Red Mosquito

tragabigzanda wrote:So we are on the verge of putting an offer in on a new home in Bozeman. The Fed just cut the interest rate by another .5% today. How scared should I be about a coming recession? The home is a good deal considering the current state of the local market.

Just buy it.

tragabigzanda wrote:So we are on the verge of putting an offer in on a new home in Bozeman. The Fed just cut the interest rate by another .5% today. How scared should I be about a coming recession? The home is a good deal considering the current state of the local market.

well, the home's not going to be affected by the recession as much as your ability to pay for it will be. sure, the value may fall, but if you plan on staying there a while and can afford the mortgage and property taxes, then i wouldn't consider any recession.

on the other hand, if this purchase is just temporary (meaning, 5 years or less), and the recession will take a bite out of the market and increase housing stock (and affect your income), then perhaps you can hold off a bit. all things being equal though, any recession more than likely won't be anywhere near what we went through in '07-'08 simply because we don't have nearly as big of a bubble as we did back then.

tragabigzanda wrote:So we are on the verge of putting an offer in on a new home in Bozeman. The Fed just cut the interest rate by another .5% today. How scared should I be about a coming recession? The home is a good deal considering the current state of the local market.

Holy shit. Now I really DO have to retire there!

What mean this

Stock market is gonna be lit this week

dow futures down over 1200 right now..should be a fun opening bell tomorrow

doug rr wrote:dow futures down over 1200 right now..should be a fun opening bell tomorrow

shits about to get wrecked

oil got cheap in a hurry

Yes, looks like it could be a bad week for the economy.

McParadigm wrote:What mean this

It means investigate if you should refinance your mortgage in the next few weeks

It also seems to give some credence to the argument that the Fed doesn't really set interest rates as much as it follows whatever the market is doing. This is a demand-side collapse in the interest rate.

Anders wrote:Yes, looks like it could be a bad week for the economy.

maybe it's finally infrastructure week?

Bi_3 wrote:

McParadigm wrote:What mean this

It means investigate if you should refinance your mortgage in the next few weeks

and if you live in NC, I'm your man for this. The refis are booming as we continue to hit record lows.

Do we still have an economy?

well, I WAS going to stop contributing to my kids' 529's for the fear of over-funding. i can't say i'm certain i'll do that anytime soon now.

Officially a bear market right? 11 years to the day that the stock market bottomed out during the last recession.

tragabigzanda wrote:

4/5 wrote:Officially a bear market right? 11 years to the day that the stock market bottomed out during the last recession.

technically no. The Dow would have to fall another 2K points or so.

so tomorrow or wednesday then

tragabigzanda wrote:

4/5 wrote:Officially a bear market right? 11 years to the day that the stock market bottomed out during the last recession.

technically no. The Dow would have to fall another 2K points or so.

there's - does the math for Eastern Time - ~20 minutes until the bell rings just yet, don't sell them short yet.

no pun intended.