budget #s released

[Danzig]

simply unbelievable:


President Obama's budget would generate deficits averaging almost $1 trillion a year over the next decade, according to the latest congressional estimates, significantly worse than predicted by the White House just last month.

The Congressional Budget Office figures, released Friday, predict Obama's budget will produce $9.3 trillion worth of red ink over 2010-2019. That's $2.3 trillion worse than the White House predicted in its budget.

Worst of all, CBO says the deficit under Obama's policies would never go below 4 percent of the size of the economy, figures that economists agree are unsustainable. By the end of the decade, the deficit would exceed 5 percent of gross domestic product, a dangerously high level

[Antitrust32]

Originally Posted by Danzig

simply unbelievable:


President Obama's budget would generate deficits averaging almost $1 trillion a year over the next decade, according to the latest congressional estimates, significantly worse than predicted by the White House just last month.

The Congressional Budget Office figures, released Friday, predict Obama's budget will produce $9.3 trillion worth of red ink over 2010-2019. That's $2.3 trillion worse than the White House predicted in its budget.

Worst of all, CBO says the deficit under Obama's policies would never go below 4 percent of the size of the economy, figures that economists agree are unsustainable. By the end of the decade, the deficit would exceed 5 percent of gross domestic product, a dangerously high level

ugh. I cant wait for hyper inflation and jimmy carter type morgage rates

I'm renting for the rest of my life.

[Honu]

Originally Posted by Antitrust32

ugh. I cant wait for hyper inflation and jimmy carter type morgage rates

I'm renting for the rest of my life.

Amen sistah ^5 .

[gales0678]

Originally Posted by Antitrust32

ugh. I cant wait for hyper inflation and jimmy carter type morgage rates

I'm renting for the rest of my life.

what will be good is if that does develop , the housing mkt will really collapse and as long as you're not holding any debt you might be able to buy a house for only 1 - 1.5 x your salary instead of what we have now

[Honu]

Originally Posted by gales0678

what will be good is if that does develop , the housing mkt will really collapse and as long as you're not holding any debt you might be able to buy a house for only 1 - 1.5 x your salary instead of what we have now

Very true , but how marked up will the intest rates be ?

[Danzig]

i thought interest was still pretty low right now? hell, it could be zero-but that doesn't do much good when banks won't lend.
but some are able to buy-ford keeps calling me, wanting my car. i might just have to trade it in and see what they'll give me for it.

[Honu]

Originally Posted by Danzig

i thought interest was still pretty low right now? hell, it could be zero-but that doesn't do much good when banks won't lend.
but some are able to buy-ford keeps calling me, wanting my car. i might just have to trade it in and see what they'll give me for it.

Friends dont let friends drive Fords lol.

[hi_im_god]

Originally Posted by Antitrust32

ugh. I cant wait for hyper inflation and jimmy carter type morgage rates

I'm renting for the rest of my life.

4.5% fixed rate 30 year mortgages in the face of "hyper-inflation"?

no.

you don't want any part of that.

Originally Posted by hi_im_god

4.5% fixed rate 30 year mortgages in the face of "hyper-inflation"?

no.

you don't want any part of that.

In other words, buy a house.
You might be able to own something at
a lower monthly payment that wont change.

You will not get a fixed rate rental for 30 years
(and the hyperinflation that you expect
will kill you with a rental), unless its in a slum area.

[Danzig]

Originally Posted by pgardn

In other words, buy a house.
You might be able to own something at
a lower monthly payment that wont change.

You will not get a fixed rate rental for 30 years
(and the hyperinflation that you expect
will kill you with a rental), unless its in a slum area.

absolutely. if you're in a position to do so, you do it at a time like this.

[Antitrust32]

Originally Posted by hi_im_god

4.5% fixed rate 30 year mortgages in the face of "hyper-inflation"?

no.

you don't want any part of that.

now its okay but I wont be able to buy for a few years! and I dont want to stay in Ocala forever thats for sure!