RE: The market and where the economy is going.
December 14, 2018 at 6:48 pm
(This post was last modified: December 14, 2018 at 6:50 pm by Jackalope.)
I haven't been paying much attention to AUS but that's pretty scary, iggy and portends something akin to 2008.
Some of the mortgage products being pushed seem intended to produce foreclosures, tbh. Interest-only loans are a particularly egregious example.
I personally have never held anything other than a traditional fixed mortgage and have never regretted it.
I too am putting my house on the market in Q2 2019, I purchased it as a short-term investment and it's paid off well, but my read is that the market in my area is topped out and it's time to take profits. We're going to see where things go in 2019/2020.
Some of the mortgage products being pushed seem intended to produce foreclosures, tbh. Interest-only loans are a particularly egregious example.
I personally have never held anything other than a traditional fixed mortgage and have never regretted it.
I too am putting my house on the market in Q2 2019, I purchased it as a short-term investment and it's paid off well, but my read is that the market in my area is topped out and it's time to take profits. We're going to see where things go in 2019/2020.
