MarkS
Newbie
Bencher paddles.
Posts: 10
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Post by MarkS on Mar 30, 2004 23:51:24 GMT -5
I heard an interesting stat about home ownership on KMOX radio the other day... that one in five home purchases are paid in cash.
Let's test the stat... did you pay for your home with cash?
I'll go first.
NO and I don't plan on it for a while. ;D
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Post by RS Davis on Mar 31, 2004 0:20:20 GMT -5
I heard an interesting stat about home ownership on KMOX radio the other day... that one in five home purchases are paid in cash. Let's test the stat... did you pay for your home with cash? I'll go first. NO and I don't plan on it for a while. ;D I can't even fathom doing that. I thought only drug kingpins bought cars and homes with cash. - Rick |
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Post by RS Davis on Mar 31, 2004 0:21:32 GMT -5
I know Outgirl owns her home. I wonder - will she'll share?
- Rick
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Post by outgirl on Mar 31, 2004 3:43:43 GMT -5
Hell no I didn't pay cash. I don't even think I believe this. I really am in the wrong profession.
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Post by RS Davis on Mar 31, 2004 4:28:19 GMT -5
Hell no I didn't pay cash. I don't even think I believe this. I really am in the wrong profession. No shit! - Rick |
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Post by emilysrevolution on Mar 31, 2004 8:00:31 GMT -5
I don't even buy tampons with cash half the time. Credit city, baby!
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Post by RS Davis on Mar 31, 2004 12:42:18 GMT -5
I don't even buy tampons with cash half the time. Credit city, baby! Hahaha! - Rick |
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Post by penguin on Mar 31, 2004 22:43:38 GMT -5
I heard an interesting stat about home ownership on KMOX radio the other day... that one in five home purchases are paid in cash. Let's test the stat... did you pay for your home with cash? I'll go first. NO and I don't plan on it for a while. ;D I heard that, too. That surprised me, as well. I doubt if I ever will pay cash for a home, even if I become able to do so, unless interest rates are outrageous, or they drop the handout, er deduction, for mortgage interest. |
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Post by dr snootch on Apr 1, 2004 8:38:55 GMT -5
I used to work for an old Jewish guy that paid for his house with cash, but he wasn't a drug dealer (as far as I know).
In a related topic, I've been thinking of buying a houseboat. Apparently, you can sign a form allowing the Coast Guard to use your boat to transport weapons down the Mississippi in times of war and you never have to pay sales or property tax on the boat.
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Post by outgirl on Apr 1, 2004 10:42:11 GMT -5
Wouldn't that be supporting the war? Just kidding, but maybe not.
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Post by RS Davis on Apr 1, 2004 13:22:17 GMT -5
Wouldn't that be supporting the war? Just kidding, but maybe not. That's probably more for war on our soil.  - Rick |
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Post by outgirl on Apr 2, 2004 2:01:18 GMT -5
Who knows. I'm remodeling now and was just informed that the price of lumber has tripled since last year because we're sending it to Iraq. I'm not exactly sure how thats applicable here but I'm pissed about it
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Post by RS Davis on Apr 2, 2004 12:00:04 GMT -5
Who knows. I'm remodeling now and was just informed that the price of lumber has tripled since last year because we're sending it to Iraq. I'm not exactly sure how thats applicable here but I'm pissed about it Thought you might find this interesting... There are other, more significant reasons for the record high prices of lumber. One is the Fed's manipulation of interest rates, which has triggered so much mortgage borrowing that new houses are being built at a rate not seen in 17 years. Remodeling with funds from home-equity loans has added to the demand. In addition, weather delayed the start of the building season in many areas of the country and hampered harvesting efforts. Fires in Canada and the West threatened some timber stocks, and Hurricane Isabel produced an additional demand for plywood in North Carolina and Virginia.Setting the stage for the record lumber prices this summer were misguided environmentalism and a high tariff on Canadian softwood lumber. First, there was the cordoning off of countless acres to protect the spotted owl, which created an artificial scarcity of timber and drove up the price of lumber. Weyerhauser, a forest products firm, cashed in by hiring wildlife biologists to find spotted owls on federal land, resulting in an increase in the value of its own timber. And second, in August of 2001, the Bush Administration initiated a tariff of 19.3 percent on Canadian softwood lumber imports. A few months later we watched the Commerce Department push the tariffs as high as 29 percent . Essentially, the forest products industry was using the federal government to soak builders and home buyers for countless millions of dollars.The DOD order was particularly damaging to builders who had based contracts on normal lumber prices and were caught off guard. Some have suggested that the market's reaction was irrational "panic" buying. Indeed, the amount of plywood bought for Iraq was not large, compared to the monthly production of around 300 million square feet. But, as the editor of Random Lengths noted, the order occurred "when seasonal demand was at its peak…. The timing made it quite significant." - Rick |
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Post by outgirl on Apr 2, 2004 15:37:41 GMT -5
interesting
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Post by RS Davis on Apr 2, 2004 16:17:59 GMT -5
I was right, hahaha... ;D - Rick |
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