If I had high-ticker 10 percent financing, which would probably be the market rate, I would have to dump stuff. The interest payments would be killing me.
Sentiment: NEGATIVE
It all comes down to interest rates. As an investor, all you're doing is putting up a lump-sump payment for a future cash flow.
Ignore the annual percentage rate when shopping for a mortgage.
Low interest rates are a big opportunity for investment. But the issue is that this money should go to the real economy, not the financial economy.
Interest rates are used to achieve overall economic stability.
If I finance a bank and I know if the bank will get in trouble, I will be hit and I will lose money, I will put a price on that.
If you've taken Econ 101, you know that the quantity of money rises only when the banking system makes a net loan.
Individual investors beware: If you're constantly worried about a crash, you're probably making some big mistakes - and losing a lot of money in the process.
I've found that when the market's going down and you buy funds wisely, at some point in the future you will be happy.
If a house is priced appropriately, make a bid 10 percent below that amount.
This is our 40th year in business. We don't have a single penny from outside investors, and we never borrowed heavily from the banks. We have a healthy balance sheet and more credit than we can use.