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Vatamin
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- 27 Answers
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Vatamin’s Questions (10)
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Vatamin’s Answers (27)
Vatamin answered:
Scott Summers,
I may be wasting my time to respond to you, but your perspective is really funny!
You cited a news clip from cbs of 3-1/2 months ago to support that "Here is a great segment on why now is a good time to buy";
When justlooking cited a report from WSJ of 1 (ONE) day old to say that "why this is not yet a good time to buy", you then responded that "If you looking to buy in San Ramon, I suggest you look at statistics for San Ramon or the bay area, as all real estate is LOCAL......."
Your s**t really smells when you continue "The media likes to talk about National Real Estate trends as if it means something to your local area...."
Did that cbs news clip talk specifically about San Ramon?
I may be wasting my time to respond to you, but your perspective is really funny!
You cited a news clip from cbs of 3-1/2 months ago to support that "Here is a great segment on why now is a good time to buy";
When justlooking cited a report from WSJ of 1 (ONE) day old to say that "why this is not yet a good time to buy", you then responded that "If you looking to buy in San Ramon, I suggest you look at statistics for San Ramon or the bay area, as all real estate is LOCAL......."
Your s**t really smells when you continue "The media likes to talk about National Real Estate trends as if it means something to your local area...."
Did that cbs news clip talk specifically about San Ramon?
Vatamin answered:
Wow, that's a lazy take-away. His example was for 4-year period and assumed to have happened during the just past 4 years. Do you think it's good enough to use the same rate for your 15-year period?
OK, good. $100k was wiped out.
Then, why did you use 3% interest rate for your formula? Why not 4%?
Then, why did you use 3% interest rate for your formula? Why not 4%?
Good. Then what is the number that you got?
Jonp,
I initially wondered whether I should waste my time to respond to you, but I wanted to do you a favor so that you won't continue to act in the way that makes yourself nothing but a fool.
Your way of calculating a net return shows that you even don't have the very basic knowledge of compounding:
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100% down payment on initial $755,000 is $755,000. The interest rate that you would have gained on that money from just letting sit in a bank at 3% per year is $340,000
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The interest that $755,000 would have been earned over the 15 years at 3% is NOT $340,000. I don't want to give your the correct answer right here, are you able to figure it out?
Perhaps you are indeed too old....
I initially wondered whether I should waste my time to respond to you, but I wanted to do you a favor so that you won't continue to act in the way that makes yourself nothing but a fool.
Your way of calculating a net return shows that you even don't have the very basic knowledge of compounding:
===
100% down payment on initial $755,000 is $755,000. The interest rate that you would have gained on that money from just letting sit in a bank at 3% per year is $340,000
===
The interest that $755,000 would have been earned over the 15 years at 3% is NOT $340,000. I don't want to give your the correct answer right here, are you able to figure it out?
Perhaps you are indeed too old....
Vatamin answered:
I wonder whether Mr. Sunnycalif has closed his fantasy new home purchase? I remember he promised to show the purchase contract copy. Has anyone been lucky enough to see that?
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MVPs or 'Most Valuable Players' are key Trulia Voices members who have been contributing high-quality content throughout 2008 and providing valuable advice to consumers and real estate professionals.
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