(11-27-2018, 05:08 PM)HURRICANE!!! Wrote:

(11-26-2018, 09:36 PM)HandsomeRob86 Wrote: I don't think people are buying ARM's like they did 12-15 years ago. The only good thing out the recession is that people seem to be a little more aware of this kind of thing now.

ARM Loans should be eliminated, unless one pays 25% down and has an excellent credit score of 800+.  The population as a whole is not savy enough to really mentally absord the financial impact they face once those discounted periods end.

I can somewhat agree with this.  I actually qualify under your scenario and did just that (put 25% down and have an excellent credit score).  I am coming up on 1 year of my ARM loan on property that I bought.  It made sense for me to borrow the money rather than using capital to purchase the property (35 acres).  The cash that I would have used had I outright purchased the land is making me money, even during this market correction.  My gains are actually more than what I'm paying in interest so I'm still ahead.

The current correction in the market was anticipated and (in my opinion) a little bit late.  I pity the people that bought into the crypto-currency hype.  If they are still in they have lost a bunch of money unless they shorted it.

I don't see the market testing the 52 week highs until after the first of the year.

The bottom line is, the market is the market regardless of who is in The White House.  The best thing to do is educate, watch and determine what to do.

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