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Author Topic: Things that are super-cheap because of the quarantine  (Read 5466 times)

Bloop Bloop

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Re: Things that are super-cheap because of the quarantine
« Reply #50 on: May 23, 2020, 08:48:05 AM »
My Australian mortgage is at 2.88%

After tax, the effective interest rate on my property is 1.53%!

Best finance terms you'll ever get - as soon as I have the financial capacity to do so, I'm going to buy another house and take advantage of the low rates.
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Buffaloski Boris

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Re: Things that are super-cheap because of the quarantine
« Reply #51 on: May 23, 2020, 09:24:08 AM »
Quote from: Bloop Bloop on May 23, 2020, 08:48:05 AM
My Australian mortgage is at 2.88%

After tax, the effective interest rate on my property is 1.53%!

Best finance terms you'll ever get - as soon as I have the financial capacity to do so, I'm going to buy another house and take advantage of the low rates.

Many Americans lost the tax advantages of a mortgage with the 2017 tax act, including yours truly. So my after tax cost makes paying it off somewhat attractive. Im not looking to send this topic into the weeds with a discussion of paying off your mortgage versus not, just pointing out that the tax impact of mortgage interest can be significant.
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Roadrunner53

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Re: Things that are super-cheap because of the quarantine
« Reply #52 on: May 23, 2020, 10:02:29 AM »
Peapod grocery delivery (today), one lb of butter was $1.67! I ordered 6 lbs! I heard in Michigan at one store butter was $1.99 a pound. Butter in my area has been creeping up to $5 a pound.
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nancy33

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Re: Things that are super-cheap because of the quarantine
« Reply #53 on: May 23, 2020, 01:46:46 PM »
Used late model low mileage rental cars for sale Hertz and Avis in southern CA seem very cheap right now
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Chris@TTL

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Re: Things that are super-cheap because of the quarantine
« Reply #54 on: May 23, 2020, 01:59:37 PM »
Quote from: nancy33 on May 23, 2020, 01:46:46 PM
Used late model low mileage rental cars for sale Hertz and Avis in southern CA seem very cheap right now

Hertz also just filed for bankruptcy. I wonder if we'll see more deals on their stock for locations they wind up closing...
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dragoncar

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Re: Things that are super-cheap because of the quarantine
« Reply #55 on: May 23, 2020, 02:05:01 PM »
Quote from: Buffaloski Boris on May 23, 2020, 08:12:18 AM
Quote from: dragoncar on May 23, 2020, 02:52:24 AM
Mortgages.  In the middle of a refi after finding a lender that doesn't drive me crazy

https://fred.stlouisfed.org/series/MORTGAGE30US
Just wait.  I wouldn't be surprised to see the 30 year at 3% by year end.

On average ... sure.  That what I’ve locked in now, and I’ve heard sub-3 is getting more common under the right circumstances.  Hardest part for me was last month when lenders were overwhelmed and you had to wait on hold forever to get a loan estimate (by the way when did they stop calling it a good faith estimate?  Is it no longer in good faith?)
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Gerard

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Re: Things that are super-cheap because of the quarantine
« Reply #56 on: May 24, 2020, 01:29:22 PM »
Bank stocks?

<edit: no, wait, I guess that's not specifically due to the quarantine...>
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