FormerXBC Inc XEBEQ

Industrials

Xebec Adsorption Inc designs, engineers, and manufactures products that are used for purification, separation, dehydration, and filtration equipment for gases and compressed air. The company operates in three reportable segments: Systems, Corporate and other, and Support. Its product lines are natural gas dryers for natural gas refueling stations, compressed gas filtration, biogas purification, associated gas, engineering services, and air dryers. The company's geographical segments are United States, Canada, China, Other, Korea, Italy, and France.

GREY:XEBEQ - Post by User

FormerXBC Inc > Stop quibbling back and forth

<< Previous

Bullboard Posts

Next >>

Comment by Gann999on Jul 14, 2022 7:17pm

98 Views

Post# 34825579

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Stop quibbling back and forth

Well babe when you start spewing nonsense about mortgage payments doubling and 10 percent of the population going underwater on their mortgage it's fair to correct you and bring you back to earth. Yes prices are coming down it's a good thing not a bad thing it was getting out of hand and we need a more balanced housing market. There are also these things called down payments for mortgages maybe you have heard of them usually people strive for 20 percent down meaning you already have equity in your home from the moment you buy it. The scenario you were saying earlier was out to lunch. Also lots of people with those huge mortgages have multiple people living at the home paying the mortgage it's fairly common these days.

babedinkleman wrote: Calm down Gann....it was ball park. Putting it into the mortgage caculator the numbers I'm running being 2.5% vs 6% it is just over 45% more.
Those who took out a mortgage for $750,000 at 2.5% go from $3360 to $4800. Far from chump change for those who likely had no business buying an $850,000-900,000 house to begin with.
And ferret.....housing has already dropped 10% in May and June year over year in my city.....and I would imagine most others. New construction houses 2 months ago down the road were being listed for $999,999....today $864,000 and still 'up for sale'. My former dreal estate agent sends out monthly stats emails.... my city and June average prices were down an average of $85,000 over last year..... The days of buying way over ask is over. Not a bad thing....it was a great angle to take advantage of the sheep that real estate agents pushed to create fomo and drive up prices.
And Gann....be sure to check all these numbers and get back to me.

Gann999 wrote: Looks like you not that great at basic math either 2366 to 3200 is not 50 percent it's not even 40 percent

babedinkleman wrote:

ferret_ca wrote: no idea where babe is getting his mtg numbers from but pmts doubling is absolute nonsense.

Oops I was getting silly again ! I suppose it will only be about a 50% rise based on your numbers from 2.5% to 5-6%. Still......a very ugly increase that will....and is already affecting the market.
And you may be right....it wouldn't surprise me to see the BOC back off rates once things level off......how could it be any other way......put us right back into the mess we're in now.