03-16-2020, 12:34 PM
(03-16-2020, 11:54 AM)Apoc Wrote: We're at 3.75%, so a refinance break even is probably 3-5 years away depending on how low they go. I think they only reason I'd do it is if we wanted to pull some equity out to pay bills for awhile... and that's a pretty expensive prospect. With respect to stock, I've landed on just riding it out. I didn't want the tax hit to sell things and well, now it just seems like chasing my tail to do anything. Net worth is down ~10% in the last week, but it is what it is and we have years to recover. At this point, I'm more concerned about possibly being unemployed next week and having to pay for COBRA.
Yeah my personal home I bought 2 years ago is not worth the reduction until 15 year rates hit 2.5% without points. (2 years into a 20 year loan currently).
I thought you were corporate Google or Amazon? Are they prepping for major moves?
In 4-6 weeks if this continues; it's going to disastrous. Concerned for some friends; and especially neighbors. If you didn't know, I work a side gig with an IMSA GT3 Cup Team. Our season just got nixed for the next 60 days minimum. Worried less about the shop, but all the fly-in crew guys that depend on this income. Already talk of doing multiple "tests" at local tracks to help generate income; but what will the drivers want to spend? These crew guys are not set up to absorb 3-6 month losses.
2020 Ford Raptor
2009 Z06
1986.5 Porsche 928S
2009 Z06
1986.5 Porsche 928S