Comments on: Are You Making Assumptions http://www.yattermatters.com/2009/12/are-you-making-assumptions/ Insight on Vancouver Real Estate Fri, 10 Feb 2012 15:57:48 +0000 hourly 1 By: davers http://www.yattermatters.com/2009/12/are-you-making-assumptions/comment-page-1/#comment-21372 davers Thu, 03 Dec 2009 17:00:22 +0000 http://www.yattermatters.com/?p=8058#comment-21372 "The overwhelming majority of those surveyed (40%) expect house prices to go up" What??? Since when is 40% an overwhelming majority? Another question: "68% of mortgage holders have fixed-rate mortgages, while 27% have variable- and adjustable-rate mortgages." 68 + 27 = 95 where is the other 5%? Is there another type of mortgage I dont know about? Interesting assumptions they make too. Do I sense a slight bias in this report? :) “The overwhelming majority of those surveyed (40%) expect house prices to go up”

What???

Since when is 40% an overwhelming majority?

Another question:

“68% of mortgage holders have fixed-rate mortgages, while 27% have variable- and adjustable-rate mortgages.”

68 + 27 = 95 where is the other 5%? Is there another type of mortgage I dont know about?

Interesting assumptions they make too. Do I sense a slight bias in this report? :)

]]> By: Norm Fisher http://www.yattermatters.com/2009/12/are-you-making-assumptions/comment-page-1/#comment-21363 Norm Fisher Thu, 03 Dec 2009 12:31:20 +0000 http://www.yattermatters.com/?p=8058#comment-21363 "Reading the above from the survey, suggest that almost everybody surveyed (about 2000), have drunk from the cup of cheap interest rates." I'm getting the impression that "everybody surveyed" is a mortgagor, and therefore a property owner. Asking a home owner with a mortgage if it's a good time to buy is kind of like asking a real estate agent if I should buy now or wait a few years. Sorry to see the lame "future renewals" assumption in this report. For the most part, I think the financial community is making it fairly well known that rates will be higher at renewal time but I wonder if consumers are listening. “Reading the above from the survey, suggest that almost everybody surveyed (about 2000), have drunk from the cup of cheap interest rates.”

I’m getting the impression that “everybody surveyed” is a mortgagor, and therefore a property owner. Asking a home owner with a mortgage if it’s a good time to buy is kind of like asking a real estate agent if I should buy now or wait a few years.

Sorry to see the lame “future renewals” assumption in this report. For the most part, I think the financial community is making it fairly well known that rates will be higher at renewal time but I wonder if consumers are listening.

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