Anyone here into firearms?

Ghostvette · 01-25-2021, 09:21 AM

Quote:

Originally Posted by VABAM

TBH I’m not surprised. I’m actually surprised that this didn’t happen sooner. I bet it is going to get worse before the end of the year. Especially when all the inflation from printing all that money starts kicking in.

Quote:

Originally Posted by Rusty

The price of everything will be (is) going up.

Ugh... the 70s all over again.

How does that Hank Jr song go.. "Interest is up and the stock market's down/and you only get mugged if you go downtown"

Here we go again....

Hotrodz · 01-25-2021, 09:59 AM

We bought our first home a single wide mobile home in 1985. It was $15,500 and the interest rate was 15. Stick mortar homes were like 12.

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jwick · 01-25-2021, 10:03 AM

Quote:

Originally Posted by Hotrodz

We bought our first home a single wide mobile home in 1985. It was $15,500 and the interest rate was 15. Stick mortar homes were like 12.

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That sounds about like what my parents told us. We moved into our first purchased home in Houston around that time (83/84ish). Remember mom telling me interest was like 12%.

Ghostvette · 01-25-2021, 10:07 AM

Quote:

Originally Posted by jwick

That sounds about like what my parents told us. We moved into our first purchased home in Houston around that time (83/84ish). Remember mom telling me interest was like 12%.

Yeah....

I feel sorry for anyone that is thinking about waiting till late summer to buy a house... It's gonna be fugly....

Hotrodz · 01-25-2021, 11:06 AM

Quote:

Originally Posted by Ghostvette

Yeah....

I feel sorry for anyone that is thinking about waiting till late summer to buy a house... It's gonna be fugly....

Get it now while the interest rates are at historic lows.

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Ghostvette · 01-25-2021, 12:34 PM

Quote:

Originally Posted by Hotrodz

Get it now while the interest rates are at historic lows.

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I'm good. I bought mine 2 years ago.

I just have to deal with my mortgage company calling me every month wanting me to refi....

Hotrodz · 01-25-2021, 02:35 PM

Quote:

Originally Posted by Ghostvette

I'm good. I bought mine 2 years ago.

I just have to deal with my mortgage company calling me every month wanting me to refi....

Yep mine is at 3.5 so it is pretty close for me to look at it at 2.5 but part of me just doesn't want to deal with the hassle.

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Ghostvette · 01-25-2021, 03:37 PM

Quote:

Originally Posted by Hotrodz

Yep mine is at 3.5 so it is pretty close for me to look at it at 2.5 but part of me just doesn't want to deal with the hassle.

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My rate is higher, but it is a $0 down VA loan. If I refi, it will only save about $200 a month, but dividing the savings into estimated closing costs leaves me with a break even point of about 15 months down the road. No thanks.

It would be worthwhile if the break even point was 6 months on a 15 year note, but I don't have 30% equity to get the best rate.

jwick · 01-25-2021, 07:11 PM

Quote:

Originally Posted by Hotrodz

Get it now while the interest rates are at historic lows.

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We’re locked in at 3.125% and on the 15 yr plan. Kid will be in college and I’m gonna retire.

Spooler · 01-25-2021, 08:55 PM

For all you fear mongers'. Stop spreading rumor's. LOL

Rusty · 01-25-2021, 09:31 PM

Quote:

Originally Posted by Spooler

For all you fear mongers'. Stop spreading rumor's. LOL

How's is it fear mongering? Have you checked to see what is left on the shelves? Have you checked the prices on gun broker?

Seen that. It's old news. Other manufactories are having a materials shortage. This came out the other day. ADG can't get brass to make the casings. Some stuff will not be made until 2022. Lead is in short supply a long with other materials.

https://www.google.com/search?rlz=1C...Xx1BGwQ4dUDCA0

We have the perfect storm. A pandemic that caused shortages in manpower, materials, delivery. Riots. Anti gun president. 5 million new gun owners for 2020. Plus the gov't contracts.

JARblue · 01-25-2021, 09:31 PM

I put 0 down on a FHA loan over 10 years ago. Refinanced 3 times in the first 6 years of ownership. From 5% down to 2.75% (also went from 30 yr to 25 to 20 to 15). Rolled closing costs into financing each time so never paid a dime out of pocket. Saved over 10K in interest costs over the life of the loan each refi.

Should have bought ammo instead lol

Spooler · 01-25-2021, 10:24 PM

Quote:

Originally Posted by Rusty

How's is it fear mongering? Have you checked to see what is left on the shelves? Have you checked the prices on gun broker?

Seen that. It's old news. Other manufactories are having a materials shortage. This came out the other day. ADG can't get brass to make the casings. Some stuff will not be made until 2022. Lead is in short supply a long with other materials.

https://www.google.com/search?rlz=1C...Xx1BGwQ4dUDCA0

We have the perfect storm. A pandemic that caused shortages in manpower, materials, delivery. Riots. Anti gun president. 5 million new gun owners for 2020. Plus the gov't contracts.

The sky is falling, I get it. The same nut jobs bought it all up again.

Rusty · 01-26-2021, 12:03 AM

Quote:

Originally Posted by Spooler

The sky is falling, I get it. The same nut jobs bought it all up again.

Hopefully, mid summer things should loosen up. But if the person in the high tower has his way. There won't be a firearms industry in this country anymore. Remington went bankrupt, and got bought out. Think this is the 2nd time in the last few yrs. Colt is in the process of being bought by a foreign company.

Rusty · 01-26-2021, 06:21 PM

Holly chit!!!!!! I bought a box of 20 rounds of 285gr Hornady match for my 338 LM in Dec for $103.00. Looked today for the same thing online. $173.99.

Talk about inflation.

01-25-2021, 09:59 AM	#5777 (permalink)
Hotrodz A True Z Fanatic Join Date: Aug 2012 Location: NW, AZ Posts: 9,330 Drives: 10 Nissan 370z Nismo Rep Power: 2684385	We bought our first home a single wide mobile home in 1985. It was $15,500 and the interest rate was 15. Stick mortar homes were like 12. Sent from my SM-G965U using Tapatalk __________________ *Fast Intentions TT Installed and Tuned by Seb at SpecialtyZ 610whp 560tq:\|Fast Intentions 3" TT-TDX*\|SpecialtyZ/Fast Intentions 72 Row Oil Cooler\|SZ 6 Puck Clutch & Flywheel\|3GsCustoms\|Z1\|Wavetrac\|Hotchkis\|Whiteline \|Blitz\|Fortune Auto 500\|Fujimura\|SPL\|H&R\|TK\|TWM\|RPM Rollbar\|Sparco\|Next Level Performance\|TrackSpec\|AeroFlow Dynamics\|Pioneer\|

01-25-2021, 09:31 PM	#5787 (permalink)
JARblue A True Z Fanatic Join Date: Mar 2011 Location: Austin, TX Age: 43 Posts: 36,450 Drives: 11 Z34, 98 E36 M3 Rep Power: 2684440	I put 0 down on a FHA loan over 10 years ago. Refinanced 3 times in the first 6 years of ownership. From 5% down to 2.75% (also went from 30 yr to 25 to 20 to 15). Rolled closing costs into financing each time so never paid a dime out of pocket. Saved over 10K in interest costs over the life of the loan each refi. Should have bought ammo instead lol jwick, Hotrodz, Ghostvette and 2 others like this. __________________ 2011 370Z 6MT Sport Gun Metallic \| ARC \| CJM \| Ecutek \| FI \| Fujimura \| R2C \| SPL \| Stillen \| TWM \| Z1 \| ZSpeed \|

01-26-2021, 06:21 PM	#5790 (permalink)
Rusty Ronin Samurai - Assassin Join Date: Dec 2011 Location: Fayettenam,Pennsyltucky Age: 68 Posts: 35,190 Drives: 2011 Nismo GM 6M Rep Power: 2684437	Holly chit!!!!!! I bought a box of 20 rounds of 285gr Hornady match for my 338 LM in Dec for $103.00. Looked today for the same thing online. $173.99. Talk about inflation. __________________ 浪人 - 殺し屋 "The Difficult Anytime, The Impossible By Appointment Only" http://www.the370z.com/members-370z-...o-journal.html

01-25-2021, 08:55 PM	#5785 (permalink)
Spooler A True Z Fanatic Join Date: Jun 2014 Location: Ga Posts: 13,803 Drives: 2013 Nismo 370z Rep Power: 2684392	For all you fear mongers'. Stop spreading rumor's. LOL