- This topic has 305 replies, 29 voices, and was last updated 16 years, 9 months ago by
Coronita.
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February 15, 2008 at 1:29 PM #11830February 15, 2008 at 1:34 PM #153657
paranoid
Participantwalk.
what are u waiting for?
February 15, 2008 at 1:34 PM #153929Participantwalk.
what are u waiting for?
February 15, 2008 at 1:34 PM #153948Participantwalk.
what are u waiting for?
February 15, 2008 at 1:34 PM #153956Participantwalk.
what are u waiting for?
February 15, 2008 at 1:34 PM #154032Participantwalk.
what are u waiting for?
February 15, 2008 at 1:36 PM #153662gn
ParticipantDJNinSD,
If you can answer the following questions to enable us help you better:
– How much longer to you intend to stay in that house ?
– What is the ratio of PITI (mortgage + property tax + insurance) to your gross income ?
– What is the current market rent for a house that is equivalent to your house ?February 15, 2008 at 1:36 PM #153934ParticipantDJNinSD,
If you can answer the following questions to enable us help you better:
– How much longer to you intend to stay in that house ?
– What is the ratio of PITI (mortgage + property tax + insurance) to your gross income ?
– What is the current market rent for a house that is equivalent to your house ?February 15, 2008 at 1:36 PM #153953ParticipantDJNinSD,
If you can answer the following questions to enable us help you better:
– How much longer to you intend to stay in that house ?
– What is the ratio of PITI (mortgage + property tax + insurance) to your gross income ?
– What is the current market rent for a house that is equivalent to your house ?February 15, 2008 at 1:36 PM #153960ParticipantDJNinSD,
If you can answer the following questions to enable us help you better:
– How much longer to you intend to stay in that house ?
– What is the ratio of PITI (mortgage + property tax + insurance) to your gross income ?
– What is the current market rent for a house that is equivalent to your house ?February 15, 2008 at 1:36 PM #154035ParticipantDJNinSD,
If you can answer the following questions to enable us help you better:
– How much longer to you intend to stay in that house ?
– What is the ratio of PITI (mortgage + property tax + insurance) to your gross income ?
– What is the current market rent for a house that is equivalent to your house ?February 15, 2008 at 1:47 PM #153677patientlywaiting
ParticipantYes, walk. No point throwing good money after bad.
If you add all the ownership premiums you’ve paid over the last 3 years, then the losses are daunting.
The questions you need to ask:
1) Will future appreciation pay you back all they ownership premiums and opportunity costs you’ve put into the house over the years?
2) What is the likelyhood of future housing appreciation to occur? Are you willing to take the risk of putting more into the house and getting nothing in return?
3) How old you are now. If you’re 50yo, then there’s not point trying to hang on. You need to move on with your life. And the odds of housing appreciation bailing you out are nil.
If you walk now:
a) You limit your losses to what you have in it already.
b) You can save the amount over and above rent for a future down payment.If you have a 10% or 20% down-payment on a future purchase (which very few people do), few lenders will turn you away. It’s gonna get so bad that lenders will not longer look at foreclosure as a bad mark on credit history.
Remember, the bank looks at your as a dollar sign. You should look at your relationship with them the same way. Life is a two-way road.
February 15, 2008 at 1:47 PM #153949ParticipantYes, walk. No point throwing good money after bad.
If you add all the ownership premiums you’ve paid over the last 3 years, then the losses are daunting.
The questions you need to ask:
1) Will future appreciation pay you back all they ownership premiums and opportunity costs you’ve put into the house over the years?
2) What is the likelyhood of future housing appreciation to occur? Are you willing to take the risk of putting more into the house and getting nothing in return?
3) How old you are now. If you’re 50yo, then there’s not point trying to hang on. You need to move on with your life. And the odds of housing appreciation bailing you out are nil.
If you walk now:
a) You limit your losses to what you have in it already.
b) You can save the amount over and above rent for a future down payment.If you have a 10% or 20% down-payment on a future purchase (which very few people do), few lenders will turn you away. It’s gonna get so bad that lenders will not longer look at foreclosure as a bad mark on credit history.
Remember, the bank looks at your as a dollar sign. You should look at your relationship with them the same way. Life is a two-way road.
February 15, 2008 at 1:47 PM #153968ParticipantYes, walk. No point throwing good money after bad.
If you add all the ownership premiums you’ve paid over the last 3 years, then the losses are daunting.
The questions you need to ask:
1) Will future appreciation pay you back all they ownership premiums and opportunity costs you’ve put into the house over the years?
2) What is the likelyhood of future housing appreciation to occur? Are you willing to take the risk of putting more into the house and getting nothing in return?
3) How old you are now. If you’re 50yo, then there’s not point trying to hang on. You need to move on with your life. And the odds of housing appreciation bailing you out are nil.
If you walk now:
a) You limit your losses to what you have in it already.
b) You can save the amount over and above rent for a future down payment.If you have a 10% or 20% down-payment on a future purchase (which very few people do), few lenders will turn you away. It’s gonna get so bad that lenders will not longer look at foreclosure as a bad mark on credit history.
Remember, the bank looks at your as a dollar sign. You should look at your relationship with them the same way. Life is a two-way road.
February 15, 2008 at 1:47 PM #153975ParticipantYes, walk. No point throwing good money after bad.
If you add all the ownership premiums you’ve paid over the last 3 years, then the losses are daunting.
The questions you need to ask:
1) Will future appreciation pay you back all they ownership premiums and opportunity costs you’ve put into the house over the years?
2) What is the likelyhood of future housing appreciation to occur? Are you willing to take the risk of putting more into the house and getting nothing in return?
3) How old you are now. If you’re 50yo, then there’s not point trying to hang on. You need to move on with your life. And the odds of housing appreciation bailing you out are nil.
If you walk now:
a) You limit your losses to what you have in it already.
b) You can save the amount over and above rent for a future down payment.If you have a 10% or 20% down-payment on a future purchase (which very few people do), few lenders will turn you away. It’s gonna get so bad that lenders will not longer look at foreclosure as a bad mark on credit history.
Remember, the bank looks at your as a dollar sign. You should look at your relationship with them the same way. Life is a two-way road.
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