2009 Conforming Loan Limits Jump

[sdrealtor]

The problem about looking at a graph for a bottom is that it can be different everywhere. The bottom in Mira Mesa may not be the same time as Carmel valley’s. The other problem is that the bottom is a time when someone buys a certain house at a certain price and that may or may not be you.

One of my clients is the fiercest bear I know. Far more negative than any of you. Nonethelesss we go out from time to time to look at houses. In over 2 years, he has not found a single home he liked enough to buy whether it was priced right or not.

When I looked at the the 3 tiers they were all in alignment in non-bubble times and wildly out of alignment in bubble times. While I dont think we are at a bottom, seeing them in alignment gives me moment for pause that we may not be as far as I would have thought.

The problem with all your answers is that they are absolute. The world has never worked that way in the 45+ years that I have roamed the planet. Gray areas, blue areas, pink areas but very little black and white areas.

[sdrealtor]

cr,
agreed that is what we will see as the higher end falls. the problem with the aggravating wait is that its too damn aggravating. Sooner or later someone cracks, we all crack, one by one we lose our patience and decide enough is enough I’m ready to move on with my life. It happens in all walks of life.

[sdrealtor]

cr,
agreed that is what we will see as the higher end falls. the problem with the aggravating wait is that its too damn aggravating. Sooner or later someone cracks, we all crack, one by one we lose our patience and decide enough is enough I’m ready to move on with my life. It happens in all walks of life.

[sdrealtor]

cr,
agreed that is what we will see as the higher end falls. the problem with the aggravating wait is that its too damn aggravating. Sooner or later someone cracks, we all crack, one by one we lose our patience and decide enough is enough I’m ready to move on with my life. It happens in all walks of life.

[sdrealtor]

cr,
agreed that is what we will see as the higher end falls. the problem with the aggravating wait is that its too damn aggravating. Sooner or later someone cracks, we all crack, one by one we lose our patience and decide enough is enough I’m ready to move on with my life. It happens in all walks of life.

[sdrealtor]

cr,
agreed that is what we will see as the higher end falls. the problem with the aggravating wait is that its too damn aggravating. Sooner or later someone cracks, we all crack, one by one we lose our patience and decide enough is enough I’m ready to move on with my life. It happens in all walks of life.

[macromaniac]

SD,

I am not following you here concerning RENTING a home from a financial institution and paying them mostly interest for the first portion of the agreement and how this relates to “moving on with my life”.

I would beg to differ and go as far as begging to differ with some notion or systemic “belief” that owning a home is some great accomplishment in life,yea, some American dream it has become for a lot of people.

I realize that my thought here on this is one of the minority and that others allow may allow themselves for whatever reasons to make emotional buying decisions and that is the reality, but I do believe this is changing to some degree as people get burned which creates hesitancy to do the same thing again or at least they give it a little more thought and educate themselves first..and that is one of the bright spots during hard times….people educating themselves to make wiser decisions…

And yes, RE is local down to the subdivision / neighborhood….

[macromaniac]

SD,

I am not following you here concerning RENTING a home from a financial institution and paying them mostly interest for the first portion of the agreement and how this relates to “moving on with my life”.

I would beg to differ and go as far as begging to differ with some notion or systemic “belief” that owning a home is some great accomplishment in life,yea, some American dream it has become for a lot of people.

I realize that my thought here on this is one of the minority and that others allow may allow themselves for whatever reasons to make emotional buying decisions and that is the reality, but I do believe this is changing to some degree as people get burned which creates hesitancy to do the same thing again or at least they give it a little more thought and educate themselves first..and that is one of the bright spots during hard times….people educating themselves to make wiser decisions…

And yes, RE is local down to the subdivision / neighborhood….

[macromaniac]

SD,

I am not following you here concerning RENTING a home from a financial institution and paying them mostly interest for the first portion of the agreement and how this relates to “moving on with my life”.

I would beg to differ and go as far as begging to differ with some notion or systemic “belief” that owning a home is some great accomplishment in life,yea, some American dream it has become for a lot of people.

I realize that my thought here on this is one of the minority and that others allow may allow themselves for whatever reasons to make emotional buying decisions and that is the reality, but I do believe this is changing to some degree as people get burned which creates hesitancy to do the same thing again or at least they give it a little more thought and educate themselves first..and that is one of the bright spots during hard times….people educating themselves to make wiser decisions…

And yes, RE is local down to the subdivision / neighborhood….

[macromaniac]

SD,

I am not following you here concerning RENTING a home from a financial institution and paying them mostly interest for the first portion of the agreement and how this relates to “moving on with my life”.

I would beg to differ and go as far as begging to differ with some notion or systemic “belief” that owning a home is some great accomplishment in life,yea, some American dream it has become for a lot of people.

I realize that my thought here on this is one of the minority and that others allow may allow themselves for whatever reasons to make emotional buying decisions and that is the reality, but I do believe this is changing to some degree as people get burned which creates hesitancy to do the same thing again or at least they give it a little more thought and educate themselves first..and that is one of the bright spots during hard times….people educating themselves to make wiser decisions…

And yes, RE is local down to the subdivision / neighborhood….

[macromaniac]

SD,

I am not following you here concerning RENTING a home from a financial institution and paying them mostly interest for the first portion of the agreement and how this relates to “moving on with my life”.

I would beg to differ and go as far as begging to differ with some notion or systemic “belief” that owning a home is some great accomplishment in life,yea, some American dream it has become for a lot of people.

I realize that my thought here on this is one of the minority and that others allow may allow themselves for whatever reasons to make emotional buying decisions and that is the reality, but I do believe this is changing to some degree as people get burned which creates hesitancy to do the same thing again or at least they give it a little more thought and educate themselves first..and that is one of the bright spots during hard times….people educating themselves to make wiser decisions…

And yes, RE is local down to the subdivision / neighborhood….

[socrattt]

To all the other smart renters out there I thought I would share my story. I am currently moving out of my place in Coastal Carlsbad because the property owner is foreclosing. We looked just about everywhere for a nice place and even contemplated getting a short term rental to give us time to find something. Low and behold a few days ago I walked down the street and found a home closer to the beach (a stone’s throw), a nice yard for my dog and 2,000sqft of space. All this for a whopping $2,400/month.

Why would anyone want to buy in this market? Rents are retreating and the government is doing everything in their power to delay the inevitable. As frustrating as this is, it makes it a whole lot easier for us renters to keep renting. This has been the easiest decision of my life. I will sign lease after lease until prices fall back to reality.

The thought process of our government sort of makes sense to me. They have taken tax payers dollars in the form of a long term loan (to the RE market), hoping that they can delay the market to the next upward cycle and make their money back. In between all that garbage is a bunch of corrupt politicians and CEO’s living it up while the citizens wait for their IOU’s received from our government! The idea makes sense, the people behind it don’t.

Macro you are right and I have been saying the same thing for a long time. There will be another revolution in this country in order to fix the problem. Raising taxes and sending out IOU’s is not the answer. America has failed its citizens and week by week I wonder when the rage in the streets will begin. I think a tipping point of my frustration was the party by Northern Trust this last weekend. Didn’t we learn from AIG? What the hell is wrong with these people? We need to go back in time where the citizens are able to publicly ridicule these CEO’s. If this country wasn’t so liberal, I would say we need to stone some of these guys!

[socrattt]

To all the other smart renters out there I thought I would share my story. I am currently moving out of my place in Coastal Carlsbad because the property owner is foreclosing. We looked just about everywhere for a nice place and even contemplated getting a short term rental to give us time to find something. Low and behold a few days ago I walked down the street and found a home closer to the beach (a stone’s throw), a nice yard for my dog and 2,000sqft of space. All this for a whopping $2,400/month.

Why would anyone want to buy in this market? Rents are retreating and the government is doing everything in their power to delay the inevitable. As frustrating as this is, it makes it a whole lot easier for us renters to keep renting. This has been the easiest decision of my life. I will sign lease after lease until prices fall back to reality.

The thought process of our government sort of makes sense to me. They have taken tax payers dollars in the form of a long term loan (to the RE market), hoping that they can delay the market to the next upward cycle and make their money back. In between all that garbage is a bunch of corrupt politicians and CEO’s living it up while the citizens wait for their IOU’s received from our government! The idea makes sense, the people behind it don’t.

Macro you are right and I have been saying the same thing for a long time. There will be another revolution in this country in order to fix the problem. Raising taxes and sending out IOU’s is not the answer. America has failed its citizens and week by week I wonder when the rage in the streets will begin. I think a tipping point of my frustration was the party by Northern Trust this last weekend. Didn’t we learn from AIG? What the hell is wrong with these people? We need to go back in time where the citizens are able to publicly ridicule these CEO’s. If this country wasn’t so liberal, I would say we need to stone some of these guys!

[socrattt]

To all the other smart renters out there I thought I would share my story. I am currently moving out of my place in Coastal Carlsbad because the property owner is foreclosing. We looked just about everywhere for a nice place and even contemplated getting a short term rental to give us time to find something. Low and behold a few days ago I walked down the street and found a home closer to the beach (a stone’s throw), a nice yard for my dog and 2,000sqft of space. All this for a whopping $2,400/month.

Why would anyone want to buy in this market? Rents are retreating and the government is doing everything in their power to delay the inevitable. As frustrating as this is, it makes it a whole lot easier for us renters to keep renting. This has been the easiest decision of my life. I will sign lease after lease until prices fall back to reality.

The thought process of our government sort of makes sense to me. They have taken tax payers dollars in the form of a long term loan (to the RE market), hoping that they can delay the market to the next upward cycle and make their money back. In between all that garbage is a bunch of corrupt politicians and CEO’s living it up while the citizens wait for their IOU’s received from our government! The idea makes sense, the people behind it don’t.

Macro you are right and I have been saying the same thing for a long time. There will be another revolution in this country in order to fix the problem. Raising taxes and sending out IOU’s is not the answer. America has failed its citizens and week by week I wonder when the rage in the streets will begin. I think a tipping point of my frustration was the party by Northern Trust this last weekend. Didn’t we learn from AIG? What the hell is wrong with these people? We need to go back in time where the citizens are able to publicly ridicule these CEO’s. If this country wasn’t so liberal, I would say we need to stone some of these guys!

[socrattt]

To all the other smart renters out there I thought I would share my story. I am currently moving out of my place in Coastal Carlsbad because the property owner is foreclosing. We looked just about everywhere for a nice place and even contemplated getting a short term rental to give us time to find something. Low and behold a few days ago I walked down the street and found a home closer to the beach (a stone’s throw), a nice yard for my dog and 2,000sqft of space. All this for a whopping $2,400/month.

Why would anyone want to buy in this market? Rents are retreating and the government is doing everything in their power to delay the inevitable. As frustrating as this is, it makes it a whole lot easier for us renters to keep renting. This has been the easiest decision of my life. I will sign lease after lease until prices fall back to reality.

The thought process of our government sort of makes sense to me. They have taken tax payers dollars in the form of a long term loan (to the RE market), hoping that they can delay the market to the next upward cycle and make their money back. In between all that garbage is a bunch of corrupt politicians and CEO’s living it up while the citizens wait for their IOU’s received from our government! The idea makes sense, the people behind it don’t.

Macro you are right and I have been saying the same thing for a long time. There will be another revolution in this country in order to fix the problem. Raising taxes and sending out IOU’s is not the answer. America has failed its citizens and week by week I wonder when the rage in the streets will begin. I think a tipping point of my frustration was the party by Northern Trust this last weekend. Didn’t we learn from AIG? What the hell is wrong with these people? We need to go back in time where the citizens are able to publicly ridicule these CEO’s. If this country wasn’t so liberal, I would say we need to stone some of these guys!

[Author]

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