FHA Mortgage Insurance Premiums may triple

[bearishgurl]

[quote=UCGal]Eavesdropper… we must be the same generation (the older-than-dirt generation.) I also moved out as soon as I could with low expectations of working plumbing… and also get disgusted seeing the house hunters episodes that imply double sinks and granite are “minimum” standards.

And I also spent my high school years listening to the Ramones… but here in San Diego. Gabba Gabba Hey![/quote]

If you guys are older than dirt, than I must be petrified wood.

Like eavesdropper,I got my own place when I was 18, a couple of mos. BEFORE my HS graduation.

My first (1br) apt. ($140 mo.) in Denver had avocado green shag carpeting with matching appls. and bean bag chairs with green striped wallpaper in the “Dining area” which matched my green/brown striped vinyl 5 pc. dinette perfectly! To complement my “decorating scheme” I had two black velvet posters in the living room with black (purple) light tubes shining on them, a giant orange-ball lamp on a chain hanging from the ceiling, two floor-to-ceiling beaded macrame plant hangers with “lush” spider plants in them made by my bestest friends. The only things of value in there were my two 3′ high JBL wood floor speakers, my Harmon Kardon reciever, my “Technics” strobe-lighted turntable and my extensive collection of LPs all showcased in a fabuloso plywood and cinder-block “entertainment center” assembled by me. The landlord let me paint the baseboards and moulding green, as well.

My first apt. in SD was a lg. studio with a brass Murphy bed and hot-water heat near Laurel St. It had a panoramic view of the bay and I-5, quonset huts, underbellies of jets, and SDGE incl. for $140 mo. Later, I rented a two-car “tandem” gar. on Albatross for $50 mo. Whenever a plane flew over our roof antenna, my TV screen would turn to “snow” – LOL! My building didn’t have access to “Mission Cable” at the time.

[DWCAP]

Just to add a few reasons, not really defenses, to my ‘slightly younger than dirt’ generations behavior.

1) I am guessing both eves. and UCGal are white. My mom talks about moving out of the house 2-3 days after HS, which was the first chance she got. It is definatly a cultural expectation, where as my GF (not white) ended up in a fight with her mom when she graduated from college because mom wanted her to move home. Same thing for two or three of my Latino friends. Different strokes for different folks one could say. Infact, a filipina co-worker couldnt get OUT of the house until she got married. Both families wouldnt have it. They are both 30 and just now getting married.

2) Income and job prospects for youth are dim and decreasing. HS dropouts use to be able to work flipping burgers or cleaning offices or whatever. But now there is a steady supply of HS grads looking for those jobs because their cashier jobs and such are being filled by college grads. Even the early 80’s recession didnt have the kind of labor stagnation that this one has. Unemployment under the age of 25 is like 20% right now. Itll only get worse too as all those kids hiding in unpaid internships or grad school start having to get real jobs.

3) Those shows only show the worst/dumbest/most watchable people. No one would watch the responsible 22 year old pulling up an excel file and figuring out ‘I will have to rent’. Every generation has its idiots, dont judge the whole one on the bad apples. You wouldnt judge every new mother on ‘octo-mom’ would you?

4) They are only doing what their baby-boomer parents taught them, and edged on by their ‘oh-so-trustworthy’ government/media. You can complain about their culture of expectations, but those expectations are older than they are.

[DWCAP]

Just to add a few reasons, not really defenses, to my ‘slightly younger than dirt’ generations behavior.

1) I am guessing both eves. and UCGal are white. My mom talks about moving out of the house 2-3 days after HS, which was the first chance she got. It is definatly a cultural expectation, where as my GF (not white) ended up in a fight with her mom when she graduated from college because mom wanted her to move home. Same thing for two or three of my Latino friends. Different strokes for different folks one could say. Infact, a filipina co-worker couldnt get OUT of the house until she got married. Both families wouldnt have it. They are both 30 and just now getting married.

2) Income and job prospects for youth are dim and decreasing. HS dropouts use to be able to work flipping burgers or cleaning offices or whatever. But now there is a steady supply of HS grads looking for those jobs because their cashier jobs and such are being filled by college grads. Even the early 80’s recession didnt have the kind of labor stagnation that this one has. Unemployment under the age of 25 is like 20% right now. Itll only get worse too as all those kids hiding in unpaid internships or grad school start having to get real jobs.

3) Those shows only show the worst/dumbest/most watchable people. No one would watch the responsible 22 year old pulling up an excel file and figuring out ‘I will have to rent’. Every generation has its idiots, dont judge the whole one on the bad apples. You wouldnt judge every new mother on ‘octo-mom’ would you?

4) They are only doing what their baby-boomer parents taught them, and edged on by their ‘oh-so-trustworthy’ government/media. You can complain about their culture of expectations, but those expectations are older than they are.

[DWCAP]

Just to add a few reasons, not really defenses, to my ‘slightly younger than dirt’ generations behavior.

1) I am guessing both eves. and UCGal are white. My mom talks about moving out of the house 2-3 days after HS, which was the first chance she got. It is definatly a cultural expectation, where as my GF (not white) ended up in a fight with her mom when she graduated from college because mom wanted her to move home. Same thing for two or three of my Latino friends. Different strokes for different folks one could say. Infact, a filipina co-worker couldnt get OUT of the house until she got married. Both families wouldnt have it. They are both 30 and just now getting married.

2) Income and job prospects for youth are dim and decreasing. HS dropouts use to be able to work flipping burgers or cleaning offices or whatever. But now there is a steady supply of HS grads looking for those jobs because their cashier jobs and such are being filled by college grads. Even the early 80’s recession didnt have the kind of labor stagnation that this one has. Unemployment under the age of 25 is like 20% right now. Itll only get worse too as all those kids hiding in unpaid internships or grad school start having to get real jobs.

3) Those shows only show the worst/dumbest/most watchable people. No one would watch the responsible 22 year old pulling up an excel file and figuring out ‘I will have to rent’. Every generation has its idiots, dont judge the whole one on the bad apples. You wouldnt judge every new mother on ‘octo-mom’ would you?

4) They are only doing what their baby-boomer parents taught them, and edged on by their ‘oh-so-trustworthy’ government/media. You can complain about their culture of expectations, but those expectations are older than they are.

[DWCAP]

Just to add a few reasons, not really defenses, to my ‘slightly younger than dirt’ generations behavior.

1) I am guessing both eves. and UCGal are white. My mom talks about moving out of the house 2-3 days after HS, which was the first chance she got. It is definatly a cultural expectation, where as my GF (not white) ended up in a fight with her mom when she graduated from college because mom wanted her to move home. Same thing for two or three of my Latino friends. Different strokes for different folks one could say. Infact, a filipina co-worker couldnt get OUT of the house until she got married. Both families wouldnt have it. They are both 30 and just now getting married.

2) Income and job prospects for youth are dim and decreasing. HS dropouts use to be able to work flipping burgers or cleaning offices or whatever. But now there is a steady supply of HS grads looking for those jobs because their cashier jobs and such are being filled by college grads. Even the early 80’s recession didnt have the kind of labor stagnation that this one has. Unemployment under the age of 25 is like 20% right now. Itll only get worse too as all those kids hiding in unpaid internships or grad school start having to get real jobs.

3) Those shows only show the worst/dumbest/most watchable people. No one would watch the responsible 22 year old pulling up an excel file and figuring out ‘I will have to rent’. Every generation has its idiots, dont judge the whole one on the bad apples. You wouldnt judge every new mother on ‘octo-mom’ would you?

4) They are only doing what their baby-boomer parents taught them, and edged on by their ‘oh-so-trustworthy’ government/media. You can complain about their culture of expectations, but those expectations are older than they are.

[DWCAP]

Just to add a few reasons, not really defenses, to my ‘slightly younger than dirt’ generations behavior.

1) I am guessing both eves. and UCGal are white. My mom talks about moving out of the house 2-3 days after HS, which was the first chance she got. It is definatly a cultural expectation, where as my GF (not white) ended up in a fight with her mom when she graduated from college because mom wanted her to move home. Same thing for two or three of my Latino friends. Different strokes for different folks one could say. Infact, a filipina co-worker couldnt get OUT of the house until she got married. Both families wouldnt have it. They are both 30 and just now getting married.

2) Income and job prospects for youth are dim and decreasing. HS dropouts use to be able to work flipping burgers or cleaning offices or whatever. But now there is a steady supply of HS grads looking for those jobs because their cashier jobs and such are being filled by college grads. Even the early 80’s recession didnt have the kind of labor stagnation that this one has. Unemployment under the age of 25 is like 20% right now. Itll only get worse too as all those kids hiding in unpaid internships or grad school start having to get real jobs.

3) Those shows only show the worst/dumbest/most watchable people. No one would watch the responsible 22 year old pulling up an excel file and figuring out ‘I will have to rent’. Every generation has its idiots, dont judge the whole one on the bad apples. You wouldnt judge every new mother on ‘octo-mom’ would you?

4) They are only doing what their baby-boomer parents taught them, and edged on by their ‘oh-so-trustworthy’ government/media. You can complain about their culture of expectations, but those expectations are older than they are.

[UCGal]

DWCAP – yes – I’m white… pasty white. But my parents were HORRIFIED when I moved out 2 weeks after my 18th birthday… mainly because I didn’t go straight to college. They put up roadblocks (didn’t let me take the bed and dresser from my parents house – I had to buy used stuff), but I was determined.

BG – LOL on the LPs displayed in the oh-so-stylish cinder block and board shelving system. I had that as the primary design element of my first studio. I got quite the deal on it – $125/month for a studio in this place… I swear I’m shocked it hasn’t slid off the cliff yet.
http://maps.google.com/maps?hl=en&q=3901+Witherby+Street,+San+Diego,+CA&um=1&ie=UTF-8&hq=&hnear=3901+Witherby+St,+San+Diego,+CA+92110&gl=us&ei=6OIXTKHJPJGUnQeArpCiCg&sa=X&oi=geocode_result&ct=title&resnum=1&ved=0CBMQ8gEwAA
(It’s not the upscale blocks of Witherby nice Mission Hills stock – it’s the dead end of W. California… then you look down and see a little 4-plex of studios perched half way down the cliff.)

Everytime I drive by on the freeway I laugh that the building is still there.

[UCGal]

DWCAP – yes – I’m white… pasty white. But my parents were HORRIFIED when I moved out 2 weeks after my 18th birthday… mainly because I didn’t go straight to college. They put up roadblocks (didn’t let me take the bed and dresser from my parents house – I had to buy used stuff), but I was determined.

BG – LOL on the LPs displayed in the oh-so-stylish cinder block and board shelving system. I had that as the primary design element of my first studio. I got quite the deal on it – $125/month for a studio in this place… I swear I’m shocked it hasn’t slid off the cliff yet.
http://maps.google.com/maps?hl=en&q=3901+Witherby+Street,+San+Diego,+CA&um=1&ie=UTF-8&hq=&hnear=3901+Witherby+St,+San+Diego,+CA+92110&gl=us&ei=6OIXTKHJPJGUnQeArpCiCg&sa=X&oi=geocode_result&ct=title&resnum=1&ved=0CBMQ8gEwAA
(It’s not the upscale blocks of Witherby nice Mission Hills stock – it’s the dead end of W. California… then you look down and see a little 4-plex of studios perched half way down the cliff.)

Everytime I drive by on the freeway I laugh that the building is still there.

[UCGal]

DWCAP – yes – I’m white… pasty white. But my parents were HORRIFIED when I moved out 2 weeks after my 18th birthday… mainly because I didn’t go straight to college. They put up roadblocks (didn’t let me take the bed and dresser from my parents house – I had to buy used stuff), but I was determined.

BG – LOL on the LPs displayed in the oh-so-stylish cinder block and board shelving system. I had that as the primary design element of my first studio. I got quite the deal on it – $125/month for a studio in this place… I swear I’m shocked it hasn’t slid off the cliff yet.
http://maps.google.com/maps?hl=en&q=3901+Witherby+Street,+San+Diego,+CA&um=1&ie=UTF-8&hq=&hnear=3901+Witherby+St,+San+Diego,+CA+92110&gl=us&ei=6OIXTKHJPJGUnQeArpCiCg&sa=X&oi=geocode_result&ct=title&resnum=1&ved=0CBMQ8gEwAA
(It’s not the upscale blocks of Witherby nice Mission Hills stock – it’s the dead end of W. California… then you look down and see a little 4-plex of studios perched half way down the cliff.)

Everytime I drive by on the freeway I laugh that the building is still there.

[UCGal]

DWCAP – yes – I’m white… pasty white. But my parents were HORRIFIED when I moved out 2 weeks after my 18th birthday… mainly because I didn’t go straight to college. They put up roadblocks (didn’t let me take the bed and dresser from my parents house – I had to buy used stuff), but I was determined.

BG – LOL on the LPs displayed in the oh-so-stylish cinder block and board shelving system. I had that as the primary design element of my first studio. I got quite the deal on it – $125/month for a studio in this place… I swear I’m shocked it hasn’t slid off the cliff yet.
http://maps.google.com/maps?hl=en&q=3901+Witherby+Street,+San+Diego,+CA&um=1&ie=UTF-8&hq=&hnear=3901+Witherby+St,+San+Diego,+CA+92110&gl=us&ei=6OIXTKHJPJGUnQeArpCiCg&sa=X&oi=geocode_result&ct=title&resnum=1&ved=0CBMQ8gEwAA
(It’s not the upscale blocks of Witherby nice Mission Hills stock – it’s the dead end of W. California… then you look down and see a little 4-plex of studios perched half way down the cliff.)

Everytime I drive by on the freeway I laugh that the building is still there.

[UCGal]

DWCAP – yes – I’m white… pasty white. But my parents were HORRIFIED when I moved out 2 weeks after my 18th birthday… mainly because I didn’t go straight to college. They put up roadblocks (didn’t let me take the bed and dresser from my parents house – I had to buy used stuff), but I was determined.

BG – LOL on the LPs displayed in the oh-so-stylish cinder block and board shelving system. I had that as the primary design element of my first studio. I got quite the deal on it – $125/month for a studio in this place… I swear I’m shocked it hasn’t slid off the cliff yet.
http://maps.google.com/maps?hl=en&q=3901+Witherby+Street,+San+Diego,+CA&um=1&ie=UTF-8&hq=&hnear=3901+Witherby+St,+San+Diego,+CA+92110&gl=us&ei=6OIXTKHJPJGUnQeArpCiCg&sa=X&oi=geocode_result&ct=title&resnum=1&ved=0CBMQ8gEwAA
(It’s not the upscale blocks of Witherby nice Mission Hills stock – it’s the dead end of W. California… then you look down and see a little 4-plex of studios perched half way down the cliff.)

Everytime I drive by on the freeway I laugh that the building is still there.

[DWCAP]

[quote=HLS]We aren’t dealing with too many people who think.
FHA is the new subprime. Without it, the houisng market would collapse.

We are dealing with a society that has an entitlement attitude and thinks that their civil rights are violated if they can’t get a mortgage.
Greed and foolishness is rampant. People think they are looked down upon if they are a renter.

The wise ones have been renters the last 5-6 years and have no money in the stock market. How UNAmerican is that ?

The recent move to “address risk” at FHA was if a credit score is below 580, you need 10% down. Above 580 3.50% down is still possible, and the seller can only contribute 3% of the sales price instead of 6%.
This is a very, very, sick situation.

http://portal.hud.gov/portal/page/portal/HUD/press/press_releases_media_advisories/2010/HUDNo.10-016%5B/quote%5D

FHA is a crock, and should be killed. But then again, F/F are failed institutions in the most obvious way possible, and yet they are bigger than ever. Economics isnt the name of the game, politics is. Until the taxpayer bills come due no one will have the balls to do the right thing.

And people are looked down upon as a renter. They dont think they are. Now, they are obviously doing the right thing, and have been born out by 2008-now, but the mentality hasnt changed. I still hear friends say dumb things like ‘throwing away money on rent’ all the time.

[DWCAP]

[quote=HLS]We aren’t dealing with too many people who think.
FHA is the new subprime. Without it, the houisng market would collapse.

We are dealing with a society that has an entitlement attitude and thinks that their civil rights are violated if they can’t get a mortgage.
Greed and foolishness is rampant. People think they are looked down upon if they are a renter.

The wise ones have been renters the last 5-6 years and have no money in the stock market. How UNAmerican is that ?

The recent move to “address risk” at FHA was if a credit score is below 580, you need 10% down. Above 580 3.50% down is still possible, and the seller can only contribute 3% of the sales price instead of 6%.
This is a very, very, sick situation.

http://portal.hud.gov/portal/page/portal/HUD/press/press_releases_media_advisories/2010/HUDNo.10-016%5B/quote%5D

FHA is a crock, and should be killed. But then again, F/F are failed institutions in the most obvious way possible, and yet they are bigger than ever. Economics isnt the name of the game, politics is. Until the taxpayer bills come due no one will have the balls to do the right thing.

And people are looked down upon as a renter. They dont think they are. Now, they are obviously doing the right thing, and have been born out by 2008-now, but the mentality hasnt changed. I still hear friends say dumb things like ‘throwing away money on rent’ all the time.

[DWCAP]

[quote=HLS]We aren’t dealing with too many people who think.
FHA is the new subprime. Without it, the houisng market would collapse.

We are dealing with a society that has an entitlement attitude and thinks that their civil rights are violated if they can’t get a mortgage.
Greed and foolishness is rampant. People think they are looked down upon if they are a renter.

The wise ones have been renters the last 5-6 years and have no money in the stock market. How UNAmerican is that ?

The recent move to “address risk” at FHA was if a credit score is below 580, you need 10% down. Above 580 3.50% down is still possible, and the seller can only contribute 3% of the sales price instead of 6%.
This is a very, very, sick situation.

http://portal.hud.gov/portal/page/portal/HUD/press/press_releases_media_advisories/2010/HUDNo.10-016%5B/quote%5D

FHA is a crock, and should be killed. But then again, F/F are failed institutions in the most obvious way possible, and yet they are bigger than ever. Economics isnt the name of the game, politics is. Until the taxpayer bills come due no one will have the balls to do the right thing.

And people are looked down upon as a renter. They dont think they are. Now, they are obviously doing the right thing, and have been born out by 2008-now, but the mentality hasnt changed. I still hear friends say dumb things like ‘throwing away money on rent’ all the time.

[DWCAP]

[quote=HLS]We aren’t dealing with too many people who think.
FHA is the new subprime. Without it, the houisng market would collapse.

We are dealing with a society that has an entitlement attitude and thinks that their civil rights are violated if they can’t get a mortgage.
Greed and foolishness is rampant. People think they are looked down upon if they are a renter.

The wise ones have been renters the last 5-6 years and have no money in the stock market. How UNAmerican is that ?

The recent move to “address risk” at FHA was if a credit score is below 580, you need 10% down. Above 580 3.50% down is still possible, and the seller can only contribute 3% of the sales price instead of 6%.
This is a very, very, sick situation.

http://portal.hud.gov/portal/page/portal/HUD/press/press_releases_media_advisories/2010/HUDNo.10-016%5B/quote%5D

FHA is a crock, and should be killed. But then again, F/F are failed institutions in the most obvious way possible, and yet they are bigger than ever. Economics isnt the name of the game, politics is. Until the taxpayer bills come due no one will have the balls to do the right thing.

And people are looked down upon as a renter. They dont think they are. Now, they are obviously doing the right thing, and have been born out by 2008-now, but the mentality hasnt changed. I still hear friends say dumb things like ‘throwing away money on rent’ all the time.

[Author]

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