How much further will the SD market go down.

[(former)FormerSanDiegan]

So let me get this straight, you are now advocating the use of high ltv loans as affordibility products again???? Is that not what got the market into the mess it is right now?

Actually, these products were available in the mid-90’s bottom as well. It was not unusual for first-time buyers to purchase with 5% down. It simply required full documentation, conservative debt ratios and payment of PMI. That’s what I did.

It was not high LTV products that caused the problem. It was the complete disregard to assessing risk and requiring documentation of income and assets.

I believe that for many first-time buyers, that sometime in the next 2, 3 or 4 years it will make perfect sense again for them to purchase with 5% down, assuming conservative DTI ratios and real jobs.

[JWM in SD]

“It simply required full documentation, conservative debt ratios and payment of PMI. That’s what I did.”

Uh, no kidding. What part of “affordibility products” don’t you understand? You know, as in, I can’t afford the house if I go “full doc”.

“I believe that for many first-time buyers, that sometime in the next 2, 3 or 4 years it will make perfect sense again for them to purchase with 5% down, assuming conservative DTI ratios and real jobs”

I’m not even going to touch this one. LMFAO……

[JWM in SD]

“It simply required full documentation, conservative debt ratios and payment of PMI. That’s what I did.”

Uh, no kidding. What part of “affordibility products” don’t you understand? You know, as in, I can’t afford the house if I go “full doc”.

“I believe that for many first-time buyers, that sometime in the next 2, 3 or 4 years it will make perfect sense again for them to purchase with 5% down, assuming conservative DTI ratios and real jobs”

I’m not even going to touch this one. LMFAO……

[JWM in SD]

“It simply required full documentation, conservative debt ratios and payment of PMI. That’s what I did.”

Uh, no kidding. What part of “affordibility products” don’t you understand? You know, as in, I can’t afford the house if I go “full doc”.

“I believe that for many first-time buyers, that sometime in the next 2, 3 or 4 years it will make perfect sense again for them to purchase with 5% down, assuming conservative DTI ratios and real jobs”

I’m not even going to touch this one. LMFAO……

[JWM in SD]

“It simply required full documentation, conservative debt ratios and payment of PMI. That’s what I did.”

Uh, no kidding. What part of “affordibility products” don’t you understand? You know, as in, I can’t afford the house if I go “full doc”.

“I believe that for many first-time buyers, that sometime in the next 2, 3 or 4 years it will make perfect sense again for them to purchase with 5% down, assuming conservative DTI ratios and real jobs”

I’m not even going to touch this one. LMFAO……

[JWM in SD]

“It simply required full documentation, conservative debt ratios and payment of PMI. That’s what I did.”

Uh, no kidding. What part of “affordibility products” don’t you understand? You know, as in, I can’t afford the house if I go “full doc”.

“I believe that for many first-time buyers, that sometime in the next 2, 3 or 4 years it will make perfect sense again for them to purchase with 5% down, assuming conservative DTI ratios and real jobs”

I’m not even going to touch this one. LMFAO……

[Anonymous]

Wow. this thread has helped me in so many ways! A few weeks ago i was looking at the Kensington plan 3 and the special tax was ridiculous. i guess i would have to wait 1 more year or so to purchase a house in 4’s ranch, del sur, or around that area.

[Anonymous]

Wow. this thread has helped me in so many ways! A few weeks ago i was looking at the Kensington plan 3 and the special tax was ridiculous. i guess i would have to wait 1 more year or so to purchase a house in 4’s ranch, del sur, or around that area.

[Anonymous]

Wow. this thread has helped me in so many ways! A few weeks ago i was looking at the Kensington plan 3 and the special tax was ridiculous. i guess i would have to wait 1 more year or so to purchase a house in 4’s ranch, del sur, or around that area.

[Anonymous]

Wow. this thread has helped me in so many ways! A few weeks ago i was looking at the Kensington plan 3 and the special tax was ridiculous. i guess i would have to wait 1 more year or so to purchase a house in 4’s ranch, del sur, or around that area.

[Anonymous]

Wow. this thread has helped me in so many ways! A few weeks ago i was looking at the Kensington plan 3 and the special tax was ridiculous. i guess i would have to wait 1 more year or so to purchase a house in 4’s ranch, del sur, or around that area.

[ibjames]

I understand what you are saying Rustico, that you can find deals in markets like this by poking and prodding and getting prices you would not think is possible due to sellers just looking for a way to get out. They see the writing on the wall..

What I’m saying is that if you don’t find one of those deals, it isn’t the right time to buy in most areas.

I am finding myself hoping that some areas fall harder than people thought they would and I end up buying something I didn’t think I would be able to buy in the first place.

If I was hipmatt, who is in Temecula, I would be poking all over the place to see if I could find a deal, since the prices are so close to making sense there

[ibjames]

I understand what you are saying Rustico, that you can find deals in markets like this by poking and prodding and getting prices you would not think is possible due to sellers just looking for a way to get out. They see the writing on the wall..

What I’m saying is that if you don’t find one of those deals, it isn’t the right time to buy in most areas.

I am finding myself hoping that some areas fall harder than people thought they would and I end up buying something I didn’t think I would be able to buy in the first place.

If I was hipmatt, who is in Temecula, I would be poking all over the place to see if I could find a deal, since the prices are so close to making sense there

[ibjames]

I understand what you are saying Rustico, that you can find deals in markets like this by poking and prodding and getting prices you would not think is possible due to sellers just looking for a way to get out. They see the writing on the wall..

What I’m saying is that if you don’t find one of those deals, it isn’t the right time to buy in most areas.

I am finding myself hoping that some areas fall harder than people thought they would and I end up buying something I didn’t think I would be able to buy in the first place.

If I was hipmatt, who is in Temecula, I would be poking all over the place to see if I could find a deal, since the prices are so close to making sense there

[ibjames]

I understand what you are saying Rustico, that you can find deals in markets like this by poking and prodding and getting prices you would not think is possible due to sellers just looking for a way to get out. They see the writing on the wall..

What I’m saying is that if you don’t find one of those deals, it isn’t the right time to buy in most areas.

I am finding myself hoping that some areas fall harder than people thought they would and I end up buying something I didn’t think I would be able to buy in the first place.

If I was hipmatt, who is in Temecula, I would be poking all over the place to see if I could find a deal, since the prices are so close to making sense there

[Author]

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