Oh my… Countrywide just set new rates (effective tomorrow)…

[stop_the_bubble_hype]

Perry and Bugs,

I appreciate your comments and the fact that you responded to the topic of the post. You are the only 2 to actually comment on what was posted.

Bugs, I don’t disagree that sales are falling and that this will be a horrible year for sales, price declines and that rising interest rates will be a catalyst.

What I take issue with is someone throwing out a comment and people jumping all over it before investigating validity. It does not take long for anyone to realize the tenor of the comments here and to drive the spirit with comments that may not be true. I just happened to be able to speak on the topic yesterday, but I wonder how many more pieces of information are being tossed around that just may not be the truth.

Perry, agreed that qualifying is 9/10ths of the story. I was able to use points to buy-down the rate and our high credit score helped, but keep in mind it’s still a reduced doc loan which by all accounts should be through the roof now.

Again, I appreciate watching the dialogue on this board and find most to be knowledgable — however, be careful to not just take what’s thrown out here as truth.

Perry, I’ll check out OC’s site.

Hype

[lendingbubblecontinues]

“Again, I appreciate watching the dialogue on this board and find most to be knowledgable — however, be careful to not just take what’s thrown out here as truth.”

Thanks for the concern there, but don’t you think most of us who have been coming here for a long time already ARE “careful not to take” just anything “as truth”?

C’mon….let’s be real here…you wanted someone to stomp all over your idea to buy real estate now so that you can further validate your decision to do so. “After all”, you might say to yourself, “those guys are just a bunch of bitter renters who are sour grapes”, right? Right?

Look at your “handle” for crying out loud…”stop the bubble hype”?!?!?! Are you really denying that there may have been more than just “hype” about a bubble? Was there a bubble or not??? Seriously, what’s your answer?

[lendingbubblecontinues]

“Again, I appreciate watching the dialogue on this board and find most to be knowledgable — however, be careful to not just take what’s thrown out here as truth.”

Thanks for the concern there, but don’t you think most of us who have been coming here for a long time already ARE “careful not to take” just anything “as truth”?

C’mon….let’s be real here…you wanted someone to stomp all over your idea to buy real estate now so that you can further validate your decision to do so. “After all”, you might say to yourself, “those guys are just a bunch of bitter renters who are sour grapes”, right? Right?

Look at your “handle” for crying out loud…”stop the bubble hype”?!?!?! Are you really denying that there may have been more than just “hype” about a bubble? Was there a bubble or not??? Seriously, what’s your answer?

[lendingbubblecontinues]

“Again, I appreciate watching the dialogue on this board and find most to be knowledgable — however, be careful to not just take what’s thrown out here as truth.”

Thanks for the concern there, but don’t you think most of us who have been coming here for a long time already ARE “careful not to take” just anything “as truth”?

C’mon….let’s be real here…you wanted someone to stomp all over your idea to buy real estate now so that you can further validate your decision to do so. “After all”, you might say to yourself, “those guys are just a bunch of bitter renters who are sour grapes”, right? Right?

Look at your “handle” for crying out loud…”stop the bubble hype”?!?!?! Are you really denying that there may have been more than just “hype” about a bubble? Was there a bubble or not??? Seriously, what’s your answer?

[Bugs]

Hype,

I can appreciate the “bring data” comments because it does serve to keep us honest. I know the reason I didn’t initially respond was twofold: it does take time, and I wasn’t operating off of what someone else here said to begin with; I had seen references in other news accounts.

I’m assuming that several other posters also had outside references that they trusted, which may explain why they didn’t jump in themselves.

[Bugs]

Hype,

I can appreciate the “bring data” comments because it does serve to keep us honest. I know the reason I didn’t initially respond was twofold: it does take time, and I wasn’t operating off of what someone else here said to begin with; I had seen references in other news accounts.

I’m assuming that several other posters also had outside references that they trusted, which may explain why they didn’t jump in themselves.

[Bugs]

Hype,

I can appreciate the “bring data” comments because it does serve to keep us honest. I know the reason I didn’t initially respond was twofold: it does take time, and I wasn’t operating off of what someone else here said to begin with; I had seen references in other news accounts.

I’m assuming that several other posters also had outside references that they trusted, which may explain why they didn’t jump in themselves.

[Author]

Posts