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equalizer.
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February 19, 2008 at 2:54 PM #156018February 19, 2008 at 2:54 PM #156093
Eugene
ParticipantActually, the earth is still geologically active, volcanoes still do erupt and create new islands. “They” are still making land, in fact.
Just imagine a volcano erupting in the downtown area and creating a new island there.
February 19, 2008 at 3:36 PM #155734JC
ParticipantJust to be clear, I wasn’t quibbling about whether homes are more affordable now. I had issues with what they considered to be affordable with the annual income noted in the article.
By the way, my “flawed” calc was due to the fact that I used a traditional 30 year mortgage calc with 10% down.
It’s just my opiniont, but I think telling people that this is affordable is pretty terrible. It does not seem to take normal expenses or any of the fun financial suprises that people have into account.
It seems ridiculous to most of us on this board, but there are a lot of people that trust realtors to help them understand what they can afford. Of course, I guess that is pretty apparent these days….
February 19, 2008 at 3:36 PM #156016ParticipantJust to be clear, I wasn’t quibbling about whether homes are more affordable now. I had issues with what they considered to be affordable with the annual income noted in the article.
By the way, my “flawed” calc was due to the fact that I used a traditional 30 year mortgage calc with 10% down.
It’s just my opiniont, but I think telling people that this is affordable is pretty terrible. It does not seem to take normal expenses or any of the fun financial suprises that people have into account.
It seems ridiculous to most of us on this board, but there are a lot of people that trust realtors to help them understand what they can afford. Of course, I guess that is pretty apparent these days….
February 19, 2008 at 3:36 PM #156024ParticipantJust to be clear, I wasn’t quibbling about whether homes are more affordable now. I had issues with what they considered to be affordable with the annual income noted in the article.
By the way, my “flawed” calc was due to the fact that I used a traditional 30 year mortgage calc with 10% down.
It’s just my opiniont, but I think telling people that this is affordable is pretty terrible. It does not seem to take normal expenses or any of the fun financial suprises that people have into account.
It seems ridiculous to most of us on this board, but there are a lot of people that trust realtors to help them understand what they can afford. Of course, I guess that is pretty apparent these days….
February 19, 2008 at 3:36 PM #156037ParticipantJust to be clear, I wasn’t quibbling about whether homes are more affordable now. I had issues with what they considered to be affordable with the annual income noted in the article.
By the way, my “flawed” calc was due to the fact that I used a traditional 30 year mortgage calc with 10% down.
It’s just my opiniont, but I think telling people that this is affordable is pretty terrible. It does not seem to take normal expenses or any of the fun financial suprises that people have into account.
It seems ridiculous to most of us on this board, but there are a lot of people that trust realtors to help them understand what they can afford. Of course, I guess that is pretty apparent these days….
February 19, 2008 at 3:36 PM #156111ParticipantJust to be clear, I wasn’t quibbling about whether homes are more affordable now. I had issues with what they considered to be affordable with the annual income noted in the article.
By the way, my “flawed” calc was due to the fact that I used a traditional 30 year mortgage calc with 10% down.
It’s just my opiniont, but I think telling people that this is affordable is pretty terrible. It does not seem to take normal expenses or any of the fun financial suprises that people have into account.
It seems ridiculous to most of us on this board, but there are a lot of people that trust realtors to help them understand what they can afford. Of course, I guess that is pretty apparent these days….
February 19, 2008 at 4:01 PM #155749DWCAP
Participant“Funny, when I read the article I didn’t get any of these messages from it. By any metric homes are more affordable by the mere fact that prices have dropped by 20% or more in some cases.”
I got that pro-spin message. It is one of those support articles that they will then cite in an oped piece or someother RE promo as evidence to buy now.
There is a positive tone to this piece because they word it as 33% of households can afford an entry level house, and then cite the improvement over last year. Anyone could turn it around and give it a negative tone, saying 67% of household in CA CANT afford an entry level house, even if 80% couldnt last year. Id like to see that come out the the CAR mouthpiece some month (and not have it liked to a plea for a Gov bailout).BTW, does this take into account all CA housholds? I mean, my parents could afford an entry level home in CA today, they could afford 5,(infact they own 4, plus the very non entry level house they live in) not that they are in the market.
How is it a healthy market or an improving market when the only people who could play are the ones who dont want to?
February 19, 2008 at 4:01 PM #156031Participant“Funny, when I read the article I didn’t get any of these messages from it. By any metric homes are more affordable by the mere fact that prices have dropped by 20% or more in some cases.”
I got that pro-spin message. It is one of those support articles that they will then cite in an oped piece or someother RE promo as evidence to buy now.
There is a positive tone to this piece because they word it as 33% of households can afford an entry level house, and then cite the improvement over last year. Anyone could turn it around and give it a negative tone, saying 67% of household in CA CANT afford an entry level house, even if 80% couldnt last year. Id like to see that come out the the CAR mouthpiece some month (and not have it liked to a plea for a Gov bailout).BTW, does this take into account all CA housholds? I mean, my parents could afford an entry level home in CA today, they could afford 5,(infact they own 4, plus the very non entry level house they live in) not that they are in the market.
How is it a healthy market or an improving market when the only people who could play are the ones who dont want to?
February 19, 2008 at 4:01 PM #156039Participant“Funny, when I read the article I didn’t get any of these messages from it. By any metric homes are more affordable by the mere fact that prices have dropped by 20% or more in some cases.”
I got that pro-spin message. It is one of those support articles that they will then cite in an oped piece or someother RE promo as evidence to buy now.
There is a positive tone to this piece because they word it as 33% of households can afford an entry level house, and then cite the improvement over last year. Anyone could turn it around and give it a negative tone, saying 67% of household in CA CANT afford an entry level house, even if 80% couldnt last year. Id like to see that come out the the CAR mouthpiece some month (and not have it liked to a plea for a Gov bailout).BTW, does this take into account all CA housholds? I mean, my parents could afford an entry level home in CA today, they could afford 5,(infact they own 4, plus the very non entry level house they live in) not that they are in the market.
How is it a healthy market or an improving market when the only people who could play are the ones who dont want to?
February 19, 2008 at 4:01 PM #156052Participant“Funny, when I read the article I didn’t get any of these messages from it. By any metric homes are more affordable by the mere fact that prices have dropped by 20% or more in some cases.”
I got that pro-spin message. It is one of those support articles that they will then cite in an oped piece or someother RE promo as evidence to buy now.
There is a positive tone to this piece because they word it as 33% of households can afford an entry level house, and then cite the improvement over last year. Anyone could turn it around and give it a negative tone, saying 67% of household in CA CANT afford an entry level house, even if 80% couldnt last year. Id like to see that come out the the CAR mouthpiece some month (and not have it liked to a plea for a Gov bailout).BTW, does this take into account all CA housholds? I mean, my parents could afford an entry level home in CA today, they could afford 5,(infact they own 4, plus the very non entry level house they live in) not that they are in the market.
How is it a healthy market or an improving market when the only people who could play are the ones who dont want to?
February 19, 2008 at 4:01 PM #156130Participant“Funny, when I read the article I didn’t get any of these messages from it. By any metric homes are more affordable by the mere fact that prices have dropped by 20% or more in some cases.”
I got that pro-spin message. It is one of those support articles that they will then cite in an oped piece or someother RE promo as evidence to buy now.
There is a positive tone to this piece because they word it as 33% of households can afford an entry level house, and then cite the improvement over last year. Anyone could turn it around and give it a negative tone, saying 67% of household in CA CANT afford an entry level house, even if 80% couldnt last year. Id like to see that come out the the CAR mouthpiece some month (and not have it liked to a plea for a Gov bailout).BTW, does this take into account all CA housholds? I mean, my parents could afford an entry level home in CA today, they could afford 5,(infact they own 4, plus the very non entry level house they live in) not that they are in the market.
How is it a healthy market or an improving market when the only people who could play are the ones who dont want to?
February 19, 2008 at 4:02 PM #155754Nor-LA-SD-guy
ParticipantI think there is a Volcano starting where they have been having all those earthquakes in Baja (next to the border) last two weeks or so.
February 19, 2008 at 4:02 PM #156036ParticipantI think there is a Volcano starting where they have been having all those earthquakes in Baja (next to the border) last two weeks or so.
February 19, 2008 at 4:02 PM #156044ParticipantI think there is a Volcano starting where they have been having all those earthquakes in Baja (next to the border) last two weeks or so.
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