What ARE the fundamentals?

[DWCAP]

One more question FSD (or anyone in the know),

How many of those adjustable rate morgages had a low teaser rate? I know that was the first thing blamed when subprime hit. So I then ask, did this same low teaser rate also happen in Joe Alt-A’s loan? Did his interest rate go from 2% to 6%? Plugging that into a payment calculator, a 400’000 loan goes from 1190 to 1920. That is a big reset, even if the new rate is actually a good rate overall. To someone who is overextended and without any real savings at all (average american savings rate is negative) $700 a month can be a killer.

[Eugene]

if it is a screaming deal, jump on it.

My family is too big for that place, I need at least 4 bedrooms. My point is that we’re not as out of whack with fundamendals as people think. With these ultra-low interest rates, unless there’s an economic depression in San Diego, by the summer we might see some sort of stabilization at the low end.

If I had to guess, this guy is sucker fishing. Maybe he has SS appliances and berber carpet and is trying to get a luxery premium.

It’s an apartment complex. Monarch took their second phase of condos and started leasing them. So they have a whole lot of those $2200/month condos.

[Eugene]

if it is a screaming deal, jump on it.

My family is too big for that place, I need at least 4 bedrooms. My point is that we’re not as out of whack with fundamendals as people think. With these ultra-low interest rates, unless there’s an economic depression in San Diego, by the summer we might see some sort of stabilization at the low end.

If I had to guess, this guy is sucker fishing. Maybe he has SS appliances and berber carpet and is trying to get a luxery premium.

It’s an apartment complex. Monarch took their second phase of condos and started leasing them. So they have a whole lot of those $2200/month condos.

[Eugene]

if it is a screaming deal, jump on it.

My family is too big for that place, I need at least 4 bedrooms. My point is that we’re not as out of whack with fundamendals as people think. With these ultra-low interest rates, unless there’s an economic depression in San Diego, by the summer we might see some sort of stabilization at the low end.

If I had to guess, this guy is sucker fishing. Maybe he has SS appliances and berber carpet and is trying to get a luxery premium.

It’s an apartment complex. Monarch took their second phase of condos and started leasing them. So they have a whole lot of those $2200/month condos.

[Eugene]

if it is a screaming deal, jump on it.

My family is too big for that place, I need at least 4 bedrooms. My point is that we’re not as out of whack with fundamendals as people think. With these ultra-low interest rates, unless there’s an economic depression in San Diego, by the summer we might see some sort of stabilization at the low end.

If I had to guess, this guy is sucker fishing. Maybe he has SS appliances and berber carpet and is trying to get a luxery premium.

It’s an apartment complex. Monarch took their second phase of condos and started leasing them. So they have a whole lot of those $2200/month condos.

[Eugene]

if it is a screaming deal, jump on it.

My family is too big for that place, I need at least 4 bedrooms. My point is that we’re not as out of whack with fundamendals as people think. With these ultra-low interest rates, unless there’s an economic depression in San Diego, by the summer we might see some sort of stabilization at the low end.

If I had to guess, this guy is sucker fishing. Maybe he has SS appliances and berber carpet and is trying to get a luxery premium.

It’s an apartment complex. Monarch took their second phase of condos and started leasing them. So they have a whole lot of those $2200/month condos.

[barnaby33]

How many of those adjustable rate morgages had a low teaser rate? I

Without answering your question, let me one up you. Who would have taken out an adjustable without a teaser rate? Interest rates were at multi-generational lows. That screams fixed rate, so in order to steer people to adjustables the teaser was used.

Josh

[barnaby33]

How many of those adjustable rate morgages had a low teaser rate? I

Without answering your question, let me one up you. Who would have taken out an adjustable without a teaser rate? Interest rates were at multi-generational lows. That screams fixed rate, so in order to steer people to adjustables the teaser was used.

Josh

[barnaby33]

How many of those adjustable rate morgages had a low teaser rate? I

Without answering your question, let me one up you. Who would have taken out an adjustable without a teaser rate? Interest rates were at multi-generational lows. That screams fixed rate, so in order to steer people to adjustables the teaser was used.

Josh

[barnaby33]

How many of those adjustable rate morgages had a low teaser rate? I

Without answering your question, let me one up you. Who would have taken out an adjustable without a teaser rate? Interest rates were at multi-generational lows. That screams fixed rate, so in order to steer people to adjustables the teaser was used.

Josh

[barnaby33]

How many of those adjustable rate morgages had a low teaser rate? I

Without answering your question, let me one up you. Who would have taken out an adjustable without a teaser rate? Interest rates were at multi-generational lows. That screams fixed rate, so in order to steer people to adjustables the teaser was used.

Josh

[drunkle]

i suspect the only way people could afford to buy at 04-07 inflated levels was with the use of neg am type teaser type poke me in the brown eye with a sharp stick type loans. throw in the “guarantee” of increasing home prices, the promise of easy refinancing and you end up with “the highest rate of homeownership in history”.

these records, this data has got to be out there somewhere.

[drunkle]

i suspect the only way people could afford to buy at 04-07 inflated levels was with the use of neg am type teaser type poke me in the brown eye with a sharp stick type loans. throw in the “guarantee” of increasing home prices, the promise of easy refinancing and you end up with “the highest rate of homeownership in history”.

these records, this data has got to be out there somewhere.

[drunkle]

i suspect the only way people could afford to buy at 04-07 inflated levels was with the use of neg am type teaser type poke me in the brown eye with a sharp stick type loans. throw in the “guarantee” of increasing home prices, the promise of easy refinancing and you end up with “the highest rate of homeownership in history”.

these records, this data has got to be out there somewhere.

[drunkle]

i suspect the only way people could afford to buy at 04-07 inflated levels was with the use of neg am type teaser type poke me in the brown eye with a sharp stick type loans. throw in the “guarantee” of increasing home prices, the promise of easy refinancing and you end up with “the highest rate of homeownership in history”.

these records, this data has got to be out there somewhere.

[Author]

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