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AK
ParticipantPerhaps fewer people can qualify for financing … but I’d argue that of the people who qualify, more of them can afford a house.
BTW, thanks for the back-of-the-envelope analysis of a 10/1 IO ARM you did a few months back. I ran the numbers in detail and found out the payments will nearly triple if the 1-year LIBOR goes back to anything near historical norms!
ParticipantPerhaps fewer people can qualify for financing … but I’d argue that of the people who qualify, more of them can afford a house.
BTW, thanks for the back-of-the-envelope analysis of a 10/1 IO ARM you did a few months back. I ran the numbers in detail and found out the payments will nearly triple if the 1-year LIBOR goes back to anything near historical norms!
ParticipantPerhaps fewer people can qualify for financing … but I’d argue that of the people who qualify, more of them can afford a house.
BTW, thanks for the back-of-the-envelope analysis of a 10/1 IO ARM you did a few months back. I ran the numbers in detail and found out the payments will nearly triple if the 1-year LIBOR goes back to anything near historical norms!
ParticipantPerhaps fewer people can qualify for financing … but I’d argue that of the people who qualify, more of them can afford a house.
BTW, thanks for the back-of-the-envelope analysis of a 10/1 IO ARM you did a few months back. I ran the numbers in detail and found out the payments will nearly triple if the 1-year LIBOR goes back to anything near historical norms!
ParticipantPerhaps fewer people can qualify for financing … but I’d argue that of the people who qualify, more of them can afford a house.
BTW, thanks for the back-of-the-envelope analysis of a 10/1 IO ARM you did a few months back. I ran the numbers in detail and found out the payments will nearly triple if the 1-year LIBOR goes back to anything near historical norms!
Participant[quote=bsrsharma]Sorry, I was not clear. My argument is REO’s are obviously one sided contracts and have to be recognized for what they are. Hence, it only makes sense if you get at least 30% advantage over a more equitable contract. My main argument was the value of “As Is” with “defects” clause. That should be considered like buying a used car with no warranties compared to a new car.[/quote]
Sorry for the sharp response bsrsharma, I was a bit frazzled earlier 🙂
Not that I think there’s much of a difference … most sellers these days have no assets to sue over.
Participant[quote=bsrsharma]Sorry, I was not clear. My argument is REO’s are obviously one sided contracts and have to be recognized for what they are. Hence, it only makes sense if you get at least 30% advantage over a more equitable contract. My main argument was the value of “As Is” with “defects” clause. That should be considered like buying a used car with no warranties compared to a new car.[/quote]
Sorry for the sharp response bsrsharma, I was a bit frazzled earlier 🙂
Not that I think there’s much of a difference … most sellers these days have no assets to sue over.
Participant[quote=bsrsharma]Sorry, I was not clear. My argument is REO’s are obviously one sided contracts and have to be recognized for what they are. Hence, it only makes sense if you get at least 30% advantage over a more equitable contract. My main argument was the value of “As Is” with “defects” clause. That should be considered like buying a used car with no warranties compared to a new car.[/quote]
Sorry for the sharp response bsrsharma, I was a bit frazzled earlier 🙂
Not that I think there’s much of a difference … most sellers these days have no assets to sue over.
Participant[quote=bsrsharma]Sorry, I was not clear. My argument is REO’s are obviously one sided contracts and have to be recognized for what they are. Hence, it only makes sense if you get at least 30% advantage over a more equitable contract. My main argument was the value of “As Is” with “defects” clause. That should be considered like buying a used car with no warranties compared to a new car.[/quote]
Sorry for the sharp response bsrsharma, I was a bit frazzled earlier 🙂
Not that I think there’s much of a difference … most sellers these days have no assets to sue over.
Participant[quote=bsrsharma]Sorry, I was not clear. My argument is REO’s are obviously one sided contracts and have to be recognized for what they are. Hence, it only makes sense if you get at least 30% advantage over a more equitable contract. My main argument was the value of “As Is” with “defects” clause. That should be considered like buying a used car with no warranties compared to a new car.[/quote]
Sorry for the sharp response bsrsharma, I was a bit frazzled earlier 🙂
Not that I think there’s much of a difference … most sellers these days have no assets to sue over.
August 8, 2009 at 2:42 PM in reply to: Have you ever considered installing artificial grass? #442488ParticipantIn many developments it’s against the HOA rules … and in some cities (notably in Orange Frickin’ County) artificial turf is illegal. Drought or no drought.
August 8, 2009 at 2:42 PM in reply to: Have you ever considered installing artificial grass? #442684ParticipantIn many developments it’s against the HOA rules … and in some cities (notably in Orange Frickin’ County) artificial turf is illegal. Drought or no drought.
August 8, 2009 at 2:42 PM in reply to: Have you ever considered installing artificial grass? #443021ParticipantIn many developments it’s against the HOA rules … and in some cities (notably in Orange Frickin’ County) artificial turf is illegal. Drought or no drought.
August 8, 2009 at 2:42 PM in reply to: Have you ever considered installing artificial grass? #443090ParticipantIn many developments it’s against the HOA rules … and in some cities (notably in Orange Frickin’ County) artificial turf is illegal. Drought or no drought.
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