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bsrsharma
Participant“its still very high.”
I happily paid 7.625% on a conforming loan for 7 years. For how many years in last 40 years was this cheaper than 7%? I think people have become addicted to low rates. Time to kick the habit. That will promote savings over consumption.
ParticipantThe most humane way to shrink the monster bubble to a raisin is to take away the bottle of large cheap mortgages. When anyone who wants to buy a half mil $ property HAS to bring half mil $ cash, rationality will be quickly restored.
rb_engineer: What is the special treatment for Alaska/Hawaii and why?
ParticipantThe most humane way to shrink the monster bubble to a raisin is to take away the bottle of large cheap mortgages. When anyone who wants to buy a half mil $ property HAS to bring half mil $ cash, rationality will be quickly restored.
rb_engineer: What is the special treatment for Alaska/Hawaii and why?
ParticipantI am learning new things here! That day it was clear glass shower, here it is Granite countertop in the bathroom. Interesting new fashions.
Kaycee, Doesn’t the Navy help out in relocation related real estate transactions? After all, a sailor without home selling worries should be more attractive to them when you are engineering large ships in unfriendly waters!
ParticipantI am learning new things here! That day it was clear glass shower, here it is Granite countertop in the bathroom. Interesting new fashions.
Kaycee, Doesn’t the Navy help out in relocation related real estate transactions? After all, a sailor without home selling worries should be more attractive to them when you are engineering large ships in unfriendly waters!
ParticipantThis is a magical moment. See how fast home prices will “limbo dance” below that limit. Good news for many aspiring Piggingtonians! When one can’t get a mortgage above 417K, that market essentially dies for all except cash buyers.
ParticipantThis is a magical moment. See how fast home prices will “limbo dance” below that limit. Good news for many aspiring Piggingtonians! When one can’t get a mortgage above 417K, that market essentially dies for all except cash buyers.
ParticipantThis is a letter to editor in San Jose Mercury:
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Cultural shift could be good for kidsConcerning Eddie Garcia’s column: I know it won’t be easy for our society to cope with the children of immigrants, as they grow up in households where hard work and sacrifice are the norm and paychecks are often sent to needy relatives. It’s this kind of stuff that could cause an unexpected cultural shift that would undermine traditional American values, which guide your children through their formative years of text-messaging, shopping and developing critical brand loyalties.
After all, kids in the United States know where their self-worth comes from, and it’s not from some cheap cell phone. Nope. It’s from the more expensive iPhone, the one that costs $700!
Ross Gomez Jr.
Morgan Hill
——————————————————ParticipantThis is a letter to editor in San Jose Mercury:
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Cultural shift could be good for kidsConcerning Eddie Garcia’s column: I know it won’t be easy for our society to cope with the children of immigrants, as they grow up in households where hard work and sacrifice are the norm and paychecks are often sent to needy relatives. It’s this kind of stuff that could cause an unexpected cultural shift that would undermine traditional American values, which guide your children through their formative years of text-messaging, shopping and developing critical brand loyalties.
After all, kids in the United States know where their self-worth comes from, and it’s not from some cheap cell phone. Nope. It’s from the more expensive iPhone, the one that costs $700!
Ross Gomez Jr.
Morgan Hill
——————————————————Participant“parents are now facing financial difficulties”
From “diamond bracelets with platinum engraving” to “financial difficulties” must be one hard fall for a lot of these folks. It is sickening to see the financial stupidity that has engulfed such a large section of the middle (and not so middle) classes that is supposed to be the backbone of the nation.
Participant“parents are now facing financial difficulties”
From “diamond bracelets with platinum engraving” to “financial difficulties” must be one hard fall for a lot of these folks. It is sickening to see the financial stupidity that has engulfed such a large section of the middle (and not so middle) classes that is supposed to be the backbone of the nation.
Participant“signs of conspicuous consumption were everywhere”
Is this mostly using HELOC? If they bought these homes recently, there wouldn’d be much equity to borrow, isn’t it? Or, are these HELOCs from long back bought homes – at least there may be some “real” wealth to splurge on. But how do they plan on repaying, unless they plan on selling the homes?
Participant“signs of conspicuous consumption were everywhere”
Is this mostly using HELOC? If they bought these homes recently, there wouldn’d be much equity to borrow, isn’t it? Or, are these HELOCs from long back bought homes – at least there may be some “real” wealth to splurge on. But how do they plan on repaying, unless they plan on selling the homes?
Participant“Don’t worry, your husband will get a raise every year, so you will do just fine with the adjustable mortgage if it does go up.”
If this is indicative of the financial literacy of people buying half-million+ $ homes, I don’t think even God can save this bubble economy!
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