[cabal]

A borrower who got a 3/5/7 yr fixed loan say in 2005 probably has a rate around 5.5%. Most of these loans are tied to the 1 yr treasury, which is about 0.5% today. The typical margin is 2.5%. If their fix rate were to convert to a fully adjustable loan today, it would be a nice xmas present as their rate would actually adjust down from 5.5% to 3%. The same is true for option arm loans which are tied to the MTA index currently around 2% resulting in a rate of 4.5% assuming 2.5% margin. The option arm loans allow for 4 payment options each month. Option 1 is neg amortization with 7.5% annual cap. Most people I know with these loans pay option 2, or interest only in order to keep principal in check. Option 3 & 4 are traditional 15 and 30 yr fully amortized payments.

We are in a deflationary period for the forseeable future. My guess is that the feds are not going to raise the rate for at least 1 yr, and then very slowly. Therefore the 2nd wave of loan resets to start in 2010 will ironically result in less defaults.

[cabal]

This is the 2nd time the builders of Avaron have drastically slashed prices. The first time was a few years ago, when all of Jube Wright was for sale, with prices starting just below 1.2M. They surprisingly offered the same price reductions to folks in escrow, probably to avoid lawsuits. One issue with this development is that homeowners in the Crosbys have full access through the gate to reach their residences, whereas Avaron owners do not have access to the Crosbys gate to reach Del Dios. It’s very busy and a huge negative if you live near the main road. The best McMansion deals in this area are in Santa Fe Valley – Bel Etage, Savenna, and Salviati developments, located 1/2 mi to the east. These homes are 4000+ sq ft, gated, highly upgraded, fully landscaped, generally have larger lots, and fully finished. You can tack on another 200K to finish landscapng and upgrading a new Avaron home.

[cabal]

This is the 2nd time the builders of Avaron have drastically slashed prices. The first time was a few years ago, when all of Jube Wright was for sale, with prices starting just below 1.2M. They surprisingly offered the same price reductions to folks in escrow, probably to avoid lawsuits. One issue with this development is that homeowners in the Crosbys have full access through the gate to reach their residences, whereas Avaron owners do not have access to the Crosbys gate to reach Del Dios. It’s very busy and a huge negative if you live near the main road. The best McMansion deals in this area are in Santa Fe Valley – Bel Etage, Savenna, and Salviati developments, located 1/2 mi to the east. These homes are 4000+ sq ft, gated, highly upgraded, fully landscaped, generally have larger lots, and fully finished. You can tack on another 200K to finish landscapng and upgrading a new Avaron home.

[cabal]

This is the 2nd time the builders of Avaron have drastically slashed prices. The first time was a few years ago, when all of Jube Wright was for sale, with prices starting just below 1.2M. They surprisingly offered the same price reductions to folks in escrow, probably to avoid lawsuits. One issue with this development is that homeowners in the Crosbys have full access through the gate to reach their residences, whereas Avaron owners do not have access to the Crosbys gate to reach Del Dios. It’s very busy and a huge negative if you live near the main road. The best McMansion deals in this area are in Santa Fe Valley – Bel Etage, Savenna, and Salviati developments, located 1/2 mi to the east. These homes are 4000+ sq ft, gated, highly upgraded, fully landscaped, generally have larger lots, and fully finished. You can tack on another 200K to finish landscapng and upgrading a new Avaron home.

[cabal]

This is the 2nd time the builders of Avaron have drastically slashed prices. The first time was a few years ago, when all of Jube Wright was for sale, with prices starting just below 1.2M. They surprisingly offered the same price reductions to folks in escrow, probably to avoid lawsuits. One issue with this development is that homeowners in the Crosbys have full access through the gate to reach their residences, whereas Avaron owners do not have access to the Crosbys gate to reach Del Dios. It’s very busy and a huge negative if you live near the main road. The best McMansion deals in this area are in Santa Fe Valley – Bel Etage, Savenna, and Salviati developments, located 1/2 mi to the east. These homes are 4000+ sq ft, gated, highly upgraded, fully landscaped, generally have larger lots, and fully finished. You can tack on another 200K to finish landscapng and upgrading a new Avaron home.

[cabal]

This is the 2nd time the builders of Avaron have drastically slashed prices. The first time was a few years ago, when all of Jube Wright was for sale, with prices starting just below 1.2M. They surprisingly offered the same price reductions to folks in escrow, probably to avoid lawsuits. One issue with this development is that homeowners in the Crosbys have full access through the gate to reach their residences, whereas Avaron owners do not have access to the Crosbys gate to reach Del Dios. It’s very busy and a huge negative if you live near the main road. The best McMansion deals in this area are in Santa Fe Valley – Bel Etage, Savenna, and Salviati developments, located 1/2 mi to the east. These homes are 4000+ sq ft, gated, highly upgraded, fully landscaped, generally have larger lots, and fully finished. You can tack on another 200K to finish landscapng and upgrading a new Avaron home.

[cabal]

The perception of discrimination or lack of friendlness is not limit to renters. We live in a gated community with no renters where average home values hover well over 1M even today. I submit the following alternative possibilities.

(1) They are very busy people. A large number of my neighbors own their business or hold upper management positions. This typically requires 60+ hours workweek that sometimes include weekends. They are tired and simply lack the energy to cultivate new friends. Any downtime is usually spent with existing friends or family. We feel this way sometimes.

(2) Some are networkers always looking to build their up social capital and invest with any friends (or neighbors) whom they perceive to have liquidity. We’ve been approached at least 4 times in the 1st year of living here to participate in some type of (business or real estate) investment. Based on previous experiences, our rule is to never never invest with friends or family because if it fails, bad feelings develop and family relationships and friendships are ruined forever. We just tell everyone we have no money to invest and they have all slowly gone away. They are still cordial, but nowhere near as friendly as they use to be. As a renter, you are no doubt perceived to be unable to help them build their empire.

(3) The gossip mill runeth over spewing venom. Send your wife to the neighborhood Bunco meeting and have her recon the topics of discussion. She will probably report back that the alpha hens cackle endlessly about every other neighbor with topics ranging from boob jobs to your unsightly landscape design. My wife stopped attending after a few of these events, and now she is perceived as unsocial. The same applies to meeting new neighbors in that she is guarded until she has a sense of your discretion or ability to control gossip.

[cabal]

The perception of discrimination or lack of friendlness is not limit to renters. We live in a gated community with no renters where average home values hover well over 1M even today. I submit the following alternative possibilities.

(1) They are very busy people. A large number of my neighbors own their business or hold upper management positions. This typically requires 60+ hours workweek that sometimes include weekends. They are tired and simply lack the energy to cultivate new friends. Any downtime is usually spent with existing friends or family. We feel this way sometimes.

(2) Some are networkers always looking to build their up social capital and invest with any friends (or neighbors) whom they perceive to have liquidity. We’ve been approached at least 4 times in the 1st year of living here to participate in some type of (business or real estate) investment. Based on previous experiences, our rule is to never never invest with friends or family because if it fails, bad feelings develop and family relationships and friendships are ruined forever. We just tell everyone we have no money to invest and they have all slowly gone away. They are still cordial, but nowhere near as friendly as they use to be. As a renter, you are no doubt perceived to be unable to help them build their empire.

(3) The gossip mill runeth over spewing venom. Send your wife to the neighborhood Bunco meeting and have her recon the topics of discussion. She will probably report back that the alpha hens cackle endlessly about every other neighbor with topics ranging from boob jobs to your unsightly landscape design. My wife stopped attending after a few of these events, and now she is perceived as unsocial. The same applies to meeting new neighbors in that she is guarded until she has a sense of your discretion or ability to control gossip.

[cabal]

The perception of discrimination or lack of friendlness is not limit to renters. We live in a gated community with no renters where average home values hover well over 1M even today. I submit the following alternative possibilities.

(1) They are very busy people. A large number of my neighbors own their business or hold upper management positions. This typically requires 60+ hours workweek that sometimes include weekends. They are tired and simply lack the energy to cultivate new friends. Any downtime is usually spent with existing friends or family. We feel this way sometimes.

(2) Some are networkers always looking to build their up social capital and invest with any friends (or neighbors) whom they perceive to have liquidity. We’ve been approached at least 4 times in the 1st year of living here to participate in some type of (business or real estate) investment. Based on previous experiences, our rule is to never never invest with friends or family because if it fails, bad feelings develop and family relationships and friendships are ruined forever. We just tell everyone we have no money to invest and they have all slowly gone away. They are still cordial, but nowhere near as friendly as they use to be. As a renter, you are no doubt perceived to be unable to help them build their empire.

(3) The gossip mill runeth over spewing venom. Send your wife to the neighborhood Bunco meeting and have her recon the topics of discussion. She will probably report back that the alpha hens cackle endlessly about every other neighbor with topics ranging from boob jobs to your unsightly landscape design. My wife stopped attending after a few of these events, and now she is perceived as unsocial. The same applies to meeting new neighbors in that she is guarded until she has a sense of your discretion or ability to control gossip.

[cabal]

The perception of discrimination or lack of friendlness is not limit to renters. We live in a gated community with no renters where average home values hover well over 1M even today. I submit the following alternative possibilities.

(1) They are very busy people. A large number of my neighbors own their business or hold upper management positions. This typically requires 60+ hours workweek that sometimes include weekends. They are tired and simply lack the energy to cultivate new friends. Any downtime is usually spent with existing friends or family. We feel this way sometimes.

(2) Some are networkers always looking to build their up social capital and invest with any friends (or neighbors) whom they perceive to have liquidity. We’ve been approached at least 4 times in the 1st year of living here to participate in some type of (business or real estate) investment. Based on previous experiences, our rule is to never never invest with friends or family because if it fails, bad feelings develop and family relationships and friendships are ruined forever. We just tell everyone we have no money to invest and they have all slowly gone away. They are still cordial, but nowhere near as friendly as they use to be. As a renter, you are no doubt perceived to be unable to help them build their empire.

(3) The gossip mill runeth over spewing venom. Send your wife to the neighborhood Bunco meeting and have her recon the topics of discussion. She will probably report back that the alpha hens cackle endlessly about every other neighbor with topics ranging from boob jobs to your unsightly landscape design. My wife stopped attending after a few of these events, and now she is perceived as unsocial. The same applies to meeting new neighbors in that she is guarded until she has a sense of your discretion or ability to control gossip.

[cabal]

The perception of discrimination or lack of friendlness is not limit to renters. We live in a gated community with no renters where average home values hover well over 1M even today. I submit the following alternative possibilities.

(1) They are very busy people. A large number of my neighbors own their business or hold upper management positions. This typically requires 60+ hours workweek that sometimes include weekends. They are tired and simply lack the energy to cultivate new friends. Any downtime is usually spent with existing friends or family. We feel this way sometimes.

(2) Some are networkers always looking to build their up social capital and invest with any friends (or neighbors) whom they perceive to have liquidity. We’ve been approached at least 4 times in the 1st year of living here to participate in some type of (business or real estate) investment. Based on previous experiences, our rule is to never never invest with friends or family because if it fails, bad feelings develop and family relationships and friendships are ruined forever. We just tell everyone we have no money to invest and they have all slowly gone away. They are still cordial, but nowhere near as friendly as they use to be. As a renter, you are no doubt perceived to be unable to help them build their empire.

(3) The gossip mill runeth over spewing venom. Send your wife to the neighborhood Bunco meeting and have her recon the topics of discussion. She will probably report back that the alpha hens cackle endlessly about every other neighbor with topics ranging from boob jobs to your unsightly landscape design. My wife stopped attending after a few of these events, and now she is perceived as unsocial. The same applies to meeting new neighbors in that she is guarded until she has a sense of your discretion or ability to control gossip.

[cabal]

HUCHABEE,
First, you choose a philosophical subject like Intelligent Design and attempt to take credit for it via Christianity as if the two are mutually inclusive. Frustrated by the many thoughtful and compelling responses, you abandon that post and initiated this post with a provocative misleading title certainly unbecoming of a Christian. You’re own link is about deaths associated with Communism, not secular society in general. Then you select a few more odd topics and once again applied the same ridiculous arguments. I almost fell out of my chair reading this quote on your inner city example “By removing Christianity from the schools and the teaching of traditional moral virtues…” Without getting into a protracted response, I’ll just say this – Are you so arrogsnt that you can’t simply admit that good moral people can develop in the absence of Christianity ? No offense, but I find it hard to believe that you are an attorney as your presentation and arguments are intrinsically flawed.

[cabal]

HUCHABEE,
First, you choose a philosophical subject like Intelligent Design and attempt to take credit for it via Christianity as if the two are mutually inclusive. Frustrated by the many thoughtful and compelling responses, you abandon that post and initiated this post with a provocative misleading title certainly unbecoming of a Christian. You’re own link is about deaths associated with Communism, not secular society in general. Then you select a few more odd topics and once again applied the same ridiculous arguments. I almost fell out of my chair reading this quote on your inner city example “By removing Christianity from the schools and the teaching of traditional moral virtues…” Without getting into a protracted response, I’ll just say this – Are you so arrogsnt that you can’t simply admit that good moral people can develop in the absence of Christianity ? No offense, but I find it hard to believe that you are an attorney as your presentation and arguments are intrinsically flawed.

[cabal]

HUCHABEE,
First, you choose a philosophical subject like Intelligent Design and attempt to take credit for it via Christianity as if the two are mutually inclusive. Frustrated by the many thoughtful and compelling responses, you abandon that post and initiated this post with a provocative misleading title certainly unbecoming of a Christian. You’re own link is about deaths associated with Communism, not secular society in general. Then you select a few more odd topics and once again applied the same ridiculous arguments. I almost fell out of my chair reading this quote on your inner city example “By removing Christianity from the schools and the teaching of traditional moral virtues…” Without getting into a protracted response, I’ll just say this – Are you so arrogsnt that you can’t simply admit that good moral people can develop in the absence of Christianity ? No offense, but I find it hard to believe that you are an attorney as your presentation and arguments are intrinsically flawed.

[cabal]

HUCHABEE,
First, you choose a philosophical subject like Intelligent Design and attempt to take credit for it via Christianity as if the two are mutually inclusive. Frustrated by the many thoughtful and compelling responses, you abandon that post and initiated this post with a provocative misleading title certainly unbecoming of a Christian. You’re own link is about deaths associated with Communism, not secular society in general. Then you select a few more odd topics and once again applied the same ridiculous arguments. I almost fell out of my chair reading this quote on your inner city example “By removing Christianity from the schools and the teaching of traditional moral virtues…” Without getting into a protracted response, I’ll just say this – Are you so arrogsnt that you can’t simply admit that good moral people can develop in the absence of Christianity ? No offense, but I find it hard to believe that you are an attorney as your presentation and arguments are intrinsically flawed.

[Author]

Posts