[Chrispy]

Hey Mal Fred Flintstone,

Who said I voted for anyone? You’re still talking about politics – we are focused on real estate here!

Good point about typing too fast in the earlier post – I take a couple of seconds to read it over before hitting “send” or “post.” This has saved me from letting the world see things like prefect instead of perfect.

There’s a few blogs out there where you can’t post edits after the fact (luckily Piggington isn’t one of them) and we all know the sinking feeling you get when you “reply all” instead of “reply.”

[Chrispy]

Here’s one that crops up on The Housing Bubble Blog… “I would of done this, I should of done that….”

It’s would HAVE, should HAVE. “Of” is not a verb. I understand where this comes from – would’ve sounds like would of, but that is not sufficient reason to type it like that repeatedly!

Hey Malfred, lay off the political commentary and swear words!

[Chrispy]

Or, maybe they just got a black-bordered mortgage reset notice in the mail and thought, “Jeez, it may take until spring to sell this sucker, and I’m going to owe so much more then so I’d better raise my price now.”

Is anyone else getting sick of the way people that the price of a house should be equal to, or greater than, what they owe on it…. as if getting them out from under should matter as much to the buyer as it does to the seller?

[Chrispy]

The link to Jamie’s School Dinners was good info to share. I’m glad to see some constuctive advice on this topic – there are some people who say “well, there are so many fat kids these days, and there’s nothing I can do about it” and basically sit on their hands rather than take action.

What do the rest of you do to help your kids stay active and healthy? We always had meals together when I was growing up – my sister still does and her kids have no weight problems, but some parents think it’s OK to let junior eat whatever he wants in front of the TV, and then they are surprised when junior turns jumbo. They’re the ones who think it’s not “their” problem and would rather blame society than take responsibility.

Frighteningly similar to the toxic loan folk who would rather blame their mortgage broker than themselves for getting in over their heads.

[Chrispy]

Maybe they plan to reduce the price later – so they can say, “Price reduced by $75K!” and make it seem like a screaming deal.

[Chrispy]

Anybody have access to one of those 1-800-ASK-TROY billboards? You know, the 30-ish used car salesman turned loan officer whose face was plastered all over San Diego?

Yeah – I would trust him with my money. He looked like someone you’d pick up at the beach, not a banker.

[Chrispy]

Instead of Piggington: A Realtor’s Worst Nightmare… how about The Housing Industry’s Worst Nightmare?

Why should mortgage brokers, bankers, crooked appraisers, builders, etc be left out of the fun?

[Chrispy]

Here’s the acronyms I recently memorized that those “in the know” say:

FB (effed buyer)
GF (greater fool)
POS (piece of you-know-what)

“pull the trigger” means buying a house
getting a haircut… so-and-so blinked in XYZ community… it’s a whole ‘nother language!

[Chrispy]

Whatever rent you get, regardless of what or where you buy (condo – Santee, mansion – La Jolla) will most assuredly NOT cover your mortgage.

I don’t know your financial scenario but with that hefty salary you now earn, reduced child support, etc – it would seem eliminating expenses to increase your debt payment would be the way to go, as opposed to adding another crushing debt onto the credit cards. What else could you trim?

[Chrispy]

Nov 18 is good. I’ll be wearing my Housing Bubble t-shirt, and will be happy to get another Piggington shirt to wear on alternate days/open houses.

“Rich Keeps Us Rich”

[Chrispy]

I think Carlisle is trying to put some subliminal advertising in his posts, because my neighbor’s house is for sale and I saw him lower the price by $5K just while I was sitting here.

Did you say something about it getting worse even when it wasn’t getting worse, technically? Is that like the process where you keep getting drunker after you’ve stopped drinking? Darkest before the dawn? And so forth?

[Chrispy]

Good question (which means I don’t know the answer for sure) – but I think the government will reimburse up to a certain amount of rent, so most people look for rentals that match the government’s payment (which is minimal).

I used to sell ads for the Reader and some of the rental ads had Section 8 wording. They were, for the most part, in the low-income part of town. It takes two-three years to get approved for Section 8 housing on the part of the tenants – not an easy process. Only those who truly need it end up getting it. Most people find a job before their approval comes in and thus, are no longer eligible.

[Chrispy]

Can you imagine if a big lender, such as Bank of America, had ads that stated “5% Mortgage Loans for Catholics Only?” They’d have the ACLU on them in a heartbeat.

[Chrispy]

Section 8 is part of HUD – basically, low-income tenants get a subsidy from the government to cover their housing. When you advertise a rental as “section 8 OK” it means you are willing to do the paperwork necessary to get this thing rolling.

Lots of people will not take Section 8 tenants because of the low-income stigma, also because when the government gets involved, you know what happens. However, I have heard it is better to have a Section 8 tenant because you know you will get paid. Eventually.

[Chrispy]

Speaking of religion – a friend of mine recently got an email with the header, “Great Mortgage Interest Rates for Christians.”

Wow – guess I need not apply. I knew mortgage companies are desperate for business, but to appeal to someone’s religious beliefs? Sounds unethical if not illegal.

[Author]

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