[Coronita]

Let's work this out. First of all, you're going to have a hard time getting a non-conforming loan from here on out. That sets a maximum loan amount of $417K. Let's say your dream 4S ranch house costs $600K. That means you'll need to pony up $183K for a down payment. Okay, let's run some numbers:

 

Ok… I'm probably going to be the first to say this that's going against the grain. I keep seeing a lot of folks post something like "it's going to be hard to get a jumbo loan. Jumbo loans are going to vanish. etc.etc.etc." Pardon the this viewpoint, but aren't we just drinking the "doom and gloom" kool-aid that also portrayed in the media too much???

Yes, secondary markets are going to contract, but do we really expect that well doc'ed, good income, with sufficient down are really going to have "problems" finding financing beyond paying higher interest rates from a historic low? I don't think it's a question of finding financing. It a question of how much interest can the buyer afford.

Borat, I’m failing to see the math your posting here. You’re quoting rates from a jumbo, but you’re running the downpayment based on what it would take to do a conforming.
Don’t think conformings are at 7.5% Plus, there are other variables not being considered. That 186k earning 5% is also subject to income tax, among many others. Plus where are the costs for rent. From a purchase perspective, you’re missing property tax, insurance, mello-ruse, etc.

[Coronita]

Bugs, I've noticed the builders are more inclined to give upgrades and closing costs (only if you use their lender) rather than a price reduction. Are they trying to prop the value or is it because the upgrades don't really cost them that much because of the mark up and using their lender isn't always the best deal, tricksies or holding up the comps?

 

I think it's more like the don't want to piss off a bunch a previous buyers that purchased at a higher price. That way, officially, the purchase price of new buyers is effectively "similiar". Who keep tracks of the costs of the upgrades after the sale, outside of the buyer? Also, from property tax perspective, new buyers pay the same as old ones.

 It also saves face, and creates an illusion that the home prices are holding value. This is important, especially if you want to attract more new buyers. Who wants to buy, when you see the comps in the community going, down, and down. So pad the upgrades, and you can claim prices have been holding steady or even rising slightly.

 

 

Why someone would choose upgrades versus a price reduction when it comes to property taxes, I don't know. But I guess builders aren't willing to budge on prices (yet).

[Coronita]

Bugs, I've noticed the builders are more inclined to give upgrades and closing costs (only if you use their lender) rather than a price reduction. Are they trying to prop the value or is it because the upgrades don't really cost them that much because of the mark up and using their lender isn't always the best deal, tricksies or holding up the comps?

 

I think it's more like the don't want to piss off a bunch a previous buyers that purchased at a higher price. That way, officially, the purchase price of new buyers is effectively "similiar". Who keep tracks of the costs of the upgrades after the sale, outside of the buyer? Also, from property tax perspective, new buyers pay the same as old ones.

 It also saves face, and creates an illusion that the home prices are holding value. This is important, especially if you want to attract more new buyers. Who wants to buy, when you see the comps in the community going, down, and down. So pad the upgrades, and you can claim prices have been holding steady or even rising slightly.

 

 

Why someone would choose upgrades versus a price reduction when it comes to property taxes, I don't know. But I guess builders aren't willing to budge on prices (yet).

[Coronita]

Bugs, I've noticed the builders are more inclined to give upgrades and closing costs (only if you use their lender) rather than a price reduction. Are they trying to prop the value or is it because the upgrades don't really cost them that much because of the mark up and using their lender isn't always the best deal, tricksies or holding up the comps?

 

I think it's more like the don't want to piss off a bunch a previous buyers that purchased at a higher price. That way, officially, the purchase price of new buyers is effectively "similiar". Who keep tracks of the costs of the upgrades after the sale, outside of the buyer? Also, from property tax perspective, new buyers pay the same as old ones.

 It also saves face, and creates an illusion that the home prices are holding value. This is important, especially if you want to attract more new buyers. Who wants to buy, when you see the comps in the community going, down, and down. So pad the upgrades, and you can claim prices have been holding steady or even rising slightly.

 

 

Why someone would choose upgrades versus a price reduction when it comes to property taxes, I don't know. But I guess builders aren't willing to budge on prices (yet).

[Coronita]

FLU after she bailed out I sent her email letting her know politely that if there is anything I could do to help her out to sell her home to let me know. She responded back asking me for a recommendation. I told her that my first recommendation would be to price the home at what I suggested when we first spoke over the phone before she listed which was in the mid 400's if she was really wanting to sell. She sent me an email telling me I had no idea how nice her home was, that it was by far the most elegant home in the complex and that the market would be far better next year. She said that I do a disservice to sellers by trying to get people to just dump their homes for nothing and that my estimates for sale were below all of the other professionals she spoke to and to make sure I never solicit her again! re the 3/3… I take it you mean 12627. It is an REO and it is priced at 549k. It used to be at 589k. It is still active on the market. (if this is the one you meant)

 SD R,

Sorry to hear that. I have a suggestion. If you haven't responded to fish-tank lady, how about (politely) showing the comps that have been there. I don't get what is soo much nicer about her unit than other 2/2s.

3 bed units are going for what she is asking for.

 

As far as the short sale unit. No, I meant MLS#076022906 that went pending (it was a short sale).Talked about it here:

http://piggington.com/looks_like_some_of_the_carmel_valley_condo_crackheads_are_starti

12627 was a bank owned (i know) .And it was 589k.Wow, didn't know the price was dropped to 549.

 I'm guessing well be seeing the low 5's soon. Just for kicks, I might talk to the listing agent at 12627 and see if the bank would be interested at $450k. Maybe bank needs to rid inventory??? 🙂

 

[Coronita]

FLU after she bailed out I sent her email letting her know politely that if there is anything I could do to help her out to sell her home to let me know. She responded back asking me for a recommendation. I told her that my first recommendation would be to price the home at what I suggested when we first spoke over the phone before she listed which was in the mid 400's if she was really wanting to sell. She sent me an email telling me I had no idea how nice her home was, that it was by far the most elegant home in the complex and that the market would be far better next year. She said that I do a disservice to sellers by trying to get people to just dump their homes for nothing and that my estimates for sale were below all of the other professionals she spoke to and to make sure I never solicit her again! re the 3/3… I take it you mean 12627. It is an REO and it is priced at 549k. It used to be at 589k. It is still active on the market. (if this is the one you meant)

 SD R,

Sorry to hear that. I have a suggestion. If you haven't responded to fish-tank lady, how about (politely) showing the comps that have been there. I don't get what is soo much nicer about her unit than other 2/2s.

3 bed units are going for what she is asking for.

 

As far as the short sale unit. No, I meant MLS#076022906 that went pending (it was a short sale).Talked about it here:

http://piggington.com/looks_like_some_of_the_carmel_valley_condo_crackheads_are_starti

12627 was a bank owned (i know) .And it was 589k.Wow, didn't know the price was dropped to 549.

 I'm guessing well be seeing the low 5's soon. Just for kicks, I might talk to the listing agent at 12627 and see if the bank would be interested at $450k. Maybe bank needs to rid inventory??? 🙂

 

[Coronita]

FLU after she bailed out I sent her email letting her know politely that if there is anything I could do to help her out to sell her home to let me know. She responded back asking me for a recommendation. I told her that my first recommendation would be to price the home at what I suggested when we first spoke over the phone before she listed which was in the mid 400's if she was really wanting to sell. She sent me an email telling me I had no idea how nice her home was, that it was by far the most elegant home in the complex and that the market would be far better next year. She said that I do a disservice to sellers by trying to get people to just dump their homes for nothing and that my estimates for sale were below all of the other professionals she spoke to and to make sure I never solicit her again! re the 3/3… I take it you mean 12627. It is an REO and it is priced at 549k. It used to be at 589k. It is still active on the market. (if this is the one you meant)

 SD R,

Sorry to hear that. I have a suggestion. If you haven't responded to fish-tank lady, how about (politely) showing the comps that have been there. I don't get what is soo much nicer about her unit than other 2/2s.

3 bed units are going for what she is asking for.

 

As far as the short sale unit. No, I meant MLS#076022906 that went pending (it was a short sale).Talked about it here:

http://piggington.com/looks_like_some_of_the_carmel_valley_condo_crackheads_are_starti

12627 was a bank owned (i know) .And it was 589k.Wow, didn't know the price was dropped to 549.

 I'm guessing well be seeing the low 5's soon. Just for kicks, I might talk to the listing agent at 12627 and see if the bank would be interested at $450k. Maybe bank needs to rid inventory??? 🙂

 

[Coronita]

The problem with full electrics are that assuming your power source is from fossil fuel, they are a net loss from an environmental perspective. Too much energy is lost in getting the power from the plant to the batteries. Not to mention, those cells have a finite cycle life and can't be recycled, as far as I know.

 

I would say that there are probably alternatives to generating electric that are cleaner. Hydroelectric, wind, solar etc. Plus i would also say nuclear to electric.

However, I would agree that disposal of the Li-Ion batteries are going to be an issue. I'm not sure if this is really better for the environment. Less dependent on foreign oil, possibly. Better for the environment. Not sure.

However, I'm not a big fan of hybrids. I don't think the fuel savings are worth it.

 

If I had the money, I'd seriously consider a tesla roadster. Aside from no gas, the torque curve of this car is amazing. Essentially a flat torque from 0-6000 rpm. Instant "on" the moment you step on the gas (uh I mean accelerator). This will eat just about any sports car alive.

http://www.teslamotors.com/performance/acceleration_and_torque.php Lotus is building this roadster for tesla. So the quality should be decent.

 

Unfortunately, $100k is just too steep. I hope tesla builds a sedan thats more "affordable". I believe the mentioned the possibility of a sedan in the future for about $50k. However, I doubt this company will last. There's already some management changes going on, and Im not sure if their really going to penetrate this market even with a $50k sedan.

There are other alternatives. GM is apparently working on something called the Chevy Volt.

Details are here.

http://www.autoblog.com/2007/08/15/gm-may-lease-chevy-volt-batteries/

 

http://en.wikipedia.org/wiki/Chevrolet_Volt

Car will start at $30k, but battery not included (seriously).
GM is considering letting the customer "lease" the battery.

In general, if you are interested in green(er) vehicles, autobloggreen has a wealth of information on what is going on. (no I'm not advertising for them, just a car nut).

 

[Coronita]

The problem with full electrics are that assuming your power source is from fossil fuel, they are a net loss from an environmental perspective. Too much energy is lost in getting the power from the plant to the batteries. Not to mention, those cells have a finite cycle life and can't be recycled, as far as I know.

 

I would say that there are probably alternatives to generating electric that are cleaner. Hydroelectric, wind, solar etc. Plus i would also say nuclear to electric.

However, I would agree that disposal of the Li-Ion batteries are going to be an issue. I'm not sure if this is really better for the environment. Less dependent on foreign oil, possibly. Better for the environment. Not sure.

However, I'm not a big fan of hybrids. I don't think the fuel savings are worth it.

 

If I had the money, I'd seriously consider a tesla roadster. Aside from no gas, the torque curve of this car is amazing. Essentially a flat torque from 0-6000 rpm. Instant "on" the moment you step on the gas (uh I mean accelerator). This will eat just about any sports car alive.

http://www.teslamotors.com/performance/acceleration_and_torque.php Lotus is building this roadster for tesla. So the quality should be decent.

 

Unfortunately, $100k is just too steep. I hope tesla builds a sedan thats more "affordable". I believe the mentioned the possibility of a sedan in the future for about $50k. However, I doubt this company will last. There's already some management changes going on, and Im not sure if their really going to penetrate this market even with a $50k sedan.

There are other alternatives. GM is apparently working on something called the Chevy Volt.

Details are here.

http://www.autoblog.com/2007/08/15/gm-may-lease-chevy-volt-batteries/

 

http://en.wikipedia.org/wiki/Chevrolet_Volt

Car will start at $30k, but battery not included (seriously).
GM is considering letting the customer "lease" the battery.

In general, if you are interested in green(er) vehicles, autobloggreen has a wealth of information on what is going on. (no I'm not advertising for them, just a car nut).

 

[Coronita]

The problem with full electrics are that assuming your power source is from fossil fuel, they are a net loss from an environmental perspective. Too much energy is lost in getting the power from the plant to the batteries. Not to mention, those cells have a finite cycle life and can't be recycled, as far as I know.

 

I would say that there are probably alternatives to generating electric that are cleaner. Hydroelectric, wind, solar etc. Plus i would also say nuclear to electric.

However, I would agree that disposal of the Li-Ion batteries are going to be an issue. I'm not sure if this is really better for the environment. Less dependent on foreign oil, possibly. Better for the environment. Not sure.

However, I'm not a big fan of hybrids. I don't think the fuel savings are worth it.

 

If I had the money, I'd seriously consider a tesla roadster. Aside from no gas, the torque curve of this car is amazing. Essentially a flat torque from 0-6000 rpm. Instant "on" the moment you step on the gas (uh I mean accelerator). This will eat just about any sports car alive.

http://www.teslamotors.com/performance/acceleration_and_torque.php Lotus is building this roadster for tesla. So the quality should be decent.

 

Unfortunately, $100k is just too steep. I hope tesla builds a sedan thats more "affordable". I believe the mentioned the possibility of a sedan in the future for about $50k. However, I doubt this company will last. There's already some management changes going on, and Im not sure if their really going to penetrate this market even with a $50k sedan.

There are other alternatives. GM is apparently working on something called the Chevy Volt.

Details are here.

http://www.autoblog.com/2007/08/15/gm-may-lease-chevy-volt-batteries/

 

http://en.wikipedia.org/wiki/Chevrolet_Volt

Car will start at $30k, but battery not included (seriously).
GM is considering letting the customer "lease" the battery.

In general, if you are interested in green(er) vehicles, autobloggreen has a wealth of information on what is going on. (no I'm not advertising for them, just a car nut).

 

[Coronita]

I would buy one of these today if they were available. http://www.flytheroad.com/ Might even consider getting a place out in Alpine and commuting to the coast when I need too, would be fun!

 

This one is what I want http://www.teslamotors.com/ It exists, unfortunately, just slightly out of my price range 🙂 Guess though I wouldn't be participating in any endurance race.

50% deposit guarentees you the to be on the next 1000 batch.
http://www.teslamotors.com/buy/buyPage1.php

[Coronita]

I would buy one of these today if they were available. http://www.flytheroad.com/ Might even consider getting a place out in Alpine and commuting to the coast when I need too, would be fun!

 

This one is what I want http://www.teslamotors.com/ It exists, unfortunately, just slightly out of my price range 🙂 Guess though I wouldn't be participating in any endurance race.

50% deposit guarentees you the to be on the next 1000 batch.
http://www.teslamotors.com/buy/buyPage1.php

[Coronita]

I would buy one of these today if they were available. http://www.flytheroad.com/ Might even consider getting a place out in Alpine and commuting to the coast when I need too, would be fun!

 

This one is what I want http://www.teslamotors.com/ It exists, unfortunately, just slightly out of my price range 🙂 Guess though I wouldn't be participating in any endurance race.

50% deposit guarentees you the to be on the next 1000 batch.
http://www.teslamotors.com/buy/buyPage1.php

[Coronita]

What did the nasty-gram say? She wasn’t serious about selling her 2/2 at her price was she?

Speaking of which, do you know what happened to that 3/3 short sell? Is it still pending?

[Coronita]

What did the nasty-gram say? She wasn’t serious about selling her 2/2 at her price was she?

Speaking of which, do you know what happened to that 3/3 short sell? Is it still pending?

[Author]

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