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CoronitaParticipant[quote=scaredyclassic]I am the mean.
You are the median.
Let us average out our differences.
A new mode.[/quote]Real estate cost in San Diego is so brutal, I’m living 2 standard deviations above my means.
CoronitaParticipant[quote=scaredyclassic]Someone somewhere
Leads an average life
In the average house
With the average wife.Drinks an average beer
Eats average food
Watches average shows
With his average brood.But there’s only 1 of him.[/quote]
Not me man.
I live in a way below average home in 92130 in the “Slums of Carmel Valley”
I can no longer afford Beverly Mira Mesa in today’s prices. Those pesky tech workers with much deeper pockets.
CoronitaParticipantSan Diego County:
Conforming loans – up to $647,200.
Super Conforming loans – between $647,201 and $879,750.
Jumbo loans – Over $879,750For the rest of CA:
[quote]
Some of the high-cost areas of California include:Alameda – $970,800
Contra Costa – $970,800
El Dorado – $675,050
Los Angeles – $970,800
Marin – $970,800
Monterey – $854,450
Napa – $897,000
Orange – $970,800
Placer – $675,050
Sacramento – $675,050
San Benito – $970,800
San Diego – $879,750
San Francisco – $970,800
San Luis Obispo – $805,000
San Mateo – $970,800
Santa Barbara – $783,150
Santa Clara – $970,800
Santa Cruz – $970,800
Solano – $647,200
Sonoma – $764,750
Ventura – $851,000
Yolo – $675,050
[/quote]Riverside is $647k
CoronitaParticipantI think the other angle is people just simply move into a different loan product for example 10/1 arms. This might seem like a bad product but is it? For example I took out a 30 year loan originally refinanced 30-year a few times and then refinance to a 15 year at the end of it I paid off my loan in 10 years. 10/1 probably would have been okay for me, might have been better
CoronitaParticipant[quote=limkotir]The Buy, Borrow and Die wealth planning strategy?:
https://www.youtube.com/watch?v=8pBPZMUcsh0%5B/quote%5DUh. Anyone can do this actually. Anyone with a home, even a primary home, can always borrow against the equity. It’s what people do with it that matters.
Lot’s of people in this country borrow against their equity and burn through it on worthless things.
CoronitaParticipant[quote=The-Shoveler][quote=Coronita]https://www.youtube.com/watch?v=BH5-rSxilxo[/quote]
LOL I love that commercial, but that said I would not touch crypto or nft’s with a 10 foot pole.
IMO one day most everyone will wake up and say,
“this is just a bunch of numbers in a computer with nothing to back it up”
Same for digital RE IMHO.[/quote]
I agree.
CoronitaParticipant[quote=deadzone][quote=sdrealtor] real estate is for pros[/quote]
Hah, funniest thing I’ve heard in a while. Any high school dropout can be a RE agent or mortgage broker, hardly a complex career field.
And those rates you quoted were BS. Show me evidence of an actual loan in SD that closed today with that rate? I dare you. Not happening.
Rates are currently 4.72% for 30year fixed. You can get this on any number of financial websites.[/quote]
Dude, you’re ax grinding mentality is starting to make sense. You think you are better and smarter than people, and yet despite that, apparently you missed out GOOOAL and can’t stand it… Am I right?
CoronitaParticipantSpeaking of inflation… LOL…
[img_assist|nid=27550|title=costcogas|desc=|link=node|align=left|width=500]
Thank god I am fully remote and only need to fill up this SUV or any other car for that matter for leisure once every few weeks.
Not that I drive my SUV to work anyway when I had to go in person.
Hmm, had to go see my tenant yesterday while driving this car… Write off.
CoronitaParticipant…
CoronitaParticipant[quote=sdrealtor][quote=deadzone][quote=sdrealtor][quote=deadzone]Mortgage rates ripping higher again today. Getting close to 5% on the 30year fixed. The title of this thread is already obsolete.[/quote]
Uhhhh….no. Having coffee with lender friend 30 years experience over 10,000 loans. He’s at 4.25% no points right now. But he’s doing 10/1’s now anyway[/quote]
I call BS on that. You and your imaginary friends.[/quote]
Ummm…No. Here is an imaginary website. I’ve used them in past and rate is exactly what is posted
https://www.aimloan.com/home/e2ce626011167a6%5B/quote%5D
Double checked with an old lender I used a long time ago. Yup. These are slightly lower because you have to be a Aerospace Corp employee, but still..
https://aerofcu.mortgagewebcenter.com/
People that bought homes and/or refinanced before would know where to shop around for a loan, and see that these rates are fairly accurate. Key word, people that bought homes and/or refinanced before.
CoronitaParticipant[quote=deadzone][quote=sdrealtor][quote=deadzone][quote=sdrealtor]As would the equity and housing crash you’ve been cheering for the last couple years. Pot meet kettle[/quote]
Not even close. Housing “correction” of 30% or so would have minimal impact on the vast majority of the population that either don’t own real estate, or have significant equity built up. Would mainly impact the investor class. And for everyone else, prices of things would go down. Win/Win[/quote]
Uhhhh…..no and you are cheering for full on crash. Hypocrite[/quote]
What’s a full on crash in your book? Yes lower prices in general are better for everyone except the investor class. What are you cheering for?
You are obviously a fan boy for the expansion of the wealth divide. Basically an elitist prick who masquerades as a liberal democrat.[/quote]Uh, huh? Investor class can make money whether home prices are high or low, it depends on which kind of investor.
If prices are lower, more investors with lesser deep pockets have more opportunity to buy too. Personally if prices correct, count me in and I’ll be happy to jump right back into buying more.
I think that’s the difference dz between you and others. You have an ax to grind and somehow are hell bent on a crash in order for you to be made whole. I don’t think most people here really care if this do correct, because (1) we’ve already taken advantage of the GOOAL crash of 2008 and now have a much stronger financial base to build off of so that (2) if things do correct, were more financially equipped to jump on that too. We just think you’ll be disappointed.
But I do understand how you might need things to crash in order to feel made whole. Good luck to you on that one.
Politics and political parties have nothing to do with your financial well being. But a lot of people like to blame politicians for their own poor financial decisions. That’s the case on both side. Not sure why you would bring that up in this context, besides again trying to grind an ax.
CoronitaParticipant[quote=sdrealtor]Death is the opportunity of a lifetime[/quote]
Death is pretty much an equal opportunity. And that is probably one thing you don’t want to be on the affirmative action/early admission track.
CoronitaParticipantFirst world problems.
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