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Interest only mortgage – Its related to this other thread.
http://piggington.com/bank_sells_house_with_corpse
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That’s the new penalty for skipping on payments. They kill ya and make it look natural and dont even move the body so it looks even more natural.
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[Cow_tipping]

That’s the new penalty for skipping on payments. They kill ya and make it look natural and dont even move the body so it looks even more natural.
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With rivers of sarcasm flowing … The cow says:
Oh yea they let that old guy go because he was so pessimistic in his reports. This guy is much better they say.
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DrH in sacramento was very agressive with discounting sheite that didn’t sell … which was pretty much everything.
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Pota-to, po-tato booo hooo …
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Yes, alex_angel you should buy the house you want in San Diego. You have obviously done your research.
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Same in North Carolina add to that we have pleasant albeit humid summers (this year’s humidity is yet to hit … very late this year, last year I was sweating like a pig by now) dry (low humidity) and mild winters, a great job market from IT/research in raleigh or banking in Charlotte and very very affordable housing.
However our rains have brought nothing but wild flowers and frogs.
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Yea … pigginton makes me want to list my house now and go to an apartment … well I got too much crap for an partment … so I am stuck I guess.
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OK fine I am wrong … again …
But I am looking at license plates. Maybe the 1/2 backs done have Florida plates. maybe they still have their old states plates … namely NY/NJ or Ohio … All the ohio people I met recently are younger though.
Yes we got banking … I’d give us that.
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“On one hand, the population
Submitted by gn on May 9, 2007 – 11:52am.
“On one hand, the population of Charlotte is growing ridiculously fast.”

Does most of the influx to Charlotte come from California ?

Not quite.
My first guess is mexico.
Second is NY/NJ.
Of late its been Ohio as well.
Then maybe CA.
Then maybe florida.
This region apparently as per some of the city planners is going to grow from 1.5 million in 2005 to 4.5 million in 2020. None of those 3 million people will be documented in any census nor will they speak english. So we are ordering every road sign in spanish. That’s why the city planners need so much money.
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Yes, welcome to the insanity. I got some tips about various things in the area. So ask away and you’ll get it. Fixing cars or doing stuff to cars/bikes is my speciality
Now to housing. Yes we are furiously inflating the bubble here.
2 years ago, nothing in charlotte was over 200K. Now, there is nothing under 350K. I am talking SFR though. So like 175% appreciation … booya.
Yes there is that same rhetoric, “everyone wants to live here”, “its a sellers market”, all the same crap.
The half backs are for real. But, they are a pitiful trickle, they are heading to western NC more than charlotte and South carolina (york and lancaster counties)is much better than NC on all counts except home schooling. They got some arcane laws for that.
Also the new flavor is … well the same as the old flavor “the 485 flavor” where that goes, the developers run drooling like a 14 year old boy after a supermodel.
If you spend under 200K on a 3K sqft house, more than likely you’ll not lose your shirt. Under 3000 sqft – well we call them apartments. Rent but do not buy.
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Of course she’s not going to just give it away … she’s going to give it away and take it in the a$$ at the same time in a few months.
LV is going back to 1997 prices or further behind … but I think 97 was the previous bottom.
2 X 2002 – waaaaay too high.
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Japan has a culture – OK the people that were raised in the 50’s and 60’s ( unlike our selfish , me me me baby boomers) where people not paying their debts was A huge insult to their family name. They are also super hardworking and save like maniacs, and literally overpriced or not, they were serious about paying for it.
That resulted in a very very slow default rate. I think there were bail outs of banks and other financial institutions that held the bad paper, but homeowners were paying for it even if it meant starving to death. That created a slow motion crash lasting 16 years with a 60% deflation comming in in that 16+ years. I dont think it was even anything like 5-8% a year.
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I heard that too – partially … and that question was the only one I heard. I had to turn it off and do some actual work …
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