[cowboy]

I think I understand why the payment is 90% interest and 10% principal the first few years. It’s because the monthly payment is held constant over the 30 years.

[cowboy]

I think I understand why the payment is 90% interest and 10% principal the first few years. It’s because the monthly payment is held constant over the 30 years.

[cowboy]

I think I understand why the payment is 90% interest and 10% principal the first few years. It’s because the monthly payment is held constant over the 30 years.

[cowboy]

I think I understand why the payment is 90% interest and 10% principal the first few years. It’s because the monthly payment is held constant over the 30 years.

[cowboy]

I think I understand why the payment is 90% interest and 10% principal the first few years. It’s because the monthly payment is held constant over the 30 years.

[cowboy]

On a bit of a different topic. From what I hear, the typical 90% first loan and 10% second loan to get around paying PMI is no longer available for people with a LTV higher than 75%. This is yet another example of how things are tightening up in the credit world for potential home borrowers.

Right now it’s all about bringing some money to the table and proving you can afford the payments.

I remember reading an article during the bubble peak about how many people could afford homes using the traditional 30 year fixed loan in SoCal. It was something ridiculously low (below 10% if I recall correctly)

[cowboy]

On a bit of a different topic. From what I hear, the typical 90% first loan and 10% second loan to get around paying PMI is no longer available for people with a LTV higher than 75%. This is yet another example of how things are tightening up in the credit world for potential home borrowers.

Right now it’s all about bringing some money to the table and proving you can afford the payments.

I remember reading an article during the bubble peak about how many people could afford homes using the traditional 30 year fixed loan in SoCal. It was something ridiculously low (below 10% if I recall correctly)

[cowboy]

On a bit of a different topic. From what I hear, the typical 90% first loan and 10% second loan to get around paying PMI is no longer available for people with a LTV higher than 75%. This is yet another example of how things are tightening up in the credit world for potential home borrowers.

Right now it’s all about bringing some money to the table and proving you can afford the payments.

I remember reading an article during the bubble peak about how many people could afford homes using the traditional 30 year fixed loan in SoCal. It was something ridiculously low (below 10% if I recall correctly)

[cowboy]

On a bit of a different topic. From what I hear, the typical 90% first loan and 10% second loan to get around paying PMI is no longer available for people with a LTV higher than 75%. This is yet another example of how things are tightening up in the credit world for potential home borrowers.

Right now it’s all about bringing some money to the table and proving you can afford the payments.

I remember reading an article during the bubble peak about how many people could afford homes using the traditional 30 year fixed loan in SoCal. It was something ridiculously low (below 10% if I recall correctly)

[cowboy]

On a bit of a different topic. From what I hear, the typical 90% first loan and 10% second loan to get around paying PMI is no longer available for people with a LTV higher than 75%. This is yet another example of how things are tightening up in the credit world for potential home borrowers.

Right now it’s all about bringing some money to the table and proving you can afford the payments.

I remember reading an article during the bubble peak about how many people could afford homes using the traditional 30 year fixed loan in SoCal. It was something ridiculously low (below 10% if I recall correctly)

[cowboy]

I have also wondered who buys these $1M+ homes. I have always wondered how people deal with these extraordinary house payments (PITI) for so long as well. Let’s say typically for 30 years. Especially in the job market these days. There is no such thing as a secure job these days. So a household has to drop $4K+/month for a average tract home for 30 years. To me it seems hard to convince myself I can keep up these extraordinary payments for the next 30 years even if today I can. Then I ask myself why I would want to put myself through such anyway. Is that average tract home in CV really worth practically every dime I may make for the next 30 years?

I guess for me it seems to be a quality of life thing. The house owns me; not me owning the house.

[cowboy]

I have also wondered who buys these $1M+ homes. I have always wondered how people deal with these extraordinary house payments (PITI) for so long as well. Let’s say typically for 30 years. Especially in the job market these days. There is no such thing as a secure job these days. So a household has to drop $4K+/month for a average tract home for 30 years. To me it seems hard to convince myself I can keep up these extraordinary payments for the next 30 years even if today I can. Then I ask myself why I would want to put myself through such anyway. Is that average tract home in CV really worth practically every dime I may make for the next 30 years?

I guess for me it seems to be a quality of life thing. The house owns me; not me owning the house.

[cowboy]

I have also wondered who buys these $1M+ homes. I have always wondered how people deal with these extraordinary house payments (PITI) for so long as well. Let’s say typically for 30 years. Especially in the job market these days. There is no such thing as a secure job these days. So a household has to drop $4K+/month for a average tract home for 30 years. To me it seems hard to convince myself I can keep up these extraordinary payments for the next 30 years even if today I can. Then I ask myself why I would want to put myself through such anyway. Is that average tract home in CV really worth practically every dime I may make for the next 30 years?

I guess for me it seems to be a quality of life thing. The house owns me; not me owning the house.

[cowboy]

I have also wondered who buys these $1M+ homes. I have always wondered how people deal with these extraordinary house payments (PITI) for so long as well. Let’s say typically for 30 years. Especially in the job market these days. There is no such thing as a secure job these days. So a household has to drop $4K+/month for a average tract home for 30 years. To me it seems hard to convince myself I can keep up these extraordinary payments for the next 30 years even if today I can. Then I ask myself why I would want to put myself through such anyway. Is that average tract home in CV really worth practically every dime I may make for the next 30 years?

I guess for me it seems to be a quality of life thing. The house owns me; not me owning the house.

[cowboy]

I have also wondered who buys these $1M+ homes. I have always wondered how people deal with these extraordinary house payments (PITI) for so long as well. Let’s say typically for 30 years. Especially in the job market these days. There is no such thing as a secure job these days. So a household has to drop $4K+/month for a average tract home for 30 years. To me it seems hard to convince myself I can keep up these extraordinary payments for the next 30 years even if today I can. Then I ask myself why I would want to put myself through such anyway. Is that average tract home in CV really worth practically every dime I may make for the next 30 years?

I guess for me it seems to be a quality of life thing. The house owns me; not me owning the house.

[Author]

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