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Critter
ParticipantFor a nationwide look at the housing bubble:
http://www.thehousingbubbleblog.com
Irvine info:
http://www.irvinehousingblog.com
More San Diego info:
http://www.housing-crash.com (hosted by Bob Flippa)
OC Renter does a great job of tracking the #’s in various counties including ours (and highlights specific properties along the way):
ParticipantSo the guy wants to get out of debt, but doesn’t want to spend his own money to do so.
Where’s the personal responsibility? Doing the easy thing doesn’t make it the right thing, painful as that may be to do. The guy has reserves – IMO he should pony up.
ParticipantSo the guy wants to get out of debt, but doesn’t want to spend his own money to do so.
Where’s the personal responsibility? Doing the easy thing doesn’t make it the right thing, painful as that may be to do. The guy has reserves – IMO he should pony up.
ParticipantThanks SDR – as usual you hold yourself above the fray. I appreciate the time you take to do thorough research and post your findings.
ParticipantThanks SDR – as usual you hold yourself above the fray. I appreciate the time you take to do thorough research and post your findings.
ParticipantIsn’t the other book named The Tipping Point?
Tipping, turning, toppling – whatever it takes! It’s a good book.
ParticipantIsn’t the other book named The Tipping Point?
Tipping, turning, toppling – whatever it takes! It’s a good book.
ParticipantI know a few people who have walked the tightrope between taking their equity out in advance and investing it wisely – and others who have spent it foolishly, paying extra interest every month, and ended up wondering what happened to all their good intentions when the house finally sold and they had to bring a check to closing.
Some have thought their “genius” at buying property which increased in value would mean even more luck in the stock market and didn’t do their homework when investing.
It takes a supreme amount of discipline to do what you have done – commendations for that. I just find it difficult to think of putting 28 years into a payment plan where the balance continues to ballooon instead of going down…. that said, I knew a guy who paid $32K for a really nice house on a hill in PB in 1962, and when he died in 2005 he owed that and much more!
ParticipantI know a few people who have walked the tightrope between taking their equity out in advance and investing it wisely – and others who have spent it foolishly, paying extra interest every month, and ended up wondering what happened to all their good intentions when the house finally sold and they had to bring a check to closing.
Some have thought their “genius” at buying property which increased in value would mean even more luck in the stock market and didn’t do their homework when investing.
It takes a supreme amount of discipline to do what you have done – commendations for that. I just find it difficult to think of putting 28 years into a payment plan where the balance continues to ballooon instead of going down…. that said, I knew a guy who paid $32K for a really nice house on a hill in PB in 1962, and when he died in 2005 he owed that and much more!
ParticipantBTW, since they are elderly, chances are they are retired and that mortgage payment is a burden – especially since it has grown over the years.
Rustico, dodge those boulders!!
ParticipantBTW, since they are elderly, chances are they are retired and that mortgage payment is a burden – especially since it has grown over the years.
Rustico, dodge those boulders!!
ParticipantWow, that’s scary. They are 28 years into a 30 year mortgage and owe triple what they paid in the first place. This is the real danger of HELOCs and borrowing against equity.
ParticipantWow, that’s scary. They are 28 years into a 30 year mortgage and owe triple what they paid in the first place. This is the real danger of HELOCs and borrowing against equity.
ParticipantCON’D
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