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davelj
ParticipantYeah, I’d start with the issue of the home being owner occupied. Then I’d add one more criterion: Did the the buyer put down at least a 10% down payment. Despite the fact that many people may have made a horrible decision to buy at the top and put down 10%, I would not put these folks into the speculator bucket. And if we’ve resigned ourselves to the fact that we’re going to bail folks out (with which I disagree), then let’s at least have the decency to limit it to folks who put some money down and are actually living in their homes. Anything non-owner occupied or having less than a 10% down payment, in my opinion, should not be bailed out. Period.
ParticipantYeah, I’d start with the issue of the home being owner occupied. Then I’d add one more criterion: Did the the buyer put down at least a 10% down payment. Despite the fact that many people may have made a horrible decision to buy at the top and put down 10%, I would not put these folks into the speculator bucket. And if we’ve resigned ourselves to the fact that we’re going to bail folks out (with which I disagree), then let’s at least have the decency to limit it to folks who put some money down and are actually living in their homes. Anything non-owner occupied or having less than a 10% down payment, in my opinion, should not be bailed out. Period.
ParticipantYeah, I’d start with the issue of the home being owner occupied. Then I’d add one more criterion: Did the the buyer put down at least a 10% down payment. Despite the fact that many people may have made a horrible decision to buy at the top and put down 10%, I would not put these folks into the speculator bucket. And if we’ve resigned ourselves to the fact that we’re going to bail folks out (with which I disagree), then let’s at least have the decency to limit it to folks who put some money down and are actually living in their homes. Anything non-owner occupied or having less than a 10% down payment, in my opinion, should not be bailed out. Period.
ParticipantOC, do you know what the total amount of debt on the property was at last count? Just curious. Sweet sweet schadenfreude. The polo-playing CEO of a mortgage-related company losing his big ass house to foreclosure and threatening legal action against those using public domain information to expose his asshattery… I’m a little surprised that this hasn’t been picked up by more mainstream media… well, there’s still time I suppose.
ParticipantOC, do you know what the total amount of debt on the property was at last count? Just curious. Sweet sweet schadenfreude. The polo-playing CEO of a mortgage-related company losing his big ass house to foreclosure and threatening legal action against those using public domain information to expose his asshattery… I’m a little surprised that this hasn’t been picked up by more mainstream media… well, there’s still time I suppose.
ParticipantOC, do you know what the total amount of debt on the property was at last count? Just curious. Sweet sweet schadenfreude. The polo-playing CEO of a mortgage-related company losing his big ass house to foreclosure and threatening legal action against those using public domain information to expose his asshattery… I’m a little surprised that this hasn’t been picked up by more mainstream media… well, there’s still time I suppose.
ParticipantOC, do you know what the total amount of debt on the property was at last count? Just curious. Sweet sweet schadenfreude. The polo-playing CEO of a mortgage-related company losing his big ass house to foreclosure and threatening legal action against those using public domain information to expose his asshattery… I’m a little surprised that this hasn’t been picked up by more mainstream media… well, there’s still time I suppose.
ParticipantOC, do you know what the total amount of debt on the property was at last count? Just curious. Sweet sweet schadenfreude. The polo-playing CEO of a mortgage-related company losing his big ass house to foreclosure and threatening legal action against those using public domain information to expose his asshattery… I’m a little surprised that this hasn’t been picked up by more mainstream media… well, there’s still time I suppose.
ParticipantWhat is the definition of being rich? That’s easy:
Being able to cry out at any inconvenience, “Where are my robots!?!”
ParticipantWhat is the definition of being rich? That’s easy:
Being able to cry out at any inconvenience, “Where are my robots!?!”
ParticipantWhat is the definition of being rich? That’s easy:
Being able to cry out at any inconvenience, “Where are my robots!?!”
ParticipantWhat is the definition of being rich? That’s easy:
Being able to cry out at any inconvenience, “Where are my robots!?!”
ParticipantWhat is the definition of being rich? That’s easy:
Being able to cry out at any inconvenience, “Where are my robots!?!”
ParticipantI kinda sorta agree with BobS on this one. IF you are dead set on buying property at some point AND you were dead set on using that HELOC money anyway, then paying a net 3% to keep it available isn’t a bad idea. After all, if prices are falling 10%-15% annually, then a 3% fee to retain your liquidity isn’t that bad a deal, right?
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