[djrobsd]

Landscaping is expensive!!! Our condo complex has a small courtyard in the center, and a patch of grass in the front, and it cost us $12,000 to re-landscape for automatic sprinklers, the palm trees and plants, and the night time plant lights. We got about 14 trees, agepanthas, lillys, and a bunch of those pittosporum(sp?) bushes you see everywhere in CA… That and some of that really cool myoporum ground cover. Landscaping is over-priced… And landscapers rip people off, charging you $400 for a tree you can buy at Home Depot for $100. Oh wait, you’re paying them $300 to plant the tree and make sure it doesn’t die! WTFE.

[djrobsd]

Landscaping is expensive!!! Our condo complex has a small courtyard in the center, and a patch of grass in the front, and it cost us $12,000 to re-landscape for automatic sprinklers, the palm trees and plants, and the night time plant lights. We got about 14 trees, agepanthas, lillys, and a bunch of those pittosporum(sp?) bushes you see everywhere in CA… That and some of that really cool myoporum ground cover. Landscaping is over-priced… And landscapers rip people off, charging you $400 for a tree you can buy at Home Depot for $100. Oh wait, you’re paying them $300 to plant the tree and make sure it doesn’t die! WTFE.

[djrobsd]

Landscaping is expensive!!! Our condo complex has a small courtyard in the center, and a patch of grass in the front, and it cost us $12,000 to re-landscape for automatic sprinklers, the palm trees and plants, and the night time plant lights. We got about 14 trees, agepanthas, lillys, and a bunch of those pittosporum(sp?) bushes you see everywhere in CA… That and some of that really cool myoporum ground cover. Landscaping is over-priced… And landscapers rip people off, charging you $400 for a tree you can buy at Home Depot for $100. Oh wait, you’re paying them $300 to plant the tree and make sure it doesn’t die! WTFE.

[djrobsd]

You know what, why can’t you guys just accept the fact that some people NEED a place to live, and DONT want to rent for whatever reason that may be, and they want to own their own house. It’s not always a financial decision, for lots of people it’s merely an emotional one, they find the right house in a good neighborhood with good schools and they don’t care what the financial implications are, they just want a home to raise their family. Or maybe, they play golf, and they happen to LOVE that over-priced golf club there, and want to live on the course….

You just never know with people, maybe they are suckers, maybe they aren’t, but everyone has their reasons for buying, even in this crappy market.

[djrobsd]

You know what, why can’t you guys just accept the fact that some people NEED a place to live, and DONT want to rent for whatever reason that may be, and they want to own their own house. It’s not always a financial decision, for lots of people it’s merely an emotional one, they find the right house in a good neighborhood with good schools and they don’t care what the financial implications are, they just want a home to raise their family. Or maybe, they play golf, and they happen to LOVE that over-priced golf club there, and want to live on the course….

You just never know with people, maybe they are suckers, maybe they aren’t, but everyone has their reasons for buying, even in this crappy market.

[djrobsd]

You know what, why can’t you guys just accept the fact that some people NEED a place to live, and DONT want to rent for whatever reason that may be, and they want to own their own house. It’s not always a financial decision, for lots of people it’s merely an emotional one, they find the right house in a good neighborhood with good schools and they don’t care what the financial implications are, they just want a home to raise their family. Or maybe, they play golf, and they happen to LOVE that over-priced golf club there, and want to live on the course….

You just never know with people, maybe they are suckers, maybe they aren’t, but everyone has their reasons for buying, even in this crappy market.

[djrobsd]

You know what, why can’t you guys just accept the fact that some people NEED a place to live, and DONT want to rent for whatever reason that may be, and they want to own their own house. It’s not always a financial decision, for lots of people it’s merely an emotional one, they find the right house in a good neighborhood with good schools and they don’t care what the financial implications are, they just want a home to raise their family. Or maybe, they play golf, and they happen to LOVE that over-priced golf club there, and want to live on the course….

You just never know with people, maybe they are suckers, maybe they aren’t, but everyone has their reasons for buying, even in this crappy market.

[djrobsd]

Where’s your logic there, bsrsharma? I’m assuming you talk about the decline of the dollar? Well, when the dollar declines, you don’t think real estate values will stay up do you?! Quite the contrary, they will sink into a big hole, so 1/8th the value of the dollar in 30 years, will probably also mean the property will only be worth 1/8 its original value…

lol

I still see a big flaw in this Acorn program. They are giving you an interest only loan because you can’t afford to pay principal + interest. But, in 10 years, the loan re-casts itself, and you have to begin paying principal. I guess ACORN assumes your income will increase in 10 years and you’ll be able to afford the higher payments?

Looks like the same flawed logic as an ARM to me, only the rate is fixed, but the payment certainly isn’t.

Can a mortgage broker shed some light on how much the payment goes up after the interest only period is done?

[djrobsd]

Where’s your logic there, bsrsharma? I’m assuming you talk about the decline of the dollar? Well, when the dollar declines, you don’t think real estate values will stay up do you?! Quite the contrary, they will sink into a big hole, so 1/8th the value of the dollar in 30 years, will probably also mean the property will only be worth 1/8 its original value…

lol

I still see a big flaw in this Acorn program. They are giving you an interest only loan because you can’t afford to pay principal + interest. But, in 10 years, the loan re-casts itself, and you have to begin paying principal. I guess ACORN assumes your income will increase in 10 years and you’ll be able to afford the higher payments?

Looks like the same flawed logic as an ARM to me, only the rate is fixed, but the payment certainly isn’t.

Can a mortgage broker shed some light on how much the payment goes up after the interest only period is done?

[djrobsd]

Where’s your logic there, bsrsharma? I’m assuming you talk about the decline of the dollar? Well, when the dollar declines, you don’t think real estate values will stay up do you?! Quite the contrary, they will sink into a big hole, so 1/8th the value of the dollar in 30 years, will probably also mean the property will only be worth 1/8 its original value…

lol

I still see a big flaw in this Acorn program. They are giving you an interest only loan because you can’t afford to pay principal + interest. But, in 10 years, the loan re-casts itself, and you have to begin paying principal. I guess ACORN assumes your income will increase in 10 years and you’ll be able to afford the higher payments?

Looks like the same flawed logic as an ARM to me, only the rate is fixed, but the payment certainly isn’t.

Can a mortgage broker shed some light on how much the payment goes up after the interest only period is done?

[djrobsd]

Raybarnes,

Can programs like ACORN be used to refinance from an ARM?

[djrobsd]

Raybarnes,

Can programs like ACORN be used to refinance from an ARM?

[djrobsd]

Raybarnes,

Can programs like ACORN be used to refinance from an ARM?

[djrobsd]

My tenant asked me about rent to own. When I told him my mortgage reset to $3100 he ran for the exits… LOL

[djrobsd]

My tenant asked me about rent to own. When I told him my mortgage reset to $3100 he ran for the exits… LOL

[Author]

Posts