Forum Replies Created
-
AuthorPosts
-
Duck
ParticipantI do know their taxes, HOA, Mello Roos and then club membership is huge, but I think most of those buyers knew what they were gettting into. On a $1.5mm house I believe you were lookng at nearly $30,000 per year in all those extras if you wanted just a social membership at their clubhouse. I’ll check into some NOD’s and NOT’s in that area later this week and see if there’s much activity.
Duck
ParticipantI do know their taxes, HOA, Mello Roos and then club membership is huge, but I think most of those buyers knew what they were gettting into. On a $1.5mm house I believe you were lookng at nearly $30,000 per year in all those extras if you wanted just a social membership at their clubhouse. I’ll check into some NOD’s and NOT’s in that area later this week and see if there’s much activity.
Duck
ParticipantLooks like there is $1.7 MM in loans with a $1.5mm first and 200k second or HELOC. It doesn’t show up as being a NOD yet so maybe they have worked something with the lender.
Duck
ParticipantLooks like there is $1.7 MM in loans with a $1.5mm first and 200k second or HELOC. It doesn’t show up as being a NOD yet so maybe they have worked something with the lender.
Duck
ParticipantOh, one other thing as someone mentioned how close people put their bigscreens. The recommended min. distance is 1.5 screen size for HDTV. So that’s 7.5 feet for a 60 incher. Again that’s for a 16:9 TV broadcasting in HD. I have to laugh at how many people buy these big TV’s and don’t bother getting HD boxes for them. Regular TV actually looks worse on them. I went to a Super Bowl party 2 years ago and didn’t have the heart to tell the guy his picture looked awful.
Duck
ParticipantOh, one other thing as someone mentioned how close people put their bigscreens. The recommended min. distance is 1.5 screen size for HDTV. So that’s 7.5 feet for a 60 incher. Again that’s for a 16:9 TV broadcasting in HD. I have to laugh at how many people buy these big TV’s and don’t bother getting HD boxes for them. Regular TV actually looks worse on them. I went to a Super Bowl party 2 years ago and didn’t have the heart to tell the guy his picture looked awful.
Duck
ParticipantI prefer LCD myself because the Plasma’s seem to give off too much glare during the day. It’s hard to watch TV in regular defintion after watching HDTV. I prefer to think of it as an educational investment as I’ve watched specials on the Discovery Channel with my kids featuring penguins, bald eagles, glaciers, rain forests and tree frogs instead of whatever I used to watch. Don’t get me started on sports. Hockey is even watchable in High Def.
Duck
ParticipantI prefer LCD myself because the Plasma’s seem to give off too much glare during the day. It’s hard to watch TV in regular defintion after watching HDTV. I prefer to think of it as an educational investment as I’ve watched specials on the Discovery Channel with my kids featuring penguins, bald eagles, glaciers, rain forests and tree frogs instead of whatever I used to watch. Don’t get me started on sports. Hockey is even watchable in High Def.
Duck
ParticipantI have two relatives that apparently had been following this kook’s advice for several years and not paying taxes. They are now both in a world of hurt since the IRS has finally caught up to them.
Duck
ParticipantI have two relatives that apparently had been following this kook’s advice for several years and not paying taxes. They are now both in a world of hurt since the IRS has finally caught up to them.
July 8, 2007 at 10:17 AM in reply to: OCRegister with a great article on the BoFA report regarding the ARM resets #64614Duck
ParticipantSo about 80% of these resets are subprime? Looks like the lower end will continue to get hammered. Of course the reset schedule doesn’t really tell you too much. Were these mostly for new purchases or were these re-fi’s on a home someone owned for 20 years in Detroit where they needed to take the equity out of their house to pay off some bills after getting laid off?
Personally I put very little faith in the accuracy of any charts from lending institutions. I sold a home I had an ARM on nearly a year ago and I still get mailers from lenders asking me to re-fi it even though it had been paid off and the reconveyance recorded. The loan was never close to resetting, but I kept getting these “notices” about how my payment was going to skyrocket. I finally called one lender and asked him where he was getting his info. from because it was wrong. He had no answer and said he was just a telemarketer doing his job. That’s the current state of mortgage brokering. Pay some kid $8/hour to try to hook some fish.
July 8, 2007 at 10:17 AM in reply to: OCRegister with a great article on the BoFA report regarding the ARM resets #64673Duck
ParticipantSo about 80% of these resets are subprime? Looks like the lower end will continue to get hammered. Of course the reset schedule doesn’t really tell you too much. Were these mostly for new purchases or were these re-fi’s on a home someone owned for 20 years in Detroit where they needed to take the equity out of their house to pay off some bills after getting laid off?
Personally I put very little faith in the accuracy of any charts from lending institutions. I sold a home I had an ARM on nearly a year ago and I still get mailers from lenders asking me to re-fi it even though it had been paid off and the reconveyance recorded. The loan was never close to resetting, but I kept getting these “notices” about how my payment was going to skyrocket. I finally called one lender and asked him where he was getting his info. from because it was wrong. He had no answer and said he was just a telemarketer doing his job. That’s the current state of mortgage brokering. Pay some kid $8/hour to try to hook some fish.
Duck
ParticipantI think it’s curious that one post against the norm on this site gets the #1 spot in terms of responses with 98% being against the original poster. Reminds me of a certain mania 3 years ago.
Hmmmmm.
Duck
ParticipantI think it’s curious that one post against the norm on this site gets the #1 spot in terms of responses with 98% being against the original poster. Reminds me of a certain mania 3 years ago.
Hmmmmm.
-
AuthorPosts
