Forum Replies Created
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AuthorPosts
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Ex-SD
ParticipantWhen the absolute bottom is found (I think 2012), it will most likely remain stagnant for at least five years.
ParticipantMarion, I’ve been married to the same wonderful woman for 32 years and we reared three great kids together. If my wife had displayed the philosophy that you are pushing, we would have had about three dates and I would have gone over the hill and looked for some greener pastures. You said you wanted opinions and that’s mine.
Whether you realize or not, you’re already trying to control the guy and good, capable men don’t like that………………AT ALL! (unless they’re in to S&M)
Either this guy has been burned before or he has friends who have…………..or he reads a lot of psycho babble books or articles. Whichever it is, if he’s really a good guy, you’d be wise to back off with the “I want to tell you how to spend your money” attitude. If you want to go to a nice restaurant so badly, why don’t you invite him and you pay?
ParticipantMarion, I’ve been married to the same wonderful woman for 32 years and we reared three great kids together. If my wife had displayed the philosophy that you are pushing, we would have had about three dates and I would have gone over the hill and looked for some greener pastures. You said you wanted opinions and that’s mine.
Whether you realize or not, you’re already trying to control the guy and good, capable men don’t like that………………AT ALL! (unless they’re in to S&M)
Either this guy has been burned before or he has friends who have…………..or he reads a lot of psycho babble books or articles. Whichever it is, if he’s really a good guy, you’d be wise to back off with the “I want to tell you how to spend your money” attitude. If you want to go to a nice restaurant so badly, why don’t you invite him and you pay?
ParticipantMarion, I’ve been married to the same wonderful woman for 32 years and we reared three great kids together. If my wife had displayed the philosophy that you are pushing, we would have had about three dates and I would have gone over the hill and looked for some greener pastures. You said you wanted opinions and that’s mine.
Whether you realize or not, you’re already trying to control the guy and good, capable men don’t like that………………AT ALL! (unless they’re in to S&M)
Either this guy has been burned before or he has friends who have…………..or he reads a lot of psycho babble books or articles. Whichever it is, if he’s really a good guy, you’d be wise to back off with the “I want to tell you how to spend your money” attitude. If you want to go to a nice restaurant so badly, why don’t you invite him and you pay?
ParticipantMarion, I’ve been married to the same wonderful woman for 32 years and we reared three great kids together. If my wife had displayed the philosophy that you are pushing, we would have had about three dates and I would have gone over the hill and looked for some greener pastures. You said you wanted opinions and that’s mine.
Whether you realize or not, you’re already trying to control the guy and good, capable men don’t like that………………AT ALL! (unless they’re in to S&M)
Either this guy has been burned before or he has friends who have…………..or he reads a lot of psycho babble books or articles. Whichever it is, if he’s really a good guy, you’d be wise to back off with the “I want to tell you how to spend your money” attitude. If you want to go to a nice restaurant so badly, why don’t you invite him and you pay?
ParticipantMarion, I’ve been married to the same wonderful woman for 32 years and we reared three great kids together. If my wife had displayed the philosophy that you are pushing, we would have had about three dates and I would have gone over the hill and looked for some greener pastures. You said you wanted opinions and that’s mine.
Whether you realize or not, you’re already trying to control the guy and good, capable men don’t like that………………AT ALL! (unless they’re in to S&M)
Either this guy has been burned before or he has friends who have…………..or he reads a lot of psycho babble books or articles. Whichever it is, if he’s really a good guy, you’d be wise to back off with the “I want to tell you how to spend your money” attitude. If you want to go to a nice restaurant so badly, why don’t you invite him and you pay?
ParticipantMy first two questions were going to be: “What if the property won’t appraise for the amount that they are trying to re-fi? (which is going to be the situation with just about all of these loans) And, what if their income to expense ratios are strained……………………
And then I read the article and here’s what I found”Quote directly from the article:
“Knowing a loan’s initial rate, the index used as a basis, and the margin above the index, we can use the current index rate to project the monthly payment after full adjustment and compare it with the initial payment. Imagine payments that are initially 30% of borrower income. The adjustable-rate first mortgages are classified into four reset groups:
• Group A – increase 25% or less (to 37.5% or less of income); almost always bearable
• Group B – increase 26% to 50% (to 37.5% to 45% of income); harder to bear
• Group C – increase 51% to 99% (to 45% to 60% of income); likely unsupportable
• Group D – increase 100% or more (to 60% or more of income); clearly unendurableI will assign reset difficulty probabilities to the four groups as follows:
• Group A – 10% (seldom subject to reset strain pushing towards default)
• Group B – 40% (often subject to reset strain pushing towards default)
• Group C – 70% (mostly subject to reset strain pushing towards default)
• Group D – 100% (always subject to reset strain pushing towards default)
If reset strain occurs and there is insufficient equity to enable a sale or refinance, default is likely.”ParticipantMy first two questions were going to be: “What if the property won’t appraise for the amount that they are trying to re-fi? (which is going to be the situation with just about all of these loans) And, what if their income to expense ratios are strained……………………
And then I read the article and here’s what I found”Quote directly from the article:
“Knowing a loan’s initial rate, the index used as a basis, and the margin above the index, we can use the current index rate to project the monthly payment after full adjustment and compare it with the initial payment. Imagine payments that are initially 30% of borrower income. The adjustable-rate first mortgages are classified into four reset groups:
• Group A – increase 25% or less (to 37.5% or less of income); almost always bearable
• Group B – increase 26% to 50% (to 37.5% to 45% of income); harder to bear
• Group C – increase 51% to 99% (to 45% to 60% of income); likely unsupportable
• Group D – increase 100% or more (to 60% or more of income); clearly unendurableI will assign reset difficulty probabilities to the four groups as follows:
• Group A – 10% (seldom subject to reset strain pushing towards default)
• Group B – 40% (often subject to reset strain pushing towards default)
• Group C – 70% (mostly subject to reset strain pushing towards default)
• Group D – 100% (always subject to reset strain pushing towards default)
If reset strain occurs and there is insufficient equity to enable a sale or refinance, default is likely.”ParticipantMy first two questions were going to be: “What if the property won’t appraise for the amount that they are trying to re-fi? (which is going to be the situation with just about all of these loans) And, what if their income to expense ratios are strained……………………
And then I read the article and here’s what I found”Quote directly from the article:
“Knowing a loan’s initial rate, the index used as a basis, and the margin above the index, we can use the current index rate to project the monthly payment after full adjustment and compare it with the initial payment. Imagine payments that are initially 30% of borrower income. The adjustable-rate first mortgages are classified into four reset groups:
• Group A – increase 25% or less (to 37.5% or less of income); almost always bearable
• Group B – increase 26% to 50% (to 37.5% to 45% of income); harder to bear
• Group C – increase 51% to 99% (to 45% to 60% of income); likely unsupportable
• Group D – increase 100% or more (to 60% or more of income); clearly unendurableI will assign reset difficulty probabilities to the four groups as follows:
• Group A – 10% (seldom subject to reset strain pushing towards default)
• Group B – 40% (often subject to reset strain pushing towards default)
• Group C – 70% (mostly subject to reset strain pushing towards default)
• Group D – 100% (always subject to reset strain pushing towards default)
If reset strain occurs and there is insufficient equity to enable a sale or refinance, default is likely.”ParticipantMy first two questions were going to be: “What if the property won’t appraise for the amount that they are trying to re-fi? (which is going to be the situation with just about all of these loans) And, what if their income to expense ratios are strained……………………
And then I read the article and here’s what I found”Quote directly from the article:
“Knowing a loan’s initial rate, the index used as a basis, and the margin above the index, we can use the current index rate to project the monthly payment after full adjustment and compare it with the initial payment. Imagine payments that are initially 30% of borrower income. The adjustable-rate first mortgages are classified into four reset groups:
• Group A – increase 25% or less (to 37.5% or less of income); almost always bearable
• Group B – increase 26% to 50% (to 37.5% to 45% of income); harder to bear
• Group C – increase 51% to 99% (to 45% to 60% of income); likely unsupportable
• Group D – increase 100% or more (to 60% or more of income); clearly unendurableI will assign reset difficulty probabilities to the four groups as follows:
• Group A – 10% (seldom subject to reset strain pushing towards default)
• Group B – 40% (often subject to reset strain pushing towards default)
• Group C – 70% (mostly subject to reset strain pushing towards default)
• Group D – 100% (always subject to reset strain pushing towards default)
If reset strain occurs and there is insufficient equity to enable a sale or refinance, default is likely.”ParticipantMy first two questions were going to be: “What if the property won’t appraise for the amount that they are trying to re-fi? (which is going to be the situation with just about all of these loans) And, what if their income to expense ratios are strained……………………
And then I read the article and here’s what I found”Quote directly from the article:
“Knowing a loan’s initial rate, the index used as a basis, and the margin above the index, we can use the current index rate to project the monthly payment after full adjustment and compare it with the initial payment. Imagine payments that are initially 30% of borrower income. The adjustable-rate first mortgages are classified into four reset groups:
• Group A – increase 25% or less (to 37.5% or less of income); almost always bearable
• Group B – increase 26% to 50% (to 37.5% to 45% of income); harder to bear
• Group C – increase 51% to 99% (to 45% to 60% of income); likely unsupportable
• Group D – increase 100% or more (to 60% or more of income); clearly unendurableI will assign reset difficulty probabilities to the four groups as follows:
• Group A – 10% (seldom subject to reset strain pushing towards default)
• Group B – 40% (often subject to reset strain pushing towards default)
• Group C – 70% (mostly subject to reset strain pushing towards default)
• Group D – 100% (always subject to reset strain pushing towards default)
If reset strain occurs and there is insufficient equity to enable a sale or refinance, default is likely.”ParticipantMy opinion is that they are quacks. The game is to get you in for the first visit and then hook you by telling you that your frame is out of wack and that you will need regular, routine adjustments to keep you in alignment. I went to one for two visits when I hurt my back over 35 years ago and all he did was make my back feel worse and my wallet feel lighter. Some people swear that they are helped by Chiropractors but I think it’s like religion……………….. Either you believe in it or you don’t. I’ve know more than my share of medical doctors over the years, many of which have been my neighbors…………….I have discussed this subject with many of them over the years and none had anything good to say about Chiropractors. Your mileage may vary. 🙂
ParticipantMy opinion is that they are quacks. The game is to get you in for the first visit and then hook you by telling you that your frame is out of wack and that you will need regular, routine adjustments to keep you in alignment. I went to one for two visits when I hurt my back over 35 years ago and all he did was make my back feel worse and my wallet feel lighter. Some people swear that they are helped by Chiropractors but I think it’s like religion……………….. Either you believe in it or you don’t. I’ve know more than my share of medical doctors over the years, many of which have been my neighbors…………….I have discussed this subject with many of them over the years and none had anything good to say about Chiropractors. Your mileage may vary. 🙂
ParticipantMy opinion is that they are quacks. The game is to get you in for the first visit and then hook you by telling you that your frame is out of wack and that you will need regular, routine adjustments to keep you in alignment. I went to one for two visits when I hurt my back over 35 years ago and all he did was make my back feel worse and my wallet feel lighter. Some people swear that they are helped by Chiropractors but I think it’s like religion……………….. Either you believe in it or you don’t. I’ve know more than my share of medical doctors over the years, many of which have been my neighbors…………….I have discussed this subject with many of them over the years and none had anything good to say about Chiropractors. Your mileage may vary. 🙂
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