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Fearful
ParticipantHi Dave,
Okay, “shitty asset crisis” it is.
You know a good place to get a chart of the TED spread? Or, maybe more to the point, a chart comparing any interbank rate with its corresponding central bank rate?
Thanks in advance,
Eric
ParticipantHi Dave,
Okay, “shitty asset crisis” it is.
You know a good place to get a chart of the TED spread? Or, maybe more to the point, a chart comparing any interbank rate with its corresponding central bank rate?
Thanks in advance,
Eric
December 5, 2007 at 11:54 AM in reply to: Moving bank to San Diego; Reasonable price for rental? #109421ParticipantSome data from my personal experience with renting:
I think rental prices for single family houses are strongly dependent on the area schools. So if you don’t have school age kids, you can get much lower rents in worse school areas.
Renting long distance is difficult. I compounded matters by having a dog.
I paid the year in advance for 5% discount on $2,850 for a 1,700 sf house in Torrey Hills, right across the street from a stellar elementary school. That’s $1.68 a foot.
Compared to $1.25 a foot, I overpaid. sdr, I’m interested in your thoughts on rental per sf in west CV.
I reckon the owner is losing about $1,400 a month cash flow.
Yes, there is a risk the owner will default. You do have a legal claim to that rent, even paid in advance, though, and given that it takes about six months to get someone out of a house, you’re fairly secure in paying six months or more in advance. One concern is that the house becomes uninhabitable, such as due to fire (!); you then would have an onerous claim process to get your prepaid rent back.
December 5, 2007 at 11:54 AM in reply to: Moving bank to San Diego; Reasonable price for rental? #109532ParticipantSome data from my personal experience with renting:
I think rental prices for single family houses are strongly dependent on the area schools. So if you don’t have school age kids, you can get much lower rents in worse school areas.
Renting long distance is difficult. I compounded matters by having a dog.
I paid the year in advance for 5% discount on $2,850 for a 1,700 sf house in Torrey Hills, right across the street from a stellar elementary school. That’s $1.68 a foot.
Compared to $1.25 a foot, I overpaid. sdr, I’m interested in your thoughts on rental per sf in west CV.
I reckon the owner is losing about $1,400 a month cash flow.
Yes, there is a risk the owner will default. You do have a legal claim to that rent, even paid in advance, though, and given that it takes about six months to get someone out of a house, you’re fairly secure in paying six months or more in advance. One concern is that the house becomes uninhabitable, such as due to fire (!); you then would have an onerous claim process to get your prepaid rent back.
December 5, 2007 at 11:54 AM in reply to: Moving bank to San Diego; Reasonable price for rental? #109564ParticipantSome data from my personal experience with renting:
I think rental prices for single family houses are strongly dependent on the area schools. So if you don’t have school age kids, you can get much lower rents in worse school areas.
Renting long distance is difficult. I compounded matters by having a dog.
I paid the year in advance for 5% discount on $2,850 for a 1,700 sf house in Torrey Hills, right across the street from a stellar elementary school. That’s $1.68 a foot.
Compared to $1.25 a foot, I overpaid. sdr, I’m interested in your thoughts on rental per sf in west CV.
I reckon the owner is losing about $1,400 a month cash flow.
Yes, there is a risk the owner will default. You do have a legal claim to that rent, even paid in advance, though, and given that it takes about six months to get someone out of a house, you’re fairly secure in paying six months or more in advance. One concern is that the house becomes uninhabitable, such as due to fire (!); you then would have an onerous claim process to get your prepaid rent back.
December 5, 2007 at 11:54 AM in reply to: Moving bank to San Diego; Reasonable price for rental? #109568ParticipantSome data from my personal experience with renting:
I think rental prices for single family houses are strongly dependent on the area schools. So if you don’t have school age kids, you can get much lower rents in worse school areas.
Renting long distance is difficult. I compounded matters by having a dog.
I paid the year in advance for 5% discount on $2,850 for a 1,700 sf house in Torrey Hills, right across the street from a stellar elementary school. That’s $1.68 a foot.
Compared to $1.25 a foot, I overpaid. sdr, I’m interested in your thoughts on rental per sf in west CV.
I reckon the owner is losing about $1,400 a month cash flow.
Yes, there is a risk the owner will default. You do have a legal claim to that rent, even paid in advance, though, and given that it takes about six months to get someone out of a house, you’re fairly secure in paying six months or more in advance. One concern is that the house becomes uninhabitable, such as due to fire (!); you then would have an onerous claim process to get your prepaid rent back.
December 5, 2007 at 11:54 AM in reply to: Moving bank to San Diego; Reasonable price for rental? #109580ParticipantSome data from my personal experience with renting:
I think rental prices for single family houses are strongly dependent on the area schools. So if you don’t have school age kids, you can get much lower rents in worse school areas.
Renting long distance is difficult. I compounded matters by having a dog.
I paid the year in advance for 5% discount on $2,850 for a 1,700 sf house in Torrey Hills, right across the street from a stellar elementary school. That’s $1.68 a foot.
Compared to $1.25 a foot, I overpaid. sdr, I’m interested in your thoughts on rental per sf in west CV.
I reckon the owner is losing about $1,400 a month cash flow.
Yes, there is a risk the owner will default. You do have a legal claim to that rent, even paid in advance, though, and given that it takes about six months to get someone out of a house, you’re fairly secure in paying six months or more in advance. One concern is that the house becomes uninhabitable, such as due to fire (!); you then would have an onerous claim process to get your prepaid rent back.
ParticipantLOL if Countrywide is paying 5.45% to get money, and they are willing to lend it at 5.25%, how much money do you trust with Countrywide? Watch that FDIC coverage!
ParticipantLOL if Countrywide is paying 5.45% to get money, and they are willing to lend it at 5.25%, how much money do you trust with Countrywide? Watch that FDIC coverage!
ParticipantLOL if Countrywide is paying 5.45% to get money, and they are willing to lend it at 5.25%, how much money do you trust with Countrywide? Watch that FDIC coverage!
ParticipantLOL if Countrywide is paying 5.45% to get money, and they are willing to lend it at 5.25%, how much money do you trust with Countrywide? Watch that FDIC coverage!
ParticipantLOL if Countrywide is paying 5.45% to get money, and they are willing to lend it at 5.25%, how much money do you trust with Countrywide? Watch that FDIC coverage!
ParticipantMortgage rates are most closely tied to 10 year treasuries.
Fed funds rate tends to affect short term teaser rates on ARMs.
Long term ARM rate is often tied to prime rate or LIBOR, both of which I heard have been rising in recent days in response to credit crunch.
10 year treasury rates have been dropping lately.
ParticipantMortgage rates are most closely tied to 10 year treasuries.
Fed funds rate tends to affect short term teaser rates on ARMs.
Long term ARM rate is often tied to prime rate or LIBOR, both of which I heard have been rising in recent days in response to credit crunch.
10 year treasury rates have been dropping lately.
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