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(former)FormerSanDiegan
Participant[quote=IONEGARM]Does anyone really think full doc, 20% down, 6 months reserve will move the high end one bit? I sure don’t.[/quote]
I believe that the lack of available financing negatively impacted the high end last year.
Therefore, I have to the conclude that any improvement in the availability of financing is a positive for the high end and does indeed help at least one little bit.ParticipantSo, based on what I have read here I have come up with the following actionable infomration:
To make a fortune I should take out a huge pile of debt, denominated in dollars, and buy lots of gold.Anyone know where I can get a $1+ M Jumbo for 5% ?
ParticipantSo, based on what I have read here I have come up with the following actionable infomration:
To make a fortune I should take out a huge pile of debt, denominated in dollars, and buy lots of gold.Anyone know where I can get a $1+ M Jumbo for 5% ?
ParticipantSo, based on what I have read here I have come up with the following actionable infomration:
To make a fortune I should take out a huge pile of debt, denominated in dollars, and buy lots of gold.Anyone know where I can get a $1+ M Jumbo for 5% ?
ParticipantSo, based on what I have read here I have come up with the following actionable infomration:
To make a fortune I should take out a huge pile of debt, denominated in dollars, and buy lots of gold.Anyone know where I can get a $1+ M Jumbo for 5% ?
ParticipantSo, based on what I have read here I have come up with the following actionable infomration:
To make a fortune I should take out a huge pile of debt, denominated in dollars, and buy lots of gold.Anyone know where I can get a $1+ M Jumbo for 5% ?
Participant24% down implies that you took a loan of about 517K.
On a 30-year fixed over 3 years the principal should be about 500K now.
You are only underwater by about 80k. No matter what you do, the down payment is currently lost. Some might suggest that you walk away, but the “benefit” (80K) of short sale or deed-in-lieu may not be worth it in my opinion.A couple of pieces of information that I would use to judge your situation objectively :
1. What would the house rent for ?
2. What area/neighborhood ?Given answers to these two questions would give us a feel for the downside and upside potential.
Participant24% down implies that you took a loan of about 517K.
On a 30-year fixed over 3 years the principal should be about 500K now.
You are only underwater by about 80k. No matter what you do, the down payment is currently lost. Some might suggest that you walk away, but the “benefit” (80K) of short sale or deed-in-lieu may not be worth it in my opinion.A couple of pieces of information that I would use to judge your situation objectively :
1. What would the house rent for ?
2. What area/neighborhood ?Given answers to these two questions would give us a feel for the downside and upside potential.
Participant24% down implies that you took a loan of about 517K.
On a 30-year fixed over 3 years the principal should be about 500K now.
You are only underwater by about 80k. No matter what you do, the down payment is currently lost. Some might suggest that you walk away, but the “benefit” (80K) of short sale or deed-in-lieu may not be worth it in my opinion.A couple of pieces of information that I would use to judge your situation objectively :
1. What would the house rent for ?
2. What area/neighborhood ?Given answers to these two questions would give us a feel for the downside and upside potential.
Participant24% down implies that you took a loan of about 517K.
On a 30-year fixed over 3 years the principal should be about 500K now.
You are only underwater by about 80k. No matter what you do, the down payment is currently lost. Some might suggest that you walk away, but the “benefit” (80K) of short sale or deed-in-lieu may not be worth it in my opinion.A couple of pieces of information that I would use to judge your situation objectively :
1. What would the house rent for ?
2. What area/neighborhood ?Given answers to these two questions would give us a feel for the downside and upside potential.
Participant24% down implies that you took a loan of about 517K.
On a 30-year fixed over 3 years the principal should be about 500K now.
You are only underwater by about 80k. No matter what you do, the down payment is currently lost. Some might suggest that you walk away, but the “benefit” (80K) of short sale or deed-in-lieu may not be worth it in my opinion.A couple of pieces of information that I would use to judge your situation objectively :
1. What would the house rent for ?
2. What area/neighborhood ?Given answers to these two questions would give us a feel for the downside and upside potential.
ParticipantI fully expect that some desireable areas (e.g. Solana Beach) will not correct as far as other areas, by the simple fact that they did not become nearly as bubbly to the upside.
Some might call this immunity, but since there are symptoms in these areas it is more like a resistance than an immunity.ParticipantI fully expect that some desireable areas (e.g. Solana Beach) will not correct as far as other areas, by the simple fact that they did not become nearly as bubbly to the upside.
Some might call this immunity, but since there are symptoms in these areas it is more like a resistance than an immunity.ParticipantI fully expect that some desireable areas (e.g. Solana Beach) will not correct as far as other areas, by the simple fact that they did not become nearly as bubbly to the upside.
Some might call this immunity, but since there are symptoms in these areas it is more like a resistance than an immunity. -
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