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(former)FormerSanDiegan
Participant100K down on properties in the 300-400K range in Clairemont/Mira Mesa for example would probably be close to break-even.
Participant92117 97 50
Whoa, active to pending in Clairemont is 2:1 !
Yikes !! I know these are getting close to making sense for first-time buyers when comparing to rent. I wonder how much is due to a backlog of short sale offers being sat upon ???
Otherwise, it seems pretty healthy to me.
From this metric, it looks like for the more affordable areas stuff is flying off the shelves.Participant92117 97 50
Whoa, active to pending in Clairemont is 2:1 !
Yikes !! I know these are getting close to making sense for first-time buyers when comparing to rent. I wonder how much is due to a backlog of short sale offers being sat upon ???
Otherwise, it seems pretty healthy to me.
From this metric, it looks like for the more affordable areas stuff is flying off the shelves.Participant92117 97 50
Whoa, active to pending in Clairemont is 2:1 !
Yikes !! I know these are getting close to making sense for first-time buyers when comparing to rent. I wonder how much is due to a backlog of short sale offers being sat upon ???
Otherwise, it seems pretty healthy to me.
From this metric, it looks like for the more affordable areas stuff is flying off the shelves.Participant92117 97 50
Whoa, active to pending in Clairemont is 2:1 !
Yikes !! I know these are getting close to making sense for first-time buyers when comparing to rent. I wonder how much is due to a backlog of short sale offers being sat upon ???
Otherwise, it seems pretty healthy to me.
From this metric, it looks like for the more affordable areas stuff is flying off the shelves.Participant92117 97 50
Whoa, active to pending in Clairemont is 2:1 !
Yikes !! I know these are getting close to making sense for first-time buyers when comparing to rent. I wonder how much is due to a backlog of short sale offers being sat upon ???
Otherwise, it seems pretty healthy to me.
From this metric, it looks like for the more affordable areas stuff is flying off the shelves.ParticipantSHort term rates are low because people are willing to accept 3% on short-term treasuries instead of putting the money in stocks, real estate, commodities, corporate bonds, junk bonds, mortgage backed securities, and long-term treasuries, etc.
Which asset classes do you think people should be putting their money into ? It seems to me that in scary economic times there is plenty of demand for short-term bonds.
ParticipantSHort term rates are low because people are willing to accept 3% on short-term treasuries instead of putting the money in stocks, real estate, commodities, corporate bonds, junk bonds, mortgage backed securities, and long-term treasuries, etc.
Which asset classes do you think people should be putting their money into ? It seems to me that in scary economic times there is plenty of demand for short-term bonds.
ParticipantSHort term rates are low because people are willing to accept 3% on short-term treasuries instead of putting the money in stocks, real estate, commodities, corporate bonds, junk bonds, mortgage backed securities, and long-term treasuries, etc.
Which asset classes do you think people should be putting their money into ? It seems to me that in scary economic times there is plenty of demand for short-term bonds.
ParticipantSHort term rates are low because people are willing to accept 3% on short-term treasuries instead of putting the money in stocks, real estate, commodities, corporate bonds, junk bonds, mortgage backed securities, and long-term treasuries, etc.
Which asset classes do you think people should be putting their money into ? It seems to me that in scary economic times there is plenty of demand for short-term bonds.
ParticipantSHort term rates are low because people are willing to accept 3% on short-term treasuries instead of putting the money in stocks, real estate, commodities, corporate bonds, junk bonds, mortgage backed securities, and long-term treasuries, etc.
Which asset classes do you think people should be putting their money into ? It seems to me that in scary economic times there is plenty of demand for short-term bonds.
ParticipantDepending on short-term interest rates, these future loan resets may or may not be as much of a problem as advertised. Personally, I think it is being overblown. The Option ARMS are certainly toast, but the other varieties … remains to be seen.
Consider a 5/1 IO ARM loan originating in 2005 at an initial rate of 5.625%.
Typical terms:
Margin : 2.25%
Index: 12-month LIBORAt today’s LIBOR, this resets to 5.5 %. So, the difference in payment is not 50% as the article states, but more like 20-25%.
It all depends on where the Index rates (these are short-term rates, either 1-year or 6-month treasuries or LIBOR) are upon reset.
ParticipantDepending on short-term interest rates, these future loan resets may or may not be as much of a problem as advertised. Personally, I think it is being overblown. The Option ARMS are certainly toast, but the other varieties … remains to be seen.
Consider a 5/1 IO ARM loan originating in 2005 at an initial rate of 5.625%.
Typical terms:
Margin : 2.25%
Index: 12-month LIBORAt today’s LIBOR, this resets to 5.5 %. So, the difference in payment is not 50% as the article states, but more like 20-25%.
It all depends on where the Index rates (these are short-term rates, either 1-year or 6-month treasuries or LIBOR) are upon reset.
ParticipantDepending on short-term interest rates, these future loan resets may or may not be as much of a problem as advertised. Personally, I think it is being overblown. The Option ARMS are certainly toast, but the other varieties … remains to be seen.
Consider a 5/1 IO ARM loan originating in 2005 at an initial rate of 5.625%.
Typical terms:
Margin : 2.25%
Index: 12-month LIBORAt today’s LIBOR, this resets to 5.5 %. So, the difference in payment is not 50% as the article states, but more like 20-25%.
It all depends on where the Index rates (these are short-term rates, either 1-year or 6-month treasuries or LIBOR) are upon reset.
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