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June 26, 2008 at 3:12 PM in reply to: Sales of of existing homes rose slightly, in other news DOW drops 358 to 11453 #229168June 26, 2008 at 3:12 PM in reply to: Sales of of existing homes rose slightly, in other news DOW drops 358 to 11453 #229184
(former)FormerSanDiegan
ParticipantI’m thinking of buying some stocks (broad index). Not all in, but at these levels it’s time to start nibbling. After all, we are approaching Dec 1998 levels on the S&P 500.
When oil hits $170 I’ll buy some more.
ParticipantThings I liked when living there …
The Weather, of course.
Proximity to desert, mountains for camping/hiking.
Great beaches.
Plenty of activities for the kids.
Cool parks.
It was 10-15 minutes to anything (downtown, Jack Murphy, Sea World, Balboa Park, Zoo, Beaches )
Mexican food.
Lack of mosquitos and flying pests in general.Things I didn’t realize that I liked until I moved away
Laid back attitude.
Minimal traffic (compared to LA)
Relatively inexpensive housing (Compared to LA)ParticipantThings I liked when living there …
The Weather, of course.
Proximity to desert, mountains for camping/hiking.
Great beaches.
Plenty of activities for the kids.
Cool parks.
It was 10-15 minutes to anything (downtown, Jack Murphy, Sea World, Balboa Park, Zoo, Beaches )
Mexican food.
Lack of mosquitos and flying pests in general.Things I didn’t realize that I liked until I moved away
Laid back attitude.
Minimal traffic (compared to LA)
Relatively inexpensive housing (Compared to LA)ParticipantThings I liked when living there …
The Weather, of course.
Proximity to desert, mountains for camping/hiking.
Great beaches.
Plenty of activities for the kids.
Cool parks.
It was 10-15 minutes to anything (downtown, Jack Murphy, Sea World, Balboa Park, Zoo, Beaches )
Mexican food.
Lack of mosquitos and flying pests in general.Things I didn’t realize that I liked until I moved away
Laid back attitude.
Minimal traffic (compared to LA)
Relatively inexpensive housing (Compared to LA)ParticipantThings I liked when living there …
The Weather, of course.
Proximity to desert, mountains for camping/hiking.
Great beaches.
Plenty of activities for the kids.
Cool parks.
It was 10-15 minutes to anything (downtown, Jack Murphy, Sea World, Balboa Park, Zoo, Beaches )
Mexican food.
Lack of mosquitos and flying pests in general.Things I didn’t realize that I liked until I moved away
Laid back attitude.
Minimal traffic (compared to LA)
Relatively inexpensive housing (Compared to LA)ParticipantThings I liked when living there …
The Weather, of course.
Proximity to desert, mountains for camping/hiking.
Great beaches.
Plenty of activities for the kids.
Cool parks.
It was 10-15 minutes to anything (downtown, Jack Murphy, Sea World, Balboa Park, Zoo, Beaches )
Mexican food.
Lack of mosquitos and flying pests in general.Things I didn’t realize that I liked until I moved away
Laid back attitude.
Minimal traffic (compared to LA)
Relatively inexpensive housing (Compared to LA)Participant[quote=jpinpb][img_assist|nid=8046|title=0 down|desc=
OK. It’s official. Times are desperate for William Lyons. Pulling all the stops. Doing whatever they can to sell.
Isn’t this what got us in trouble in the first place? So we have learned nothing. I anticipate trouble at SC down the road. Haven’t seen any NODs or foreclosures yet. Still early.|link=node|align=left|width=100|height=47][/quote]
I don’t think 3% down (or 0%) down by itself is what caused this mess. In fact in 1996 when I was looking for loans I considered a 3% down FHA, then went with a 5% down conventional loan with PMI and has the seller pay 2 or 3% towards closing costs.
I fully expect that these types of loans will be available (to qualified buyers, based on conservative DTI ratios) when we start bouncing along a bottom over the next couple years.The real problem in funny loans of 2002-2007 was the layering of risk factors, such as the combination of stated-income, high DTI, interest only and low-down, that allowed the bubble to exceed “normal” RE cycle bubbliness.
Participant[quote=jpinpb][img_assist|nid=8046|title=0 down|desc=
OK. It’s official. Times are desperate for William Lyons. Pulling all the stops. Doing whatever they can to sell.
Isn’t this what got us in trouble in the first place? So we have learned nothing. I anticipate trouble at SC down the road. Haven’t seen any NODs or foreclosures yet. Still early.|link=node|align=left|width=100|height=47][/quote]
I don’t think 3% down (or 0%) down by itself is what caused this mess. In fact in 1996 when I was looking for loans I considered a 3% down FHA, then went with a 5% down conventional loan with PMI and has the seller pay 2 or 3% towards closing costs.
I fully expect that these types of loans will be available (to qualified buyers, based on conservative DTI ratios) when we start bouncing along a bottom over the next couple years.The real problem in funny loans of 2002-2007 was the layering of risk factors, such as the combination of stated-income, high DTI, interest only and low-down, that allowed the bubble to exceed “normal” RE cycle bubbliness.
Participant[quote=jpinpb][img_assist|nid=8046|title=0 down|desc=
OK. It’s official. Times are desperate for William Lyons. Pulling all the stops. Doing whatever they can to sell.
Isn’t this what got us in trouble in the first place? So we have learned nothing. I anticipate trouble at SC down the road. Haven’t seen any NODs or foreclosures yet. Still early.|link=node|align=left|width=100|height=47][/quote]
I don’t think 3% down (or 0%) down by itself is what caused this mess. In fact in 1996 when I was looking for loans I considered a 3% down FHA, then went with a 5% down conventional loan with PMI and has the seller pay 2 or 3% towards closing costs.
I fully expect that these types of loans will be available (to qualified buyers, based on conservative DTI ratios) when we start bouncing along a bottom over the next couple years.The real problem in funny loans of 2002-2007 was the layering of risk factors, such as the combination of stated-income, high DTI, interest only and low-down, that allowed the bubble to exceed “normal” RE cycle bubbliness.
Participant[quote=jpinpb][img_assist|nid=8046|title=0 down|desc=
OK. It’s official. Times are desperate for William Lyons. Pulling all the stops. Doing whatever they can to sell.
Isn’t this what got us in trouble in the first place? So we have learned nothing. I anticipate trouble at SC down the road. Haven’t seen any NODs or foreclosures yet. Still early.|link=node|align=left|width=100|height=47][/quote]
I don’t think 3% down (or 0%) down by itself is what caused this mess. In fact in 1996 when I was looking for loans I considered a 3% down FHA, then went with a 5% down conventional loan with PMI and has the seller pay 2 or 3% towards closing costs.
I fully expect that these types of loans will be available (to qualified buyers, based on conservative DTI ratios) when we start bouncing along a bottom over the next couple years.The real problem in funny loans of 2002-2007 was the layering of risk factors, such as the combination of stated-income, high DTI, interest only and low-down, that allowed the bubble to exceed “normal” RE cycle bubbliness.
Participant[quote=jpinpb][img_assist|nid=8046|title=0 down|desc=
OK. It’s official. Times are desperate for William Lyons. Pulling all the stops. Doing whatever they can to sell.
Isn’t this what got us in trouble in the first place? So we have learned nothing. I anticipate trouble at SC down the road. Haven’t seen any NODs or foreclosures yet. Still early.|link=node|align=left|width=100|height=47][/quote]
I don’t think 3% down (or 0%) down by itself is what caused this mess. In fact in 1996 when I was looking for loans I considered a 3% down FHA, then went with a 5% down conventional loan with PMI and has the seller pay 2 or 3% towards closing costs.
I fully expect that these types of loans will be available (to qualified buyers, based on conservative DTI ratios) when we start bouncing along a bottom over the next couple years.The real problem in funny loans of 2002-2007 was the layering of risk factors, such as the combination of stated-income, high DTI, interest only and low-down, that allowed the bubble to exceed “normal” RE cycle bubbliness.
ParticipantI think the answer is obvious.
A few questions to ask yourself
1. What was the purpose of the money put into the CD in the first place ?
2. Is that still the purpose for this money ? If so, find an appropriate institution to provide a reasonable safe return on that money (might be WAMU, might not)
3. Does your mother need any kind of life insurance policy ? Does she need long-term care insurance ? If so, then research and find out what policy she might need and find the best coverage and rates from the Insurance providers out there.
4. What are the odds that her bank, WAMU with which it made sense to have a CD parked a while back, just so happens to offer the best insurance policy that she didn’t know she needed just when her CD matures ?ParticipantI think the answer is obvious.
A few questions to ask yourself
1. What was the purpose of the money put into the CD in the first place ?
2. Is that still the purpose for this money ? If so, find an appropriate institution to provide a reasonable safe return on that money (might be WAMU, might not)
3. Does your mother need any kind of life insurance policy ? Does she need long-term care insurance ? If so, then research and find out what policy she might need and find the best coverage and rates from the Insurance providers out there.
4. What are the odds that her bank, WAMU with which it made sense to have a CD parked a while back, just so happens to offer the best insurance policy that she didn’t know she needed just when her CD matures ?ParticipantI think the answer is obvious.
A few questions to ask yourself
1. What was the purpose of the money put into the CD in the first place ?
2. Is that still the purpose for this money ? If so, find an appropriate institution to provide a reasonable safe return on that money (might be WAMU, might not)
3. Does your mother need any kind of life insurance policy ? Does she need long-term care insurance ? If so, then research and find out what policy she might need and find the best coverage and rates from the Insurance providers out there.
4. What are the odds that her bank, WAMU with which it made sense to have a CD parked a while back, just so happens to offer the best insurance policy that she didn’t know she needed just when her CD matures ? -
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