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(former)FormerSanDiegan
ParticipantFannie Mae is supposed to set the maximum conforming loan amount based on October-to-October changes in the mean home price. SO, the loan limits have historically tracked the housing market. The loan limits are a lagging indicator.
The interesting thing currently is that they are being allowed to keep them at the same limit, rather than being forced to lower the limit based on market conditions.
ParticipantFannie Mae is supposed to set the maximum conforming loan amount based on October-to-October changes in the mean home price. SO, the loan limits have historically tracked the housing market. The loan limits are a lagging indicator.
The interesting thing currently is that they are being allowed to keep them at the same limit, rather than being forced to lower the limit based on market conditions.
ParticipantFannie Mae is supposed to set the maximum conforming loan amount based on October-to-October changes in the mean home price. SO, the loan limits have historically tracked the housing market. The loan limits are a lagging indicator.
The interesting thing currently is that they are being allowed to keep them at the same limit, rather than being forced to lower the limit based on market conditions.
ParticipantFannie Mae is supposed to set the maximum conforming loan amount based on October-to-October changes in the mean home price. SO, the loan limits have historically tracked the housing market. The loan limits are a lagging indicator.
The interesting thing currently is that they are being allowed to keep them at the same limit, rather than being forced to lower the limit based on market conditions.
ParticipantI think you are combining too many issues.
First, rent a place in the area you think makes sense with respect to your part-time commute and in an area you can afford to buy. After 6 months or so you’ll know whether this will work out for you. If it does work out, then start considering where to buy. You’ll likely be buying in 9 moths to a year from now.
A years’ worth of extra taxes is a small price to pay. There is no hurry to buy, the trend is your friend in this market.
ParticipantI think you are combining too many issues.
First, rent a place in the area you think makes sense with respect to your part-time commute and in an area you can afford to buy. After 6 months or so you’ll know whether this will work out for you. If it does work out, then start considering where to buy. You’ll likely be buying in 9 moths to a year from now.
A years’ worth of extra taxes is a small price to pay. There is no hurry to buy, the trend is your friend in this market.
ParticipantI think you are combining too many issues.
First, rent a place in the area you think makes sense with respect to your part-time commute and in an area you can afford to buy. After 6 months or so you’ll know whether this will work out for you. If it does work out, then start considering where to buy. You’ll likely be buying in 9 moths to a year from now.
A years’ worth of extra taxes is a small price to pay. There is no hurry to buy, the trend is your friend in this market.
ParticipantI think you are combining too many issues.
First, rent a place in the area you think makes sense with respect to your part-time commute and in an area you can afford to buy. After 6 months or so you’ll know whether this will work out for you. If it does work out, then start considering where to buy. You’ll likely be buying in 9 moths to a year from now.
A years’ worth of extra taxes is a small price to pay. There is no hurry to buy, the trend is your friend in this market.
ParticipantI think you are combining too many issues.
First, rent a place in the area you think makes sense with respect to your part-time commute and in an area you can afford to buy. After 6 months or so you’ll know whether this will work out for you. If it does work out, then start considering where to buy. You’ll likely be buying in 9 moths to a year from now.
A years’ worth of extra taxes is a small price to pay. There is no hurry to buy, the trend is your friend in this market.
ParticipantI’m a 3 on the bitterness scale. I am normally a 1, but I am upset that I didn’t raise my tenants’ rent 10% on the current lease like some are experiencing here … http://piggington.com/10_rent_increase
ParticipantI’m a 3 on the bitterness scale. I am normally a 1, but I am upset that I didn’t raise my tenants’ rent 10% on the current lease like some are experiencing here … http://piggington.com/10_rent_increase
ParticipantI’m a 3 on the bitterness scale. I am normally a 1, but I am upset that I didn’t raise my tenants’ rent 10% on the current lease like some are experiencing here … http://piggington.com/10_rent_increase
ParticipantI’m a 3 on the bitterness scale. I am normally a 1, but I am upset that I didn’t raise my tenants’ rent 10% on the current lease like some are experiencing here … http://piggington.com/10_rent_increase
ParticipantI’m a 3 on the bitterness scale. I am normally a 1, but I am upset that I didn’t raise my tenants’ rent 10% on the current lease like some are experiencing here … http://piggington.com/10_rent_increase
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