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August 17, 2007 at 1:03 PM in reply to: Are we gonna experience the same Japanese Housing Burst at 1991? #77087
fromnj
ParticipantI looked up the current mortgage info in Japan, and it has dramatically changed for past five years. Now, about 80% of new mortgage applications are based on some kinds of ARM.
In general, they require to have some assets to tie to the loan, so you cannot borrow a large amount of money based only on your income or credi sore.
But they may have some issues when the rate goes up.
August 17, 2007 at 1:03 PM in reply to: Are we gonna experience the same Japanese Housing Burst at 1991? #77208ParticipantI looked up the current mortgage info in Japan, and it has dramatically changed for past five years. Now, about 80% of new mortgage applications are based on some kinds of ARM.
In general, they require to have some assets to tie to the loan, so you cannot borrow a large amount of money based only on your income or credi sore.
But they may have some issues when the rate goes up.
August 17, 2007 at 1:03 PM in reply to: Are we gonna experience the same Japanese Housing Burst at 1991? #77233ParticipantI looked up the current mortgage info in Japan, and it has dramatically changed for past five years. Now, about 80% of new mortgage applications are based on some kinds of ARM.
In general, they require to have some assets to tie to the loan, so you cannot borrow a large amount of money based only on your income or credi sore.
But they may have some issues when the rate goes up.
ParticipantDear Temeculaguy
Are you serious? Are you the owner of such handlenames like rustico, bugs, perry et al? If you say, you are actually Rich himself, I may believe it now.
ParticipantDear Temeculaguy
Are you serious? Are you the owner of such handlenames like rustico, bugs, perry et al? If you say, you are actually Rich himself, I may believe it now.
ParticipantDear Temeculaguy
Are you serious? Are you the owner of such handlenames like rustico, bugs, perry et al? If you say, you are actually Rich himself, I may believe it now.
ParticipantIt is depending on which way you are heading. I am taking Rt56 west to Rt5 south around 7:00am, and it has no traffic any more. But if you try to take the same route later time, it might be different a little. At evening, merging from Rt5 north to Rt56 east is a little headache due to heavy traffic.
Now, it looks like they are trying to add one more lane around up to Carmel Valley exist, but not sure if it works better.In the future, the traffic will get worse since many houses are getting built in Del Sur/Pacific Highland etc.
By the way, I am not sure of how people are arranging their work hours there in San Diego. They come late and leave early.
ParticipantIt is depending on which way you are heading. I am taking Rt56 west to Rt5 south around 7:00am, and it has no traffic any more. But if you try to take the same route later time, it might be different a little. At evening, merging from Rt5 north to Rt56 east is a little headache due to heavy traffic.
Now, it looks like they are trying to add one more lane around up to Carmel Valley exist, but not sure if it works better.In the future, the traffic will get worse since many houses are getting built in Del Sur/Pacific Highland etc.
By the way, I am not sure of how people are arranging their work hours there in San Diego. They come late and leave early.
ParticipantIt is depending on which way you are heading. I am taking Rt56 west to Rt5 south around 7:00am, and it has no traffic any more. But if you try to take the same route later time, it might be different a little. At evening, merging from Rt5 north to Rt56 east is a little headache due to heavy traffic.
Now, it looks like they are trying to add one more lane around up to Carmel Valley exist, but not sure if it works better.In the future, the traffic will get worse since many houses are getting built in Del Sur/Pacific Highland etc.
By the way, I am not sure of how people are arranging their work hours there in San Diego. They come late and leave early.
ParticipantSo, is this figure right?
For San diego, about 20% of mortgages are so called subprime under this table.
http://www.ocregister.com/money/san-subprime-santa-1681806-table-tbody
Sunday, May 6, 2007
Subprime lending by countySubprime lending is dramatically more important in rural or fast-growing counties than it is along California’s coast. Subprime lenders captured 40 percent of the home purchase market in San Bernardino County – twice their statewide share. They also did unusually well in the San Joaquin Valley. Here is the loan volume, in billions of dollars, for all 58 California counties.
Sort this table by clicking on the labels at the top of each column.
County Prime Subprime Total Percent subprime
…
Orange $20.92 $5.54 $26.47 20.9%
Placer $3.62 $0.72 $4.34 16.5%
Plumas $0.12 $0.01 $0.13 9.2%
Riverside $16.94 $8.49 $25.43 33.4%
Sacramento $8.59 $3.92 $12.50 31.3%
San Benito $0.35 $0.20 $0.55 36.2%
San Bernardino $9.00 $6.08 $15.07 40.3%
San Diego $22.33 $5.67 $28.00 20.2%ParticipantSo, is this figure right?
For San diego, about 20% of mortgages are so called subprime under this table.
http://www.ocregister.com/money/san-subprime-santa-1681806-table-tbody
Sunday, May 6, 2007
Subprime lending by countySubprime lending is dramatically more important in rural or fast-growing counties than it is along California’s coast. Subprime lenders captured 40 percent of the home purchase market in San Bernardino County – twice their statewide share. They also did unusually well in the San Joaquin Valley. Here is the loan volume, in billions of dollars, for all 58 California counties.
Sort this table by clicking on the labels at the top of each column.
County Prime Subprime Total Percent subprime
…
Orange $20.92 $5.54 $26.47 20.9%
Placer $3.62 $0.72 $4.34 16.5%
Plumas $0.12 $0.01 $0.13 9.2%
Riverside $16.94 $8.49 $25.43 33.4%
Sacramento $8.59 $3.92 $12.50 31.3%
San Benito $0.35 $0.20 $0.55 36.2%
San Bernardino $9.00 $6.08 $15.07 40.3%
San Diego $22.33 $5.67 $28.00 20.2%ParticipantSo, is this figure right?
For San diego, about 20% of mortgages are so called subprime under this table.
http://www.ocregister.com/money/san-subprime-santa-1681806-table-tbody
Sunday, May 6, 2007
Subprime lending by countySubprime lending is dramatically more important in rural or fast-growing counties than it is along California’s coast. Subprime lenders captured 40 percent of the home purchase market in San Bernardino County – twice their statewide share. They also did unusually well in the San Joaquin Valley. Here is the loan volume, in billions of dollars, for all 58 California counties.
Sort this table by clicking on the labels at the top of each column.
County Prime Subprime Total Percent subprime
…
Orange $20.92 $5.54 $26.47 20.9%
Placer $3.62 $0.72 $4.34 16.5%
Plumas $0.12 $0.01 $0.13 9.2%
Riverside $16.94 $8.49 $25.43 33.4%
Sacramento $8.59 $3.92 $12.50 31.3%
San Benito $0.35 $0.20 $0.55 36.2%
San Bernardino $9.00 $6.08 $15.07 40.3%
San Diego $22.33 $5.67 $28.00 20.2%ParticipantIf someone has the right mind, the one will not buy this house to live.
As mentioned that this house is under the high voltage power line, but also just in front of the high tension tower. You can hear the nose from the power line just above.
While I have been jogging in this area, I have seen for-sale sign on this house for quite long time.This particular location is at cal de sac, but they should not have built the houses at the beginning.
ParticipantIf someone has the right mind, the one will not buy this house to live.
As mentioned that this house is under the high voltage power line, but also just in front of the high tension tower. You can hear the nose from the power line just above.
While I have been jogging in this area, I have seen for-sale sign on this house for quite long time.This particular location is at cal de sac, but they should not have built the houses at the beginning.
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