Forum Replies Created
-
AuthorPosts
-
GoUSC
ParticipantThere is no such thing as “no choice really”. And I don’t care how much you trust this “friend” of yours. Any kind of creative financing right now is a bad idea. Period.
August 1, 2007 at 12:01 PM in reply to: Nice place but never in a million years could I afford it yet. #69220Participantbsrsharma you’ve been married too long…
hahahah
Florida is an ok street, the lot is small, it won’t sell for that. No way no how.
August 1, 2007 at 12:01 PM in reply to: Nice place but never in a million years could I afford it yet. #69291Participantbsrsharma you’ve been married too long…
hahahah
Florida is an ok street, the lot is small, it won’t sell for that. No way no how.
ParticipantWalk away. Don’t get emotionally wrapped up in this house. I had the same thing happen to me and just walked away. There will be other houses and they’ll be cheaper. It is difficult/impossible to prove a broker is lying. And like stated above the seller is probably just a flake.
FYI the house I walked away from did close for $10k above asking. The buyer, finance 100% from none other than AMERICAN HOME MORTGAGE. HAHAHAHHAA. I predict he will be defaulting in a few months.
ParticipantWalk away. Don’t get emotionally wrapped up in this house. I had the same thing happen to me and just walked away. There will be other houses and they’ll be cheaper. It is difficult/impossible to prove a broker is lying. And like stated above the seller is probably just a flake.
FYI the house I walked away from did close for $10k above asking. The buyer, finance 100% from none other than AMERICAN HOME MORTGAGE. HAHAHAHHAA. I predict he will be defaulting in a few months.
ParticipantIf you outlaw stated income what do self-employed people do to verify income?
ParticipantIf you outlaw stated income what do self-employed people do to verify income?
ParticipantI am happy when the market goes up because, in general, my 401k does well.
To be honest, ideally I would like to see the US continue to expand because we are switching from a consumption national to a production nation (go GM!)…not that that will happen. I think a lot of people on this board are, like me, pissed off they have been priced out of the housing market (In my case I could still afford a house but I refuse to pay a mortgage so out of whack with rents) and they want to see a correction to quicken the pace of housing price changes.
ParticipantI am happy when the market goes up because, in general, my 401k does well.
To be honest, ideally I would like to see the US continue to expand because we are switching from a consumption national to a production nation (go GM!)…not that that will happen. I think a lot of people on this board are, like me, pissed off they have been priced out of the housing market (In my case I could still afford a house but I refuse to pay a mortgage so out of whack with rents) and they want to see a correction to quicken the pace of housing price changes.
Participantno_such exactly. He is speaking to capital preservation. Aka don’t throw all the cash you have in the bank chasing an upside down home. I hate to say but but it’s true.
Participantno_such exactly. He is speaking to capital preservation. Aka don’t throw all the cash you have in the bank chasing an upside down home. I hate to say but but it’s true.
ParticipantBeen quoted before but how the hell did this guy get any investors to buy his toxic crap with quotes like this:
“The consumer has to be an idiot to take on those loans,” he said. “But it has been one of our best-performing investments.”
His arguement was that the assets behind the money were valuable (aka homes) but that’s assuming they don’t fall in value… Well Mr. Bigshot is probably hemmoraging cash now and having to answer tough questions. So much for the big boat, cars, jets, houses, etc.
ParticipantBeen quoted before but how the hell did this guy get any investors to buy his toxic crap with quotes like this:
“The consumer has to be an idiot to take on those loans,” he said. “But it has been one of our best-performing investments.”
His arguement was that the assets behind the money were valuable (aka homes) but that’s assuming they don’t fall in value… Well Mr. Bigshot is probably hemmoraging cash now and having to answer tough questions. So much for the big boat, cars, jets, houses, etc.
ParticipantThere is going to be an announcment on AHM sometime today. I bet they were up all weekend trying to find someone to give them credit…unlikely that they did.
-
AuthorPosts