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September 19, 2012 at 9:18 AM in reply to: Holy $%@#^$%#@%$#%$#@: 15 year conforming at 2.476%/ 30year at 3.181%apr #751557
Huckleberry
ParticipantSeriously bad call…
Glad I went to opposite direction and bought calls!
ParticipantDean Moore did an awesome job for us. Very honest and high quality workmanship!
PM me if you would like a before and after photo presentation of his work.
Participant[quote=flu]No startup. But loading up on qualcomm. Assuming they take care of their supply issues.[/quote]
I am also loading up on QCOM. Many analysts state this is a $65 stock by EOY. Trading in mid 50’s now is a great discount…
ParticipantPersonally I beleive there is always a conflict of interest when an agent is working both sides of the transaction, no matter how hard they try to be objective.
That being said, I just had an outstanding experience purchasing a home in Pacific Beach with this realtor…
If you are looking for an outstanding broker/realtor, look no further! Whether you’re buying or selling, involved in a multi-million dollar investment partnership/group, or looking for a $350K primary residence, I have found the guy!
Gregg Whitney is at the absolute 1% top of the class.
I literally spent two weeks interviewing approximately 30 realtors and brokers from Remax, Coldwell Banker, Century 21, and many other small independent companies. My criteria was very stringent and our target location very specific (15 block radius in Pacific Beach, CA. 92109). I knew we needed someone with tons of knowledge of the area (as the homes are 1940 era), preferably growing up there. I also wanted someone with extensive real estate investment background, knowing that this type of person would be astute in negotiation tactics, understanding of property pricing points for excellent value purchases, and general financial market dynamics. Lastly, I knew I needed someone with widespread short sale and foreclosure experience considering the current market conditions. Based on my interviews you would be surprised, but 97% of realtors and brokers in the industry do NOT have these very basic skills.
In a six month time period we inspected almost 20 properties, and submitted six very “aggressive” offers. These were so aggressive that most sellers didn’t even bother to respond. The house Gregg helped us purchase was an estate sale which we closed on at a solid 10% discount. Now this may not seem like much, but in one of the most desired beach communities in San Diego, this is monumental!
Gregg’s negotiating skills are unsurpassed. He can hammer out any unfavorable position you may be in and come away with a favorable outcome. He truly does understand the legalities and nuances of the real estate, investing, mortgage and escrow industries.
He also has an extensive network of resources – inspectors, structural engineers, contractors, etc., everyone he has experience with both personally and professionally. We actually hired his sub-contractor buddy to completely remodel our new house. The project came in on time, on budget and every bit of what we wanted with absolute satisfaction in all aspects!
Additionally, my father is a well-known CPA from L.A. with 50 years’ experience putting together real estate investment partnerships, small and large, residential and commercial. He and Gregg spoke many times on the phone regarding our purchase and other general real estate subject matter. Even he was VERY impressed with Gregg’s knowledge, experience and professionalism.
On a side note, he also has an engaging, fun personality and a sense of humor that will keep you laughing for days…
You can view many other customer reviews of Gregg and his firm on Zillow at:
http://www.zillow.com/profile/Gregg-Whitney/Reviews/If you would like any more specifics or have questions regarding Gregg or his firm (Billionaire’s Row of La Jolla – http://www.billionairesrowlajolla.com/), feel free to email me at [email protected].
ParticipantIf you are looking for an outstanding broker/realtor, look no further! Whether you’re buying or selling, involved in a multi-million dollar investment partnership/group, or looking for a $350K primary residence, I have found the guy!
Gregg Whitney is at the absolute 1% top of the class.
I literally spent two weeks interviewing approximately 30 realtors and brokers from Remax, Coldwell Banker, Century 21, and many other small independent companies. My criteria was very stringent and our target location very specific (15 block radius in Pacific Beach, CA. 92109). I knew we needed someone with tons of knowledge of the area (as the homes are 1940 era), preferably growing up there. I also wanted someone with extensive real estate investment background, knowing that this type of person would be astute in negotiation tactics, understanding of property pricing points for excellent value purchases, and general financial market dynamics. Lastly, I knew I needed someone with widespread short sale and foreclosure experience considering the current market conditions. Based on my interviews you would be surprised, but 97% of realtors and brokers in the industry do NOT have these very basic skills.
In a six month time period we inspected almost 20 properties, and submitted six very “aggressive” offers. These were so aggressive that most sellers didn’t even bother to respond. The house Gregg helped us purchase was an estate sale which we closed on at a solid 10% discount. Now this may not seem like much, but in one of the most desired beach communities in San Diego, this is monumental!
Gregg’s negotiating skills are unsurpassed. He can hammer out any unfavorable position you may be in and come away with a favorable outcome. He truly does understand the legalities and nuances of the real estate, investing, mortgage and escrow industries.
He also has an extensive network of resources – inspectors, structural engineers, contractors, etc., everyone he has experience with both personally and professionally. We actually hired his sub-contractor buddy to completely remodel our new house. The project came in on time, on budget and every bit of what we wanted with absolute satisfaction in all aspects!
Additionally, my father is a well-known CPA from L.A. with 50 years’ experience putting together real estate investment partnerships, small and large, residential and commercial. He and Gregg spoke many times on the phone regarding our purchase and other general real estate subject matter. Even he was VERY impressed with Gregg’s knowledge, experience and professionalism.
On a side note, he also has an engaging, fun personality and a sense of humor that will keep you laughing for days…
You can view many other customer reviews of Gregg and his firm on Zillow at:
http://www.zillow.com/profile/Gregg-Whitney/Reviews/If you would like any more specifics or have questions regarding Gregg or his firm (Billionaire’s Row of La Jolla – http://www.billionairesrowlajolla.com/), feel free to email me at [email protected].
ParticipantOkay, so based on all of your points on how the 10 year treasury yield is derived, where do you think long term (10 yr.) rates go from here through the end of 2012?
ParticipantSure, but the Fed is the one in control of Quantitative Easing (QE) and Operation Twist which we have all heard so much about.
These programs/policies have the effect of pushing down long term rates.
Do you think they will continue these programs or finally let the free markets do what they need to?
ParticipantDo you think they’ll keep going up or will the Fed push them back down to continue stimulating the housing sector?
ParticipantI’m also looking for some good advice along these lines.
I have never engaged in landscaping projects before and am looking for any “best practices” advice Piggs have to offer…
February 9, 2012 at 9:41 AM in reply to: Wag the tail… Mortgage servicer immunity for minor mortgage relief #737620ParticipantAnd in all actuality, it’s the taxpayer paying for the principal reductions! Once again, the little guy getting shafted by govt and big banks…
“The mortgage principal write-downs are guaranteed to come almost entirely from securitized loans, which means from investors, which in turn means taxpayers via Fannie and Freddie, pension funds, insurers, and 401 (k)s,” writes Yves Smith at Naked Capitalism. “That $20 billion actually makes bank second liens sounder, so this deal is a stealth bailout that strengthens bank balance sheets at the expense of the broader public.” (See: Obama’s Refi Plan Is Another Bank Bailout, Stockman Says: “The Worst Kind of Crony Socialism”)
January 24, 2012 at 10:06 AM in reply to: A guy I know of just got a $200k principle reduction in OC #736656Participant[quote=ctr70]How about we band together and everyone in the U.S. with a mortgage stop making our mortgage payments so we can all get a principle reduction and a 3% 30 yr fixed?[/quote]
I personally don’t own yet, but I do know two separate couples (one in Vegas and one in Pacific Beach) that did just that.
They saw others getting loan mods and principal reductions, so stopped making payments and fabricated stories of distress. The PB couple got a $200K principal reduction and loan mod on a $800K (purchase price in 2006) condo one block from beach. The Vegas couple got no love from bank, so just mailed the keys back on a house purchased for $275 in 2005.
It’s like the banks are more willing to help out the higher value owners and give the finger to the lower value ones.
Participant[quote=flu]I do have one prediction. We are going to see defense budgets shrink…And that’s going to end up spoiling the economic recovery in Southern California…The Northern CA economy will probably do better than us SoCal for the next few years.[/quote]
I have been giving this serious thought over the past six months and wondering what the impact will be on home prices in coastal SD (west of 5 in PB, OB, Solana Beach, Del Mar).
I do know when the defense budget was significantly scaled back here (in the early 90’s I think), it had a profoundly negative impact on house prices, even in the coastal neighborhoods.
Is the defense budget going to have a direct and negative impact on employment here and what percentage (in unemployment terms) would this look like?
Any predictions what’s going to happen to house valuations this time around? Down another 10%, 20% 30%, or nominal impact?
Participant[quote=walterwhite]carbon fiber is crap.
here’s a true american bike company.
steel is real.[/quote]
Carbon fiber is NOT crap!
I manufacture a carbon fiber product called a SKEGPROTECTOR (http://skegprotector.com) that is stronger than my competitors products and gets much better reviews by consumers.
Composite materials are used in both aerospace and military applications where steel is too heavy nor strong enough.
If you truly understood the nature and engineering of composite materials you wouldn’t make such BOLD and naive statements.
Oh, and my product is made in the USA, right up in Oceanside!
ParticipantHas anyone heard any updates on the loan limit changes, specifically for SD?
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