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ibjames
ParticipantWith all the short sales and other activity, I can’t see how people see a 20% decline in overall price and 20% in inflation. It just seems like it would be more of an overall price decline that is going to happen more than inflation, thoughts?
ibjames
ParticipantThat sucks, even at those kind of prices, Detroit is a pit
ibjames
ParticipantI watch this and also appreciate your input on things
ibjames
Participantin my neck of the woods, that means it would be a LOOOOONG time before incomes catch up. I think more of a decline has to happen
March 14, 2007 at 2:40 PM in reply to: Get fired up! Congress considering bailing out SUB PRIME! #47682ibjames
Participantignorance is bliss
ibjames
ParticipantSo what were those prices for those years? 97 and 02?
ibjames
ParticipantPerry, you mention 2002 prices, that it could sink below that even. What was the average price for condo, and detached during that time?
ibjames
ParticipantI.T. is the same may, every hooligan that doesn’t want to go to college and instead goes to some quick certification place is flooding the industry..
In a working environment it shows they know jack and just passed tests.
ibjames
ParticipantI wish they’d drop to those levels 🙁
I do hope that downpayments are enforce, I too have bought property with 80/20 loans and came out fine, but this time around I’ll have a downpayment. If I can’t get into a place, I’ll just save more.
ibjames
ParticipantBob G, your sarcasm is not only unproductive it’s unappropriate. He should be proud that his wife is home taking care of the kids (I wish more people were involved with their kids like this) and he is making more than 100k, which is well above the median salary for San Diego. Don’t knock someone down because of your own personal issues. He is asking a question and the mature people are giving responses that are useful. You sir are a troll.
ibjames
Participantthanks a million!
ibjames
ParticipantI hope all of you are correct, but prices have to drop so much to make things affordable that sometimes I have doubts
ibjames
ParticipantThanks alot everyone, I think we are going to up our 401ks and see what happens 🙂
I’m using software to do this? Where can I get this 2 income sheet?
ibjames
ParticipantThat’s what I’m thinking, I have to claim 0 and have additional money taken out 🙁 I’m thinking of not doing this and just banking the money and owing at the end of the year also, kind of how we did it last year
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