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investorParticipant
Good advice. I was planning on renting in a different area each year to get a good feel of each area. I actually don’t mind HOA as they can minimize people who don’t keep up the outside of their place. Cookie cutter homes can be a negative though. I’m actually a liberterian and I trust big government everywhere to do what comes naturally to them and become overly intrusive into people’s life. Cali, unfortunatly, is a good example, in my opinion, of just that. (no schools buses in some areas, mandatory recycling, high taxes, no screening of students for citizenship so scant resources go to US citizens rather…). But, you take the positive with the negative in life…… The reason I think that I would like coronado so much is it has the village concept with good schools and smaller mom and pop stores. I stayed in la jolla a few years back and loved the sea side but did not like the busy roads and lack of a community feel. Blackhorse, in northern la jolla, looked interesting though. What do you folks think about the blackhorse subdivision?
investorParticipantGood advice. I was planning on renting in a different area each year to get a good feel of each area. I actually don’t mind HOA as they can minimize people who don’t keep up the outside of their place. Cookie cutter homes can be a negative though. I’m actually a liberterian and I trust big government everywhere to do what comes naturally to them and become overly intrusive into people’s life. Cali, unfortunatly, is a good example, in my opinion, of just that. (no schools buses in some areas, mandatory recycling, high taxes, no screening of students for citizenship so scant resources go to US citizens rather…). But, you take the positive with the negative in life…… The reason I think that I would like coronado so much is it has the village concept with good schools and smaller mom and pop stores. I stayed in la jolla a few years back and loved the sea side but did not like the busy roads and lack of a community feel. Blackhorse, in northern la jolla, looked interesting though. What do you folks think about the blackhorse subdivision?
investorParticipantGood advice. I was planning on renting in a different area each year to get a good feel of each area. I actually don’t mind HOA as they can minimize people who don’t keep up the outside of their place. Cookie cutter homes can be a negative though. I’m actually a liberterian and I trust big government everywhere to do what comes naturally to them and become overly intrusive into people’s life. Cali, unfortunatly, is a good example, in my opinion, of just that. (no schools buses in some areas, mandatory recycling, high taxes, no screening of students for citizenship so scant resources go to US citizens rather…). But, you take the positive with the negative in life…… The reason I think that I would like coronado so much is it has the village concept with good schools and smaller mom and pop stores. I stayed in la jolla a few years back and loved the sea side but did not like the busy roads and lack of a community feel. Blackhorse, in northern la jolla, looked interesting though. What do you folks think about the blackhorse subdivision?
investorParticipantGood advice. I was planning on renting in a different area each year to get a good feel of each area. I actually don’t mind HOA as they can minimize people who don’t keep up the outside of their place. Cookie cutter homes can be a negative though. I’m actually a liberterian and I trust big government everywhere to do what comes naturally to them and become overly intrusive into people’s life. Cali, unfortunatly, is a good example, in my opinion, of just that. (no schools buses in some areas, mandatory recycling, high taxes, no screening of students for citizenship so scant resources go to US citizens rather…). But, you take the positive with the negative in life…… The reason I think that I would like coronado so much is it has the village concept with good schools and smaller mom and pop stores. I stayed in la jolla a few years back and loved the sea side but did not like the busy roads and lack of a community feel. Blackhorse, in northern la jolla, looked interesting though. What do you folks think about the blackhorse subdivision?
investorParticipantFlu: As long as there is a good kabob place nearby, my persian wife is OK with it. She is fairly americanized but does like the cuisine. (I’ve become a fan as well). Solano beach/ cardiff might be OK, I don’t know the area that well. What about huntington beach? orange county? Is the weather there comparable to coronado?
investorParticipantFlu: As long as there is a good kabob place nearby, my persian wife is OK with it. She is fairly americanized but does like the cuisine. (I’ve become a fan as well). Solano beach/ cardiff might be OK, I don’t know the area that well. What about huntington beach? orange county? Is the weather there comparable to coronado?
investorParticipantFlu: As long as there is a good kabob place nearby, my persian wife is OK with it. She is fairly americanized but does like the cuisine. (I’ve become a fan as well). Solano beach/ cardiff might be OK, I don’t know the area that well. What about huntington beach? orange county? Is the weather there comparable to coronado?
investorParticipantFlu: As long as there is a good kabob place nearby, my persian wife is OK with it. She is fairly americanized but does like the cuisine. (I’ve become a fan as well). Solano beach/ cardiff might be OK, I don’t know the area that well. What about huntington beach? orange county? Is the weather there comparable to coronado?
investorParticipantFlu: As long as there is a good kabob place nearby, my persian wife is OK with it. She is fairly americanized but does like the cuisine. (I’ve become a fan as well). Solano beach/ cardiff might be OK, I don’t know the area that well. What about huntington beach? orange county? Is the weather there comparable to coronado?
April 18, 2010 at 8:13 PM in reply to: Foreclosures will be the wrecking ball for the American economy #540326investorParticipantThere are 1 trillion in ARM mortgages due to reset in the next 1-4 years. another almost 1 trillion in ALT-A mortgages also due to reset in the next 1-4 years. Commercial loans amounting to 1.5 trillion are due to refinance in the next 1-4 years. Commercial loans have to be re appraised and completly refinanced every 3-10 years, unlike residential loans, so when their values fall 40% and the LTV goes from 100% to 70%, people have to come up with 50% of the original worth of the loan (made back when prices were overinfalted) in order to keep the same property that is going down in value. Commercial loand are also non-recourse, which means that the bank can not come after the person for payment. The bank gets the bad debt back with the property. My concern is that the fed will rescue all of this to the tune of 3-5 trillion, all with new money. I really have a hard time predicting what will happen then, aside from big time infaltion. We are in for a big W in our “recovery”. Buying a home now should be for long term use, not for flipping. You will probably get burned if you try flipping in these changing conditions. You tube has many videos about these topics. Elizabeth Warren, congerssional oversight commission chair, is a good place to start.
April 18, 2010 at 8:13 PM in reply to: Foreclosures will be the wrecking ball for the American economy #540444investorParticipantThere are 1 trillion in ARM mortgages due to reset in the next 1-4 years. another almost 1 trillion in ALT-A mortgages also due to reset in the next 1-4 years. Commercial loans amounting to 1.5 trillion are due to refinance in the next 1-4 years. Commercial loans have to be re appraised and completly refinanced every 3-10 years, unlike residential loans, so when their values fall 40% and the LTV goes from 100% to 70%, people have to come up with 50% of the original worth of the loan (made back when prices were overinfalted) in order to keep the same property that is going down in value. Commercial loand are also non-recourse, which means that the bank can not come after the person for payment. The bank gets the bad debt back with the property. My concern is that the fed will rescue all of this to the tune of 3-5 trillion, all with new money. I really have a hard time predicting what will happen then, aside from big time infaltion. We are in for a big W in our “recovery”. Buying a home now should be for long term use, not for flipping. You will probably get burned if you try flipping in these changing conditions. You tube has many videos about these topics. Elizabeth Warren, congerssional oversight commission chair, is a good place to start.
April 18, 2010 at 8:13 PM in reply to: Foreclosures will be the wrecking ball for the American economy #540911investorParticipantThere are 1 trillion in ARM mortgages due to reset in the next 1-4 years. another almost 1 trillion in ALT-A mortgages also due to reset in the next 1-4 years. Commercial loans amounting to 1.5 trillion are due to refinance in the next 1-4 years. Commercial loans have to be re appraised and completly refinanced every 3-10 years, unlike residential loans, so when their values fall 40% and the LTV goes from 100% to 70%, people have to come up with 50% of the original worth of the loan (made back when prices were overinfalted) in order to keep the same property that is going down in value. Commercial loand are also non-recourse, which means that the bank can not come after the person for payment. The bank gets the bad debt back with the property. My concern is that the fed will rescue all of this to the tune of 3-5 trillion, all with new money. I really have a hard time predicting what will happen then, aside from big time infaltion. We are in for a big W in our “recovery”. Buying a home now should be for long term use, not for flipping. You will probably get burned if you try flipping in these changing conditions. You tube has many videos about these topics. Elizabeth Warren, congerssional oversight commission chair, is a good place to start.
April 18, 2010 at 8:13 PM in reply to: Foreclosures will be the wrecking ball for the American economy #541003investorParticipantThere are 1 trillion in ARM mortgages due to reset in the next 1-4 years. another almost 1 trillion in ALT-A mortgages also due to reset in the next 1-4 years. Commercial loans amounting to 1.5 trillion are due to refinance in the next 1-4 years. Commercial loans have to be re appraised and completly refinanced every 3-10 years, unlike residential loans, so when their values fall 40% and the LTV goes from 100% to 70%, people have to come up with 50% of the original worth of the loan (made back when prices were overinfalted) in order to keep the same property that is going down in value. Commercial loand are also non-recourse, which means that the bank can not come after the person for payment. The bank gets the bad debt back with the property. My concern is that the fed will rescue all of this to the tune of 3-5 trillion, all with new money. I really have a hard time predicting what will happen then, aside from big time infaltion. We are in for a big W in our “recovery”. Buying a home now should be for long term use, not for flipping. You will probably get burned if you try flipping in these changing conditions. You tube has many videos about these topics. Elizabeth Warren, congerssional oversight commission chair, is a good place to start.
April 18, 2010 at 8:13 PM in reply to: Foreclosures will be the wrecking ball for the American economy #541263investorParticipantThere are 1 trillion in ARM mortgages due to reset in the next 1-4 years. another almost 1 trillion in ALT-A mortgages also due to reset in the next 1-4 years. Commercial loans amounting to 1.5 trillion are due to refinance in the next 1-4 years. Commercial loans have to be re appraised and completly refinanced every 3-10 years, unlike residential loans, so when their values fall 40% and the LTV goes from 100% to 70%, people have to come up with 50% of the original worth of the loan (made back when prices were overinfalted) in order to keep the same property that is going down in value. Commercial loand are also non-recourse, which means that the bank can not come after the person for payment. The bank gets the bad debt back with the property. My concern is that the fed will rescue all of this to the tune of 3-5 trillion, all with new money. I really have a hard time predicting what will happen then, aside from big time infaltion. We are in for a big W in our “recovery”. Buying a home now should be for long term use, not for flipping. You will probably get burned if you try flipping in these changing conditions. You tube has many videos about these topics. Elizabeth Warren, congerssional oversight commission chair, is a good place to start.
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