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Jazzman
Participant[quote=carlsbadworker]Yes, what you didn’t know is that fannie/Freddie can ask banks to buy back the loan if the borrower didn’t meet the qualification standard. It actually happens pretty often, so sometimes bank enforces tougher standard than required to limit their risks. Also, not everyone in government works for Obama, sometimes they have different political backing and goals.[/quote]
Not sure I understand that. How can a loan be given in the first place if the borrower didn’t qualify?Participant[quote=threadkiller]Gold prices are global
Interest rates are national
Real estate is local[/quote]
Not so sure about that. I think much of it has gone global.ParticipantMany places around the world have always had expensive real estate. The difference is these are no longer isolated enclaves for the super rich, but have spread to middle class areas. You only need to check back over the last 10-20 years to see how much home prices have accelerated. It is frightening! Theories on number of sunshine hours, golf courses, haute cuisine establishments don’t really cut it, as I don’t think you can say SD is twice as good as Charlotte, and therefore should command twice the price. Cheap credit, broke social security, and Wall Street seem a more likely candidate. The importance of RE to the local economy might be another. The truth is we never got over our bubble addiction. Government medication prevented the pain of going ‘cold turkey’, and is it any wonder the tax payer feels aggrieved. It’s a mystery why there haven’t been riots on the streets, frankly.
Participant[quote=njtosd]Is this actually an easement or is it what is sometimes called a “flag lot”? If you bought this property, would you own the driveway that you are talking about, or is it a small strip that is owned by other property owners? I ask this because you mention maintenance of the area; if it is owned by you with an easement benefitting the other owners, the maintenance would be your responsibility, not theirs, and you might owe a duty to them to maintain it in a safe condition. An easement will be identified on the survey map that is provided to you by the title company. You should get this clarified if you are still interested in the house.[/quote]
My understanding is that the home we offered on owned the easement but maintenance was the responsibility of the homes behind. Apparently, they resurfaced the road without even asking permission. Luckily they did a nice job. From what you are saying, responsibility for maintenance could have fallen to us.ParticipantDidn’t get as far as title. I discovered the problem by accident on a second visit. I had assumed a hedge was shielding the home, until the sellers broker pointed out the hedge was on the neighbors side. I put the blame mostly on my shoulders, but it goes to show you can’t depend on others always to point out the obvious.
ParticipantWell, I’m glad it’s not just me. What I find surprising is that the inspection report (provided by seller) made no mention of it, and neither did my broker Perhaps it’s too obvious, or doesn’t normally cause problems.
ParticipantThis is a residential easement. There are two properties behind this home, so double the traffic. The easement road is paved and wide enough to accommodate a medium sized truck, but one corner of the house buts right up to the easement. A small error in driver judgement would be nasty. I assume delivery trucks would use it, but I’m guessing the owners wheel their garbage bins out onto the road, which I see as another potential conflict. Maintenance enforcement is another source of conflict I guess. It seems to me that any home with easements should be priced accordingly.
ParticipantAuction over and highest bid was over $200k below list price. Time to go in for the kill, or will the bank cock a snook?
ParticipantAuction over and highest bid was over $200k below list price. Time to go in for the kill, or will the bank cock a snook?
ParticipantAuction over and highest bid was over $200k below list price. Time to go in for the kill, or will the bank cock a snook?
ParticipantAuction over and highest bid was over $200k below list price. Time to go in for the kill, or will the bank cock a snook?
ParticipantAuction over and highest bid was over $200k below list price. Time to go in for the kill, or will the bank cock a snook?
Participant[quote=Allan from Fallbrook][quote=Jazzman]
As to whether European powers thought Napoleon a “thug”, the term itself is derived
from “thugee” a notorious 19th century killer, so the popularized term is unlikely to have been used then. Aside from that, he is considered to be one of the worlds greatest military commanders and is credited with the spread of civil law. His influence was so great, I hardly think other European leaders stooped to condescension other than to express sheer frustration at his brilliance.[/quote]The use of the word “thug” was mine, and I’m familar with the Thugee of subcontinent fame.
As to the other royal houses: I’d agree with their frustration at his battlefield abilities (“brilliance” is a little strong, given his uneven record as commander of the Grand Armee), but you need to mention their frustration at his treachery, broken treaties and plundering as well..
He was considered a usurper and the royal heads of Europe were aghast when he crowned himself in front of the pope. Bad form and all that.[/quote]
Whatever his military record (or otherwise) may testify to, you will likely find more references to his brilliance than thuggery. I guess it largely depended on how much you were on the receiving end, that determined how much you ascribe to one or the other view. Wellington considered his presence on the battlefield to be the equivalent
of 40,000 troops, and his military tactics are said to have modernized warfareParticipant[quote=Allan from Fallbrook][quote=Jazzman]
As to whether European powers thought Napoleon a “thug”, the term itself is derived
from “thugee” a notorious 19th century killer, so the popularized term is unlikely to have been used then. Aside from that, he is considered to be one of the worlds greatest military commanders and is credited with the spread of civil law. His influence was so great, I hardly think other European leaders stooped to condescension other than to express sheer frustration at his brilliance.[/quote]The use of the word “thug” was mine, and I’m familar with the Thugee of subcontinent fame.
As to the other royal houses: I’d agree with their frustration at his battlefield abilities (“brilliance” is a little strong, given his uneven record as commander of the Grand Armee), but you need to mention their frustration at his treachery, broken treaties and plundering as well..
He was considered a usurper and the royal heads of Europe were aghast when he crowned himself in front of the pope. Bad form and all that.[/quote]
Whatever his military record (or otherwise) may testify to, you will likely find more references to his brilliance than thuggery. I guess it largely depended on how much you were on the receiving end, that determined how much you ascribe to one or the other view. Wellington considered his presence on the battlefield to be the equivalent
of 40,000 troops, and his military tactics are said to have modernized warfare -
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