[JC]

Interesting video!

Not 100% on topic, but “more fuel for the fire”

Condo Troubles Further Squeeze Property Lenders:

http://online.wsj.com/article/SB118799900508008451.html?mod=googlenews_wsj

[JC]

Interesting video!

Not 100% on topic, but “more fuel for the fire”

Condo Troubles Further Squeeze Property Lenders:

http://online.wsj.com/article/SB118799900508008451.html?mod=googlenews_wsj

[JC]

Interesting video!

Not 100% on topic, but “more fuel for the fire”

Condo Troubles Further Squeeze Property Lenders:

http://online.wsj.com/article/SB118799900508008451.html?mod=googlenews_wsj

[JC]

Dear Mr. Mgubnyc1,

I do not mean to be rude, but I am going to go ahead and give you an “F” on reading comprehension. Well, that is assuming that you are sincere about the content of your posts that were in response to mine. Either way, I am done with you. You are not interesting to converse with.

[JC]

Dear Mr. Mgubnyc1,

I do not mean to be rude, but I am going to go ahead and give you an “F” on reading comprehension. Well, that is assuming that you are sincere about the content of your posts that were in response to mine. Either way, I am done with you. You are not interesting to converse with.

[JC]

Dear Mr. Mgubnyc1,

I do not mean to be rude, but I am going to go ahead and give you an “F” on reading comprehension. Well, that is assuming that you are sincere about the content of your posts that were in response to mine. Either way, I am done with you. You are not interesting to converse with.

[JC]

A “little” expensive?? 🙂

Let’s do a quick reality check. If you want to buy a 250k home (good luck finding a decent condo for that price), you probably need to make > 80k in income and put 50k down.

Average income in these parts = roughly 65k and from what I read the savings rate is pretty poor.

I really do have a lot of sympathy for the average working guy (or girl) who may have been misled by unscrupulous brokers.

I actually experienced some pretty crappy behavior when I first went to get a loan a few years ago. I was approved for a large amount; however, it did occur to me that I would have to pay all of that back. Also, it really wasn’t that hard to do some quick calculations to see how much the loan would cost me.

So, I wonder if the accountability should not be shared? It seems that brokers, realtors, regular homebuyers and speculators all played a role in this?

P.S. I do fine income wise, but thanks for thinking of me. 😉

[JC]

A “little” expensive?? 🙂

Let’s do a quick reality check. If you want to buy a 250k home (good luck finding a decent condo for that price), you probably need to make > 80k in income and put 50k down.

Average income in these parts = roughly 65k and from what I read the savings rate is pretty poor.

I really do have a lot of sympathy for the average working guy (or girl) who may have been misled by unscrupulous brokers.

I actually experienced some pretty crappy behavior when I first went to get a loan a few years ago. I was approved for a large amount; however, it did occur to me that I would have to pay all of that back. Also, it really wasn’t that hard to do some quick calculations to see how much the loan would cost me.

So, I wonder if the accountability should not be shared? It seems that brokers, realtors, regular homebuyers and speculators all played a role in this?

P.S. I do fine income wise, but thanks for thinking of me. 😉

[JC]

A “little” expensive?? 🙂

Let’s do a quick reality check. If you want to buy a 250k home (good luck finding a decent condo for that price), you probably need to make > 80k in income and put 50k down.

Average income in these parts = roughly 65k and from what I read the savings rate is pretty poor.

I really do have a lot of sympathy for the average working guy (or girl) who may have been misled by unscrupulous brokers.

I actually experienced some pretty crappy behavior when I first went to get a loan a few years ago. I was approved for a large amount; however, it did occur to me that I would have to pay all of that back. Also, it really wasn’t that hard to do some quick calculations to see how much the loan would cost me.

So, I wonder if the accountability should not be shared? It seems that brokers, realtors, regular homebuyers and speculators all played a role in this?

P.S. I do fine income wise, but thanks for thinking of me. 😉

[JC]

I can only speak for myself here. I don’t love bad news. I hate that lots of people are losing their homes. I also hate that even basic homes are “unaffordable” for those with average incomes and good savings habits.

I find any articles that focus on data relating to the housing market to be of interest because it helps me to plan for buying a home when it is responsible for me to do so.

I am not a speculator or an extreme bargain hunter. I am just someone who wants to own a home at some point. (And I am pretty motivated as I own a dog and the rentals available me are pretty undesireable). Seriously, you should see where I live…

Of course, I think you are just looking to inflame this communuity, so you will probably be pretty unimpressed with my response.

[JC]

I can only speak for myself here. I don’t love bad news. I hate that lots of people are losing their homes. I also hate that even basic homes are “unaffordable” for those with average incomes and good savings habits.

I find any articles that focus on data relating to the housing market to be of interest because it helps me to plan for buying a home when it is responsible for me to do so.

I am not a speculator or an extreme bargain hunter. I am just someone who wants to own a home at some point. (And I am pretty motivated as I own a dog and the rentals available me are pretty undesireable). Seriously, you should see where I live…

Of course, I think you are just looking to inflame this communuity, so you will probably be pretty unimpressed with my response.

[JC]

I can only speak for myself here. I don’t love bad news. I hate that lots of people are losing their homes. I also hate that even basic homes are “unaffordable” for those with average incomes and good savings habits.

I find any articles that focus on data relating to the housing market to be of interest because it helps me to plan for buying a home when it is responsible for me to do so.

I am not a speculator or an extreme bargain hunter. I am just someone who wants to own a home at some point. (And I am pretty motivated as I own a dog and the rentals available me are pretty undesireable). Seriously, you should see where I live…

Of course, I think you are just looking to inflame this communuity, so you will probably be pretty unimpressed with my response.

[JC]

Sorry for multiple posts, but the blog attached to this article is quite good too. http://talkback.blogs.fortune.com/2007/08/20/housing-markdown/

Similar thinking as presented on this thread but from all over the country…

[JC]

Sorry for multiple posts, but the blog attached to this article is quite good too. http://talkback.blogs.fortune.com/2007/08/20/housing-markdown/

Similar thinking as presented on this thread but from all over the country…

[JC]

Sorry for multiple posts, but the blog attached to this article is quite good too. http://talkback.blogs.fortune.com/2007/08/20/housing-markdown/

Similar thinking as presented on this thread but from all over the country…

[Author]

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