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jeeman
ParticipantPatb,
I second what Temeculaguy wrote. It is hard to figure out the rental/price ratio because people who could afford to rent there would just buy instead. Since there are homes in Del Mar and CV that are way over $1.2M, about the same size, smaller lots, etc, etc, I think that it is better to compare it to purchases in those areas. I know they will go down, but I doubt most areas will go down further than 2000 price levels.
ParticipantPatb,
I second what Temeculaguy wrote. It is hard to figure out the rental/price ratio because people who could afford to rent there would just buy instead. Since there are homes in Del Mar and CV that are way over $1.2M, about the same size, smaller lots, etc, etc, I think that it is better to compare it to purchases in those areas. I know they will go down, but I doubt most areas will go down further than 2000 price levels.
ParticipantEconProf,
That makes total sense. The guy wanting to buy needs a loan because he wants to make a house purchase, which most people can’t do without a mortgage.
The high net-worth individual who owns a house outright wants a loan to do what? Gamble the money? Throw into the stock market? What exactly is that guy going to do with that money, if he already is well-to-do? It seems riskier to me.
Jeeman
ParticipantEconProf,
That makes total sense. The guy wanting to buy needs a loan because he wants to make a house purchase, which most people can’t do without a mortgage.
The high net-worth individual who owns a house outright wants a loan to do what? Gamble the money? Throw into the stock market? What exactly is that guy going to do with that money, if he already is well-to-do? It seems riskier to me.
Jeeman
ParticipantEconProf,
That makes total sense. The guy wanting to buy needs a loan because he wants to make a house purchase, which most people can’t do without a mortgage.
The high net-worth individual who owns a house outright wants a loan to do what? Gamble the money? Throw into the stock market? What exactly is that guy going to do with that money, if he already is well-to-do? It seems riskier to me.
Jeeman
ParticipantEconProf,
That makes total sense. The guy wanting to buy needs a loan because he wants to make a house purchase, which most people can’t do without a mortgage.
The high net-worth individual who owns a house outright wants a loan to do what? Gamble the money? Throw into the stock market? What exactly is that guy going to do with that money, if he already is well-to-do? It seems riskier to me.
Jeeman
ParticipantEconProf,
That makes total sense. The guy wanting to buy needs a loan because he wants to make a house purchase, which most people can’t do without a mortgage.
The high net-worth individual who owns a house outright wants a loan to do what? Gamble the money? Throw into the stock market? What exactly is that guy going to do with that money, if he already is well-to-do? It seems riskier to me.
Jeeman
ParticipantOk, I was waiting until we went pending, but it is in RSF, west end. We are buying for about $80k less (6% less) than their spring 2002 purchase price. sdrealtor PM’d with some opinions, that makes me think that we are doing pretty well with this purchase.
ParticipantOk, I was waiting until we went pending, but it is in RSF, west end. We are buying for about $80k less (6% less) than their spring 2002 purchase price. sdrealtor PM’d with some opinions, that makes me think that we are doing pretty well with this purchase.
ParticipantOk, I was waiting until we went pending, but it is in RSF, west end. We are buying for about $80k less (6% less) than their spring 2002 purchase price. sdrealtor PM’d with some opinions, that makes me think that we are doing pretty well with this purchase.
ParticipantOk, I was waiting until we went pending, but it is in RSF, west end. We are buying for about $80k less (6% less) than their spring 2002 purchase price. sdrealtor PM’d with some opinions, that makes me think that we are doing pretty well with this purchase.
ParticipantOk, I was waiting until we went pending, but it is in RSF, west end. We are buying for about $80k less (6% less) than their spring 2002 purchase price. sdrealtor PM’d with some opinions, that makes me think that we are doing pretty well with this purchase.
ParticipantArraya,
If thousands are people are dying at hospital doorsteps, and this bill is absolutely critical to saving their lives, then why have the Democrats set the bill to go into effect on January, 2013, 2 months after the Presidential election? Seems like it should go into effect much sooner, say January 2011, in order to save those thousands who are dying?
ParticipantArraya,
If thousands are people are dying at hospital doorsteps, and this bill is absolutely critical to saving their lives, then why have the Democrats set the bill to go into effect on January, 2013, 2 months after the Presidential election? Seems like it should go into effect much sooner, say January 2011, in order to save those thousands who are dying?
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