[joec]

This is pretty interesting. Out of curiosity, do they do the higher assessment to raise more revenue or is it a power trip thing for the assessors?

[joec]

This is pretty interesting. Out of curiosity, do they do the higher assessment to raise more revenue or is it a power trip thing for the assessors?

[joec]

This is pretty interesting. Out of curiosity, do they do the higher assessment to raise more revenue or is it a power trip thing for the assessors?

[joec]

This is why I don’t think we should be demonizing folks who strategically default. In the end, people should just do what’s best for their families since that’s their main responsibility. There are moral questions on if this is bad, but in the old days, the 20% down payments took care of that since you would be out a good chunk of change. That’s returning unless you go the FHA route (which may be the next shoe to drop).

If someone bought a place for a mil somewhere and it’s now worth 500k, it’s probably more irresponsible to their family/kids/retirement,etc to keep paying.

It’s nice to watch out for the neighborhood and all that, but if this gets worst, who will be putting food on your table? Certainly not your neighbors.

[joec]

This is why I don’t think we should be demonizing folks who strategically default. In the end, people should just do what’s best for their families since that’s their main responsibility. There are moral questions on if this is bad, but in the old days, the 20% down payments took care of that since you would be out a good chunk of change. That’s returning unless you go the FHA route (which may be the next shoe to drop).

If someone bought a place for a mil somewhere and it’s now worth 500k, it’s probably more irresponsible to their family/kids/retirement,etc to keep paying.

It’s nice to watch out for the neighborhood and all that, but if this gets worst, who will be putting food on your table? Certainly not your neighbors.

[joec]

This is why I don’t think we should be demonizing folks who strategically default. In the end, people should just do what’s best for their families since that’s their main responsibility. There are moral questions on if this is bad, but in the old days, the 20% down payments took care of that since you would be out a good chunk of change. That’s returning unless you go the FHA route (which may be the next shoe to drop).

If someone bought a place for a mil somewhere and it’s now worth 500k, it’s probably more irresponsible to their family/kids/retirement,etc to keep paying.

It’s nice to watch out for the neighborhood and all that, but if this gets worst, who will be putting food on your table? Certainly not your neighbors.

[joec]

This is why I don’t think we should be demonizing folks who strategically default. In the end, people should just do what’s best for their families since that’s their main responsibility. There are moral questions on if this is bad, but in the old days, the 20% down payments took care of that since you would be out a good chunk of change. That’s returning unless you go the FHA route (which may be the next shoe to drop).

If someone bought a place for a mil somewhere and it’s now worth 500k, it’s probably more irresponsible to their family/kids/retirement,etc to keep paying.

It’s nice to watch out for the neighborhood and all that, but if this gets worst, who will be putting food on your table? Certainly not your neighbors.

[joec]

This is why I don’t think we should be demonizing folks who strategically default. In the end, people should just do what’s best for their families since that’s their main responsibility. There are moral questions on if this is bad, but in the old days, the 20% down payments took care of that since you would be out a good chunk of change. That’s returning unless you go the FHA route (which may be the next shoe to drop).

If someone bought a place for a mil somewhere and it’s now worth 500k, it’s probably more irresponsible to their family/kids/retirement,etc to keep paying.

It’s nice to watch out for the neighborhood and all that, but if this gets worst, who will be putting food on your table? Certainly not your neighbors.

[joec]

Anyone hear or know of any self employed folks who were able to get refinanced?

Seems like it’s worst now than even 2 years ago when this all hit the crapper…

[joec]

Anyone hear or know of any self employed folks who were able to get refinanced?

Seems like it’s worst now than even 2 years ago when this all hit the crapper…

[joec]

Anyone hear or know of any self employed folks who were able to get refinanced?

Seems like it’s worst now than even 2 years ago when this all hit the crapper…

[joec]

Anyone hear or know of any self employed folks who were able to get refinanced?

Seems like it’s worst now than even 2 years ago when this all hit the crapper…

[joec]

Anyone hear or know of any self employed folks who were able to get refinanced?

Seems like it’s worst now than even 2 years ago when this all hit the crapper…

[joec]

[quote=walterwhite]i had a pal who lived in a cheap motor home out near work for a year or so. I submit you do not need a house to live in.[/quote]

You don’t need much of anything in life. As I mentioned in another post, most of probably what other people spend their money on is probably a waste of money for you.

Your original comment above of: “I need to because my wife wants to do this.”

alone is enough for you and probably a lot of us to just buy a place and be done with it.

I was in the same boat, no regrets…

Also, like the other comment, if you had a baggillion dollars everywhere else but housing, putting 500k is probably a prudent move since you’re diversifying and again, you must have a place to live. Who knows, maybe the government will offer everyone who is a home owner 1% loans that they can also deduct on the tax returns directly and cut out all the banks with no income or asset verification.

Most folks would probably find it cheaper to buy than rent.

[joec]

[quote=walterwhite]i had a pal who lived in a cheap motor home out near work for a year or so. I submit you do not need a house to live in.[/quote]

You don’t need much of anything in life. As I mentioned in another post, most of probably what other people spend their money on is probably a waste of money for you.

Your original comment above of: “I need to because my wife wants to do this.”

alone is enough for you and probably a lot of us to just buy a place and be done with it.

I was in the same boat, no regrets…

Also, like the other comment, if you had a baggillion dollars everywhere else but housing, putting 500k is probably a prudent move since you’re diversifying and again, you must have a place to live. Who knows, maybe the government will offer everyone who is a home owner 1% loans that they can also deduct on the tax returns directly and cut out all the banks with no income or asset verification.

Most folks would probably find it cheaper to buy than rent.

[Author]

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