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jpinpb
ParticipantAK says: “A house produces nothing. It is valuable for its use as shelter, but a 3000sf house serves the same purpose whether it costs $1 million or $400,000”
I disagree. This housing market, whether artificially or not, produced good paying jobs overnight and – artificially, albeit, created equity which people took out of their homes and put back into the economy.
ParticipantAK says: “A house produces nothing. It is valuable for its use as shelter, but a 3000sf house serves the same purpose whether it costs $1 million or $400,000”
I disagree. This housing market, whether artificially or not, produced good paying jobs overnight and – artificially, albeit, created equity which people took out of their homes and put back into the economy.
ParticipantPlease forgive the stupid question. Help me understand. Isn’t FHA going to be Federally insured? I.e., government insured, i.e. if someone defaults/forecloses on loan, the government bails them out, i.e. the taxpayers? Or as mentioned, will it be a HUD home. Cool. HUD homes in 4S Ranch. I like that.
Will it work? If they have to PROVE they can make the payments to qualify for the loan, then it’s a joke. These people can barely make payments now w/the lying loan.
Is there going to be help w/those who have a 10% decrease in property values. That seems to be a fair average of decrease right now. Or will they have to come up w/the difference. (good luck)
If the jumbo loan limits are increased, why is just for homeowners and not everyone. Indirectly, it will help those w/homes who are trying to sell. Make it easier for the new batch of suckers to buy, or at least those who qualify. Allows those who had no business buying in the first place to get out and those who can afford it to take over.
It would seem that this will delay the crash.
The bench on this train station is hard and it’s getting cold.
Service section is contracting, 41.9. That’s bad. That’s all there really was left.
ParticipantPlease forgive the stupid question. Help me understand. Isn’t FHA going to be Federally insured? I.e., government insured, i.e. if someone defaults/forecloses on loan, the government bails them out, i.e. the taxpayers? Or as mentioned, will it be a HUD home. Cool. HUD homes in 4S Ranch. I like that.
Will it work? If they have to PROVE they can make the payments to qualify for the loan, then it’s a joke. These people can barely make payments now w/the lying loan.
Is there going to be help w/those who have a 10% decrease in property values. That seems to be a fair average of decrease right now. Or will they have to come up w/the difference. (good luck)
If the jumbo loan limits are increased, why is just for homeowners and not everyone. Indirectly, it will help those w/homes who are trying to sell. Make it easier for the new batch of suckers to buy, or at least those who qualify. Allows those who had no business buying in the first place to get out and those who can afford it to take over.
It would seem that this will delay the crash.
The bench on this train station is hard and it’s getting cold.
Service section is contracting, 41.9. That’s bad. That’s all there really was left.
ParticipantPlease forgive the stupid question. Help me understand. Isn’t FHA going to be Federally insured? I.e., government insured, i.e. if someone defaults/forecloses on loan, the government bails them out, i.e. the taxpayers? Or as mentioned, will it be a HUD home. Cool. HUD homes in 4S Ranch. I like that.
Will it work? If they have to PROVE they can make the payments to qualify for the loan, then it’s a joke. These people can barely make payments now w/the lying loan.
Is there going to be help w/those who have a 10% decrease in property values. That seems to be a fair average of decrease right now. Or will they have to come up w/the difference. (good luck)
If the jumbo loan limits are increased, why is just for homeowners and not everyone. Indirectly, it will help those w/homes who are trying to sell. Make it easier for the new batch of suckers to buy, or at least those who qualify. Allows those who had no business buying in the first place to get out and those who can afford it to take over.
It would seem that this will delay the crash.
The bench on this train station is hard and it’s getting cold.
Service section is contracting, 41.9. That’s bad. That’s all there really was left.
ParticipantPlease forgive the stupid question. Help me understand. Isn’t FHA going to be Federally insured? I.e., government insured, i.e. if someone defaults/forecloses on loan, the government bails them out, i.e. the taxpayers? Or as mentioned, will it be a HUD home. Cool. HUD homes in 4S Ranch. I like that.
Will it work? If they have to PROVE they can make the payments to qualify for the loan, then it’s a joke. These people can barely make payments now w/the lying loan.
Is there going to be help w/those who have a 10% decrease in property values. That seems to be a fair average of decrease right now. Or will they have to come up w/the difference. (good luck)
If the jumbo loan limits are increased, why is just for homeowners and not everyone. Indirectly, it will help those w/homes who are trying to sell. Make it easier for the new batch of suckers to buy, or at least those who qualify. Allows those who had no business buying in the first place to get out and those who can afford it to take over.
It would seem that this will delay the crash.
The bench on this train station is hard and it’s getting cold.
Service section is contracting, 41.9. That’s bad. That’s all there really was left.
ParticipantPlease forgive the stupid question. Help me understand. Isn’t FHA going to be Federally insured? I.e., government insured, i.e. if someone defaults/forecloses on loan, the government bails them out, i.e. the taxpayers? Or as mentioned, will it be a HUD home. Cool. HUD homes in 4S Ranch. I like that.
Will it work? If they have to PROVE they can make the payments to qualify for the loan, then it’s a joke. These people can barely make payments now w/the lying loan.
Is there going to be help w/those who have a 10% decrease in property values. That seems to be a fair average of decrease right now. Or will they have to come up w/the difference. (good luck)
If the jumbo loan limits are increased, why is just for homeowners and not everyone. Indirectly, it will help those w/homes who are trying to sell. Make it easier for the new batch of suckers to buy, or at least those who qualify. Allows those who had no business buying in the first place to get out and those who can afford it to take over.
It would seem that this will delay the crash.
The bench on this train station is hard and it’s getting cold.
Service section is contracting, 41.9. That’s bad. That’s all there really was left.
ParticipantPasadena Broker – you say this isn’t for new homebuyers. You mention equity and you mention full docs. But SD Realtor says:
******97% LTV on Purchases
******Down Payment Assistance of up to 6%
******% LTV on cash out refinancing
******No minimum credit scores
***** Liberal credit guidelinesIt just sounds like free money to everyone again. It doesn’t say they’re raising the Jumbo limit strictly for those already in homes, excluding new buyers. That would be beyond stupid. They want more people on the hook.
NONE of this makes sense. The more I read, the more confused I get. This is driving me crazy.
I’m going to throw myself on the tracks and let the train just hit me (kidding)
ParticipantPasadena Broker – you say this isn’t for new homebuyers. You mention equity and you mention full docs. But SD Realtor says:
******97% LTV on Purchases
******Down Payment Assistance of up to 6%
******% LTV on cash out refinancing
******No minimum credit scores
***** Liberal credit guidelinesIt just sounds like free money to everyone again. It doesn’t say they’re raising the Jumbo limit strictly for those already in homes, excluding new buyers. That would be beyond stupid. They want more people on the hook.
NONE of this makes sense. The more I read, the more confused I get. This is driving me crazy.
I’m going to throw myself on the tracks and let the train just hit me (kidding)
ParticipantPasadena Broker – you say this isn’t for new homebuyers. You mention equity and you mention full docs. But SD Realtor says:
******97% LTV on Purchases
******Down Payment Assistance of up to 6%
******% LTV on cash out refinancing
******No minimum credit scores
***** Liberal credit guidelinesIt just sounds like free money to everyone again. It doesn’t say they’re raising the Jumbo limit strictly for those already in homes, excluding new buyers. That would be beyond stupid. They want more people on the hook.
NONE of this makes sense. The more I read, the more confused I get. This is driving me crazy.
I’m going to throw myself on the tracks and let the train just hit me (kidding)
ParticipantPasadena Broker – you say this isn’t for new homebuyers. You mention equity and you mention full docs. But SD Realtor says:
******97% LTV on Purchases
******Down Payment Assistance of up to 6%
******% LTV on cash out refinancing
******No minimum credit scores
***** Liberal credit guidelinesIt just sounds like free money to everyone again. It doesn’t say they’re raising the Jumbo limit strictly for those already in homes, excluding new buyers. That would be beyond stupid. They want more people on the hook.
NONE of this makes sense. The more I read, the more confused I get. This is driving me crazy.
I’m going to throw myself on the tracks and let the train just hit me (kidding)
ParticipantPasadena Broker – you say this isn’t for new homebuyers. You mention equity and you mention full docs. But SD Realtor says:
******97% LTV on Purchases
******Down Payment Assistance of up to 6%
******% LTV on cash out refinancing
******No minimum credit scores
***** Liberal credit guidelinesIt just sounds like free money to everyone again. It doesn’t say they’re raising the Jumbo limit strictly for those already in homes, excluding new buyers. That would be beyond stupid. They want more people on the hook.
NONE of this makes sense. The more I read, the more confused I get. This is driving me crazy.
I’m going to throw myself on the tracks and let the train just hit me (kidding)
Participantbetting on fall – my butt is getting sore sitting on these hard benches at this train station waiting.
We’ve now got government engineers coming in and putting new tracks for the crazy trains. When will it end?
Powter’s diet book really should be about real estate. “Stop the insanity!”
Participantbetting on fall – my butt is getting sore sitting on these hard benches at this train station waiting.
We’ve now got government engineers coming in and putting new tracks for the crazy trains. When will it end?
Powter’s diet book really should be about real estate. “Stop the insanity!”
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