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JPJonesParticipantMan, the look on her face when Schiff said,” I am one of the few people that told people to ignore the cheerleading of realtors…” was priceless!
JPJonesParticipantSo from reading several articles this morning, these are a few points about this “bail-out”:
-Minimum 660 FICO requirement
-No more than 60 days past due on payments
-Must have at least 3% equity
Please correct me if I’m wrong about any of them, but if accurate, that doesn’t sound like much of a bailout to me.
JPJonesParticipantSo from reading several articles this morning, these are a few points about this “bail-out”:
-Minimum 660 FICO requirement
-No more than 60 days past due on payments
-Must have at least 3% equity
Please correct me if I’m wrong about any of them, but if accurate, that doesn’t sound like much of a bailout to me.
JPJonesParticipantSo from reading several articles this morning, these are a few points about this “bail-out”:
-Minimum 660 FICO requirement
-No more than 60 days past due on payments
-Must have at least 3% equity
Please correct me if I’m wrong about any of them, but if accurate, that doesn’t sound like much of a bailout to me.
JPJonesParticipantSo from reading several articles this morning, these are a few points about this “bail-out”:
-Minimum 660 FICO requirement
-No more than 60 days past due on payments
-Must have at least 3% equity
Please correct me if I’m wrong about any of them, but if accurate, that doesn’t sound like much of a bailout to me.
JPJonesParticipantSo from reading several articles this morning, these are a few points about this “bail-out”:
-Minimum 660 FICO requirement
-No more than 60 days past due on payments
-Must have at least 3% equity
Please correct me if I’m wrong about any of them, but if accurate, that doesn’t sound like much of a bailout to me.
October 29, 2007 at 1:59 PM in reply to: So I pulled the trigger: My buying experience in Temecula (long story) #92943JPJonesParticipantIn a rational market, I would absolutely agree, but RE pricing has proven itself irrational in almost every point in the past 3 cycles. I believe there will be considerable lag between when the fundamental bottom is reached and when prices reverse their downward trend.
October 29, 2007 at 1:59 PM in reply to: So I pulled the trigger: My buying experience in Temecula (long story) #92978JPJonesParticipantIn a rational market, I would absolutely agree, but RE pricing has proven itself irrational in almost every point in the past 3 cycles. I believe there will be considerable lag between when the fundamental bottom is reached and when prices reverse their downward trend.
October 29, 2007 at 1:59 PM in reply to: So I pulled the trigger: My buying experience in Temecula (long story) #92988JPJonesParticipantIn a rational market, I would absolutely agree, but RE pricing has proven itself irrational in almost every point in the past 3 cycles. I believe there will be considerable lag between when the fundamental bottom is reached and when prices reverse their downward trend.
October 29, 2007 at 11:50 AM in reply to: So I pulled the trigger: My buying experience in Temecula (long story) #92899JPJonesParticipantSure, but if resale inventory becomes scarce, that presents less choices to me as a buyer, which means less control over what I end up with.
October 29, 2007 at 11:50 AM in reply to: So I pulled the trigger: My buying experience in Temecula (long story) #92932JPJonesParticipantSure, but if resale inventory becomes scarce, that presents less choices to me as a buyer, which means less control over what I end up with.
October 29, 2007 at 11:50 AM in reply to: So I pulled the trigger: My buying experience in Temecula (long story) #92945JPJonesParticipantSure, but if resale inventory becomes scarce, that presents less choices to me as a buyer, which means less control over what I end up with.
October 29, 2007 at 10:32 AM in reply to: So I pulled the trigger: My buying experience in Temecula (long story) #92864JPJonesParticipant$109 per sq/foot? I’d say you hit it close enough to the mark to go with it. That region started its decline before everywhere else in SoCal, so it’ll bottom out much sooner. Buying at the bottom is peachy if you’re just an investor, but if you are buying the house to live in long-term, 6 months to a year before the market lands is much better. You will no doubt lose equity in your home, but you’ll have a much better selection and have an easier time finding a GREAT home instead of settling for one that’s dirt cheap but just OK.
When the market really hits bottom, all that will be left is swill.
October 29, 2007 at 10:32 AM in reply to: So I pulled the trigger: My buying experience in Temecula (long story) #92895JPJonesParticipant$109 per sq/foot? I’d say you hit it close enough to the mark to go with it. That region started its decline before everywhere else in SoCal, so it’ll bottom out much sooner. Buying at the bottom is peachy if you’re just an investor, but if you are buying the house to live in long-term, 6 months to a year before the market lands is much better. You will no doubt lose equity in your home, but you’ll have a much better selection and have an easier time finding a GREAT home instead of settling for one that’s dirt cheap but just OK.
When the market really hits bottom, all that will be left is swill.
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