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JWM in SD
Participant“whats not to like??? Why be bitter with that . . . .”
Well let’s see:
Your downpayment has probably gone to equity heaven by now.
That negative equity will be another 100K at least by next year or so.
You are stuck there if something happens to your job or otherwise and you’d have to buy your way out of the house.
That’s just for starters.
JWM in SD
Participant“whats not to like??? Why be bitter with that . . . .”
Well let’s see:
Your downpayment has probably gone to equity heaven by now.
That negative equity will be another 100K at least by next year or so.
You are stuck there if something happens to your job or otherwise and you’d have to buy your way out of the house.
That’s just for starters.
JWM in SD
Participant“whats not to like??? Why be bitter with that . . . .”
Well let’s see:
Your downpayment has probably gone to equity heaven by now.
That negative equity will be another 100K at least by next year or so.
You are stuck there if something happens to your job or otherwise and you’d have to buy your way out of the house.
That’s just for starters.
JWM in SD
Participant“whats not to like??? Why be bitter with that . . . .”
Well let’s see:
Your downpayment has probably gone to equity heaven by now.
That negative equity will be another 100K at least by next year or so.
You are stuck there if something happens to your job or otherwise and you’d have to buy your way out of the house.
That’s just for starters.
JWM in SD
ParticipantThe coming Alt A implosion is one of the centerpieces for my macro agruments about not buying a house now. It’s way too early since the damage that will be done will be much greater than subprime fiasco. Alt A loans are those who have higher fico scores and much higher property values..think all jumbo pluses.
Carmel Valley aint going to survive this. No Way. Watch and learn.
JWM in SD
ParticipantThe coming Alt A implosion is one of the centerpieces for my macro agruments about not buying a house now. It’s way too early since the damage that will be done will be much greater than subprime fiasco. Alt A loans are those who have higher fico scores and much higher property values..think all jumbo pluses.
Carmel Valley aint going to survive this. No Way. Watch and learn.
JWM in SD
ParticipantThe coming Alt A implosion is one of the centerpieces for my macro agruments about not buying a house now. It’s way too early since the damage that will be done will be much greater than subprime fiasco. Alt A loans are those who have higher fico scores and much higher property values..think all jumbo pluses.
Carmel Valley aint going to survive this. No Way. Watch and learn.
JWM in SD
ParticipantThe coming Alt A implosion is one of the centerpieces for my macro agruments about not buying a house now. It’s way too early since the damage that will be done will be much greater than subprime fiasco. Alt A loans are those who have higher fico scores and much higher property values..think all jumbo pluses.
Carmel Valley aint going to survive this. No Way. Watch and learn.
JWM in SD
ParticipantThe coming Alt A implosion is one of the centerpieces for my macro agruments about not buying a house now. It’s way too early since the damage that will be done will be much greater than subprime fiasco. Alt A loans are those who have higher fico scores and much higher property values..think all jumbo pluses.
Carmel Valley aint going to survive this. No Way. Watch and learn.
JWM in SD
Participant“Raising conforming limits is virtually pointless b/c down payments are back and most people looking at $500k+ homes don’t have $100k+ in the bank.”
Hey, it’s San Diego, everybody has at least that much in the bank. Don’t you know that everyone here is a VP of Engineering at Qualcomm or some no-name biotech burning private equity / vulture capital money?? Come on now, enough with the silly doom talk.
Sarcasm Off.
JWM in SD
Participant“Raising conforming limits is virtually pointless b/c down payments are back and most people looking at $500k+ homes don’t have $100k+ in the bank.”
Hey, it’s San Diego, everybody has at least that much in the bank. Don’t you know that everyone here is a VP of Engineering at Qualcomm or some no-name biotech burning private equity / vulture capital money?? Come on now, enough with the silly doom talk.
Sarcasm Off.
JWM in SD
Participant“Raising conforming limits is virtually pointless b/c down payments are back and most people looking at $500k+ homes don’t have $100k+ in the bank.”
Hey, it’s San Diego, everybody has at least that much in the bank. Don’t you know that everyone here is a VP of Engineering at Qualcomm or some no-name biotech burning private equity / vulture capital money?? Come on now, enough with the silly doom talk.
Sarcasm Off.
JWM in SD
Participant“Raising conforming limits is virtually pointless b/c down payments are back and most people looking at $500k+ homes don’t have $100k+ in the bank.”
Hey, it’s San Diego, everybody has at least that much in the bank. Don’t you know that everyone here is a VP of Engineering at Qualcomm or some no-name biotech burning private equity / vulture capital money?? Come on now, enough with the silly doom talk.
Sarcasm Off.
JWM in SD
Participant“Raising conforming limits is virtually pointless b/c down payments are back and most people looking at $500k+ homes don’t have $100k+ in the bank.”
Hey, it’s San Diego, everybody has at least that much in the bank. Don’t you know that everyone here is a VP of Engineering at Qualcomm or some no-name biotech burning private equity / vulture capital money?? Come on now, enough with the silly doom talk.
Sarcasm Off.
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