[kev374]

you know stupid people who believe “professionals” who have vested interest deserve what they get!!!

Similar thing happened with a friend of mine, he bought this home in Irvine for $685k… worse he put all his life savings of $100k into it. Now the ZEstimate on it has it at $655,000 and you know how optimistic those numbers are, in a yr or 2 the guy is going to be in financial ruin. I had urged him not to buy time and again but his argument “I have already waited so long and looks like the market has hit bottom…of course a REALTOR told him that”

[kev374]

you know stupid people who believe “professionals” who have vested interest deserve what they get!!!

Similar thing happened with a friend of mine, he bought this home in Irvine for $685k… worse he put all his life savings of $100k into it. Now the ZEstimate on it has it at $655,000 and you know how optimistic those numbers are, in a yr or 2 the guy is going to be in financial ruin. I had urged him not to buy time and again but his argument “I have already waited so long and looks like the market has hit bottom…of course a REALTOR told him that”

[kev374]

you know stupid people who believe “professionals” who have vested interest deserve what they get!!!

Similar thing happened with a friend of mine, he bought this home in Irvine for $685k… worse he put all his life savings of $100k into it. Now the ZEstimate on it has it at $655,000 and you know how optimistic those numbers are, in a yr or 2 the guy is going to be in financial ruin. I had urged him not to buy time and again but his argument “I have already waited so long and looks like the market has hit bottom…of course a REALTOR told him that”

[kev374]

great article

it always amazes me how sellers think they are “losing” money when they ask their inflated prices and then have to reduce a little, what they don’t understand is that the money was not theirs to begin with…the wealth, appreciation whatever is all fake and will be quickly evaporating.

[kev374]

great article

it always amazes me how sellers think they are “losing” money when they ask their inflated prices and then have to reduce a little, what they don’t understand is that the money was not theirs to begin with…the wealth, appreciation whatever is all fake and will be quickly evaporating.

[kev374]

great article

it always amazes me how sellers think they are “losing” money when they ask their inflated prices and then have to reduce a little, what they don’t understand is that the money was not theirs to begin with…the wealth, appreciation whatever is all fake and will be quickly evaporating.

[kev374]

great article

it always amazes me how sellers think they are “losing” money when they ask their inflated prices and then have to reduce a little, what they don’t understand is that the money was not theirs to begin with…the wealth, appreciation whatever is all fake and will be quickly evaporating.

[kev374]

India is in a tough spot..wage inflation is much higher than in China, infrastructure is crumbling, Real Estate is extremely overvalued and employee attrition is at an all time high making doing business very difficult.

As for the credit crunch in the US, I don’t think it would affect the Indian credit situation too much. Lending standards there are higher and very closely tied to one’s employment etc. so it’s reasonably sound compared to what is happening here in the US.

[kev374]

India is in a tough spot..wage inflation is much higher than in China, infrastructure is crumbling, Real Estate is extremely overvalued and employee attrition is at an all time high making doing business very difficult.

As for the credit crunch in the US, I don’t think it would affect the Indian credit situation too much. Lending standards there are higher and very closely tied to one’s employment etc. so it’s reasonably sound compared to what is happening here in the US.

[kev374]

India is in a tough spot..wage inflation is much higher than in China, infrastructure is crumbling, Real Estate is extremely overvalued and employee attrition is at an all time high making doing business very difficult.

As for the credit crunch in the US, I don’t think it would affect the Indian credit situation too much. Lending standards there are higher and very closely tied to one’s employment etc. so it’s reasonably sound compared to what is happening here in the US.

[kev374]

India is in a tough spot..wage inflation is much higher than in China, infrastructure is crumbling, Real Estate is extremely overvalued and employee attrition is at an all time high making doing business very difficult.

As for the credit crunch in the US, I don’t think it would affect the Indian credit situation too much. Lending standards there are higher and very closely tied to one’s employment etc. so it’s reasonably sound compared to what is happening here in the US.

[kev374]

a 40 yr loan doesn’t make any sense. The difference in payments between a 30yr and a 40yr isn’t all that much but an additional 10 years is a loonnnnnng time to continue making those payments. And do you want to keep paying a mortgage into retirement? Geez!

[kev374]

a 40 yr loan doesn’t make any sense. The difference in payments between a 30yr and a 40yr isn’t all that much but an additional 10 years is a loonnnnnng time to continue making those payments. And do you want to keep paying a mortgage into retirement? Geez!

[kev374]

a 40 yr loan doesn’t make any sense. The difference in payments between a 30yr and a 40yr isn’t all that much but an additional 10 years is a loonnnnnng time to continue making those payments. And do you want to keep paying a mortgage into retirement? Geez!

[kev374]

given the risk involved in buying an REO, no warranties, disclosures etc. and factoring in at least a 20% depreciation to protect against the potential declines in the market, 10-15% for required fixes.. I would say that for a good deal I would consider an REO if it is AT LEAST 60% below comparable non-REO listings. If not, the bank can take it’s property and shove it. Not at all worth the hassel.

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