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kev374
Participantgiven 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.
ParticipantFYI, the Fidelity Chinese fund has a YTD return of 67%, expect more growth in the emerging markets as they attract more capital and also creating self sustaining demand for their products.
One observation, tommorow if we removed access to credit cards and home equity loans most Americans would not be able to make ends meet!!!
ParticipantFYI, the Fidelity Chinese fund has a YTD return of 67%, expect more growth in the emerging markets as they attract more capital and also creating self sustaining demand for their products.
One observation, tommorow if we removed access to credit cards and home equity loans most Americans would not be able to make ends meet!!!
ParticipantFYI, the Fidelity Chinese fund has a YTD return of 67%, expect more growth in the emerging markets as they attract more capital and also creating self sustaining demand for their products.
One observation, tommorow if we removed access to credit cards and home equity loans most Americans would not be able to make ends meet!!!
ParticipantIf you add 6% a year to homes that were bought in 1998 @ 300k they
You cannot add 6% a yr, how did you arrive at the conclusion that it is the right amount of sustainable appreciation? Prices follow income fundamentals, and income has not risen very much at all since 2000. At least in my line of work (IT) companies are still offering hte same salaries they were offering in 2000.
Infact if inflation of essential commodities, oil, food, energy etc. is high then affordability will decline further.
ParticipantIf you add 6% a year to homes that were bought in 1998 @ 300k they
You cannot add 6% a yr, how did you arrive at the conclusion that it is the right amount of sustainable appreciation? Prices follow income fundamentals, and income has not risen very much at all since 2000. At least in my line of work (IT) companies are still offering hte same salaries they were offering in 2000.
Infact if inflation of essential commodities, oil, food, energy etc. is high then affordability will decline further.
ParticipantIf you add 6% a year to homes that were bought in 1998 @ 300k they
You cannot add 6% a yr, how did you arrive at the conclusion that it is the right amount of sustainable appreciation? Prices follow income fundamentals, and income has not risen very much at all since 2000. At least in my line of work (IT) companies are still offering hte same salaries they were offering in 2000.
Infact if inflation of essential commodities, oil, food, energy etc. is high then affordability will decline further.
Participantdoes anyone know the historic trough-peak and peak-trough ratio in terms of years?
Participantdoes anyone know the historic trough-peak and peak-trough ratio in terms of years?
Participantdoes anyone know the historic trough-peak and peak-trough ratio in terms of years?
Participantyes, but on the other side of the equation are ARM resets that are going to result in 2+ million foreclosures, California being ground zero for that so I don’t think 1000 homes or 80,000 restructured loans is doing to make any difference at all. Couple that with $100 oil and increasing inflation due to the drop in the dollar and things are not looking too good.
Participantyes, but on the other side of the equation are ARM resets that are going to result in 2+ million foreclosures, California being ground zero for that so I don’t think 1000 homes or 80,000 restructured loans is doing to make any difference at all. Couple that with $100 oil and increasing inflation due to the drop in the dollar and things are not looking too good.
Participantyes, but on the other side of the equation are ARM resets that are going to result in 2+ million foreclosures, California being ground zero for that so I don’t think 1000 homes or 80,000 restructured loans is doing to make any difference at all. Couple that with $100 oil and increasing inflation due to the drop in the dollar and things are not looking too good.
ParticipantIf you have a mortgage, the lender will probably require you to have homeowners insurance. The coverage amount only covers the cost to replace or rebuild the actual structure. They don’t insure the value of the land since it doesn’t burn.
Nothing ignorant about the post. The original speculation was that someone was seeking vengence because they were foreclosed upon or they are at the state where they are about to get foreclosed.
It is commonly known that many people in foreclosure destroy and deface their property before giving it to the bank. So speculating that some guy was so pissed that he said “f**k this whole neighborhood” and did something isn’t that hard to believe.
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