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October 31, 2008 at 9:01 AM in reply to: Mira Mesa woman chained to her house – to avoid foreclosure #296015October 31, 2008 at 9:01 AM in reply to: Mira Mesa woman chained to her house – to avoid foreclosure #296056
La Jolla Renter
ParticipantPoor lady… i hope she can hold out until January so Obama and crew can redistribute some of the wealth from those evil hardworking 250k plus villains.
La Jolla Renter
ParticipantYou and me both zzz!!!
To add insult to our injury, just wait until Obama (if elected) and Barney Frank and Co. eliminate the fico score.
It is not fair the smart saving prudent class get access to better loans and lower rates. We need to make sure all Americans (and non Americans) have equal access to A paper loans, not just the privileged few.
La Jolla Renter
ParticipantYou and me both zzz!!!
To add insult to our injury, just wait until Obama (if elected) and Barney Frank and Co. eliminate the fico score.
It is not fair the smart saving prudent class get access to better loans and lower rates. We need to make sure all Americans (and non Americans) have equal access to A paper loans, not just the privileged few.
La Jolla Renter
ParticipantYou and me both zzz!!!
To add insult to our injury, just wait until Obama (if elected) and Barney Frank and Co. eliminate the fico score.
It is not fair the smart saving prudent class get access to better loans and lower rates. We need to make sure all Americans (and non Americans) have equal access to A paper loans, not just the privileged few.
La Jolla Renter
ParticipantYou and me both zzz!!!
To add insult to our injury, just wait until Obama (if elected) and Barney Frank and Co. eliminate the fico score.
It is not fair the smart saving prudent class get access to better loans and lower rates. We need to make sure all Americans (and non Americans) have equal access to A paper loans, not just the privileged few.
La Jolla Renter
ParticipantYou and me both zzz!!!
To add insult to our injury, just wait until Obama (if elected) and Barney Frank and Co. eliminate the fico score.
It is not fair the smart saving prudent class get access to better loans and lower rates. We need to make sure all Americans (and non Americans) have equal access to A paper loans, not just the privileged few.
La Jolla Renter
ParticipantXbox,
Good find… probably one of the record losses for La Jolla.
There are 2 more condos listed for $1M each on the same floor facing the ocean, the purchase price was less, but none the less, more pain on the way.
The carrying costs on these units are brutal, so add an extra 200k loss over 3 years. Not to mention commissions.
La Jolla Renter
ParticipantXbox,
Good find… probably one of the record losses for La Jolla.
There are 2 more condos listed for $1M each on the same floor facing the ocean, the purchase price was less, but none the less, more pain on the way.
The carrying costs on these units are brutal, so add an extra 200k loss over 3 years. Not to mention commissions.
La Jolla Renter
ParticipantXbox,
Good find… probably one of the record losses for La Jolla.
There are 2 more condos listed for $1M each on the same floor facing the ocean, the purchase price was less, but none the less, more pain on the way.
The carrying costs on these units are brutal, so add an extra 200k loss over 3 years. Not to mention commissions.
La Jolla Renter
ParticipantXbox,
Good find… probably one of the record losses for La Jolla.
There are 2 more condos listed for $1M each on the same floor facing the ocean, the purchase price was less, but none the less, more pain on the way.
The carrying costs on these units are brutal, so add an extra 200k loss over 3 years. Not to mention commissions.
La Jolla Renter
ParticipantXbox,
Good find… probably one of the record losses for La Jolla.
There are 2 more condos listed for $1M each on the same floor facing the ocean, the purchase price was less, but none the less, more pain on the way.
The carrying costs on these units are brutal, so add an extra 200k loss over 3 years. Not to mention commissions.
La Jolla Renter
ParticipantInterest rate to home value relationship:
650k purchase price
150k down
500k 30yr fixed at 7%
=$3,326 payment.475k purchase price
150k down
325k 30 yr fixed at 12%
=$3,342 payment.A 5% increase in interest rates knocks a homes value down another 27%.
La Jolla Renter
ParticipantInterest rate to home value relationship:
650k purchase price
150k down
500k 30yr fixed at 7%
=$3,326 payment.475k purchase price
150k down
325k 30 yr fixed at 12%
=$3,342 payment.A 5% increase in interest rates knocks a homes value down another 27%.
La Jolla Renter
ParticipantInterest rate to home value relationship:
650k purchase price
150k down
500k 30yr fixed at 7%
=$3,326 payment.475k purchase price
150k down
325k 30 yr fixed at 12%
=$3,342 payment.A 5% increase in interest rates knocks a homes value down another 27%.
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