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larrylujackParticipant
A year ago, you could finance 5-6 times your income by avoiding having to document it. As standards tighten up, borrowers will presumably be limited to 3 times their income.
That may be true for those with less than stellar credit, but for full doc with good to excellent credit, loans from lenders are plentiful at 4-6X annual salary if you dare.
larrylujackParticipantA year ago, you could finance 5-6 times your income by avoiding having to document it. As standards tighten up, borrowers will presumably be limited to 3 times their income.
That may be true for those with less than stellar credit, but for full doc with good to excellent credit, loans from lenders are plentiful at 4-6X annual salary if you dare.
larrylujackParticipantthese are pretty nice M-A homes on nice lots that are tract but are made to appear custom. This area of Poway has some very nice properties. I think the fact that they are tract homes may limit the appreciation of these homes. For example, if you go to the the winery area of Poway, you can get a similarly priced but a custom home instead, albeit older. If I had to choose between the two, I’d pick a home in the winery, although some of the homes in the winery have dated or odd floorplans and less usable property, but better views.
larrylujackParticipantthese are pretty nice M-A homes on nice lots that are tract but are made to appear custom. This area of Poway has some very nice properties. I think the fact that they are tract homes may limit the appreciation of these homes. For example, if you go to the the winery area of Poway, you can get a similarly priced but a custom home instead, albeit older. If I had to choose between the two, I’d pick a home in the winery, although some of the homes in the winery have dated or odd floorplans and less usable property, but better views.
larrylujackParticipantanother sky is falling missive due to supposed “immorality.” Not much of a shock coming from a bible thumper website, although the confidence issue raised I would say does have some merit.
its not a moral issue at all but actually a normal function and one of the great wonders of so-called free market US style capitalism, namely to run amok to extremes to take advantage of some new ways of making cash, and then we get the inevitable correction perhaps with a partial bailout of wall street and bankers via lower interest rates, and press repeat (remember the S and L fraud and subsequent bailout, like I said, press repeat).those who forget history tend to repeat it………..
LL
larrylujackParticipantBTW, the map makes it look real close to the 56, but it is not at all, I did a drive by. I have no idea how those dopey maps can be so inaccurate.
also, not affiliated.larrylujackParticipant“My favorite WTF???? flip attempt in that area is this one:”
Worth every penny with those popcorn ceilings.
larrylujackParticipant1.5 million and you guys are bitching about 25k? Get real.
There is actually more to the issue than the repair credit request, but I am willing to let this other issue go, which is why I did not mention it in my original post.
If you look at all the facts, some of which I have not mentioned, I don’t think I am being unreasonable.
larrylujackParticipant649k? you gotta be kidding.
larrylujackParticipantif you’re asking for exactly the estimated value of “repair”, you’re asking for relative peanuts. why are they balking when they “need to sell”?
I dunno, suspect its principle? Not a nickler for sure, cost me alot to get to this point, but you are right, it is peanuts, but I guess at some point it becomes principle between both parties which dig in and then it becomes illogical and then it unravels. we will see.
larrylujackParticipantI wouldn’t be so sure. You are dealing with all kinds of people in the world. I have never had this particular situation but I am aware cases where a stubborn seller gives a buyer hell. What would you do if the seller requested mediation?
I am sure. Although what you say is true in theory, given the circumstances is unlikely since I know this seller needs to sell. I would say no to mediation since there is nothing to mediate, the issues I dsicovered were NOT revealed but knowable by the sellers and were not disclosed, care to mediate that? No way the sellers would win.
The odds of someone haggling over earnest money and risk tying up the property for months is small, but I appreciate you mentioning and have duly considered the possibility, but am not worried since they will have not performed in accordance with buyers request for repairs and other reasonable requests.
the bottom line is in escrow, a buyer has certain rights that allow them to cancel.larrylujackParticipantI wonder if you walk, without letting them get a second opinion, if they could refuse to give your deposit back for specific performance reasons?
First of all, “they” don’t have the deposit, escrow does. And, not worried about that, there is no legal requirement for a buyer to accept a second opinion from a seller. if the opinion I got was in good faith and I asked for repairs or a credit based upon the reports, I can walk if the seller refuses. Consequently, I can cancel if the seller refuses and escrow sends me the earnest money deposit, end of story. if the seller contests, then I file a lawsuit tangling up title to the property. think they will do that? not likely.
larrylujackParticipantAs a matter of fact I live in Santee, and grew up here. Your perceptions are somewhat delusional. As everywhere there are drugs in Santee
ok, I’ll take yer word for it, but the school scores suck and I been there. It’s mostly like clairmont, a dump essentially, but if you think that is quality living, then fine. Bottom line is not too many people rushing to buy in Santeee-No??
glad you like it, stay there.
September 23, 2007 at 7:35 PM in reply to: Off topic – The Chargers are NOT who we thought they were #85640larrylujackParticipantthe chargers have Phillip Rivers.
the Bears have bad Rex Grossman, enough said.
no comparison.
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