[liver]

I would say the real estate agent was incompetent not greedy. If they were greedy they would have priced it at $410k and sold it in one day. Agents are much better off getting slightly less for the house in exchange for a quick sale since that means a lot less work. Why would the agent want the house to be on the market for 3 months, having open houses and showings etc. etc. They are paid on commission but 3% of $465K is not that much more then 3% of $430K.

[liver]

I live down in SD and drive to Escondido to All German Auto, I think it is worth the drive. They have kept my 2000 Audi S4 running in top shape.

http://www.allgermanauto.com/

[liver]

got this from another blog…

China Has a Worse Mortgage Problem Than the U.S.
Here’s the some inverted reassurance: One Chinese academic told the South China Morning Post today’s’ that China’s mortgage market is in even worse shape than the U.S. sub-prime market.

Yi Xianrong, a banking and finance expert at the Chinese Academy of Social Sciences, said Chinese banks had been lax as they built up 3 trillion yuan ($396.2 billion) of mortgage lending.

Defaults in the U.S. subprime mortgage market now total about $200 billion, on some $1 trillion of loans, according to Credit Suisse.

“The quality of housing loans are much worse than the subprime loans in the United States,” Yi was quoted as saying by the South China Morning Post.

“At least there has been a credit check system (in the United States) but in China anyone can borrow money to buy a house.”

Darn Chinese. It’s not enough for them to have the largest IPOs — they also have to have an even more screwed up mortgage market.

[liver]

got this from another blog…

China Has a Worse Mortgage Problem Than the U.S.
Here’s the some inverted reassurance: One Chinese academic told the South China Morning Post today’s’ that China’s mortgage market is in even worse shape than the U.S. sub-prime market.

Yi Xianrong, a banking and finance expert at the Chinese Academy of Social Sciences, said Chinese banks had been lax as they built up 3 trillion yuan ($396.2 billion) of mortgage lending.

Defaults in the U.S. subprime mortgage market now total about $200 billion, on some $1 trillion of loans, according to Credit Suisse.

“The quality of housing loans are much worse than the subprime loans in the United States,” Yi was quoted as saying by the South China Morning Post.

“At least there has been a credit check system (in the United States) but in China anyone can borrow money to buy a house.”

Darn Chinese. It’s not enough for them to have the largest IPOs — they also have to have an even more screwed up mortgage market.

[liver]

got this from another blog…

China Has a Worse Mortgage Problem Than the U.S.
Here’s the some inverted reassurance: One Chinese academic told the South China Morning Post today’s’ that China’s mortgage market is in even worse shape than the U.S. sub-prime market.

Yi Xianrong, a banking and finance expert at the Chinese Academy of Social Sciences, said Chinese banks had been lax as they built up 3 trillion yuan ($396.2 billion) of mortgage lending.

Defaults in the U.S. subprime mortgage market now total about $200 billion, on some $1 trillion of loans, according to Credit Suisse.

“The quality of housing loans are much worse than the subprime loans in the United States,” Yi was quoted as saying by the South China Morning Post.

“At least there has been a credit check system (in the United States) but in China anyone can borrow money to buy a house.”

Darn Chinese. It’s not enough for them to have the largest IPOs — they also have to have an even more screwed up mortgage market.

[liver]

Ah rent control I remember when I lived in San Francisco starting out and was paying more than half my take home pay in rent. Guy across the hall from me paid about 1/5 of what I paid and used the place to see his mistress. It was so great watching him pull up in his Benz with his girlfriend and use the place for a couple hours each week while eating my ramen noodles…
And try to get the landlord to fix anything was always fun, since he wanted people to move out so he could charge more to the next person.

Of course rent control was sold as a way to keep little old ladies off the street (sound familiar) but the result was a lot of misused housing, a black market in sublets, little upkeep of property and very low supply of rentals but as long as it was better for 51% of the population it was a great thing.

[liver]

Ah rent control I remember when I lived in San Francisco starting out and was paying more than half my take home pay in rent. Guy across the hall from me paid about 1/5 of what I paid and used the place to see his mistress. It was so great watching him pull up in his Benz with his girlfriend and use the place for a couple hours each week while eating my ramen noodles…
And try to get the landlord to fix anything was always fun, since he wanted people to move out so he could charge more to the next person.

Of course rent control was sold as a way to keep little old ladies off the street (sound familiar) but the result was a lot of misused housing, a black market in sublets, little upkeep of property and very low supply of rentals but as long as it was better for 51% of the population it was a great thing.

[liver]

PC-
I think prop 13 is very unfair, though I understand the arguments for it. Don’t assume the school thing justifies it because not all new people to an area are young couples with kids and use the schools…how can they be with house prices so high?

Also you can pass the house down to your kids so you have people who are using the schools who are paying their parents property tax rates. Additionally, you have a lot of people who choose to send their kids to private school because they perceive public schools as being bad, so they aren’t getting their money’s worth for their property taxes either.

I am also progressive in that I think everyone should pay taxes, I just don’t think we should separate tax payers into groups based on age or time lived somewhere or race, sex, creed or any other majority rules basis.

[liver]

PC-
I think prop 13 is very unfair, though I understand the arguments for it. Don’t assume the school thing justifies it because not all new people to an area are young couples with kids and use the schools…how can they be with house prices so high?

Also you can pass the house down to your kids so you have people who are using the schools who are paying their parents property tax rates. Additionally, you have a lot of people who choose to send their kids to private school because they perceive public schools as being bad, so they aren’t getting their money’s worth for their property taxes either.

I am also progressive in that I think everyone should pay taxes, I just don’t think we should separate tax payers into groups based on age or time lived somewhere or race, sex, creed or any other majority rules basis.

[liver]

It is likely to be the same hostility new owners have towards people who have been in their house since prop 13 and are paying very little in property taxes for the same public services.

[liver]

It is likely to be the same hostility new owners have towards people who have been in their house since prop 13 and are paying very little in property taxes for the same public services.

[liver]

I would much rather have higher rates and 20% required for down payments. Prices would come down a lot and people would be forced to save. When they actually bought a house they would have a real chance at owning it someday, rather then constantly paying the bank to rent their house.

[liver]

I would much rather have higher rates and 20% required for down payments. Prices would come down a lot and people would be forced to save. When they actually bought a house they would have a real chance at owning it someday, rather then constantly paying the bank to rent their house.

[liver]

why not just buy The WilderHill Clean Energy Index ETF ticker is PBW. It is both time and tax efficient…

[liver]

why not just buy The WilderHill Clean Energy Index ETF ticker is PBW. It is both time and tax efficient…

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