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louise
ParticipantMaybe we should rent first year, but as I wrote above, I don’t want to rent a $M house, so we have to buy somewhere else and the kids will loose the friends. But I do understand your point, you can rent a very nice home now for a good price. I will commute to La Jolla everyday, my husband travels a lot, so it would be better to live closer to my work. We have looked at Carlsbad, but how long does it really take to go from there to La Jolla? Temecula is too far, I think. Thanks both of you for your reply.
ParticipantMaybe we should rent first year, but as I wrote above, I don’t want to rent a $M house, so we have to buy somewhere else and the kids will loose the friends. But I do understand your point, you can rent a very nice home now for a good price. I will commute to La Jolla everyday, my husband travels a lot, so it would be better to live closer to my work. We have looked at Carlsbad, but how long does it really take to go from there to La Jolla? Temecula is too far, I think. Thanks both of you for your reply.
ParticipantThanks, I will look at Carmel Valley. If houses are ~$700000 there now, they might have gone down little more to the summer.
ParticipantThanks, I will look at Carmel Valley. If houses are ~$700000 there now, they might have gone down little more to the summer.
ParticipantThanks, I will look at Carmel Valley. If houses are ~$700000 there now, they might have gone down little more to the summer.
ParticipantThanks for your reply. Yeah, when looking around online to see what is available, I realize that everything is little too expensive. I guess I would compromise on the commute. We rent a house now, and I could rent again, perhaps the smartest to do, but we have already moved so much (From Sweden to Pasadena to Valencia). So, if I rent I would like to rent in a neighborhood where I probably could afford to bye after a while, so we would live in the same school-area.
ParticipantThanks for your reply. Yeah, when looking around online to see what is available, I realize that everything is little too expensive. I guess I would compromise on the commute. We rent a house now, and I could rent again, perhaps the smartest to do, but we have already moved so much (From Sweden to Pasadena to Valencia). So, if I rent I would like to rent in a neighborhood where I probably could afford to bye after a while, so we would live in the same school-area.
ParticipantThanks for your reply. Yeah, when looking around online to see what is available, I realize that everything is little too expensive. I guess I would compromise on the commute. We rent a house now, and I could rent again, perhaps the smartest to do, but we have already moved so much (From Sweden to Pasadena to Valencia). So, if I rent I would like to rent in a neighborhood where I probably could afford to bye after a while, so we would live in the same school-area.
March 15, 2007 at 2:29 PM in reply to: Get fired up! Congress considering bailing out SUB PRIME! #47762ParticipantAll this sounds very absurd, and it can’t possibly happen.
But in case, I have come up with the only solution that would be fair.
Let the people who bought and sold their house for a profit during this time (1998 until 2006) pay. The ones making a lot of money on this housing bubble should pay, including banks, real estate agents (with their huge commissions etc). There is probably an economic genius somewhere that could come up with a calculation how much they should pay back. Of course the money is already spent, but at least they got a chunk of money to spend, and probably they understand that it is not really fair, and will pay back. Or not!
I feel sorry for a lot of young families caught in this mess, but they will probably never receive a dime from anybody. The ones screaming the loudest will get it, and as all know, those are not the people that deserve it.ParticipantI did mean a home in California, Thanks for the link and the answer.
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