Forum Replies Created
-
AuthorPosts
-
no_such_reality
ParticipantThe problem is written up in plain black and white in the 14th paragraph.
“the family of four depends solely on Michael’s salary to pay the bills: a $2,900 monthly mortgage payment, including taxes and homeowners association dues; a $40,000 school loan; credit card payments; a car loan and their living expenses. ”
ParticipantThe problem is written up in plain black and white in the 14th paragraph.
“the family of four depends solely on Michael’s salary to pay the bills: a $2,900 monthly mortgage payment, including taxes and homeowners association dues; a $40,000 school loan; credit card payments; a car loan and their living expenses. ”
ParticipantThe problem is written up in plain black and white in the 14th paragraph.
“the family of four depends solely on Michael’s salary to pay the bills: a $2,900 monthly mortgage payment, including taxes and homeowners association dues; a $40,000 school loan; credit card payments; a car loan and their living expenses. ”
December 1, 2007 at 10:03 PM in reply to: CNN — Rate freeze plan for ARMs gains traction. How will this affect the market if this goes thru? #107025ParticipantThey’re not talking about locking at 4.5%. They said in the WSJ yesterday that the loans they’re considering would lock at between 7-9% instead of adjusting to 9-11%.
December 1, 2007 at 10:03 PM in reply to: CNN — Rate freeze plan for ARMs gains traction. How will this affect the market if this goes thru? #107123ParticipantThey’re not talking about locking at 4.5%. They said in the WSJ yesterday that the loans they’re considering would lock at between 7-9% instead of adjusting to 9-11%.
December 1, 2007 at 10:03 PM in reply to: CNN — Rate freeze plan for ARMs gains traction. How will this affect the market if this goes thru? #107154ParticipantThey’re not talking about locking at 4.5%. They said in the WSJ yesterday that the loans they’re considering would lock at between 7-9% instead of adjusting to 9-11%.
December 1, 2007 at 10:03 PM in reply to: CNN — Rate freeze plan for ARMs gains traction. How will this affect the market if this goes thru? #107161ParticipantThey’re not talking about locking at 4.5%. They said in the WSJ yesterday that the loans they’re considering would lock at between 7-9% instead of adjusting to 9-11%.
December 1, 2007 at 10:03 PM in reply to: CNN — Rate freeze plan for ARMs gains traction. How will this affect the market if this goes thru? #107183ParticipantThey’re not talking about locking at 4.5%. They said in the WSJ yesterday that the loans they’re considering would lock at between 7-9% instead of adjusting to 9-11%.
ParticipantI just think people need to be aware of the consequences of that.
People need to think about the consequences of a market frozen at 10X incomes where a housing payment requires a 65% DTI payment at 2X fair market rent.
Just think, the house quits paying them, they quit spending all that nice equity, BTW did you notice the new big sellers this year at $150 GPS systems instead of $3000 LCD HDTVs?
ParticipantI just think people need to be aware of the consequences of that.
People need to think about the consequences of a market frozen at 10X incomes where a housing payment requires a 65% DTI payment at 2X fair market rent.
Just think, the house quits paying them, they quit spending all that nice equity, BTW did you notice the new big sellers this year at $150 GPS systems instead of $3000 LCD HDTVs?
ParticipantI just think people need to be aware of the consequences of that.
People need to think about the consequences of a market frozen at 10X incomes where a housing payment requires a 65% DTI payment at 2X fair market rent.
Just think, the house quits paying them, they quit spending all that nice equity, BTW did you notice the new big sellers this year at $150 GPS systems instead of $3000 LCD HDTVs?
ParticipantI just think people need to be aware of the consequences of that.
People need to think about the consequences of a market frozen at 10X incomes where a housing payment requires a 65% DTI payment at 2X fair market rent.
Just think, the house quits paying them, they quit spending all that nice equity, BTW did you notice the new big sellers this year at $150 GPS systems instead of $3000 LCD HDTVs?
ParticipantI just think people need to be aware of the consequences of that.
People need to think about the consequences of a market frozen at 10X incomes where a housing payment requires a 65% DTI payment at 2X fair market rent.
Just think, the house quits paying them, they quit spending all that nice equity, BTW did you notice the new big sellers this year at $150 GPS systems instead of $3000 LCD HDTVs?
ParticipantBut what if bread lines would do the country some good?
-
AuthorPosts
