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  • March 7, 2008 at 9:10 AM in reply to: “Nearly 20 years later, Japan is still struggling.” #165793
    nostradamus
    Participant

    Over here in the US of A, we’re being screwed twice:

    1. By dropping rates the dollar is devaluated causing an inflationary recession.

    2. With threats of bailouts they are keeping home prices artificially high, thereby reducing further the things we can afford (mainly, a home) which compounds the affects of the recession.

    March 7, 2008 at 9:10 AM in reply to: “Nearly 20 years later, Japan is still struggling.” #165800
    nostradamus
    Participant

    Over here in the US of A, we’re being screwed twice:

    1. By dropping rates the dollar is devaluated causing an inflationary recession.

    2. With threats of bailouts they are keeping home prices artificially high, thereby reducing further the things we can afford (mainly, a home) which compounds the affects of the recession.

    March 7, 2008 at 9:10 AM in reply to: “Nearly 20 years later, Japan is still struggling.” #165804
    nostradamus
    Participant

    Over here in the US of A, we’re being screwed twice:

    1. By dropping rates the dollar is devaluated causing an inflationary recession.

    2. With threats of bailouts they are keeping home prices artificially high, thereby reducing further the things we can afford (mainly, a home) which compounds the affects of the recession.

    March 7, 2008 at 9:10 AM in reply to: “Nearly 20 years later, Japan is still struggling.” #165892
    nostradamus
    Participant

    Over here in the US of A, we’re being screwed twice:

    1. By dropping rates the dollar is devaluated causing an inflationary recession.

    2. With threats of bailouts they are keeping home prices artificially high, thereby reducing further the things we can afford (mainly, a home) which compounds the affects of the recession.

    March 6, 2008 at 5:31 PM in reply to: My experience qualifying for a jumbo loan #165195
    nostradamus
    Participant

    It will only benefit me in the long run. Patience will untimately be rewarded.

    Way to go!  I applaud your patience and hope you're right because I'm in the same situation.  Hopefully soon you will get a new-and-improved dream house with 25% more, free!

     

    March 6, 2008 at 5:31 PM in reply to: My experience qualifying for a jumbo loan #165509
    nostradamus
    Participant

    It will only benefit me in the long run. Patience will untimately be rewarded.

    Way to go!  I applaud your patience and hope you're right because I'm in the same situation.  Hopefully soon you will get a new-and-improved dream house with 25% more, free!

     

    March 6, 2008 at 5:31 PM in reply to: My experience qualifying for a jumbo loan #165521
    nostradamus
    Participant

    It will only benefit me in the long run. Patience will untimately be rewarded.

    Way to go!  I applaud your patience and hope you're right because I'm in the same situation.  Hopefully soon you will get a new-and-improved dream house with 25% more, free!

     

    March 6, 2008 at 5:31 PM in reply to: My experience qualifying for a jumbo loan #165525
    nostradamus
    Participant

    It will only benefit me in the long run. Patience will untimately be rewarded.

    Way to go!  I applaud your patience and hope you're right because I'm in the same situation.  Hopefully soon you will get a new-and-improved dream house with 25% more, free!

     

    March 6, 2008 at 5:31 PM in reply to: My experience qualifying for a jumbo loan #165610
    nostradamus
    Participant

    It will only benefit me in the long run. Patience will untimately be rewarded.

    Way to go!  I applaud your patience and hope you're right because I'm in the same situation.  Hopefully soon you will get a new-and-improved dream house with 25% more, free!

     

    March 6, 2008 at 4:44 PM in reply to: Where would we be now without the bailout? #165165
    nostradamus
    Participant

    LOL, SDT. I like the “mobility” part of item 3. It does sound like a headline!

    March 6, 2008 at 4:44 PM in reply to: Where would we be now without the bailout? #165478
    nostradamus
    Participant

    LOL, SDT. I like the “mobility” part of item 3. It does sound like a headline!

    March 6, 2008 at 4:44 PM in reply to: Where would we be now without the bailout? #165491
    nostradamus
    Participant

    LOL, SDT. I like the “mobility” part of item 3. It does sound like a headline!

    March 6, 2008 at 4:44 PM in reply to: Where would we be now without the bailout? #165494
    nostradamus
    Participant

    LOL, SDT. I like the “mobility” part of item 3. It does sound like a headline!

    March 6, 2008 at 4:44 PM in reply to: Where would we be now without the bailout? #165581
    nostradamus
    Participant

    LOL, SDT. I like the “mobility” part of item 3. It does sound like a headline!

    March 6, 2008 at 4:23 PM in reply to: My experience qualifying for a jumbo loan #165160
    nostradamus
    Participant

    I would agree with them, for loans that large the LTV should at most be 75%. People buying houses in that range should be able to cover it. Investors no longer have the flexibility to dish out cash to every speculator who thinks they found an enticing opportunity but can’t fund even 25% of it.

    It is an interesting point that this may affect the high end market, and I definitely agree with you there.

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