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NotCranky
Participantgoodbye paranoid
ParticipantIt just appears that there is no more land because the houses you are looking at are almost as big as the lots.There is a plenty of land if you look to the east. Believe it or not the houses & land east of here all the way to the Carolinas can affect prices in San Diego. People and businesses will go there, as they have been doing,if this county doesn’t come back to San Diego’s regular high prices. There would be a lot of expensive empty bank owned houses in San Diego. IMO
Couple of question?
Why has buying slowed down enormously in the last few years? Why are there so many foreclosures here and on the way?ParticipantIt just appears that there is no more land because the houses you are looking at are almost as big as the lots.There is a plenty of land if you look to the east. Believe it or not the houses & land east of here all the way to the Carolinas can affect prices in San Diego. People and businesses will go there, as they have been doing,if this county doesn’t come back to San Diego’s regular high prices. There would be a lot of expensive empty bank owned houses in San Diego. IMO
Couple of question?
Why has buying slowed down enormously in the last few years? Why are there so many foreclosures here and on the way?June 11, 2007 at 5:59 PM in reply to: Article on Yahoo.com: Nation Doomed To 2 Million Foreclosures #58482ParticipantYes.
Good to see you are still frightening yourself about the market cashflow.
June 11, 2007 at 5:59 PM in reply to: Article on Yahoo.com: Nation Doomed To 2 Million Foreclosures #58509ParticipantYes.
Good to see you are still frightening yourself about the market cashflow.
June 11, 2007 at 5:54 PM in reply to: Need advice on the pros and cons of interest only loans #58478ParticipantWhy do you want to make such an extreme case? what_a_disasta
Unless it is the end of the world a person who only has taxes and insurance to pay is in the drivers seat. Especially if they stay away from redevelopement zones and freeways.Even if the house gets taken by “emininet domain” the owner gets paid.
“The idea of owning a home ‘free and clear’ in the US is not based in reality.”
The idea of being free isn’t either but I don’t care to quit breathing.BTW when the U.S took over California after the Mexican American war, Mexican land owners kept possesion of their lands,by treaty. I hope they return the favor.
June 11, 2007 at 5:54 PM in reply to: Need advice on the pros and cons of interest only loans #58505ParticipantWhy do you want to make such an extreme case? what_a_disasta
Unless it is the end of the world a person who only has taxes and insurance to pay is in the drivers seat. Especially if they stay away from redevelopement zones and freeways.Even if the house gets taken by “emininet domain” the owner gets paid.
“The idea of owning a home ‘free and clear’ in the US is not based in reality.”
The idea of being free isn’t either but I don’t care to quit breathing.BTW when the U.S took over California after the Mexican American war, Mexican land owners kept possesion of their lands,by treaty. I hope they return the favor.
ParticipantMedian House Price in San Diego reaches $16,500
(Nuevo dolares)
ParticipantMedian House Price in San Diego reaches $16,500
(Nuevo dolares)
June 11, 2007 at 9:32 AM in reply to: Need advice on the pros and cons of interest only loans #58360Participanthttp://www.quickenloans.com/loan_programs/smart30.html
Looks like they have one here.“then when the 10 years is up you should be able to make up the %30 increase per month.”
sounds to me like you “should” replace the word “should” with “might” on a regular basis.
Edit: Let me try to modify this so I don’t sound so mean.
Being able to afford a house,short of being ripped off by a lender is not about the loan. It’s about buying really being the best economic option including compared to renting and having an almost bullet proof safety net.Yes there are exceptions to everything.June 11, 2007 at 9:32 AM in reply to: Need advice on the pros and cons of interest only loans #58387Participanthttp://www.quickenloans.com/loan_programs/smart30.html
Looks like they have one here.“then when the 10 years is up you should be able to make up the %30 increase per month.”
sounds to me like you “should” replace the word “should” with “might” on a regular basis.
Edit: Let me try to modify this so I don’t sound so mean.
Being able to afford a house,short of being ripped off by a lender is not about the loan. It’s about buying really being the best economic option including compared to renting and having an almost bullet proof safety net.Yes there are exceptions to everything.ParticipantI read that when you posted it jg, I thought you were right. I learned from neighbor who makes custom jewelry. He is an old guy who has been buying gold all his life. He told me that he had concerns about gold prices getting out of hand while his business was slowing.Sounds like a reverse “shoeshine boy story to me”.Disclaimer: He was not trying to sell me any gold.
ParticipantI read that when you posted it jg, I thought you were right. I learned from neighbor who makes custom jewelry. He is an old guy who has been buying gold all his life. He told me that he had concerns about gold prices getting out of hand while his business was slowing.Sounds like a reverse “shoeshine boy story to me”.Disclaimer: He was not trying to sell me any gold.
ParticipantI like blogging with u-2 CY. I Tried to counsel Latesummer and even his detractors were fair with him to a degree. He made good points in instances but way too forcefully.Terribly uncivil debater. I think he wanted to be a star.
I don’t know if you saw my lecture about the absence of “wait and see attitudes” near the bottom of my first and only thread called “for those of you on the sidelines? Pure genius. LOL
I better turn in soon.
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