[NotCranky]

“We already have a guest-worker program. It is just not officially sanctioned by the US Government.”
This is the way the guest worker program is sanctioned:
You want to do that grueling labor or shit work for 8 dollars an hour? “Be my guest”.

[NotCranky]

“We already have a guest-worker program. It is just not officially sanctioned by the US Government.”
This is the way the guest worker program is sanctioned:
You want to do that grueling labor or shit work for 8 dollars an hour? “Be my guest”.

[NotCranky]

“We already have a guest-worker program. It is just not officially sanctioned by the US Government.”
This is the way the guest worker program is sanctioned:
You want to do that grueling labor or shit work for 8 dollars an hour? “Be my guest”.

[NotCranky]

“We already have a guest-worker program. It is just not officially sanctioned by the US Government.”
This is the way the guest worker program is sanctioned:
You want to do that grueling labor or shit work for 8 dollars an hour? “Be my guest”.

[NotCranky]

Nothing wrong with 20% down just not required.I don’t think anyone should feel bad or sit out the market ONLY because they don’t have it. I used a 5% down on my first house and VA no no on my second. The third was quite a different story and the next whatever it takes to get investment properties when I am ready.

Yes Vagabondo many, if not most,low down payment loans will go upside down.They have before I don’t make the rules. Most people pay them in normal times and lenders caluculate the risks in normal times too.

BobS. I don’t know right off hand I’ll ask around.There are some mortgage guys here. I am not sure if contraman orginates loans or just works in finance. Maybe SDR can say if he checks this thread. I had heard a rumor of a 90/10 program at Pacific First Trust Bank a few months ago but I wouldn’t count on finding it there anymore.

Contraman. There are two points: Do you need 20% down which is being spread as an accidental rumor cleared up and spread again. I don’t know why? Then buy vs. rent for what a lot of people want is still out of whack(prices too high). No to the first yes to the second. Which one did I miss?

[NotCranky]

Nothing wrong with 20% down just not required.I don’t think anyone should feel bad or sit out the market ONLY because they don’t have it. I used a 5% down on my first house and VA no no on my second. The third was quite a different story and the next whatever it takes to get investment properties when I am ready.

Yes Vagabondo many, if not most,low down payment loans will go upside down.They have before I don’t make the rules. Most people pay them in normal times and lenders caluculate the risks in normal times too.

BobS. I don’t know right off hand I’ll ask around.There are some mortgage guys here. I am not sure if contraman orginates loans or just works in finance. Maybe SDR can say if he checks this thread. I had heard a rumor of a 90/10 program at Pacific First Trust Bank a few months ago but I wouldn’t count on finding it there anymore.

Contraman. There are two points: Do you need 20% down which is being spread as an accidental rumor cleared up and spread again. I don’t know why? Then buy vs. rent for what a lot of people want is still out of whack(prices too high). No to the first yes to the second. Which one did I miss?

[NotCranky]

Nothing wrong with 20% down just not required.I don’t think anyone should feel bad or sit out the market ONLY because they don’t have it. I used a 5% down on my first house and VA no no on my second. The third was quite a different story and the next whatever it takes to get investment properties when I am ready.

Yes Vagabondo many, if not most,low down payment loans will go upside down.They have before I don’t make the rules. Most people pay them in normal times and lenders caluculate the risks in normal times too.

BobS. I don’t know right off hand I’ll ask around.There are some mortgage guys here. I am not sure if contraman orginates loans or just works in finance. Maybe SDR can say if he checks this thread. I had heard a rumor of a 90/10 program at Pacific First Trust Bank a few months ago but I wouldn’t count on finding it there anymore.

Contraman. There are two points: Do you need 20% down which is being spread as an accidental rumor cleared up and spread again. I don’t know why? Then buy vs. rent for what a lot of people want is still out of whack(prices too high). No to the first yes to the second. Which one did I miss?

[NotCranky]

Nothing wrong with 20% down just not required.I don’t think anyone should feel bad or sit out the market ONLY because they don’t have it. I used a 5% down on my first house and VA no no on my second. The third was quite a different story and the next whatever it takes to get investment properties when I am ready.

Yes Vagabondo many, if not most,low down payment loans will go upside down.They have before I don’t make the rules. Most people pay them in normal times and lenders caluculate the risks in normal times too.

BobS. I don’t know right off hand I’ll ask around.There are some mortgage guys here. I am not sure if contraman orginates loans or just works in finance. Maybe SDR can say if he checks this thread. I had heard a rumor of a 90/10 program at Pacific First Trust Bank a few months ago but I wouldn’t count on finding it there anymore.

Contraman. There are two points: Do you need 20% down which is being spread as an accidental rumor cleared up and spread again. I don’t know why? Then buy vs. rent for what a lot of people want is still out of whack(prices too high). No to the first yes to the second. Which one did I miss?

[NotCranky]

Nothing wrong with 20% down just not required.I don’t think anyone should feel bad or sit out the market ONLY because they don’t have it. I used a 5% down on my first house and VA no no on my second. The third was quite a different story and the next whatever it takes to get investment properties when I am ready.

Yes Vagabondo many, if not most,low down payment loans will go upside down.They have before I don’t make the rules. Most people pay them in normal times and lenders caluculate the risks in normal times too.

BobS. I don’t know right off hand I’ll ask around.There are some mortgage guys here. I am not sure if contraman orginates loans or just works in finance. Maybe SDR can say if he checks this thread. I had heard a rumor of a 90/10 program at Pacific First Trust Bank a few months ago but I wouldn’t count on finding it there anymore.

Contraman. There are two points: Do you need 20% down which is being spread as an accidental rumor cleared up and spread again. I don’t know why? Then buy vs. rent for what a lot of people want is still out of whack(prices too high). No to the first yes to the second. Which one did I miss?

[NotCranky]

Buying is not smart with those numbers (Contraman’s), but why do people keep saying you need 20% down? People with good income good credit don’t need 20% down. On houses where 20% down equals the 60k to 80k that everyone is throwing around here you don’t need it. Anybody buying a house where 20% down is required should have it, or forget it. There is nothing wrong with buying a fairly priced, modest house with less down and it is still very available for people with good income and credit. I am not saying buy. I am asking why is this 20% all of the sudden a wrench in anything? Mortgage insurers are resetting LTV standards to 95-97% and raising Fico score requirements a little. Stated income is largely going the way of the dodo bird. It might get tougher but it isn’t yet.

[NotCranky]

Buying is not smart with those numbers (Contraman’s), but why do people keep saying you need 20% down? People with good income good credit don’t need 20% down. On houses where 20% down equals the 60k to 80k that everyone is throwing around here you don’t need it. Anybody buying a house where 20% down is required should have it, or forget it. There is nothing wrong with buying a fairly priced, modest house with less down and it is still very available for people with good income and credit. I am not saying buy. I am asking why is this 20% all of the sudden a wrench in anything? Mortgage insurers are resetting LTV standards to 95-97% and raising Fico score requirements a little. Stated income is largely going the way of the dodo bird. It might get tougher but it isn’t yet.

[NotCranky]

Buying is not smart with those numbers (Contraman’s), but why do people keep saying you need 20% down? People with good income good credit don’t need 20% down. On houses where 20% down equals the 60k to 80k that everyone is throwing around here you don’t need it. Anybody buying a house where 20% down is required should have it, or forget it. There is nothing wrong with buying a fairly priced, modest house with less down and it is still very available for people with good income and credit. I am not saying buy. I am asking why is this 20% all of the sudden a wrench in anything? Mortgage insurers are resetting LTV standards to 95-97% and raising Fico score requirements a little. Stated income is largely going the way of the dodo bird. It might get tougher but it isn’t yet.

[NotCranky]

Buying is not smart with those numbers (Contraman’s), but why do people keep saying you need 20% down? People with good income good credit don’t need 20% down. On houses where 20% down equals the 60k to 80k that everyone is throwing around here you don’t need it. Anybody buying a house where 20% down is required should have it, or forget it. There is nothing wrong with buying a fairly priced, modest house with less down and it is still very available for people with good income and credit. I am not saying buy. I am asking why is this 20% all of the sudden a wrench in anything? Mortgage insurers are resetting LTV standards to 95-97% and raising Fico score requirements a little. Stated income is largely going the way of the dodo bird. It might get tougher but it isn’t yet.

[NotCranky]

Buying is not smart with those numbers (Contraman’s), but why do people keep saying you need 20% down? People with good income good credit don’t need 20% down. On houses where 20% down equals the 60k to 80k that everyone is throwing around here you don’t need it. Anybody buying a house where 20% down is required should have it, or forget it. There is nothing wrong with buying a fairly priced, modest house with less down and it is still very available for people with good income and credit. I am not saying buy. I am asking why is this 20% all of the sudden a wrench in anything? Mortgage insurers are resetting LTV standards to 95-97% and raising Fico score requirements a little. Stated income is largely going the way of the dodo bird. It might get tougher but it isn’t yet.

[NotCranky]

Your point is correct too alarmclock.However. Data does not a real estate market make. Why is that O.K.for us to claim that in 2005 but not 2008,9,10? Yeah the market stinks but it is starting to have potential. I bought a property in 2004 and my neigbor just bought the one next to me for nearly 3 times that. No no no, the data says that can’t happen.

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