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September 11, 2007 at 4:03 PM in reply to: Where did this five year window to live in a house come from? #84197
PadreBrian
ParticipantYep. In today’s high tech job market you projects change all the time, you go where your specialty is needed. There’s no such thing as “a job for life” anymore. For example you are a genetic engineer that specializes in X…and there only a few in the country that can do x…when one project is finished company A doesn’t need X any more they need Z. You find a company that needs X. oops, that’s in Portland.
I do say that flippers for the last few years have been feeding of the engineers in San Diego, adding fuel to the fire.
PadreBrian
ParticipantGold Stocks, and Canadian oil are safe bets. The Canadian dollar is almost even with the sinking US dollar.
September 10, 2007 at 10:14 AM in reply to: Helicopter Drops and Lollipops…why the Fed saving your SD house is a Myth #84033PadreBrian
ParticipantI see your point. from bloomberg today:
“With the Fed cutting rates and the ECB on hold, U.S. assets will become less attractive,” said Greg Salvaggio, vice president of capital markets at currency-trading company Tempus Consulting in Washington. “That’s weighing on the dollar.”The dollar fell to $1.3798 per euro at 1:03 p.m. in New York, after earlier touching $1.3816, the lowest since Aug. 9, from $1.3768 on Sept. 7. That compares with the record low of $1.3852 reached July 24. The U.S. currency bought 113.37 yen, from 113.38. The euro traded at 156.46 yen, from 156.10.
Salvaggio forecasts the dollar may fall to $1.42 per euro by year-end.
The U.S. dollar index comparing the currency with its six primary peers, including the pound and yen, fell to as low as 79.788, the weakest in 15 years, from 79.959 on Sept. 7.
“The dollar has gone from being a safe-haven currency to a U.S.-centric currency,” said Mitul Kotecha, head of currency strategy at Calyon London.
http://www.bloomberg.com/apps/news?pid=20601101&sid=awLm4M6SAxV0&refer=japan
Great job, bush&gang. :/ Bring in those copters.lol
PadreBrian
Participantlol. So true.
September 7, 2007 at 9:53 AM in reply to: Avoiding jumbo loans– 2 conforming loans mortgage option? #83730PadreBrian
ParticipantThank you!
btw, is the 2nd a recourse loan, and the primary a non-recourse?
September 6, 2007 at 3:01 PM in reply to: Avoiding jumbo loans– 2 conforming loans mortgage option? #83635PadreBrian
ParticipantIf someone did get 2 loans and the house foreclosed on. In California, would both debts be forgiven, or just the first?
PadreBrian
ParticipantLooks like he had the assessor revalue it for tax reasons.
PadreBrian
ParticipantI heard it was over a striper slip & slide stunt as well. Showgirls.
Horney drunk mob. Denied by police. There was probably a better way for the police to defuse the situation.
PadreBrian
ParticipantI might check them out too. Maybe another +50k depending on location.
I also suspect Downtown is going to see whole buildings do this with thier unsold stock.
PadreBrian
ParticipantI knew that place would never sell those units for 400k+. Just retarded.
“Wonder how this affects current La Boheme owners”
It means they will have to foreclose to get out of housing which is only worth 50% of what their mortgage is.The 2 beds i estimate are worth 250k, and the the 1 beds worth 200k…max.
PadreBrian
ParticipantYeah, smells like a foeclosure squater/con-artist.
edit: it’s now gone.
PadreBrian
Participant2004?? Hell no. We are looking at 2001/2002 in the next few months.
PadreBrian
Participant320k is still too high. Price Per Square Foot, 250ish would be it’s pre-bubble price for this 70’s apartment to condo conversion. btw, there’s only one supermarket that servers that whole area. Zero parking.
PadreBrian
ParticipantRent.
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