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patientlywaiting
ParticipantI like to take flights out of Palomar when available.
Very convenient. As far as I’m concerned, there should be more smaller aircraft flights at Palomar to relieve the congestion at Lindberg.Sorry but too bad for the people who live nearby. They should have known.
ParticipantI agree with gn, price are headed much lower.
Don’t buy anything now. What’s stopping you from renting a nicer place, like a townhouse or a SFR? Why do you have to stay in a 650sf apartment?
Don’t buy anything until some banks and developers start going under. Corus Bank for example lent to condo developers and they are not at risk.
Looking at houses now will only pressure both of you to buy and the emotions of owning will cause bad decisions. Don’t catch the falling knife!!
And grow some balls! Don’t let wifey whine her way into an overpriced house.
ParticipantI agree with gn, price are headed much lower.
Don’t buy anything now. What’s stopping you from renting a nicer place, like a townhouse or a SFR? Why do you have to stay in a 650sf apartment?
Don’t buy anything until some banks and developers start going under. Corus Bank for example lent to condo developers and they are not at risk.
Looking at houses now will only pressure both of you to buy and the emotions of owning will cause bad decisions. Don’t catch the falling knife!!
And grow some balls! Don’t let wifey whine her way into an overpriced house.
ParticipantSo you were the comp killer what cause that whole slide, ha.haha.
Within $50k from the next best deal… Well, I’m afraid that your great deal will turn out to be mediocre at best It’s all relative anyway so if you’re happy, then that’s all that counts.
Did you add up all the ownership premium over time? And what those would be worth if you had wisely invested the money?
You sound like a realist who can see the market for what it is. Why not keep track of the difference been buy and rent since your purchase and after 10 years see what the difference is. It would be a good lesson to hand down to the kids.
ParticipantSo you were the comp killer what cause that whole slide, ha.haha.
Within $50k from the next best deal… Well, I’m afraid that your great deal will turn out to be mediocre at best It’s all relative anyway so if you’re happy, then that’s all that counts.
Did you add up all the ownership premium over time? And what those would be worth if you had wisely invested the money?
You sound like a realist who can see the market for what it is. Why not keep track of the difference been buy and rent since your purchase and after 10 years see what the difference is. It would be a good lesson to hand down to the kids.
October 11, 2007 at 2:42 PM in reply to: Will honest people start doing dirty/crooked things to bail out of their houses #88179Participantex-sd, I’m no expect on this matter so I don’t pretend to know more than you. Just thinking about the possibilities here.
I was talking about a family who wants to move up to a better house in the same general area. They can buy a new house with a contingency that they sell the old one first, or they can buy the new house then sell the old one later. It would work the same for a family that is downsizing.
How can the lender divine what the “real” intention of the buyer is assuming that he is otherwise a rock solid borrower.
October 11, 2007 at 2:42 PM in reply to: Will honest people start doing dirty/crooked things to bail out of their houses #88182Participantex-sd, I’m no expect on this matter so I don’t pretend to know more than you. Just thinking about the possibilities here.
I was talking about a family who wants to move up to a better house in the same general area. They can buy a new house with a contingency that they sell the old one first, or they can buy the new house then sell the old one later. It would work the same for a family that is downsizing.
How can the lender divine what the “real” intention of the buyer is assuming that he is otherwise a rock solid borrower.
October 11, 2007 at 1:47 PM in reply to: Will honest people start doing dirty/crooked things to bail out of their houses #88166Participantex-sd, that’s news to me.
If you’re right, that will kill the move-up market as well. Are move-up families going to have to sell, rent then buy?
October 11, 2007 at 1:47 PM in reply to: Will honest people start doing dirty/crooked things to bail out of their houses #88171Participantex-sd, that’s news to me.
If you’re right, that will kill the move-up market as well. Are move-up families going to have to sell, rent then buy?
Participant23109VC, I can’t believe you’ve been reading this site and still you went out and bought a few months back.
Anyway, do keep us to date on Temecula. Yes, kudos to you for being realistic even though you purchased recently.
Participant23109VC, I can’t believe you’ve been reading this site and still you went out and bought a few months back.
Anyway, do keep us to date on Temecula. Yes, kudos to you for being realistic even though you purchased recently.
October 11, 2007 at 1:34 PM in reply to: Will honest people start doing dirty/crooked things to bail out of their houses #88156ParticipantVery easy to get another purchase mortgage. Just tell the lender you are in the process of selling the old house so it won’t be a liability anymore.
That’s how people normally obtain loans when they move up. The lender then ignore the current mortgage in the underwriting process.
October 11, 2007 at 1:34 PM in reply to: Will honest people start doing dirty/crooked things to bail out of their houses #88161ParticipantVery easy to get another purchase mortgage. Just tell the lender you are in the process of selling the old house so it won’t be a liability anymore.
That’s how people normally obtain loans when they move up. The lender then ignore the current mortgage in the underwriting process.
October 11, 2007 at 12:58 PM in reply to: Will honest people start doing dirty/crooked things to bail out of their houses #88138ParticipantFraud is an interesting aspect of this whole drama.
A lot of borrowers obtained loans through fraud (overstating income, primary residence instead of investment purchase, etc..) If the banks do some research and can uncover fraud then all bets are off. I would think that the non-recourse aspects of the mortgages are voidable because of fraud (which is also a criminal offense punishable by jail time, if the DA decides to prosecute).
Personally, I think we (as a society) should put more resources to prosecuting the white collar criminals. It doesn’t seem fair that the uneducated criminals get stiff sentences while the smart people who cook up complex scheme go unscathed.
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