Forum Replies Created
-
AuthorPosts
-
patientrenter
ParticipantGreat news, kev. I rented for a long time in OC myself, and suffered through a cumulative 100% rent increase over 11 years, so it’s nice to see the gouging beginning to reverse.
Are you still looking for a place to buy in So OC? The prices are moving down very slowly. Nowhere near as fast as San Diego.
ParticipantGreat news, kev. I rented for a long time in OC myself, and suffered through a cumulative 100% rent increase over 11 years, so it’s nice to see the gouging beginning to reverse.
Are you still looking for a place to buy in So OC? The prices are moving down very slowly. Nowhere near as fast as San Diego.
ParticipantGreat news, kev. I rented for a long time in OC myself, and suffered through a cumulative 100% rent increase over 11 years, so it’s nice to see the gouging beginning to reverse.
Are you still looking for a place to buy in So OC? The prices are moving down very slowly. Nowhere near as fast as San Diego.
Participant[quote=SD Realtor]jp the thing that bums me out the most is not being able to take advantage of it. I am resigned to the fact that the game is over with respect to logical solutions that are in the best interest of the population. We lost. Wall Street and the government won. However it’s like okay…given this new playing field how can make some straw out of it. [/quote]
SDR, can’t you buy a few houses in Temecula with no-money down loans? If you would have to lie on the application to get the best loan, then just find a predatory mortgage broker who will lie and cheat for you, and just sign your name. Apparently signing a loan application incurs no responsibility. If the houses make money for you, keep ’em. If they start to lose money for you, walk away.
Participant[quote=SD Realtor]jp the thing that bums me out the most is not being able to take advantage of it. I am resigned to the fact that the game is over with respect to logical solutions that are in the best interest of the population. We lost. Wall Street and the government won. However it’s like okay…given this new playing field how can make some straw out of it. [/quote]
SDR, can’t you buy a few houses in Temecula with no-money down loans? If you would have to lie on the application to get the best loan, then just find a predatory mortgage broker who will lie and cheat for you, and just sign your name. Apparently signing a loan application incurs no responsibility. If the houses make money for you, keep ’em. If they start to lose money for you, walk away.
Participant[quote=SD Realtor]jp the thing that bums me out the most is not being able to take advantage of it. I am resigned to the fact that the game is over with respect to logical solutions that are in the best interest of the population. We lost. Wall Street and the government won. However it’s like okay…given this new playing field how can make some straw out of it. [/quote]
SDR, can’t you buy a few houses in Temecula with no-money down loans? If you would have to lie on the application to get the best loan, then just find a predatory mortgage broker who will lie and cheat for you, and just sign your name. Apparently signing a loan application incurs no responsibility. If the houses make money for you, keep ’em. If they start to lose money for you, walk away.
Participant[quote=SD Realtor]jp the thing that bums me out the most is not being able to take advantage of it. I am resigned to the fact that the game is over with respect to logical solutions that are in the best interest of the population. We lost. Wall Street and the government won. However it’s like okay…given this new playing field how can make some straw out of it. [/quote]
SDR, can’t you buy a few houses in Temecula with no-money down loans? If you would have to lie on the application to get the best loan, then just find a predatory mortgage broker who will lie and cheat for you, and just sign your name. Apparently signing a loan application incurs no responsibility. If the houses make money for you, keep ’em. If they start to lose money for you, walk away.
Participant[quote=SD Realtor]jp the thing that bums me out the most is not being able to take advantage of it. I am resigned to the fact that the game is over with respect to logical solutions that are in the best interest of the population. We lost. Wall Street and the government won. However it’s like okay…given this new playing field how can make some straw out of it. [/quote]
SDR, can’t you buy a few houses in Temecula with no-money down loans? If you would have to lie on the application to get the best loan, then just find a predatory mortgage broker who will lie and cheat for you, and just sign your name. Apparently signing a loan application incurs no responsibility. If the houses make money for you, keep ’em. If they start to lose money for you, walk away.
ParticipantIONEGARM, we would have a much healthier economy if downpayments were required to be at least 20-50% of the price of a home. Or there were no restrictions on the downpayments, but absolutely no government guarantees (FHA, FNMA…) or other subsidies for reckless lending. I am not saying this out of loyalty to a political belief, but because it would cause much better incentives in the housing and lending markets, and that would ultimately lead to a wealthier future for us all.
If someone cannot save at least 1/5 of the price of a home before they buy it, how can they ever be expected to pay for all of it, and still take care of their retirement, health care, kids, etc.? For every 1 buyer who gets a home early because of subsidies to enable low downpayments and responsibly ends up paying for 100% of their own retirement and kids etc, there are at least 10 buyers who do not.
ParticipantIONEGARM, we would have a much healthier economy if downpayments were required to be at least 20-50% of the price of a home. Or there were no restrictions on the downpayments, but absolutely no government guarantees (FHA, FNMA…) or other subsidies for reckless lending. I am not saying this out of loyalty to a political belief, but because it would cause much better incentives in the housing and lending markets, and that would ultimately lead to a wealthier future for us all.
If someone cannot save at least 1/5 of the price of a home before they buy it, how can they ever be expected to pay for all of it, and still take care of their retirement, health care, kids, etc.? For every 1 buyer who gets a home early because of subsidies to enable low downpayments and responsibly ends up paying for 100% of their own retirement and kids etc, there are at least 10 buyers who do not.
ParticipantIONEGARM, we would have a much healthier economy if downpayments were required to be at least 20-50% of the price of a home. Or there were no restrictions on the downpayments, but absolutely no government guarantees (FHA, FNMA…) or other subsidies for reckless lending. I am not saying this out of loyalty to a political belief, but because it would cause much better incentives in the housing and lending markets, and that would ultimately lead to a wealthier future for us all.
If someone cannot save at least 1/5 of the price of a home before they buy it, how can they ever be expected to pay for all of it, and still take care of their retirement, health care, kids, etc.? For every 1 buyer who gets a home early because of subsidies to enable low downpayments and responsibly ends up paying for 100% of their own retirement and kids etc, there are at least 10 buyers who do not.
ParticipantIONEGARM, we would have a much healthier economy if downpayments were required to be at least 20-50% of the price of a home. Or there were no restrictions on the downpayments, but absolutely no government guarantees (FHA, FNMA…) or other subsidies for reckless lending. I am not saying this out of loyalty to a political belief, but because it would cause much better incentives in the housing and lending markets, and that would ultimately lead to a wealthier future for us all.
If someone cannot save at least 1/5 of the price of a home before they buy it, how can they ever be expected to pay for all of it, and still take care of their retirement, health care, kids, etc.? For every 1 buyer who gets a home early because of subsidies to enable low downpayments and responsibly ends up paying for 100% of their own retirement and kids etc, there are at least 10 buyers who do not.
ParticipantIONEGARM, we would have a much healthier economy if downpayments were required to be at least 20-50% of the price of a home. Or there were no restrictions on the downpayments, but absolutely no government guarantees (FHA, FNMA…) or other subsidies for reckless lending. I am not saying this out of loyalty to a political belief, but because it would cause much better incentives in the housing and lending markets, and that would ultimately lead to a wealthier future for us all.
If someone cannot save at least 1/5 of the price of a home before they buy it, how can they ever be expected to pay for all of it, and still take care of their retirement, health care, kids, etc.? For every 1 buyer who gets a home early because of subsidies to enable low downpayments and responsibly ends up paying for 100% of their own retirement and kids etc, there are at least 10 buyers who do not.
March 17, 2009 at 4:23 PM in reply to: “Renegotiate” Your Loan – banks giving in to buyers in distress #368231ParticipantAgreed, pri_dk. People who spend big without earning big will eventually die, but that doesn’t change the fact that before then, they will have unfairly enjoyed the fruits of others’ labor.
-
AuthorPosts
