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pencilneck
ParticipantI’m not bitter at all about waiting to purchase a home.
I had a hell of a time convincing my wife that we should wait to purchase (still do, to be truthful) and even if I had purchased in 2002-2005 there is no way she would have let me sell to lock in the profit.
So yes, I took the middleground (renting) and am quite happy with this decision.
ParticipantI’m not bitter at all about waiting to purchase a home.
I had a hell of a time convincing my wife that we should wait to purchase (still do, to be truthful) and even if I had purchased in 2002-2005 there is no way she would have let me sell to lock in the profit.
So yes, I took the middleground (renting) and am quite happy with this decision.
ParticipantI’m not bitter at all about waiting to purchase a home.
I had a hell of a time convincing my wife that we should wait to purchase (still do, to be truthful) and even if I had purchased in 2002-2005 there is no way she would have let me sell to lock in the profit.
So yes, I took the middleground (renting) and am quite happy with this decision.
ParticipantI read an article in the UT or Daily Transcript that said that the proposed loan freeze would help about 12% of those in San Diego, but I can’t remember if it said it would help 12% of those with variable rate loans or 12% of the total pool of San Diego mortgage holders.
Either way, this will do little to slow the current surge of foreclosures.
In my opinion, loan rate freezes will have an overall negative impact on the housing market over the next few years. Having the government move in and renegotiate these contracts adds another element of risk to the lenders. Borrowers will pay for the added risk.
ParticipantI read an article in the UT or Daily Transcript that said that the proposed loan freeze would help about 12% of those in San Diego, but I can’t remember if it said it would help 12% of those with variable rate loans or 12% of the total pool of San Diego mortgage holders.
Either way, this will do little to slow the current surge of foreclosures.
In my opinion, loan rate freezes will have an overall negative impact on the housing market over the next few years. Having the government move in and renegotiate these contracts adds another element of risk to the lenders. Borrowers will pay for the added risk.
ParticipantI read an article in the UT or Daily Transcript that said that the proposed loan freeze would help about 12% of those in San Diego, but I can’t remember if it said it would help 12% of those with variable rate loans or 12% of the total pool of San Diego mortgage holders.
Either way, this will do little to slow the current surge of foreclosures.
In my opinion, loan rate freezes will have an overall negative impact on the housing market over the next few years. Having the government move in and renegotiate these contracts adds another element of risk to the lenders. Borrowers will pay for the added risk.
ParticipantI read an article in the UT or Daily Transcript that said that the proposed loan freeze would help about 12% of those in San Diego, but I can’t remember if it said it would help 12% of those with variable rate loans or 12% of the total pool of San Diego mortgage holders.
Either way, this will do little to slow the current surge of foreclosures.
In my opinion, loan rate freezes will have an overall negative impact on the housing market over the next few years. Having the government move in and renegotiate these contracts adds another element of risk to the lenders. Borrowers will pay for the added risk.
ParticipantI read an article in the UT or Daily Transcript that said that the proposed loan freeze would help about 12% of those in San Diego, but I can’t remember if it said it would help 12% of those with variable rate loans or 12% of the total pool of San Diego mortgage holders.
Either way, this will do little to slow the current surge of foreclosures.
In my opinion, loan rate freezes will have an overall negative impact on the housing market over the next few years. Having the government move in and renegotiate these contracts adds another element of risk to the lenders. Borrowers will pay for the added risk.
ParticipantI agree with above, but also the link you sent was looking at too short a timeframe, in my opinion.
There does appear to be a pretty good long term correlation (although it is not consistent, as they say in the site):
ParticipantI agree with above, but also the link you sent was looking at too short a timeframe, in my opinion.
There does appear to be a pretty good long term correlation (although it is not consistent, as they say in the site):
ParticipantI agree with above, but also the link you sent was looking at too short a timeframe, in my opinion.
There does appear to be a pretty good long term correlation (although it is not consistent, as they say in the site):
ParticipantI agree with above, but also the link you sent was looking at too short a timeframe, in my opinion.
There does appear to be a pretty good long term correlation (although it is not consistent, as they say in the site):
ParticipantI agree with above, but also the link you sent was looking at too short a timeframe, in my opinion.
There does appear to be a pretty good long term correlation (although it is not consistent, as they say in the site):
ParticipantWell said, Sdduuuuude.
One of my favorite indicators is the the Household Debt Service and Financial Obligations Ratios put out quarterly by the Federal Reserve Board. It shows the ratio of debt payments to disposable personal income.
Over time this tends to show the consumer’s sentiment towards debt. Here on the West Coast where real estate is very debt driven (since most of us have to take out loans to purchase a home) this ratio looks to be at least coincident with housing booms and busts, and sometimes leads by a few years.
http://www.federalreserve.gov/releases/housedebt/default.htm
I keep my eye on the DSR. The federal gov’t added renter and homeowner columns a few years ago that I find less than helpful.
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