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PerryChase
ParticipantEarning money is all relative. What if you get to steal it from the peasants for centuries?
What if you get a big oil or rail concession because of corrupt government?
PD, do you think that the Rockerfellers and Vanderbilts honestly earned their money?
If you “earn” a certain portion of GDP, shouldn’t it be fair to contribute the same proportion back?
ParticipantRight-on, Ash Housewares. Watch your back is the name of the game. I think that one should beware in any industry that is commission driven. Look at the motives of the salesperson.
There are Realtors to the stars and Realtors to Spanish speakers; why not a Realtor to the Piggingtons? We have to buy eventually. Who best to give that business to?
ParticipantRight-on, Ash Housewares. Watch your back is the name of the game. I think that one should beware in any industry that is commission driven. Look at the motives of the salesperson.
There are Realtors to the stars and Realtors to Spanish speakers; why not a Realtor to the Piggingtons? We have to buy eventually. Who best to give that business to?
ParticipantI have no problem with SD Realtor getting business here. If people are going to buy, it might as well be from a contributor here.
SD realtor is nice about sharing info. People have posted questions about houses and neighborhoods and he always answers.
ParticipantI have no problem with SD Realtor getting business here. If people are going to buy, it might as well be from a contributor here.
SD realtor is nice about sharing info. People have posted questions about houses and neighborhoods and he always answers.
ParticipantForeigners working and earning wages in America are LOCAL buyers not foreign buyers. That money is part of GDP and not money brought into the economy from outside.
A Brit buying a vacation home in San Diego is a foreign buyer.
ParticipantForeigners working and earning wages in America are LOCAL buyers not foreign buyers. That money is part of GDP and not money brought into the economy from outside.
A Brit buying a vacation home in San Diego is a foreign buyer.
ParticipantHe could go with interest only or option ARM. That will give him more cash flow, for the long-term. Interest rates should not really matter, because over the long-term he’ll make it up on appreciation and enjoyment. The important thing is to get into the house now so he can build up his future for the long-term.
ParticipantHe could go with interest only or option ARM. That will give him more cash flow, for the long-term. Interest rates should not really matter, because over the long-term he’ll make it up on appreciation and enjoyment. The important thing is to get into the house now so he can build up his future for the long-term.
ParticipantAlex_angel, if a couple hundred dollars a month is what your bro-in-law needs to afford the house, long-term, then I’m sure that the builder can accommodate with some kind of incentive such as paying the HOA for a number of years or giving him some cash back at the close of escrow.
In addition, he could do 100% financing and have the builder return the deposit to him at the close of escrow. That should tide him over the long-term. In the long-term, he’ll be OK because his career prospect will improve over the long-term and he’ll make more money in a couple of years. Plus his family can enjoy the house over the long term. His children will benefit from the good school district and that will also pay-off over the long-term. In the long-term houses can only appreciate.
ParticipantAlex_angel, if a couple hundred dollars a month is what your bro-in-law needs to afford the house, long-term, then I’m sure that the builder can accommodate with some kind of incentive such as paying the HOA for a number of years or giving him some cash back at the close of escrow.
In addition, he could do 100% financing and have the builder return the deposit to him at the close of escrow. That should tide him over the long-term. In the long-term, he’ll be OK because his career prospect will improve over the long-term and he’ll make more money in a couple of years. Plus his family can enjoy the house over the long term. His children will benefit from the good school district and that will also pay-off over the long-term. In the long-term houses can only appreciate.
ParticipantI too believe that the strength of global economy is keeping interest rates high. Europe, Australia and New Zealand are raising interest rates. Japan maybe next. If the Fed lowers rates, guess where the money will go?
Notwithstanding a housing crash, the US consumers will not stop shopping at Walmart or Target or even Abercrombie or Nordstrom. After all, even if you’re poor, you have to look fabulous! Consumers will cut back on the SUV first. I don’t see housing affecting imports of consumer goods much.
If anything, a housing crash might spur spending on small consumers purchases. Homeowners walk-away from their jumbo mortgages so they’ll compensate and treat themselves to little things.
ParticipantI too believe that the strength of global economy is keeping interest rates high. Europe, Australia and New Zealand are raising interest rates. Japan maybe next. If the Fed lowers rates, guess where the money will go?
Notwithstanding a housing crash, the US consumers will not stop shopping at Walmart or Target or even Abercrombie or Nordstrom. After all, even if you’re poor, you have to look fabulous! Consumers will cut back on the SUV first. I don’t see housing affecting imports of consumer goods much.
If anything, a housing crash might spur spending on small consumers purchases. Homeowners walk-away from their jumbo mortgages so they’ll compensate and treat themselves to little things.
ParticipantTo me, seeing kids driving luxury cars to high-school is quite shocking. What’s wrong with taking the bus?
I think that is what’s so wonderful about America. It’s full of hope.
Hope is priced into many assets (houses, stocks). There’ll be some major adjustment when we run out of hope.
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