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AuthorPosts
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Raybyrnes
ParticipantCarlsbadMtnBiker
Spot on. Any broker tell you that they are expecting increases of 300% is setting you up. This way when they place business witha differnt carrier that PAYS THEM a higher commiosn you don’t feel so bad and are happy for all the hard work he did.
Insurance is heavily regulated. There is a ton of public information out there. Please do not buy into the hype. It is fairly sickening to hear people make these claims about increases and they have no clue what they are talking about.
Let me present an insurance broker at work. 2 Homeowners policies with equivalent coverage. One Policy is 1700 a year but pays him 17% of the premium. The other policy is 1200 a year but only pays 7%. He will either not tell you about the 1200$ policy or will sell you the 1200 policy but charge you a 500$ broker fee.
Other brokers just try to volume out as many policies as they can and will simply sell the 1200 policy all day. Anytime he see the name of a comapny that he know he has a better price than he is going to solicit your business and ask if your interest in reviewing your policy to se if he can save you money. He already know going in that he is going to cost less.
ParticipantAs I mentioned in my original post purchaseing a home through the housing commision is a hybrid purchase. These homes, townhomes, condo are not money makers. That is not the intent of the program. The home prices are set by a combination of Median income, Interest rate, and Housing prices. All in all they have an expectation that you should be able to pay 30% of you monthly income based on the Median Imcomes in San Diego. There fore they are locking you into a fixed monthly payment. Lets say the home price is 150K, %rate is 6% monthly payment is now 1500 a month. If the interest rate goes down to 4% the owner can now sel for 160K becasue the monthly payment is still 1500. If the median income goes from 50K in an area to 60 k this means that people can now afford more than 1500 which has the effect of increasing the 150 selling price to lets say 160.
The bottom line is that you are not going to participate in reapid appreciation. When I was in between jobs I targeted La Jolla, Del Mar, and Carmel Valley for properties. They are out there. I had a 2 bed 2 bath Carmel Valley property lined up for 140K. It would have worked out to 1500 a month. Back out the tax deduction and the pay down on the loan and I was looking at 900$. That is a damn good deal. Problen her is that the seller wanted me to pay all the closing costs. I am in sales and I knew where my income would be in a matter of months and with a wife who is close to obtaining her dental licenses here in the US I felt I would ahve an easier time in a few year of just buying a plce and hoping for the best. In any event go through psots for Temecula and the areas you are interested in. The key is getting your name on the lists. This is a very good deal for someone in your situation.
ParticipantAs I mentioned in my original post purchaseing a home through the housing commision is a hybrid purchase. These homes, townhomes, condo are not money makers. That is not the intent of the program. The home prices are set by a combination of Median income, Interest rate, and Housing prices. All in all they have an expectation that you should be able to pay 30% of you monthly income based on the Median Imcomes in San Diego. There fore they are locking you into a fixed monthly payment. Lets say the home price is 150K, %rate is 6% monthly payment is now 1500 a month. If the interest rate goes down to 4% the owner can now sel for 160K becasue the monthly payment is still 1500. If the median income goes from 50K in an area to 60 k this means that people can now afford more than 1500 which has the effect of increasing the 150 selling price to lets say 160.
The bottom line is that you are not going to participate in reapid appreciation. When I was in between jobs I targeted La Jolla, Del Mar, and Carmel Valley for properties. They are out there. I had a 2 bed 2 bath Carmel Valley property lined up for 140K. It would have worked out to 1500 a month. Back out the tax deduction and the pay down on the loan and I was looking at 900$. That is a damn good deal. Problen her is that the seller wanted me to pay all the closing costs. I am in sales and I knew where my income would be in a matter of months and with a wife who is close to obtaining her dental licenses here in the US I felt I would ahve an easier time in a few year of just buying a plce and hoping for the best. In any event go through psots for Temecula and the areas you are interested in. The key is getting your name on the lists. This is a very good deal for someone in your situation.
ParticipantAs I mentioned in my original post purchaseing a home through the housing commision is a hybrid purchase. These homes, townhomes, condo are not money makers. That is not the intent of the program. The home prices are set by a combination of Median income, Interest rate, and Housing prices. All in all they have an expectation that you should be able to pay 30% of you monthly income based on the Median Imcomes in San Diego. There fore they are locking you into a fixed monthly payment. Lets say the home price is 150K, %rate is 6% monthly payment is now 1500 a month. If the interest rate goes down to 4% the owner can now sel for 160K becasue the monthly payment is still 1500. If the median income goes from 50K in an area to 60 k this means that people can now afford more than 1500 which has the effect of increasing the 150 selling price to lets say 160.
The bottom line is that you are not going to participate in reapid appreciation. When I was in between jobs I targeted La Jolla, Del Mar, and Carmel Valley for properties. They are out there. I had a 2 bed 2 bath Carmel Valley property lined up for 140K. It would have worked out to 1500 a month. Back out the tax deduction and the pay down on the loan and I was looking at 900$. That is a damn good deal. Problen her is that the seller wanted me to pay all the closing costs. I am in sales and I knew where my income would be in a matter of months and with a wife who is close to obtaining her dental licenses here in the US I felt I would ahve an easier time in a few year of just buying a plce and hoping for the best. In any event go through psots for Temecula and the areas you are interested in. The key is getting your name on the lists. This is a very good deal for someone in your situation.
ParticipantFrinds at Washingint Mutual says they ahve people who are just walking in and dopping off the keys. Not even going to try and work out of this.
ParticipantFrinds at Washingint Mutual says they ahve people who are just walking in and dopping off the keys. Not even going to try and work out of this.
ParticipantFrinds at Washingint Mutual says they ahve people who are just walking in and dopping off the keys. Not even going to try and work out of this.
ParticipantDoesn’t matter how long you had been paying rent. You owe two month rent and now say you don’t ahve the money becaue you spent it on bills. How do you figure that you are somwhow going to dig out the way you are going?
If you want out here is your gameplan. Use the following link to the San Diego Housing Commission
http://www.sdhc.org/giaffordhousingnews1b.shtml
These properties are a hybrid of owning and renting. You need to get on list s and get prequalified and this take s time.
Additionally you need to get finance adn you obviously have no maney to put doewn so I would use the following link for getting financed
If you went to get a masters and have student loasn I would contact your current lender and request a deferrment or forbearance. The government proveds you with up to 6 years where you can postpone payment on Federal Loans without adversely affecting your credit. This will free up you monthly cashflow to make you required payments to other debtholder of yours.
Go through the properties and find one You like. Speak with Vicki at the housing commission. That is the way you will find you way out. If you had done this two years ago you would already be in an ownership situation.
Good Luck
ParticipantDoesn’t matter how long you had been paying rent. You owe two month rent and now say you don’t ahve the money becaue you spent it on bills. How do you figure that you are somwhow going to dig out the way you are going?
If you want out here is your gameplan. Use the following link to the San Diego Housing Commission
http://www.sdhc.org/giaffordhousingnews1b.shtml
These properties are a hybrid of owning and renting. You need to get on list s and get prequalified and this take s time.
Additionally you need to get finance adn you obviously have no maney to put doewn so I would use the following link for getting financed
If you went to get a masters and have student loasn I would contact your current lender and request a deferrment or forbearance. The government proveds you with up to 6 years where you can postpone payment on Federal Loans without adversely affecting your credit. This will free up you monthly cashflow to make you required payments to other debtholder of yours.
Go through the properties and find one You like. Speak with Vicki at the housing commission. That is the way you will find you way out. If you had done this two years ago you would already be in an ownership situation.
Good Luck
ParticipantDoesn’t matter how long you had been paying rent. You owe two month rent and now say you don’t ahve the money becaue you spent it on bills. How do you figure that you are somwhow going to dig out the way you are going?
If you want out here is your gameplan. Use the following link to the San Diego Housing Commission
http://www.sdhc.org/giaffordhousingnews1b.shtml
These properties are a hybrid of owning and renting. You need to get on list s and get prequalified and this take s time.
Additionally you need to get finance adn you obviously have no maney to put doewn so I would use the following link for getting financed
If you went to get a masters and have student loasn I would contact your current lender and request a deferrment or forbearance. The government proveds you with up to 6 years where you can postpone payment on Federal Loans without adversely affecting your credit. This will free up you monthly cashflow to make you required payments to other debtholder of yours.
Go through the properties and find one You like. Speak with Vicki at the housing commission. That is the way you will find you way out. If you had done this two years ago you would already be in an ownership situation.
Good Luck
ParticipantOC Scam
I don’t agree with what youa re doing either but there is a difference. Youo suggested that you have the moeny in an escrow account. Therefore if there is money to be paid you ensure that the right people get it. Additionally if you ahve the money socked away you ahd enough to pay your bills and this is meoney to boot if there is no oine to make a claim on it. Means you have not over exteded yourself.
This poster does not have the money for the place. She has already spent it. Therefore she is simply looking for a group to rationalize what she is doing. She is overextending herself on RENT. Are you kidding me. I’ll make a bet she has a cell phone and Cable TV to go along with it. To somehow tell her this is OK. Sorry. I see a huge difference. She just wnats a free pass. Might as well institutionalize the practice. You might be good at that. You can advertise. Training Deadbeats to avoid paying rent and then justifying it.
ParticipantOC Scam
I don’t agree with what youa re doing either but there is a difference. Youo suggested that you have the moeny in an escrow account. Therefore if there is money to be paid you ensure that the right people get it. Additionally if you ahve the money socked away you ahd enough to pay your bills and this is meoney to boot if there is no oine to make a claim on it. Means you have not over exteded yourself.
This poster does not have the money for the place. She has already spent it. Therefore she is simply looking for a group to rationalize what she is doing. She is overextending herself on RENT. Are you kidding me. I’ll make a bet she has a cell phone and Cable TV to go along with it. To somehow tell her this is OK. Sorry. I see a huge difference. She just wnats a free pass. Might as well institutionalize the practice. You might be good at that. You can advertise. Training Deadbeats to avoid paying rent and then justifying it.
ParticipantOC Scam
I don’t agree with what youa re doing either but there is a difference. Youo suggested that you have the moeny in an escrow account. Therefore if there is money to be paid you ensure that the right people get it. Additionally if you ahve the money socked away you ahd enough to pay your bills and this is meoney to boot if there is no oine to make a claim on it. Means you have not over exteded yourself.
This poster does not have the money for the place. She has already spent it. Therefore she is simply looking for a group to rationalize what she is doing. She is overextending herself on RENT. Are you kidding me. I’ll make a bet she has a cell phone and Cable TV to go along with it. To somehow tell her this is OK. Sorry. I see a huge difference. She just wnats a free pass. Might as well institutionalize the practice. You might be good at that. You can advertise. Training Deadbeats to avoid paying rent and then justifying it.
ParticipantRationalizing the fact that you don’t wnat to pay your rent and have spent money that your shouldn’t have doesn’t change things a bit. Additionlly rationalizing that your kids loive the place that you can’t afford doesn’t change things. To me it is a simple quesiton of people not paying there bills and being deadbeats.
The owner provided you housing that you ahve lived in. Pay you bills and stop being a loser. If these are habits that you are going to teach your kids how far are they goig to get.
A better example is sitting down with them on a sunday with the UNion tribune and the couplon section and training them to save.
Let the kids live in things you can afford and training them to take pride in what they have. As you savce and move up they will recognize all the hard work it took to get there. That is called being a parent.
I fill you in on something else. It doesn;t get easier. College will be here before you know it. You think the governemtn should foot the bill for that too. Keep the excuses coming.
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