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Reality
ParticipantInstead, you’re saying the bank has to devine the future and say “sorry Mr. Borrower, in 3 years we think rates will be different today and we don’t see your plan for accomodating the worst case scenario”.
What’s wrong with that? Why shouldn’t they be careful who they lend money to?
Any business wanting capital needs to produce a business plan. What’s the difference?
ParticipantInstead, you’re saying the bank has to devine the future and say “sorry Mr. Borrower, in 3 years we think rates will be different today and we don’t see your plan for accomodating the worst case scenario”.
What’s wrong with that? Why shouldn’t they be careful who they lend money to?
Any business wanting capital needs to produce a business plan. What’s the difference?
ParticipantNeighborhoods Considering: La Mesa, San Carlos, Santee
Condo/House: House
Price Range: $300,000-$350,000
Size Range: 1500+
Currently (Rent/Own): Rent
Shopping the Market?: Hell No
ParticipantNeighborhoods Considering: La Mesa, San Carlos, Santee
Condo/House: House
Price Range: $300,000-$350,000
Size Range: 1500+
Currently (Rent/Own): Rent
Shopping the Market?: Hell No
ParticipantThe take that anyone who is buying is an idiot just cracks me up. Someone who cannot even generate enough income to buy a 600k house is supposedly smarter than someone who has made millions due to their intelligence or skill in something ( inheritance aside ). There may be some exceptions to this, but in general I doubt very seriously that median income people have more intelligence than above median income folks do.
Probably people making more are smarter than average. Not as much as you’d like to believe. Nevertheless, MOST AREN’T BUYING NOW.
Most of the wealth created in the last 10 years in Southern California is from housing appreciation. Everyone I know who bought a decade ago is shocked at the current prices. That’s called luck. Not exactly “intelligence or skill in something”.
ParticipantThe take that anyone who is buying is an idiot just cracks me up. Someone who cannot even generate enough income to buy a 600k house is supposedly smarter than someone who has made millions due to their intelligence or skill in something ( inheritance aside ). There may be some exceptions to this, but in general I doubt very seriously that median income people have more intelligence than above median income folks do.
Probably people making more are smarter than average. Not as much as you’d like to believe. Nevertheless, MOST AREN’T BUYING NOW.
Most of the wealth created in the last 10 years in Southern California is from housing appreciation. Everyone I know who bought a decade ago is shocked at the current prices. That’s called luck. Not exactly “intelligence or skill in something”.
ParticipantHome prices are still so far above what they should be (e.g. what someone with a normal income can afford with normal financing) that there’s no point. I’d need to offer half the asking price for it to make sense to me. Sellers can do better than that because a few idiots are still out there buying in today’s market.
Maybe in a few years.
ParticipantHome prices are still so far above what they should be (e.g. what someone with a normal income can afford with normal financing) that there’s no point. I’d need to offer half the asking price for it to make sense to me. Sellers can do better than that because a few idiots are still out there buying in today’s market.
Maybe in a few years.
ParticipantThe OP is doing nothing wrong in using an unencrypted wireless network. The neighbor may be wrong in sharing it, but that’s between him and the ISP.
For all you holier than thou folks who think the OP is “stealing internet access”, how many of you have been to Youtube? Much of the content is copyrighted and on the site without authorization. I guess you have been stealing it.
ParticipantThe OP is doing nothing wrong in using an unencrypted wireless network. The neighbor may be wrong in sharing it, but that’s between him and the ISP.
For all you holier than thou folks who think the OP is “stealing internet access”, how many of you have been to Youtube? Much of the content is copyrighted and on the site without authorization. I guess you have been stealing it.
ParticipantThanks JohnAlt (in La Mesa?).
What’s your best estimate of the current price of the property you’re thinking of buying for $300K in the future? (So I can get that % value I referred to in the survey question.)
Patient renter in OC
About $500,000 but with little demand. The sellers think it’s still 2005, but they will end up selling at the 2010 price with a 40% discount. Or they will get forclosed if they don’t have the equity to spare.
BTW La Mesa is right.
ParticipantThanks JohnAlt (in La Mesa?).
What’s your best estimate of the current price of the property you’re thinking of buying for $300K in the future? (So I can get that % value I referred to in the survey question.)
Patient renter in OC
About $500,000 but with little demand. The sellers think it’s still 2005, but they will end up selling at the 2010 price with a 40% discount. Or they will get forclosed if they don’t have the equity to spare.
BTW La Mesa is right.
Participant$300,000 or so. Which will happen, despite what the Myitos of the world would like us to believe.
Participant$300,000 or so. Which will happen, despite what the Myitos of the world would like us to believe.
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