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SD Realtor
ParticipantHi Alarmclock –
I will try to give you some answers… I mean opinions that may serve to be helpful… but again are only opinions…
First off, if you have to sell all of your securities to buy a home I would rethink that strategy. Draining all of your investments to afford a home is not something I would recommend. So you are wise to not follow that path.
Wouldn’t high mortgage rates benefit people capable of putting 20% down?
In theory yes but it will take time and like just about every other answer I give, this one entails the same description. You need to run the numbers. Even having 20% down may not be enough money if the rates go high enough. To me it will be a rubber band. That is rates will go high, and pricing will not compensate initially to offset the rate gain. Then over time the prices will come down enough to offset the the rate hikes.
You are on the right track. It would seem intuitive that rate hikes are inevitable in order to start building some value into our currency. At least in my small brain it seems this should have happened a long time ago but what do I know?
Anyways, you are correct, the buyers pool may be reduced due to harsher conditions but then again, astute buyers who are on the sidelines and pooling up cash will start coming in especially if prices go low enough to cash flow for rental properties. That is not likely to happen for awhile though.
SD Realtor
ParticipantHow Cayne has survived this long is a mystery to me.
SD Realtor
ParticipantHow Cayne has survived this long is a mystery to me.
SD Realtor
ParticipantHow Cayne has survived this long is a mystery to me.
SD Realtor
ParticipantHow Cayne has survived this long is a mystery to me.
SD Realtor
ParticipantPlenty more to come!
SD Realtor
ParticipantPlenty more to come!
SD Realtor
ParticipantPlenty more to come!
SD Realtor
ParticipantPlenty more to come!
SD Realtor
ParticipantMarion it does sound like a tough situation. I don’t have any easy answer for you and definitely I wish you the best of luck no matter what direction you take. As a parent I understand the reluctance to uproot the kids. Having moved 3 times in the last 2 years with 2 kids I know it totally sucks. Mine are toddlers so at least uprooting them is not a problem at this point. With older kids I would imagine it is way worse.
I guess whatever your attorney advises you to do is the best recourse.
ParticipantMarion it does sound like a tough situation. I don’t have any easy answer for you and definitely I wish you the best of luck no matter what direction you take. As a parent I understand the reluctance to uproot the kids. Having moved 3 times in the last 2 years with 2 kids I know it totally sucks. Mine are toddlers so at least uprooting them is not a problem at this point. With older kids I would imagine it is way worse.
I guess whatever your attorney advises you to do is the best recourse.
ParticipantMarion it does sound like a tough situation. I don’t have any easy answer for you and definitely I wish you the best of luck no matter what direction you take. As a parent I understand the reluctance to uproot the kids. Having moved 3 times in the last 2 years with 2 kids I know it totally sucks. Mine are toddlers so at least uprooting them is not a problem at this point. With older kids I would imagine it is way worse.
I guess whatever your attorney advises you to do is the best recourse.
ParticipantMarion it does sound like a tough situation. I don’t have any easy answer for you and definitely I wish you the best of luck no matter what direction you take. As a parent I understand the reluctance to uproot the kids. Having moved 3 times in the last 2 years with 2 kids I know it totally sucks. Mine are toddlers so at least uprooting them is not a problem at this point. With older kids I would imagine it is way worse.
I guess whatever your attorney advises you to do is the best recourse.
ParticipantI guess I just do not understand the entire issue. I mean I am so far away from understanding the mentality that I guess I am missing the point. I have gone round and round with OC Scam on this issue many moons ago….
Why is there a sense of entitlement that people about not needing to pay rent if the landlord is in trouble with the lender?
What if the landlord got into financial ruin because of a bad investment? What if he lost everything due to a lawsuit? What if he lost everything due to credit card debt? I really believe that an agreement between a tenant and a landlord is a total orthoganol event to anything else.
If you do not want to pay rent then do not pay rent. Why should it matter if the landlord is going to lose the house or not. What argument is there to pay rent at all even if the landlord is making his mortgage payments? If the end goal is to be a squatter in the home to eventually own it then say so. That is okay by me. I mean I don’t agree with it but at least it makes some sense to me.
Anyways like I said, I guess I just don’t understand the mindset.
Am I missing something here?
SD Realtor
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