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SD Realtor
ParticipantJosh that is the point. The government can’t do a bailout. Note I am making these postings not to crow that the decline will stop, or that these are good ideas. All this is doing is delaying things, is postponing inevitable problems, and most important preserving solvency of all the investors of funds that people don’t seem to want to believe are important.
In essence, our government is willing to spend whopping amounts of money to try to keep things afloat. The foreclosures don’t mean a thing. What is readily transparent to most of us here is not to pretty much everyone. That is, the reason things need to be preserved is more then likely due to the fact that there will be some pretty ugly solvency issues with many many investing entities that most of us didn’t realize invested in these vehicles we always talk about.
SD Realtor
ParticipantJosh that is the point. The government can’t do a bailout. Note I am making these postings not to crow that the decline will stop, or that these are good ideas. All this is doing is delaying things, is postponing inevitable problems, and most important preserving solvency of all the investors of funds that people don’t seem to want to believe are important.
In essence, our government is willing to spend whopping amounts of money to try to keep things afloat. The foreclosures don’t mean a thing. What is readily transparent to most of us here is not to pretty much everyone. That is, the reason things need to be preserved is more then likely due to the fact that there will be some pretty ugly solvency issues with many many investing entities that most of us didn’t realize invested in these vehicles we always talk about.
SD Realtor
ParticipantJosh that is the point. The government can’t do a bailout. Note I am making these postings not to crow that the decline will stop, or that these are good ideas. All this is doing is delaying things, is postponing inevitable problems, and most important preserving solvency of all the investors of funds that people don’t seem to want to believe are important.
In essence, our government is willing to spend whopping amounts of money to try to keep things afloat. The foreclosures don’t mean a thing. What is readily transparent to most of us here is not to pretty much everyone. That is, the reason things need to be preserved is more then likely due to the fact that there will be some pretty ugly solvency issues with many many investing entities that most of us didn’t realize invested in these vehicles we always talk about.
SD Realtor
ParticipantPatientrenter you bring up very good points.
Ranjan there is nothing “wrong” with only putting 10% down. The point that is being made is that from a market perspective, lax lending standards and risk prone financing ultimately leads to inflation of the security which then leads to bubbles which produces an unhealthy market. While you may be a very responsible person the fact is that most people cannot control themselves. We are a nation of consumers who really know very little about living within our means. It is a behavior that is promoted by pretty much every entity in our society and not only encouraged but essentially rewarded by our government.
Now while pretty much everyone here frowns on people who are looking to buy now, it may be argued that we are approaching a point where low downpayments and low interest rates are going to disappear. When that will happen or if that will happen is up to speculation. It sounds like you are on the cusp of buying. If you look at past posts you should be able to dig up HLS’s email. Also your Realtor should have many broker contacts who can find loan programs that will match your needs.
Good luck!
ParticipantPatientrenter you bring up very good points.
Ranjan there is nothing “wrong” with only putting 10% down. The point that is being made is that from a market perspective, lax lending standards and risk prone financing ultimately leads to inflation of the security which then leads to bubbles which produces an unhealthy market. While you may be a very responsible person the fact is that most people cannot control themselves. We are a nation of consumers who really know very little about living within our means. It is a behavior that is promoted by pretty much every entity in our society and not only encouraged but essentially rewarded by our government.
Now while pretty much everyone here frowns on people who are looking to buy now, it may be argued that we are approaching a point where low downpayments and low interest rates are going to disappear. When that will happen or if that will happen is up to speculation. It sounds like you are on the cusp of buying. If you look at past posts you should be able to dig up HLS’s email. Also your Realtor should have many broker contacts who can find loan programs that will match your needs.
Good luck!
ParticipantPatientrenter you bring up very good points.
Ranjan there is nothing “wrong” with only putting 10% down. The point that is being made is that from a market perspective, lax lending standards and risk prone financing ultimately leads to inflation of the security which then leads to bubbles which produces an unhealthy market. While you may be a very responsible person the fact is that most people cannot control themselves. We are a nation of consumers who really know very little about living within our means. It is a behavior that is promoted by pretty much every entity in our society and not only encouraged but essentially rewarded by our government.
Now while pretty much everyone here frowns on people who are looking to buy now, it may be argued that we are approaching a point where low downpayments and low interest rates are going to disappear. When that will happen or if that will happen is up to speculation. It sounds like you are on the cusp of buying. If you look at past posts you should be able to dig up HLS’s email. Also your Realtor should have many broker contacts who can find loan programs that will match your needs.
Good luck!
ParticipantPatientrenter you bring up very good points.
Ranjan there is nothing “wrong” with only putting 10% down. The point that is being made is that from a market perspective, lax lending standards and risk prone financing ultimately leads to inflation of the security which then leads to bubbles which produces an unhealthy market. While you may be a very responsible person the fact is that most people cannot control themselves. We are a nation of consumers who really know very little about living within our means. It is a behavior that is promoted by pretty much every entity in our society and not only encouraged but essentially rewarded by our government.
Now while pretty much everyone here frowns on people who are looking to buy now, it may be argued that we are approaching a point where low downpayments and low interest rates are going to disappear. When that will happen or if that will happen is up to speculation. It sounds like you are on the cusp of buying. If you look at past posts you should be able to dig up HLS’s email. Also your Realtor should have many broker contacts who can find loan programs that will match your needs.
Good luck!
ParticipantPatientrenter you bring up very good points.
Ranjan there is nothing “wrong” with only putting 10% down. The point that is being made is that from a market perspective, lax lending standards and risk prone financing ultimately leads to inflation of the security which then leads to bubbles which produces an unhealthy market. While you may be a very responsible person the fact is that most people cannot control themselves. We are a nation of consumers who really know very little about living within our means. It is a behavior that is promoted by pretty much every entity in our society and not only encouraged but essentially rewarded by our government.
Now while pretty much everyone here frowns on people who are looking to buy now, it may be argued that we are approaching a point where low downpayments and low interest rates are going to disappear. When that will happen or if that will happen is up to speculation. It sounds like you are on the cusp of buying. If you look at past posts you should be able to dig up HLS’s email. Also your Realtor should have many broker contacts who can find loan programs that will match your needs.
Good luck!
ParticipantI think that when people refi there is very little thought to long term planning. I cannot tell you how many people end up refinancing and then selling within a few years or sooner!
Yep he would have gotten more last year for sure.
SD Realtor
ParticipantI think that when people refi there is very little thought to long term planning. I cannot tell you how many people end up refinancing and then selling within a few years or sooner!
Yep he would have gotten more last year for sure.
SD Realtor
ParticipantI think that when people refi there is very little thought to long term planning. I cannot tell you how many people end up refinancing and then selling within a few years or sooner!
Yep he would have gotten more last year for sure.
SD Realtor
ParticipantI think that when people refi there is very little thought to long term planning. I cannot tell you how many people end up refinancing and then selling within a few years or sooner!
Yep he would have gotten more last year for sure.
SD Realtor
ParticipantI think that when people refi there is very little thought to long term planning. I cannot tell you how many people end up refinancing and then selling within a few years or sooner!
Yep he would have gotten more last year for sure.
SD Realtor
ParticipantMany possibilities… they could have a tenant in there. They also did a refinance in July of 07 soooo I would bet they have a prepayment penalty if they sell within a year of that refi date. They would probably let you lease the home for a few months prior to close of escrow. Something funkity like that.
SD Realtor
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