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sdcellar
ParticipantFor the areas you’re looking in, I’d say it’s between $1700 and $3500 depending on the age and size of the house you’re looking for. Obviously, that’s a big range, but again, with basic parameters, I think that’s what you’re looking at.
I think craigslist is the best place to look. There are a lot of listings right now for the areas listed.
ParticipantYeah, unless your landlord is like mine and he’s chowing down at least $1,500 a month. As you pointed out, it all depends on when a home was purchased.
It’s not all roses for me though, as I must consider how long he can continue to afford doing that…
ParticipantDeutsche Bank is one of the largest banks in the world (they are based in Frankfurt, Germany) and I wouldn’t exactly consider them a subprime lender. I’m sure they make subprime loans, but if they were to go down as a result of them, that would be a *huge* deal.
I seem to recall some posts here (or somewhere) about their role in the subprime world. Maybe somebody here can provide more insight.
ParticipantGiven that all the external factors are pretty good right now (interest rates, jobs [for now], etc.), I don’t see anything that can reverse the trend. Absurdly low interest rates might help, but even then, it would just be the final last gasp (and I don’t really see that happening anyway).
40 year mortgages certainly aren’t going to do it as these are still more expensive on a monthly basis when compared to the interest-only loans that have been so popular in the last few year. Also, as loan term increases, they effectively become interest-only loans anyway.
ParticipantPS– Now you’re just being obnoxious. The new year is here, so you’re free from any tax concerns or whatever the excuse was, so announce your site the world and be annoying there.
Rich really did try to be incredibly gracious with regard to your request and you still just don’t get it. I’ve never enjoyed the way you attack posters here and I especially detest watching you do it to the very person who runs this site.
As far as how proud you are of your “public” pronouncements of your personal financials, that is your choice and you are welcome to it. But for the record, I think you’re full of crap on a lot of it anyway.
Oh, and before you start another “attack the post” thread, you might want to look in the mirror first.
Participantpowayseller– Rich doesn’t need me to defend him, but he has no reason to a) defend himself in the first place and b) respond to your request for personal information. You also know that it’s difficult for him to repond now based on regulatory restrictions. How about not biting the hand that feeds you?
You have been asked to stop speculating and refuse to. You are simply being rude now. Please stop.
January 2, 2007 at 11:08 PM in reply to: Mello Roos – Do builders remove it in a down market? #42578ParticipantI was told that Mello-Roos can be paid off in one big chunk rather than paying it on an annual basis. If so, then it seems like a builder could certainly do it on behalf of potential buyers. Whether they would or not is another question. I’d also assume they could pay some portion of the assessment.
January 2, 2007 at 10:58 PM in reply to: Mello Roos – Do builders remove it in a down market? #42575ParticipantWhich development, BobbyD?
December 29, 2006 at 12:34 PM in reply to: nesting young 4s Ranch experiences and puzzling questions #42399ParticipantI’ve not been tracking those specifically (as I’m not interested in condos or condo-like properties), but I’ve noticed many Amante listings and they seem to linger (like pretty much everything else). I also seem to think they have indeed come down in price (and will continue to do so). My sense is that Amante is a little flipper heaven (well, I guess it would be hell now).
ParticipantIf I wait another 12 months, thats another $20,000 in rent..
If the price of the property drops $20k in 12 months (which seems very possible), your rent will have been free.
ParticipantI don’t think one can just throw a number out. 20% might be a slight discount is something overpriced.
December 21, 2006 at 11:56 AM in reply to: Report: 2.2 Million Subprime Borrowers Face Foreclosure #42215ParticipantMaybe he meant “an ARM isn’t an ARM isn’t an ARM” meaning not all ARMs are created equal? (so yes, a duck, or at least a 7-year ARM that might not be so deadly?)
Although to read it fully, it almost sounds like he thinks the numbers will be higher because of non-subprime borrowers that have taken on riskier ARMS as well. Good credit does not necessily equate to intelligent decision making (although you’d hope/assume there was at least some correlation).
ParticipantWhat’s the rationale behind keeping 2 cards active? I think you’d want to let the credit limit be your friend, i.e. if you’re maxed out then you’re forced to stop using the card until you pay it down some.
December 21, 2006 at 10:55 AM in reply to: nesting young 4s Ranch experiences and puzzling questions #42210ParticipantIf I wanted you to buy and I thought it would motivate you to do it now by telling you that prices will be going up on the next phase, I’d do that (well, I personally wouldn’t, but not being a salesman, I’m thankfully not put into that position).
Heck, he might even believe what he’s told you or has been told that by the developer he works for. Too bad the market doesn’t appear to be supporting price increases.
I’ve been looking for a year or so myself and I’ve heard about summer incentives that would go away (and didn’t). Heck, early on and in a brand new development, the guy told a bunch of what turned out to be non-buyers that prices would be going up every phase around $8,000 (he was just responding to a question). Turns out, they haven’t sold many to date, and they’ve continued to lower their prices (i.e. more than once). And this is actually 4S Ranch that I’m talking about.
Don’t let a builder’s end-of-year sales drive push you into buying a house you will almost certainly be able to buy for less next year.
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