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spdrun
Participant(1) If they’re talking about “recent weeks” as opposed to Sept (last month of 3Q), there was a little hurricane which the Northeast is still recovering from.
(2) This couldn’t have happened to a nicer bunch of far Eastern sweatshops.November 15, 2012 at 5:41 PM in reply to: Post Election Blues: Dow -176pts, Nasdaq -39, S&P500 -21 #754769ParticipantMeh, I’m looking for a correction, not a full-scale whupping.
November 15, 2012 at 5:00 PM in reply to: Post Election Blues: Dow -176pts, Nasdaq -39, S&P500 -21 #754765ParticipantFutures -23 right now. If this holds (no guarantee), it will be flat as Twiggy’s chest tomorrow.
ParticipantAmazing. Ben opened his stinking piehole and the stock market still fell today!
November 14, 2012 at 1:06 PM in reply to: FHA loans going to “Rebound Buyers” just ~3 years out of foreclosure/BK #754694ParticipantSo he’ll have a park with some haunted houses surrounding him :)-
November 14, 2012 at 12:59 PM in reply to: FHA loans going to “Rebound Buyers” just ~3 years out of foreclosure/BK #754692ParticipantTSOR says that Moreno Valley has a few plastics plants. He may work locally.
Secondly, the house is a recent 4-bedroom (2.5 or 3 baths, probably) according to the article. Depending on HOA/MR and PMI fees, it may be a good deal *for him.*
As to FHA giving a loan to a serial defaulter, it’s not something I’d do for sire.
November 14, 2012 at 11:08 AM in reply to: FHA loans going to “Rebound Buyers” just ~3 years out of foreclosure/BK #754681ParticipantInsurance is about $1200/yr(?). Mortgage (principal + interest) say 6%. Taxes 1.125%. Comes to about $1100/mo. Unless PMI premiums are sky-high, I’ guess he’d be paying less than the $1500-1800 (SWAG) required to rent such a place. Defs not 50% of rent, but still an ok deal.
November 14, 2012 at 9:08 AM in reply to: As predicted, Fannie is beginning to sell blocks of assets in bulk to REITs #754676Participant^^^
Sorry to say, but I’m glad that values haven’t appreciably increased. And hope they’ll stay steady and NOT increase. Looks like Bennie-boy is failing in his attempts to fellate the stock market to the stratosphere. Maybe property will go the same way. Here’s hoping! *clink*
November 14, 2012 at 9:00 AM in reply to: FHA loans going to “Rebound Buyers” just ~3 years out of foreclosure/BK #754674ParticipantI’d have though that he would pay less in the Inland Empire, even for a 4-bed.
November 14, 2012 at 8:54 AM in reply to: As predicted, Fannie is beginning to sell blocks of assets in bulk to REITs #754672Participant112%? So basically they’re selling off unknown assets with likely a lot of bad apples mixed in at market or above. Hope Mr. Barrack (No-BUM-a?) got a sweetheart interest rate and an enema of Bernanke Bucks as a kiss goodnight.
November 14, 2012 at 8:52 AM in reply to: Post Election Blues: Dow -176pts, Nasdaq -39, S&P500 -21 #754671ParticipantYEAH! Hope that Bearded Ben is twitching from stress as we speak.
ParticipantAssuming anything “from the paint outward” is controlled by the HOA, you’d have to deal with them anyway.
ParticipantQuestion is if the structure is already insured, is an additional policy required by the lender?
Or can you go “extreme southern auto-insurance style” and drop the insurance, keeping the HOA’s coverage as your sole policy? If you get robbed or whatever, just eat the cost of the home’s contents.
Participant$10k deductible – what’s wrong with it? There’s probably less than a 1/100 chance of $10k damage in any given year. If you’re paying more than $100/yr, do the maths…
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