[stpiermj]

LV, I think you missed the part about the particular type of property I was buying and the level of luxury that will come with the purchase relative to the rest of the market. I clearly believe the market will see more foreclosures and I expect my home to lower in value before the bottom is reached. I just don’t expect to be able to buy this type of property at this price for many years to come. I would like think the market will continue to crash, but I just don’t believe it is going down a lot more. My monthly will be $3828.02. This includes P&I, Taxes, and Insurance. Add another 125 for HOA. After Tax price per month will be very close to a comparable homes rental price (this is what tells me we are close to bottom). When I look at what I’m renting now, and then how much more I must pay to live in the home I really really love, I don’t see the issues you mention as being an issue. There clearly is a high likelihood of severe thunder storms ahead for the economy and the housing market. I figure I am going to get the best darn house I can find for shelter. Good luck renting. I think if you feel you should wait, then do that. You know your needs and I know mine. I don’t mean to sound like everyone should buy now. If anything, I would recommend waiting for confirmation of a bottom. Just realize that you may not find the perfect home at the perfect price.

[stpiermj]

LV, I think you missed the part about the particular type of property I was buying and the level of luxury that will come with the purchase relative to the rest of the market. I clearly believe the market will see more foreclosures and I expect my home to lower in value before the bottom is reached. I just don’t expect to be able to buy this type of property at this price for many years to come. I would like think the market will continue to crash, but I just don’t believe it is going down a lot more. My monthly will be $3828.02. This includes P&I, Taxes, and Insurance. Add another 125 for HOA. After Tax price per month will be very close to a comparable homes rental price (this is what tells me we are close to bottom). When I look at what I’m renting now, and then how much more I must pay to live in the home I really really love, I don’t see the issues you mention as being an issue. There clearly is a high likelihood of severe thunder storms ahead for the economy and the housing market. I figure I am going to get the best darn house I can find for shelter. Good luck renting. I think if you feel you should wait, then do that. You know your needs and I know mine. I don’t mean to sound like everyone should buy now. If anything, I would recommend waiting for confirmation of a bottom. Just realize that you may not find the perfect home at the perfect price.

[stpiermj]

I have above average income also and I am in the process of purchasing a new home in Oceanside. I will be using my veterans benefits and I do qualify for zero down CALVET/VA. My debt is essentially zero. I was told by CAL VET that they are getting very strict on underwriting standards. My loan amount will be in the 500k neighborhood (zero down). I am a bit worried they will not have the money when closing time comes. My wife and I have been patiently watching the market for 3 years. After making offers on foreclosure properties above asking price and not ever getting any “counter offer” offers, I decided to look at the “New House” market. There are very few “NEW” higher end single level homes out there. It looks like future new homes are going to be much smaller and less luxurious then the current inventory that exist. I think this home is one of the very few left. I feel like this is a good time to buy this particular real estate, however, I think there will be some really good deals coming from the “even higher end” homes. I am tired of seeing all my income pissed away to Uncle Sam and not being able to do what I want to the home or property I’m renting. There is an unbelievable amount of activity out there in the lower tier market (mulitple offers on the first day for a decent property). I believe the middle tier is getting very close to its bottom, and the upper tier has a long way to go. I can’t buy anything decent in the lower tier, and the middle tier nice homes are getting gobbled up with in a week. I say if you can get in with zero down, do it.

[stpiermj]

I have above average income also and I am in the process of purchasing a new home in Oceanside. I will be using my veterans benefits and I do qualify for zero down CALVET/VA. My debt is essentially zero. I was told by CAL VET that they are getting very strict on underwriting standards. My loan amount will be in the 500k neighborhood (zero down). I am a bit worried they will not have the money when closing time comes. My wife and I have been patiently watching the market for 3 years. After making offers on foreclosure properties above asking price and not ever getting any “counter offer” offers, I decided to look at the “New House” market. There are very few “NEW” higher end single level homes out there. It looks like future new homes are going to be much smaller and less luxurious then the current inventory that exist. I think this home is one of the very few left. I feel like this is a good time to buy this particular real estate, however, I think there will be some really good deals coming from the “even higher end” homes. I am tired of seeing all my income pissed away to Uncle Sam and not being able to do what I want to the home or property I’m renting. There is an unbelievable amount of activity out there in the lower tier market (mulitple offers on the first day for a decent property). I believe the middle tier is getting very close to its bottom, and the upper tier has a long way to go. I can’t buy anything decent in the lower tier, and the middle tier nice homes are getting gobbled up with in a week. I say if you can get in with zero down, do it.

[stpiermj]

I have above average income also and I am in the process of purchasing a new home in Oceanside. I will be using my veterans benefits and I do qualify for zero down CALVET/VA. My debt is essentially zero. I was told by CAL VET that they are getting very strict on underwriting standards. My loan amount will be in the 500k neighborhood (zero down). I am a bit worried they will not have the money when closing time comes. My wife and I have been patiently watching the market for 3 years. After making offers on foreclosure properties above asking price and not ever getting any “counter offer” offers, I decided to look at the “New House” market. There are very few “NEW” higher end single level homes out there. It looks like future new homes are going to be much smaller and less luxurious then the current inventory that exist. I think this home is one of the very few left. I feel like this is a good time to buy this particular real estate, however, I think there will be some really good deals coming from the “even higher end” homes. I am tired of seeing all my income pissed away to Uncle Sam and not being able to do what I want to the home or property I’m renting. There is an unbelievable amount of activity out there in the lower tier market (mulitple offers on the first day for a decent property). I believe the middle tier is getting very close to its bottom, and the upper tier has a long way to go. I can’t buy anything decent in the lower tier, and the middle tier nice homes are getting gobbled up with in a week. I say if you can get in with zero down, do it.

[stpiermj]

I have above average income also and I am in the process of purchasing a new home in Oceanside. I will be using my veterans benefits and I do qualify for zero down CALVET/VA. My debt is essentially zero. I was told by CAL VET that they are getting very strict on underwriting standards. My loan amount will be in the 500k neighborhood (zero down). I am a bit worried they will not have the money when closing time comes. My wife and I have been patiently watching the market for 3 years. After making offers on foreclosure properties above asking price and not ever getting any “counter offer” offers, I decided to look at the “New House” market. There are very few “NEW” higher end single level homes out there. It looks like future new homes are going to be much smaller and less luxurious then the current inventory that exist. I think this home is one of the very few left. I feel like this is a good time to buy this particular real estate, however, I think there will be some really good deals coming from the “even higher end” homes. I am tired of seeing all my income pissed away to Uncle Sam and not being able to do what I want to the home or property I’m renting. There is an unbelievable amount of activity out there in the lower tier market (mulitple offers on the first day for a decent property). I believe the middle tier is getting very close to its bottom, and the upper tier has a long way to go. I can’t buy anything decent in the lower tier, and the middle tier nice homes are getting gobbled up with in a week. I say if you can get in with zero down, do it.

[stpiermj]

I have above average income also and I am in the process of purchasing a new home in Oceanside. I will be using my veterans benefits and I do qualify for zero down CALVET/VA. My debt is essentially zero. I was told by CAL VET that they are getting very strict on underwriting standards. My loan amount will be in the 500k neighborhood (zero down). I am a bit worried they will not have the money when closing time comes. My wife and I have been patiently watching the market for 3 years. After making offers on foreclosure properties above asking price and not ever getting any “counter offer” offers, I decided to look at the “New House” market. There are very few “NEW” higher end single level homes out there. It looks like future new homes are going to be much smaller and less luxurious then the current inventory that exist. I think this home is one of the very few left. I feel like this is a good time to buy this particular real estate, however, I think there will be some really good deals coming from the “even higher end” homes. I am tired of seeing all my income pissed away to Uncle Sam and not being able to do what I want to the home or property I’m renting. There is an unbelievable amount of activity out there in the lower tier market (mulitple offers on the first day for a decent property). I believe the middle tier is getting very close to its bottom, and the upper tier has a long way to go. I can’t buy anything decent in the lower tier, and the middle tier nice homes are getting gobbled up with in a week. I say if you can get in with zero down, do it.

[stpiermj]

Dave, what bank do you represent. I am interested in moving my money to a safer location.

[stpiermj]

Dave, what bank do you represent. I am interested in moving my money to a safer location.

[stpiermj]

Dave, what bank do you represent. I am interested in moving my money to a safer location.

[stpiermj]

Dave, what bank do you represent. I am interested in moving my money to a safer location.

[stpiermj]

Dave, what bank do you represent. I am interested in moving my money to a safer location.

[stpiermj]

My wife told me yesterday afternoon that her employer just eliminated a whole shift of employees on Monday. She also mentioned that several other employers in the area are doing the same.

My wife’s employer manufactures vitamins and they sell world wide. Those who say there will be an increase in global sales due to the declining dollar,I believe, will be proven wrong. At least from what I can see anyway.

What bank’s own a lot of assets backed by commercial loans? Yikes!!!

[stpiermj]

My wife told me yesterday afternoon that her employer just eliminated a whole shift of employees on Monday. She also mentioned that several other employers in the area are doing the same.

My wife’s employer manufactures vitamins and they sell world wide. Those who say there will be an increase in global sales due to the declining dollar,I believe, will be proven wrong. At least from what I can see anyway.

What bank’s own a lot of assets backed by commercial loans? Yikes!!!

[stpiermj]

My wife told me yesterday afternoon that her employer just eliminated a whole shift of employees on Monday. She also mentioned that several other employers in the area are doing the same.

My wife’s employer manufactures vitamins and they sell world wide. Those who say there will be an increase in global sales due to the declining dollar,I believe, will be proven wrong. At least from what I can see anyway.

What bank’s own a lot of assets backed by commercial loans? Yikes!!!

[Author]

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