[svelte]

I remember when we first bought in the 1980s we were shocked at what the banks were willing to lend us….they’d lend us enough money to hang ourselves, even back then!

We’ve always worked into it the other way – we decide how big we want our house payment to be and then calculate how much $$ we can borrow to hit that number. We take that loan amount, tack on what we want to put down, and that’s the maximum we can spend!

It has worked well. We never come anywhere close to borrowing the max 28/36. We like to go out and have our fun on weekends, not sit with empty pockets watching reality TV at home.

Of course, when buying your first place, you might have to stretch a little more just to get in the game.

Good luck and best wishes.

[svelte]

I remember when we first bought in the 1980s we were shocked at what the banks were willing to lend us….they’d lend us enough money to hang ourselves, even back then!

We’ve always worked into it the other way – we decide how big we want our house payment to be and then calculate how much $$ we can borrow to hit that number. We take that loan amount, tack on what we want to put down, and that’s the maximum we can spend!

It has worked well. We never come anywhere close to borrowing the max 28/36. We like to go out and have our fun on weekends, not sit with empty pockets watching reality TV at home.

Of course, when buying your first place, you might have to stretch a little more just to get in the game.

Good luck and best wishes.

[svelte]

I remember when we first bought in the 1980s we were shocked at what the banks were willing to lend us….they’d lend us enough money to hang ourselves, even back then!

We’ve always worked into it the other way – we decide how big we want our house payment to be and then calculate how much $$ we can borrow to hit that number. We take that loan amount, tack on what we want to put down, and that’s the maximum we can spend!

It has worked well. We never come anywhere close to borrowing the max 28/36. We like to go out and have our fun on weekends, not sit with empty pockets watching reality TV at home.

Of course, when buying your first place, you might have to stretch a little more just to get in the game.

Good luck and best wishes.

[svelte]

What about this house in Mission Viejo :

2300 sq ft SFR listed at $495k.

When I followed the link and saw “Close to freeway” in the ad, I was sure I’d go to Zillow and find it backed up to the freeway. But I was wrong.

It backs up to RAILROAD TRACKS. The freeway is about 1500 feet away! lol

[svelte]

What about this house in Mission Viejo :

2300 sq ft SFR listed at $495k.

When I followed the link and saw “Close to freeway” in the ad, I was sure I’d go to Zillow and find it backed up to the freeway. But I was wrong.

It backs up to RAILROAD TRACKS. The freeway is about 1500 feet away! lol

[svelte]

What about this house in Mission Viejo :

2300 sq ft SFR listed at $495k.

When I followed the link and saw “Close to freeway” in the ad, I was sure I’d go to Zillow and find it backed up to the freeway. But I was wrong.

It backs up to RAILROAD TRACKS. The freeway is about 1500 feet away! lol

[svelte]

What about this house in Mission Viejo :

2300 sq ft SFR listed at $495k.

When I followed the link and saw “Close to freeway” in the ad, I was sure I’d go to Zillow and find it backed up to the freeway. But I was wrong.

It backs up to RAILROAD TRACKS. The freeway is about 1500 feet away! lol

[svelte]

What about this house in Mission Viejo :

2300 sq ft SFR listed at $495k.

When I followed the link and saw “Close to freeway” in the ad, I was sure I’d go to Zillow and find it backed up to the freeway. But I was wrong.

It backs up to RAILROAD TRACKS. The freeway is about 1500 feet away! lol

[svelte]

Two paragraphs from

http://money.cnn.com/2007/12/19/news/economy/fed_auctions/index.htm?cnn=yes

— begin clip from article —
These fears intensified later last week after the government reported that wholesale prices and retail prices both rose more than expected in November. And that has sparked fears on Wall Street of “stagflation,” a period of rising inflation and slowing growth.

Former Fed chairman Alan Greenspan used the term “stagflation” on an appearance on ABC’s “This Week” on Sunday.
—- end clip from article —-

Here it comes! 1970s all over again.

[svelte]

Two paragraphs from

http://money.cnn.com/2007/12/19/news/economy/fed_auctions/index.htm?cnn=yes

— begin clip from article —
These fears intensified later last week after the government reported that wholesale prices and retail prices both rose more than expected in November. And that has sparked fears on Wall Street of “stagflation,” a period of rising inflation and slowing growth.

Former Fed chairman Alan Greenspan used the term “stagflation” on an appearance on ABC’s “This Week” on Sunday.
—- end clip from article —-

Here it comes! 1970s all over again.

[svelte]

Two paragraphs from

http://money.cnn.com/2007/12/19/news/economy/fed_auctions/index.htm?cnn=yes

— begin clip from article —
These fears intensified later last week after the government reported that wholesale prices and retail prices both rose more than expected in November. And that has sparked fears on Wall Street of “stagflation,” a period of rising inflation and slowing growth.

Former Fed chairman Alan Greenspan used the term “stagflation” on an appearance on ABC’s “This Week” on Sunday.
—- end clip from article —-

Here it comes! 1970s all over again.

[svelte]

Two paragraphs from

http://money.cnn.com/2007/12/19/news/economy/fed_auctions/index.htm?cnn=yes

— begin clip from article —
These fears intensified later last week after the government reported that wholesale prices and retail prices both rose more than expected in November. And that has sparked fears on Wall Street of “stagflation,” a period of rising inflation and slowing growth.

Former Fed chairman Alan Greenspan used the term “stagflation” on an appearance on ABC’s “This Week” on Sunday.
—- end clip from article —-

Here it comes! 1970s all over again.

[svelte]

Two paragraphs from

http://money.cnn.com/2007/12/19/news/economy/fed_auctions/index.htm?cnn=yes

— begin clip from article —
These fears intensified later last week after the government reported that wholesale prices and retail prices both rose more than expected in November. And that has sparked fears on Wall Street of “stagflation,” a period of rising inflation and slowing growth.

Former Fed chairman Alan Greenspan used the term “stagflation” on an appearance on ABC’s “This Week” on Sunday.
—- end clip from article —-

Here it comes! 1970s all over again.

[svelte]

I happened to be on Palomar Airport Road today so I figured I’d swing into Bressi Ranch and see what all the talk is about.

When I saw this, all I could think of was what a poster child for the bubble:

http://www.redfin.com/stingray/do/printable-listing?listing-id=1236614

Roads virtually surrounding the house, 6219 sf, $2.5 million!

My lord, to what excess did we go. It looked like the builder is having some problems, as a couple of similar whales looked new but had ‘for rent’ signs in front of them.

I still don’t understand Bressi Ranch (no driveways, front door practically on the sidewalk) but at least it’s distinctive.

[svelte]

I happened to be on Palomar Airport Road today so I figured I’d swing into Bressi Ranch and see what all the talk is about.

When I saw this, all I could think of was what a poster child for the bubble:

http://www.redfin.com/stingray/do/printable-listing?listing-id=1236614

Roads virtually surrounding the house, 6219 sf, $2.5 million!

My lord, to what excess did we go. It looked like the builder is having some problems, as a couple of similar whales looked new but had ‘for rent’ signs in front of them.

I still don’t understand Bressi Ranch (no driveways, front door practically on the sidewalk) but at least it’s distinctive.

[Author]

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