[temeculaguy]

If any government agency had the power to save the r/e bubble from bursting they would have already done it. They may do what they can to keep rates steady but the new laws passed today banning stated income and adjustable loan qualifying just took the legs out from under any short term recovery. Even if they slow the supply, decreasing the demand still has the same result, lower prices.

It’s all noise at this point, they will liquidate indymac or liquidate it’s assets to free up the cash to save the other 300 banks that they will need to cover losses for, they can’t lock up their cash trying to prop up prices with others working in competition for those same few buyers. The invisible hand is almost visible.

[temeculaguy]

If any government agency had the power to save the r/e bubble from bursting they would have already done it. They may do what they can to keep rates steady but the new laws passed today banning stated income and adjustable loan qualifying just took the legs out from under any short term recovery. Even if they slow the supply, decreasing the demand still has the same result, lower prices.

It’s all noise at this point, they will liquidate indymac or liquidate it’s assets to free up the cash to save the other 300 banks that they will need to cover losses for, they can’t lock up their cash trying to prop up prices with others working in competition for those same few buyers. The invisible hand is almost visible.

[temeculaguy]

If any government agency had the power to save the r/e bubble from bursting they would have already done it. They may do what they can to keep rates steady but the new laws passed today banning stated income and adjustable loan qualifying just took the legs out from under any short term recovery. Even if they slow the supply, decreasing the demand still has the same result, lower prices.

It’s all noise at this point, they will liquidate indymac or liquidate it’s assets to free up the cash to save the other 300 banks that they will need to cover losses for, they can’t lock up their cash trying to prop up prices with others working in competition for those same few buyers. The invisible hand is almost visible.

[temeculaguy]

If any government agency had the power to save the r/e bubble from bursting they would have already done it. They may do what they can to keep rates steady but the new laws passed today banning stated income and adjustable loan qualifying just took the legs out from under any short term recovery. Even if they slow the supply, decreasing the demand still has the same result, lower prices.

It’s all noise at this point, they will liquidate indymac or liquidate it’s assets to free up the cash to save the other 300 banks that they will need to cover losses for, they can’t lock up their cash trying to prop up prices with others working in competition for those same few buyers. The invisible hand is almost visible.

[temeculaguy]

I think it’s near impossible, go buy a lottery ticket. I have had many honors bestowed upon me in my years, but having Rustico’s rooster named TG, would be an Oscar and a Vince Lombardi trophy all rolled into one.

[temeculaguy]

I think it’s near impossible, go buy a lottery ticket. I have had many honors bestowed upon me in my years, but having Rustico’s rooster named TG, would be an Oscar and a Vince Lombardi trophy all rolled into one.

[temeculaguy]

I think it’s near impossible, go buy a lottery ticket. I have had many honors bestowed upon me in my years, but having Rustico’s rooster named TG, would be an Oscar and a Vince Lombardi trophy all rolled into one.

[temeculaguy]

I think it’s near impossible, go buy a lottery ticket. I have had many honors bestowed upon me in my years, but having Rustico’s rooster named TG, would be an Oscar and a Vince Lombardi trophy all rolled into one.

[temeculaguy]

I think it’s near impossible, go buy a lottery ticket. I have had many honors bestowed upon me in my years, but having Rustico’s rooster named TG, would be an Oscar and a Vince Lombardi trophy all rolled into one.

[temeculaguy]

I got a bad feeling. The next two weeks is going to be nuts. Latest news interprets the plan as the gov’t will help fredie and fannie, but that’s it. The rest of the financials are on their own. Getting a mortgage will likely get tougher and rates may rise, see you in the emergency room.

http://biz.yahoo.com/ap/080714/credit_crisis_new_phase.html

Something wicked this way comes.

[temeculaguy]

I got a bad feeling. The next two weeks is going to be nuts. Latest news interprets the plan as the gov’t will help fredie and fannie, but that’s it. The rest of the financials are on their own. Getting a mortgage will likely get tougher and rates may rise, see you in the emergency room.

http://biz.yahoo.com/ap/080714/credit_crisis_new_phase.html

Something wicked this way comes.

[temeculaguy]

I got a bad feeling. The next two weeks is going to be nuts. Latest news interprets the plan as the gov’t will help fredie and fannie, but that’s it. The rest of the financials are on their own. Getting a mortgage will likely get tougher and rates may rise, see you in the emergency room.

http://biz.yahoo.com/ap/080714/credit_crisis_new_phase.html

Something wicked this way comes.

[temeculaguy]

I got a bad feeling. The next two weeks is going to be nuts. Latest news interprets the plan as the gov’t will help fredie and fannie, but that’s it. The rest of the financials are on their own. Getting a mortgage will likely get tougher and rates may rise, see you in the emergency room.

http://biz.yahoo.com/ap/080714/credit_crisis_new_phase.html

Something wicked this way comes.

[temeculaguy]

I got a bad feeling. The next two weeks is going to be nuts. Latest news interprets the plan as the gov’t will help fredie and fannie, but that’s it. The rest of the financials are on their own. Getting a mortgage will likely get tougher and rates may rise, see you in the emergency room.

http://biz.yahoo.com/ap/080714/credit_crisis_new_phase.html

Something wicked this way comes.

[temeculaguy]

If you can get a grand a month for rent, it pencils out. Egads it’s ugly. At 120k for a 1k rental it is 120x rent. 120k at 6.5 fixed is $750, with 20k down it’s $632. HOA and taxes should get you to a grand. But it looks close to rent nuetral from day one, worth looking into the specifics.

Junkers are always better rentals on paper. Imagine finding a 4s rental that sells for 600k and rents for $4,000.00 You won’t find it.

[Author]

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