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temeculaguy
ParticipantJasper, I’m throwing a flag on the play, feel free to edit your comments and spare your reputation. Yes, Marion is opinionated and Dave enjoys prodding her, which is entertaining for many and I’ll admit it goes overboard at times and beyond my tastes. But these threads often reach 5 or 6 pages so while we all wait out the very slow and often boring R/E decline, some folks enjoy watching the side show and it’s good for a laugh.
But idiot and B&%$h are completely uncalled for, either find a more subtle and clever way to fire an insult or be seen for someone who is behaving exactly as the words they are using to describe another. I know our mothers taught us both how to deal with women we disagree with and that isn’t it. I’ll check this thread for the next hour and I’ll delete this if you edit yours.
ParticipantJasper, I’m throwing a flag on the play, feel free to edit your comments and spare your reputation. Yes, Marion is opinionated and Dave enjoys prodding her, which is entertaining for many and I’ll admit it goes overboard at times and beyond my tastes. But these threads often reach 5 or 6 pages so while we all wait out the very slow and often boring R/E decline, some folks enjoy watching the side show and it’s good for a laugh.
But idiot and B&%$h are completely uncalled for, either find a more subtle and clever way to fire an insult or be seen for someone who is behaving exactly as the words they are using to describe another. I know our mothers taught us both how to deal with women we disagree with and that isn’t it. I’ll check this thread for the next hour and I’ll delete this if you edit yours.
ParticipantJasper, I’m throwing a flag on the play, feel free to edit your comments and spare your reputation. Yes, Marion is opinionated and Dave enjoys prodding her, which is entertaining for many and I’ll admit it goes overboard at times and beyond my tastes. But these threads often reach 5 or 6 pages so while we all wait out the very slow and often boring R/E decline, some folks enjoy watching the side show and it’s good for a laugh.
But idiot and B&%$h are completely uncalled for, either find a more subtle and clever way to fire an insult or be seen for someone who is behaving exactly as the words they are using to describe another. I know our mothers taught us both how to deal with women we disagree with and that isn’t it. I’ll check this thread for the next hour and I’ll delete this if you edit yours.
ParticipantIt’s nice to see my S.D. brothers and sisters finally seeing the drops, it gives me deja vu from last year in my hood. Now before all this talk of trigger pulling, keep in mind the pain train is only just at an audible distance, it will be kept at bay until the bounce fades. Then the repos and the builders will get in a price war that will shift the advantage from month to month. Once the spiral picks up steam, the repos will increase and your trigger finger will get itchier and itchier, that 750 lowball will make you laugh when the list for a similar is 700, then 650, then disbelief will set in. Patience young Skywalker.
ParticipantIt’s nice to see my S.D. brothers and sisters finally seeing the drops, it gives me deja vu from last year in my hood. Now before all this talk of trigger pulling, keep in mind the pain train is only just at an audible distance, it will be kept at bay until the bounce fades. Then the repos and the builders will get in a price war that will shift the advantage from month to month. Once the spiral picks up steam, the repos will increase and your trigger finger will get itchier and itchier, that 750 lowball will make you laugh when the list for a similar is 700, then 650, then disbelief will set in. Patience young Skywalker.
ParticipantIt’s nice to see my S.D. brothers and sisters finally seeing the drops, it gives me deja vu from last year in my hood. Now before all this talk of trigger pulling, keep in mind the pain train is only just at an audible distance, it will be kept at bay until the bounce fades. Then the repos and the builders will get in a price war that will shift the advantage from month to month. Once the spiral picks up steam, the repos will increase and your trigger finger will get itchier and itchier, that 750 lowball will make you laugh when the list for a similar is 700, then 650, then disbelief will set in. Patience young Skywalker.
ParticipantIt’s nice to see my S.D. brothers and sisters finally seeing the drops, it gives me deja vu from last year in my hood. Now before all this talk of trigger pulling, keep in mind the pain train is only just at an audible distance, it will be kept at bay until the bounce fades. Then the repos and the builders will get in a price war that will shift the advantage from month to month. Once the spiral picks up steam, the repos will increase and your trigger finger will get itchier and itchier, that 750 lowball will make you laugh when the list for a similar is 700, then 650, then disbelief will set in. Patience young Skywalker.
ParticipantIt’s nice to see my S.D. brothers and sisters finally seeing the drops, it gives me deja vu from last year in my hood. Now before all this talk of trigger pulling, keep in mind the pain train is only just at an audible distance, it will be kept at bay until the bounce fades. Then the repos and the builders will get in a price war that will shift the advantage from month to month. Once the spiral picks up steam, the repos will increase and your trigger finger will get itchier and itchier, that 750 lowball will make you laugh when the list for a similar is 700, then 650, then disbelief will set in. Patience young Skywalker.
ParticipantIf your house is in so cal, no matter if you, countrywide or daffy duck chooses the appraiser, the value will not have risen. Even if you pay it down to 80% of the original loan the liklihood that it wont still be underwater isn’t good and you will have a fight on your hands to get rid of the pmi, check into the details of that law, I’ll bet there is a clause for value loss unless the lawmakers were drinking the kool aid. How far off were you? did you put 15% down? 10%, 5%, 0%, if it was 15% it may be worth your while to look into your options, if it was 0%, get used to the PMI.
ParticipantIf your house is in so cal, no matter if you, countrywide or daffy duck chooses the appraiser, the value will not have risen. Even if you pay it down to 80% of the original loan the liklihood that it wont still be underwater isn’t good and you will have a fight on your hands to get rid of the pmi, check into the details of that law, I’ll bet there is a clause for value loss unless the lawmakers were drinking the kool aid. How far off were you? did you put 15% down? 10%, 5%, 0%, if it was 15% it may be worth your while to look into your options, if it was 0%, get used to the PMI.
ParticipantIf your house is in so cal, no matter if you, countrywide or daffy duck chooses the appraiser, the value will not have risen. Even if you pay it down to 80% of the original loan the liklihood that it wont still be underwater isn’t good and you will have a fight on your hands to get rid of the pmi, check into the details of that law, I’ll bet there is a clause for value loss unless the lawmakers were drinking the kool aid. How far off were you? did you put 15% down? 10%, 5%, 0%, if it was 15% it may be worth your while to look into your options, if it was 0%, get used to the PMI.
ParticipantIf your house is in so cal, no matter if you, countrywide or daffy duck chooses the appraiser, the value will not have risen. Even if you pay it down to 80% of the original loan the liklihood that it wont still be underwater isn’t good and you will have a fight on your hands to get rid of the pmi, check into the details of that law, I’ll bet there is a clause for value loss unless the lawmakers were drinking the kool aid. How far off were you? did you put 15% down? 10%, 5%, 0%, if it was 15% it may be worth your while to look into your options, if it was 0%, get used to the PMI.
ParticipantIf your house is in so cal, no matter if you, countrywide or daffy duck chooses the appraiser, the value will not have risen. Even if you pay it down to 80% of the original loan the liklihood that it wont still be underwater isn’t good and you will have a fight on your hands to get rid of the pmi, check into the details of that law, I’ll bet there is a clause for value loss unless the lawmakers were drinking the kool aid. How far off were you? did you put 15% down? 10%, 5%, 0%, if it was 15% it may be worth your while to look into your options, if it was 0%, get used to the PMI.
ParticipantLease option is better when values are rising and much worse when values are falling. It can also benefit someone short of a down payment.
standard L/O scenario is lets say you find a house that is on the market for 500k and would rent for $2500, the lease option might involve a minor downpayment, let’s say 5 or 10k and a rent of $3000, with $500 each month being deposited into an account being added to your 5 or 10k. The lease option can be set for finite amount of time, lets say 1 year. At the end of a year you will have added 6k to your potential downpayment kitty and you can now buy it for the price you agreed upon when you first moved in. If the value has fallen to 600k, you are out the entire kitty (16k) and you walk away. If it rises to 800k, you put the 16k down and get the house for 700k with a loan of 684k and you are up 116k. The problem is right now you can no longer get financing with only 16k down on 700k and the odds of it appreciating is almost nil, so you will have just been renting for a 30% premium.
It’s almost just like stock options and if R/E were a stock would you really want to lock in today’s price and pay a fee for that privelige when it’s almost certain the price will not rise. In 2001 through 2004 it was a decent play but in 2008 it is a suckers bet.
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