[temeculaguy]

EX, you really think so or are you throwing out a number? I don’t mean to start an argument and in an overcorrection a few low examples can be had but the settling location for a 3000 to 4000 sq ft house in a master planned area with great schools doesn’t seem like it should be fundamentally affordable to an unamrried cop, fireman, teacher, or other median single buyer with close to 100k income which are not as dependant on the economy. Most two income families would easily have the money for that in the 300 to 400 range and that is not a median home. I wish you were right but I don’t see it ever going that low.

[temeculaguy]

EX, you really think so or are you throwing out a number? I don’t mean to start an argument and in an overcorrection a few low examples can be had but the settling location for a 3000 to 4000 sq ft house in a master planned area with great schools doesn’t seem like it should be fundamentally affordable to an unamrried cop, fireman, teacher, or other median single buyer with close to 100k income which are not as dependant on the economy. Most two income families would easily have the money for that in the 300 to 400 range and that is not a median home. I wish you were right but I don’t see it ever going that low.

[temeculaguy]

EX, you really think so or are you throwing out a number? I don’t mean to start an argument and in an overcorrection a few low examples can be had but the settling location for a 3000 to 4000 sq ft house in a master planned area with great schools doesn’t seem like it should be fundamentally affordable to an unamrried cop, fireman, teacher, or other median single buyer with close to 100k income which are not as dependant on the economy. Most two income families would easily have the money for that in the 300 to 400 range and that is not a median home. I wish you were right but I don’t see it ever going that low.

[temeculaguy]

JES that sounds so cool it is hard to believe. I think there is more to the story regarding the op, there has to be because the only loans that should hold would be the high fico, high down payments. He must have a lot of debt or his income didn’t support the payment. Fico and Down payment are not the only two factors in the equation, just because he is a doctor doesn’t mean he should get a loan if his house payment and debt service is 2/3 of his income. BTW I have to be right, having an 800 fico and 20% down myself, sitting on the sidelines and not wanting a jumbo or any more than 30% income to housing ratio I strangely resemble this guys boat if there arent other untold factors. If I’m wrong and I get tossed into the loser bracket like the good doctor, I’m screwed and my plans to rule the world will have been foiled, damn you superman.

[temeculaguy]

JES that sounds so cool it is hard to believe. I think there is more to the story regarding the op, there has to be because the only loans that should hold would be the high fico, high down payments. He must have a lot of debt or his income didn’t support the payment. Fico and Down payment are not the only two factors in the equation, just because he is a doctor doesn’t mean he should get a loan if his house payment and debt service is 2/3 of his income. BTW I have to be right, having an 800 fico and 20% down myself, sitting on the sidelines and not wanting a jumbo or any more than 30% income to housing ratio I strangely resemble this guys boat if there arent other untold factors. If I’m wrong and I get tossed into the loser bracket like the good doctor, I’m screwed and my plans to rule the world will have been foiled, damn you superman.

[temeculaguy]

JES that sounds so cool it is hard to believe. I think there is more to the story regarding the op, there has to be because the only loans that should hold would be the high fico, high down payments. He must have a lot of debt or his income didn’t support the payment. Fico and Down payment are not the only two factors in the equation, just because he is a doctor doesn’t mean he should get a loan if his house payment and debt service is 2/3 of his income. BTW I have to be right, having an 800 fico and 20% down myself, sitting on the sidelines and not wanting a jumbo or any more than 30% income to housing ratio I strangely resemble this guys boat if there arent other untold factors. If I’m wrong and I get tossed into the loser bracket like the good doctor, I’m screwed and my plans to rule the world will have been foiled, damn you superman.

[temeculaguy]

Did you notice how he tried to take it back and said something to the effect that he shouldn’t say that, I can just see it in his eyes when anyone brings up one or two markets that are holding up and he wants to yell at them and call them names but then reluctantly agrees. He’s having a hard time editing himself like a teenager who slips up once in a while and uses the f word in front of a parent.

[temeculaguy]

Did you notice how he tried to take it back and said something to the effect that he shouldn’t say that, I can just see it in his eyes when anyone brings up one or two markets that are holding up and he wants to yell at them and call them names but then reluctantly agrees. He’s having a hard time editing himself like a teenager who slips up once in a while and uses the f word in front of a parent.

[temeculaguy]

Did you notice how he tried to take it back and said something to the effect that he shouldn’t say that, I can just see it in his eyes when anyone brings up one or two markets that are holding up and he wants to yell at them and call them names but then reluctantly agrees. He’s having a hard time editing himself like a teenager who slips up once in a while and uses the f word in front of a parent.

[temeculaguy]

Actually I need to defend my boy Shiller, he’s involved in the case/shiller tracking index and the housing futures market on the cme. It borders on unethical for the guy that is taking the bets to tell you where to bet. I read any interviews and watch anything he says and you have to decode him, sometimes he smirks and refuses to answer the question because he knows he shouldn’t be spinning or postulating, just stating the facts. His problem is that he is a total fundamental guy, in 2004 he said that it was getting out of control and issued warnings, then again in 05, then in 06, now everyone wants his opinion. I’ve heard people say he just always makes warning and occasionaly they turn out to be true, I disagree, I think when we look back in ten years we will see that he was right all along, things took a bad turn in 2004. Listen to Shiller but understand he is holding back, I think Shiller has a Roubini mask and when he wants to get raw he puts the mask on and goes on T.V., the accent is just to hide his voice. I fully expect to see a scooby doo episode where David Lereah goes “laces out” nuts and for ruining his career he kidnaps Roubini and pulls his mask off only to find Shiller underneath.

[temeculaguy]

Actually I need to defend my boy Shiller, he’s involved in the case/shiller tracking index and the housing futures market on the cme. It borders on unethical for the guy that is taking the bets to tell you where to bet. I read any interviews and watch anything he says and you have to decode him, sometimes he smirks and refuses to answer the question because he knows he shouldn’t be spinning or postulating, just stating the facts. His problem is that he is a total fundamental guy, in 2004 he said that it was getting out of control and issued warnings, then again in 05, then in 06, now everyone wants his opinion. I’ve heard people say he just always makes warning and occasionaly they turn out to be true, I disagree, I think when we look back in ten years we will see that he was right all along, things took a bad turn in 2004. Listen to Shiller but understand he is holding back, I think Shiller has a Roubini mask and when he wants to get raw he puts the mask on and goes on T.V., the accent is just to hide his voice. I fully expect to see a scooby doo episode where David Lereah goes “laces out” nuts and for ruining his career he kidnaps Roubini and pulls his mask off only to find Shiller underneath.

[temeculaguy]

Actually I need to defend my boy Shiller, he’s involved in the case/shiller tracking index and the housing futures market on the cme. It borders on unethical for the guy that is taking the bets to tell you where to bet. I read any interviews and watch anything he says and you have to decode him, sometimes he smirks and refuses to answer the question because he knows he shouldn’t be spinning or postulating, just stating the facts. His problem is that he is a total fundamental guy, in 2004 he said that it was getting out of control and issued warnings, then again in 05, then in 06, now everyone wants his opinion. I’ve heard people say he just always makes warning and occasionaly they turn out to be true, I disagree, I think when we look back in ten years we will see that he was right all along, things took a bad turn in 2004. Listen to Shiller but understand he is holding back, I think Shiller has a Roubini mask and when he wants to get raw he puts the mask on and goes on T.V., the accent is just to hide his voice. I fully expect to see a scooby doo episode where David Lereah goes “laces out” nuts and for ruining his career he kidnaps Roubini and pulls his mask off only to find Shiller underneath.

[temeculaguy]

WOW OC, who knew you had this tracked back a year. I gotta get out more and see other sites. I took a link journey from BMIT and ended up watching a video of Cramer saying the inland empire needs to be plowed under and he is calling for 100% default rate on 2/28’s, I think he’s a bit of a nut but it’s nice to know he even knows the I.E. exists, hey were famous.

[temeculaguy]

WOW OC, who knew you had this tracked back a year. I gotta get out more and see other sites. I took a link journey from BMIT and ended up watching a video of Cramer saying the inland empire needs to be plowed under and he is calling for 100% default rate on 2/28’s, I think he’s a bit of a nut but it’s nice to know he even knows the I.E. exists, hey were famous.

[temeculaguy]

WOW OC, who knew you had this tracked back a year. I gotta get out more and see other sites. I took a link journey from BMIT and ended up watching a video of Cramer saying the inland empire needs to be plowed under and he is calling for 100% default rate on 2/28’s, I think he’s a bit of a nut but it’s nice to know he even knows the I.E. exists, hey were famous.

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