[trex]

Maybe I’m out of touch, but I was surprised the opposite way – how *can’t* they afford $2900 a month? With about 10k a month, why can’t they just tighten their belts a bit and ride it out? Used clothing stores, eat at home, etc? Given that they have no assets, I’m assuming there are two nice cars in the garage. Sell them and get an old Toyota for 2k.

[trex]

Maybe I’m out of touch, but I was surprised the opposite way – how *can’t* they afford $2900 a month? With about 10k a month, why can’t they just tighten their belts a bit and ride it out? Used clothing stores, eat at home, etc? Given that they have no assets, I’m assuming there are two nice cars in the garage. Sell them and get an old Toyota for 2k.

[trex]

Maybe I’m out of touch, but I was surprised the opposite way – how *can’t* they afford $2900 a month? With about 10k a month, why can’t they just tighten their belts a bit and ride it out? Used clothing stores, eat at home, etc? Given that they have no assets, I’m assuming there are two nice cars in the garage. Sell them and get an old Toyota for 2k.

[trex]

Americans are indeed financially illiterate. Last night the couple next to us at a restaurant were having a discussion about mortgages and clearly knew nothing about fixed rate versus adjustable rate. They were trying to figure out why they should get an adjustable, and finally agreed that it was because adjustable rate mortgages can go down…. I had to bite my tongue off…

[trex]

Americans are indeed financially illiterate. Last night the couple next to us at a restaurant were having a discussion about mortgages and clearly knew nothing about fixed rate versus adjustable rate. They were trying to figure out why they should get an adjustable, and finally agreed that it was because adjustable rate mortgages can go down…. I had to bite my tongue off…

[trex]

Americans are indeed financially illiterate. Last night the couple next to us at a restaurant were having a discussion about mortgages and clearly knew nothing about fixed rate versus adjustable rate. They were trying to figure out why they should get an adjustable, and finally agreed that it was because adjustable rate mortgages can go down…. I had to bite my tongue off…

[trex]

Americans are indeed financially illiterate. Last night the couple next to us at a restaurant were having a discussion about mortgages and clearly knew nothing about fixed rate versus adjustable rate. They were trying to figure out why they should get an adjustable, and finally agreed that it was because adjustable rate mortgages can go down…. I had to bite my tongue off…

[trex]

Americans are indeed financially illiterate. Last night the couple next to us at a restaurant were having a discussion about mortgages and clearly knew nothing about fixed rate versus adjustable rate. They were trying to figure out why they should get an adjustable, and finally agreed that it was because adjustable rate mortgages can go down…. I had to bite my tongue off…

[trex]

Thanks for all the comments, this is useful.

We will wait for price declines – but we want to know that there will be something out there that we actually like after it happens. A 25% decline sounds great, but 75% of 1,000,000 is still too much for us to spend on housing….

I’ll avoid central Escondido, but check out all the communities suggested.

[trex]

Thanks for all the comments, this is useful.

We will wait for price declines – but we want to know that there will be something out there that we actually like after it happens. A 25% decline sounds great, but 75% of 1,000,000 is still too much for us to spend on housing….

I’ll avoid central Escondido, but check out all the communities suggested.

[trex]

Thanks for all the comments, this is useful.

We will wait for price declines – but we want to know that there will be something out there that we actually like after it happens. A 25% decline sounds great, but 75% of 1,000,000 is still too much for us to spend on housing….

I’ll avoid central Escondido, but check out all the communities suggested.

[trex]

Thanks for all the comments, this is useful.

We will wait for price declines – but we want to know that there will be something out there that we actually like after it happens. A 25% decline sounds great, but 75% of 1,000,000 is still too much for us to spend on housing….

I’ll avoid central Escondido, but check out all the communities suggested.

[trex]

Thanks for all the comments, this is useful.

We will wait for price declines – but we want to know that there will be something out there that we actually like after it happens. A 25% decline sounds great, but 75% of 1,000,000 is still too much for us to spend on housing….

I’ll avoid central Escondido, but check out all the communities suggested.

[trex]

Thanks for all the suggestions! We are going there for dinner Sunday, will check out the community as well.

[trex]

Thanks for all the suggestions! We are going there for dinner Sunday, will check out the community as well.

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