[UCGal]

[quote=jpinpb]When I got my place in 1991 it was 9 3/4 interest rate.[/quote]
I paid 9.5% in 1991, but it was in WA state. I was thrilled to get 6.75% in 1993 in PA.

[UCGal]

[quote=jpinpb]When I got my place in 1991 it was 9 3/4 interest rate.[/quote]
I paid 9.5% in 1991, but it was in WA state. I was thrilled to get 6.75% in 1993 in PA.

[UCGal]

[quote=jpinpb]When I got my place in 1991 it was 9 3/4 interest rate.[/quote]
I paid 9.5% in 1991, but it was in WA state. I was thrilled to get 6.75% in 1993 in PA.

[UCGal]

That graph is very distressing.

Health care costs in the US are out of control… and despite having what’s perceived as the best medical care in the world – the results aren’t showing that.

[UCGal]

That graph is very distressing.

Health care costs in the US are out of control… and despite having what’s perceived as the best medical care in the world – the results aren’t showing that.

[UCGal]

That graph is very distressing.

Health care costs in the US are out of control… and despite having what’s perceived as the best medical care in the world – the results aren’t showing that.

[UCGal]

That graph is very distressing.

Health care costs in the US are out of control… and despite having what’s perceived as the best medical care in the world – the results aren’t showing that.

[UCGal]

That graph is very distressing.

Health care costs in the US are out of control… and despite having what’s perceived as the best medical care in the world – the results aren’t showing that.

[UCGal]

Normally I stay out of the pissing match between sdr and bg. You guys obviously abhor each other and continuously bait each other.

But… I have to address this denial by sdr…

[quote=sdrealtor]Who said anything about a deserved dream home? Even a modest home they would not qualify under your program. BTW, most of their debt is not Sallie Mae but rather much higher rate debt.
[/quote]

in reply to BG…

Here’ what sdr previously stated – bolds are mine.

[quote=sdrealtor]I’ll admit to my share of arrogance but IMO the ultimate arrogance is someone trying to dictate how others should live their lives. I am not advocating based upon occupation but rather income plain and simple. Current income, expected stability of income and realistic potential of future income growth.

You gave a laundry list of what-if-s and the answer could and more likely is not relevant to each and every one of them in most cases. Many of these people I know were not born with silver spoons in their mouths. One of my friend’s father was a barber. Under your opinions you would have sent him to trade school. He went to community college, transferred to a state school, got into an Ivy League medical school, then residencies/fellowships at the top instuations in the country and to this day lives relatively modestly. He has had to buy into a partnership, pay off several hundred K in debt on his education and raise a young family. He’s about 40 now and under your model still would be unable to buy a home despite earning about $500K per year. He has none of the issues you listed and has busted his butt to get where he is which is at the top of his highly specialized medical specialty. He deserves a good quality of life, no make that a great quality of life and no one will convince me otherwise. Just to be clear, I know plenty of folks on the other end of the scale also and they deserve to live their lives on their own terms also. I just dont beleive someone like you should be dictating the terms for them.

As for the comment that ..I cant help it if my week beats your year (BTW, its one of my favorite Lou Reed quotes)… well I wasnt talking about income.[/quote]

sdr – you brought up your friend “deserving” to qualify for a loan based entirely on income, without consideration of downpayment or debt.

Your friends and clients are always exceptional, fabulous and wonderful. We’re all happy for you. But if I were underwriting – I’d still require 20% down, and debt ratio’s below a certain threshold. If the income is high enough – the debt ratio’s aren’t a problem.

None of us can predict the future. BG’s family may do better than your friends if healthcare industry reform happens and doctors stop making as much. Since bg’s kids have no student loans. I managed to graduate without student loans and am hoping to offer my kids the same opportunity. That doesn’t set a glass ceiling for them. So save the snark.

I enjoy your posts, sdr. But please… at least pretend to be one of the regular folks, despite your fabulousness.

And bg – stop taking his bait. It goes both ways. When you get into a battle of egos with him – it always ends ugly.

If you guys were my children I’d put you both in timeout.

[UCGal]

Normally I stay out of the pissing match between sdr and bg. You guys obviously abhor each other and continuously bait each other.

But… I have to address this denial by sdr…

[quote=sdrealtor]Who said anything about a deserved dream home? Even a modest home they would not qualify under your program. BTW, most of their debt is not Sallie Mae but rather much higher rate debt.
[/quote]

in reply to BG…

Here’ what sdr previously stated – bolds are mine.

[quote=sdrealtor]I’ll admit to my share of arrogance but IMO the ultimate arrogance is someone trying to dictate how others should live their lives. I am not advocating based upon occupation but rather income plain and simple. Current income, expected stability of income and realistic potential of future income growth.

You gave a laundry list of what-if-s and the answer could and more likely is not relevant to each and every one of them in most cases. Many of these people I know were not born with silver spoons in their mouths. One of my friend’s father was a barber. Under your opinions you would have sent him to trade school. He went to community college, transferred to a state school, got into an Ivy League medical school, then residencies/fellowships at the top instuations in the country and to this day lives relatively modestly. He has had to buy into a partnership, pay off several hundred K in debt on his education and raise a young family. He’s about 40 now and under your model still would be unable to buy a home despite earning about $500K per year. He has none of the issues you listed and has busted his butt to get where he is which is at the top of his highly specialized medical specialty. He deserves a good quality of life, no make that a great quality of life and no one will convince me otherwise. Just to be clear, I know plenty of folks on the other end of the scale also and they deserve to live their lives on their own terms also. I just dont beleive someone like you should be dictating the terms for them.

As for the comment that ..I cant help it if my week beats your year (BTW, its one of my favorite Lou Reed quotes)… well I wasnt talking about income.[/quote]

sdr – you brought up your friend “deserving” to qualify for a loan based entirely on income, without consideration of downpayment or debt.

Your friends and clients are always exceptional, fabulous and wonderful. We’re all happy for you. But if I were underwriting – I’d still require 20% down, and debt ratio’s below a certain threshold. If the income is high enough – the debt ratio’s aren’t a problem.

None of us can predict the future. BG’s family may do better than your friends if healthcare industry reform happens and doctors stop making as much. Since bg’s kids have no student loans. I managed to graduate without student loans and am hoping to offer my kids the same opportunity. That doesn’t set a glass ceiling for them. So save the snark.

I enjoy your posts, sdr. But please… at least pretend to be one of the regular folks, despite your fabulousness.

And bg – stop taking his bait. It goes both ways. When you get into a battle of egos with him – it always ends ugly.

If you guys were my children I’d put you both in timeout.

[UCGal]

Normally I stay out of the pissing match between sdr and bg. You guys obviously abhor each other and continuously bait each other.

But… I have to address this denial by sdr…

[quote=sdrealtor]Who said anything about a deserved dream home? Even a modest home they would not qualify under your program. BTW, most of their debt is not Sallie Mae but rather much higher rate debt.
[/quote]

in reply to BG…

Here’ what sdr previously stated – bolds are mine.

[quote=sdrealtor]I’ll admit to my share of arrogance but IMO the ultimate arrogance is someone trying to dictate how others should live their lives. I am not advocating based upon occupation but rather income plain and simple. Current income, expected stability of income and realistic potential of future income growth.

You gave a laundry list of what-if-s and the answer could and more likely is not relevant to each and every one of them in most cases. Many of these people I know were not born with silver spoons in their mouths. One of my friend’s father was a barber. Under your opinions you would have sent him to trade school. He went to community college, transferred to a state school, got into an Ivy League medical school, then residencies/fellowships at the top instuations in the country and to this day lives relatively modestly. He has had to buy into a partnership, pay off several hundred K in debt on his education and raise a young family. He’s about 40 now and under your model still would be unable to buy a home despite earning about $500K per year. He has none of the issues you listed and has busted his butt to get where he is which is at the top of his highly specialized medical specialty. He deserves a good quality of life, no make that a great quality of life and no one will convince me otherwise. Just to be clear, I know plenty of folks on the other end of the scale also and they deserve to live their lives on their own terms also. I just dont beleive someone like you should be dictating the terms for them.

As for the comment that ..I cant help it if my week beats your year (BTW, its one of my favorite Lou Reed quotes)… well I wasnt talking about income.[/quote]

sdr – you brought up your friend “deserving” to qualify for a loan based entirely on income, without consideration of downpayment or debt.

Your friends and clients are always exceptional, fabulous and wonderful. We’re all happy for you. But if I were underwriting – I’d still require 20% down, and debt ratio’s below a certain threshold. If the income is high enough – the debt ratio’s aren’t a problem.

None of us can predict the future. BG’s family may do better than your friends if healthcare industry reform happens and doctors stop making as much. Since bg’s kids have no student loans. I managed to graduate without student loans and am hoping to offer my kids the same opportunity. That doesn’t set a glass ceiling for them. So save the snark.

I enjoy your posts, sdr. But please… at least pretend to be one of the regular folks, despite your fabulousness.

And bg – stop taking his bait. It goes both ways. When you get into a battle of egos with him – it always ends ugly.

If you guys were my children I’d put you both in timeout.

[UCGal]

Normally I stay out of the pissing match between sdr and bg. You guys obviously abhor each other and continuously bait each other.

But… I have to address this denial by sdr…

[quote=sdrealtor]Who said anything about a deserved dream home? Even a modest home they would not qualify under your program. BTW, most of their debt is not Sallie Mae but rather much higher rate debt.
[/quote]

in reply to BG…

Here’ what sdr previously stated – bolds are mine.

[quote=sdrealtor]I’ll admit to my share of arrogance but IMO the ultimate arrogance is someone trying to dictate how others should live their lives. I am not advocating based upon occupation but rather income plain and simple. Current income, expected stability of income and realistic potential of future income growth.

You gave a laundry list of what-if-s and the answer could and more likely is not relevant to each and every one of them in most cases. Many of these people I know were not born with silver spoons in their mouths. One of my friend’s father was a barber. Under your opinions you would have sent him to trade school. He went to community college, transferred to a state school, got into an Ivy League medical school, then residencies/fellowships at the top instuations in the country and to this day lives relatively modestly. He has had to buy into a partnership, pay off several hundred K in debt on his education and raise a young family. He’s about 40 now and under your model still would be unable to buy a home despite earning about $500K per year. He has none of the issues you listed and has busted his butt to get where he is which is at the top of his highly specialized medical specialty. He deserves a good quality of life, no make that a great quality of life and no one will convince me otherwise. Just to be clear, I know plenty of folks on the other end of the scale also and they deserve to live their lives on their own terms also. I just dont beleive someone like you should be dictating the terms for them.

As for the comment that ..I cant help it if my week beats your year (BTW, its one of my favorite Lou Reed quotes)… well I wasnt talking about income.[/quote]

sdr – you brought up your friend “deserving” to qualify for a loan based entirely on income, without consideration of downpayment or debt.

Your friends and clients are always exceptional, fabulous and wonderful. We’re all happy for you. But if I were underwriting – I’d still require 20% down, and debt ratio’s below a certain threshold. If the income is high enough – the debt ratio’s aren’t a problem.

None of us can predict the future. BG’s family may do better than your friends if healthcare industry reform happens and doctors stop making as much. Since bg’s kids have no student loans. I managed to graduate without student loans and am hoping to offer my kids the same opportunity. That doesn’t set a glass ceiling for them. So save the snark.

I enjoy your posts, sdr. But please… at least pretend to be one of the regular folks, despite your fabulousness.

And bg – stop taking his bait. It goes both ways. When you get into a battle of egos with him – it always ends ugly.

If you guys were my children I’d put you both in timeout.

[UCGal]

Normally I stay out of the pissing match between sdr and bg. You guys obviously abhor each other and continuously bait each other.

But… I have to address this denial by sdr…

[quote=sdrealtor]Who said anything about a deserved dream home? Even a modest home they would not qualify under your program. BTW, most of their debt is not Sallie Mae but rather much higher rate debt.
[/quote]

in reply to BG…

Here’ what sdr previously stated – bolds are mine.

[quote=sdrealtor]I’ll admit to my share of arrogance but IMO the ultimate arrogance is someone trying to dictate how others should live their lives. I am not advocating based upon occupation but rather income plain and simple. Current income, expected stability of income and realistic potential of future income growth.

You gave a laundry list of what-if-s and the answer could and more likely is not relevant to each and every one of them in most cases. Many of these people I know were not born with silver spoons in their mouths. One of my friend’s father was a barber. Under your opinions you would have sent him to trade school. He went to community college, transferred to a state school, got into an Ivy League medical school, then residencies/fellowships at the top instuations in the country and to this day lives relatively modestly. He has had to buy into a partnership, pay off several hundred K in debt on his education and raise a young family. He’s about 40 now and under your model still would be unable to buy a home despite earning about $500K per year. He has none of the issues you listed and has busted his butt to get where he is which is at the top of his highly specialized medical specialty. He deserves a good quality of life, no make that a great quality of life and no one will convince me otherwise. Just to be clear, I know plenty of folks on the other end of the scale also and they deserve to live their lives on their own terms also. I just dont beleive someone like you should be dictating the terms for them.

As for the comment that ..I cant help it if my week beats your year (BTW, its one of my favorite Lou Reed quotes)… well I wasnt talking about income.[/quote]

sdr – you brought up your friend “deserving” to qualify for a loan based entirely on income, without consideration of downpayment or debt.

Your friends and clients are always exceptional, fabulous and wonderful. We’re all happy for you. But if I were underwriting – I’d still require 20% down, and debt ratio’s below a certain threshold. If the income is high enough – the debt ratio’s aren’t a problem.

None of us can predict the future. BG’s family may do better than your friends if healthcare industry reform happens and doctors stop making as much. Since bg’s kids have no student loans. I managed to graduate without student loans and am hoping to offer my kids the same opportunity. That doesn’t set a glass ceiling for them. So save the snark.

I enjoy your posts, sdr. But please… at least pretend to be one of the regular folks, despite your fabulousness.

And bg – stop taking his bait. It goes both ways. When you get into a battle of egos with him – it always ends ugly.

If you guys were my children I’d put you both in timeout.

[UCGal]

Like TG – the stage of life is important.

Right now we’re sandwiched… caring for elderly in-laws, kids in grade school. We’ve got a pretty sweet deal for our needs – large lot, custom built granny flat, good schools.

As a bonus – the granny flat will produce income when the in-laws no longer need it. And when we’re ready to downsize when they kids move out -we can move into it – and get better income from main house as a rental.

If kids and in-laws are not in the picture then I’d be looking at something even more coastal than UC – that’s single story. Lots of places to choose from.

Or maybe a fabulous yacht and slip. That would be cool. A million could buy a pretty sweet live aboard.

If it’s a million total – can we take money to make improvements on our current house?

[UCGal]

Like TG – the stage of life is important.

Right now we’re sandwiched… caring for elderly in-laws, kids in grade school. We’ve got a pretty sweet deal for our needs – large lot, custom built granny flat, good schools.

As a bonus – the granny flat will produce income when the in-laws no longer need it. And when we’re ready to downsize when they kids move out -we can move into it – and get better income from main house as a rental.

If kids and in-laws are not in the picture then I’d be looking at something even more coastal than UC – that’s single story. Lots of places to choose from.

Or maybe a fabulous yacht and slip. That would be cool. A million could buy a pretty sweet live aboard.

If it’s a million total – can we take money to make improvements on our current house?

[Author]

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