Forum Replies Created
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UCGal
Participant[quote=PKMAN]
I’ve met many new neighbors who told me that they never thought they’d buy in Santee. Just like most of us (myself included), they started their house-hunting in North County Inland (SEH, 4S, Del Sur, etc.) but eventually realized that Santee is just as nice and the dollar stretches further here.[/quote]
An extended family member just purchased in Santee. It’s not a new build house, but it was affordable. He’s thrilled.He did not pick Santee as his first choice… but due to budget requirements and commute time requirements, Santee was the winner.
I’m sure he’ll be happy. But if a comparable house had been available, for the same price, in Mira Mesa or Clairemont, that’s where he would have bought. This was a point of discussion during the decision making process.
Participant[quote=PKMAN]
I’ve met many new neighbors who told me that they never thought they’d buy in Santee. Just like most of us (myself included), they started their house-hunting in North County Inland (SEH, 4S, Del Sur, etc.) but eventually realized that Santee is just as nice and the dollar stretches further here.[/quote]
An extended family member just purchased in Santee. It’s not a new build house, but it was affordable. He’s thrilled.He did not pick Santee as his first choice… but due to budget requirements and commute time requirements, Santee was the winner.
I’m sure he’ll be happy. But if a comparable house had been available, for the same price, in Mira Mesa or Clairemont, that’s where he would have bought. This was a point of discussion during the decision making process.
Participant[quote=eavesdropper][quote=HLS]We aren’t dealing with too many people who think.
FHA is the new subprime. Without it, the houisng market would collapse.We are dealing with a society that has an entitlement attitude and thinks that their civil rights are violated if they can’t get a mortgage.
Greed and foolishness is rampant. People think they are looked down upon if they are a renter.The wise ones have been renters the last 5-6 years and have no money in the stock market. How UNAmerican is that ?
The recent move to “address risk” at FHA was if a credit score is below 580, you need 10% down. Above 580 3.50% down is still possible, and the seller can only contribute 3% of the sales price instead of 6%.
This is a very, very, sick situation.HLS, I’ve noticed what you term as the “entitlement attitude” also, and it doesn’t appear as though the rocky financial shoals we’ve been experiencing recently have been a deterrent to borrowers or lenders. I kept hearing that the days of zero percent down were over, but that’s not what I’m seeing. What I’m especially struck by is the attitude of very young adults (20-22) who are living with their parents, and insisting that they have to buy a house before they can move out (sheltering that $25K annual salary from income taxes can be challenging). I admit to spitting up a little in my mouth when I watch “House Hunter”-type shows, and hear an appalled 21-year-old college dropout complain that the kitchen doesn’t have granite or stainless, and there’s only two bathrooms, and neither has double sinks!
Yes, I’m older than dirt, but I remember just wanting to get the hell out of my parents’ house at any cost. If an apartment had affordable rent and at least intermittent running water in its ONE 4′ x 3′ bathroom, I signed on the dotted line. Buying was something you saved for, and, when you bought, a substantial amount of your capital was in that property.
Just like Social Security and Medicare and some other entitlement programs have been expanded far beyond their original purposes and provisions, so has government funding of home ownership. I am alarmed by what appears to be the Feds filling the home financing void left by skittish financial institutions.
Do you know who it was in Congress that sponsored this recent initiative on the mortgage insurance increases? I never fail to be shocked by the appallingly low level of financial IQs among our elected officials. Is it possible that none of the large number that voted on this can comprehend what an increase of $450 and up will do to people’s ability to cover their monthly mortgage payment? And this is on top of the exorbitant hikes in property taxes in some areas where local governments are attempting to increase revenue.[/quote]
Eavesdropper… we must be the same generation (the older-than-dirt generation.) I also moved out as soon as I could with low expectations of working plumbing… and also get disgusted seeing the house hunters episodes that imply double sinks and granite are “minimum” standards.And I also spent my high school years listening to the Ramones… but here in San Diego. Gabba Gabba Hey!
Participant[quote=eavesdropper][quote=HLS]We aren’t dealing with too many people who think.
FHA is the new subprime. Without it, the houisng market would collapse.We are dealing with a society that has an entitlement attitude and thinks that their civil rights are violated if they can’t get a mortgage.
Greed and foolishness is rampant. People think they are looked down upon if they are a renter.The wise ones have been renters the last 5-6 years and have no money in the stock market. How UNAmerican is that ?
The recent move to “address risk” at FHA was if a credit score is below 580, you need 10% down. Above 580 3.50% down is still possible, and the seller can only contribute 3% of the sales price instead of 6%.
This is a very, very, sick situation.HLS, I’ve noticed what you term as the “entitlement attitude” also, and it doesn’t appear as though the rocky financial shoals we’ve been experiencing recently have been a deterrent to borrowers or lenders. I kept hearing that the days of zero percent down were over, but that’s not what I’m seeing. What I’m especially struck by is the attitude of very young adults (20-22) who are living with their parents, and insisting that they have to buy a house before they can move out (sheltering that $25K annual salary from income taxes can be challenging). I admit to spitting up a little in my mouth when I watch “House Hunter”-type shows, and hear an appalled 21-year-old college dropout complain that the kitchen doesn’t have granite or stainless, and there’s only two bathrooms, and neither has double sinks!
Yes, I’m older than dirt, but I remember just wanting to get the hell out of my parents’ house at any cost. If an apartment had affordable rent and at least intermittent running water in its ONE 4′ x 3′ bathroom, I signed on the dotted line. Buying was something you saved for, and, when you bought, a substantial amount of your capital was in that property.
Just like Social Security and Medicare and some other entitlement programs have been expanded far beyond their original purposes and provisions, so has government funding of home ownership. I am alarmed by what appears to be the Feds filling the home financing void left by skittish financial institutions.
Do you know who it was in Congress that sponsored this recent initiative on the mortgage insurance increases? I never fail to be shocked by the appallingly low level of financial IQs among our elected officials. Is it possible that none of the large number that voted on this can comprehend what an increase of $450 and up will do to people’s ability to cover their monthly mortgage payment? And this is on top of the exorbitant hikes in property taxes in some areas where local governments are attempting to increase revenue.[/quote]
Eavesdropper… we must be the same generation (the older-than-dirt generation.) I also moved out as soon as I could with low expectations of working plumbing… and also get disgusted seeing the house hunters episodes that imply double sinks and granite are “minimum” standards.And I also spent my high school years listening to the Ramones… but here in San Diego. Gabba Gabba Hey!
Participant[quote=eavesdropper][quote=HLS]We aren’t dealing with too many people who think.
FHA is the new subprime. Without it, the houisng market would collapse.We are dealing with a society that has an entitlement attitude and thinks that their civil rights are violated if they can’t get a mortgage.
Greed and foolishness is rampant. People think they are looked down upon if they are a renter.The wise ones have been renters the last 5-6 years and have no money in the stock market. How UNAmerican is that ?
The recent move to “address risk” at FHA was if a credit score is below 580, you need 10% down. Above 580 3.50% down is still possible, and the seller can only contribute 3% of the sales price instead of 6%.
This is a very, very, sick situation.HLS, I’ve noticed what you term as the “entitlement attitude” also, and it doesn’t appear as though the rocky financial shoals we’ve been experiencing recently have been a deterrent to borrowers or lenders. I kept hearing that the days of zero percent down were over, but that’s not what I’m seeing. What I’m especially struck by is the attitude of very young adults (20-22) who are living with their parents, and insisting that they have to buy a house before they can move out (sheltering that $25K annual salary from income taxes can be challenging). I admit to spitting up a little in my mouth when I watch “House Hunter”-type shows, and hear an appalled 21-year-old college dropout complain that the kitchen doesn’t have granite or stainless, and there’s only two bathrooms, and neither has double sinks!
Yes, I’m older than dirt, but I remember just wanting to get the hell out of my parents’ house at any cost. If an apartment had affordable rent and at least intermittent running water in its ONE 4′ x 3′ bathroom, I signed on the dotted line. Buying was something you saved for, and, when you bought, a substantial amount of your capital was in that property.
Just like Social Security and Medicare and some other entitlement programs have been expanded far beyond their original purposes and provisions, so has government funding of home ownership. I am alarmed by what appears to be the Feds filling the home financing void left by skittish financial institutions.
Do you know who it was in Congress that sponsored this recent initiative on the mortgage insurance increases? I never fail to be shocked by the appallingly low level of financial IQs among our elected officials. Is it possible that none of the large number that voted on this can comprehend what an increase of $450 and up will do to people’s ability to cover their monthly mortgage payment? And this is on top of the exorbitant hikes in property taxes in some areas where local governments are attempting to increase revenue.[/quote]
Eavesdropper… we must be the same generation (the older-than-dirt generation.) I also moved out as soon as I could with low expectations of working plumbing… and also get disgusted seeing the house hunters episodes that imply double sinks and granite are “minimum” standards.And I also spent my high school years listening to the Ramones… but here in San Diego. Gabba Gabba Hey!
Participant[quote=eavesdropper][quote=HLS]We aren’t dealing with too many people who think.
FHA is the new subprime. Without it, the houisng market would collapse.We are dealing with a society that has an entitlement attitude and thinks that their civil rights are violated if they can’t get a mortgage.
Greed and foolishness is rampant. People think they are looked down upon if they are a renter.The wise ones have been renters the last 5-6 years and have no money in the stock market. How UNAmerican is that ?
The recent move to “address risk” at FHA was if a credit score is below 580, you need 10% down. Above 580 3.50% down is still possible, and the seller can only contribute 3% of the sales price instead of 6%.
This is a very, very, sick situation.HLS, I’ve noticed what you term as the “entitlement attitude” also, and it doesn’t appear as though the rocky financial shoals we’ve been experiencing recently have been a deterrent to borrowers or lenders. I kept hearing that the days of zero percent down were over, but that’s not what I’m seeing. What I’m especially struck by is the attitude of very young adults (20-22) who are living with their parents, and insisting that they have to buy a house before they can move out (sheltering that $25K annual salary from income taxes can be challenging). I admit to spitting up a little in my mouth when I watch “House Hunter”-type shows, and hear an appalled 21-year-old college dropout complain that the kitchen doesn’t have granite or stainless, and there’s only two bathrooms, and neither has double sinks!
Yes, I’m older than dirt, but I remember just wanting to get the hell out of my parents’ house at any cost. If an apartment had affordable rent and at least intermittent running water in its ONE 4′ x 3′ bathroom, I signed on the dotted line. Buying was something you saved for, and, when you bought, a substantial amount of your capital was in that property.
Just like Social Security and Medicare and some other entitlement programs have been expanded far beyond their original purposes and provisions, so has government funding of home ownership. I am alarmed by what appears to be the Feds filling the home financing void left by skittish financial institutions.
Do you know who it was in Congress that sponsored this recent initiative on the mortgage insurance increases? I never fail to be shocked by the appallingly low level of financial IQs among our elected officials. Is it possible that none of the large number that voted on this can comprehend what an increase of $450 and up will do to people’s ability to cover their monthly mortgage payment? And this is on top of the exorbitant hikes in property taxes in some areas where local governments are attempting to increase revenue.[/quote]
Eavesdropper… we must be the same generation (the older-than-dirt generation.) I also moved out as soon as I could with low expectations of working plumbing… and also get disgusted seeing the house hunters episodes that imply double sinks and granite are “minimum” standards.And I also spent my high school years listening to the Ramones… but here in San Diego. Gabba Gabba Hey!
Participant[quote=eavesdropper][quote=HLS]We aren’t dealing with too many people who think.
FHA is the new subprime. Without it, the houisng market would collapse.We are dealing with a society that has an entitlement attitude and thinks that their civil rights are violated if they can’t get a mortgage.
Greed and foolishness is rampant. People think they are looked down upon if they are a renter.The wise ones have been renters the last 5-6 years and have no money in the stock market. How UNAmerican is that ?
The recent move to “address risk” at FHA was if a credit score is below 580, you need 10% down. Above 580 3.50% down is still possible, and the seller can only contribute 3% of the sales price instead of 6%.
This is a very, very, sick situation.HLS, I’ve noticed what you term as the “entitlement attitude” also, and it doesn’t appear as though the rocky financial shoals we’ve been experiencing recently have been a deterrent to borrowers or lenders. I kept hearing that the days of zero percent down were over, but that’s not what I’m seeing. What I’m especially struck by is the attitude of very young adults (20-22) who are living with their parents, and insisting that they have to buy a house before they can move out (sheltering that $25K annual salary from income taxes can be challenging). I admit to spitting up a little in my mouth when I watch “House Hunter”-type shows, and hear an appalled 21-year-old college dropout complain that the kitchen doesn’t have granite or stainless, and there’s only two bathrooms, and neither has double sinks!
Yes, I’m older than dirt, but I remember just wanting to get the hell out of my parents’ house at any cost. If an apartment had affordable rent and at least intermittent running water in its ONE 4′ x 3′ bathroom, I signed on the dotted line. Buying was something you saved for, and, when you bought, a substantial amount of your capital was in that property.
Just like Social Security and Medicare and some other entitlement programs have been expanded far beyond their original purposes and provisions, so has government funding of home ownership. I am alarmed by what appears to be the Feds filling the home financing void left by skittish financial institutions.
Do you know who it was in Congress that sponsored this recent initiative on the mortgage insurance increases? I never fail to be shocked by the appallingly low level of financial IQs among our elected officials. Is it possible that none of the large number that voted on this can comprehend what an increase of $450 and up will do to people’s ability to cover their monthly mortgage payment? And this is on top of the exorbitant hikes in property taxes in some areas where local governments are attempting to increase revenue.[/quote]
Eavesdropper… we must be the same generation (the older-than-dirt generation.) I also moved out as soon as I could with low expectations of working plumbing… and also get disgusted seeing the house hunters episodes that imply double sinks and granite are “minimum” standards.And I also spent my high school years listening to the Ramones… but here in San Diego. Gabba Gabba Hey!
ParticipantWe have friends with a pool like you show. It’s great as long as it’s on a super level site. If there’s any slope at all they tip over.
The other caveat… depending on where you live you may, legally, be required to have properly fenced areas -just like an inground pool. That’s the only thing that kept us from getting one. Our situation is a little different, though… we were having warranty work done on our construction project (companion unit) so building inspectors were still potentially onsite.
The relevant code for the city of San Diego is here:
http://docs.sandiego.gov/municode/MuniCodeChapter14/Ch14Art05Division31.pdfBasically – if the water is 18″ deep or more – you need the locking fence of 5′ or more.
ParticipantWe have friends with a pool like you show. It’s great as long as it’s on a super level site. If there’s any slope at all they tip over.
The other caveat… depending on where you live you may, legally, be required to have properly fenced areas -just like an inground pool. That’s the only thing that kept us from getting one. Our situation is a little different, though… we were having warranty work done on our construction project (companion unit) so building inspectors were still potentially onsite.
The relevant code for the city of San Diego is here:
http://docs.sandiego.gov/municode/MuniCodeChapter14/Ch14Art05Division31.pdfBasically – if the water is 18″ deep or more – you need the locking fence of 5′ or more.
ParticipantWe have friends with a pool like you show. It’s great as long as it’s on a super level site. If there’s any slope at all they tip over.
The other caveat… depending on where you live you may, legally, be required to have properly fenced areas -just like an inground pool. That’s the only thing that kept us from getting one. Our situation is a little different, though… we were having warranty work done on our construction project (companion unit) so building inspectors were still potentially onsite.
The relevant code for the city of San Diego is here:
http://docs.sandiego.gov/municode/MuniCodeChapter14/Ch14Art05Division31.pdfBasically – if the water is 18″ deep or more – you need the locking fence of 5′ or more.
ParticipantWe have friends with a pool like you show. It’s great as long as it’s on a super level site. If there’s any slope at all they tip over.
The other caveat… depending on where you live you may, legally, be required to have properly fenced areas -just like an inground pool. That’s the only thing that kept us from getting one. Our situation is a little different, though… we were having warranty work done on our construction project (companion unit) so building inspectors were still potentially onsite.
The relevant code for the city of San Diego is here:
http://docs.sandiego.gov/municode/MuniCodeChapter14/Ch14Art05Division31.pdfBasically – if the water is 18″ deep or more – you need the locking fence of 5′ or more.
ParticipantWe have friends with a pool like you show. It’s great as long as it’s on a super level site. If there’s any slope at all they tip over.
The other caveat… depending on where you live you may, legally, be required to have properly fenced areas -just like an inground pool. That’s the only thing that kept us from getting one. Our situation is a little different, though… we were having warranty work done on our construction project (companion unit) so building inspectors were still potentially onsite.
The relevant code for the city of San Diego is here:
http://docs.sandiego.gov/municode/MuniCodeChapter14/Ch14Art05Division31.pdfBasically – if the water is 18″ deep or more – you need the locking fence of 5′ or more.
ParticipantAgreeing with the others here. I’ve seen similar family dynamics more than once.
I especially agree with this bit from the previous post
[quote=eavesdropper]And I don’t know whether it’s an option, but if you can forget about the “inheritance” aspect, and just concentrate on working out how your mom is going to live for the remainder of her days on the assets she has, it may make it less complicated for you. Make sure that you include a variety of scenarios, such as what happens if your mother suffers a broken hip that requires skilled nursing care for 2 or 3 months as opposed to an incapacitating stroke that could rapidly eat up all her assets (I wouldn’t count on your brother providing in-home care, no matter what he says). Also, find out what your mother’s state rules are regarding tapping into the assets of her children to pay for her care, and also her assets.
Best of luck to you. Your instincts are spot-on: don’t trust your brother.[/quote]
Too often families get torn asunder fighting over inheritance that they feel “entitled” to.
I’m waiting for the drama when my in-laws pass… a few of my siblings in law have already made hints that they expect there to be significant wealth. (No idea where they get that idea, seriously!!!) And they’ll be even more surprised when they learn it’s not divided equally but based on need. Why get upset… it’s my in laws money to do with as they see fit.
It’s a lot easier to concentrate on your mother’s needs if you take inheritance out of the picture and worry about her needs first. It can be challenging to get all the parties on the same page, though.
ParticipantAgreeing with the others here. I’ve seen similar family dynamics more than once.
I especially agree with this bit from the previous post
[quote=eavesdropper]And I don’t know whether it’s an option, but if you can forget about the “inheritance” aspect, and just concentrate on working out how your mom is going to live for the remainder of her days on the assets she has, it may make it less complicated for you. Make sure that you include a variety of scenarios, such as what happens if your mother suffers a broken hip that requires skilled nursing care for 2 or 3 months as opposed to an incapacitating stroke that could rapidly eat up all her assets (I wouldn’t count on your brother providing in-home care, no matter what he says). Also, find out what your mother’s state rules are regarding tapping into the assets of her children to pay for her care, and also her assets.
Best of luck to you. Your instincts are spot-on: don’t trust your brother.[/quote]
Too often families get torn asunder fighting over inheritance that they feel “entitled” to.
I’m waiting for the drama when my in-laws pass… a few of my siblings in law have already made hints that they expect there to be significant wealth. (No idea where they get that idea, seriously!!!) And they’ll be even more surprised when they learn it’s not divided equally but based on need. Why get upset… it’s my in laws money to do with as they see fit.
It’s a lot easier to concentrate on your mother’s needs if you take inheritance out of the picture and worry about her needs first. It can be challenging to get all the parties on the same page, though.
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