[UCGal]

[quote=HLS]With home ownership recently approaching 70%, there is another group that has no interest in buying a house and yet another group that cannot qualify for a loan for various reasons.

What is left seems to be a very small slice of interested buyers who can qualify for a loan by today’s guidelines.

I am seeing a number of people with some but not all of the following: high credit scores, lots of cash, low debt and a job, but for one reason or another they do not qualify for a loan.
Those with a recent foreclosure will not be able to buy for 2 to 5 years based on current guidelines.

I believe that the % of the population that can qualify for a loan is possibly the lowest that it has ever been.
Many people that want to buy a house have absolutely no chance of buying now.[/quote]

I doubt it’s the lowest… Prior to the change in lending requirements you needed good credit and a good down payment (plus the income to meet the payments.) 20% down was minimum. We still have programs that let you put very little down – so there are more people that qualify now than did 30 or so years ago.

Factor in the fact that banks used to redline black neighborhoods – so that also reduced the number of people who qualified for loans. (It’s where the term redlining comes from – the maps banks had that showed where not to make mortgages because of the demographic makeup. The areas that were unloanable were colored in red.)

I don’t want to see redlining return. But I am very much in favor of bringing back the underwriting standards of old – you needed to save (a LOT) for a downpayment. You had to have a good, long term, career/income and you had to have very good credit.

[UCGal]

[quote=HLS]With home ownership recently approaching 70%, there is another group that has no interest in buying a house and yet another group that cannot qualify for a loan for various reasons.

What is left seems to be a very small slice of interested buyers who can qualify for a loan by today’s guidelines.

I am seeing a number of people with some but not all of the following: high credit scores, lots of cash, low debt and a job, but for one reason or another they do not qualify for a loan.
Those with a recent foreclosure will not be able to buy for 2 to 5 years based on current guidelines.

I believe that the % of the population that can qualify for a loan is possibly the lowest that it has ever been.
Many people that want to buy a house have absolutely no chance of buying now.[/quote]

I doubt it’s the lowest… Prior to the change in lending requirements you needed good credit and a good down payment (plus the income to meet the payments.) 20% down was minimum. We still have programs that let you put very little down – so there are more people that qualify now than did 30 or so years ago.

Factor in the fact that banks used to redline black neighborhoods – so that also reduced the number of people who qualified for loans. (It’s where the term redlining comes from – the maps banks had that showed where not to make mortgages because of the demographic makeup. The areas that were unloanable were colored in red.)

I don’t want to see redlining return. But I am very much in favor of bringing back the underwriting standards of old – you needed to save (a LOT) for a downpayment. You had to have a good, long term, career/income and you had to have very good credit.

[UCGal]

[quote=HLS]With home ownership recently approaching 70%, there is another group that has no interest in buying a house and yet another group that cannot qualify for a loan for various reasons.

What is left seems to be a very small slice of interested buyers who can qualify for a loan by today’s guidelines.

I am seeing a number of people with some but not all of the following: high credit scores, lots of cash, low debt and a job, but for one reason or another they do not qualify for a loan.
Those with a recent foreclosure will not be able to buy for 2 to 5 years based on current guidelines.

I believe that the % of the population that can qualify for a loan is possibly the lowest that it has ever been.
Many people that want to buy a house have absolutely no chance of buying now.[/quote]

I doubt it’s the lowest… Prior to the change in lending requirements you needed good credit and a good down payment (plus the income to meet the payments.) 20% down was minimum. We still have programs that let you put very little down – so there are more people that qualify now than did 30 or so years ago.

Factor in the fact that banks used to redline black neighborhoods – so that also reduced the number of people who qualified for loans. (It’s where the term redlining comes from – the maps banks had that showed where not to make mortgages because of the demographic makeup. The areas that were unloanable were colored in red.)

I don’t want to see redlining return. But I am very much in favor of bringing back the underwriting standards of old – you needed to save (a LOT) for a downpayment. You had to have a good, long term, career/income and you had to have very good credit.

[UCGal]

I agree with Eugene – there is far too much misinformation being spread.

I’ve gotten a few emails about this type of crap. And when I went to the page #’s in the bill sited in the email, it was totally WRONG, MISLEADING, and LIES.

The end of life stuff in the health care bill is about paying your doctor for their time (compensation for services) when you are terminal or nearing end of life, to say whether you want extreme measures taken or not. Having watched 3 family members die of cancer in the past few years (with three different sets of wishes) – the doctors have to get it on record whether you want/desire them to to “do everything possible” or “die with dignity”. My dad was all about no extreme measures… my brother wanted absolutely every measure to revive him.

This is NOT about euthanasia. It is about honoring the PATIENT’S wishes when they are terminal. Read the gosh darn bill. You can find it online at http://waysandmeans.house.gov/media/pdf/111/AAHCA09001xml.pdf

(hint – page 426 is the part about “end of life”)

[UCGal]

I agree with Eugene – there is far too much misinformation being spread.

I’ve gotten a few emails about this type of crap. And when I went to the page #’s in the bill sited in the email, it was totally WRONG, MISLEADING, and LIES.

The end of life stuff in the health care bill is about paying your doctor for their time (compensation for services) when you are terminal or nearing end of life, to say whether you want extreme measures taken or not. Having watched 3 family members die of cancer in the past few years (with three different sets of wishes) – the doctors have to get it on record whether you want/desire them to to “do everything possible” or “die with dignity”. My dad was all about no extreme measures… my brother wanted absolutely every measure to revive him.

This is NOT about euthanasia. It is about honoring the PATIENT’S wishes when they are terminal. Read the gosh darn bill. You can find it online at http://waysandmeans.house.gov/media/pdf/111/AAHCA09001xml.pdf

(hint – page 426 is the part about “end of life”)

[UCGal]

I agree with Eugene – there is far too much misinformation being spread.

I’ve gotten a few emails about this type of crap. And when I went to the page #’s in the bill sited in the email, it was totally WRONG, MISLEADING, and LIES.

The end of life stuff in the health care bill is about paying your doctor for their time (compensation for services) when you are terminal or nearing end of life, to say whether you want extreme measures taken or not. Having watched 3 family members die of cancer in the past few years (with three different sets of wishes) – the doctors have to get it on record whether you want/desire them to to “do everything possible” or “die with dignity”. My dad was all about no extreme measures… my brother wanted absolutely every measure to revive him.

This is NOT about euthanasia. It is about honoring the PATIENT’S wishes when they are terminal. Read the gosh darn bill. You can find it online at http://waysandmeans.house.gov/media/pdf/111/AAHCA09001xml.pdf

(hint – page 426 is the part about “end of life”)

[UCGal]

I agree with Eugene – there is far too much misinformation being spread.

I’ve gotten a few emails about this type of crap. And when I went to the page #’s in the bill sited in the email, it was totally WRONG, MISLEADING, and LIES.

The end of life stuff in the health care bill is about paying your doctor for their time (compensation for services) when you are terminal or nearing end of life, to say whether you want extreme measures taken or not. Having watched 3 family members die of cancer in the past few years (with three different sets of wishes) – the doctors have to get it on record whether you want/desire them to to “do everything possible” or “die with dignity”. My dad was all about no extreme measures… my brother wanted absolutely every measure to revive him.

This is NOT about euthanasia. It is about honoring the PATIENT’S wishes when they are terminal. Read the gosh darn bill. You can find it online at http://waysandmeans.house.gov/media/pdf/111/AAHCA09001xml.pdf

(hint – page 426 is the part about “end of life”)

[UCGal]

I agree with Eugene – there is far too much misinformation being spread.

I’ve gotten a few emails about this type of crap. And when I went to the page #’s in the bill sited in the email, it was totally WRONG, MISLEADING, and LIES.

The end of life stuff in the health care bill is about paying your doctor for their time (compensation for services) when you are terminal or nearing end of life, to say whether you want extreme measures taken or not. Having watched 3 family members die of cancer in the past few years (with three different sets of wishes) – the doctors have to get it on record whether you want/desire them to to “do everything possible” or “die with dignity”. My dad was all about no extreme measures… my brother wanted absolutely every measure to revive him.

This is NOT about euthanasia. It is about honoring the PATIENT’S wishes when they are terminal. Read the gosh darn bill. You can find it online at http://waysandmeans.house.gov/media/pdf/111/AAHCA09001xml.pdf

(hint – page 426 is the part about “end of life”)

[UCGal]

confirmed via online tax records that Than Merrill of Flip This House/CT Homes fame is the owner of record on 1112 Emerald.
(and that he has a very small ($130) unpaid tax bill.)

Bought in 4/2009 and back taxes (from prev owner?) were paid late at that point.

[UCGal]

confirmed via online tax records that Than Merrill of Flip This House/CT Homes fame is the owner of record on 1112 Emerald.
(and that he has a very small ($130) unpaid tax bill.)

Bought in 4/2009 and back taxes (from prev owner?) were paid late at that point.

[UCGal]

confirmed via online tax records that Than Merrill of Flip This House/CT Homes fame is the owner of record on 1112 Emerald.
(and that he has a very small ($130) unpaid tax bill.)

Bought in 4/2009 and back taxes (from prev owner?) were paid late at that point.

[UCGal]

confirmed via online tax records that Than Merrill of Flip This House/CT Homes fame is the owner of record on 1112 Emerald.
(and that he has a very small ($130) unpaid tax bill.)

Bought in 4/2009 and back taxes (from prev owner?) were paid late at that point.

[UCGal]

confirmed via online tax records that Than Merrill of Flip This House/CT Homes fame is the owner of record on 1112 Emerald.
(and that he has a very small ($130) unpaid tax bill.)

Bought in 4/2009 and back taxes (from prev owner?) were paid late at that point.

[UCGal]

Just saw the episode today.

Looks like Paul and JD are living in it. Tax roles show it’s owned by Esajian, LLC. At the end they point to another house (guessing it’s 1114 Emerald) and apparently Than and his wife moved there.

You knew the whole show was a setup… It starts out with Than in a helocopter over the coast talking about how they won’t be doing any projects at the beach – but other parts of the county are getting affordable… and then the project is at the beach.

[UCGal]

Just saw the episode today.

Looks like Paul and JD are living in it. Tax roles show it’s owned by Esajian, LLC. At the end they point to another house (guessing it’s 1114 Emerald) and apparently Than and his wife moved there.

You knew the whole show was a setup… It starts out with Than in a helocopter over the coast talking about how they won’t be doing any projects at the beach – but other parts of the county are getting affordable… and then the project is at the beach.

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