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[quote=carlsbadworker]When making payments, you will need to specify whether it goes to extra principle or it is a pre-payment for next month. The default is the latter for most mortgage. But you can call them to make sure that $40K goes into principle when you make that extra payment.[/quote]
This!

I learned this the hard way and am now a payment ahead, when I wanted to be paying towards the principal.

Fortunately, I noticed it and made the adjustments. (I’ve been making extra principal payments pretty aggressively in the hopes of being 100% debt free soon.)

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[quote=briansd1]I wonder why there is no secondary market. Is it because of government competition, or because there simply because that’s how the market works.

If only we’d like the market take care of itself, mortgages would be a lot more expensive and house prices would be a lot lower.[/quote]

Have you paid ANY attention for the past five years?

There was a huge secondary market – it was the majority of the market. Mortgages were bought, bundled, traunched, diced/sliced and turned into mortgage backed securities, aka derivitives. These were sold as investment vehicles. This profitable scheme demanded more and more mortgages, so underwriting was relaxed and anyone with a pulse could get a mortgage.

Then the shit collapsed because real estate does *not* always go up and people who never should have gotten a mortgage stopped paying on their notes.

The secondary market disappeared overnight. Because no one wanted to buy mortgage backed securities – because no one trusts the underwriting. And we’d learned that real estate is like any other market – it can go down as well as up. And when it gets to bubbly heights – it can collapse.

The GSE’s are the only folks willing to buy the mortgages… And they were pumped up to fill the demand to help ease the liquidity crisis. Some day the secondary market might come back… Perhaps banks will go back to holding the mortgages they underwrite… but I’m not holding my breath.

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There was a discussion earlier this year about it.

http://piggington.com/the_new_style_of_single_family_house_what039s_your_thought

I guess it comes down to whether you are turned off by basing the curb appeal on the car storage or whether you prefer the look of the garage defining your curb appeal.

I’ve lived with both.. aesthetically I prefer the garage in back, and the house being what you see… but I also like driving straight into the garage and entering the kitchen from the garage. That’s a big plus of an attached garage.

But at least in my neighborhood, most people park their cars in the driveway or street and fill their garages with junk.

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Merry Christmas everyone. It’s been a busy couple days… Aired my grievances on Friday… switched gears and had friends and family over for 7 fishes last night… and today I’m dodging hex bugs…the most annoying toy ever invented.

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[quote=threadkiller]Wasn’t the SEC knocking on Countrywides door about 5 or 6 years ago. I vividly recall a representative of Countrywide telling me then that low income people could get a better rate than middle income people and I of course pointed out to her that that is not right/fair. Lately I’ve been paying more attention to stocks,yes I’ve crossed over to the dark side, I’m now a registered Republican.[/quote]
SEC made Angelo Mozillo pay a huge fine (but admit no wrong doing. It was something like 65 Million – of which Countrywide covered 20 million – and Angelo had to dig up 45 million from his estimated 600 million fortune.

Ironically – BofA just settled a countrywide related suit for $335 million. Not for lending to lower income people with more favorable terms than middle class people – but for being discriminatory in their lending to minorities… pushing minorities into crappier loans. Kind of runs contrary to what you were told by that countrywide rep.

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BG –
I’m technically a boomer (tail end of the group though)… I LOVE the fact that pantyhose and ties are obsolete. Love love love it!. Although the tie and hose thing is still around on the east coast to a degree.

My boomer bosses are worse with the cellphones and texting than the younger crowd… in meetings they are constantly taking calls, or answering emails/txts. I don’t think that’s a generational thing – I think that’s a cultural shift that has occurred in the workplace.

You work in one of the last fields to stay formal with suits and stockings… the legal field. And even that has started shifting. You used to have to wear formal business attire for jury duty. Now it’s “business casual” and I’ve seen flip flops and shorts in the jury rooms. The culture is shifting.

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I wish it were the DOJ.
SEC will fine them and not make them admit wrongdoing. They’ll walk away with a slap on the wrist.

DOJ could throw them in jail.

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following up on what ucodegen said… spend the time to learn how to put the tire cables on down here… So you can exchange them if they’re the wrong size.
We had the unfortunate experience of discovering that the cable chains we’d bought for a spring trip to Yosemite and Sequoia had the WRONG size in the box. Actually – only one of the pair was the wrong size.

It snowed while we were in Yosemite – and we had to pay extortion rates to get the proper size so we could leave the park and head to Sequoia. (Pass required chains.)

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[quote=briansd1]So you guys have big brother watching at work where certain sites are blocked?

BTW, I thought that pajama jeans might be a good Christmas gift recommendation that flu asked for.[/quote]

We do have some net-nannies at my work… this didn’t trip that…
But the link that starts with:
men/2011/12/20/gIQAEGc76O_blog.html
got retranslated by the browser to
http://www.men.com/2011/12/20/gIQAEGc76O_blog.html

DO NOT CLICK ON THE LINK unless you want graphic pictures of men on men sex acts.

Just saying.

Not that there’s anything wrong with it, as Seinfeld would say. I just think my boss would frown on this stuff on my screen.

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[quote=poorgradstudent][quote=AN]That’s when women are most fertile. So, scientifically, it’s not young at all. Getting married at 30+ is old, which is why a lot of people 30+ are having a hard time conceiving.[/quote]
Most women are still quite fertile throughout their 20s and into their early 30s. Even 35-39 the monthly fertility rate is still 10%, although the risks of chromosomal defects do rise.

So, “scientifically”, there aren’t major disadvantages to starting a family at 29 compared to 22 unless you really want 4+ children. There’s actually a lot of good evidence that a later start to having kids provides a lot of advantages to those children, although of course correlation is not necessarily causation.[/quote]

You marry when you find the right person to marry. You know, love… compatibility… right place/right time. Not because you’ve reached a certain age.

For me it was later. I married at 38, popped out the first kid at 39, and the second at 41. Neither has any chromosonal defects. Though they both have mastered being annoying.

And back to the OP topic… I’m at the tippy tail end of the boomers. My husband is a full blown boomer. Something my husband and I had in common – we both had to come up with 20% downpayment before we bought… so it was late 20’s for us (separately) before we bought homes. Most of our friends who were buying were in the same boat – not buying till late 20’s or early 30’s.

The downpayment requirements that used to be more common delayed me and my friends from buying sooner.

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[quote=briansd1]pajama jeans for everyone now, even for men. Maybe a good present for a loved one.

http://www.washingtonpost.com/blogs/arts-post/post/pajama-jeans-now-for-

men/2011/12/20/gIQAEGc76O_blog.html
https://www.pajamajeans.com/

http://www.npr.org/2011/12/11/143003539/spandex-has-stretched-with-u-s-waistlines%5B/quote%5D

That link starting with “men/2011” is NOT work safe.
Just sayin…

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Current trustee sale date is Jan 9, 2012 per fidelityasap.com. (This is not a subscription – but you do need to register to get the data.)

The current prop tax bill is in the name of Brookside Land Trust.
https://www.sdctreastax.com/ebpp3/%285x2gtq45rtl4ecm3cthnrx55%29/SecuredPropDetail.aspx
(plug in the APN as the bill number to see who’s getting the bill – again – something available withut subscription.)

And a look at the county records shows the transaction BG mentions.
http://arcc.co.san-diego.ca.us/services/grantorgrantee/search.aspx?FileNum=20110349026&OldSearch=1

Folks. You do NOT need a subscription to a paid service for this stuff. I learned how to do it here – from the other piggs.

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[quote=CDMA ENG][quote=sdduuuude]

This rerouting thing is a pain, but once done, you’ll be fine. I think every house in Clairmont has or will need this done.[/quote]

Ding!

The light just went on… I was wondering why there was crazy piping locations in my old house in UC.

CE[/quote]
We did a dyi repiping in the past year… not because of a slab lake but because of the stupid routing… the hot water line went uninsulated into the slab, then to the powder downstairs, then back to the slab, then up to the attic, then down to the two upstairs bathrooms, then finally down to the kitchen sink. Life is much better now that we can get hot water quickly due to more efficient routing through the ceiling.

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Good to hear from you JP. I’d noticed you hadn’t been around. Have a good Holiday.

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[quote=threadkiller]Come on! Can’t even get a focused pic or tell what kind of dog it is. http://www.sdlookup.com/Pictures-110061428%5B/quote%5D
threadkiller – those pictures are pretty impressive. At first I thought it was just someone who seriously needed a good garage sale to get rid of the crap they’ve acquired and is now cluttering their house and yard… (How many exercise machines were on that deck?)

But then I kept scrolling and saw the holes in the walls, ceilings and doors… and that picture of the random black plastic hanging off the balcony… those pictures are disturbing.

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