[XBoxBoy]

Not positive about this, but looks like the fine print in the Rex & Co calculator says you have to have the agreement in place for five years.

[XBoxBoy]

Not positive about this, but looks like the fine print in the Rex & Co calculator says you have to have the agreement in place for five years.

[XBoxBoy]

Commute from Carlsbad down to La Jolla, and then for your husband to downtown is in a single word…. UGLY! I would think an hour each way.

The I-5 through north county is very backed up going south in the morning and going north in the evening. Expect speeds of 10-20mph the whole way.

Take a look at this traffic map during a typical commute time and I think you will see lots of red on it on the I-5

http://www.dot.ca.gov/dist11/d11tmc/sdmap/showmap.html

Unless you really want to spend hours on the freeway, I wouldn’t suggest Carlsbad.

[XBoxBoy]

Commute from Carlsbad down to La Jolla, and then for your husband to downtown is in a single word…. UGLY! I would think an hour each way.

The I-5 through north county is very backed up going south in the morning and going north in the evening. Expect speeds of 10-20mph the whole way.

Take a look at this traffic map during a typical commute time and I think you will see lots of red on it on the I-5

http://www.dot.ca.gov/dist11/d11tmc/sdmap/showmap.html

Unless you really want to spend hours on the freeway, I wouldn’t suggest Carlsbad.

[XBoxBoy]

Commute from Carlsbad down to La Jolla, and then for your husband to downtown is in a single word…. UGLY! I would think an hour each way.

The I-5 through north county is very backed up going south in the morning and going north in the evening. Expect speeds of 10-20mph the whole way.

Take a look at this traffic map during a typical commute time and I think you will see lots of red on it on the I-5

http://www.dot.ca.gov/dist11/d11tmc/sdmap/showmap.html

Unless you really want to spend hours on the freeway, I wouldn’t suggest Carlsbad.

[XBoxBoy]

Louise,

Have you considered renting instead of buying? Getting anything in a good neighborhood with good schools and less than 30 minutes commute to la jolla and downtown for less than 550k at this time seems like a tall order to me. If you rented, you might be able to find a place that would work for you.

Also if you rented, you would get a better idea of commutes, neighborhoods and schools, which would allow you to figure out what you are willing to compromise on.

I’m also assuming you want a house. If you are willing to take a condo, you might be able to find something in the 500k price range.

XBoxBoy

[XBoxBoy]

Louise,

Have you considered renting instead of buying? Getting anything in a good neighborhood with good schools and less than 30 minutes commute to la jolla and downtown for less than 550k at this time seems like a tall order to me. If you rented, you might be able to find a place that would work for you.

Also if you rented, you would get a better idea of commutes, neighborhoods and schools, which would allow you to figure out what you are willing to compromise on.

I’m also assuming you want a house. If you are willing to take a condo, you might be able to find something in the 500k price range.

XBoxBoy

[XBoxBoy]

Louise,

Have you considered renting instead of buying? Getting anything in a good neighborhood with good schools and less than 30 minutes commute to la jolla and downtown for less than 550k at this time seems like a tall order to me. If you rented, you might be able to find a place that would work for you.

Also if you rented, you would get a better idea of commutes, neighborhoods and schools, which would allow you to figure out what you are willing to compromise on.

I’m also assuming you want a house. If you are willing to take a condo, you might be able to find something in the 500k price range.

XBoxBoy

[XBoxBoy]

You would think so…

> Is it the general consensus that Jumbo mortage
> rates are normal, low or artificially low.

There’s little consensus on this board about anything, but probably most people are of the opinion that rates are lower than they should be. (If investors were being rational)

> It seems that with the record number of defaults
> and the asian countries withdrawing over 50 bil

Yes, both of those things should be making investors much more reluctant to buy mortgages. (or mortgage backed securities) And they are, however, most first loans and loans for less than $417k are sold not to investors but to the government “agencies”. Which are still buying loans.

> I would also think that foreign investors would
> be frothing at the mouth that the US has purposely
> devaluated the dollar.

Yeah, that’s the part that really surprises me. All I can figure is that foreign investors psychological stance is that the dollar is still the safe currency. (Although recent history makes you wonder why anyone would think that.) All I can figure is that opinions are slow to change and only change after people get burnt really well.

The only argument I can make that rates will go down is that the economy is in trouble and the fed is likely to do everything it can to lower rates in an attempt to keep things going.

But you would think that foreign investors would be pulling money out of dollar assets and going to play elsewhere. And maybe they are to some degree, but there is still lots and lots of foreign money floating around in our system.

[XBoxBoy]

You would think so…

> Is it the general consensus that Jumbo mortage
> rates are normal, low or artificially low.

There’s little consensus on this board about anything, but probably most people are of the opinion that rates are lower than they should be. (If investors were being rational)

> It seems that with the record number of defaults
> and the asian countries withdrawing over 50 bil

Yes, both of those things should be making investors much more reluctant to buy mortgages. (or mortgage backed securities) And they are, however, most first loans and loans for less than $417k are sold not to investors but to the government “agencies”. Which are still buying loans.

> I would also think that foreign investors would
> be frothing at the mouth that the US has purposely
> devaluated the dollar.

Yeah, that’s the part that really surprises me. All I can figure is that foreign investors psychological stance is that the dollar is still the safe currency. (Although recent history makes you wonder why anyone would think that.) All I can figure is that opinions are slow to change and only change after people get burnt really well.

The only argument I can make that rates will go down is that the economy is in trouble and the fed is likely to do everything it can to lower rates in an attempt to keep things going.

But you would think that foreign investors would be pulling money out of dollar assets and going to play elsewhere. And maybe they are to some degree, but there is still lots and lots of foreign money floating around in our system.

[XBoxBoy]

You would think so…

> Is it the general consensus that Jumbo mortage
> rates are normal, low or artificially low.

There’s little consensus on this board about anything, but probably most people are of the opinion that rates are lower than they should be. (If investors were being rational)

> It seems that with the record number of defaults
> and the asian countries withdrawing over 50 bil

Yes, both of those things should be making investors much more reluctant to buy mortgages. (or mortgage backed securities) And they are, however, most first loans and loans for less than $417k are sold not to investors but to the government “agencies”. Which are still buying loans.

> I would also think that foreign investors would
> be frothing at the mouth that the US has purposely
> devaluated the dollar.

Yeah, that’s the part that really surprises me. All I can figure is that foreign investors psychological stance is that the dollar is still the safe currency. (Although recent history makes you wonder why anyone would think that.) All I can figure is that opinions are slow to change and only change after people get burnt really well.

The only argument I can make that rates will go down is that the economy is in trouble and the fed is likely to do everything it can to lower rates in an attempt to keep things going.

But you would think that foreign investors would be pulling money out of dollar assets and going to play elsewhere. And maybe they are to some degree, but there is still lots and lots of foreign money floating around in our system.

[XBoxBoy]

Raybyrnes, I meant that Zillow was worthless, as an expression, not an actual accounting of the cost versus value. Zillow tries to promote itself as a tool to help you with real estate transactions, and as such I see no value. Now Aybo the robotic dog, I can see as having real value since I love dogs but my wife is allergic to them. Admittedly, not as wonderful as a real dog, but better than nothing. Which I guess makes me an idiot by your standards. Oh well, I’ve been called worse.

[XBoxBoy]

Raybyrnes, I meant that Zillow was worthless, as an expression, not an actual accounting of the cost versus value. Zillow tries to promote itself as a tool to help you with real estate transactions, and as such I see no value. Now Aybo the robotic dog, I can see as having real value since I love dogs but my wife is allergic to them. Admittedly, not as wonderful as a real dog, but better than nothing. Which I guess makes me an idiot by your standards. Oh well, I’ve been called worse.

[XBoxBoy]

Raybyrnes, I meant that Zillow was worthless, as an expression, not an actual accounting of the cost versus value. Zillow tries to promote itself as a tool to help you with real estate transactions, and as such I see no value. Now Aybo the robotic dog, I can see as having real value since I love dogs but my wife is allergic to them. Admittedly, not as wonderful as a real dog, but better than nothing. Which I guess makes me an idiot by your standards. Oh well, I’ve been called worse.

[XBoxBoy]

Gotta love it, there’s zillow saying that this house is worth $1,146,173. What an incredibly worthless POS zillow is.

[Author]

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