explorer
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Boy, if that answer was known with any real certainty anymore, beyond the obvious, The NAR would not need to advertise. Not intended to be snarky, but we are in an unprecidented situation, with the size of the bubble and the credit and HELOC's out t…
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This is what happens when you rely on spell check, instead of a human editor that is familar with English.
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Sounds like a plan. However, I sent an informal backup, letter of interest offer on the place I'm renting in a triplex, but since the near immedate offer of the asking over-price was of course accepted, I had no chance at a reasonable purchase. T…
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The other factor not mentioned is how the median rent is distorted by those trying to rent out their condos and houses to cover their high-priced mortagages. Kinda like more high-end sales of SFH's distort the median for all SFH's. When discussin…
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When I saw that, I could not help but think: You are lucky you even HAVE your own house! There is a difference between WANT and NEED. This is the kind of propaganda that blurs the distinctions in favor of being that good little consumer...
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...Now, some overdue loans can go two yearsbefore the companies record a loss." Oh yes, you need two whole years to confirm that the loan is delinquent... Considering that the Feds have been changing the economic measurement goal posts, as we…
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Based upon what you have said, it sounds like a classic case of a short sale to me. They need to talk to their lender, NOT the Realtors. They can also still do it FSBO. No one says you HAVE to use a NAR sanctioned person. Put it up on Redfin? The…
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...Why, for example, do we continually vote down increases in taxes to pay for schools? Could it be because the majority of people that vote are older and are less likely to have school age children? I think so... It is a bit more complex than th…
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...Cosmetic fixes are cheap and sometimes quite convincing. Just ask any buyer of a Conversion/condo/townhome with granite and stainless steel to distract from the mold behind the walls....
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Geez, you would think they would be happy with just saying how much the neighboorhood comps and/or property values would be affected by foreclosures. The degree of scaremongering seems inversely proportional to the fear of the money mongers that …
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Correction to the above: It is a THREE unit triplex of course.
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Damn right, RCC. People need to go with their gut when times get tough. If you say you saw a pink pony, and that pony needed some TLC, don't be cruel. Listen to your heart, and the shining light of years of satisfaction of knowing you own, in partne…
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Trading in the 'vette for a Suburban is not exactly roughing it. Maybe in Orange County it is. Renting would be a fate worse than death for them. Poor babies. No more free season tickets for you! 10 to 1 they divorce in the next year.
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Here's the "benefit," Including that sale would contribute to lowering the median price for the neighboorhood, and if everyone did that, lowering it for the region. Now, lowering the price (within "reason"), on a house far above the median price,…
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The irony here may be that doing NOTHING will benefit us the most, across the board. I don't see the fundementals applying to a $15K rebate, just the consumerism that we were culturally raised to follow. Sure as individuals, that $15K is somethin…
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Agreed on this one RCC. A carbon tax would be far more effective, than any cap and trade plan I have seen. States like WA, who have supported C & T don't know squat about how it would really help, other than in theory. In practice--basing my inf…
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Markor -- I am currently in a similar position on savings, but with a smaller amount. Despite the big bounce up today, my conservative IRA MF's have lost too much prinicipal since I purchased them over year ago. I am bailing out soon to cut my losse…
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I am indeed making the assumption the rate will be higher, since they will be likely be turned into CDO's, and in an attempt to make first time borrowers pay for the losses (just me being cynical). All of the rates I did a quick search for have n…
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As someone who watches FHA limits, the 3% down was always affordable. Quick, on the napkin calculations means someone who goes to the 567K limit would pay an average of $3600/month for a 7% 30 yr fixed. That goes for refis too. At the median inco…
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I also had the same understanding as PE#1 about the CDO rub. It does not seem likely anyone is going to fall back on their insurance, that would start a stampede, as it would amount to a rush on a bank, and the Insurance cos. would probably go chapt…
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RCC -- You got it all wrong. Stainless Steel. Not chrome plating. So what if the added weight consumes more fuel. The asset appreciation will go on forever! (snicker).
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I am a progressvie MAF, and I see my so-called conservative Index Mutural Funds, even from venerable T Rowe Price and Vanguard, in a Roth IRA, making half of what the same amount makes in a high-yield Savings Account, or even a vanilla 6 month CD.…
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Agreed Seattle Moose, except instead of blatant monopolies, there are oligarghies that accomplish the same purpose. True monopolies were taken apart by Teddy Rooseveldt, and anti-trust. Execpt, that they forgot to include insurance companies and ban…
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Don't you know, they are all eating a diet of government cheese, and living in a VAN DOWN BY THE RIVER... I'm not sure if that in fact will not come about....
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Interesting situation. I agree that since it was located on the owners property, and it probably would be considered under the "possession is 9/10ths of the law"concept, due to it being located there. Offering a finder's fee of 10 percent was gen…
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Another interesting take from Paul Krugman, who summarizes the situation well: http://www.nytimes.com/2007/12/03/opini ... ref=slogin
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In this case, EVERYONE should expect the Spanish Inquistion of Investors to control things.... Sorry, could not resist bringing lame levity to shameful subterfuge.
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Great observation of the current terrain singlet. I would add that the buyback clauses are not enforceable when the orginator goes out of business, or files bankruptcy. In many cases, these CDO buyback clauses went all the way back to the brokers…
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A quick google search brrought this paid link up: National Assn. of Landlords: http://nail-usa.com/ It has free forms and electronic screening services.
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They have also overlooked that large rent increases have already been occuring in-city especially for the past 2 plus years! Obviously, this was designed to give hope to the hopeless....