prusakolep
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jon wrote: You could buy the condo now and at the same time buy put options on the Case-Shiller Index. There isn't a market for Seattle specifically, but you could use the nationwide one. That way, as housing market falls, the value of the puts wi…
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carlislematthew wrote: Mr"Rational", which CNN forecasts *can* we compare to Case Shiller? Let us know and we'll look back and see how those compare. Or is it the case that we can't compare *anything* to Case Shiller unless it's Case Shiller, wh…
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This looks just like a 100% HELOC except very obfuscated - no doubt so that the terms of this account can make it a lot more profitable for the bank. It might be a good flexible way to manage the mortgage payments and the equity in your house if the…
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This program is available with FHA loans, so you should be able to buy a house with as little as 5% or even 3% down. With the MCC I think a borrower with no cash but also small debts and good credit can qualify for a $370K house with $97K income and…
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carlislematthew wrote: I'm not sure I completely agree with this. If you're looking for a highly liquid cash asset, and have 20% down on your house, get a 10% HELOC and don't use it. You can write yourself a check any day and even get a credit c…
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Subprime = borrower with bad credit risk Alt-A = stated income, no income verification (a.k.a. liar loan), but good credit risk Prime = borrower with good credit risk, verified income The terms of the loan like ARM, IO, Option, jumbo are indepe…
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Notice that the whole house is listed for sale, but only the unit on the upper floor is for rent.
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What? The Tim and biliruben read RCG, too? So I'm not the only RCG troll? I can't wait till Jazen suggests we are all one person :P
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Jazen wrote: Oh if you know the real reason the feeds stopped being sent then by all means, do tell. I don't really care what the real reason is, I just don't think that this is a conscious attempt to manipulate market statistics. Here is a…
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I think the change in price can be easily explained by the fact that the listings that remain to be uploaded represent a different sample whose median price is higher. Apparently the brokers that continue sending listings are the ones who have more …
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It is amazing how easy it is come up with conspiracy theories - whenever there is an unusual pattern, there are plenty people sniffing conspiracies. The truth is much more prosaic. The housingtracker site takes its statistics from realtor.com, and N…
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IMO I/O loans make very good sense now that the interest rates are the same or almost the same as for standard loans. That allows one to keep remaining cash invested elsewhere, and since mortgage interest is tax deductible, it makes financial sense …