Comments on: I know…it has been too long http://housingbubblecasualty.com/i-knowit-has-been-too-long/ Mortgage insiders view on mortgages, real estate, debt, and the housing bubble. site by SoCalMtgGuy, author of - Another F@CKED Borrower Wed, 23 Jul 2008 18:31:01 +0000 http://wordpress.org/?v=2.0.5 by: florida mortgage rate comparison http://housingbubblecasualty.com/i-knowit-has-been-too-long/#comment-531388 Fri, 15 Feb 2008 18:28:40 +0000 http://housingbubblecasualty.com/i-knowit-has-been-too-long/#comment-531388 <strong>florida mortgage rate comparison...</strong> fickle,mourns budging firearm newer ... florida mortgage rate comparison…

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]]> by: expert witness http://housingbubblecasualty.com/i-knowit-has-been-too-long/#comment-490225 Fri, 12 Oct 2007 22:37:41 +0000 http://housingbubblecasualty.com/i-knowit-has-been-too-long/#comment-490225 If there are any lawyers needing a expert witness as a mortgage broker please check out: http://www.expertwitnessmortgagebroker.com/ If there are any lawyers needing a expert witness as a mortgage broker please check out: http://www.expertwitnessmortgagebroker.com/

]]> by: Marc http://housingbubblecasualty.com/i-knowit-has-been-too-long/#comment-332156 Thu, 28 Jun 2007 04:52:52 +0000 http://housingbubblecasualty.com/i-knowit-has-been-too-long/#comment-332156 SoCalMtgGuy, I am a frequent lurker, but this is my first post. I have enjoyed your writing, and you are, in part, to thank for my decision to rent after a relocation to Sonoma County, California in 2005. My observation is that prices are down about 10% since my arrival. Thanks for your help. Marc SoCalMtgGuy,
I am a frequent lurker, but this is my first post. I have enjoyed your writing, and you are, in part, to thank for my decision to rent after a relocation to Sonoma County, California in 2005. My observation is that prices are down about 10% since my arrival. Thanks for your help.
Marc

]]> by: Superstar http://housingbubblecasualty.com/i-knowit-has-been-too-long/#comment-328920 Tue, 26 Jun 2007 17:09:05 +0000 http://housingbubblecasualty.com/i-knowit-has-been-too-long/#comment-328920 Waitingpatiently, is it possible that prices will not go down in a desirable area? No, they'll drop, and many of the people in that neighborhood are leveraged to death (although you'd never guess based on the toys in the driveway). Most people in America live paycheck to paycheck. Even the pseudo-rich live that way - the only difference is that their paychecks have more zeroes. Still, they're milking this twisted system for all it's worth and then they'll fail like all the generations before them. Keep an eye on the newspapers and watch the sales. It will take your region longer to fail, but it will fail, too. Waitingpatiently, is it possible that prices will not go down in a desirable area? No, they’ll drop, and many of the people in that neighborhood are leveraged to death (although you’d never guess based on the toys in the driveway).

Most people in America live paycheck to paycheck. Even the pseudo-rich live that way - the only difference is that their paychecks have more zeroes. Still, they’re milking this twisted system for all it’s worth and then they’ll fail like all the generations before them. Keep an eye on the newspapers and watch the sales. It will take your region longer to fail, but it will fail, too.

]]> by: waitingpatiently http://housingbubblecasualty.com/i-knowit-has-been-too-long/#comment-324714 Mon, 25 Jun 2007 03:01:05 +0000 http://housingbubblecasualty.com/i-knowit-has-been-too-long/#comment-324714 i live on the westside of l.a. i rent. prices are not going down here! they are going up a little bit even. everyone loves the school here but still, i keep reading about san diego and south florida and bakersfield and vegas and... is it possible that in a desirable neighborhood the prices will not go down? i was waiting for a 30 to 40 percent nominal drop. am i waiting in vain? i live on the westside of l.a. i rent. prices are not going down here! they are going up a little bit even. everyone loves the school here but still, i keep reading about san diego and south florida and bakersfield and vegas and… is it possible that in a desirable neighborhood the prices will not go down? i was waiting for a 30 to 40 percent nominal drop. am i waiting in vain?

]]> by: Brownie http://housingbubblecasualty.com/i-knowit-has-been-too-long/#comment-294195 Tue, 12 Jun 2007 04:13:35 +0000 http://housingbubblecasualty.com/i-knowit-has-been-too-long/#comment-294195 Hey, Here in Denver the higher end homes 700K+ are moving briskly, while the lower end homes are slow in selling. Kind of makes sense with the whole subprime situation. New buyers must be having a harder time getting started. Keep an eye on rates, the only thing holding everything together. Hey,
Here in Denver the higher end homes 700K+ are moving briskly, while the lower end homes are slow in selling. Kind of makes sense with the whole subprime situation. New buyers must be having a harder time getting started. Keep an eye on rates, the only thing holding everything together.

]]> by: concernedcanadian http://housingbubblecasualty.com/i-knowit-has-been-too-long/#comment-293024 Mon, 11 Jun 2007 19:24:05 +0000 http://housingbubblecasualty.com/i-knowit-has-been-too-long/#comment-293024 Hi SoCalMtgGuy I am writing from Canada. Do you have any knowledge at all of what is happening here? From reading your posts it sounds like we are in about end of 2005 beginning of 2006 US time here. Scary stuff.... Hi SoCalMtgGuy

I am writing from Canada. Do you have any knowledge at all of what is happening here? From reading your posts it sounds like we are in about end of 2005 beginning of 2006 US time here.

Scary stuff….

]]> by: Chicago real estate bubble http://housingbubblecasualty.com/i-knowit-has-been-too-long/#comment-282195 Thu, 07 Jun 2007 20:49:53 +0000 http://housingbubblecasualty.com/i-knowit-has-been-too-long/#comment-282195 test test

]]> by: bw http://housingbubblecasualty.com/i-knowit-has-been-too-long/#comment-266357 Sat, 02 Jun 2007 02:38:33 +0000 http://housingbubblecasualty.com/i-knowit-has-been-too-long/#comment-266357 With Congress threatening trade tariffs on Chinese imports, and China threatening to sell off US Treasury securities in retaliation to the trade tariffs, I seriously doubt that rates will 'stay where they are'. With Congress threatening trade tariffs on Chinese imports, and China threatening to sell off US Treasury securities in retaliation to the trade tariffs, I seriously doubt that rates will ’stay where they are’.

]]> by: Subsonic22 http://housingbubblecasualty.com/i-knowit-has-been-too-long/#comment-266347 Sat, 02 Jun 2007 02:07:05 +0000 http://housingbubblecasualty.com/i-knowit-has-been-too-long/#comment-266347 Just spoke to a person that did a 100% IO mortgage w/ PMI. Borrower told me the loan officer said they could drop PMI after one year. Also had a 5 year ARM, with a 3 year PPP. Didn't know that they had a PPP, had to explain to the borrower that the only way PMI could be dropped was to show a 25% appreciation which could only be done with an appraisal. I did an automated valuation model which showed a place at their condo sold for about the same amount of $ that their place sold for last year. Hopefully, they will be able to refi in the window between years 3 and 5. Maybe there won't be a negative escrow position. Other thing, if the borrower can't refinance and rates stay where they are (not likely, but you never know), hello 9.75%. Just spoke to a person that did a 100% IO mortgage w/ PMI. Borrower told me the loan officer said they could drop PMI after one year. Also had a 5 year ARM, with a 3 year PPP. Didn’t know that they had a PPP, had to explain to the borrower that the only way PMI could be dropped was to show a 25% appreciation which could only be done with an appraisal. I did an automated valuation model which showed a place at their condo sold for about the same amount of $ that their place sold for last year. Hopefully, they will be able to refi in the window between years 3 and 5. Maybe there won’t be a negative escrow position. Other thing, if the borrower can’t refinance and rates stay where they are (not likely, but you never know), hello 9.75%.

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