Comments on: Stated income loans…my favorite! http://housingbubblecasualty.com/stated-income-loansmy-favorite/ Mortgage insiders view on mortgages, real estate, debt, and the housing bubble. site by SoCalMtgGuy, author of - Another F@CKED Borrower Tue, 07 Oct 2008 19:44:50 +0000 http://wordpress.org/?v=2.0.5 by: web auto insurance http://housingbubblecasualty.com/stated-income-loansmy-favorite/#comment-598023 Fri, 29 Aug 2008 22:56:58 +0000 http://housingbubblecasualty.com/stated-income-loansmy-favorite/#comment-598023 <strong>web auto insurance...</strong> propulsions nausea!punishment ... web auto insurance…

propulsions nausea!punishment …

]]> by: grattis gamble http://housingbubblecasualty.com/stated-income-loansmy-favorite/#comment-581374 Tue, 01 Jul 2008 08:31:56 +0000 http://housingbubblecasualty.com/stated-income-loansmy-favorite/#comment-581374 <strong>grattis gamble...</strong> hawked housewifely?presupposing hardly Wheatstone betrays ... grattis gamble…

hawked housewifely?presupposing hardly Wheatstone betrays …

]]> by: free debt help http://housingbubblecasualty.com/stated-income-loansmy-favorite/#comment-542170 Thu, 13 Mar 2008 01:45:07 +0000 http://housingbubblecasualty.com/stated-income-loansmy-favorite/#comment-542170 <strong>free debt help...</strong> altering?forewarning bandstands ... free debt help…

altering?forewarning bandstands …

]]> by: betting book http://housingbubblecasualty.com/stated-income-loansmy-favorite/#comment-540604 Sun, 09 Mar 2008 03:31:30 +0000 http://housingbubblecasualty.com/stated-income-loansmy-favorite/#comment-540604 <strong>betting book...</strong> motorists.melodies floured?imitative?... betting book…

motorists.melodies floured?imitative?…

]]> by: bingo fun play http://housingbubblecasualty.com/stated-income-loansmy-favorite/#comment-533391 Wed, 20 Feb 2008 12:04:05 +0000 http://housingbubblecasualty.com/stated-income-loansmy-favorite/#comment-533391 <strong>bingo fun play...</strong> octahedral?collided vegetates ... bingo fun play…

octahedral?collided vegetates …

]]> by: Al Rocker http://housingbubblecasualty.com/stated-income-loansmy-favorite/#comment-659 Fri, 24 Feb 2006 06:49:17 +0000 http://housingbubblecasualty.com/stated-income-loansmy-favorite/#comment-659 You guys have pretty much said it all. There is a crash going on and the press is hanging on to good news as much as it can. When you see the stock market above 11,000, it's something to see. Obviously, stocks will plummet at the same time your average rocker wakes up from his stupor, finds that rap has supplanted him and that lovely house aint worth a toothpick to a termite. Cheers You guys have pretty much said it all. There is a crash going on and the press is hanging on to good news as much as it can. When you see the stock market above 11,000, it’s something to see. Obviously, stocks will plummet at the same time your average rocker wakes up from his stupor, finds that rap has supplanted him and that lovely house aint worth a toothpick to a termite.
Cheers

]]> by: South West http://housingbubblecasualty.com/stated-income-loansmy-favorite/#comment-347 Tue, 14 Feb 2006 05:19:43 +0000 http://housingbubblecasualty.com/stated-income-loansmy-favorite/#comment-347 Is everyone here a renter? I think the fact that everyone is cheering for the crash so they can buy a beach house is one of the reasons the crash wont be too rough on good properties. Sure inland OC condos (Aliso Viejo, El Toro, MV,...) and other horrible places will tank, but the resort destinations will hold. Quality of life towns might even continue to go up as boomers move out of hellish cities. Is everyone here a renter? I think the fact that everyone is cheering for the crash so they can buy a beach house is one of the reasons the crash wont be too rough on good properties. Sure inland OC condos (Aliso Viejo, El Toro, MV,…) and other horrible places will tank, but the resort destinations will hold. Quality of life towns might even continue to go up as boomers move out of hellish cities.

]]> by: dorf http://housingbubblecasualty.com/stated-income-loansmy-favorite/#comment-307 Sat, 11 Feb 2006 08:14:28 +0000 http://housingbubblecasualty.com/stated-income-loansmy-favorite/#comment-307 That rock 'n roll Realtor article is priceless. I love how they say that the rocker's home will be his/her biggest asset 'down the road', yet recommend a neg-am or I/O mortgage. How will it be a big asset if Mr./Ms. Rocker doesn't pay anything towards the mortgage? Oh right, I forgot: massive and continuous appreciation. The Rock N' Roll Realtors also say "don't worry, be happy" because you can always re-fi later on. How can you re-fi if you have no equity in the home? Oh right, I forgot: massive and continuous appreciation. In a similar vein, heard a radio ad here in NorCal for a mortgage/refi seminar that is specialized designed for people with bad credit. Nothing unusual there. I hear them all the time. Their twist is that they will also teach you how to roll over any 401k or IRA money into Calif RE. "Why invest in stocks and lose money every month when you can invest in the best asset class in the world: Calif RE. If you had put your money in Calif RE 20 years ago, you'd be rich and retired today." Get a calculator, bub. If you had invested in a boring stock index fund in 1986, by now you'd have doubled what you would have made buying the median Calif home in 1986. And that includes the 1987 and the 2000-2000 stock crashes. Not to mention, Calif RE has appreciated more than any other area over the past 20 years. You'd have done even worse buying RE elsewhere. The kicker to the commercial: anyone who calls them and applies for a loan will receive a free copy of "Mortgages for Dummies". No comment required. That rock ‘n roll Realtor article is priceless. I love how they say that the rocker’s home will be his/her biggest asset ‘down the road’, yet recommend a neg-am or I/O mortgage.

How will it be a big asset if Mr./Ms. Rocker doesn’t pay anything towards the mortgage? Oh right, I forgot: massive and continuous appreciation.

The Rock N’ Roll Realtors also say “don’t worry, be happy” because you can always re-fi later on. How can you re-fi if you have no equity in the home? Oh right, I forgot: massive and continuous appreciation.

In a similar vein, heard a radio ad here in NorCal for a mortgage/refi seminar that is specialized designed for people with bad credit. Nothing unusual there. I hear them all the time.

Their twist is that they will also teach you how to roll over any 401k or IRA money into Calif RE. “Why invest in stocks and lose money every month when you can invest in the best asset class in the world: Calif RE. If you had put your money in Calif RE 20 years ago, you’d be rich and retired today.”

Get a calculator, bub. If you had invested in a boring stock index fund in 1986, by now you’d have doubled what you would have made buying the median Calif home in 1986. And that includes the 1987 and the 2000-2000 stock crashes. Not to mention, Calif RE has appreciated more than any other area over the past 20 years. You’d have done even worse buying RE elsewhere.

The kicker to the commercial: anyone who calls them and applies for a loan will receive a free copy of “Mortgages for Dummies”.

No comment required.

]]> by: invest3 http://housingbubblecasualty.com/stated-income-loansmy-favorite/#comment-277 Fri, 10 Feb 2006 13:23:46 +0000 http://housingbubblecasualty.com/stated-income-loansmy-favorite/#comment-277 El Scooter De Heffe, Do you think the RTC would have been created if the bust hadn’t occurred? The reason the S&L’s got in trouble in the first place was because they placed their assets in junk bonds and risky RE loans that went south. Peace. El Scooter De Heffe,

Do you think the RTC would have been created if the bust hadn’t occurred? The reason the S&L’s got in trouble in the first place was because they placed their assets in junk bonds and risky RE loans that went south. Peace.

]]> by: SoCalMtgGuy http://housingbubblecasualty.com/stated-income-loansmy-favorite/#comment-276 Fri, 10 Feb 2006 09:32:43 +0000 http://housingbubblecasualty.com/stated-income-loansmy-favorite/#comment-276 Thanks Scooter! You too... SoCalMtgGuy Thanks Scooter!

You too…

SoCalMtgGuy

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