Recent content by sgip

The The only way forward is the quality of your Realtor. A strong, well connected Realtor through the crafting of a solid offer, one who pre-resolves stumbling blocks with the listing agent prior to your offer being submitted, can often get an FHA/VA, even a Bond Loan purchase accepted by a...

In some ways. Wells for many years said they would fund FHA and VA loans at a 620 FICO minimum. In early 2023 that dropped to 580. (Not sure where they are today) loanDepot has always done FHA/VA loans with low FICO scores so why advertise your specialized training and concierge service for...

Government insured loans (FHA/VA) are essentially risk free to the lenders who write them. They are more valuable to investors and servicing companies who will pay a larger premium for this level of security of return. A bank might find 5k in value on a $100k conventional loan, but $15k or more...

Let's check back in 18-24 months and see... I'm thinking that no matter the MR/HOA/price or those wretched 3 story floorplans, it it's within the borders of IUSD, anything will sell and at a premium.

Even areas outside of Irvine are dominated by cash buyers according to the Realtors I've spoken with lately. Investor buys come in second, with financed pulling up in third place. As a note, VA and FHA loans have significant value to lenders, almost 3x the income of a conventional loan. Wells...

Memory holing is a tried and true socialist tactic. Nothing here to see, comrade.

Steven Thomas's data is often more junk than science. How 2017-2019 compares to our market 5 years later is incomprehensible. If anything a 2020-2023 average would be more appropriate.

Interesting story on insurance issues impacting Florida sales. We here in Cali are just beginning to see what insurance problems can really do to a market. https://www.redfin.com/news/housing-market-tracker-march-2024/

From the Forbes article: "Biden administration’s main capital gains rate increase, and only apply to those individuals with taxable income above $1 million and investment income above $400,000. That isn’t quite as cataclysmic a policy shift as referring to a blanket 44.6% long-term capital...

These vehicles are trailer queens, never to see any more dirt on them that a quality detailer can't take off in a single wash. Terrible on the asphalt and tires of course, and God bless any souls these heavyweights happen to T-Bone, but hey, they're doing their part to combat climate change so...

Bought at $100k under list. Sold at $90k over list. Given the "gingerbreading" done to the property (no significant improvements like SF/Solar/yardwork, etc) that probably ran under $200k, Shuyin Investments, LLC did well, netting about $500k or so after every possible expense. MAX ROI!! BAY BEEE

Who will weigh more? Hummer EV (about 5 tons or 2.5 Model 3's) Range Rover EV (3.8 tons ICE, EV-TBD) Mercedes EV. (3 tons TBD Estimated) My guess is the Hummer EV will continue to outweigh any passenger car on the road, but the G-Wagon might come pretty close. Imagine what a RR Cullinan EV...

Given the systemic reliability issues Rovers are famous for, I'd be very cautious as a 1st gen buyer. As it's been said before: "The only reason why the English have never built a electric vehicle is because they couldn't figure out how to make it leak oil."

Thanks @Querty! Great stuff here! I view the $127,875 not as 5.1% of the sales price, but 12.8% of your $1m profits! The net from sale, assuming the mortgage is paid down to $875,000 would be $872,125 ($1.125m equity from sale, less closing costs - $125,000 and taxes - $127,875 equals...

@qwerty Thanks for the number run. Assuming a 2019 $1.5m purchase using a $1m mortgage ($500k down), and a $2.5m sale, what would the current estimated tax penalty be? I'm using a 3.0% 30 yr fixed at origination so about an $878k balance as of today. My guess is that this is closer to the...