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<p>Oh IR,</p> <p>I still think you should go for 50% DTI because tomorrow, one of these things may come your way to lower your DTI:</p> <p>1. Interest rates drop a couple of points and you can refi</p> <p>2. If you single, maybe you meet someone who already owns a home, debt free. Or...

<p>blue,</p> <p>Yes, I know their companies sub the housing expenses. These folks do want to purchase homes for their children because the children have strong wish to not go back home. I think it has something today with "freedom" as the desireability factor.</p>

<p>awgee,</p> <p>Someone can call someone else, with the opposing views, a moron. I am sure the idea of ocorbust "a moron" crossed your mind.</p> <p>ocorbust did appologize! I thought only girls are "catty".</p>

<p>ELS,</p> <p>Always a challenge as the foreign government limits the amount to something like $10K/year, IIRC. Another challenge is the foreign government wants to have talents return home so they have these folks sign contract to return. It's difficult to explain to the employer why you...

<p>IR,</p> <p>I bought my first home with 60%DTI and did just fine as far as cash flow (I had median income). If I kept this home, and assuming my income is still median, my DTI would be something like <10%. I guess I am saying you have to start somewhere to get somewhere. </p>

<p>ocorbust is a straight shooter but his/her comments make a lot of sense.</p> <p>Many oversea folks who come here on work visa, dream to purchase a home here for their children. These folks do have millions sitting in the bank back home. The problem is to transport the money into US. I...

<p>IR,</p> <p>The best advice I can give you (because I like you for who you are) is to start identify the home that you like at minimum 50% DTI. Prices have dropped enough, and may drop a little more; at least, you have little competition now, which increase your chance of getting what you...

<p>Tour and Trooper,</p> <p>Appreciate your inputs. I am shopping for a home in West LA that is suitable for raising family, around $1M.</p>

<p>Tourbillon,</p> <p>I am not familar with West LA. Could you please provide the MLS# or Street name for these homes?. Thank you.</p>

<p>Gar,</p> <p>If most of the home owners bought in 2000, then the increase in House Values makes no difference. Interest rate dropped at least 25% in 2003, making payments even lower. </p> <p>I suspect most Irvine home owners are not first time.</p>

HAPPY BIRTHDAY Graphrix!!!!!!

I was there Friday night staring at the massive food selection - just impressive. Since most stuffs there are organic, the shelf lives are within a few days---more frequent trips to the market. Oh, and the cost

<p>bkshopr,</p> <p>You are scaring me too! I too come from a scientific background and does not believe in ghost or spirit stuffs. However, as strange as it sounds, as a re agent, I preview homes. I could swear, each home seems to have some sort of spirit.</p> <p>I bought a home on a...

<p>mino,</p> <p>The landlord only can charge you for damages base on before and after condition through documentation. </p> <p>The landlord has 21 days to return your deposit. Any charges must be in writing and with receipts. </p> <p>If you have any question, call Fair Housing for free...

<p>green_cactus,</p> <p>I could not agree with you more. </p> <p>Most of the REO homes that I analyzed share similar characteristics: 100% financing, non-owner occupied, early default, inflated pricing, unusually high interest rate... And I am not hearing much of any corrective actions...

<p>trrenter,</p> <p>We saw 110% loan, 125% loan. We also saw CD rates at 1%, 1.23%. So, the fed can manipulate any way it wants. </p>

<p>awgee,</p> <p>Many tax codes are ridiculous, so nothing is unusual here.</p> <p>The fed fund rate ties to HELOC rate; therefore, many borrowers can move their debts around. Moreover, ARM indexes follow each other closely.</p>

<p>graphrix,</p> <p>Why are you resisting 1000? </p>

<p>IMO, IRS got its money already from the housing boom; therefore, pardonning debt-forgiveness tax is fair. IRS always gets a big cut from capital gains and comissions, especially from the subprime mortgage brokers, where 7-figure income were many. Oh, and not to forget fine collection from...

<p>RE agents also can see when the home is in or out of escrow, and which agent is representing the buyer.</p> <p>MLS implemented to disallow display of DOM. </p>