Search results

Thank you all for your comments. I am just going to wait it out. I thought quite about my missteps. I am effectively building equity everyday by not buying a house!

I could actually afford to pay her listing and still have a very comfortable cushion but I do not want to. Financing is not a problem for me. I'll probably use a LTV of 70% or a bit less if I want but I think liquidity is important now. Awgee - I do not understand your comment. I do not...

Please respond if you have actually purchased a place using your strategy. I am of course a first time home buyer. I found a place that we believe is overvalued still. Let's use an example: Asking $1mm but we believe the value is more like $850,000. How do we get the seller to arrive at my...

Awgee is right. However, it is unlikely for another brokerage firm to disappear like BS. The FED will simply not let it happen. LEH, ML, and MS will all study what happened to BS and work with the FED to put in any emergency facilities. Problem is how do they announce it. The mere announcement...

Talking about inventory. How long does the foreclosure process typically take? I subscribe to Realtytrac and it looks like there is a 1000+ homes in Irvine in pre-foreclosure, bank owned, or going to be auctioned. Remember all those mortgage resets? Well, like it or not, the increase in mortgage...

Unfortunately, a dollar today in almost all cases is worth less tomorrow. Just got to live with it so you need to know where to deploy your money. Talking about gas prices, I went to Costco the last few weeks and boy the gas pumps stations were lined up. Gee whiz, people are trying to save...

Wake up No_Such_Reality, A commodity boom occurs every now and then and there will be a bust. Similar with housing and everything else. Stuff just do not grow rationally in a nicely upward sloping line. People just get irrationale and speculation takes place. Why don't you take a look at...

Agreed, TR could probably sustain a premium but prices will not be able to hold up. Everyone will do relative value and determine if an extra 10 minute drive is worth a couple hundred thousands. What will drive TR to start selling? Nude brings up the exact same point that I would...

SoCalGal, Warren Buffet did not use leverage and look at him now. The richest person in the world. Bill Gates also didn't use leverage -- of course he came from a wealthy family. Read Buffet's book - The American Capitalist. Great read.

Ukyo116, Sorry, I didn't mean to offend to Japanese. I am just talking about failed fiscal and monetary policies versus a successful one. Nonetheless, anyway you cut it, Japan did a horrible job and required a 0% interest rate for a long, long time to even have minor GDP growth. I...

Awgee Stop taking only certain sentences and make them seem out of context. Again, I think we have a recession but the new TAF and TSLF is needed to avoid a disaster of massive job lost and total carnarge. The Japanese stood around and did nothing when their housing market collapse and are...

I know about muni bonds. IPO was referring to a savings account or CD. I just recently bot a boat load of discount muni closed end funds. With an average discount of 10 percent and dividend yield of 5.5 %. Pretty sweet if you ask me. If you want to play it safe just go buy the vanguard...

I know about muni bonds. IPO was referring to a savings account or CD. I just recently bot a boat load of discount muni closed end funds. With an average discount of 10 percent and dividend yield of 5.5 %. Pretty sweet if you ask me. If you want to play it safe just go buy the vanguard...

What Ipoplaya is explaining is basically financial leverage. Financial leverage creates wealth if you can get an after tax GUARANTEED RETURN greater than your after tax financing costs. This is the same NPV or FV analysis companies do all the time. The issue is that the returns are not...

IPO, you got an awesome website. Keep up the great work. I absolutely love it.

It is essentially financial leverage and diversification. But leverage is good only if you do not need to worry about mark-to-market risk or you have a very sustainable cashflow stream to pay the fix cost. Nonetheless, lower debt balance with higher coupon is better than a higher debt...

I agree that this would be a very bad recession. Probably more like the 1970s situation than the early 90s or early 2000s. It will not be as as bad as the Great Depression given the monetary and fiscal policies put into place currently. The new TAF and TSLF initiatives to control 28-days term...

Ipoplaya, That is my point - it is a free option for you as a borrower to refi if rates are lower. A free option is better than no option. I am not saying that rates will trend lower ten years from now - even tho it did today. You totally missed my point on #2. #2 is another argument...

Superwrat, It looks like there are two other homes on the market - Charity and another Ascension. Charity appears to have been in the market since Sept 07 - wow. Called my agent on this one... and it looks like it has fallen thru escrow multiple times... ouch. Not knowing that much...

I checked out a corner house there like 4 months ago? 21 Ascension or something like that. The guards are so lenient - maybe they have too many students coming in and out. Anyhow, it seems like a very nice place but the guard gate is a joke and is almost non-existent other than the long lines...