Search results

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...

If a seller nets more cash from their sale due to higher capital gains exemptions, the resulting higher down payment will mute the impact of higher rates - assuming the seller buys another home promptly. Some might want to wait for lower rates/prices to appear before stepping back into housing...

VA, FHA, and ARM loans (Conventional and Portfolio) are all assumable. It would be legally impossible to make all 2019-2021 fixed rate loans in the 3's assumable. Bearing that in mind, the bigger "bang for the buck" in terms of opening up more inventory isn't necessarily lower rates. IMHO it...

RMV as the next Irvine??? That's some hardcore stuff realtors are sniffing to even hint about that kind of comparison. RMV is the furthest one can get from employment centers without needing to work in Lake Elsinore. Sure, it's new, and it's nice, but few retail options and a stranglehold of a...

Made me think of the lyrics to an old 1960's TV show.... They call him Flipper, Flipper, faster than lightning, No-one you see, is smarter than he...

My favorite listing is back for another turn of a rinse cycle. So.... last info in original post had the home listed for sale in January 2022 at $1.78M . It closed in March 2022 for $1.8M The home was listed again in June 2024 for $1.97M but removed a day later. Odd, but dare I say, this whole...

$208,500,000 is the benefit pool (as per website) Assume the attorney's get 30% with fees and taxes taking another $10m off the top. If 100,000 people apply, the net net benefit sometime in 2026 is around $1,300 or so to each claimant. Will this penalty change anything for the better when it...

The Bizzy is barely a step up from the Chevy Bolt. As long as you realize that up front, it's a pretty surprising deal. Toyota seems first to the fire exit door.

Thank you for your service. Buy VA at a high rate today, and keep refinancing using the VA IRRL process. VA rates are better than Agency and Non Confirming Jumbos so you've got that in your favor. On the other hand, your Realtor will need to educate the listing agent and the Seller that VA...

I know many on this thread sneers at leases, but this came across my radar today: Toyota appears desperate to off-load their BZ4X EV model by leasing at $129 per month, $1,990 down so, effectively $184 per month, 12k miles per year, for 36 months. They also are throwing in 1 year free charging...

Yes. Fixed 2nd loans have higher rates than HELOC's. Traditional Agency 1st TDs cannot be used as purchase money 2nds. You might be able to convince the seller to carry a 2nd, (6-7% rate would be attractive...) but again, you're going against simpler offers or all cash when hoping to buy a...

It's possible, however HELOCs for purchases are limited to 75-80 Combined LTV. The rate on a HELOC may be 8-9% negating some of the benefits of the assumable 1st. This assumes also that during the purchase the seller doesn't have an "all cash, quick closing" offer that will most likely push any...

MOD Pizza's out as well... https://www.foxbusiness.com/lifestyle/pizza-shop-closes-california-locations-before-minimum-wage-law-took-effect Part of the last few paragraphs of the article are about a 29 year old driver who was let go by Pizza Hut in February. He had worked for The Hut for "a...

Even if your home has solar electricity generated, everyone is still highly dependent on ICE's. From diesel or natgas generation of electricity, to delivery the trucks of EV's, to lithium strip mining diggers, the EV world still tied tightly to ICE's. I got zero issue if a person wants an EV...

With ARM's (after fixed period expires - minimum vintage 2019 origination date), FHA ( low loan limits mean primarily used for condo financing) and the exceedingly rare VA deal, it's going to be pretty slim pickings for Irvine. Given the very high down payments and rapid appreciation, if there...

Wonder what the "vig" is on the large cash moves like this deal would require. Example: If $1m USD is needed to be washed out of the PRC, do these folks need $1.25m to run through the spin cycle so as to net $1m? I'd think that amount would be broken up of course into 30-40 smaller wires (...

If my conversion calculations are correct, it's going to be pretty hard to launder $38m RMB (NET!) to pay for this $5m USD home.

Now we know where all that excess dealer inventory of EV's are headed..... https://gizmodo.com/disneyland-autopia-ride-electric-cars-tomorrowland-1851382536