The Residential Real Estate Crash Index Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Crash Index

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Live2Sail who wrote (87100)	8/26/2007 9:28:58 AM
From: Pogeu Mahone	Read Replies (1) of 306849

No you won't!!!!!!!!!!!!!! If you get 10% down lenders say no thanks, the property could lose more then that in an instant. If you try you will find out you are wrong in spades! ======================== Lizzie, Why 30+% down? I'm sure that there are plenty of places to find jumbo loans. The question is what is the rate? Hell, I'll loan 500k if I can get 10%. Anybody need a jumbo? The rates at Wells Fargo have jumped from 6.8ish to 8ish from the bank. People who don't have $1M to drop on a house are reworking their spreadsheets to see if they can afford their mortgage, daycare, and Hawaiian vacations. Otherwise, they sit out and hope the prices go down. Buh-bye meals at French Laundry, Masa's, and Gary Danko.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next