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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Jack of All Trades who wrote (70977)	10/4/2006 2:26:28 PM
From: Lizzie Tudor	Read Replies (2) \| Respond to of 110194

no not fees, the 6% RE commission and lending fees. Starter homes at say 350-400K here (this is silicon valley, these are DUMPS)- 24K in real estate commission Then another home later at say 700-850K which is something livable, another 50K in RE commission and then the loan fees etc on top of that. Many people in the bay area buy $1mm+ homes but if you stay single the 850K is probably fine. I don't know.... the whole system seems inefficient to me. Well with this RE rout we are currently experiencing I expect a total reevaluation of all ratios and rules. Lets see what they come up with. Tighter lending standards for all will depress prices which is a good thing.