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Strategies & Market Trends
The Residential Real Estate Crash Index
An SI Board Since June 2001
Posts SubjectMarks Bans Symbol
306849 644 0 $HGX
Emcee:  patron_anejo_por_favor Type:  Unmoderated
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1775Exactly. And frankly, as one who has done it (gifter, not the giftee) I see notMulhollandDrive2/21/2002
1774Very true Tradelight ...Know of several prominent local lawyers who have been cPatricia2/21/2002
1773>Some buyers put the least amount down, and some put the most they are able tVS2/21/2002
1772Thanks for you financial history.SouthFloridaGuy2/21/2002
1771>>That's a no-no. << Of course! But it happens. And people doMulhollandDrive2/21/2002
1770Didn't say gifts are a no-no. Borrowed down payments are a no-no in certainTradelite2/21/2002
1769>How can rental vacancy be cyclical? population growth is exponential... DO pVS2/21/2002
1768Trader, I agree that is a no-no with gifts, but in my area, it is a practice thaPatricia2/21/2002
1767<First rule of real estate is location, location, location> I agree and IJoanP2/21/2002
1766>>What part of "a portion" did you not understand? What part ofJakeStraw2/21/2002
1765What part of "a portion" did you not understand? Of course people savMulhollandDrive2/21/2002
1764Also, Mrs. Peel, you seem to be indicating that buyers might lie on their loan aTradelite2/21/2002
1763True Mrs. Peel Gifting money(really borrowed for down payment) is a practice thPatricia2/21/2002
1762>>that many, many people either borrow or are gifted all or a portion of tJakeStraw2/21/2002
1761Of course I know about gifts. But the first-time homebuyer using certain types Tradelite2/21/2002
1760Please be aware (as I'm sure you must be if you are in the real estate businMulhollandDrive2/21/2002
1759Good post David. In my area, young couples buy a home and take in a renter to hPatricia2/21/2002
1758Excellent post David..I've been trying to make the same point and you'veMulhollandDrive2/21/2002
1757There are some banks in Chicagoland who would not give a mortgage unless you putPatricia2/21/2002
1756I put 20% down on my current home 6 months ago.HiSpeed2/21/2002
1755Agree. Some people are cash-rich and income-poor, so will put down whatever it Tradelite2/21/2002
1754Some buyers put the least amount down, and some put the most they are able to puJakeStraw2/21/2002
17531) I don't know you. 2) Not sure where you're living, but if you boughtSouthFloridaGuy2/21/2002
1752<<don't know anybody who has put 20 percent down>> I too, thinkTradelite2/21/2002
1751>>"don't know anybody who has put 20% down" I know a lot ofJakeStraw2/21/2002
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