elgordoboy
Beach Fanatic
Paraphrasing a fave movie line..dsilvar treats real estate like women man.
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Housing Market hits bottom according to NAR.
- Thread starter livingiSoWal
- Start date
SHELLY
SoWal Insider
Bobby J
Beach Fanatic
....and so did the people who were selling Beanie Babies.
Tom-ay-to, To-mah-to.
.
What? Beanie babies are not huge? You dream popper!
SHELLY
SoWal Insider
Last edited:
livingiSoWal
Beach Lover
I heard the bell this morning bobby.
Shelley wrote:
The credit situation is more serious than folks imagine or are willing to admit. The majority of housing isn't going anywhere but down and sideways until that is straightened out. How the housing market performs is now in the hands of well-financed, pragmatic people--and they're in no rush to buy.
Good point Shelley.
From what I have been reading it would seem that in future, a buyer who puts up less than 30-40% equity (or wants to finance more than 70%) will face some additional charges and fees and may also have a higher interest loan.
I would think that the largest demographic of potential buyers for SoWal properties would not have had any credit problems under even the strictest of yesterday's standards but if these new rules come into effect it will reduce the size of this demographic considerably. I would think that an additional $200 to $400 a month for food, heating/cooling, gasoline etc. will be another important aggravating factor
The credit situation is more serious than folks imagine or are willing to admit. The majority of housing isn't going anywhere but down and sideways until that is straightened out. How the housing market performs is now in the hands of well-financed, pragmatic people--and they're in no rush to buy.
Good point Shelley.
From what I have been reading it would seem that in future, a buyer who puts up less than 30-40% equity (or wants to finance more than 70%) will face some additional charges and fees and may also have a higher interest loan.
I would think that the largest demographic of potential buyers for SoWal properties would not have had any credit problems under even the strictest of yesterday's standards but if these new rules come into effect it will reduce the size of this demographic considerably. I would think that an additional $200 to $400 a month for food, heating/cooling, gasoline etc. will be another important aggravating factor