Yes it does. Net negative worth has absolutely nothing to do with whether or not you can make your payments. There are no margin calls on...
Hey, RedManPlus+, how is your poker bot coming?
Which builder in which area? 50k may be nothing, and may be made up by April 2008. Or, it may be the beginning of a much larger slide. In...
I am not talking about closing costs. I am talking about the price of the home. I'm talking about a six figure discrepancy in the actual price...
Can you point me to the actual law about this? If what you are saying is true, I have enough information, in print, for a cut and dried conviction.
I've seen the contracts with my own two eyes. But I'm not sure why it defrauds the lender. The loan is made for the real price minus downpayment.
This is getting interesting. I just checked the County Clerk records against sales prices I know for a fact, and they do not match. I wonder...
I don't know that that isn't true of "bank appraisers". But I know appraisers who say they don't know the price of incentives, and don't consider...
That's quite an assumption. Except in certain bizarre markets like possibly LV, a more reasonable assumption is that there is a growing pool of...
No, because the homebuilders do not have to disclose so-called "incentives" which are really just price cuts. Sales in a nearby new development...
I believe the average American net worth is already negative. So your point is what?
Don't worry, another 75% and you can afford your 900 sq ft dream home. These kind of blanket statements are useless. Some areas may still have...
They already are. And it depends on where you are in Cali. The outer edges of the desirable areas have already imploded and are being sold off...
Exactly. It is now possible in certain area to pick up new construction below builder cost. I am interested to hear how the fundamentals will...
Considering 30-40% drops are already in place in parts of CA, 50% would mean we're very near the bottom. So, big effing deal.
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