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To: illiac

When I sold my house in 99 in DFW I saw red flags.

When I bought it in 84 I had to have 15% down, when I sold it all the lady had to have was a pay stub. She got in for $400.00.


3 posted on 10/02/2012 11:32:59 AM PDT by hadaclueonce (you are paying 12% more for fuel because of Ethanol. Smile big Corn Lobby,)
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To: hadaclueonce

I’m also seeing in MarketWatch that the points being paid to fannie and freddie may go upsignificantly....


7 posted on 10/02/2012 11:35:14 AM PDT by illiac (If we don't change directions soon, we'll get where we're going)
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To: hadaclueonce

I drove by last year. Broke down basketball goal in the driveway. No grass, broken garage door window.

Bet she has the free phone.


9 posted on 10/02/2012 11:35:27 AM PDT by hadaclueonce (you are paying 12% more for fuel because of Ethanol. Smile big Corn Lobby,)
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To: hadaclueonce

You and I sold on the first wave, if you sold in ‘99. I sold in 2002. The “appreciation” (read: speculative premium) achieved by the home 2002 > 2007 was MORE THAN THE ENTIRE AMOUNT I SOLD FOR. I bot: $300K, 1995. I sold $500K 2002. It sold for $850K in 2005 and $1.2 MM in 2007.


13 posted on 10/02/2012 11:38:48 AM PDT by Attention Surplus Disorder (This stuff we're going through now, this is nothing compared to the middle ages.)
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To: hadaclueonce

exactly. It’s good that lenders are being strict now instead of creating a new bubble


31 posted on 10/03/2012 12:47:56 AM PDT by Cronos (**Marriage is about commitment, cohabitation is about convenience.**)
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