On the coasts, rents & mortgages are no longer connected

IWETHEY v. 0.3.0 | TODO

1,095 registered users | 0 active users | 0 LpH | Statistics
Login | Create New User

Welcome to IWETHEY!

Post #220,104 by tonytib 8/19/05 11:26:00 AM Reply	On the coasts, rents & mortgages are no longer connected so that's one reason why many think we're in a housing bubble. Also, look at the percents for various types of mortages; in prime bubble areas, the riskier loans are common, e.g. this year SFBA I/O loans are over 50% of new mortages. Tony
Post #220,124 by Andrew Grygus 8/19/05 1:14:22 PM Reply	They are very much connected Money is being concentrated into fewer and fewer pockets and those pockets need to do something with it. The wealthy are competing with each other to buy homes, driving the price of homes way up. They must do something with those homes and about all you can do with them is rent them out. This has resulted in a glut of homes for rent with rusulting downward pressure on rent. [link\|http://www.aaxnet.com\|AAx]
Post #220,127 by tonytib 8/19/05 1:37:11 PM Reply	Partially right The truly wealthy have reduced real instate investments. However, there is a lot of speculation in real estate, people buying homes based on assuming that the price will go up. That's the only way an I/O loan makes sense. And it's not the wealthy that are taking out all those I/O loans here; my guess is that it's a mix of speculators and people feeling "If I don't buy now I'll never be able to buy, and I'll be able to refinance in five years". Only time will tell what happens, but it seems a lot like the dot-bomb boom to me. Tony

Forget it. - (inthane-chan) - (27) - Aug. 19, 2005, 10:18:28 AM EDT

Housing goes in cycles. - (Another Scott) - Aug. 18, 2005, 10:06:43 PM EDT

at 3 months shy of the 50 been there my entire adult life - (boxley) - (1) - Aug. 18, 2005, 10:26:17 PM EDT

Well said. You're fortunate to have been able to do that. -NT - (Another Scott) - Aug. 18, 2005, 11:44:51 PM EDT

Note... - (ben_tilly) - (14) - Aug. 18, 2005, 10:29:39 PM EDT

My wife's mother was 42 when she was born in 1961. - (Another Scott) - (10) - Aug. 18, 2005, 11:30:45 PM EDT

Re: My wife's mother was 42 when she was born in 1961. - (pwhysall) - (7) - Aug. 18, 2005, 11:32:34 PM EDT

They ain't called "tax deductions" for nothin' :) - (imqwerky) - (2) - Aug. 18, 2005, 11:35:05 PM EDT

Not in the UK, you don't. -NT - (pwhysall) - (1) - Aug. 18, 2005, 11:39:22 PM EDT

Sux 2BU :-D -NT - (imqwerky) - Aug. 18, 2005, 11:51:00 PM EDT

Yup. - (Another Scott) - (3) - Aug. 18, 2005, 11:42:43 PM EDT

Teenagers shouldn't have to care for their parents, imho - (pwhysall) - (2) - Aug. 18, 2005, 11:48:17 PM EDT

People are living too long. - (Another Scott) - (1) - Aug. 19, 2005, 12:09:08 AM EDT

lrpd 1-10 please -NT - (boxley) - Aug. 19, 2005, 07:57:34 AM EDT

ObCRC-ism: - (jb4) - (1) - Aug. 19, 2005, 09:38:05 AM EDT

Erg. - (Another Scott) - Aug. 19, 2005, 10:02:03 AM EDT

On the coasts, rents & mortgages are no longer connected - (tonytib) - (2) - Aug. 19, 2005, 11:26:00 AM EDT

They are very much connected - (Andrew Grygus) - (1) - Aug. 19, 2005, 01:14:22 PM EDT

Partially right - (tonytib) - Aug. 19, 2005, 01:37:11 PM EDT

What Box said - (pwhysall) - Aug. 18, 2005, 11:01:06 PM EDT

Amy chimes in - (imqwerky) - Aug. 18, 2005, 11:31:28 PM EDT

? - (Another Scott) - (5) - Aug. 19, 2005, 10:57:51 AM EDT

I know what the problem is. - (inthane-chan) - (4) - Aug. 19, 2005, 11:40:03 AM EDT

what are the quals for psycologists in other states - (boxley) - (2) - Aug. 19, 2005, 11:48:07 AM EDT

Re: what are the quals for psycologists in other states - (inthane-chan) - (1) - Aug. 19, 2005, 12:53:07 PM EDT

reason to stay for sure -NT - (boxley) - Aug. 19, 2005, 01:36:36 PM EDT

I assume you're deducting that interest. - (Another Scott) - Aug. 19, 2005, 03:39:34 PM EDT

Dude - just buy something - (tuberculosis) - Aug. 19, 2005, 12:14:23 PM EDT

That’s a great, great story. Therefore, it’s too good to be true.
76 ms