Mortgage officially approved and authorized

Post #97,305 by cwbrenn 4/18/03 3:02:29 PM Reply	Mortgage officially approved and authorized which means that all I need to do now as actually show up on closing with the money. collapses in releif Not that there was any real danger of the mortgage not being authorized, but the waiting, it drives you mad. "We are all born originals -- why is it so many of us die copies?" - Edward Young
Post #97,308 by a6l6e6x 4/18/03 3:08:20 PM Reply	Very good! Now, you can relax. Alex Men never do evil so completely and cheerfully as when they do it from religious conviction. -- Blaise Pascal (1623-1662)
Post #97,334 by dmarker 4/18/03 6:04:12 PM Reply	Good news - soon be able to say 'home is mine (& banks)' A question - but first a lead-in. Here in Oz we are seeing Home unit & Apartment prices stall, it is believed they may even be declining slightly due to massive oversupply. Rents for these type of properties are well under what is reasonable for the going purchase prices. Q. Are any of you seeing this as a trend in US ? Q. Has the market their for same type of properties already gone down ? Re Houses. We have been seeing them go up for the past 2 years. They seem to be levelling out but not declining like units/apartments. Q. How is housing market in general there (allowing for regional quirks) ? Cheers Doug Marker Spectres from our past: Beware the future when your children & theirs come after you for what you may have been willing to condone today - dsm 2003 Motivational: When performing activities, ask yourself if the person you most want to be would do, or say, it - dsm 2003
Post #97,382 by cwbrenn 4/19/03 12:37:00 PM Reply	Sorta Rents have been falling through the floor because of oversupply, I think. Especially in areas where the tech market was hurt most. House prices haven't been rising, but houses have been selling like mad, due to the really low interest rates. Actually, because the US is so freaking big I think it depends on what part of it -- up here in Albany it's definately a seller's market, in Raleigh it was a buyers market all the way. "We are all born originals -- why is it so many of us die copies?" - Edward Young
Post #97,793 by tuberculosis 4/22/03 4:13:26 AM Reply	Cousin is real estate broker in Tampa area - in past years she has cleared over $200k. Her take home for 2003 so far? Zip. I don't believe this is a tech-specific depression anymore. Who is doing well? Apart from the fat cats with the bonuses for hosing their companies I mean. I've got sufficient cash for 6 months - then I start dumping possessions on the market. My job hunt has produced exactly 4 calls. All short term contracts (6 months or less) that haven't quite gelled yet at rates lower than my last perm salary. "Packed like lemmings into shiny metal boxes. Contestants in a suicidal race." - Synchronicity II - The Police
Post #97,796 by deSitter 4/22/03 4:21:26 AM Reply	My Boss ..owner of a family business of 140 years - overheard him today saying "I can never remember in 35 years at this place, hearing the phones so quiet. Where is everyone?" He's a die-hard, long-time Republican. He listens to Rush all day. I heard him call Bush a "cocksucker". We have a long time, dedicated customer base. They have no money in their budgets. This is very, very bad, and it will not get better. The Repo tax rape is going to utterly destroy what is left of the economy. It will require years to get out of this. -drl Light is heavy: R{} = (2R/W)T - (1/2W){D-2,D-2}W Heavy is light: (D-3)(RF[] + 5/4 g) = 0
Post #97,359 by Steve Lowe 4/19/03 12:55:37 AM Reply	Closed on ours today After having been put off no less than 5 times (original date was 3/28). And yes, we've been going mad. In both senses of the word. Understand your relief, congrats! ----- Steve
Post #97,421 by gdaustin 4/20/03 10:24:28 AM Reply	Our refinance goes to funding this week... We signed the paperwork last Wednesday. Saturday was the last day we could back out. The paperwork starts flying on Monday to make it real. Hopefully by Wednesday or Thursday all the old lenders will be paid and the new loan will be in effect. Glen Austin
Post #97,423 by ben_tilly 4/20/03 10:39:03 AM Reply	reading this thread.... I am wondering if anyone remembers some of our [link\|http://z.iwethey.org/forums/render/content/show?contentid=54568\|past discussion] on the topic of refinancing and debt levels... Cheers, Ben "good ideas and bad code build communities, the other three combinations do not" - [link\|http://archives.real-time.com/pipermail/cocoon-devel/2000-October/003023.html\|Stefano Mazzocchi]
Post #97,431 by cwbrenn 4/20/03 1:12:49 PM Reply	Gotta live somewhere... and since renting is not an option, given the pets we have, it's time to buy. If it all falls apart in the future, then that sucks. But it's not like we're buying something we can't afford to make payments on... "We are all born originals -- why is it so many of us die copies?" - Edward Young
Post #97,432 by ben_tilly 4/20/03 1:21:59 PM Reply	True But did you buy more than you would have, because you can afford it right now? Are the people who are refinancing taking advantage of the opportunity to get cash back? Whether or not they are, the fact is that many people are doing these things, and the aggregate effect of this is good short term and possibly scary long term. Cheers, Ben "good ideas and bad code build communities, the other three combinations do not" - [link\|http://archives.real-time.com/pipermail/cocoon-devel/2000-October/003023.html\|Stefano Mazzocchi]
Post #97,498 by cwbrenn 4/21/03 12:06:40 AM Reply	We're actually paying less than I expected. We basically got more house for less money than what I expected to pay for a smaller house. In other words, what is known as A Good Deal, as far as I can tell... "We are all born originals -- why is it so many of us die copies?" - Edward Young
Post #97,504 by deSitter 4/21/03 12:20:15 AM Reply	How are you getting on with the "upstaters"? I thought they were very good folks. -drl (Dm - 2Am)(Rmn + 1/2gmn R + 1/2Fmn) = 0
Post #97,515 by cwbrenn 4/21/03 1:09:02 AM Reply	Yeah, it's funny. I mean, down south you hear about how rude the northerners are, but so far everyone around here has been really friendly. They do drive more aggressively, though. :) "We are all born originals -- why is it so many of us die copies?" - Edward Young
Post #97,516 by Andrew Grygus 4/21/03 1:18:29 AM Reply	As one who practically lives on . . . . . The freeways of Los Angeles County, I have driven in the North East, and "aggressive" is not the term I would use. I know "aggressive", I do that, every day, and that's not what they do there. I prefer to stay here where the drivers are relativeley sane. [link\|http://www.aaxnet.com\|AAx]
Post #97,519 by kmself 4/21/03 2:37:34 AM Reply	You can't scratch... ...rust. \r\n\r\n Or more to the point, you don't care if you do. Cars with paint intact (and their owners' egos) stand no chance against the frigid north rustbuckets. --\r\n Karsten M. Self [link\|mailto:kmself@ix.netcom.com\|kmself@ix.netcom.com]\r\n [link\|http://kmself.home.netcom.com/\|http://kmself.home.netcom.com/]\r\n What part of "gestalt" don't you understand?\r\n [link\|http://twiki.iwethey.org/twiki/bin/view/Main/\|TWikIWETHEY] -- an experiment in collective intelligence. Stupidity. Whatever.\r\n \r\n Keep software free. Oppose the CBDTPA. Kill S.2048 dead.\r\n[link\|http://www.eff.org/alerts/20020322_eff_cbdtpa_alert.html\|http://www.eff.org/alerts/20020322_eff_cbdtpa_alert.html]\r\n
Post #97,521 by Andrew Grygus 4/21/03 3:14:37 AM Reply	Scratching rust is one thing . . . . but you still wouldn't drive like that here unless your ambition was to be a hood ornament for an 18 wheeler in your next life. [link\|http://www.aaxnet.com\|AAx]
Post #97,527 by cwbrenn 4/21/03 6:50:04 AM Reply	I just won't drive out west, then because the northerners drive plenty aggressive for my tastes. :) "We are all born originals -- why is it so many of us die copies?" - Edward Young
Post #97,549 by deSitter 4/21/03 9:54:10 AM Reply	Re: I just won't drive out west, then On MA 128 around Boston, they drive in the breakdown lane - I shit you not. -drl (Dm - 2Am)(Rmn + 1/2gmn R + 1/2Fmn) = 0
Post #97,462 by gdaustin 4/20/03 8:51:52 PM Reply	But, our house payment is only about 1/4 of bring home We have lots of "extra" expenses that could be eliminated prior to the mortgage. Things like 2 cell phone, a car payment ( which could be paid off in cash right now ), AOL and broadband internet, security system, housekeeper every two weeks. I can come up with $1,000 a month in savings, if we would chose to get rid of cell phones and stop the kids' extra activities ( gym, soccer, baseball ), housekeeper, etc. What I fear most is not less income, but none at all. Even at a "burn rate" reduced by $1,000 a month, we would chew through most everything in about 6-8 months, depending on how quickly we could cut back. I do think that the job market is trying to remake itself about 25% less expensive than pre 2000 levels. Airline pilots/flight attendants/mechanics are taking 23% pay cuts. That is similar to what I see high tech jobs being "offered" at. It just seems that the big kahunas that run the country must want everyone to live at 25% less. We could do it, but a lot of extras would fall by the wayside. Life insurance, for example. So, I'm trying to figure out if the 25% reduction is an "across the economy" thing, or just in selected pockets where jobs are scarce and candidates are abundant. Glen Austin
Post #97,476 by ben_tilly 4/20/03 10:52:20 PM Reply	If I guess the motivation of the people in power right... 25% is the first installment in bringing the US in line with conditions elsewhere in the world. Conditions which the WTO wouldn't mind worstening. Cynical? Me? Why, thank you. Cheers, Ben "good ideas and bad code build communities, the other three combinations do not" - [link\|http://archives.real-time.com/pipermail/cocoon-devel/2000-October/003023.html\|Stefano Mazzocchi]
Post #97,491 by inthane-chan 4/20/03 11:31:21 PM Reply	One one hand... ...it is very enlightening and educational to read your posts, Ben, and I hope you don't stop. On the other hand, you're scaring the holy SHIT out of me, Ben, and I wish you weren't right so much... After 9/11, Bush made two statements: 1. "Terrorists hate America because America is a land of freedom and opportunity." 2. "We intend to attack the root causes of terrorism." Sounds like everything is going according to plan.
Post #97,512 by ben_tilly 4/21/03 12:45:33 AM Reply	Don't jinx me... OTOH considering what I have written lately, perhaps a jinx would be a very, very good thing. ;-) Thanks for the compliment. Cheers, Ben "good ideas and bad code build communities, the other three combinations do not" - [link\|http://archives.real-time.com/pipermail/cocoon-devel/2000-October/003023.html\|Stefano Mazzocchi]

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