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Registered Dec 04, 2008
stocksjustgoup's most recent comments:
- On 23 Jul 2010
The Housing Market is in BIG Trouble,
NEEDED NEW LAWS:
If one is paying cash for a house, they must live in it for six months before they can rent it out.
A lender cannot loan to where the monthly payment is more than 30% of gross monthly income. It's common sense, but it needs to be made a law.
Down payments must be at least 10% and cannot be borrowed.
If someone defaults on their mortgage and the bank elects to sell any deficient amount to a third-party junk debt buyer, the original defaulter must be given the first opportunity to buy the debt for what the third party would pay.
- On 5 May 2010
Morgan Hill Real Estate Predictions,
From Morgan Hill, it can take as little as 25 minutes to go 20 miles north. That'll take you no further than highway 17 up 85, or to maybe a bit past Tully on 101. And this is assuming off-peak commuting (you leave after 9:00). If you are commuting to, say, Sunnyvale, from Morgan Hill, and you want to be at work before 9:00... it won't matter how nice, new, and big your house is... you're gonna end up hating it eventually.
- On 18 Apr 2010
Real Estate Time Bomb Examples in Desirable Areas,
I'm going to be sarcastic with an edge towards totally honest:
These stories are plentiful and I'm sure real, but there are still plenty of people perfectly willing and able to plunk down close to and over a million dollars to buy a 50 year old shack in Cupertino on a dime-sized lot.
There is still obviously a very large contingent of people with tons of money and very little standards.
"It's a big club... and you ain't in it." - George Carlin