| stocksjustgoup
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Registered Dec 04, 2008
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stocksjustgoup's most recent comments:
- On 23 Jul 2010
in
The Housing Market is in BIG Trouble,
stocksjustgoup said:
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
in
Morgan Hill Real Estate Predictions,
stocksjustgoup said:
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
in
Real Estate Time Bomb Examples in Desirable Areas,
stocksjustgoup said:
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
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