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sfbubblebuyer
@
2007 Mar 12, 5:31am
Q: Do you think that all the houses that have just gone pending on the MLS will loose their funding and go back on the market?
Good question. Probably not ALL of them. If my wife and I had offered and been accepted on one of those, we'd almost certainly get our funding, and I'm sure there are other gainfully employed people with downpayments buying right now with 20+% down and enough salary to actually afford the overpriced crapboxes. A better question is... what percentage of accepted offers are going to lose funding before close?
I'm guessing 20%, and it will peak in August at 45%, and start falling precipitously in September, mainly because very few subprime loans will even be submitted for approval by lenders. Then we'll get down to 5-10% through Q1 2008 as lenders finish their 'tightening' in the Alt-A and Prime markets.
Q: How worried are you that whatever the government does to 'bail' the industry will hit the JBRs for a goodly precentage of their saved cash, through stock/inflation/tax/etc? (say, more than 5%)?
Q: How worried are you that whatever the government does to ‘bail’ the industry will hit the JBRs for a goodly precentage of their saved cash, through stock/inflation/tax/etc? (say, more than 5%)?
VERY worried. See next thread.
This thread is now closed. Thank you all for your great response.
I'll save "Ask a FB" for another lazy weekend.
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This is a creative writing thread. All posts should be treated as entertainment and do not constitute advice.
Every post here (except for for this one) will answer the previous post's question and ask one new question. You can also post on other topics IN ADDITION to the one answer and one question format.
Sample Q: Dear JBR: Help! My mortgage payment just jumped from $2,000/month to $6,000/month, what should I do? -- Dangerously ARMed
Sample A: You should sell blood. And bury ten St. Joseph statutes. And eat lots of ramen.
Q: Dear JBR: My wife just quit her receptionist position to sell Amway products. How do I deduct for home office space? -- Deduction Minded
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