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  1. somdrenter

    Can't pay? Just walk away

    :pete: :nomoney: :shrug: :doh:
  2. somdrenter

    Dear folks who wish you owned your own home

    With a mortgage payment of less than $800 a month, I surely hope you've paid off your mortgage...
  3. somdrenter

    Dear folks who wish you owned your own home

    Remember HAMP? http://money.cnn.com/2014/03/04/real_estate/hamp-mortgage-resets/index.html
  4. somdrenter

    Dear folks who wish you owned your own home

    Part deux? Now that we've had all this housing recovery; folks are back to work, have had salary increases to afford home prices without toxic mortgages and loose lending, is there a part 2? The Fed is throttling back (supposedly) and interest rates are rising. Will interest rates ever...
  5. somdrenter

    Today's rant

    You mean folks aren’t camped out on the front yard trying to get their bid in? :nomoney:
  6. somdrenter

    Dear folks who wish you owned your own home

    Home prices fall to 2002 levels Home prices hit a 9-year low - Mar. 27, 2012
  7. somdrenter

    BOA dumps $75Trillion on U.S. Taxpayer

    Bank Of America Dumps $75 Trillion In Derivatives On U.S. Taxpayers With Federal Approval - Seeking Alpha
  8. somdrenter

    BOA dumps $75Trillion on U.S. Taxpayer

    Some perspective. I believe, and correct me if I’m wrong, 2010 US GDP was ~$14T. Global 2010 GDP was ~$63T. And we're on the hook for it. :ohwell:
  9. somdrenter

    BOA dumps $75Trillion on U.S. Taxpayer

    Five Banks Account For 96% Of The $250 Trillion In Outstanding US Derivative Exposure; Is Morgan Stanley Sitting On An FX Derivative Time Bomb? | ZeroHedge
  10. somdrenter

    Dear folks who wish you owned your own home

    I thought we had established that you paid it off in 10 years and your (then) mortgage of under $800 was perhaps not indicative of an over inflated housing market?
  11. somdrenter

    Dear folks who wish you owned your own home

    Heck Mike, with prices attempting to come back to a reasonable range of affordability, maybe more folks will see your under $800 mortgage payment and have the discipline to pay it off in 10 years.
  12. somdrenter

    Dear folks who wish you owned your own home

    Foreclosure sales still pummeling home prices Foreclosure sales still pummeling home prices - Dec. 21, 2011
  13. somdrenter

    Dear folks who wish you owned your own home

    Home sales during housing bust worse than thought Home sales during housing bust worse than thought - Dec. 21, 2011
  14. somdrenter

    Dear folks who wish you owned your own home

    Home prices heading for triple-dip Home prices heading for triple-dip - Oct. 31, 2011 :doh:
  15. somdrenter

    House prices have fallen more than during the GD

    Not soooo fast. Up until 2007 this could have been be the case. If the home was mortgaged and the bank agreed to a short sale, the difference in the amount owed and the sold price was treated as income. Unfortunately, the "Mortgage Forgiveness Debt Relief Act and Debt Cancellation"...
  16. somdrenter

    Local Realtors

    The buyer is the only one writing a check (unless the seller is underwater). Remember, their commission depends on you paying as much as possible for a home.
  17. somdrenter

    Banks repossess 1 million homes in 2010

    Make that x2. With all the rentals coming on the market a few years back, I chose to move to a newer, nicer place at a lower rent.
  18. somdrenter

    Banks repossess 1 million homes in 2010

    That's great Vrai, as I have said before (despite your stawman) if you can afforded it, heck, buy six houses. Buy all you want. But if you choose to purchase at a priced driven up by loose lending and toxic mortgages, please don't be surprised when prices return to fundamentals. Paint? I too...
  19. somdrenter

    Banks repossess 1 million homes in 2010

    I mean come on....the biggest economic disaster since the great depression and you're still using straw man comments? Or is it hyperbole? :buttkick:
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