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For the Real Estate Drop in sales and price Naysayers HOLD ONTO YOUR HATS

PaPaG

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I would not trust either. As has been pointed out already, they all have different agendas.
To some degree I agree, If I had to trust one over the other I would trust the company sending memos to their high end clients vs a msn article. Just my Opinion.
 

LargeOrangeFont

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I knew the board "Know it All" LOF would be in here to post the second I post anything contradictory to his expert opinion lol lol
Seems like you can’t even get yore own opinion straight today.

Good luck 😀
 

PaPaG

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Seems like you can’t even get yore own opinion straight today.

Good luck 😀
AWW little LOF got offended lol...opinions change just like assholes lol. Anyone that does not change opinion, view or update information is an idiot in the investing world...for you your opinion or view never changes, Enough said lol...
 

RiverDave

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I know this is strictly anecdotal, but I receive a daily email from one of team RDP’s real estate competitors. It shows the daily total in homes for sale, homes sold, homes under contract and price reductions.

I must say I’ve seen an increase in properties sold over the past couple of weeks. Perhaps people are buying again now that the holidays are over?

You cheating on me? :oops:

That said yes things are moving again in LHC.. Nothing compared to covid obviously, but the phones are ringing and most of our agents are out showing properties again.

(Daily e-mail? Good Lord... I could see weekly?)

RD
 

HNL2LHC

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It sounds like yore son who I had the pleasure meeting last month can afford to pay more because he is successful, so he should!
Now I understand why no one likes you!!!!! 🖕🖕🖕🖕🖕🖕










🤣🤣🤣🤣🤣😘 When are you going to be in town next? I need to have someone show me a new route around town. 👍
 

LargeOrangeFont

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AWW little LOF got offended lol...opinions change just like assholes lol. Anyone that does not change opinion, view or update information is an idiot in the investing world...for you your opinion or view never changes, Enough said lol...

You mean like someone telling people to hold their hats non stop for nearly a year? 🤪
 

HNL2LHC

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You mean like someone telling people to hold their hats non stop for nearly a year? 🤪
It has only been 7 months. That is not almost a year. Maybe rephrase to just over half a year. 🤪🤪🤪🤪

Opops meant to send as text….LOL
 

LargeOrangeFont

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Now I understand why no one likes you!!!!! 🖕🖕🖕🖕🖕🖕










🤣🤣🤣🤣🤣😘 When are you going to be in town next? I need to have someone show me a new route around town. 👍

Probably in a few weeks! I’ll let you know when I get something locked down. That would be fun.
 

PaPaG

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You mean like someone telling people to hold their hats non stop for nearly a year? 🤪
You cannot stand being called out, and you always like lying about facts...NEARLY A YEAR? More like 6-7 months, so your math is incorrect as usual. Keep trying genius.
 

LargeOrangeFont

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It has only been 7 months. That is not almost a year. Maybe rephrase to just over half a year. 🤪🤪🤪🤪

Opops meant to send as text….LOL

There were other hat holding threads before this one 😂

The OMG sell right now the end is near thread was the prologue to this one.
 

OldSchoolBoats

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DTI = Debit To Income for some that might not know the term.

So Joe if I am understand you….are you saying that they are penalizing those in good standing when in the past they gave better rates to those of us who did the right thing? We are typically the ones putting down 20% or more with good credit scores. Even our son who is the next purchase for is in the 750+ credit score. In the past we got more favorable rates because of this. Are they now going to ding our son for what was good in the past? Rules of the game are changiNg and I need to know how best to play the game with the new rules. 👍

The lesser down payments are better rates because of the mortgage insurance being their to hedge the risk. Yes, they are penalizing good borrowers. All part of the plan to move the country to socialism.
 

attitude

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How is inflation going to affect home prices? The .gov website show inflation as 18% from 2019-2022.

If home prices fall 25% to pre covid prices does that mean people who bought in 2019 lost 18% of their cash value or does that mean inflation has come down and they only lost 7%?
 

LargeOrangeFont

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You cannot stand being called out, and you always like lying about facts...NEARLY A YEAR? More like 6-7 months, so your math is incorrect as usual. Keep trying genius.
See above pops. This isn’t your first thread on this.

I don’t think you’ve ever called me out on anything, you just start tap dancing when questioned and celebrate that you’ve hurt the person’s feelings that challenges your thinking.

Just like today.. your only question on a contradictory article to your info was the date. You won’t even acknowledge that another conclusion can be drawn from the same info you provided. Instead you cry about me posting the publication date. 🤣

Tap Tap Tap.

Good Luck.
 

LargeOrangeFont

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Not from me, got caught in another lie did you? lol....

🤣🤣🤣🤣 let me guess.. yore account was hacked, or you were on barbiturates and can’t remember ever talking about the his before.

Tap Tap..
 

PaPaG

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See above pops. This isn’t your first thread on this.

I don’t think you’ve ever called me out on anything, you just start tap dancing when questioned and celebrate that you’ve hurt the person’s feelings that challenges your thinking.

Just like today.. your only question on a contradictory article to your info was the date. You won’t even acknowledge that another conclusion can be drawn from the same info you provided. Instead you cry about me posting the publication date. 🤣

Tap Tap Tap.

Good Luck.
Called you out on constant back peddling when caught in a lie. IT has been 3 days over 7 months that is Nothing near a year, 12-7=5 math class over. Data and facts are there, you just have to learn how to read and stop thinking you are 100% right all the time in every post on every subject then maybe you can get a little respect you so desperately desire.
 

PaPaG

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🤣🤣🤣🤣 let me guess.. yore account was hacked
9 months, 12 months - 9 = 3. ok I can say that almost counts for a comment of almost a year but still in the investing world 3 months is a lifetime and you would know that if you were a smart investor.
 

LargeOrangeFont

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Called you out on constant back peddling when caught in a lie. IT has been 3 days over 7 months that is Nothing near a year, 12-7=5 math class over. Data and facts are there, you just have to learn how to read and stop thinking you are 100% right all the time in every post on every subject then maybe you can get a little respect you so desperately desire.

Better recheck that math based on the post above..

Tap…. Tap 🤣
 

LargeOrangeFont

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9 months, 12 months - 9 = 3. ok I can say that almost counts for a comment of almost a year but still in the investing world 3 months is a lifetime and you would know that if you were a smart investor.

So the Smart Money is even back now 😂😂😂
 

PaPaG

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🤣🤣🤣🤣 let me guess.. yore account was hacked, or you were on barbiturates and can’t remember ever talking about the his before.

Tap Tap..
So now you say people may be on drugs without even knowing them? have you taken your meds lately LOF....you are seriously an idiot, no wonder so many cant stand you.
 

LargeOrangeFont

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So now you say people may be on drugs without even knowing them? have you taken your meds lately LOF....you are seriously an idiot, no wonder so many cant stand you.

You just said you had all the facts on lock and I’m wrong, and you’ve only been espousing this all for 7 months.. then FACtS come out that you were incorrect..

What are we to believe? That you don’t know what you are posting or are willfully ignorant?

Like I said.. Good luck. You still refuse to acknowledge differences in opinion, even ones drawn from the same information..
 

PaPaG

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You just said you had all the facts on lock,I’m wrong, and you’ve only been espousing this all for 7 months.. then FACtS come out that you were incorrect..

What are we to believe?
Again you are an asshole for even throwing that kind of comment out there, you need to go back on your meds, you have a serious issue. I feel sorry for you.
 

PaPaG

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Bottom line is if you just posted to discuss instead of attacks you would be more tolerable and not thought of as the Forum Self Appointed "Know It All" on every subject every post every issue. You seem to start shit with everyone or everything you disagree with. Lets get back on topic and stop with the bullshit and attacks. I am just as guilty as you are but mine are responses never initiated.
 

LargeOrangeFont

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Bottom line is if you just posted to discuss instead of attacks you would be more tolerable and not thought of as the Forum Self Appointed "Know It All" on every subject every post every issue. You seem to start shit with everyone or everything you disagree with. Lets get back on topic and stop with the bullshit and attacks. I am just as guilty as you are but mine are responses never initiated.

Show me where I said anything to you this morning before you said something to me directly as a personal attack .🤣

Everyone can read for themselves, as long as you don’t go editing or deleting.

Anyway, are we still just skipping over the on topic part about a completely different conclusion can be drawn from the same datapoint today?

Or are you still avoiding that now that we verifyed the date?
 

DC-88

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The lesser down payments are better rates because of the mortgage insurance being their to hedge the risk.
Is that institutional hat holding of sorts ? Regardless, the inflated prices and construction costs suck for young buyers. One of my kids was arguing it with me the other day in the context that at 23 I saved 47K for 20% down on a nice house at an uncrowded beach and made around 50 k a year, and he and his generation tend to make 2x that at 25 years old but have to save up 200k for 20% down for something slightly above a starter home in AZ . I still claim we didn't spend money on charcuterie boards, wine tasting, vapes, unlimited data, cocktails at bars, and the other stupid shit all of my kids' friends who don't save money put on their gram stories ,but that facet is just my opinion .
 

evantwheeler

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Loan level pricing adjusters (LLPA's) are hits to a rates pricing for things like loan to value, credit score, property type and now, DTI over 40%.

Say I have a rate of 6% that is priced at 100.00. That means, that rate costs no points to obtain. Now lets say I got a borrower with 5% down and a score range of 680-699, buying an attached condo. They now have adjustments to the rate price based on those factors. So now instead of costing no points the borrower now has a 6% rate that has 2% worth of LLPAS. Their option at that point would be to pay the points OR they have to go to a higher rate that absorbs those points and is priced at 100.00.

The new LLPA's are BRUTAL, especially for borrowers putting 20% down with credit in between 720 - 759. They will pay much more in rate or points to get their mortgage because of this.

Hopefully that makes sense??
Thanks OSB. What you explained makes sense, but penalizing the homebuyers in this category doesn't make sense at all. Do these penalties for being a responsible adult also apply to refinances? I am in this demographic of good credit score 20%+ down buyer. Would these same penalties exist to this same buyer from a wholesale lender like UWM?
 

cofooter

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Thanks OSB. What you explained makes sense, but penalizing the homebuyers in this category doesn't make sense at all. Do these penalties for being a responsible adult also apply to refinances? I am in this demographic of good credit score 20%+ down buyer. Would these same penalties exist to this same buyer from a wholesale lender like UWM?
Also scratching my head on why they would penalize the best qualified, and potentially, the lowest risk borrowers......
 

LargeOrangeFont

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Also scratching my head on why they would penalize the best qualified, and potentially, the lowest risk borrowers......


I had the same question and I have no real idea. But my first thought was the costs are to cover those “systematically oppressed” by the banking apparatus that they are lowering the bar for.
 

evantwheeler

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One of my kids was arguing it with me the other day in the context that at 23 I saved 47K for 20% down on a nice house at an uncrowded beach and made around 50 k a year, and he and his generation tend to make 2x that at 25 years old but have to save up 200k for 20% down for something slightly above a starter home in AZ . I still claim we didn't spend money on charcuterie boards, wine tasting, vapes, unlimited data, cocktails at bars, and the other stupid shit all of my kids' friends who don't save money put on their gram stories ,but that facet is just my opinion .
I think it's called priorities and standards. You probably set the standards of living for your kids much higher than you had for yourself at the same age. One feels they are doing the right thing as a parent by making a better/easier/more comfortable life for their children than they had. I know my parents did this for me. The problem is this creates an issue by setting their standards of expectations very high so when they transition from a dependent to an adult there is a dilema:

1. They have to reset their standards to their income potential and make it work on their own.
2. They maintain their standards or raise them as they try to keep up with societal consumerism pressures which typically requires supplemental financial assistance from the parents on top of their income. This could come in many forms, trust funds, home purchase down payments, jobs at family business that they wouldn't hold save for the nepitism, etc.
3. Zero effort is made to try and make it work as an adult in the real world because its just too hard and they stay sucking on the teet like a leech.

No one needs a $200k down payment for their first home purchase unless they are trying to uphold a standard of living that doesn't match their income.

edit: some early 20's kids can afford the $200k down no prob on their own efforts - but the complaint is that $200k down is too much for a first home given earning potential. I would counter that the standards are too high if you can't afford the $200k without assistance.
 
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OldSchoolBoats

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Thanks OSB. What you explained makes sense, but penalizing the homebuyers in this category doesn't make sense at all. Do these penalties for being a responsible adult also apply to refinances? I am in this demographic of good credit score 20%+ down buyer. Would these same penalties exist to this same buyer from a wholesale lender like UWM?

Yes they apply to everything unfortunately and the lenders, like UWM, have to charge them otherwise they will have to eat those fees when delivering the loan. At this point there is a mix of lenders who have already applied LLPAs for the 5/1 change and some who haven't.
 
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