Berkeley CSUA MOTD:Entry 51269
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2025/07/09 [General] UID:1000 Activity:popular
7/9     

2008/9/23-29 [Reference/RealEstate] UID:51269 Activity:low
9/23    wtf. Wells Fargo w/9.14% APR jumbo (non-conforming) 30-year fixed in CA.
        \_ Welcome to a shitty shitty economy.
        \_ My parents had a loan at 13% in the early 1980s. You do realize
           that this 5-6% stuff is at or near all-time lows, right?
           \_ Yeah, I feel really sorry for those poor SOBs who have been
              trying to time the housing market and missed out on a once
              in a lifetime opportunity to borrow at 5.25%.
              \_ Yeah, sure now that $600,000 house is $350,000, but at 5.25%
                 it totally would have been worth it.
                 \_ Prices in my neighborhood have not gone down at all. I
                    guess they have gone down in places like Antioch and
                    Gilroy, so if you were shopping there, I guess you are
                    right.
                    Gilroy, so if you were shopping there, you are right.
              \_ If rates go up, prices go down, and the market stagnates.
                 Not a good time to own OR buy.
                 \_ I'd disagree, now is a great time to buy if you are willing
                    to sit on a place for a minimum of 5-7 years.  Prices are
                    great and cash is king.  I've been finding great deals
                    in rental property.
                    \_ Where are you that prices are great?  They just aren't
                       suck.
                 \_ It's a great time to own. The only better time to own
                    was before I did. I don't think people who bought in 1958
                    are too worried about it being a bad time "to own".
                    Bad time to buy? Maybe. Bad time to own? Never.
                    \_ Sorry, bad time to have recently bought.
                     \_ Or to sell.
        \_ Put another way, I would hate to be someone who wanted to sell
           a property.  As someone interested in the highest sale price, I
           would want the easiest loan terms possible (no down, no doc, stated
           income, option ARM, low interest rates).  bank gives me the purchase
           money, i've converted the property to cash--my hands are clean.
2025/07/09 [General] UID:1000 Activity:popular
7/9     

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