Its all because people still cant get financed. My mother is in real estate in and around the Boston area and she is selling but, only to cash buyers with money... the rich get richer.
Its all because people still cant get financed. My mother is in real estate in and around the Boston area and she is selling but, only to cash buyers with money... the rich get richer.
Charles LaRocca
SiriusBuzz Founder
Last edited by SiriMonkey; 05-04-2009 at 11:34 PM. Reason: add
my cousin just got financed for a house. so some1 out there is financing at least in texas
How much did he have to put down and how good is his credit? I think people are getting financed here too but, the problem is that the mortgage companies want 20-30% down... in the Boston area... that is a shitload of cash.
Charles LaRocca
SiriusBuzz Founder
i didn't want to ask him all the details since he didnt seem forthcoming but i know he did not put alot down, i would say its at least around 300k, him and his wife are both nurses so they make an avg nurses income so i was suprised they got such a big house. I dont know all the details just that its a 30 year fix mortage and im positive they put no more than 5 percent down.
Well that is positive news on the economy right there, glad to hear it.
In my area you cant even get a refi without 20% equity, with housing prices dropping 10-20% that is no easy task for a lot of existing homeowners.
Charles LaRocca
SiriusBuzz Founder
http://seekingalpha.com/article/1356...m?source=yahoo
is tyler wearing football pads in this pic heh, either that or hes benching like 500
i got a 48month car loan at 4.75%
Charles LaRocca
SiriusBuzz Founder