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Typo-classier
I don't see spell check on this board.
I know where the Nashville board is, I post there.
Could you believe I just hired a window-washer who is from Westfield, NJ orginally. His mom still lives there. I have 29 windows. I never counted but he did.
I thought this was the US where you were free to do what you wanted to. I assume you must not be from the US orginally, because you are Questioning my freedom.
Diane
Nope, I'm not questioning your freedom, but rather, I'm questioning your stupidity and WAY off topic thread hijacks. Now, go look out your 29 windows and try to find a clue.
Typo-classier
I thought this was the US where you were free to do what you wanted to. I assume you must not be from the US orginally, because you are Questioning my freedom.
Diane
Freedom means that you have the right to your opinions, but that also gives other people the freedom to disagree with those opinions vociferously.
I have to chime in here to agree with you. Smart people, rich people keep the BIGGEST mortgage possible when rates are this low. I'm not talking about people who need an ARM to get into a house, I'm talking about people that could buy the house for cash if they wanted.
Yet another thing Diane is clueless about.
If they are rich then its ok, but most of those that are taking these mortgages because they can't afford to buy if they didn't.
Diane
BYW, I did work for Seaman's Bank For Saving, on 30 wall street years ago, and I saw the mass foreclosures then.
Seamans was bought by Bank of North America and then I don't know who bought it after that. So, I'm not lying.
I doubt the person that posted is rich, they would not have time to frequent these boards, I know my husband has no time.
Diane
I would venture to say zero, because you've never worked for a bank. If you did, you would know better than to say that. How much of a home is mortgaged is inconsequential! The important part is how much you make relative to your mortgage payments, your debt ratio, etc. If someone is doing a 100% mortgage on a $500k home are they foolish? Not necessarily - they may be making $300k a year, and want to keep the bulk of their money in other investments.
You know you didn't work at a bank - just admit it.
So you're suggesting Nashville is as much of a financial center as NYC, DC, San Francisco, London, Dubai, Hong Kong, and Las Vegas? Well then, I better suggest to the senior partners that we open an office there! Whats the ninja situation?
I'm not saying Nashville is but I'm saying there is big Business here. YOU don't make $300k a year, if you did, you would have no time for these boards!
A person that is making $300K would certainly buy more than a $500k house unless they had no saved money, and just spent .
$500k for a house in NJ is no big deal, I could have sold mine for more than that in 05, and it truely has only a 4 bedroom 2 1/2 bath colonial. It was about half the size of this one,
I've lived in Pennsylvania all my life, but I've never really understood the bad rap that New Jersey gets. Are there some ugly stretches? Of course. But there is a lot of good stuff. For the first half of my life, going down the shore was a regular part of my life. I realize the beaches aren't as big, and the ocean is certainly not as blue, as other places--but for my family and me, they were just fine. I always liked the fact that the ocean would come right up to the boardwalk in the evening. I realize now that that's not necessarily the way it's supposed to be, but what would you rather look out on, the ocean, or sand? I always enjoyed falling asleep to the sounds of waves crashing (and in Ocean City, there were apartments close to the beach, that were affordable enough my parents could afford to rent them).
But it's not just the beach. What about about the Princeton area? What about Mount Laurel? What about all the beautiful parts of North Jersey?
What about all the great produce that comes out of New Jersey? I remember my mom stopping by the side of the road to buy Jersey grown tomatoes and peaches when we were on the way back home from the shore.
And then, there are some surprising cultural things going on. It turns out that a couple of the best areas for salsa dancing near Philadelphia, over the past several years, have been in New Jersey. The one time I got to go hear an actual Arabic pop star, where was it? In a casino, in Atlantic City.
I don't remotely know New Jersey inside out, but I've spent enough time riding around there to not get the sweeping dismissals of it.
I've lived in Pennsylvania all my life, but I've never really understood the bad rap that New Jersey gets. Are there some ugly stretches? Of course. But there is a lot of good stuff. For the first half of my life, going down the shore was a regular part of my life. I realize the beaches aren't as big, and the ocean is certainly not as blue, as other places--but for my family and me, they were just fine. I always liked the fact that the ocean would come right up to the boardwalk in the evening. I realize now that that's not necessarily the way it's supposed to be, but what would you rather look out on, the ocean, or sand? I always enjoyed falling asleep to the sounds of waves crashing (and in Ocean City, there were apartments close to the beach, that were affordable enough my parents could afford to rent them).
But it's not just the beach. What about about the Princeton area? What about Mount Laurel? What about all the beautiful parts of North Jersey?
What about all the great produce that comes out of New Jersey? I remember my mom stopping by the side of the road to buy Jersey grown tomatoes and peaches when we were on the way back home from the shore.
And then, there are some surprising cultural things going on. It turns out that a couple of the best areas for salsa dancing near Philadelphia, over the past several years, have been in New Jersey. The one time I got to go hear an actual Arabic pop star, where was it? In a casino, in Atlantic City.
I don't remotely know New Jersey inside out, but I've spent enough time riding around there to not get the sweeping dismissals of it.
Well said. For every negative that Jersey has, I'm sure there's probably at least one or two positives.
And, yes, some families actually enjoy going down to the shore for consecutive summers, even if they can afford Mediterranean cruises. Sometimes it's really the most simple things or events that we hold the fondest memories of.
YOU don't make $300k a year, if you did, you would have no time for these boards!
I also didn't buy a $500k house. Apparently you've missed the point in every way. The percentage of the house thats mortgaged HAS NO BEARING. The amount actually mortgaged relative to income does.
Quote:
Originally Posted by Diane Giam
A person that is making $300K would certainly buy more than a $500k house unless they had no saved money, and just spent .
Actually, investment properties are bought by people making $300k/yr quite often. But since you've never worked for a bank, you probably never knew that.
Quote:
Originally Posted by Diane Giam
$500k for a house in NJ is no big deal, I could have sold mine for more than that in 05, and it truely has only a 4 bedroom 2 1/2 bath colonial. It was about half the size of this one,
Alot of people *could have* sold house for big money in 2005. That was the peak of the bloat. Once again, your bragging attempts just make you seem snobbish. Please, just stop, for your own good.
*EDIT* And if your husband makes $300k/yr like you imply, can't you find something better to do?
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I think I'll slip quietly away.....
