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Well, they have rolled back the regulations which prevented unqualified people from getting $500 000 dollar mortgage, so maybe right now it is possible. If that is the case they are practically begging for another housing collapse. I am talking about recent years, when TONS of documentation has been needed to land a mortgage, even if you were very qualified.
If by tons of documentation you mean proof of employment and proof of funds, well I guess that's tons of documentation lol.
US housing starts fell by 9% last month versus economists predictions of a 4% increase. The number of new homes for sale is the highest since 2009 (the recession) and prices declined by more than 3%. The bite of Trumponomics gets harder to deny with each dismal indicator that comes out. Even the Fed warned today, in an unusual report, that the stock market is over priced and poised for a major crash if Trump continues with his war on global trade.
Housing goes in cycles. Just sold our house for $120K less than what we paid for it 16 years ago, despite improvements. Don't care that much, as it was paid for, however, the realtor discussed that this has been more commonplace this year compared to previous years.
10 years of expansion/bull markets get a little "tired". Nothing goes straight up.
I can easily say you don't know what you're talking about. And I will repeat it again: you don't know what you're talking about.
Sure man. Whatever you say
Heck, one time the loan officer actually found a problem in our income tax documents from two years ago, which our tax preparer had to correct before we could continue. So, yes, it requires a heck of a lot more documentation than you have been told. So there you have it Mr "I don't live in US". You are probably talking about banks in Nigeria.
When we try to unload a property and it falls through, it is pretty much always do to the buyers inability to secure a mortgage. In 2005-06 practically everyone qualified.
Practically everyone qualifies today as well. For you to say it's "hard" leads me to believe you either don't know what you're talking about (99% probability) or your finances are a mess.
Practically everyone qualifies today as well. For you to say it's "hard" leads me to believe you either don't know what you're talking about (99% probability) or your finances are a mess.
Housing goes in cycles. Just sold our house for $120K less than what we paid for it 16 years ago, despite improvements. Don't care that much, as it was paid for, however, the realtor discussed that this has been more commonplace this year compared to previous years.
10 years of expansion/bull markets get a little "tired". Nothing goes straight up.
You must live in a very depressed area.
Paid $61,000 for the house in Austin, in 97.
I could sell it today for $300,000 easy and not put a dime in it to improve anything.
My dad paid $15,000 for his house in 76. After he passed away in 2013, I sold it for $650,000
You must live in a very depressed area.
Paid $61,000 for the house in Austin, in 97.
I could sell it today for $300,000 easy and not put a dime in it to improve anything.
My dad paid $15,000 for his house in 76. After he passed away in 2013, I sold it for $650,000
You are lucky that the housing values rose under Obama.
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