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I dunno.
I suppose being responsible and owning a home is just natural for some folks for whom bragging on a FICO score isn't necessary.
A large proportion of home buyers are/were speculators, I wouldn't call them responsible. The market is being manipulated by powerful organizations and special interests which I also don't consider responsible- in fact I consider them unscrupulous, short sighted, and unbelievably greedy.
I dunno.
I suppose being responsible and owning a home is just natural for some folks for whom bragging on a FICO score isn't necessary.
I didn't see his post as "bragging" even though 791 is a good score. He was responding to several points made by someone else as to why someone might not own a house, one of them being low credit score; he simply said "I don't have a low credit score nor do the other reasons apply that you mentioned". 791 is certainly nothing to "panic" about for most people, and it could be argued that anyone who claims they would do so is in fact "bragging" that their score is so high about 791, it would be disturbing to be that number.
We owned a home before moving up here, and were trapped in it the last few years when the real estate market went TU for a while.
Giving that husband is a few years away from retirement; we're older and not up to doing extensive house maintenance and also our kiddies have grown up and moved away, we see no point in purchasing a house again.
We have a good credit score, but I like the freedom of not being stuck in a house. We have a good landlord and a nice townhouse now.
Home ownership isn't for everyone and not even for someone at every point in their lives.
A large proportion of home buyers are/were speculators, I wouldn't call them responsible. The market is being manipulated by powerful organizations and special interests which I also don't consider responsible- in fact I consider them unscrupulous, short sighted, and unbelievably greedy.
That is a rather tangential, to the point of odd irrelevance, as a cogent rejoinder to these posts:
Quote:
Originally Posted by MikeJaquish
I know a LOT of homeowners who would panic if their FICO fell to 791.
Quote:
Originally Posted by MikeJaquish
I dunno.
I suppose being responsible and owning a home is just natural for some folks for whom bragging on a FICO score isn't necessary.
The number of Americans who own their own home fluctuates between 64% and 67%, IIRC. The high end represented a market oversaturated with unqualified buyers, overleveraged buyers, predatory lenders taking advantage of willing and/or unsophisticated buyers. The low end represented a more conservative approach to the housing market over time. The slim difference was all it took to mess up the housing and financial markets.
Furthermore, what is the particular "large proportion" you cite?
5% of owners?
95%
Or a specific point between the two?
What are their credit scores?
Last edited by MikeJaquish; 01-25-2015 at 05:52 AM..
I didn't see his post as "bragging" even though 791 is a good score. He was responding to several points made by someone else as to why someone might not own a house, one of them being low credit score; he simply said "I don't have a low credit score nor do the other reasons apply that you mentioned". 791 is certainly nothing to "panic" about for most people, and it could be argued that anyone who claims they would do so is in fact "bragging" that their score is so high about 791, it would be disturbing to be that number.
No one tells saturnfan he should buy a house. No one cares if he buys or rents, as it is his personal choice; it's his personal business, just as his credit score is. He chooses his personal shelter arrangement because, "...I don't want to maintain a house." That is a very reasonable choice, which he doesn't need to rationalize to anyone. OTOH, the whopper about everything in a house predictably simultaneously self-destructing, that anything new is trash was laughable. And misleading.
Saturnfan's relentlessly repetitive recurring redundant revelry regarding his descent through the pernicious perdition he perceives Raleigh is becoming faster than poop through a tin horn aren't rationalized by his credit score either. No one wishes on him the apparent lack of joy, the apparent fog of gloom from which he speaks, but all have the opportunity to read and respond to his posts.
Absolutely, I know people/homeowners who would be upset if their score fell to 791. That was accurate. And they would "fix" the score as fast as they could.
That is a rather tangential, to the point of odd irrelevance, as a cogent rejoinder to these posts:
Your verbiage is grandiloquent, to the point of pretentiousness..
Quote:
Originally Posted by MikeJaquish
The high end represented a market oversaturated with unqualified buyers, overleveraged buyers, predatory lenders taking advantage of willing and/or unsophisticated buyers.
And we as the taxpayers picked up the bill, but that's OK, I'm sure that as a realtor it was all very profitable to you personally..
Your verbiage is grandiloquent, to the point of pretentiousness..
And we as the taxpayers picked up the bill, but that's OK, I'm sure that as a realtor it was all very profitable to you personally..
Ah, I get it. You were jus' funnin'. My fumble, taking you seriously.
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