Comments on: Weekly News Round-Up http://blog.redfin.com/sfbay/2008/07/weekly_news_round-up-34.html Redfin Bay Area Sweet Digs Tue, 07 Feb 2012 16:59:16 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: San Mateo Home Sellers in Trouble http://blog.redfin.com/sfbay/2008/07/weekly_news_round-up-34.html/comment-page-1#comment-5310 San Mateo Home Sellers in Trouble Wed, 16 Jul 2008 21:08:29 +0000 http://blog.redfin.com/sfbay/2008/07/weekly_news_round-up-34.html#comment-5310 Countrywide has already been taken over by Bank of America. The 25% downpayment is a way for them to say "we don't want to lend, go away!" That might be good in the long run since it will encourage people to save money. Countrywide has already been taken over by Bank of America. The 25% downpayment is a way for them to say “we don’t want to lend, go away!” That might be good in the long run since it will encourage people to save money.

]]> By: David http://blog.redfin.com/sfbay/2008/07/weekly_news_round-up-34.html/comment-page-1#comment-5307 David Wed, 16 Jul 2008 20:15:55 +0000 http://blog.redfin.com/sfbay/2008/07/weekly_news_round-up-34.html#comment-5307 If the market comes back to year-ago levels (let's say an increase of 20%) in, say, 3 years, the question really should be, can you sell now and make 20% in 3 years of investing? With tax-free california munis yielding ~6%, yes you can. Without the hassle of being a landlord or sweating out if the market is really going to recover in just 3 years (last time it too almost 8 years to reach prior peak levels) If the market comes back to year-ago levels (let’s say an increase of 20%) in, say, 3 years, the question really should be, can you sell now and make 20% in 3 years of investing? With tax-free california munis yielding ~6%, yes you can.

Without the hassle of being a landlord or sweating out if the market is really going to recover in just 3 years (last time it too almost 8 years to reach prior peak levels)

]]> By: susan.brady http://blog.redfin.com/sfbay/2008/07/weekly_news_round-up-34.html/comment-page-1#comment-5306 susan.brady Wed, 16 Jul 2008 19:27:25 +0000 http://blog.redfin.com/sfbay/2008/07/weekly_news_round-up-34.html#comment-5306 I hear ya, Red. I'm well aware of the pitfalls and one does have to be careful. We'll cross the bridge when we come to it, and after 4 transactions with our realtor, I do trust her knowledge of the area. I hear ya, Red. I’m well aware of the pitfalls and one does have to be careful. We’ll cross the bridge when we come to it, and after 4 transactions with our realtor, I do trust her knowledge of the area.

]]> By: Red http://blog.redfin.com/sfbay/2008/07/weekly_news_round-up-34.html/comment-page-1#comment-5305 Red Wed, 16 Jul 2008 19:21:10 +0000 http://blog.redfin.com/sfbay/2008/07/weekly_news_round-up-34.html#comment-5305 Careful on that rent your home thing... if you rent for more than three years, you lose the exemption on gains for homeowners. And being a landlord can be a major headache... I've been there, believe me, I know. Oh, and my brother did the rental thing when he got married and his wife already had a house. Rented his Sunnyvale Eichler out in 1989... lost about 25% off the peak value by the time he got tired of renting it at a loss 5 years later. Careful on that rent your home thing… if you rent for more than three years, you lose the exemption on gains for homeowners. And being a landlord can be a major headache… I’ve been there, believe me, I know.
Oh, and my brother did the rental thing when he got married and his wife already had a house. Rented his Sunnyvale Eichler out in 1989… lost about 25% off the peak value by the time he got tired of renting it at a loss 5 years later.

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