tag:blogger.com,1999:blog-13164186.post115768030145452697..comments2024-01-27T19:26:32.604-05:00Comments on Bubble Meter: Delinquency Rate Soars on Home Equity LoansDavidhttp://www.blogger.com/profile/11169148764438565562noreply@blogger.comBlogger68125tag:blogger.com,1999:blog-13164186.post-1157900320641393882006-09-10T10:58:00.000-04:002006-09-10T10:58:00.000-04:00va_investor said... btw John,"If you think 10 mill...va_investor said... <BR/>btw John,<BR/><BR/>"If you think 10 million is "big time", you are running with the wrong crowd. "<BR/><BR/>Cump change right va_? I bet your pool boy makes that much in a summer.roberthttps://www.blogger.com/profile/10354810363004791622noreply@blogger.comtag:blogger.com,1999:blog-13164186.post-1157900222968404772006-09-10T10:57:00.000-04:002006-09-10T10:57:00.000-04:00va_investor said... Robert,"Bottom line"Is that ve...va_investor said... <BR/>Robert,<BR/><BR/>"Bottom line"<BR/><BR/>Is that veterans earn the VA loan (and then some).roberthttps://www.blogger.com/profile/10354810363004791622noreply@blogger.comtag:blogger.com,1999:blog-13164186.post-1157898137775327392006-09-10T10:22:00.000-04:002006-09-10T10:22:00.000-04:00Lance said...See, again, rather than do the honora...Lance said...<BR/>See, again, rather than do the honorable thing and admit that (1) he was wrong about VA loans not requiring a downpayment and (2) that he lied saying he had had a VA loan, he continues to change the question. No one ever discussed the sacrifices of Veterans.<BR/><BR/>Lance, post your fax number and I’ll send you my DD-214. I (just like any other veteran) paid the down payment for my VA loan. The cost? A few years of my life. I think that has value does it not? I think, in exchange for X, you get Y. Hence, Y cost something. How much would you “charge” per year? In many cases the cost of the down payment of some VA loans are more than your current home will ever be worth.roberthttps://www.blogger.com/profile/10354810363004791622noreply@blogger.comtag:blogger.com,1999:blog-13164186.post-1157860572222708632006-09-09T23:56:00.000-04:002006-09-09T23:56:00.000-04:00John, Do you get to wear one of those great paper ...John, Do you get to wear one of those great paper hats!? Wow, must be a rush "doing it our way" for us all day!!!! LOL Ever met Ronald McDonald! ... Ah the perks of the job!Lancehttps://www.blogger.com/profile/12216089306021385355noreply@blogger.comtag:blogger.com,1999:blog-13164186.post-1157860432083425802006-09-09T23:53:00.000-04:002006-09-09T23:53:00.000-04:00john doesn't know what a "bonafide" is! Another p...john doesn't know what a "bonafide" is! Another poser revealed! He really doesn't know what a bonafide is ... Incredible! I bet he knows what "make that a big mac with fries on the side" means ... Probably hears that hundreds of times a day. LOLLancehttps://www.blogger.com/profile/12216089306021385355noreply@blogger.comtag:blogger.com,1999:blog-13164186.post-1157860151989655702006-09-09T23:49:00.000-04:002006-09-09T23:49:00.000-04:00My bonifides? Successfully culling the truth, as ...My bonifides? Successfully culling the truth, as I have just done.<BR/><BR/>Goodnight.John Fontainhttps://www.blogger.com/profile/00246801870171720131noreply@blogger.comtag:blogger.com,1999:blog-13164186.post-1157859711884297302006-09-09T23:41:00.000-04:002006-09-09T23:41:00.000-04:00John,You are showing your ineptitude. All it takes...John,<BR/><BR/>You are showing your ineptitude. All it takes for Va_Investor to have rental properties worth $10 million is ONE 6 - 8 unit apartment building in the heart of Washington. Va_Investor has said she has properties in 3 or 4 cities ... Assuming she has on average 1.5 properties in each city, that would easily put her over the $10 million mark. That makes her a very successful individual which is all she's ever claimed to be. A successful "big time real estate investor" as you put it, would have investments in the <I>hundreds of millions</I> of dollars. But again, when you can't counter the message you try to discredit the messenger. You can't face the truth, can you? Perhaps that is why you, unlike Va_Investor, is so unsuccessful. Even to your detriment, you will deny the truth. Even when it is staring you right in the face!Lancehttps://www.blogger.com/profile/12216089306021385355noreply@blogger.comtag:blogger.com,1999:blog-13164186.post-1157859588875534452006-09-09T23:39:00.000-04:002006-09-09T23:39:00.000-04:00This comment has been removed by a blog administrator.Lancehttps://www.blogger.com/profile/12216089306021385355noreply@blogger.comtag:blogger.com,1999:blog-13164186.post-1157859120464798022006-09-09T23:32:00.000-04:002006-09-09T23:32:00.000-04:00va investor - why do you decide to quickly delete ...va investor - why do you decide to quickly delete your 7:38pm post in which you say do have over "10 million in real estate" and that you "don't care about cap rates, ROE or ROI"?<BR/><BR/>Does the former contradict something else you've posted before or does the later look obviously unbelievable subsequent to saying it? Is that why you deleted your post?<BR/><BR/>This is as good a time as any for the blog readers to better understand the credibility of your purported background. We wouldn't want any undue reliance, now would we?John Fontainhttps://www.blogger.com/profile/00246801870171720131noreply@blogger.comtag:blogger.com,1999:blog-13164186.post-1157859045192765492006-09-09T23:30:00.000-04:002006-09-09T23:30:00.000-04:00Va_Investor,John Fontain knows he's been beat! Wh...Va_Investor,<BR/><BR/>John Fontain knows he's been beat! Whenever he can't win an argument, he tries to discredit the messenger. He and Robert are really nasty nasty people. They're not looking for answers or anything other than to just "be right" at any cost. They don't reflect well on the bubbleheads and their arguments. Unethical people like these two are a liability to David and the rational people who believe in a bubble. John Fontain and Robert are not only just plain wrong in most of their "facts", but underhanded, unethical individuals. If I were a Bubblehead, I'd be demanding that David block them from this blog.Lancehttps://www.blogger.com/profile/12216089306021385355noreply@blogger.comtag:blogger.com,1999:blog-13164186.post-1157858598241448352006-09-09T23:23:00.000-04:002006-09-09T23:23:00.000-04:00Robert said:"No Lance, I have not changed the ques...Robert said:<BR/>"No Lance, I have not changed the question. I would however suggest that you and Va_inverstor take trip to any VA military hospital and tell an amputee that his VA loan cost him nothing."<BR/><BR/>See, again, rather than do the honorable thing and admit that (1) he was wrong about VA loans not requiring a downpayment and (2) that he lied saying he had had a VA loan, he continues to change the question. No one ever discussed the sacrifices of Veterans. That has NOTHING to do with our discussion about (1) your being wrong to say that VA loans require down payments and (2) that you lied when you said you'd had a VA loan. Additionally, I see you still aren't <B>saying</B> you were a veteran. I think that answers the question as to whether you are just plain stupid or just a pathalogical, manipulative liar. You are a liability to David and the other rational bubbleheads. You are a road block to rational discussions on this blog.Lancehttps://www.blogger.com/profile/12216089306021385355noreply@blogger.comtag:blogger.com,1999:blog-13164186.post-1157858523203857112006-09-09T23:22:00.000-04:002006-09-09T23:22:00.000-04:00va investor - not 'caring' about cap rates, ROE, R...va investor - not 'caring' about cap rates, ROE, ROI, and various concepts is distinctly different from not 'knowing' about them.<BR/><BR/>I still have a problem buying the idea that you are a big time real estate investor who didn't 'know' about these concepts when you first started posting on this blog. Kinda like a 'big time' stock investor who 'isn't familiar with the p/e ratio.'<BR/><BR/>Sorry if i'm outing you, because I know this blog is supposed to be about housing and not the commenters. But i take offense to your frequent reference to your purported background, experience, and investment prowess when attempting to dismiss as insignificant any and every point of concern about risk in today's housing market.John Fontainhttps://www.blogger.com/profile/00246801870171720131noreply@blogger.comtag:blogger.com,1999:blog-13164186.post-1157855572022042082006-09-09T22:32:00.000-04:002006-09-09T22:32:00.000-04:00va investor - you don't claim to be big time?i tho...va investor - you don't claim to be big time?<BR/><BR/>i thought you said you had tens of millions in real estate investments in one discussion a while back? something like "my personal residence is worth over $2m and my investment properties are worth many multiples of that." i'd consider that 'big enough time.' is that not really true?John Fontainhttps://www.blogger.com/profile/00246801870171720131noreply@blogger.comtag:blogger.com,1999:blog-13164186.post-1157854203184281892006-09-09T22:10:00.000-04:002006-09-09T22:10:00.000-04:00va investor - one of the first times i had a discu...va investor - one of the first times i had a discussion with you on this blog i explained that return on investment wasn't nearly as important a metric as return on equity when it comes to evaluating real estate holdings.<BR/><BR/>You were like a deer caught in headlights when I explained why.<BR/><BR/>So again I ask, how are people supposed to believe you are a big time real estate investor when you didn't know these things when you first started posting on this blog?<BR/><BR/>This is a serious question.John Fontainhttps://www.blogger.com/profile/00246801870171720131noreply@blogger.comtag:blogger.com,1999:blog-13164186.post-1157854007045443872006-09-09T22:06:00.000-04:002006-09-09T22:06:00.000-04:00Lance said... “You'll note that Robert never actua...Lance said... <BR/>“You'll note that Robert never actually says he is a veteran ... Just tries to lead the reader to make that assumption. My bet is that he's never even been out of the country.”<BR/><BR/>My bet is you’re not qualified to speak of sacrifice.roberthttps://www.blogger.com/profile/10354810363004791622noreply@blogger.comtag:blogger.com,1999:blog-13164186.post-1157853886880279452006-09-09T22:04:00.000-04:002006-09-09T22:04:00.000-04:00Lance said... “Again Robert changes the question w...Lance said... <BR/>“Again Robert changes the question when the answer to his original question isn't what he expected:”<BR/><BR/>No Lance, I have not changed the question. I would however suggest that you and Va_inverstor take trip to any VA military hospital and tell an amputee that his VA loan cost him nothing.roberthttps://www.blogger.com/profile/10354810363004791622noreply@blogger.comtag:blogger.com,1999:blog-13164186.post-1157852211760041102006-09-09T21:36:00.000-04:002006-09-09T21:36:00.000-04:00Va_Investor,You'll note that Robert never actually...Va_Investor,<BR/><BR/>You'll note that Robert never actually <B>says</B> he is a veteran ... Just tries to lead the reader to make that assumption. My bet is that he's never even been out of the country.Lancehttps://www.blogger.com/profile/12216089306021385355noreply@blogger.comtag:blogger.com,1999:blog-13164186.post-1157852010001073012006-09-09T21:33:00.000-04:002006-09-09T21:33:00.000-04:00Again Robert changes the question when the answer ...<B>Again</B> Robert changes the question when the answer to his original question isn't what he expected:<BR/><BR/>"robert said... <BR/>OK Lance, please tell me of any 100% financed no down payment VA Loan. Post the link, an anecdotal story anything."<BR/><BR/><I>There is no maximum VA loan. Lenders will generally lend up to 4 times the amount of a veterans entitlement <B>without requiring a down payment.</B></I><BR/><BR/>www.homeloans.va.gov/faqpreln.htmLancehttps://www.blogger.com/profile/12216089306021385355noreply@blogger.comtag:blogger.com,1999:blog-13164186.post-1157851017996238902006-09-09T21:16:00.000-04:002006-09-09T21:16:00.000-04:00VA loans (technically, loans guaranteed by the VA)...VA loans (technically, loans guaranteed by the VA) may be for 100% of the purchase price, but do not have to be. Keep in mind limits are placed on loan amounts, not purchase price. <BR/><BR/>Re cap rates, in all fairness I have to say I have never heard anyone use the term in connection with residential investment properties. All successful residential landlords (I'm talking individuals, not Avalon Properties) can tell you their net operating income without looking; mention cap rates and you would probably get a blank stare.Bobhttps://www.blogger.com/profile/11106164237354370049noreply@blogger.comtag:blogger.com,1999:blog-13164186.post-1157850907843211142006-09-09T21:15:00.000-04:002006-09-09T21:15:00.000-04:00Lance said... “If you don't know that VA loans are...Lance said... <BR/>“If you don't know that VA loans are "no downpayment loans", then you didn't take a VA loan. You are lying.”<BR/><BR/>va_investor said... <BR/>“I don't think robert has ever had a VA Loan.”<BR/><BR/>Lance, Va_investor, you are both naive, and ignorant.<BR/>Here are a few examples of the cost of a VA loan, I would highly recommend that you both study each example thoroughly:<BR/><BR/>http://www.dav.org/<BR/>http://ppoopp.host.sk/war/index.htm (for the images)<BR/>http://www.fisherhouse.org/<BR/>http://www.nps.gov/kwvm/<BR/>http://www.wwiimemorial.com/<BR/>http://thewall-usa.com/roberthttps://www.blogger.com/profile/10354810363004791622noreply@blogger.comtag:blogger.com,1999:blog-13164186.post-1157848763055247002006-09-09T20:39:00.000-04:002006-09-09T20:39:00.000-04:00Va investor - off topic I know, but how are people...Va investor - off topic I know, but how are people supposed to believe you are a big time real estate investor when you didn't even know what a cap rate was when you first started posting on this blog.<BR/><BR/>Not a dig, I'm really curious.John Fontainhttps://www.blogger.com/profile/00246801870171720131noreply@blogger.comtag:blogger.com,1999:blog-13164186.post-1157848672153046382006-09-09T20:37:00.001-04:002006-09-09T20:37:00.001-04:00With the 8% YoY price drops, waiting to buy just o...With the 8% YoY price drops, waiting to buy just one year would have saved the average DC buyer about $35,000 off the price of their home.<BR/><BR/>And just think, another year from now I'll be saying the same thing, except the savings will be up to about $70,000.John Fontainhttps://www.blogger.com/profile/00246801870171720131noreply@blogger.comtag:blogger.com,1999:blog-13164186.post-1157847939000829522006-09-09T20:25:00.000-04:002006-09-09T20:25:00.000-04:00John F. said:"I can't imagine the down payment rat...John F. said:<BR/>"I can't imagine the down payment rate of 2% rises for first time buyers buying homes more expensive than $150,000. If anything, the down payment % probably was lower for more expensive homes."<BR/><BR/>That's right, first time buyers purchasing $1,000,000 properties are doing so with 2% down ...<BR/><BR/>It's simply amazing how bubbleheads tend to project their financial capabilities onto everyone else!Lancehttps://www.blogger.com/profile/12216089306021385355noreply@blogger.comtag:blogger.com,1999:blog-13164186.post-1157847466557070572006-09-09T20:17:00.000-04:002006-09-09T20:17:00.000-04:00Robert,If you don't know that VA loans are "no dow...Robert,<BR/><BR/>If you don't know that VA loans are "no downpayment loans", then you didn't take a VA loan. You are lying.<BR/><BR/><I>Q: How much is my entitlement?<BR/><BR/>A: Your basic entitlement is $36,000. For loans in excess of $144,000 to purchase or construct a home, additional entitlement up to an amount equal to 25 percent of the Freddie Mac conforming loan limit for a single family home may be available. This loan limit changes yearly. This means that qualified veterans could get a no down payment purchase loan of up to $417,000 through December 31, 2006 effective January 1, 2006.<BR/><BR/>Q: Is there a maximum loan limit?<BR/><BR/>A: There is no maximum VA loan. Lenders will generally lend up to 4 times the amount of a veterans entitlement without requiring a down payment.</I><BR/><BR/>www.homeloans.va.gov/faqpreln.htmLancehttps://www.blogger.com/profile/12216089306021385355noreply@blogger.comtag:blogger.com,1999:blog-13164186.post-1157847048877720472006-09-09T20:10:00.000-04:002006-09-09T20:10:00.000-04:00Since I’m gathering the children and all, I’ll edi...Since I’m gathering the children and all, I’ll edit my post<BR/>/blow up mode off/<BR/><BR/>robert said... <BR/>Lance said... <BR/>“And oh Robert, I forgot to add ... We should definitely do away with the creative financing that allows people like you (and me when I bought that first condo) from buying……Giving people the opportunity to sacrifice and work at getting into that first home just isn't right!...”<BR/><BR/>Thanks Lance but no, the only thing “creative” about my first mortgage was a VA loan.<BR/>So please Lance,<BR/><BR/><B>TELL US ABOUT SACRAFICE LANCE</B>roberthttps://www.blogger.com/profile/10354810363004791622noreply@blogger.com