Why Baby Boomers Don't Understand Occupy Wall Street

[mawilson 2,133]

What's so funny? So it needs a little fixing, so what?

[Nina~ 431]

What's so funny? So it needs a little fixing, so what?

You can fix a house, but not the neighborhood. I got lost in that neighborhood once, I rolled up my windows, locked the doors and ran through all the red lights

[Mr. Big Dog 10,747]

What's so funny? So it needs a little fixing, so what?

Sure. I've got just the right tool for the job.

[Alex & Rachel 78]

Slim - while the price is certainly amazing, given its cheapness compared to the average Oakland house price, and the image provided, it looks as if it'd need a LOT of work. You're probably paying for pretty much just the land. I've had some experience with houses that have had roof/wall/structural problems and oftentimes it ends up it would've been more economical to pull the entire structure down and start from scratch.

Palmdale and El Segundo are outside LA, apparently. I'm not really familiar with the areas, either.

Actually, Sousuke did mention an area earlier that had cheap housing that's just outside North Bay. It is something I would consider when the time comes to buy. Difficult to know with commute times, however. Depending on the flow of traffic you could spend twenty minutes or two hours on the same stretch of road.

Edited October 27, 2011 by Alex & Rachel

[Fandango 1,440]

El Segundo is near LA. It is a 6 hour drive to San Jose.

I got thrown when u said south Bay, so I wiki'd

http://en.wikipedia.org/wiki/South_Bay,_Los_Angeles

[Fandango 1,440]

El Segundo is near LA. It is a 6 hour drive to San Jose.

http://www.realtor.com/realestateandhomes-detail/1824-Kammerer-Ave_San-Jose_CA_95116_M28754-13668 here's one for 180...

[Alex & Rachel 78]

Hehe, I was referring to this South Bay Area

It is certainly confusing when you have a coastal state with a lot of bays!

[Alex & Rachel 78]

http://www.realtor.com/realestateandhomes-detail/1824-Kammerer-Ave_San-Jose_CA_95116_M28754-13668 here's one for 180...

Wow. I wonder what's wrong with it?!

[Fandango 1,440]

Wow. I wonder what's wrong with it?!

If you want, i can call the realtor and find out

Edited October 27, 2011 by Anita Cocktail

[Rebecca Jo 1,962]

If house prices are so high, there are obviously enough people who can afford them. If most people were like you and couldn't get a mortgage on the remaining 80%, prices would drop to a level where they became affordable.

Jeez, that's rude.

[Rebecca Jo 1,962]

And your figures are where?

In my head.

I started at a savings and loan as a bank teller in 1977 and worked my way up to Assistant Vice President of a small mortgage company by 1990. I was an FHA approved credit examiner. I wrote more than 200 mortgage loan applications over my career and processed close to a 1000.

I really don't give a healthy $hit if you don't believe me. I NEVER saw an application come across my desk for a first house where the borrower had 20% down. I saw gift letters from parents for down payments, but NEVER where the first-time owner had saved the money from wages. I saw loads of applications for 20% down and more when the applicant was moving on to their second, third or whatever house. The 20% plus came from equity gained during the baby years of the housing boom.

It may be disingenuous... but it's supported by facts.

No. It's not.

[I AM NOT THAT GUY 5,715]

Slim - while the price is certainly amazing, given its cheapness compared to the average Oakland house price, and the image provided, it looks as if it'd need a LOT of work. You're probably paying for pretty much just the land. I've had some experience with houses that have had roof/wall/structural problems and oftentimes it ends up it would've been more economical to pull the entire structure down and start from scratch.

Palmdale and El Segundo are outside LA, apparently. I'm not really familiar with the areas, either.

Actually, Sousuke did mention an area earlier that had cheap housing that's just outside North Bay. It is something I would consider when the time comes to buy. Difficult to know with commute times, however. Depending on the flow of traffic you could spend twenty minutes or two hours on the same stretch of road.

Concord is East Bay. North Bay stuff is expensive until you get north of Cloverdale. Have you looked around Gilroy, and points east and west of there?

[Rebecca Jo 1,962]

I wonder how many of those occupiers have a 630 credit score. Maybe that's what they're protesting.

I don't know. Why don't you tell us. You told us earlier that you don't have a mortgage.

OMG, that's really what he linked!

At first I thought you were making a funny.

[I AM NOT THAT GUY 5,715]

Wow! Gilroy is getting pricey too. Here's one for 189K:

http://www.homes.com/listing/143273897/199_W_8th_St_GILROY_CA_95020

Edited October 27, 2011 by Crusty Old Perv

[Rebecca Jo 1,962]

Wow! Gilroy is getting pricey too. Here's one for 189K:

http://www.homes.com/listing/143273897/199_W_8th_St_GILROY_CA_95020

That house would (maybe) go for 75K here.