This article is about the current housing boom in Memphis and mentions what has happened in Austin in Nashville. These things have been discussed before on this board. Also, former Tiger James Maclin is quoted....
https://www.memphisflyer.com/memphis/the...d=14335804
(07-05-2018 02:44 PM)3601 Wrote: [ -> ]This article is about the current housing boom in Memphis and mentions what has happened in Austin in Nashville. These things have been discussed before on this board. Also, former Tiger James Maclin is quoted....
https://www.memphisflyer.com/memphis/the...d=14335804
NTR
Also be very weary of housing prices. Four years ago Freddie and Fanny returned to same policies which created the Housing Bubble which burst at the turn of this past century. When borrowers only have to pay 3% down (instead of normal 20%) they are less likely to stick it out if things get rough.
I saw a home in Midtown listed for $193/sf!!
(07-05-2018 08:10 PM)ncrdbl1 Wrote: [ -> ] (07-05-2018 02:44 PM)3601 Wrote: [ -> ]This article is about the current housing boom in Memphis and mentions what has happened in Austin in Nashville. These things have been discussed before on this board. Also, former Tiger James Maclin is quoted....
https://www.memphisflyer.com/memphis/the...d=14335804
NTR
Also be very weary of housing prices. Four years ago Freddie and Fanny returned to same policies which created the Housing Bubble which burst at the turn of this past century. When borrowers only have to pay 3% down (instead of normal 20%) they are less likely to stick it out if things get rough.
Are you denouncing James Maclin?
(07-05-2018 08:37 PM)TigerTim Wrote: [ -> ]I saw a home in Midtown listed for $193/sf!!
I'm certain it was built with the most expensive cheap building materials available.
(07-05-2018 08:10 PM)ncrdbl1 Wrote: [ -> ] (07-05-2018 02:44 PM)3601 Wrote: [ -> ]This article is about the current housing boom in Memphis and mentions what has happened in Austin in Nashville. These things have been discussed before on this board. Also, former Tiger James Maclin is quoted....
https://www.memphisflyer.com/memphis/the...d=14335804
NTR
Also be very weary of housing prices. Four years ago Freddie and Fanny returned to same policies which created the Housing Bubble which burst at the turn of this past century. When borrowers only have to pay 3% down (instead of normal 20%) they are less likely to stick it out if things get rough.
Are you talking about borrowers who are paying PMI?
I don’t think the rates of foreclosure are the issue on the down payment because FHA loans have been available for decades; it’s giving loans that are too big for income (and D/I ratio) and variable interest rates.
Giving bad loans and big companies hiding them is what blew up the market.
(07-09-2018 06:58 AM)Latilleon Wrote: [ -> ] (07-05-2018 08:10 PM)ncrdbl1 Wrote: [ -> ] (07-05-2018 02:44 PM)3601 Wrote: [ -> ]This article is about the current housing boom in Memphis and mentions what has happened in Austin in Nashville. These things have been discussed before on this board. Also, former Tiger James Maclin is quoted....
https://www.memphisflyer.com/memphis/the...d=14335804
NTR
Also be very weary of housing prices. Four years ago Freddie and Fanny returned to same policies which created the Housing Bubble which burst at the turn of this past century. When borrowers only have to pay 3% down (instead of normal 20%) they are less likely to stick it out if things get rough.
Are you talking about borrowers who are paying PMI?
I don’t think the rates of foreclosure are the issue on the down payment because FHA loans have been available for decades; it’s giving loans that are too big for income (and D/I ratio) and variable interest rates.
Giving bad loans and big companies hiding them is what blew up the market.
Sure debt to income was a problem and so were variable interest rate loans, the biggest problem was loaning money to people without jobs or who stated they made $180,000 when they made $27,500. Of course that is a debt to income problem but it was totally hidden by crooked loan companies. ..... until it was found out. I saw people buy 5 houses on the same day, not seasoned investors, novice investors and con-artist and novice investors being conned.