Swelman

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Any Republicans in Hawaii? THANKS!

Asked Tue Oct 21 2008, 09:51 by Conservative - 92661 - General Area - 2 answers

Swelman answered:

There is too much Cali influence on the islands. Orange Coubty is the capital of superficail consumption and scewed values. Stayout of bid metros's Like NY. Chicago, ect. You'd fit in nicely in the Southeast maybe the Carolina's. I'm a californian who's lived there twice and I came back due to their inflexible rigt wing religious and racist attitutes. I'm white.. But if you're white, rich , and religious you'll love it there. - Tue Oct 21 2008, 10:30

How hard is it to get pre-approved for a mortgage now? Here's my scenario: I have 10k in savings, 6500 in

Asked Fri Oct 10 2008, 10:03 by Jet23 - Orange - Market Conditions - 9 answers

Swelman answered:

You are not in the worst position however, You should have more of a cushion in cash. You are correct banks are not lending because of the credit crisis. You should pay down you debt and save more. This economic crisis is not going to end anytime soon (years). It is like nothing we've seen in history. Personally I'd never invest in anything major in shaky times. We've been lied to by the RE industry, banks, and our government.

Most american's are paying down dept, saving and scaling back living cost. It will be painfull for this country but we need to get offf this consumption binge of the last decade. Get back to the days where you bought a house when you could truly afford it. Hopefuuly after the recession common sense will exist again. - Fri Oct 10 2008, 10:31

I am trying to get a loan modif with wamu It's been 6wees as & no answer. Is wamu going under, what do I do?

Asked Mon Aug 4 2008, 16:39 by Elena - 92708 - Financing - 10 answers

Swelman answered:

We've only seem the tip of the iceberg with banks both investment and commercial. Not only are they buried in REO's and short sales they have liquidity problems and massive write-offs in the trillions. This is why we are having the credit crunch along with the other economic ills. We will not see a turn around in the housing market until all of that bad debt is quantified and valued so the real losses will be known. Bad lending standards and cheap money caused this yet nobody saw this coming? Yeah right... It's not rocket science you either can aford a home or you cannot. - Tue Aug 5 2008, 07:59

Sell vs Rent?

Asked Mon Jul 28 2008, 14:41 by Tim@CrossRoad - Los Alamitos - Market Conditions - 14 answers

Swelman answered:

If you do not have to sell don't. Even with the current economy California is one of the most desirable states to live. You should have no problem renting out your home if you don't price the rent slightly below market and get some good longterm tenents. Seeing how the housing recession is long from over renting is very wise at the moment. Alot of us are waiting out the shakeout of REO's and short sells. Sellers are still holding on to yesterdays prices . When that turns around we'll be on the way to recovery. - Mon Jul 28 2008, 15:02

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Asked Wed May 14 2008, 10:14 by Ray - Santa Ana - Home Buying - 6 answers

Swelman answered:

There are an abundance of Foreclosures, REO, short sales. I'm starting to see condo's in the high 200's 22 but nothing in the 200k range yet. This bubble still has legs and I can see properties going lower still. It's too early in the downturn cycle. The Inland Empire has properties that low but I think areas closer to Coastal O.C. and L.A. will be slower. Keep an eye on the overall economy inflation is rearing it's ugly head and prices for everything are going up. Home prices will be competing against all those factors. We may see a rollback to prices before the bubble began basically wiping away the last six years of appreciation. But I don't have a crystal ball I just tune in to all the data coming out. It's all tied together. - Wed May 14 2008, 10:31

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