All Forum Posts by: Thomas Dionne

so i have a choice to not be on the title or anything for that matter?

my wife is buying a property cash and id prefer to keep my name off it but my broker said my name would have to go on title? He didn't sound for sure.

I dont even know why i should worry but my thinking was if anyone ever came after me for any reason i wouldn't have this asset in my name. Im probably being over cautions because im pretty sure near nobody can touch your main residence in florida but i may want to rent it out one day.

So if it is a bug, Should I report it somewhere?

Yes i understand.. as a matter of fact that might be what it is...

My first few post were frowned upon despite my best efforts...

It seems though that some people collect influence points with the same mentality as a dungeon and dragons / world of warcraft dudes collect medallions and flying ponies or whatever.... via excessive post...

Im trying to post in bulk reo and see a message pop up top that says I have to have 10 post (i have 17) and my signature and personal and company info needs to be filled out and viewable. (as far as I can tell it is)

Still every time I try and post in the forum I get the same message and the post doesnt stick... what setting am I missing in my profile?

Thanks for any help.

Originally posted by Kevin Yeats:

I have to raise the issue on the point of FORCED SAVINGS. What if that is NOT what a person wants? What if a person wants a more nomadic life - living in one area or city for only a few years and then moving to a different local? Athletes? Landscape painters? Writers? If that is someone's choice of lifestyle, does this FORCED SAVINGS aspect of homeownership curtail that person's choice especially given the high transaction costs?

Of course not. they would always be renting the money and paying higher transaction cost to do so. In the end I think a convo with a customer is what drove me to post, this person was totally clueless looking to justify inaction. They read a similar article that was negative towards owning, renting was "safer" in his mind due to inability to get the whole picture. But with young kids in school and no intention on needing to move for 10 years and more importantly no real game plan in life, no retirement, no savings for college, no nothing and all things he said was very important. I said to him "buying the house could be a bad idea, but what your doing is worse., its probably worth the risk unless you change something else about your plan."

I dont think its good to let special scenarios taint the minds of others if there is a greater good that can be served. Thats only of course when I deal with lower income, lower education folks...

Owning a home = WEALTH

jk, wanted to get attention. When the rubber hits the road for POOR people the reality is owning a home drastically changes their life, the country as a whole and can break perpetual multi generational poverty cycles.

There is a huge segment of the population (whose vote count as much as mine) who dont save, will never have real wealth as defined by jon, myself and most people on this thread and get really stuck buy always needing enough income to pay for rent and medical and bailing kids out of bad situations etc.

The average net worth of african americans is 500 bucks excluding the home and like 10k with a home (http://sociology.ucsc.edu/whorulesamerica/power/wealth.html), this is no good for anyone regardless who is at fault.

For poorer folks I actually think the value/wealth/joy (whatever u call it) they get from simply having SOME net worth via home ownership FAR supersedes the joy someone might get from their second million bucks.

Thats what I think is so awesome about this business, people crying as they give you a testimonial because they are so happy to have to be forced to save.

What a great time to be in this business.

Making money on people who want to own a home and cannot. The notion that people who cant get approved right now are worth little is wrong.

If you can buy a property (usually a condo) for 30-50k and have a line of people with a 600-620 credit score and a good job lined up to hand you 2000 dollars and pay 900/mth with a rent to own contract, wouldn't you do it as much as possible if you knew how to get them approved.

there is a billion dollar business that will rise up in the next few years from someone doing this for 10,000's of homes they buy right from b of a and the others.

As soon as the capital meets the system that can create 10'000 of potential tenants per week that WILL get financed.

All i need is the billion bucks, know anyone?

i see the opposite of this everyday, people are dying to own a home, they understand that rent sucks and owning is good.

For people who don't save a lot owning a home is mandatory for the long term stability of our whole system. retiree's renting will be the death of usa if it happens in huge numbers, these people will just vote themselves even more money we dont have.... people want to and and need to own.

There is more REAL money to be made now than ever before. "fake money" was abundant in housing just like in tech stocks 10 years ago. All paper profits that existed because of irrational exuberance. Homes will not reach peak prices for decades in real after inflation measurements. We have a lot of inventory and few people qualified to buy.

We are over-reacting, there are 10's of millions of people with good jobs who would pay a mortgage if given the opportunity. Until our system for determining who is qualified changes its gonna be a slow going thing.