tag:blogger.com,1999:blog-3329419642567789295.post1488100755360939462..comments2023-10-30T06:49:13.259-07:00Comments on Larry Roberts real estate writing blog: Yet another forecast.....Larry Robertshttp://www.blogger.com/profile/07551274023310137270noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-3329419642567789295.post-87074750968313734042008-06-28T08:30:00.000-07:002008-06-28T08:30:00.000-07:00I looked up the program but they only on in certai...I looked up the program but they only on in certain areas of the city<BR/>for Fontana it is South of Foothill north of valley and that is not a nice area of Fontana.<BR/><BR/>I will call the city and see if they offer it in other parts of the city.<BR/><BR/>Does anyone know if Corona has the same kind of deal??bigdog76https://www.blogger.com/profile/12337166739162243738noreply@blogger.comtag:blogger.com,1999:blog-3329419642567789295.post-77113044561335891962008-06-27T23:44:00.000-07:002008-06-27T23:44:00.000-07:00Hey Golfer,I like your estimates, they appear to b...Hey Golfer,<BR/>I like your estimates, they appear to be on the mark, right now San Bernardino and Riverside counties are loosing about $12k a month.<BR/><BR/>Hey big dog, yup those programs are called silent seconds, they are usually income qualified. If interested I can help you there visit empireteam.com<BR/><BR/>Take care!<BR/>RJHRoberto Huntsingerhttps://www.blogger.com/profile/15996028110102763186noreply@blogger.comtag:blogger.com,1999:blog-3329419642567789295.post-78235455136177032152008-06-27T00:01:00.000-07:002008-06-27T00:01:00.000-07:00It sounds like a fair deal bigdog; you get some he...It sounds like a fair deal bigdog; you get some help on your loan, the city gets a stable owner into a blighted home and neighborhood, correct me if I'm wrong. It does not sound like they are doing this on new homes, just ones they want to see improved. I guess you have to ask yourself if you'd really want to commit yourself to living there long term and investing in improvements as well. Personal considerations, such as your wife and children, the quality of schools, crime, gangs, and such... you'll need to weigh them in your decision. Many cities have home ownership programs for teachers and police to live within the city they serve.Martin Burtinhttps://www.blogger.com/profile/01506934069894903418noreply@blogger.comtag:blogger.com,1999:blog-3329419642567789295.post-7657324633959553942008-06-26T20:50:00.000-07:002008-06-26T20:50:00.000-07:00I though I would ask any one here this?I have a co...I though I would ask any one here this?<BR/><BR/>I have a co-worker he just bought a home in the city of San Bernardino.<BR/><BR/>He is receiving a loan from the city towards his down payment of either $25,000 or $40,000 not sure.<BR/><BR/>The catch is as long as he stays in the home for 10 years he does not pay nothing back.<BR/><BR/>He also got $15,000 from the school district as well.<BR/><BR/>I looked into this for Fontana and they have the same thing but you have to stay for 15 years. But you have to qualify for a deed trust loan. Another factor is I beleive the city has to be accepting application for this (Could be a waiting list or something???) . I plan on calling tomorrow to check.<BR/><BR/>The catch is if you move out before the first 5 years you have to pay it back if you stay after 5 years they take off 10% each year till 15 then you are scott free. They also want you to spend improvements on the property equavalent to the amount borrowed over the 15 years.<BR/><BR/>Does anyone know the ins and outs sounds to good to be true what is the catch. <BR/>I am also looking in Corona but there city website doesnt have such a program just a grant loan for improvements in regards to health such things.bigdog76https://www.blogger.com/profile/12337166739162243738noreply@blogger.comtag:blogger.com,1999:blog-3329419642567789295.post-30797490511745059292008-06-25T20:37:00.000-07:002008-06-25T20:37:00.000-07:00No Paige, that is for the year. We were already do...No Paige, that is for the year. We were already down 15% for the first 5 months. So hitting mid to high 20's should be a no brainer.golfer_Xhttps://www.blogger.com/profile/08426050465032209520noreply@blogger.comtag:blogger.com,1999:blog-3329419642567789295.post-58014498047634076372008-06-25T20:12:00.000-07:002008-06-25T20:12:00.000-07:00Do you mean you believe prices will fall an additi...Do you mean you believe prices will fall an additional 28% from this month through the end of December?Paige Hinrichshttps://www.blogger.com/profile/12178480903123315089noreply@blogger.comtag:blogger.com,1999:blog-3329419642567789295.post-42188664661953968592008-06-25T19:31:00.000-07:002008-06-25T19:31:00.000-07:00You're right, the job losses will extend far beyon...You're right, the job losses will extend far beyond housing. When the public thinks of housing related job loss, they think of carpenters. The downturn also means fewer agents, fewer lenders, and fewer title reps, not to mention all the people who made their living servicing those groups. <BR/><BR/>If 20% of the jobs in a boom market were related to real estate and those jobs vanish, you have to lay off one out of every five... policemen, firefighters, teachers, bank tellers, store clerks, car dealers, waiters, cooks, baristas, etc.<BR/><BR/>That's before you get to the effects of outflows and defaults on the tax base, which trigger more layoffs in the government sector which in turn trigger more layoffs or closures in the private sector as those people no longer consume goods and services.<BR/><BR/>It's a cascade effect that can't be stopped by a few stimulus checks. Imagine how much home equity was cashed out over the past five years to fuel the economy. We're talking hundreds of thousands, not $1,500. With the home equity ATM turned off, all that spending disappears and all the jobs that relied on that spending disappear too... and on it goes.Anonymousnoreply@blogger.com