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2009-11-30 18:30:03
KEN-JENNINGS
I am all that is MOD!
+2,982|6919|949

JohnG@lt wrote:

KEN-JENNINGS wrote:

My point is that if you can get approved for $1k a month in rent you can get approved for a $30k loan.
Why would they need approval to pay rent? Frankly, you have no point and you're just being a pedantic idiot right now.
You didn't have to pass a credit check to rent?  Most people do.  Every place I have lived since moving out has required a credit check to be on the lease.

Call me what you like, I was just wondering if the example you provided had any basis in reality.  I guess not.
2009-11-30 18:33:22
Jay
Bork! Bork! Bork!
+2,006|5645|London, England

KEN-JENNINGS wrote:

JohnG@lt wrote:

KEN-JENNINGS wrote:

My point is that if you can get approved for $1k a month in rent you can get approved for a $30k loan.
Why would they need approval to pay rent? Frankly, you have no point and you're just being a pedantic idiot right now.
You didn't have to pass a credit check to rent?  Most people do.  Every place I have lived since moving out has required a credit check to be on the lease.

Call me what you like, I was just wondering if the example you provided had any basis in reality.  I guess not.
It did. They could've bought the house for $45k. The loan wasn't the issue, it was the $80k on top of it they would've had to put into the house to make it habitable.
"Ah, you miserable creatures! You who think that you are so great! You who judge humanity to be so small! You who wish to reform everything! Why don't you reform yourselves? That task would be sufficient enough."
-Frederick Bastiat
2009-11-30 18:49:31
Kmar
Truth is my Bitch
+5,695|6887|132 and Bush

JohnG@lt wrote:

KEN-JENNINGS wrote:

JohnG@lt wrote:

Why would they need approval to pay rent? Frankly, you have no point and you're just being a pedantic idiot right now.
You didn't have to pass a credit check to rent?  Most people do.  Every place I have lived since moving out has required a credit check to be on the lease.

Call me what you like, I was just wondering if the example you provided had any basis in reality.  I guess not.
It did. They could've bought the house for $45k. The loan wasn't the issue, it was the $80k on top of it they would've had to put into the house to make it habitable.
And if you presented this to the bank they would have told you to get lost. Banks are trying to dump distressed properties, not lend on them. I have had people with PERFECT credit not be able to get loans without an insane amount of money down (renters aren't concerned with closing cost). The lending industry isn't always logical.. especially after taking it in the nuts for three years.
Xbone Stormsurgezz
2009-11-30 19:26:12
13rin
Member
+977|6766
I'm looking into mountain-side real estate.  Shits cheap.  Nothing much -a few cabins to rent out... As to the OP?  Fuck the Chinese.
I stood in line for four hours. They better give me a Wal-Mart gift card, or something.  - Rodney Booker, Job Fair attendee.
2009-11-30 19:29:37
Kmar
Truth is my Bitch
+5,695|6887|132 and Bush

O god your not getting those flyers too are you? One acre on a lake with a cabin 65kish? Reminds me of the old "hey i've got some Florida waterfront to sell if you're interested.." aka Everglades, swampland.
Xbone Stormsurgezz
2009-11-30 19:34:02
13rin
Member
+977|6766

Kmarion wrote:

O god your not getting those flyers too are you? One acre on a lake with a cabin 65kish? Reminds me of the old "hey i've got some Florida waterfront to sell if you're interested.." aka Everglades, swampland.
Nah.  Actually, I was up there recently. Check Boone/Blowing Rock. Around the ASU area.

Last edited by DBBrinson1 (2009-11-30 19:37:03)

I stood in line for four hours. They better give me a Wal-Mart gift card, or something.  - Rodney Booker, Job Fair attendee.
2009-11-30 19:37:12
Kmar
Truth is my Bitch
+5,695|6887|132 and Bush

DBBrinson1 wrote:

Kmarion wrote:

O god your not getting those flyers too are you? One acre on a lake with a cabin 65kish? Reminds me of the old "hey i've got some Florida waterfront to sell if you're interested.." aka Everglades, swampland.
Nah.  Actually, I was up there looking around.
Good, I knew you were smarter than site unseen.
Xbone Stormsurgezz
2009-11-30 21:01:55
13/f/taiwan
Member
+940|5985

KEN-JENNINGS wrote:

JohnG@lt wrote:

KEN-JENNINGS wrote:

My point is that if you can get approved for $1k a month in rent you can get approved for a $30k loan.
Why would they need approval to pay rent? Frankly, you have no point and you're just being a pedantic idiot right now.
You didn't have to pass a credit check to rent?  Most people do.  Every place I have lived since moving out has required a credit check to be on the lease.

Call me what you like, I was just wondering if the example you provided had any basis in reality.  I guess not.
Over here they usually just take a deposit(worth a month rent) and if you miss more then 2 months rent the landlord evicts you. That is from my own personal experience and what others have told me.
2009-12-01 11:27:19
cpt.fass1
The Cap'n Can Make it Hap'n
+329|6982|NJ
Banks are making no sense right now.. It's sort of a changing thing day by day and next to impossible to do anything other then a purchase right now.. But what if china brings in cash and buys large parts of this country, I'm pretty sure we've already sold our ports and most of our pay roads..
2009-12-01 11:37:58
ghettoperson
Member
+1,943|6936

DBBrinson1 wrote:

I'm looking into mountain-side real estate.  Shits cheap.  Nothing much -a few cabins to rent out... As to the OP?  Fuck the Chinese.
Party at yours?

 

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