All Forum Posts by: Carrianne Mucho

In lending, for each file we have to show proof of the borrower's ability to repay.  Many of these student loans have temporarily reduced payments specifically due to the borrower's INABILITY to repay them long after the borrower has graduated.  The reduced payment plans I have seen are just fractions of the amortized payment and sometimes less than the accrued interest.  Predatory lending is recommending a loan that the borrower cannot afford...I assume that is where Chris' label originated. How are these better than the interest only loans made in the early 2000's?  At least those had a tangible asset (house) attached and required at minimum that the accrued interest be paid.  

When government guarantees loans they know cannot be paid, who ends up paying for them? (rhetorical)

I don't have any hard feelings toward those who've taken out these loans; education in and of itself is a wonderful thing.  It's just frustrating to see a double standard and how some unknowing people have been set up for failure.  You are correct that it is affecting people's ability to qualify for home ownership.  And I agree that we have not begun to see the repercussions.  

@Chris Mason Have I ever?  Don't get me started!  It bothers me that our whole society was basically told that degrees are a necessity yet many with degrees are still having difficulty finding jobs in their chosen field.  The costs of education are grossly inflated (I'm not talking about teachers here, I'm talking about waste).  And if students were taught basic finance in high school, they could do the math to see it doesn't add up to take out $300K in student loans to get a $60K-70K per year government job (sadly this is a real life example).  That "drop-out" just got a 6 year head start on you and has earned what you owe in that time, now they have seniority and are up for promotion and make the same pay you will start at after graduating but with zero debt.  What a scam.  I suspect that many of these loans will eventually be "forgiven."  

"They are adults and should know better" could just as easily be argued (and has been) for the housing bubble.  There are two sets of rules and the difference is, government is the beneficiary of the education bubble and government benefits from keeping citizens under their care and tutelage for an extended time.  I think it is worse than the healthcare situation but I fear the eventual "solution" will be similarly counterproductive.  I will stop here before I offend anyone with my politics.  But my heart breaks for those who've been duped!  

@Hector Peralta, it sounds like you have a good plan in place!  @Account Closed are right, there is great demand for nurses in Sacramento and Placer Counties and they make good income; I assume those statistics translate to travel nurses as well.  If the heat bothers you, you might consider residing farther up Highway 80 near Auburn.  It's about 10 - 15 degrees cooler than in the valley; beautiful country too.  But then again, as a longtime Placer County resident, I am biased.  Auburn has Sutter and it is a short commute to Kaiser, Sutter, or Adventist Health in Roseville.  

Good luck in your investing adventures and you are welcome to contact me if you need help with financing.  

 IG is alot like Facebook - just pictures. :)  So I guess I should have said "like Facebook!"  LOL.  I like both of those platforms as well, just like I said, trying to get more comfortable being "public." You have a good night too and yes, "see" you around.  

@Tim Kunz Thanks for the reply.  I guessed as much but lacked confirmation. 

I read in an article this week, I think it was CoreLogic's latest study that although the majority of renters believe it is still a good time to purchase, that percentage is declining; most likely due to affordability.  

On the flip side, I've also come across several studies which show millennials are increasingly open to moving to suburbs as they grow their families and careers.  A couple years ago, there were loads of articles claiming that the American Dream of Homeownership was dead but the latest stats show that the desire is still there while affordability despite low rates is the main deterrent.  What I am seeing is huge student loans, many with reduced payment or deferral agreements that prevent or at least challenge millennials in qualifying.  

I agree, I think we have only seen the beginning of the next wave of migration from the Bay to Sacramento.  

@Kimberly Renken  One tip I didn't mention...you can (and should) address people using the @then-their-name to "tag" them, like you would on Instagram.  This way they get a notification that you have responded to them. :)  I happened to still be on this thread otherwise may not have come back to see it.  

That sounds like a fascinating group!  I've been on BP for years now, but sort of off and on and mostly an observer for the first few years.  I'm very interested in learning to build my social media profiles yet I am also just beginning to get comfortable with the idea of everything being so public...My real preference is to work with people I already know and trust and their referrals.  BP has a wealth of information and I've found the community to be very generous with sharing information!  Immensely useful but like any social media, easy to get lost in it and realize several hours have passed.  I think this is why it feels a bit safer to me than other online platforms like Zillow and Google+; it doesn't feel as random.  What Social Media platforms are you using for outreach and which have you found most/least productive?  

I am a member of California Association of Realtors and regularly attend local meetings and events in addition to WCR & YPN events; occasionally BIA.  

I haven't felt an urgent need to go Pro yet, but there are some good tools I'm sure I am missing out on.  I am definitely considering it at some point.  The main thing is to be involved and make a contribution where you can - that is what I am trying to do!  I always giggle a little when I see a "Pro" who has been on BP for only weeks and has made only a handful of posts...

@Kimberly Renken  Welcome!  It's always exciting to see new people from my local area joining BP.  It's clear you've discovered the forums since you've posted here but did you know you can add keyword alerts to receive notifications on topics you're interested in?  Look for the little bell near the top right hand corner and go to "manage alerts."  You might choose words like Folsom, foreclosure, Sacramento, or rehab.  

Personally, I love the podcasts because I can listen while driving or doing other things.  They expose me to topics that I wouldn't normally take the time to read about.  

I have a passion for helping people too!  That is how I've ended up in lending after careers in both appraising and real estate sales...I feel that I can maximize my skills and help the most people in lending.   I look forward to hearing more of your story as your investing career progresses. 

I missed that last Meetup due to a signing but hoping to make the next one.  What other local networking groups have you found helpful? 

I've worked with several clients recently who relocated to the Sacramento area (Placer County specifically) from other areas of California.  When they looked at what they had to pay for rent, it certainly motivated them to be buyers, not renters, and helped them decide on a home more quickly (rather than rent while they are home shopping)!  Great for me as a lender, but makes me wonder if we might be near a tipping point on rents...

Related to SB 1069, I'm seeing a lot of new home builders incorporate in-law units into their plans and according to the salespeople, these are incredibly popular.  I haven't done enough research to know if this legislation is going to force cities like Lincoln, who have discouraged these options, to allow these kinds of additions. @Tim Kunz or @Penny Clark do you know?   

@Joe Bertolino seems to follow these kinds of stats pretty regularly and might have something to add to this thread...

@Mark Alex You can find a lot of information about tax sales/trustee auctions on the County Website: 

Sacramento County public auction tax sales are held the last Monday in February each year, with a follow-up sale in May or June. Properties not sold or postponed from the February public auction are normally offered at public auction the second Monday in May. 

Follow this link: Sacramento County Tax  and go to item #4. 

I used to work at an assessor's office so I learned a lot about property taxes and how to navigate the local county websites.