- Feb 13, 2001
- 83,769
- 19
- 81
I was comparing you to college professors.
I already mentioned this, but those percentiles are not national. They are my rankings to others that took the PCAT so really good...also if you notice this was my first examination, I also took no practice tests or read up on it. I also took this as a freshman in college. So scoring higher than 75% was really high.
I was accepted to Pharmacy school prior even to my AA degree.
Even if I put down 20%, that wouldn't have helped any right now. This again is probably why you teach at the kid level and not in a real college. If I put 20% down on a $275k loan and the house is worth 80K now, that still $212k I'd be upside down and even in worst shape.
I know one couple that has $100k in their home and it's worth $200k now, but they owe $400k. They did the 20% down when EVERYONE was telling them just do the 0% you could do then. At the time it really made no sense to put money down if they didn't require it. Throwing out 3% or so got you the best deal.
My first home I lost money on due to the divorce. I put $40k down on a $115k house. I put another $20k into it improving things (new kitchen, repaint, etc)...
Sold it for a little over $100k to her relatives, the only people she'd agree to sell too. At least they still own it and have a ton of equity now.
Many in Palm Beach county are 50% upside down...again this wouldn't be a problem for me, except that without an HOA now the neighborhood is falling apart.
I already mentioned this, but those percentiles are not national. They are my rankings to others that took the PCAT so really good...also if you notice this was my first examination, I also took no practice tests or read up on it. I also took this as a freshman in college. So scoring higher than 75% was really high.
I was accepted to Pharmacy school prior even to my AA degree.
Even if I put down 20%, that wouldn't have helped any right now. This again is probably why you teach at the kid level and not in a real college. If I put 20% down on a $275k loan and the house is worth 80K now, that still $212k I'd be upside down and even in worst shape.
I know one couple that has $100k in their home and it's worth $200k now, but they owe $400k. They did the 20% down when EVERYONE was telling them just do the 0% you could do then. At the time it really made no sense to put money down if they didn't require it. Throwing out 3% or so got you the best deal.
My first home I lost money on due to the divorce. I put $40k down on a $115k house. I put another $20k into it improving things (new kitchen, repaint, etc)...
Sold it for a little over $100k to her relatives, the only people she'd agree to sell too. At least they still own it and have a ton of equity now.
Many in Palm Beach county are 50% upside down...again this wouldn't be a problem for me, except that without an HOA now the neighborhood is falling apart.
