MiriamHopkins's blog

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Learning to be a Power Excel User:

Equity $ sort: F, C, A, B, H, G, I, L, E, D, J, K

Equity % sort: F, C, A, B, H, G, E, D, I, L, J, K

Mortgage $ sort: H, I, L, D, K, E, G, A, J, B, C, F

Mortgage % sort: H, C, I, E, G, A, L, K, B, C, J, F

Principal $ sort: B, E, L, D, H, C, J, K, G, F, A, I

Principal % sort: B, E, L, D, H, C, A, J, G, F, K, I

Everyone has double-digit percentage losses from 2008.

Positions F through I have double digit percentage losses from 2009

Positions F through H have double-digit percentage losses from 2010

Positions E through G are the only ones with losses from 2011.

Positions A and J are the only ones with double-digit gains; from 2011.

 

 

ten hothouse visits
1/2 oz gold or equiv to stock+heloc+IRA+char+PM
1/2 oz gold or equiv to stock+heloc+IRA+char+PM
scarecrow 10-pack (KPLU rewards); Hiroki;Dinner Out,haircut, clothing,

Arise Arise A rose a Blooming Rose?

Movies for April: Bunny Lake is Missing; Kitchen Chemistry; So Big!; Life of Oharu; Absolute Power; The Mysterious Lady; Greene Murder Case; Executive Suite.

Position J now has the greatest equity: $180249.82 over Position K's $179691.15. 

Equity now up to $681903.54. Positions D, E and L  hover on either side of the 25% striate. Position H has now over 10% equity. 

Positions  F and G share almost the same percentage of principal paid: 25.127% and 25.257% 

Nothing else new to report. Still  need to go to Bothell.

Welcome to April

Personal Debt down to $128400

The spring upturn has begun. Equity rose from $596000 to $640000 in three weeks.

Bonuses

Position B: $40K mortgage paid. Movie: Kitchen Chemistry

Position c: coffee; Movie: So Big!

Position D: Life of Oharu Movie

Position E: Absolute Power Movie

Position F: 10 oz silver or stock for 25% principal paid.

Position G: 10 oz silver or stock for 25% principal paid.

Position H: coffee

Position K: coffee; KPLU membership.

% of principal paid: B,E,L,D,H,C,A,J,G,F,K,I.

% of mortgage paid: H,D,I,E,G,A,L,K,B,C,J,F.

Library Jaunts: Bothell and KCLS.

 

 

 

Back over $600000 equity

Welcome to Spring. Two films were eventually watched, "The Secret of NIMH" and "Stalker."

No library jaunts yet.

Mortgage % ranking: Position H, D, I, E, G, A, L, K, B, C, J, F.

Principal % ranking: B, E, L, D, H, C, A, J, F, G, K, I.

No other changes.

Principal paid: B E L D H C A J K F G I.

 

 

 

February 2012 no longer worst G.D. month: March is.

Even with $14000+ paid to principal, March equity is worse.

17% equity drop from 11 November to 11 March.

No movies, no libraries.

I am $1920 and 40 days away from making my $9606.36 countdown payoff. That's $676 + $1244. If I paid $30/day toward the HELOC, I would be okay. I would get the HELOC down to $12700, be above 58% in equity, earn a coffee out and a library trip to Bothell and one movie. I could liquidate a half-ounce gold and maybe six silver to bring my HELOC down.

March Schadenfreude is in like a lamb

House value median: $306775.00

House value average: $305145.83

Equity median: $47220.02

Equity average: $50489.91

Positions A and B circle just over the negative equity drain.

Positions D and E are just above 20%. I eliminated PosD's home equity line of credit once I learned what subordination meant for deeds of trust.

Position G has now paid one fourth of its house principal. In a few months, Position I will have paid one half of its house principal. Position K is sandwiched between, with 38.98% of its house principal paid for.

Only Position A and Position I have over $100K paid in principal. Position I has $190K paid, in fact.

New to the $10K mortgage paid club: Positions D, K and L. Only Positions H and I have under $10K mortgage paid so far.

Depreciation Trends:

Three-year trends: it doesn't pay to live out in the sticks. Position F lives in Snohomish County, lost 32.39% value from 2009. Position H lives in Kirkland, lost 30.52%. Everyone is double-digit percentage negative from 2009.

Position A bucks the negative trends for 2010 solo, and brings post-Zillow-4-bedroom-adjustment B, D and J with them. Position H is up 2.13% from last year along with A, B, D, and J.

Half the properties have depreciation from last year. Further drop by 6.9% is projected for 2012, putting Properties A, B, C and F in the "boy that's fucked" category.

From Calculated Risk Blog, and CoreLogic:

CoreLogic ...[March 1 2012] released negative equity data showing that 11.1 million, or 22.8 percent, of all residential properties with a mortgage were in negative equity at the end of the fourth quarter of 2011.

An additional 2.5 million borrowers had less than five percent equity, referred to as near-negative equity, in the fourth quarter. The near-negatives (Positions A and B) with the negatives (Positions C and F) comprise 33% of my Schadenfreude list. 55% of Washington state mortgages have LTVs lower than 80%. A little more than 40% of properties on my list have LTVs under 80%, three of them in the 70s. Of the ones over 100% LTV, all have second liens. However, three of the lowest LTV properties also have secondary liens.

Rewards

Two films: Suddenly it's Spring and Executive Suite. Two desserts. NO libraries.

Position H: 25% multiple principal paid: 1/2 ounce gold or equiv combo of stock, heloc, IRA, PM, charity.

Position B: $40000 principal paid: $10 charity plus $10 HELOC plus $10 bath oil

Worst g.d. month

three months ago we were at $725K equity. Now we're at $596K. Still over $3 million in mortgage amount remaining to be paid.  Median equity is $45812.43, median mortgage remaining is $259577.

Everyone has gone down.  No movies, even, as everyone has dropped by that much. Also, no Principal Paid goals met. One library: Central.

All-time low by Property C. Properties C and F are priced under their assessment values.

Pretty much everyone who refinanced only once or twice over the past twelve years is over 25%.

Only Positions J and K are above last year's median 38% home equity. Because they didn't refinance for cars and vacations and remodels and crap, and unlike position I they didn't buy in the mid 2000s.

for February

Positions A and B are just over 2% equity. After 5 and 10 years ownership. Cope, strain, hope, pain.

Position C dropped below -20.33%, a record. 

Position E, the longest-held property, has 21.84% equity.

Ascending order of mortgage payoff, percentage: H,I,E, G,A,K,D,B,L,C,J,F.

Ascending order of principal paid, percentage: B,E,D,L,H,C,A,J, F,G,K,I.

 Ascending order of mortgage remaining, $: L,K,J,I,H,G,F,E,D,C,B,A.

The 30+% drops from 2008 are all gone. Only Position F's 30.51% price drop from February 2009 stands, with Position H's 29.7% a close second. Everyone has had value drops from 2008 and 2009, but only Position A bucked the trend from 2010 with a positive 16.22% gain.  The worst percentage drop is from Position F, with Position L close, 17.38% and 17.3% 

Here who's lost equity since they bought their house and by how much:

Position A: -86117.41; Position C: -61813.82; Position F: -54841.48; Position G: -26752.53

Position I: -101092.18; 

Positions E, J and K have all gained $100,000+ in equity since purchase, but those are 1997, 1999 and 2000-era purchases, all three-bedroom+ houses. 

For the first time ever the "we're screwed" column (three year drop in excess of 25% equity) is populated by nothing but FALSES. This is good!

Predictions for 2012 value:

Position A: $470816

Position B: 376938

Position C: 270102

Position D: 345510

Position E: 349388

Position F: 237550

Position G: 305000

Position H: 263980

Position I: 281735

Position J: 370205

Position K: 315408

Position L: 165408

I'm looking forward to bringing my mortgage balance down to getting back to 60% equity. Sure hope others ascend out of danger territory and into 20+% equity.

Take a Stand Against SOPA

Contact your legislators.

My predictions for 2011: 4 houses will have less than 5% equity. <--Still True April <-- True January 2012

3 houses will have between 5% - 25% equity. <-- Now Four April <-- Six January 2012

two properties will still be underwater. <-- Four April <-- True!  January 2012

one property will still have greater than 60% equity. <-- None April <-- None 

three properties will have greater than 40% equity. <-- One April <-- Two 

six properties will have greater than 25% equity. <-- Four April <-- Four 

---------------------------------------------

Half of the property owners have more equity now than they did at the time of their mortgages.

Three properties have lost over 30% market value since January 2009. Only position A has seen positive market value appreciation since January 2012. However, seven properties have lost less than 10% of their value since last January.

If rate of change remains constant for twelve months, which it won't, someone will see 60% equity again, and the ascending order of mortgage paid will look like:

I,H,E,G,A,D,L,B,K,C,J,F.  Some leapfrogs and reversals (H/I, B/L)