Comments on: San Diego County Home Loan Limits For 2009

By: Plastic surgery San Diego

Plastic surgery San Diego — Tue, 18 Nov 2008 19:32:46 +0000

Dummies should have made sure they could afford houses before buying them. Lenders should have been more analytical is choosing borrowers who really had the capacity to repay loans at whatever the maximum interest rate could be after any teaser rate ended. Fools--all of the players in this drama are fools. Cosmetic surgery San Diego

By: Acne treatments

Acne treatments — Tue, 18 Nov 2008 19:31:55 +0000

Homes will always be unaffordable to the average person in high priced CA as long as government subsidize home owners in the form of mortgage tax deductions, and Fannie Mae bailouts. Remove the interest tax deduction and watch the prices correct 50%. This place a bottom on home prices and increase home ownership than further government meddling. The issue is affordability, not unemployment. Prices are still too high due to government tax policies and bad lending practices. Acne Medications

By: San Diego dentist

San Diego dentist — Tue, 18 Nov 2008 19:31:15 +0000

We're only seeing the last of the 1 and first of the 3 year ARMs getting their bumps now. Remember that even though housing was slowing refinancing were very strong. Not only that but most people that played that game pulled equity out too which means they essentially lump themselves in with the last of the buyers. Even if you say the top was at the end of '06, and it wasn't, we still need to get through all of '09 just to clear out the last of the 3 year ARMs. And the only way those people don't get hit hard is if property values not just stabilize but actually rise a bit as lending standards are tighter and they will have to come up with some equity. San Diego cosmetic dentist

By: gold metal detector

gold metal detector — Tue, 18 Nov 2008 19:30:24 +0000

Home prices do not double in price on average every ten years. There is no evidence to support such a statement. S&P case shriller home index which goes back to 1890 found that SFR prices went up at the rate of inflation over time. If they do double in any short period it’s called a asset bubble and values return to medium as the bubble implodes. OFHEO also shows long term prices run with inflation and return to normal price levels rather than continuing to rise. In order for RE to double every 10 years average income would also need to rise with it, which if you haven't noticed doesn't happen and when it does as during the 70's yield on bonds jump into the teen's and the FED pushes up interest rates causing home prices to decline. gold detector

By: lasik eye

lasik eye — Tue, 18 Nov 2008 19:29:38 +0000

The housing market peaked around 2005-2006. A lot of 5-year fixed interest-only loans will reset in 2010-2011. That means more foreclosures in the future. cost of lasik