One Reason San Diego Housing Demand is Down
The San Diego housing industry not only has a massive oversupply of units to sell, but a great many of them are shoddily built, too large, on tiny lots, and almost identical to the house next door. Is it REALLY so hard to understand why the demand for such a thing has dried-up?
If you wanted "a place to live," would you really want to pay so much .. for so little? How could it seriously occur to anyone that such an idea was smart?
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The mortgage industry has been as volatile as ever lately–especially with interest rates, loan programs and the housing market in general. Unlike the past, we are in unchartered territory as far as economic models go.
Sue
Adult Acne Medications & treatments
We are facing turbulent times with the credit crunch / liquidity crisis, a very possible recession, hedge funds collapsing, small & large banks experiencing major loses and the ups and downs of the bond and stock markets.
Jackson
San Diego California Hotels
You made some good points, and you’re right. Yet I’ve heard some compare the current stock market to the early 70’s. I can actually remember where there wasn’t money available for conventional loans, you had to get your loan in by the first of the month, because you knew they couldn’t commit much later, there was only so much $ to go around. Then again some lenders would only make loans if they had the existing loan. I thought oh well, guess I’ll just have to do FHA/VA loans for a while. We will get through this.
Jillian
San Diego California Real Estate
It’s much harder for troubled borrowers to get a loan now. The lending industry has tightened up standards for lending to elimintate the slide of foreclosures due to subprime lending practices targeting those troubled borrowers. The local media has presented the facts in a negative light, but a return to normalcy is about to occur.
jesse
San Diego County Real Estate