[quote=spdrun]Millenials can’t get loans that easily. And — OOPS! — looks like Fannie Mae is bleeding again. So much for those 3% down loans for everyone. Mel the Skell is begging Congress for a bailout. Something a GOP Congress isn’t likely to want to give to Obama’s stooge…
Note that I’m usually liberal, but I don’t think that your average Joe is cut out to own a home, or a dog shack for that matter.[/quote]
The problem with your narrative is that you aren’t going to find too many people doing a 3% down loan in Silicon Valley for a SFH that runs around $1million, in the same way you probably won’t find too many people doing a 3% loan in LJ,RSF,DelMar,etc,etc,etc. Wrong type of real estate sub-market to be talking about 3% down loans…Try again.
