It’s not as dismal as you say. I’m in the lending biz.
Conforming loans have NOT gone up and they are NOT harder to get.
The thirst for returns from Wall Street is NOT going to disappear, and conforming rates will NOT be out of whack.
Everything to a lender is risk/reward. Until they sort out the new guidelines, it was easier to just say no for now, which created the current situation. It ISN’T permanent.
The mentality of a primary residence as an investment needs to go away. It’s a life style choice like buying a car.
Your math is perfect for an investor, and of course it doesn’t make sense in our area. NICE ?
