Home › Forums › Housing › Here come the first rumblings of the Alt-A Meltdown › Considering the prices in
Considering the prices in California, most buyers were Alt-A or below.
Given that it takes $150k income to qualify for $400k mortgage, few buyers met the truly “prime” qualifications.
As this housing cold spreads, I wouldn’t be surprised to see the mid prime and prime markets getting infected also.
