I have lost a lot of faith in the residential mortgage/real estate industry. There is just too much bullsh*t going on. Case in point, an example of advice a mortgage broker gave to a guy looking to buy in Orange County:
“…with giving purchasing advice.. its all subjective… i could really care less what the market is doind, is all about “do i like this house, is it worth the money TO ME not OTHERS, is it a “keeper”? does it fit my budget?”