chiph – develop a thick skin and you do fine here….
Chiph – lets talk about the San Diego market in general since that is my own selfish world. What do you see the FHA limits being pushed up to? Do you think the 125% of the median will happen as it is trying to wind it’s way through congress?
The biggest thing that I am concerned with, is that here we are basically providing taxpayers money to now insure people who could not afford their own home to begin with. Even with stronger underwriting I am worried that we now take someone who has once failed, rewrite their loan, then they struggle a few more months, then they lose their job then my tax dollars go to work for them…
This is my big concern. I am much happier with the way things are now and I am a big believer in letting the market forces capitulate like they need to do.
