sedwick19– I assume you’re being a little bit sarcastic unless you’re talking about the whole session with Chamberlain and the shills (whoops, I meant guys) from MarketPointe.
George was basically the warm up act, telling a few jokes and thereby reassuring the huddled masses (hey, it was a little chilly that morning) that there was nothing to be worried about here, move along. Well, that is, after you buy a house since “It’s always a great time to buy!” ™.
Things I learned:
It’s warmer here in San Diego than most of the rest of the country
There are 350-357 GPDs here (those are Golf Playable Days)
Not really a foreclosure problem becuase only 10% of borrowers are in the excessive obligation category.
Only 1 in 6 borrowers have ARMs, so again, no worries there
Children of homeowners do better in school than children of renters
Fortune magazine did a cover article on the housing bust in 2002. Ha ha, so everyone must still be wrong
Anyway, those are the highlights that I can remember, but you can see the whole thing for yourself right here.
