So Rich it sounds like you are being tempted to buy. I think there are probably a lot of people out there that have sufficient incomes to buy above $700k but may not have good credit or be short on cash right now. Before being a homeoccupier(it’s not mine yet) I would have probably agreed with bearishgurl, but now in this market while living in San Diego I think it is a good move on the governments part as now they can shovel in a bunch of cash as upfrontMIP and really how much lower can houses get? Ooops maybe I shouldn’t have asked that. By the way I’m still treading water.
