92104 Distressed Market

[kewp]

barnaby33,

I was talking about your evil twin.

You are all good, bro.

[(former)FormerSanDiegan]

Although I’m sure there are other zip codes that are also considered distressed, I’m not being asked to put down at least 15% in the other neighborhoods I’m considering – just North Park.

Thanks for clarifying that. Just wanted to see how local the lenders are getting.
What other zip codes are you considering ?

[(former)FormerSanDiegan]

Although I’m sure there are other zip codes that are also considered distressed, I’m not being asked to put down at least 15% in the other neighborhoods I’m considering – just North Park.

Thanks for clarifying that. Just wanted to see how local the lenders are getting.
What other zip codes are you considering ?

[(former)FormerSanDiegan]

Although I’m sure there are other zip codes that are also considered distressed, I’m not being asked to put down at least 15% in the other neighborhoods I’m considering – just North Park.

Thanks for clarifying that. Just wanted to see how local the lenders are getting.
What other zip codes are you considering ?

[patientlywaiting]

15% seems pretty reasonable to me. 20% is more like it.

Personally, I think that we should get rid of FHA, VA, Cal Vet, and the GSEs. If financing is expensive, prices of houses will adjust downward automatically. Why have all the bureaucracies when the markets can take care of themselves?

[patientlywaiting]

15% seems pretty reasonable to me. 20% is more like it.

Personally, I think that we should get rid of FHA, VA, Cal Vet, and the GSEs. If financing is expensive, prices of houses will adjust downward automatically. Why have all the bureaucracies when the markets can take care of themselves?

[patientlywaiting]

15% seems pretty reasonable to me. 20% is more like it.

Personally, I think that we should get rid of FHA, VA, Cal Vet, and the GSEs. If financing is expensive, prices of houses will adjust downward automatically. Why have all the bureaucracies when the markets can take care of themselves?

[4plexowner]

“Personally, I think that we should get rid of FHA, VA, Cal Vet, and the GSEs.”

Amen.

The current housing insanity started in the 1960’s with FHA.

Whenever the government gets involved in free markets (FHA, VA, GSEs, etc) they f*ck them up.

If you do the research you will find that all these govt programs that are intended to make housing more affordable have actually made it LESS affordable.

[4plexowner]

“Personally, I think that we should get rid of FHA, VA, Cal Vet, and the GSEs.”

Amen.

The current housing insanity started in the 1960’s with FHA.

Whenever the government gets involved in free markets (FHA, VA, GSEs, etc) they f*ck them up.

If you do the research you will find that all these govt programs that are intended to make housing more affordable have actually made it LESS affordable.

[4plexowner]

“Personally, I think that we should get rid of FHA, VA, Cal Vet, and the GSEs.”

Amen.

The current housing insanity started in the 1960’s with FHA.

Whenever the government gets involved in free markets (FHA, VA, GSEs, etc) they f*ck them up.

If you do the research you will find that all these govt programs that are intended to make housing more affordable have actually made it LESS affordable.

[Duranimal]

Excellent analogy.

[Duranimal]

Excellent analogy.

[Duranimal]

Excellent analogy.

[Duranimal]

I don’t think so because it would seem to me that lenders could get in trouble for “redlining” – refusing to make loans in undesirable neighborhoods.

I was told that the lender uses an independent third party who makes the designations.

[Duranimal]

I don’t think so because it would seem to me that lenders could get in trouble for “redlining” – refusing to make loans in undesirable neighborhoods.

I was told that the lender uses an independent third party who makes the designations.

[Author]

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