- This topic has 165 replies, 12 voices, and was last updated 15 years, 10 months ago by
Coronita.
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July 9, 2008 at 5:26 PM #236540July 9, 2008 at 5:31 PM #236364CoronitaParticipant
[quote]I have been wondering how this area is holding up. Jumbo rates are often 2 percentage points above conforming. How many people can afford to buy at those rates while also being required to document their income. Contrary to populat Realtor belief rich foreigners are not lining up to buy homes in CV like they might in Del Mar and La Jolla.
Any insight would be appreciated.
[/quote]What about the jumbo conforming (whatever those are called)? I’m thinking that might be helping out slightly. don’t have any data right now…Don’t know. Anyone anyone?
July 9, 2008 at 5:31 PM #236493CoronitaParticipant[quote]I have been wondering how this area is holding up. Jumbo rates are often 2 percentage points above conforming. How many people can afford to buy at those rates while also being required to document their income. Contrary to populat Realtor belief rich foreigners are not lining up to buy homes in CV like they might in Del Mar and La Jolla.
Any insight would be appreciated.
[/quote]What about the jumbo conforming (whatever those are called)? I’m thinking that might be helping out slightly. don’t have any data right now…Don’t know. Anyone anyone?
July 9, 2008 at 5:31 PM #236501CoronitaParticipant[quote]I have been wondering how this area is holding up. Jumbo rates are often 2 percentage points above conforming. How many people can afford to buy at those rates while also being required to document their income. Contrary to populat Realtor belief rich foreigners are not lining up to buy homes in CV like they might in Del Mar and La Jolla.
Any insight would be appreciated.
[/quote]What about the jumbo conforming (whatever those are called)? I’m thinking that might be helping out slightly. don’t have any data right now…Don’t know. Anyone anyone?
July 9, 2008 at 5:31 PM #236546CoronitaParticipant[quote]I have been wondering how this area is holding up. Jumbo rates are often 2 percentage points above conforming. How many people can afford to buy at those rates while also being required to document their income. Contrary to populat Realtor belief rich foreigners are not lining up to buy homes in CV like they might in Del Mar and La Jolla.
Any insight would be appreciated.
[/quote]What about the jumbo conforming (whatever those are called)? I’m thinking that might be helping out slightly. don’t have any data right now…Don’t know. Anyone anyone?
July 9, 2008 at 5:31 PM #236560CoronitaParticipant[quote]I have been wondering how this area is holding up. Jumbo rates are often 2 percentage points above conforming. How many people can afford to buy at those rates while also being required to document their income. Contrary to populat Realtor belief rich foreigners are not lining up to buy homes in CV like they might in Del Mar and La Jolla.
Any insight would be appreciated.
[/quote]What about the jumbo conforming (whatever those are called)? I’m thinking that might be helping out slightly. don’t have any data right now…Don’t know. Anyone anyone?
July 9, 2008 at 5:44 PM #236369raptorduck
ParticipantFLU. I have always enjoyed your sarcastic wit.
July 9, 2008 at 5:44 PM #236498ParticipantFLU. I have always enjoyed your sarcastic wit.
July 9, 2008 at 5:44 PM #236506ParticipantFLU. I have always enjoyed your sarcastic wit.
July 9, 2008 at 5:44 PM #236552ParticipantFLU. I have always enjoyed your sarcastic wit.
July 9, 2008 at 5:44 PM #236565ParticipantFLU. I have always enjoyed your sarcastic wit.
July 9, 2008 at 6:55 PM #236384Fearful
Participant[quote=fat_lazy_union_worker]
What about the jumbo conforming (whatever those are called)? I’m thinking that might be helping out slightly. don’t have any data right now…Don’t know. Anyone anyone?
[/quote]
Haven’t heard too much about the loans FKAJ (formerly known as jumbo). My impression was that the GSEs were reluctant to lend on them because of how their risk tainted the rest of their loan pool, so they had applied stringent criteria.This babbling about Sorrento Valley employers, well, there simply ain’t all that many employers out there, and those that are, well, Qualcomm’s stock price has been flat for eight years. Ain’t no army of silicon valley millionaires being minted there!
I have an “asian invasion” theory I have floated here a couple of times. Still wondering if that is the dominant aspect. I can tell you I live in Sausalito, and the houses being sold, well, whites moving out and chinese moving in. Honestly, no opinion on whether that is good or bad.
July 9, 2008 at 6:55 PM #236513Participant[quote=fat_lazy_union_worker]
What about the jumbo conforming (whatever those are called)? I’m thinking that might be helping out slightly. don’t have any data right now…Don’t know. Anyone anyone?
[/quote]
Haven’t heard too much about the loans FKAJ (formerly known as jumbo). My impression was that the GSEs were reluctant to lend on them because of how their risk tainted the rest of their loan pool, so they had applied stringent criteria.This babbling about Sorrento Valley employers, well, there simply ain’t all that many employers out there, and those that are, well, Qualcomm’s stock price has been flat for eight years. Ain’t no army of silicon valley millionaires being minted there!
I have an “asian invasion” theory I have floated here a couple of times. Still wondering if that is the dominant aspect. I can tell you I live in Sausalito, and the houses being sold, well, whites moving out and chinese moving in. Honestly, no opinion on whether that is good or bad.
July 9, 2008 at 6:55 PM #236521Participant[quote=fat_lazy_union_worker]
What about the jumbo conforming (whatever those are called)? I’m thinking that might be helping out slightly. don’t have any data right now…Don’t know. Anyone anyone?
[/quote]
Haven’t heard too much about the loans FKAJ (formerly known as jumbo). My impression was that the GSEs were reluctant to lend on them because of how their risk tainted the rest of their loan pool, so they had applied stringent criteria.This babbling about Sorrento Valley employers, well, there simply ain’t all that many employers out there, and those that are, well, Qualcomm’s stock price has been flat for eight years. Ain’t no army of silicon valley millionaires being minted there!
I have an “asian invasion” theory I have floated here a couple of times. Still wondering if that is the dominant aspect. I can tell you I live in Sausalito, and the houses being sold, well, whites moving out and chinese moving in. Honestly, no opinion on whether that is good or bad.
July 9, 2008 at 6:55 PM #236568Participant[quote=fat_lazy_union_worker]
What about the jumbo conforming (whatever those are called)? I’m thinking that might be helping out slightly. don’t have any data right now…Don’t know. Anyone anyone?
[/quote]
Haven’t heard too much about the loans FKAJ (formerly known as jumbo). My impression was that the GSEs were reluctant to lend on them because of how their risk tainted the rest of their loan pool, so they had applied stringent criteria.This babbling about Sorrento Valley employers, well, there simply ain’t all that many employers out there, and those that are, well, Qualcomm’s stock price has been flat for eight years. Ain’t no army of silicon valley millionaires being minted there!
I have an “asian invasion” theory I have floated here a couple of times. Still wondering if that is the dominant aspect. I can tell you I live in Sausalito, and the houses being sold, well, whites moving out and chinese moving in. Honestly, no opinion on whether that is good or bad.
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