cash call commercial

[moneymaker]

Saw a commercial by “cash call” today that said I could use my home as a bank. Does that ring any bells? Can’t find any SFH in my zip for less than I paid for our SFH back in 2009, the condos are only slightly less, but not much. Also heard on the news that delinquencies are starting to rise. Could the “bubble” be pricked? Rising inventories would confirm.

[asitl]

Cash call has been doing mortgages and HELOCS since atleast 2010. Not sure why everyone is pointing to one decent company that’s revamped their business from predatory lending to more conventional lending as the sign of the apocalypse.

[Rich Toscano]

“Can’t find any SFH in my zip for less than I paid for our SFH back in 2009”

Why would you expect otherwise? 2009 was a long time ago, and at the depth of the financial crisis (and the nominal bottom for SD home prices).

[Anonymous]

One company marketing HELOCs is really not any indication of a bubble.

“delinquencies are starting to rise” could be an indicator, but I’d have to see more substantial data.

I hope Gary Coleman is doing well.

[Rich Toscano]

[quote=harvey]
I hope Gary Coleman is doing well.[/quote]

Too soon!

[Anonymous]

[quote=Rich Toscano][quote=harvey]
I hope Gary Coleman is doing well.[/quote]

Too soon![/quote]

Ooops. I didn’t know that he had passed when I wrote that. It has been seven years though.

I would never want my children to be famous, especially when they are young.

[moneymaker]

Have noticed inventory seems to be increasing in the cheaper zip codes as opposed to the pricier ones. La Mesa is still pretty tight inventory wise, i could use a euphemism here but I shall resist.

[spdrun]

That’s good for you — cheaper ZIP codes are better for rental property.

On the other hand, the root cause is likely bad: immigrant families spooked by the s**t-g****n in the White Bordel.

[Author]

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