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  • December 18, 2007 at 8:50 AM #119762
    HLS
    Participant

    Kev,
    You need to start talking to people who understand what is happening, and not those who are in denial…

    Their income depends on being unrealistic/optimistic.
    He’s entitled to his opinion.

    It might help in the midwest or cheap home areas, but it isn’t going to help So Cal.

    Warren Buffet said it best: “Never ask a barber if you need a haircut”

    December 18, 2007 at 9:39 AM #119811
    NotCranky
    Participant

    All this FHA limit tells me , so far, is that they are laying the ground work for inflation to have some room this sector of the mortgage market. One day down the road these limits will need to get raised again. What will housing cost then?

    Also the O.P. said his agent told him limits were going to go to 650K in CA. I can’t find that surfing the web. Does anyone have the a link?

    December 18, 2007 at 9:39 AM #119792
    NotCranky
    Participant

    All this FHA limit tells me , so far, is that they are laying the ground work for inflation to have some room this sector of the mortgage market. One day down the road these limits will need to get raised again. What will housing cost then?

    Also the O.P. said his agent told him limits were going to go to 650K in CA. I can’t find that surfing the web. Does anyone have the a link?

    December 18, 2007 at 9:39 AM #119747
    NotCranky
    Participant

    All this FHA limit tells me , so far, is that they are laying the ground work for inflation to have some room this sector of the mortgage market. One day down the road these limits will need to get raised again. What will housing cost then?

    Also the O.P. said his agent told him limits were going to go to 650K in CA. I can’t find that surfing the web. Does anyone have the a link?

    December 18, 2007 at 9:39 AM #119714
    NotCranky
    Participant

    All this FHA limit tells me , so far, is that they are laying the ground work for inflation to have some room this sector of the mortgage market. One day down the road these limits will need to get raised again. What will housing cost then?

    Also the O.P. said his agent told him limits were going to go to 650K in CA. I can’t find that surfing the web. Does anyone have the a link?

    December 18, 2007 at 9:39 AM #119579
    NotCranky
    Participant

    All this FHA limit tells me , so far, is that they are laying the ground work for inflation to have some room this sector of the mortgage market. One day down the road these limits will need to get raised again. What will housing cost then?

    Also the O.P. said his agent told him limits were going to go to 650K in CA. I can’t find that surfing the web. Does anyone have the a link?

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