“income solving loans with no closing costs”

[moneymaker]

What does this commercial remind you of? Bubblicious liar loans? Not sure how Cash Call is doing it but that is what they advertise.

[sdsurfer]

I’m thinking it’s just lots of fine print they are not advertising as far as their rates, if you qualify, etc. Liar loans to me are more along the lines of stated income vs. the income verification aspect that I know is present in the current market to get a loan.

[no_such_reality]

Might be a HUD backed program, BofA has a very similar name for it.

[The-Shoveler]

Still has a few years to run IMO. (well unless something else causes an economic crash that is NOT housing).

When they have been overbuilding for a few years then I would become concerned.

[spdrun]

Concerned? Elated! 2008 was fun.

[poorgradstudent]

[quote=The-Shoveler]Still has a few years to run IMO. (well unless something else causes an economic crash that is NOT housing).

When they have been overbuilding for a few years then I would become concerned.[/quote]

Yup. Housing prices are high, but supply is thin, so there’s no downward pressure on prices. And it’s not like there are a bunch of housing projects being built all over San Diego County.

I think these commercials are more a sign of the times that a lot of people currently have inflated home values relative to what they paid and probably wouldn’t mind getting some of that cash in their pocket. I wouldn’t be shocked if prices dip at some point in the next couple years, but I expect more of a “typical” correction than a big bubble popping.

[Author]

Posts