Is the High End “Correction” Just Starting ?

[SD Realtor]

Hopefully what is just starting is the end of the denial by high end homeowners. Judging by the stickiness though it is a darn slow start.

[cr]

I’d argue the relatively small decline in the high end up to this point is more a result of tighter lending standards and fewer exotic mortgage products.

[cr]

I’d argue the relatively small decline in the high end up to this point is more a result of tighter lending standards and fewer exotic mortgage products.

[cr]

I’d argue the relatively small decline in the high end up to this point is more a result of tighter lending standards and fewer exotic mortgage products.

[cr]

I’d argue the relatively small decline in the high end up to this point is more a result of tighter lending standards and fewer exotic mortgage products.

[cr]

I’d argue the relatively small decline in the high end up to this point is more a result of tighter lending standards and fewer exotic mortgage products.

[sdnerd]

I’ve made this point previously, but this scenario only becomes an issue if the ARM adjusts at a rate higher then it’s currently at.

My ARM adjusts this year, and my rate is going down somewhere between 1-2% based on today’s rates! I’ll be below comparable rental rates by a good margin.

We have artificially low rates right now, and I believe we are going to see the same for years to come. If you keep rates low, and keep pumping money into the system – eventually inflation will catch up.

Now if you had a neg-am, that’s another issue.

[sdnerd]

I’ve made this point previously, but this scenario only becomes an issue if the ARM adjusts at a rate higher then it’s currently at.

My ARM adjusts this year, and my rate is going down somewhere between 1-2% based on today’s rates! I’ll be below comparable rental rates by a good margin.

We have artificially low rates right now, and I believe we are going to see the same for years to come. If you keep rates low, and keep pumping money into the system – eventually inflation will catch up.

Now if you had a neg-am, that’s another issue.

[sdnerd]

I’ve made this point previously, but this scenario only becomes an issue if the ARM adjusts at a rate higher then it’s currently at.

My ARM adjusts this year, and my rate is going down somewhere between 1-2% based on today’s rates! I’ll be below comparable rental rates by a good margin.

We have artificially low rates right now, and I believe we are going to see the same for years to come. If you keep rates low, and keep pumping money into the system – eventually inflation will catch up.

Now if you had a neg-am, that’s another issue.

[sdnerd]

I’ve made this point previously, but this scenario only becomes an issue if the ARM adjusts at a rate higher then it’s currently at.

My ARM adjusts this year, and my rate is going down somewhere between 1-2% based on today’s rates! I’ll be below comparable rental rates by a good margin.

We have artificially low rates right now, and I believe we are going to see the same for years to come. If you keep rates low, and keep pumping money into the system – eventually inflation will catch up.

Now if you had a neg-am, that’s another issue.

[sdnerd]

I’ve made this point previously, but this scenario only becomes an issue if the ARM adjusts at a rate higher then it’s currently at.

My ARM adjusts this year, and my rate is going down somewhere between 1-2% based on today’s rates! I’ll be below comparable rental rates by a good margin.

We have artificially low rates right now, and I believe we are going to see the same for years to come. If you keep rates low, and keep pumping money into the system – eventually inflation will catch up.

Now if you had a neg-am, that’s another issue.

[zk]

[quote=sdnerd]
Now if you had a neg-am, that’s another issue.[/quote]

Or if you had an interest-only loan. There are lots of neg-am and IO loans out there.

[zk]

[quote=sdnerd]
Now if you had a neg-am, that’s another issue.[/quote]

Or if you had an interest-only loan. There are lots of neg-am and IO loans out there.

[zk]

[quote=sdnerd]
Now if you had a neg-am, that’s another issue.[/quote]

Or if you had an interest-only loan. There are lots of neg-am and IO loans out there.

[zk]

[quote=sdnerd]
Now if you had a neg-am, that’s another issue.[/quote]

Or if you had an interest-only loan. There are lots of neg-am and IO loans out there.

[Author]

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