[arnie]

From what I have been reading here, I am coming to the two following conclusions.

First, that the Federal efforts to fix housing are being made to help out owners of houses that are close to the national median price. San Diego is so off the charts compared to the rest of the country that most of the impact from the Federal government is not going to be felt here as opposed to, say, Iowa.

Second, that the Federal efforts to fix housing are in no way intended to prop up prices or to re-inflate the bubble. At this point, they know it will go down further, but are trying to prevent an overcorrection that is often seen in the aftermath of an asset bubble.

Having said that, I agree that the bottom is nowhere near in San Diego and, because of the above, that it will take longer and not have the deep overcorrection that many here have been hoping for.

[arnie]

From what I have been reading here, I am coming to the two following conclusions.

First, that the Federal efforts to fix housing are being made to help out owners of houses that are close to the national median price. San Diego is so off the charts compared to the rest of the country that most of the impact from the Federal government is not going to be felt here as opposed to, say, Iowa.

Second, that the Federal efforts to fix housing are in no way intended to prop up prices or to re-inflate the bubble. At this point, they know it will go down further, but are trying to prevent an overcorrection that is often seen in the aftermath of an asset bubble.

Having said that, I agree that the bottom is nowhere near in San Diego and, because of the above, that it will take longer and not have the deep overcorrection that many here have been hoping for.

[arnie]

From what I have been reading here, I am coming to the two following conclusions.

First, that the Federal efforts to fix housing are being made to help out owners of houses that are close to the national median price. San Diego is so off the charts compared to the rest of the country that most of the impact from the Federal government is not going to be felt here as opposed to, say, Iowa.

Second, that the Federal efforts to fix housing are in no way intended to prop up prices or to re-inflate the bubble. At this point, they know it will go down further, but are trying to prevent an overcorrection that is often seen in the aftermath of an asset bubble.

Having said that, I agree that the bottom is nowhere near in San Diego and, because of the above, that it will take longer and not have the deep overcorrection that many here have been hoping for.

[arnie]

From what I have been reading here, I am coming to the two following conclusions.

First, that the Federal efforts to fix housing are being made to help out owners of houses that are close to the national median price. San Diego is so off the charts compared to the rest of the country that most of the impact from the Federal government is not going to be felt here as opposed to, say, Iowa.

Second, that the Federal efforts to fix housing are in no way intended to prop up prices or to re-inflate the bubble. At this point, they know it will go down further, but are trying to prevent an overcorrection that is often seen in the aftermath of an asset bubble.

Having said that, I agree that the bottom is nowhere near in San Diego and, because of the above, that it will take longer and not have the deep overcorrection that many here have been hoping for.

[arnie]

From what I have been reading here, I am coming to the two following conclusions.

First, that the Federal efforts to fix housing are being made to help out owners of houses that are close to the national median price. San Diego is so off the charts compared to the rest of the country that most of the impact from the Federal government is not going to be felt here as opposed to, say, Iowa.

Second, that the Federal efforts to fix housing are in no way intended to prop up prices or to re-inflate the bubble. At this point, they know it will go down further, but are trying to prevent an overcorrection that is often seen in the aftermath of an asset bubble.

Having said that, I agree that the bottom is nowhere near in San Diego and, because of the above, that it will take longer and not have the deep overcorrection that many here have been hoping for.

[arnie]

When an arm loan resets does the lender look at LTV ratios when determining the new interest rate? If so, I can’t imagine a lot of people getting more attractive rates if the homeowner has lost a significant amount of equity. Doesn’t a high LTV, by definition, make it a more risky loan?

[arnie]

When an arm loan resets does the lender look at LTV ratios when determining the new interest rate? If so, I can’t imagine a lot of people getting more attractive rates if the homeowner has lost a significant amount of equity. Doesn’t a high LTV, by definition, make it a more risky loan?

[arnie]

When an arm loan resets does the lender look at LTV ratios when determining the new interest rate? If so, I can’t imagine a lot of people getting more attractive rates if the homeowner has lost a significant amount of equity. Doesn’t a high LTV, by definition, make it a more risky loan?

[arnie]

When an arm loan resets does the lender look at LTV ratios when determining the new interest rate? If so, I can’t imagine a lot of people getting more attractive rates if the homeowner has lost a significant amount of equity. Doesn’t a high LTV, by definition, make it a more risky loan?

[arnie]

When an arm loan resets does the lender look at LTV ratios when determining the new interest rate? If so, I can’t imagine a lot of people getting more attractive rates if the homeowner has lost a significant amount of equity. Doesn’t a high LTV, by definition, make it a more risky loan?

[arnie]

My wife works in property management (about 1000 units in San Diego) and tells me that occupancy is down over the last few months and continues to fall. As this continues to occur, it’s only a matter of time before rents follow suit.

[arnie]

My wife works in property management (about 1000 units in San Diego) and tells me that occupancy is down over the last few months and continues to fall. As this continues to occur, it’s only a matter of time before rents follow suit.

[arnie]

My wife works in property management (about 1000 units in San Diego) and tells me that occupancy is down over the last few months and continues to fall. As this continues to occur, it’s only a matter of time before rents follow suit.

[arnie]

My wife works in property management (about 1000 units in San Diego) and tells me that occupancy is down over the last few months and continues to fall. As this continues to occur, it’s only a matter of time before rents follow suit.

[arnie]

My wife works in property management (about 1000 units in San Diego) and tells me that occupancy is down over the last few months and continues to fall. As this continues to occur, it’s only a matter of time before rents follow suit.

[Author]

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