Yellow pages are effective in locating list of apartments ina given area. I called 30 apartments and find out availability, rent, deposit, size etc. I never needed an agent to find a rental.
Why do mortgage lenders go out of business ? I thought the banks resell 30 yr fixed loans in the secondary market. Is the same true for sub-prime loans, interest only loans and ARMs ?
I see a long term standoff in California real estate markets. Thanks to outsized gains, property taxes limited by Prop 13 and green belt laws some of potential sellers in coastal California can wait unless they get an offer they like.
Markets like Riverside, Central Valley and Sacramento will tumble due to lack of incomes to support the home prices.
I see a long term standoff in California real estate markets. Thanks to outsized gains, property taxes limited by Prop 13 and green belt laws some of potential sellers in coastal California can wait unless they get an offer they like.
Markets like Riverside, Central Valley and Sacramento will tumble due to lack of incomes to support the home prices.
December 14, 2006 at 7:26 PM
in reply to: anger??#41753
people who have 30 yr fixed mortgages and who can afford their mortgage payments will do fine. Just look at your home as a social investment not a financial one.
if you have a stable or declining population you do not have to create as many jobs as America needs to. They have large investments in foreign countries that can sustain their lifestyle.
i sometimes feel that the oversupply of dollars has inflated asset values in USA. Sometimes we might be better off buying overpriced homes. I am getting slaughtered keeping money as cash. I did okay this year investing in foreign stock markets.
i think powayseller is too negative. some folks will declare bankruptcy and move on. we will be paying for the actions of those folks. some people will give up every expense before giving up their home.
