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JerseyGrl
ParticipantI have been wondering about how this will play out; former home owners turning into renters. If they go bankrupt/foreclosed on their credit goes to crap, right? Everytime we’ve rented a new house the landlord runs a credit check. Will it be difficult for people with ruined credit to rent a property? How will owners of rental property/property managers view the new crop of wannabe renters with bad credit?
ParticipantSD Resltor
Thanks, very interesting. I’m curious; does the seller in Lemon Grove need to sell? I see all these houses for sale and can’t help wondering; where is everone going?
ParticipantSD Resltor
Thanks, very interesting. I’m curious; does the seller in Lemon Grove need to sell? I see all these houses for sale and can’t help wondering; where is everone going?
ParticipantSD Resltor
Thanks, very interesting. I’m curious; does the seller in Lemon Grove need to sell? I see all these houses for sale and can’t help wondering; where is everone going?
ParticipantWell, how in heck can anyone afford a home in San Diego without these goofy loans? Isn’t that what kept the party going? What do you suppose will happen if/when lenders require 20% down and fixed rated for any purchase? How many San Diegans have 200 thousands dollars for a downpayment?
I don’t see asking prices coming down in my South Park neighborhood, where the average cottage costs 650,000. Longer days on the market, but eventually somebody pays these exorbitant prices. I doubt they’re using much in the way of downpayment. One of my colleagues just made an offer on a 650, 000 dollar condo (doesn’t even have a garage). They only have about 5 grand to use as a down payment. OF COURSE they will use an adjustable. There’s no other way to afford it!
ParticipantWell, how in heck can anyone afford a home in San Diego without these goofy loans? Isn’t that what kept the party going? What do you suppose will happen if/when lenders require 20% down and fixed rated for any purchase? How many San Diegans have 200 thousands dollars for a downpayment?
I don’t see asking prices coming down in my South Park neighborhood, where the average cottage costs 650,000. Longer days on the market, but eventually somebody pays these exorbitant prices. I doubt they’re using much in the way of downpayment. One of my colleagues just made an offer on a 650, 000 dollar condo (doesn’t even have a garage). They only have about 5 grand to use as a down payment. OF COURSE they will use an adjustable. There’s no other way to afford it!
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