[Rich Toscano]

edit: I hope I can be forgiven for initially confusing Spring Break with Real World. Spring Break obviously has a far greater impact on the US economy and migration patterns.

Nostradamus, I’m not sure what could be causing the bust… maybe it’s because Silk Stalkings got cancelled.

Rich

[Rich Toscano]

edit: I hope I can be forgiven for initially confusing Spring Break with Real World. Spring Break obviously has a far greater impact on the US economy and migration patterns.

Nostradamus, I’m not sure what could be causing the bust… maybe it’s because Silk Stalkings got cancelled.

Rich

[Rich Toscano]

edit: I hope I can be forgiven for initially confusing Spring Break with Real World. Spring Break obviously has a far greater impact on the US economy and migration patterns.

Nostradamus, I’m not sure what could be causing the bust… maybe it’s because Silk Stalkings got cancelled.

Rich

[Rich Toscano]

Update: here’s the “main” story (the above being the preliminary, this being more in-depth): http://www.signonsandiego.com/news/metro/20071218-9999-1n18prices.html

I look through the comments sometimes, to amuse/sadden myself, and I just had to point out this one:

The housing price boom was simply a matter of the nation discovering how great san diego is. And it all got started way back when we hosted the first superbowl. After that people began to pour into this city, creating a housing shortage. MTV filmed spring break here. More and more national attention was here. Housing prices will never drop 50%, people still want to live in this city…so there will always be a market for houses.

That’s right: all those rich people (with plenty of money to burn on houses) had never heard of San Diego until it was on MTV’s Real World. I guess that Real World must have proceeded up and down the East and West coasts, and into Vegas and Phoenix, and sparked housing bubbles in all those cities too.

Worst bubble rationalization ever.

Rich

[Rich Toscano]

Update: here’s the “main” story (the above being the preliminary, this being more in-depth): http://www.signonsandiego.com/news/metro/20071218-9999-1n18prices.html

I look through the comments sometimes, to amuse/sadden myself, and I just had to point out this one:

The housing price boom was simply a matter of the nation discovering how great san diego is. And it all got started way back when we hosted the first superbowl. After that people began to pour into this city, creating a housing shortage. MTV filmed spring break here. More and more national attention was here. Housing prices will never drop 50%, people still want to live in this city…so there will always be a market for houses.

That’s right: all those rich people (with plenty of money to burn on houses) had never heard of San Diego until it was on MTV’s Real World. I guess that Real World must have proceeded up and down the East and West coasts, and into Vegas and Phoenix, and sparked housing bubbles in all those cities too.

Worst bubble rationalization ever.

Rich

[Rich Toscano]

Update: here’s the “main” story (the above being the preliminary, this being more in-depth): http://www.signonsandiego.com/news/metro/20071218-9999-1n18prices.html

I look through the comments sometimes, to amuse/sadden myself, and I just had to point out this one:

The housing price boom was simply a matter of the nation discovering how great san diego is. And it all got started way back when we hosted the first superbowl. After that people began to pour into this city, creating a housing shortage. MTV filmed spring break here. More and more national attention was here. Housing prices will never drop 50%, people still want to live in this city…so there will always be a market for houses.

That’s right: all those rich people (with plenty of money to burn on houses) had never heard of San Diego until it was on MTV’s Real World. I guess that Real World must have proceeded up and down the East and West coasts, and into Vegas and Phoenix, and sparked housing bubbles in all those cities too.

Worst bubble rationalization ever.

Rich

[Rich Toscano]

Update: here’s the “main” story (the above being the preliminary, this being more in-depth): http://www.signonsandiego.com/news/metro/20071218-9999-1n18prices.html

I look through the comments sometimes, to amuse/sadden myself, and I just had to point out this one:

The housing price boom was simply a matter of the nation discovering how great san diego is. And it all got started way back when we hosted the first superbowl. After that people began to pour into this city, creating a housing shortage. MTV filmed spring break here. More and more national attention was here. Housing prices will never drop 50%, people still want to live in this city…so there will always be a market for houses.

That’s right: all those rich people (with plenty of money to burn on houses) had never heard of San Diego until it was on MTV’s Real World. I guess that Real World must have proceeded up and down the East and West coasts, and into Vegas and Phoenix, and sparked housing bubbles in all those cities too.

Worst bubble rationalization ever.

Rich

[Rich Toscano]

Update: here’s the “main” story (the above being the preliminary, this being more in-depth): http://www.signonsandiego.com/news/metro/20071218-9999-1n18prices.html

I look through the comments sometimes, to amuse/sadden myself, and I just had to point out this one:

The housing price boom was simply a matter of the nation discovering how great san diego is. And it all got started way back when we hosted the first superbowl. After that people began to pour into this city, creating a housing shortage. MTV filmed spring break here. More and more national attention was here. Housing prices will never drop 50%, people still want to live in this city…so there will always be a market for houses.

That’s right: all those rich people (with plenty of money to burn on houses) had never heard of San Diego until it was on MTV’s Real World. I guess that Real World must have proceeded up and down the East and West coasts, and into Vegas and Phoenix, and sparked housing bubbles in all those cities too.

Worst bubble rationalization ever.

Rich

[Rich Toscano]

Rus – He feels (as I do) that mortgage rates are a lot more likely to rise than fall over the next decade and that in the majority of cases it makes sense to lock in a fixed rate. You may or may not agree, but assuming for the sake of argument that this is the case, the point I was attempting to get across is that he’s pretty strict about getting people into the best situation for their long-term net worth as opposed to maximizing the loan amount or any fees. Not trying to impinge anything.

Now get back to your control room and moderate those comments. 😉

Rich

[Rich Toscano]

Rus – He feels (as I do) that mortgage rates are a lot more likely to rise than fall over the next decade and that in the majority of cases it makes sense to lock in a fixed rate. You may or may not agree, but assuming for the sake of argument that this is the case, the point I was attempting to get across is that he’s pretty strict about getting people into the best situation for their long-term net worth as opposed to maximizing the loan amount or any fees. Not trying to impinge anything.

Now get back to your control room and moderate those comments. 😉

Rich

[Rich Toscano]

Rus – He feels (as I do) that mortgage rates are a lot more likely to rise than fall over the next decade and that in the majority of cases it makes sense to lock in a fixed rate. You may or may not agree, but assuming for the sake of argument that this is the case, the point I was attempting to get across is that he’s pretty strict about getting people into the best situation for their long-term net worth as opposed to maximizing the loan amount or any fees. Not trying to impinge anything.

Now get back to your control room and moderate those comments. 😉

Rich

[Rich Toscano]

Rus – He feels (as I do) that mortgage rates are a lot more likely to rise than fall over the next decade and that in the majority of cases it makes sense to lock in a fixed rate. You may or may not agree, but assuming for the sake of argument that this is the case, the point I was attempting to get across is that he’s pretty strict about getting people into the best situation for their long-term net worth as opposed to maximizing the loan amount or any fees. Not trying to impinge anything.

Now get back to your control room and moderate those comments. 😉

Rich

[Rich Toscano]

Rus – He feels (as I do) that mortgage rates are a lot more likely to rise than fall over the next decade and that in the majority of cases it makes sense to lock in a fixed rate. You may or may not agree, but assuming for the sake of argument that this is the case, the point I was attempting to get across is that he’s pretty strict about getting people into the best situation for their long-term net worth as opposed to maximizing the loan amount or any fees. Not trying to impinge anything.

Now get back to your control room and moderate those comments. 😉

Rich

[Rich Toscano]

You already got some suggestions but I will throw in one more — my colleague from my “day job” is a mortgage broker among other things. John Simon, [email protected]. He’s extremely honorable and smart, and he’s never written a neg-am or IO loan (and I think maybe only one or two adjustable rate loans).

Rich

[Rich Toscano]

You already got some suggestions but I will throw in one more — my colleague from my “day job” is a mortgage broker among other things. John Simon, [email protected]. He’s extremely honorable and smart, and he’s never written a neg-am or IO loan (and I think maybe only one or two adjustable rate loans).

Rich

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