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Scarlett
Participant[quote=bearishgurl][quote=AN]Why set a arbitrary low limit like $250k? Why not require 50% down and have no limit? A $250k with 5-20% down is much riskier than a $500k loan with 50% down.[/quote]
Actually, I believe in other countries, including some countries in Europe, a 50% downpayment IS required when buying property.[/quote]
You betcha!
Participant[quote=bearishgurl][quote=AN]Why set a arbitrary low limit like $250k? Why not require 50% down and have no limit? A $250k with 5-20% down is much riskier than a $500k loan with 50% down.[/quote]
Actually, I believe in other countries, including some countries in Europe, a 50% downpayment IS required when buying property.[/quote]
You betcha!
Participant[quote=bearishgurl][quote=AN]Why set a arbitrary low limit like $250k? Why not require 50% down and have no limit? A $250k with 5-20% down is much riskier than a $500k loan with 50% down.[/quote]
Actually, I believe in other countries, including some countries in Europe, a 50% downpayment IS required when buying property.[/quote]
You betcha!
Participant[quote=bearishgurl][quote=AN]Why set a arbitrary low limit like $250k? Why not require 50% down and have no limit? A $250k with 5-20% down is much riskier than a $500k loan with 50% down.[/quote]
Actually, I believe in other countries, including some countries in Europe, a 50% downpayment IS required when buying property.[/quote]
You betcha!
Participant[quote=bearishgurl][quote=AN]Why set a arbitrary low limit like $250k? Why not require 50% down and have no limit? A $250k with 5-20% down is much riskier than a $500k loan with 50% down.[/quote]
Actually, I believe in other countries, including some countries in Europe, a 50% downpayment IS required when buying property.[/quote]
You betcha!
ParticipantThe rule they should add is the one that Brian suggested: make the loan regular limit 250K; then jumbo loans up to 417K. All of them with 15-20% down of course.
ParticipantThe rule they should add is the one that Brian suggested: make the loan regular limit 250K; then jumbo loans up to 417K. All of them with 15-20% down of course.
ParticipantThe rule they should add is the one that Brian suggested: make the loan regular limit 250K; then jumbo loans up to 417K. All of them with 15-20% down of course.
ParticipantThe rule they should add is the one that Brian suggested: make the loan regular limit 250K; then jumbo loans up to 417K. All of them with 15-20% down of course.
ParticipantThe rule they should add is the one that Brian suggested: make the loan regular limit 250K; then jumbo loans up to 417K. All of them with 15-20% down of course.
Participant[quote=briansd1]IMHO, the most important factor affecting San Diego and other high-cost housing markets is the availability of large loans. Reduce the limit to something like $250k, and prices will come down. Builders will build cheaper houses — supply and demand (demand includes the willingness and ABILITY to pay).[/quote]
Yes, that’s a very good idea. Why don’t they? 250K seems pretty reasonable for regular loans and rates if you have 15-20% down. And jumbo loans should be between 250K and 417K.
Participant[quote=briansd1]IMHO, the most important factor affecting San Diego and other high-cost housing markets is the availability of large loans. Reduce the limit to something like $250k, and prices will come down. Builders will build cheaper houses — supply and demand (demand includes the willingness and ABILITY to pay).[/quote]
Yes, that’s a very good idea. Why don’t they? 250K seems pretty reasonable for regular loans and rates if you have 15-20% down. And jumbo loans should be between 250K and 417K.
Participant[quote=briansd1]IMHO, the most important factor affecting San Diego and other high-cost housing markets is the availability of large loans. Reduce the limit to something like $250k, and prices will come down. Builders will build cheaper houses — supply and demand (demand includes the willingness and ABILITY to pay).[/quote]
Yes, that’s a very good idea. Why don’t they? 250K seems pretty reasonable for regular loans and rates if you have 15-20% down. And jumbo loans should be between 250K and 417K.
Participant[quote=briansd1]IMHO, the most important factor affecting San Diego and other high-cost housing markets is the availability of large loans. Reduce the limit to something like $250k, and prices will come down. Builders will build cheaper houses — supply and demand (demand includes the willingness and ABILITY to pay).[/quote]
Yes, that’s a very good idea. Why don’t they? 250K seems pretty reasonable for regular loans and rates if you have 15-20% down. And jumbo loans should be between 250K and 417K.
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