[temeculaguy]

Another city tried to make a regulation about home loans a few years back, I think it was in the South and it was something to do with not allowing banks to charge PMI or something. The result was three months where not a single loan was approved and national lenders just refused to loan money to people in that area. The locality gave up after they realized they were doing more harm than good and they can’t legislate private companies into losing money.

Philly will cause the same thing to happen, no new loans will be initiated because the lenders will have no options if they arent paid back, they will just blacklist Philly. Those who are only mildly struggling, making their payments but needing to refi out of a toxic loan will be turned down because of their wacky city council, I give it 90 days, tops.

This is not the first time a government entity had tried to deny the invisible hand of economics, it’s never worked before and it wont work now.

[temeculaguy]

Another city tried to make a regulation about home loans a few years back, I think it was in the South and it was something to do with not allowing banks to charge PMI or something. The result was three months where not a single loan was approved and national lenders just refused to loan money to people in that area. The locality gave up after they realized they were doing more harm than good and they can’t legislate private companies into losing money.

Philly will cause the same thing to happen, no new loans will be initiated because the lenders will have no options if they arent paid back, they will just blacklist Philly. Those who are only mildly struggling, making their payments but needing to refi out of a toxic loan will be turned down because of their wacky city council, I give it 90 days, tops.

This is not the first time a government entity had tried to deny the invisible hand of economics, it’s never worked before and it wont work now.

[temeculaguy]

Another city tried to make a regulation about home loans a few years back, I think it was in the South and it was something to do with not allowing banks to charge PMI or something. The result was three months where not a single loan was approved and national lenders just refused to loan money to people in that area. The locality gave up after they realized they were doing more harm than good and they can’t legislate private companies into losing money.

Philly will cause the same thing to happen, no new loans will be initiated because the lenders will have no options if they arent paid back, they will just blacklist Philly. Those who are only mildly struggling, making their payments but needing to refi out of a toxic loan will be turned down because of their wacky city council, I give it 90 days, tops.

This is not the first time a government entity had tried to deny the invisible hand of economics, it’s never worked before and it wont work now.

[temeculaguy]

Another city tried to make a regulation about home loans a few years back, I think it was in the South and it was something to do with not allowing banks to charge PMI or something. The result was three months where not a single loan was approved and national lenders just refused to loan money to people in that area. The locality gave up after they realized they were doing more harm than good and they can’t legislate private companies into losing money.

Philly will cause the same thing to happen, no new loans will be initiated because the lenders will have no options if they arent paid back, they will just blacklist Philly. Those who are only mildly struggling, making their payments but needing to refi out of a toxic loan will be turned down because of their wacky city council, I give it 90 days, tops.

This is not the first time a government entity had tried to deny the invisible hand of economics, it’s never worked before and it wont work now.

[temeculaguy]

Another city tried to make a regulation about home loans a few years back, I think it was in the South and it was something to do with not allowing banks to charge PMI or something. The result was three months where not a single loan was approved and national lenders just refused to loan money to people in that area. The locality gave up after they realized they were doing more harm than good and they can’t legislate private companies into losing money.

Philly will cause the same thing to happen, no new loans will be initiated because the lenders will have no options if they arent paid back, they will just blacklist Philly. Those who are only mildly struggling, making their payments but needing to refi out of a toxic loan will be turned down because of their wacky city council, I give it 90 days, tops.

This is not the first time a government entity had tried to deny the invisible hand of economics, it’s never worked before and it wont work now.

[temeculaguy]

Wait, it is still 2006 in Encinitas as far as pricing goes. Another reason to wait is that is it spring, Encintas is primarily comprised of families and families include women and women experience their greatest nesting urge in spring. Coupled with the fact that men experience their greatest procreation urge in spring, thus succumbing to their mate’s nesting urge in trade. Encinitas will get a false bounce in the spring, better buys are to be found in August or September when the divorce hormone is most prevalent.

Sorry, thougt I’d put into medical terms as much as possible, but spring is a terrible time to buy in any area. Spring is the season to rent. November or December, now were talking, unfortunately for Encinitas, November of 2009 is the earliest planned arrival of the pain train.

[temeculaguy]

Wait, it is still 2006 in Encinitas as far as pricing goes. Another reason to wait is that is it spring, Encintas is primarily comprised of families and families include women and women experience their greatest nesting urge in spring. Coupled with the fact that men experience their greatest procreation urge in spring, thus succumbing to their mate’s nesting urge in trade. Encinitas will get a false bounce in the spring, better buys are to be found in August or September when the divorce hormone is most prevalent.

Sorry, thougt I’d put into medical terms as much as possible, but spring is a terrible time to buy in any area. Spring is the season to rent. November or December, now were talking, unfortunately for Encinitas, November of 2009 is the earliest planned arrival of the pain train.

[temeculaguy]

Wait, it is still 2006 in Encinitas as far as pricing goes. Another reason to wait is that is it spring, Encintas is primarily comprised of families and families include women and women experience their greatest nesting urge in spring. Coupled with the fact that men experience their greatest procreation urge in spring, thus succumbing to their mate’s nesting urge in trade. Encinitas will get a false bounce in the spring, better buys are to be found in August or September when the divorce hormone is most prevalent.

Sorry, thougt I’d put into medical terms as much as possible, but spring is a terrible time to buy in any area. Spring is the season to rent. November or December, now were talking, unfortunately for Encinitas, November of 2009 is the earliest planned arrival of the pain train.

[temeculaguy]

Wait, it is still 2006 in Encinitas as far as pricing goes. Another reason to wait is that is it spring, Encintas is primarily comprised of families and families include women and women experience their greatest nesting urge in spring. Coupled with the fact that men experience their greatest procreation urge in spring, thus succumbing to their mate’s nesting urge in trade. Encinitas will get a false bounce in the spring, better buys are to be found in August or September when the divorce hormone is most prevalent.

Sorry, thougt I’d put into medical terms as much as possible, but spring is a terrible time to buy in any area. Spring is the season to rent. November or December, now were talking, unfortunately for Encinitas, November of 2009 is the earliest planned arrival of the pain train.

[temeculaguy]

Wait, it is still 2006 in Encinitas as far as pricing goes. Another reason to wait is that is it spring, Encintas is primarily comprised of families and families include women and women experience their greatest nesting urge in spring. Coupled with the fact that men experience their greatest procreation urge in spring, thus succumbing to their mate’s nesting urge in trade. Encinitas will get a false bounce in the spring, better buys are to be found in August or September when the divorce hormone is most prevalent.

Sorry, thougt I’d put into medical terms as much as possible, but spring is a terrible time to buy in any area. Spring is the season to rent. November or December, now were talking, unfortunately for Encinitas, November of 2009 is the earliest planned arrival of the pain train.

[temeculaguy]

I just realized something else, after reading a lot of the political and financial posts and articles, mark these words. Real estate investors will become the new “smokers.” Politicians will crucify them with new taxes and regulations, lenders will avoid them, foreign investors will put them into a new category and the public will give them no pity or support. All of the presidential candidates from either party end their speaches with the caveat in essence saying f&#k the investors. Not the wall street investor mind you but the little guy buying a rental property or two. I’d be wary of entering that endeavor right now, there’s a mob forming and the most likely scapegoat is the small time R/E investor. All that’s left is for Angelina Jolie or Tim Robbins to start making public statements against flippers and landlords, it’s gonna happen and when it does, that will be your cue to buy some rentals. As soon as someone yells “fire” and everyone runs from the building it will be time to run in, not a second before.

[temeculaguy]

I just realized something else, after reading a lot of the political and financial posts and articles, mark these words. Real estate investors will become the new “smokers.” Politicians will crucify them with new taxes and regulations, lenders will avoid them, foreign investors will put them into a new category and the public will give them no pity or support. All of the presidential candidates from either party end their speaches with the caveat in essence saying f&#k the investors. Not the wall street investor mind you but the little guy buying a rental property or two. I’d be wary of entering that endeavor right now, there’s a mob forming and the most likely scapegoat is the small time R/E investor. All that’s left is for Angelina Jolie or Tim Robbins to start making public statements against flippers and landlords, it’s gonna happen and when it does, that will be your cue to buy some rentals. As soon as someone yells “fire” and everyone runs from the building it will be time to run in, not a second before.

[temeculaguy]

I just realized something else, after reading a lot of the political and financial posts and articles, mark these words. Real estate investors will become the new “smokers.” Politicians will crucify them with new taxes and regulations, lenders will avoid them, foreign investors will put them into a new category and the public will give them no pity or support. All of the presidential candidates from either party end their speaches with the caveat in essence saying f&#k the investors. Not the wall street investor mind you but the little guy buying a rental property or two. I’d be wary of entering that endeavor right now, there’s a mob forming and the most likely scapegoat is the small time R/E investor. All that’s left is for Angelina Jolie or Tim Robbins to start making public statements against flippers and landlords, it’s gonna happen and when it does, that will be your cue to buy some rentals. As soon as someone yells “fire” and everyone runs from the building it will be time to run in, not a second before.

[temeculaguy]

I just realized something else, after reading a lot of the political and financial posts and articles, mark these words. Real estate investors will become the new “smokers.” Politicians will crucify them with new taxes and regulations, lenders will avoid them, foreign investors will put them into a new category and the public will give them no pity or support. All of the presidential candidates from either party end their speaches with the caveat in essence saying f&#k the investors. Not the wall street investor mind you but the little guy buying a rental property or two. I’d be wary of entering that endeavor right now, there’s a mob forming and the most likely scapegoat is the small time R/E investor. All that’s left is for Angelina Jolie or Tim Robbins to start making public statements against flippers and landlords, it’s gonna happen and when it does, that will be your cue to buy some rentals. As soon as someone yells “fire” and everyone runs from the building it will be time to run in, not a second before.

[temeculaguy]

I just realized something else, after reading a lot of the political and financial posts and articles, mark these words. Real estate investors will become the new “smokers.” Politicians will crucify them with new taxes and regulations, lenders will avoid them, foreign investors will put them into a new category and the public will give them no pity or support. All of the presidential candidates from either party end their speaches with the caveat in essence saying f&#k the investors. Not the wall street investor mind you but the little guy buying a rental property or two. I’d be wary of entering that endeavor right now, there’s a mob forming and the most likely scapegoat is the small time R/E investor. All that’s left is for Angelina Jolie or Tim Robbins to start making public statements against flippers and landlords, it’s gonna happen and when it does, that will be your cue to buy some rentals. As soon as someone yells “fire” and everyone runs from the building it will be time to run in, not a second before.

[Author]

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