Comments on: New Century Gives up the Ghost http://www.socalbubble.com/2007/04/new-century-gives-up-the-ghost.html Southern California is Experiencing a Real Estate Bubble like never before Fri, 09 Jan 2009 13:37:11 +0000 http://wordpress.org/?v=2.7 hourly 1 By: bringiton http://www.socalbubble.com/2007/04/new-century-gives-up-the-ghost.html/comment-page-1#comment-3658 bringiton Wed, 04 Apr 2007 16:54:59 +0000 http://www.socalbubble.com/2007/04/new-century-gives-up-the-ghost.html#comment-3658 For all us lanlords, whats your take on rent fluctuation in this downward market? My take, as we see more and more forclosers these obvious fools will need a place to stay and rebuild. i dont see rent increase in certain areas, if at all. As babby boomers began to retire and move out of socal to other less inflated areas, i see stability in the long run for those areas. ie: idaho/washington. For all us lanlords, whats your take on rent fluctuation in this downward market? My take, as we see more and more forclosers these obvious fools will need a place to stay and rebuild. i dont see rent increase in certain areas, if at all. As babby boomers began to retire and move out of socal to other less inflated areas, i see stability in the long run for those areas. ie: idaho/washington.

]]> By: LAEF2 http://www.socalbubble.com/2007/04/new-century-gives-up-the-ghost.html/comment-page-1#comment-3516 LAEF2 Tue, 03 Apr 2007 00:42:36 +0000 http://www.socalbubble.com/2007/04/new-century-gives-up-the-ghost.html#comment-3516 I'm guessing I'm wondering more about who is still making these loans and what fraud protection is out there. If its still just FICO then I don't know what to say. I hate to think of the FDIC bailing out lenders like in the whitewater scandal. Some of this stuff. I can't see how the risk premiums are going to help with such inflated prices. Even with 5% cash down as CFC has been asking and good fico... If you are getting near the wishing price you could still be talking about an impressive profit split for desperate scamming flippers. Reltor Jim had a few funny sales in Carlsbad last month in his posts. So, perhaps flippers are making some fraudulent transactions to save their asses. I’m guessing I’m wondering more about who is still making these loans and what fraud protection is out there.

If its still just FICO then I don’t know what to say. I hate to think of the FDIC bailing out lenders like in the whitewater scandal.

Some of this stuff. I can’t see how the risk premiums are going to help with such inflated prices. Even with 5% cash down as CFC has been asking and good fico… If you are getting near the wishing price you could still be talking about an impressive profit split for desperate scamming flippers.

Reltor Jim had a few funny sales in Carlsbad last month in his posts. So, perhaps flippers are making some fraudulent transactions to save their asses.

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