Comments on: Martin Wolf: Supporting high house prices is bad policy http://www.socalbubble.com/2009/01/martin-wolf-supporting-high-house-prices-is-bad-policy.html Southern California is Experiencing a Real Estate Bubble like never before Fri, 04 Feb 2011 01:16:46 -0700 hourly 1 http://wordpress.org/?v=3.1 By: Orlando http://www.socalbubble.com/2009/01/martin-wolf-supporting-high-house-prices-is-bad-policy.html/comment-page-1#comment-78367 Orlando Wed, 11 Feb 2009 13:11:06 +0000 http://www.socalbubble.com/?p=499#comment-78367 There is $500 billion in Option ARM’s that will be resetting interest rates and/or reached 125% cap on loan to value ratio very soon. I believe that we will see some severe declines in housing values in next 12 months. There is $500 billion in Option ARM’s that will be resetting interest rates and/or reached 125% cap on loan to value ratio very soon.

I believe that we will see some severe declines in housing values in next 12 months.

]]> By: Real Estate Girl http://www.socalbubble.com/2009/01/martin-wolf-supporting-high-house-prices-is-bad-policy.html/comment-page-1#comment-77250 Real Estate Girl Tue, 20 Jan 2009 01:04:34 +0000 http://www.socalbubble.com/?p=499#comment-77250 This is a great video and he does offer some great advice, we should all be using, thanks for sharing. This is a great video and he does offer some great advice, we should all be using, thanks for sharing.

]]> By: Ditech Home Loans http://www.socalbubble.com/2009/01/martin-wolf-supporting-high-house-prices-is-bad-policy.html/comment-page-1#comment-77082 Ditech Home Loans Thu, 15 Jan 2009 22:11:27 +0000 http://www.socalbubble.com/?p=499#comment-77082 The price bubble was inflated with the help of loose underwriting guidelines, allowing people to buy homes who should have been declined for a mortgage. Now that most lenders have returned to traditional underwriting, it's a matter of time for housing prices to drop to normal levels based on market demand, which is driven by qualified borrowers. The price bubble was inflated with the help of loose underwriting guidelines, allowing people to buy homes who should have been declined for a mortgage. Now that most lenders have returned to traditional underwriting, it’s a matter of time for housing prices to drop to normal levels based on market demand, which is driven by qualified borrowers.

]]>