Informative Blog
Here is another informative blog. It is called "Another F@cked Borrower." It's written by a mortage broker and some of the stories he tells really make you think that the housing bubble, when it bursts, will be a bigger mess than is imaginable.
posted by Little_Silvered at 8:04 PM
1 Comments:
Funny, just started looking at that site a couple of weeks back. It's facinating and freightening.
When Realtors® tell us that demand will keep prices high and higher, we don't hear how a lot of that demand is people lying their way into houses. The comment that "every landscaper and house keeper in SoCal makes six figures" based on their no-doc loan apps speaks volumes about the quality of this demand.
(and as an aside, I would be very interested in knowing how much these games go on here in the right coast.)
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