Comments on: Want to Buy a Home? Bring Cash. http://www.californiamortgagerate.com/californiacurrent/want-to-buy-a-home-bring-cash/ Up to Date Rate Info and More | California Current Fri, 10 Sep 2010 08:57:23 +0000 http://wordpress.org/?v=2.3.2 By: Tips for the Self Employed Considering a Mortgage Refinance | California Current http://www.californiamortgagerate.com/californiacurrent/want-to-buy-a-home-bring-cash/#comment-47 Tips for the Self Employed Considering a Mortgage Refinance | California Current Thu, 21 Aug 2008 04:00:05 +0000 http://www.californiamortgagerate.com/californiacurrent/want-to-buy-a-home-bring-cash/#comment-47 [...] you see are typically aimed towards wage earners and lenders will like to see a larger down payment from you.  Read more about qualifying for a home loan [...] […] you see are typically aimed towards wage earners and lenders will like to see a larger down payment from you.  Read more about qualifying for a home loan […]

]]> By: Monica http://www.californiamortgagerate.com/californiacurrent/want-to-buy-a-home-bring-cash/#comment-29 Monica Thu, 14 Aug 2008 18:48:47 +0000 http://www.californiamortgagerate.com/californiacurrent/want-to-buy-a-home-bring-cash/#comment-29 It's a double-edged sword really, but I do agree with the building restrictions point. I recently read a study that suggested that overbuilding created this mortgage crisis in the first place. The study compared Seattle and San Diego. Seattle, having building restriction, did not suffer from the "meltdown" as much as San Diego did, having no restrictions on building permits. Pretty interesting debate and a great topic. Thanks! It’s a double-edged sword really, but I do agree with the building restrictions point. I recently read a study that suggested that overbuilding created this mortgage crisis in the first place. The study compared Seattle and San Diego. Seattle, having building restriction, did not suffer from the “meltdown” as much as San Diego did, having no restrictions on building permits. Pretty interesting debate and a great topic.

Thanks!

]]> By: Dawn http://www.californiamortgagerate.com/californiacurrent/want-to-buy-a-home-bring-cash/#comment-27 Dawn Thu, 14 Aug 2008 18:38:19 +0000 http://www.californiamortgagerate.com/californiacurrent/want-to-buy-a-home-bring-cash/#comment-27 "Now, we’re shifting back to qualified homeowners and they should have no problem meeting these “new” standards." The only problem I see here is the basic supply and demand. The supply of housing available is larger than the supply of borrowers with excellent credit, especially as the economy continue to experience stagflation, meaning people are not making enough income to cover the costs of inflation. In my opinion there should have been stricter building restrictions. Thanks, Dawn “Now, we’re shifting back to qualified homeowners and they should have no problem meeting these “new” standards.”

The only problem I see here is the basic supply and demand. The supply of housing available is larger than the supply of borrowers with excellent credit, especially as the economy continue to experience stagflation, meaning people are not making enough income to cover the costs of inflation.

In my opinion there should have been stricter building restrictions.

Thanks,
Dawn

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