Home › Forums › Housing › Purchasing at the top just got pricier, the market is now being squeezed from two fronts
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August 7, 2007 at 8:56 AM #9745August 7, 2007 at 9:30 AM #71274kev374Participant
well, considering that jumbo loans are anything over $417,000 it means that in SoCal this applies to virtually all financing activity. So instead of saying market is getting squeezed from both sides I would just say the market is getting squeezed π
August 7, 2007 at 9:30 AM #71387kev374Participantwell, considering that jumbo loans are anything over $417,000 it means that in SoCal this applies to virtually all financing activity. So instead of saying market is getting squeezed from both sides I would just say the market is getting squeezed π
August 7, 2007 at 9:30 AM #71394kev374Participantwell, considering that jumbo loans are anything over $417,000 it means that in SoCal this applies to virtually all financing activity. So instead of saying market is getting squeezed from both sides I would just say the market is getting squeezed π
August 7, 2007 at 9:47 AM #71289lonestar2000ParticipantExactly, which is why this spells doom for San Diego, OC, LA, etc.
August 7, 2007 at 9:47 AM #71403lonestar2000ParticipantExactly, which is why this spells doom for San Diego, OC, LA, etc.
August 7, 2007 at 9:47 AM #71408lonestar2000ParticipantExactly, which is why this spells doom for San Diego, OC, LA, etc.
August 7, 2007 at 9:50 AM #71292GoUSCParticipantOr opportunity for those of us that are buyers sitting on the sidelines. π
August 7, 2007 at 9:50 AM #71406GoUSCParticipantOr opportunity for those of us that are buyers sitting on the sidelines. π
August 7, 2007 at 9:50 AM #71411GoUSCParticipantOr opportunity for those of us that are buyers sitting on the sidelines. π
August 7, 2007 at 9:55 AM #71301guitar187ParticipantThis is certainly not limited to Wells. There is no secondary market right now for any jumbo products. Anything besides full doc or stated/verified has been eliminated. And yes, pricing is thru the roof.
August 7, 2007 at 9:55 AM #71415guitar187ParticipantThis is certainly not limited to Wells. There is no secondary market right now for any jumbo products. Anything besides full doc or stated/verified has been eliminated. And yes, pricing is thru the roof.
August 7, 2007 at 9:55 AM #71420guitar187ParticipantThis is certainly not limited to Wells. There is no secondary market right now for any jumbo products. Anything besides full doc or stated/verified has been eliminated. And yes, pricing is thru the roof.
August 7, 2007 at 11:02 AM #71338bsrsharmaParticipantAlso, a lot of “millionaires” based on (paper) house worth are now ex-millionaires (more like $417K’ers). Imagine what that will do to big-ticket spending. Looks like a socialist revolution!
August 7, 2007 at 11:02 AM #71453bsrsharmaParticipantAlso, a lot of “millionaires” based on (paper) house worth are now ex-millionaires (more like $417K’ers). Imagine what that will do to big-ticket spending. Looks like a socialist revolution!
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