people who are rich enough to be Bay Area homeowners but who don’t have enough to do all cash/more cash will just be spending $2-3K more per month on housing/mortgage costs, which just puts homeownership more out of reach for tenants.
-
-
Show this threadThanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Why isn't someone responding by creating a new type of mortgage? Ex: bank forgoes normal diligence/etx that differentiates from all cash deal, charges a higher interest rate to the borrower than trad mortgage for the risk?
-
Obviously doesn't solve the underlying problem, but the "all cash or no deal" economy itself seems like something that shouldn't exist.
- 3 more replies
New conversation -
-
-
I wonder if prudent housing planning in the Bay Area would take the IPO calendar into account. The surge is real, always has been.
-
How does one predict an IPO calendar?
- 1 more reply
New conversation -
-
-
Not to worry Kim-Mai, rising interest rates will pop this housing bubble, like in 2007-2008.
#eductionglobal
wish is that this time those who caused it are accountable, not victims of predatory lending. -
1/3 of home purchases in SV all-cash, rates won't bother them. I wonder how many of the remainder are getting historically low fixed rate mortgages? Ex: Palo Alto median dropped only 20% peak to trough in 08, and fully recovered by 2012. But agreed on jailing fraudulent lenders!
- 1 more reply
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.