tag:blogger.com,1999:blog-33255068.post116837655708464945..comments2023-11-02T05:18:21.296-07:00Comments on Bakersfield Bubble: "Future of housing market debated"Bakersfield Bubblehttp://www.blogger.com/profile/12663275045022347451noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-33255068.post-8182826652331725222007-02-08T20:33:00.000-08:002007-02-08T20:33:00.000-08:00Is it really that bad in Bakersfield right now? Wh...Is it really that bad in Bakersfield right now? What are all the real estate agents doing since they must be running over one another right now.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-33255068.post-21515660544624859022007-01-18T23:58:00.000-08:002007-01-18T23:58:00.000-08:00I am being transferred to the area and am looking ...I am being transferred to the area and am looking at purchasing a new home. Everything i am reading really is horrifying to me. Is investing in a new 350,000 home a waste at this point? What is one to do?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-33255068.post-1168400236792112952007-01-09T19:37:00.000-08:002007-01-09T19:37:00.000-08:00Sub-prime lending should be outlawed . I don't car...Sub-prime lending should be outlawed . I don't care if it makes the market crash . <BR/><BR/>After 1929 they had to get rid of margin buying also regarding stock market purchases . <BR/><BR/>Anybody with half a brain should know that the sub-prime loans inflated the market prices beyond reason and it has to correct . <BR/><BR/>Who ever thought of the idea of putting people on loans they couldn't afford based on "real estate always goes up "? <BR/><BR/>Low down stated income loans for people who could just make up a figure for income so they could gamble on prices going up ?<BR/><BR/>I still can't believe it to this very day that this madhatter lending took place on such a massive scale . <BR/><BR/>As we can all see, sub=prime loans did not get more people into affordable housing but rather it served to create a speculative mania of gamblers who inflated prices on hype, while those same borrowers can't afford the loans they went on .Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-33255068.post-1168391453665877492007-01-09T17:10:00.000-08:002007-01-09T17:10:00.000-08:00This was posted under another thread on this blog,...This was posted under another thread on this blog, but I wanted to move it up here so it would be seen:<BR/><BR/><BR/>Anonymous said... <BR/>latest scoop, a dismantle employee, informed HSBC, of the white washing QC head was doing , and triggered the absolute, THE end of times as we know it for SFC. <BR/><BR/>Tue Jan 09, 04:43:14 PM PSTBakersfield Bubblehttps://www.blogger.com/profile/12663275045022347451noreply@blogger.comtag:blogger.com,1999:blog-33255068.post-1168390345051298972007-01-09T16:52:00.000-08:002007-01-09T16:52:00.000-08:00Very good analysis!Very good analysis!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-33255068.post-1168382114568505502007-01-09T14:35:00.000-08:002007-01-09T14:35:00.000-08:00Thanks anon!The days of sub prime paying 10% plus ...Thanks anon!<BR/><BR/>The days of sub prime paying 10% plus are returning and that will add to the pain.<BR/><BR/>The days of 540 fico scores with zero down and stated income receiving 5% loans are almost over.Bakersfield Bubblehttps://www.blogger.com/profile/12663275045022347451noreply@blogger.comtag:blogger.com,1999:blog-33255068.post-1168381764218651472007-01-09T14:29:00.000-08:002007-01-09T14:29:00.000-08:00Working at a local title company in Bakersfield I ...Working at a local title company in Bakersfield I can tell you it's dead...And you know what's funny I saw a truth in lending page that had a 11+ percent rate! It's time to fall!Anonymousnoreply@blogger.com