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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: bentway who wrote (27970)	3/10/2005 11:49:04 AM
From: RealityNotFantasy	Read Replies (3) \| Respond to of 306849

Appreciation is a good thing as long as its not out of control... IMHO... The last few years appreciation seems to be driven by speculators vs. people who actually live in these homes. This is something to take note of... Just my two cents...

To: bentway who wrote (27970)	3/10/2005 12:57:23 PM
From: Tradelite	Read Replies (1) \| Respond to of 306849

In my humble opinion, people who borrow beyond their means have fallen into the hands of a bad loan officer/lender. I've never met one who ever tried to encourage any client of mine to do something dumb with money, and I always worked with very good ones who tell the truth. In fact, the right way to go about buying a home is to sit down with a lender first and determine exactly what IS affordable. Let the lender tell the purchaser how much to borrow--not the other way around. This should be obvious, but I suppose it's not to some people, and plenty of sleazy lenders exist to fulfill even one's wildest, unrealistic dreams.