Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: Dennis O'Bell who wrote (183189)	3/9/2006 2:14:18 AM
From: geode00	Respond to of 281500

I figure that people with those loans are: 1. flipping 2. going to wait a few decades California real estate has always come back in the past but the near future can be a real doozie if you're forced to move. There have been times, even in the Bay Area, when houses went begging. It's always hard to imagine in the middle of boom times but it does happen and then owners have to wait it out. If those interest only loans flip over into principal + interest in the meantime. Ouch, for those who are vastly overextended. I remember Blackhawk was one of the first places to be hit with foreclosures last time out. OTOH I do think that the weather and atmosphere of the Bay Area is worth the expense.