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

To: stomper who wrote (105440)	2/16/2008 7:47:35 PM
From: Paul Kern	Respond to of 306849

Remember, the problem is a housing bubble. House prices are too high and that needs time to play out.

To: stomper who wrote (105440)	2/16/2008 8:35:02 PM
From: Live2Sail	Respond to of 306849

"Am i missing something or is that whole raising the conforming limit thing bullshit? On a $600,000 house we are talking about 400-500 dollars more a month at regular rates. If you are purchasing a house at that price point and that extra four to five a month is going to kill the deal...the deal most likely shouldn't be going through anyways...no?" I think that $400-500 is a lot and could make or break a deal. But more importantly, people can't get the loans whether or not they can afford it (20% down), if FRE and FNM back the market for jumbos up, deals will start to get done. The second point is mort important.