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

To: ajtj99 who wrote (186007)2/23/2009 3:49:40 PM
From: Lizzie TudorRead Replies (1) | Respond to of 306849
 
yeah but its a tough call. For example in many parts of the bay area renting is really expensive. Somebody could refi at 4% and have the same or lower payment than renting. If those people want to stay and be debt slaves we should let them. Right now the system literally forces these people to walk. Requiring a 30% debt to income ratios on mortgages to refi really takes the cake for the Obama plan. Anybody that can do that, can go to BofA right now and refi. DUH


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