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|User Info||Article:The Financial Fire Trucks Are Gathering; entered at 2007-12-01 10:52:35|
Registered: 2007-07-09 san diego
The problem was that competition for the "NINJA" loans became so intense that pricing approached prime.
It is interesting to note that prices in San Diego for lower priced homes have reduced much faster than for mid or higher priced homes. IMO this is evidence of the market stripping the financial component of valuation: the fundamental component will be addressed later.
http://www.piggington.com (November 16 by Rick Toscano)
Last modified: 2007-12-01 10:53:43 by oxfordrick