According to Countrywide, San Diego is in a Category 4 housing hurricane. That means Countrywide restricts lending and requires bigger down payments.
Who's Category 5? Las Vegas, Phoenix, Florida, and inland California.
If even the dumbest lenders like Countrywide realize that they are likely to lose money on home loans in these areas, it should give prospective buyers some serious concern about the prices they are paying.
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UPDATE: Edited to remove the guy's name. I hope nobody harasses him or his employer. He was good-natured and his sign was innocuous a... -
Body Count goes to Vegas! Ernest Scherer III was a Vegas loser who fancied himself a professional poker player. Doesn't that photo tell ...
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