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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Only the police should have guns, you know. The shocking double murder of a young couple in Irvine turns out to have been suspectedly com...
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