Well it seems like the latest government economy boost is to lower the conforming loan amount from the high $600,000 to the mid $500,000. Meaning that if a buyer was to stay with a conforming loan and wants to purchase a $800,000 home they pretty much have to come up with an extra $100,000 down or go “Jumbo” loan and qualifications. Where in anyones mind does this make any sense. I am not a business analyst – fasr from it – I love to stage houses and make buyers and sellers happy when they sell or buy a home. However I am completely convinced if Congress wants to come over for dinner I can have a group of friends who are all businessmen or women and we CAN GET THAT BUDGET BALANCED OVER ONE DINNER- granted a little wine will be involved but it will be done!!!
I truly believe most of the folks running our country have never had a JOB much less a real profession aside of course from going to law school. I have a few close friends that are alwyers and trust me THAT would not stop them from balancing a budget either! I have nothing against either party – they are all like small children stomping their feet in the playground with all of us waiting to see who wins the fight.
I told a client just the other day to just quit watching the news. She is a smart woman and of couse this will not happen – but also she needs a “home” and we as the American people can only take control by continuing to live our lives as normally as possible- however perhaps paying more attention at the poles and maybe start voting for candidates that possibly have RUN A BUSINESS!
I am a positive person- but this is starting to wear me down a bit. Sellers say “why isn’t my house selling”… simple answer – it would but not at your price. It doesn’t mean the house isn’t worth it theoretically – it’s just that buyers if they aren’t getting a “screaming” deal” in their minds buying that house makes no sense. The emotions of home buying seem to be dissapearing and I hate to see that happening as your home is your “safe haven” – the best place in the world to be.
All that being said homes are still selling and buyers ultimately will be happy in what they buy. San Diego is still one of the best places in the world and this will keep us “on the map” as one of the best cities to live in.
