When the “credit crunch” hit back in 2006, lenders became very leary of borrowers who were highly leveraged with investment properties. Nearly all banks instituted guidelines limiting the number of mortgage loans an individual could have on non-owner occupied properties. They also developed rules which demanded that a person must have significant equity in an [...]
At a recent presentation on the San Diego mortgage market, during the Q&A portion someone asked if I thought we had learned our lesson from all the housing fall out and if could we avoid a repeat of the run up and subsequent crash of real estate. Sadly, I had to immediately answer no. I [...]
I realize not everyone is ready to jump back into investing in real estate. Many of us, me included, are still feeling stung by some of our investments in the mid 2000’s. With that said we all have our retirements to think about at some point and, even though we are feeling betrayed by every [...]
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