patrick.net

John Bailo says

Looks like the moneybags have been cleaned out.

Cleaned out? More like digesting what they ate. They'll be hungry again later.

Vicente says

They'll be hungry again later.

Doesn't seem like it:

. "As institutional investors and other cash buyers slow down their purchasing in many markets across the country, more traditional buyers - including first-time homebuyers and move-up buyers - will need to increasingly fill in the missing puzzle pieces to maintain the momentum of the housing recovery.

Good luck getting a high price from the "First Time Homebuyer" -- a family of four with $60,000 in income, carrying $20,000 in credit card debt.

End of the party for real estate, me buckos.

My friend is trying to close a house on a measly 169K house.

He's getting it on a VA loan. Now the insurance companies want $5k a year, he found on in California that will insure it for about a third less than it's worth for about $2800 a month. That's a great deal but we both know the mortgage company wont go for that.

He's lucky in the sense that he's a disabled VET so he wont have to pay property taxes. Now it seems the insurance company recognizes that savings and wants for them.

I've noticed the pattern everytime my Taxes go down, my insurance goes up by at least that much.

I'm so glad that one of the last two republican governors won the governors race, so they can change the fucking mess that they made.

OH yeah, that isn't an issue, Rock Scoot just want's to lower property taxes so his precious insurance industry can raise premiums more.

**Disclaimer for slow minded left leaning morons, my gripe against the past two republican Governors is NOT an endorsement for Charlie Shits or any other Liberal convert.