[ex-Texan]

"Some of the exotic loan products transfer a lot of the risks to the borrower, so you really need to gauge what amount of risk you are comfortable taking on. Are you comfortable having a lot of risk in your mortgage and a lot of risk in your market area?"

Yes or No, people? Are you willing to take a lot of risk in your mortgage by electing an exotic option?

Choise like picking an interest only loan or refinancing on a cheap teaser ARM rate being offered by slick radio advertising spokesmen with deep voices?. [Check the facts?] More to the point: Wait a few months before pledging your life away with a lifetime obligation to repay a lender. The choice is yours.

[Pukin Dog]

Thats right people, believe it. So get out of San Diego now!

(but sell your house to me, when you go) LOL.

[New Girl]

When are you going to stop advertising your personal website through doom and gloom real estate articles?

[roaddog727]

30 year, 20 year, and 15 year fixed mortgages are your friend.

Anything else is like playing Russian Roulette.

[Tall_Texan]

Riskiest place to buy a home?

Easy. That town in Connecticut the Supreme Court said could use eminent domain for any dang reason.

[DugwayDuke]

Guess what? According to that report, I own a home in a town with the LOWEST risk of depreciation. Well, actually, tied for lowest with three other locations. Guess I better sell now.

[Toddsterpatriot]

However, he doesn't think that slowdown is going to affect most homeowners, but only people on the fringes of the market.

OMG, we're doomed.......oh wait, never mind!!

[narby]

You and Willie Green, I can tell your posts without looking every time.

I see you used the "Check the fact" gag this time to promote your website on JimRob's dime. How original.

How's the doom-and-gloom news business anyway?

[Clemenza]

The only places in California where you should NEVER buy are:

San Bernardino: Got Meth?

Palmdale: Like South Central, but in a desert!

Oildale: And you thought Deliverance was fiction?

Ontario: Mexico's second most dangerous city.

[cmsgop]

Santa Ana maybe ,Irvine No Way Jose......

[Cementjungle]

Riskiest place to buy a home?

I would guess somewhere on a flood-plain, in an earthquake region in war-torn Sudan.

[Old_Mil]

The area's home prices have a 60-percent chance of dropping

While I certainly do believe that speculative behavior and risky financing schemes have the real estate market ripe for a plunge, this sounds like a made up stat. I can see a scenario where one would predict the market would fall. I can see a scenario where one might predict a % decline. But a 60% chance of dropping? Who is this guy, a bookie in Vegas?

[socal_parrot]

The National Association of Realtors thinks the market is stablizing...

Pending Home Sales Leveling Out, Market Balancing

Adjustable rate mortgages are decreasing too

[Khurkris]

"Santa Ana/Anaheim/Irvine"

Se habla Mejicano?

[Larry Lucido]

Side of a volcano? Straddling the San Andreas Fault? Muddy hillside? Mars?

[familyop]

Go west, young men, but stop before you get too close to the coast.

[Hardastarboard]

I thought this was going to be a thread about not buying a house in East St. Louis, or the West side of Chicago, or East LA, or Oakland, or the South Bronx, or Roxbury.

[Pelham]

I'm in risky market #2.

Houses here were down 40% last time the RE market tripped on its shoelaces. This time the mania looks even crazier, so I'm betting we at least cut prices in half before the fun stops.

[surely_you_jest]

Bookmark for later review.

[justshutupandtakeit]

Those who are buying to live in a house are not that concerned about this price appreciation slowdown. And frankly I don't care much that those who want to churn these markets lose money.

[BookmanTheJanitor]

You know, I'm starting to get the feeling that you think there's a housing bubble.