tag:blogger.com,1999:blog-14868066.post7574368513544726582..comments2023-09-28T02:39:04.205-07:00Comments on Wasatch Economics: Anecdotal evidence of mortgage credit tightening overshootScotthttp://www.blogger.com/profile/12392288826388903607noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-14868066.post-4799677194621641152007-06-14T08:24:00.000-07:002007-06-14T08:24:00.000-07:00Robert,That is a fair point; when you think twice ...Robert,<BR/>That is a fair point; when you think twice about it, paying half of your annual income just for the interest on a home is absurd. These buyers are probably still hoping for some price appreciation sometime down the road.<BR/>So the loan officer really did them a favor.Scotthttps://www.blogger.com/profile/12392288826388903607noreply@blogger.comtag:blogger.com,1999:blog-14868066.post-66966720183586852222007-06-13T20:41:00.000-07:002007-06-13T20:41:00.000-07:00No mention of the problem with purchasing a house ...No mention of the problem with purchasing a house that is 7x household income? They are still making these loans with no down payment if they can scratch together 2 months payment in savings? At 7%, they are paying $35,000 in interest alone? Earth to housing industry........Anonymousnoreply@blogger.com