I don't mean to imply that the downturn for San Fran will last a decade, but I do think you got to get back to fundamentals for a recovery to occur.

Had I wanted until AFTER recovery began, no one would have loaned me that money and I would have been dead in the water.

People wait for a crash and then the same people get worried and wait for recovery.

That kind of behavior was when rates were on the way down after the recovery from the 2008 crisis.During the crisis few people could actually capitalize on the buying opportunities because lenders were not lending, home owners were foreclosed on, portfolios were collapsing like houses of cards.

Even with that shoes would be worn.Some people see that as unsanitary walking bare foot where others have walked, want a good dose of athlete's foot, sitting on a couch at a party where others have dangled their feet?

Fundamentally speaking, we're still headed down hill.Given the faulty economic indicators pointed out by Obama's top financial advisor, we're in for a long recovery.

With the judgment in hand, you can attach wages, seize bank accounts, or seize other property of value to satisfy the note.Google "judgment recovery" for specific details.

The market crashed everywhere but London in 2007/8 and is nowhere near recovery.

In fact, it beats all the other bailout crap going on right now, imho.At any rate, so long as the buyer can prove they can afford the payments, having a 4% rate would help reduce our growing inventory and speed up the path to recovery, not re-inflate the bubble again.

Investors that are looking at high cash flow and returns and being promised or told the properties are in great areas for 50k plus price are drinking some serious kool-ade right now.About 5 to 6 years ago close to the bottom of the residential recovery you could buy low price properties in A to B areas.