I’m not sure what revelation they are waiting for but, just goes to show how the average worker in the RE industry has no clue what they are talking about with markets doing well a few hours away in the “Midwest”.

It's a totally different industry where parts of RE are only a collateral aspect, just part of the financing issue.As to usury laws, I don't know CA, but they vary state to state.

Also, I haven't had to use a bank loan to build my portfolio, either.My comment was inspired by a few associates in the mortgage industry that are really concerned about their business being adversely affected… to the extent that they are considering other options for work.Having said that… even if it does only apply to FNMA and FMCC backed loans, I can imagine there will be reverberating affects to the conventional loan market.

I have about 10 years of experience in RE, in the mortgage industry, home inspections, and fix-n-flips.

These are very large, major corporations in the manufacturing industry.

New to biggerpockets and am hoping to network with people in the housing industry.

I left the insurance industry back in 2008, and have stepped back in at the latter part of this year, because, while I love my travel business and freelance writing that I do; it will not be able to take me (financially) to the place I'd like to be in the next 2-4 years.

I specialize in bank statement loans and investor lending if you want to know if I'm an industry professional or not.

I worked in the auto industry, we made parts for low and high end brands on same machines with same people with same materials.

I would rent to a former landlord for sure without being threaten of their industry knowledge.