I see no evidence of easy mortgages even though the wholesale reps are offering themMuch of those are for the top tier borrowers not bottom tier.And I just look at the sales we are making on our new construction. and we have some FHA but to my SHOCK I had my wife give me a report on the 27 new builds we have sold in one subdivision and there were only 4 ot 5 that were FHA the rest conventional.. and or cash.. when prior to 08.. when I looked at how people were financing my house that we were selling it would be 95% FHA or USA or some no down program first and second etc.. those are long gone.Along with so many folks bought in the trough.. so they have low price point entries.. and historically low rates to the point that their mortgages are lower than rent.. rent has gone up as we know in most of the coastal markets.. not necessarily the mid west ...

You would be shocked once your are in business how you can find deals.  

I was shocked by two things. 

We just recently started airbnbing one of our properties in Jax and I've been completely SHOCKED by the demand.

Yes my Banker and I have been all over.. when I launched in Detroit I took him a long.. as a lifelong Porlander it was a culture shock to say the least.. we pull into the PM's office south of 8 mile.. parking area is fenced in with razor wire.. 

I am actually pretty shocked that anyone said this was a good idea.

I'm hesitant to post his name because he hasn't actually done anything shockingly bad.

Some go into shock or just payoff what the lender will take.

And a rather shocking $30million condo sale for a 6000 ft place on Billionaires Row in Pacific Heights!!!!

I know exactly how much the principal at my small town agency makes and it's shocking.