From the last deal I saw, many people worked locally at factories, retail stores, etc. and some higher paid tenants were commuting to the Temecula/Murrieta area and even down to San Diego.The market is anticipated to decline somewhat over the next 2-3 years, but no one knows for sure.

Technically if you decline based on information provided by a Consumer Reporting Agency (IE credit report, background check, etc) you have to give them an Adverse Action notice (SmartMove can provide this for you if you use them) which will state where the applicant can investigate further and dispute the information.I tell applicants simply: "We have received your application and unfortunately it does not meet the qualifications for this property."

The homeownership rate fell to the lowest in almost 19 years, declining to 64.8 percent in the first quarter from 65.2 percent in the previous three months, the Census Bureau said today.

What it found is that while the latest housing bubble may have indeed popped, manifesting itself not only in a decline in flipping prices but also a tumble in flipping activity across the US as a percentage of all sales from 6.5% a year ago to just 3.7% in Q1, and down from 4.1% last quarter, flipping, where a home is purchased and subsequently sold again within six months, can still be massively profitable, leading to returns that would make the pimpliest 25-year-old, math PhD HFT-firm owner green with envy.Among the core findings was that the average sales price of single family homes flipped in the first quarter was $55,574 higher than the average original purchase price.

I suppose I can't foresee a market/housing decline (there are economist predicting it in the next 2 years), but I want to know what my contingencies are.

After doing my due diligence, I determined that the deal appeared to be an attempt at fraud and I declined to provide funding.

This hasn't happened to me yet, but has for a friend of mine. He was trying to get paid a $15k option fee on a simple $150k deal, but the bank funding the buyers loan balked on paying the fee even though it was to com...

The first thing you want to do is make sure the area isn’t in decline.  

I declined to release or redo the lease because the two remaining roommates asked me not to.

Being able to afford the payments can be very tricky as the CC lender can move the interest rate up to very high levels after you have borrowed the funds.When you use the CC for the down payment, it is very likely the conventional lenders will decline to fund the secured loan.