Help me understand the Real Estate Bubble?
I live in So. Cal. (San Diego) and I keep hearing about the bubble bursting and how it is a BAD time to own and a GOOD time to rent. What is that all about? I have a 30-year fixed mortage through a stable lender (Bank of America). Am I at some kind of risk?
You are in good shape do not worry. They are talking about strange loans like ARMs, No down payments, and intrest only loans. Live with in your means.
San Diego Condos for sale
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