http://www.lubasf.com/blog/conforming-loan-limits-to-remain-in-place-for-2010.php The Friendliest Blog about San Francisco Real Estate Mon, 30 Aug 2010 19:50:11 -0700 http://wordpress.org/?v=2.8.4 hourly 1 http://www.lubasf.com/blog/conforming-loan-limits-to-remain-in-place-for-2010.php/comment-page-1#comment-2064 Luba Thu, 05 Nov 2009 17:58:13 +0000 http://www.lubasf.com/blog/?p=1103#comment-2064 The problem is that this situation shouldn't be artificial - San Francisco IS a high cost area and in my opinion, loan limits should be in place that reflect the area's property value. Other areas such as Alaska have been designated high cost areas, even though our property value here in California are significantly higher. This is something that should be revisited by the powers that be, and instated as a permanent loan limit that increases as cost of living increases. The problem is that this situation shouldn’t be artificial – San Francisco IS a high cost area and in my opinion, loan limits should be in place that reflect the area’s property value. Other areas such as Alaska have been designated high cost areas, even though our property value here in California are significantly higher. This is something that should be revisited by the powers that be, and instated as a permanent loan limit that increases as cost of living increases.

]]> http://www.lubasf.com/blog/conforming-loan-limits-to-remain-in-place-for-2010.php/comment-page-1#comment-2063 anon Thu, 05 Nov 2009 16:34:54 +0000 http://www.lubasf.com/blog/?p=1103#comment-2063 Good news for sellers! But bad news for buyers. Anyone who buys with this artificial prop in place will see an immediate and significant decline in the value of their home as soon as the prop is scaled back. Good news for sellers! But bad news for buyers. Anyone who buys with this artificial prop in place will see an immediate and significant decline in the value of their home as soon as the prop is scaled back.

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