tag:blogger.com,1999:blog-14348191.post115230098153147842..comments2023-10-25T02:17:45.945-07:00Comments on Marin Real Estate Bubble: Another Financial Dodo on the Path to Extinction?Marinitehttp://www.blogger.com/profile/01778945220593425787noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-14348191.post-1152313283822771672006-07-07T16:01:00.000-07:002006-07-07T16:01:00.000-07:00I bought my first house in 1996 and sold in 2004. ...I bought my first house in 1996 and sold in 2004. When I bought, I had to document my income, how long I had my savings, 6 months cash, etc. It was pins & needles getting a mortgage approved, and banks would loan based on 2.5 or 3.0 times your gross income. Period. Most of my friends who have recently bought would never have qualified for loans under the "old standards." If the banks get serious about tightening standards, no one will be able to "afford" these prices. Sit back and enjoy the show...Lisahttps://www.blogger.com/profile/00536167771093109826noreply@blogger.com