Hat tip to W.C. for including this article – I wanted to check this format too, where the author allows for embedding, is this readable on handhelds? I can opt for a skinnier format too:

Jim Klinge
Klinge Realty Group
Broker-Associate, Compass

Are you looking for an experienced agent to help you buy or sell a home?
Contact Jim the Realtor!
- 682 S. Coast Hwy 101, Suite #110
Encinitas, CA 92024 - (858) 997-3801 call or text
- klingerealty@gmail.com
CA DRE #01527365, CA DRE #00873197
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"Where do we begin..2020 has been a year for everyone. When COVID hit and shut down both my husband and my businesses, we were left with a mortgage and very little income coming in. We were stressed, scared and felt stuck. We made the hard decision to sell our home and move out of state. We contacted the Klinges' and spent a good hour going over what we hoped we could accomplish. Jim and Donna came over with comps in hand and suggestions on improvements to get our house ready for the market. It was overwhelming to think about, but Donna was there and one step ahead in every scenario. more "

by AmberleePiercy
5315455
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"Jim and Donna Klinge made the sale of our condo extraordinarily easy. They know the market and gave us sound advice backed by details and very considerable experience, reflected both in the initial pricing and subsequent negotiations. They work together as a team and are always available to talk. more "

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5315455
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I consider myself a rather savvy buyer/seller. I've bought/sold 7 times in more "
I consider myself a rather savvy buyer/seller. I've bought/sold 7 times in more "

by bethamunce
4911411
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"Jim and Donna Klinge are by far the most professional, personable and responsive realtors I have ever worked with. They provide VIP concierge level service in every area of the process of selling your home. My home was marketed so successfully that we received an offer the day after our first and only open house. Thanks to Jim's pricing and negotiating, our house is now the highest sold in our community... more "

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305973
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"Jim educated us, helped us find the perfect house, and then negotiated us a great deal. I would hate to be sitting across the negotiating table from ... more "

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332633
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by Melanie
351390
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"I highly recommend Jim as a buyer’s agent. Working with Jim, we closed this week on a San Diego condo. Jim prepared a list of comparable sales to ... more "

by user3647582
Works fine on my iPhone.
And the article really makes me sad. Government has chosen to push us into whatever debt it will require to acheive even the smallest amount of market stability.
This fits perfectly with my prediction that within 5 years the only loans the big banks will write will be ones with 20% down or higher and a near-perfect credit score. Everything else will go FHA and be underwritten by the taxpayer. I think the price-stabilizing incentives will continue under Fannie/Freddie where the gov’t can control them and keep pumping out loans to people who pose significant risk. Propping up prices is a major mission by the government and they will keep people buying houses they really can’t afford at the taxpayer expense in an attempt to put a floor under pricing.
It’s our children and grandchildren that will suffer because of these shortsighted policies.
Plus Obama gets to dictate who builds what housing where since he now has a monopoly on the financing. He’ll use it to extract campaign contributions to keep his regime in power.
http://wallstreetpit.com/13188-geithners-christmas-eve-surprise
Well said, Art Eclectic.
another attempt to throw some clothes on the emperor….
Now they just need to Federalize the “Federal Reserve” 😉
I still cannot honestly believe that Obama or Congress would let principal reductions be an option for anyone. No matter what anyone says about it being the only solution, a principal reduction for one equals a principal reduction for all. ie. 2 people purchase a 500K property with 5% down. One can make the payment, the other (say because spouse lost a job) can’t. Person with spouse losing a job gets a 100K (20%) principal reduction, while sucker 2 doesn’t. Can’t see it happening. What does Sucker 2 do? Default so he can get the principal reduction also.
Then you are going to have all these other voters out here looking at the government “bailing out” joe blow. Honestly, can’t see it happening.
Why is Joe Blow different from mega bank. Because, you, me and just about everyone out there has a bank account with one of the too big to fail. Protect my 100K CD, buy I could care less about my idiot neighbor unless I get the same bail out.
RE #2 30 years ago it was 20% down or FHA or private mortgage insurance. Since private mortgage insurance proved to be a very bad business model as it was structured, its gone, so we just have the other 2 legs. An alternative way to get a downpayment is to do a stint in the military then you get access to the VA loan. (Which is how a lot of the WWII generation got their first house.) I really doubt a lot of new houses will be build in the next couple of years with all the vacant ones, but the rehab business can keep a lot of the subs busy.
A short sale is a type of principal reduction.
Artificially low interest rates in the form of “mods” are free money, too.
Captain Obvious here. The caps were removed to improve the creditworthiness of Fannie and Freddie and nothing more. But it’s the in thing for every hack and conspiracy theorist to turn everything into a grand conspiracy no matter how meaningless. Even the article admits there is no de facto change, which destroys its own argument.
WONDERFUL post, info. counts! Thx.