the market was created by 5 element these are the first 3....Doyou agree...

It is called the perfect storms ...This market in California is a perfect storm...All the conditions that can exist to fuel a storm to make it bigger ,stronger and with greater velocity...These are 5 ingredients that made this perferct   storm..Here  they are  the top 3 out of 5

1. The lending fiasco's of the past 5 to 7 years. We need to go back to 2000 when things were a little  more calm and loans were given to people that could afford too  own ... Then someone somewhere came up with new and visionary loans ...The stated income loan...These loans were great ...No taxes,w-2 or pay-stubs were required by lenders...All you needed was 3 months of whatever you wanted you income to be...The only thing banks would ask is that your credit be o.k...Not real good but just decent....Then came the Arm loans...These were called your hybrid loans...Were you were paying a third of what your mortgage payment would be...Some lenders used these to get people into homes never revealing that they were increasing their loan amount monthly and a few other details....But the world moved along......

2. Investors were born in droves...Almost like what happened with the baby boomer generation....It was easy to be a wise real estate investor...No money to invest no problem...As long as, you could sign on the x...you were an investor....Everyone began to purchase homes...The very popular strategies was to buy new construction put 0 down or $5000.00 down...Lock the price for 5 to 6 months then sell immediately after the home was delivered and make a profit...Then people began to buy homes just to buy homes...Buy a home rent it don't worry if you are negative in less than 1 year sell it at a profit a recoup all your loses  are reap the benefits....But the world moved along.......

3.New homebuilders, egan to se they couldn't make their homes fst enough they began to buy more land and make more homes...They started building monster homes were their was nothing for miles..:If you build them they will come"...They built them and they came...But know they aren't even coming to see the homes they are just their...And since the builders are already committed they cannot stop they must continue......The homes are their ..and the world moved along......

 There are still 2 more ingredients that crated this perfect storm.............I will av them for Monday.....