Yes I've been doing Real Estate since right after the earth cooled. We aren't back to 17%interest on home loans (yet) but too many other lending policies make 3rd party loans unattractive. Here's my choice as a property owner. I can get a fractional rate of return on investments or I can finance the sale of my own home and get a point or two above market. That equates to 8 or 10 times what I get on other investments. With a substantial downpayment where's the risk. If the buyer defaults I'm already holding a quit claim deed to get it back. Then I evict them and make any necessary repairs with their own money and go again.
First the credit card companies price themselves out of the market now the mortgage lenders are using a different tactic to divert business away from their organizations.
Serve those who the professional lenders aren't serving and you'll serve yourself.
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