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Mortgage crisis expected to cost SF Bay Area $5.4 billion next year »

Posted by: TechnologyExpert 9 months, 2 weeks ago

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The subprime mortgage fiasco stands to cost the Bay Area economy more than $5.4 billion next year, according to the latest report intending to put a dollar figure on the rising wave of real estate foreclosures.

Read Full Story at sfgate.com

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simonsez9 months, 1 week ago

It's hard to feel sorry for San Francisco. Pricing is/was absurd and could use an adjustment.
Most people buy a place to live ... not to sell. Anyone who has owned a home for just a few years will still make significant profit on a sale.
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marshx9 months, 1 week ago

thats quite a big hit for a small area!
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architekker9 months, 1 week ago

Californians need to learn what borrowing means to them and what interest they has to offer. They got too excited and signed too soon - unaware high varible rate morgtage leading them to bankrupty. Shame! Try Escrow and see if you can afford it. I did Escrow which include home insurance, property tax, utility insurance, personal item insurance, pest control, etc. etc. less headache and less bills to worry.
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primefsbolistings3 months, 1 week ago

One way to jumpstart the mortgage industry is to make your house cheaper to sell by selling it yourself. These days there are tons of free fsbo sites just for this puprpose. A good example of this is http://www.primefsbolistings.com where you can list your house for free through the end of 2008.
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