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« Selling Homes in Cyberspace Seems to be Working Out | Main | The News Isn't All Bad... You Just Have to Know Who to Ask... » February 26, 2008Are We Really Millionaires Looking for a Handout?Stimulus Plan Aids Buyers of High-Priced Homes Sometimes it’s hard for me to imagine what folks in Arkansas think when they read about mortgage problems here in California. This past weekend the New York Times did a story on what the new conforming loan limits will mean to Californians. The article mentions a Tiburon family (currently living in a condo) that will benefit if the price of money drops. If all goes well they’ll be able to afford what will more than likely be a million dollar home in Marin. I’m sure every Arkansan (I used to live there, and yes the do call themselves Arkansans) feels bad for folks struggling to buy million dollar homes. The story does a decent job of painting the housing situation, but it’s interesting to see how the rest of the country might be getting an up close and personal look at the mortgage mess here in the Bay Area. Posted by Jeff Brooks on February 26, 2008 06:17 AM | Permalink TrackBackTrackBack URL for this entry: |