Bye-Bye California Real Estate... And I Mean it This Time

During the ‘08 panic, the government was doing whatever it could in an attempt to stimulate the economy. Programs like TARP and Quantitative Easing were covered in the media, but a lesser-known stimulus was the Housing and Economic Recovery Act of 2008. The Act increased the loan limit that could be backed by the FHFA in some bubble areas as much as $729,759. Essentially, regulators would find the median sales price for the county with the highest median values and would then use that price to derive the loan limit for…

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  1. loganabbott posted this

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