How broke are you?

[BigRedChief]

Originally Posted by eDave

This boom is a supply and demand issue that is likely to linger until new home starts get going again, when lumber costs come back down.

Yep, pure supply/demand issue here.

No one is getting mortgage loans that the banks know you cant afford as it was in 2008.

I refinanced recently with the same company that has the current loan to take advantage of the lower rates. If I'm an idiot and not pay my mortgage. I'd lose $100'sK. They get that profit. It's a win/win for them. They still ran me through the ringer of paperwork.