About Mark Danforth Lomas
This author hasn't written their bio yet.
Mark Danforth Lomas has contributed 572 entries to our website, so far.View entries by Mark Danforth Lomas
You also might be interested in
The real estate market here in southern Santa Barbara continues[...]
More information regarding PACE aka Property Assessed Clean Energy’s program[...]
In the movie The Big Short there was a scene in which a stripper bought multiple investment condos. She was able to do so because there were subprime loans available in the early 2000s that required: 1. No Income Verifications, 2. only a 680 credit score 3. No Down Payment: 4. and no owner occupancy. So Strippers could speculate in investment condos with no income and no money out of pocket - effectively getting free "put" options. If condo prices went up - woohoo! Strippers got rich! If condo prices went down - darn! Strippers walked away and lost very little. What could go wrong? Well, we know the answer... The economy was a mortgage broker/stripper doom loop. What may be even more amusing is that those strippers were probably making very good money, as the same mortgage brokers who gave them loans were also spending inordinate amounts of time in those same strip bars, tipping strippers with the money they made providing mortgages for strippers. ZILLOW ANNOUNCES 1% DOWN Last week Zillow announced its 1% down loan program, and the internet went wild with comments about how this is a return to the worst excesses of the subprime mortgage days. You'd think we are on the verge of mortgage Armageddon. But alas, we're not because Buyers need to actually verify income with a real job and real tax returns. Click Read More below for the whole story
Contact Us
About Us
Analyze Your Investment
iAnalyzeREI: Real Estate Investment Analysis
Santa Barbara Links
- City of Santa Barbara
- County of Santa Barbara
- Culture Santa Barbara
- Debris Flow Maps
- FEMA MAP
- Montecito Journal
- Noozehawk
- Pearl Chase Society
- Ready Santa Barbara
- Santa Barbara Magazine
- Santa Barbara Realtors
- Santa Barbara Zoo
- Santa Barbara's "Lotusland"
- Santa Barbara's Hiking Trails
- Santa Barbara's News Press
- SB EdHat Local News
- SB Farmers Markets
- SB Independent Newspaper
- SB Museum of Natural History
- SB Public Libraries
- SB Senior Care Guide
- SB's KEYT Television
- Senior Care Resources
- Senior Guide to Medicare Benefits
- Siteline Santa Barbara
- The Mojo aka The Montecito Journal
- The Montecito Association
- Unity Shoppe
Categories
Archives
This website is not the official website of Sun Coast Real Estate. Sun Coast Real Estate does not make any representation or warranty regarding any information, including without limitation its accuracy or completeness, contained on this website. Real Agents affiliated with Sun Coast Real Estate are independent contractors and not employees.
3112 State Street, Santa Barbara, California 93105
Mark Lomas BRE 00898298
Kirsten Wolfe BRE 01309570