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Whitelaw and Sons Real Estate Morgan Hill
Whitelaw and Sons Real Estate Morgan Hill

Sub Prime lending is back… as Non Prime loans

by Sep 3, 2018Real Estate Realities Podcast/Vidcast0 comments

Written by Robert Whitelaw, Realtor®/Broker/Owner

Born and raised in Silicon Valley, Robert has helped clients successfully buy, sell and invest in real estate from Palo Alto to Gilroy and Los Gatos - and beyond! Robert rates his success on providing the highest level of value to his clients.

September 3, 2018

That’s right, Non Prime loans might be a new name, but it is the same old problem

non prime loansBoth private and government backed lenders have been at it for a while. We have explored all the various ways bad lending has been creeping back into the financial world. Sadly, it has been this way for several years now. But now, we have reached a more critical mass where the practice appears to be getting a more common usage. This is not good. We are simply priming the lending pump for another downturn and the market is ripe for it. Sub prime loans or non prime loans end with the same thing, a economic meltdown that is likely to dwarf what we saw in 2007.  

Check out this episode!

Unemployment: The Real Numbers

Unemployment: The Real Numbers

I should have known better. Last week, I shared with you the latest unemployment numbers – and I took them at face value. Which is where I made my mistake! Of course, if I listen to my own advice from previous podcasts where we looked at unemployment, I would have realized there was likely more to the story than what they are sharing in the headlines. Of course, there is. In fact, the actual data implies the opposite of what the talking heads are suggesting.

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