Sub-Prime Shakiness!!!!

[Chris Kane]

I'm curious what other members are thinking of the recent sub-prime debacle ( New Century etc..). It's inevitable that there are going to be some lending constraints, it actually already seems like it has begun.. This is a 2 sided issue for investors. Banks might be more willing to liquidate from there books, especially in short sale scenarios, but it is also going to become harder to get investment properties financed. What I am most concerned about is getting my tenants bought in lease-option scenarios. I feel that there is going to be great constraint with sub-prime lending in the next couple of years. Granted in the larger picture there is always going to be a lender that will start up right where the previous failer left off feeling that they can keep a closer eye on the underwritting. What do you guys think? (Especially mortgage peeps :violin: )