Another F@CKed Borrower

Have you seen Another F*CKed Borrower? It's a blog from a mortgage "insider" and, among other things, details real-life borrowers and examines the lending process from the lender's perspective. What's doubly neat is that the blog's author, SoCalMtgGuy, is also from San Diego, so there are a number of discussions on local real estate/borrowers.

Be sure to check out the blog entry, Let's play "Should I buy... or wait?" It's a look at whether or not a reader who is considering buying now would be better off making his purchase or holding off and continuing to rent. SoCalMtgGuy does a great job dissecting the issues and concerns at hand. The answer is not too hard to arrive at, though, seeing as we're at the top of the market now, the reader is renting for a great price, and the reader's rental is currently larger and in a better part of town than the home he's looking at.

Will the reader listen to SoCalMtgGuy's advice and hold off on buying? Or will house fever push good judgement aside? I hope the reader lets the blogosphere know!