The Top / Bottom?
I have these moments, when you see something and you’re like ‘huh’.
In 2007 at a CLA event in CA, a loan officer showed me his $265,000 Aston Martin Vanquish, he’d just purchased. He was a subprime loan officer making 3-6 points on every loan. His company filed bankruptcy less than 6 months later.
This one has a similar feel to it, it sounds like a great idea for LAG, but also I have to dig deeper, just sharing because it has that similar feeling of a topping process (negative) for the markets, which is usually a bottoming process (positive) for housing.
No one knows, I certainly don’t but this one I have to noodle a bit.