Sign up now for access to all that HousingWire.com has to offer. Get special offers and updates -- and free newsletters covering the news that moves mortgage and financial markets – all delivered directly to you:
HW Daily Update: Sent each business morning and afternoon. (see sample)
Breaking News Alert: Sent whenever major news breaks. (see sample)
For many observers, “skin in the game” is synonymous with a large down payment that limits lender or investor risk. However, skin in the game can be defined much more broadly, since financial investment is only one factor that mitigates risk.
The Silicon Valley area added 385,000 jobs between 2010 and 2015, but only issued building permits for 58,000 units in that same time frame, creating an unsustainable housing marker that shuts out all but the richest buyers. What, if anything, can be done to cool off skyrocketing home prices?