Bad News for Orange County Homeowners

Gary Anderson posts that with the conforming loan limit decreasing values in California for high end homes will fall. I predict that by Christmas of 2011 homes in Orange County valued today from $800,000. to two million will decrease eight percent more, and condominiums ten percent more, unless the Fed changes direction.

http://www.businessinsider.com/conforming-loan-limit-decrease-will-increase-strategic-default-2011-6?utm_source=twitterfeed&utm_medium=twitter&utm_campaign=Feed%3A+businessinsider+%28Business+Insider%29

Unfortunately I am right in there.