Just think everyone was all over my posts when I warned them (Newbies) that this was not a “quit your day job,” venture.
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I live and work in Yuma AZ… what I have experienced is the snow bird affect. 75% of my signers are from out of state escaping the cold north. It will be interesting to see what the volume will be like in the summer when they all migrate home. It kinda makes me nervous. The one kinda good thing is that there is not that many title offices here I can pretty much count them on one hand.
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Am I allowed to say CA is “special”…lol I never insinuated the borrower saves anything on using us, but rather the title/EO’s save risk by not bringing them into the office. It cost them much more if their staff call in because they got sick (and quarantining), hence calling us anyway. This is the “idea” out by me anyway. Not to get political, but more factual, considering the measures CA took on their population during COVID, what you stated you are experiencing is quite intriguing! On a side note, I never let their misfortune (poor planning/prep) become my emergency unless they pay for it. I’m not aware of “notary fees” being standard across the board, as each entity charges differently in my experience, so whether they save or lose on us is moot. For most out by me, if they suffer a loss on us, they gained by not dealing with a potential exposure on their end. I definitely agree with you on REFI’s, pretty much done, but that’s not on us.
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You are definitely right here. A 5th grader saw the housing thing coming, but most underestimated the collateral damage it did to the stock market. It was the government bailing out all the banks that ultimately crashed everything (as they had to “print more money” to make that happen as well). And whether it is real money (or what I call printing more money) Monopoly money, everyone gets stuck paying it all back.
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“Special”? California??? NAHHHHHH…LOLOLOL. 
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You are RIGHT ON, my friend. What do you think about the future, with interest rates being so low?? I know only enough to know that somehow, this will be a big problem but I’ll not even try and guess exactly how…thoughts?
IDK maybe I’m being naive, but I feel like this industry will always need US. I do believe we need to be prepared to work more RON but businesses save money using contractors. They don’t have to pay insurance premiums etc… Also, regardless what’s going on the market there will always be sellers, buyers, trades, poa’s, etc that require our assistance. Just my 2 cents 
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Yes, this will be interesting…keep us posted about what happens, I’ll be curious to know!
You did call that one!! Yep!!!
…yes, you’re right, there will always be a need for us. But, more like 2xs a week rather than 15xs a day! So as a side gig-i wouldn’t even say as part time! - we can earn a few extra dollars but no way will we ever see what we’ve been fortunate enough to enjoy the past 2 years.
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I built a home a year ago in KY and locked in 2.625% for 30 years, pretty much telling me I will never be able to refinance for a lower rate. And if the opportunity arises in the future (most banks require a full point reduction and/or $100 decrease in payment to even humor a REFI) then something is REALLY wrong out there, and I wouldn’t touch it. I would just ride out what I have being my rate is fixed. The printing of money and increasing debt is what gave us the ride we had. Not to mention the Government was purchasing corporate debt. What we are seeing now with inflation/fuel increases is the Governments way of telling us they cant afford to do all of this anymore. If the value of our currency goes down, so does the Governments debt (basically).
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Yes! That part I can definitely see. I only do this part time as I would go nuts trying to make sure I can pay my bills. I do hope to be able to keep this as a side gig and continue it after retirement. I enjoy doing this and all that I have learned so far!
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…do you think that because of how low rates were on refi’s, this will make people decide to stay put rather than sell/purchase?? Essentially slowing down the resale market??
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I do actually, mainly because these were the lowest mortgage rates in mortgage history (Never fell below 3%).
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Can someone explain why I received this message:
Topic closed due to cross-posting. Per our Community Guidelines:
Keep it tidy - Make the effort to put things in the right place, so that we can spend more time discussing and less cleaning up. So:
· Don’t cross-post the same thing in multiple topics.
Please feel free to continue this discussion on the original topic here. This will prevent any confusion for other members who wish to read through and/or participate in the discussion.
What did I miss?? Because …discussing interest rates and how they affect us is directly related to our business, not a cross discussion.
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Cross-posting simply means that the same content was posted on two separate topics.
This is why I closed the duplicate topic and let everyone know that they can absolutely continue the discussion on this topic. This helps prevent any confusion that may occur if the same discussion was occurring on two separate topics.
But why was a notification sent that someone had responded three 3 times - is the forum structure now limiting responses to 3 or less per person? Just curious
Hi @LindaH-FL,
No, there is no limit to the number of comments members can reply to. The popup was just an auto recommendation to switch the conversation to a Direct Message if the member wanted to.
Sometimes, if a conversation slows down and becomes more personal between only two members, it makes more sense to switch over to DM instead of continuing their convo on a public topic. But members are not required to! Again, just a recommendation made by the system.
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Thank you for clarifying, Katelyn
Ahhhh I see. OK. Makes sense now!