[quote=flu][quote=poorsaver]That would be nice, to finally see mid to upper priced homes come down out of the clouds. It’s still $300 to $500 a foot in my area. What I’m seeing though, as I posted in another thread, is very disturbing. A few people I know are living in million dollar homes for free. They just stopped paying their payments, and over a year later, have yet to receive any notices from their lenders. They’re buying new cars, going out to eat five times a week, etc. Really burns me. Anyway, I’m just a patient renter (paying my rent, btw) and hoping that someday the decent (mid-priced) houses will get back to year 2K pricing.[/quote]

Welcome to cesspool of reality. Where economic irresponsibility will be socialized and profits will be privatized (by the banks that is)…

———–
http://money.cnn.com/2009/04/15/real_estate/obama_mortgage_plan/index.htm?source=yahoo_quote

Obama launches mortgage modification plan
First participants in the Treasury Department’s program to help homeowners avoid foreclosure include some of the nation’s largest banks.
——

Also, anyone want to take a crack at what the new conforming loan limit of $697k for SD will do? You think it will bring out more sidelined money?

Oh, it’s going to get very interesting very soon.[/quote]

Well OK then, Time to put Carlsbad back on my radar screen and see what bleeps under 500K (maybe I should try 400K).

I was really truly thinking that the half off sale would not get to Coastal SD But I am game…

The way the loan mod’s requirements are written, they will help very few in Socal, maybe if you lived in Virginia or Iowa or someplace else.