[quote=eclipxe]
That picture would bleak to me if homes weren’t being bid on beyond asking and weren’t selling.

The guy that bought 6 months ago? Who knows. I’m the guy that bought 4 months ago and recent comps show me up $40k. I take that with a grain of salt however, just as I take the RealtyTrac images and your pessimism with a grain of salt.

What’s your agenda?

You’re offering your perspective which is interesting and I am countering with my experience and outlook. We can both twist the data to fit our own agendas but it all comes down to being honest and accurate. You are providing your data as a warning and I provide my data as a counter. It is what it is.

Cheers![/quote]

You do know that the banks are not selling even a tiny, tiny portion of those REOs right now don’t you? Thus people bid on the one or two they do sell. Its a temporary condition orchestrated by bankers to over-charge and to amputate fingers.

If you are up $40k you should sell right now and buy back in 6 months for $50k less and be up $90k.

My agenda? I’m just trying to help people keep their fingers attached.

I have twisted no data. There is no need to twist, tweak, alter or exagerate when all the news and data is horrible.

If that map is your counter arguement then I would have hated to have you on my debate team.

You are probably a nice enough person, but Temecula is a train wreck happening right now in front of our eyes.