[quote=Nor-LA-SD-guy]
For all the talk of the coming tsunami of foreclosures Due to the huge numbers of defaults the reality is that an NOD’s can come from many sources including Over zealous HOA’s etc… and they still rarely end in foreclosure.

The reality is at least in CA, is that this is a major Job and entertainment center (and in most places a really nice place to live), and that as long as the home comes in at a good price for the neighborhood, it will find a buyer almost immediately.

What’s a good price ???

I don’t know but maybe look at what’s disappearing (selling) next door in a few days time.

the tsunami is coming, the tsunami is coming[/quote]

Yeah, and they aren’t making any more land either. Whatever.

Gee, you don’t think that maybe the folks in WI who used to live in all those homes on the market also thought their area was a “really nice place to live”. What changed? Don’t say a lack of six figure jobs because they didn’t exist before and aren’t needed to buy in WI.

Prices in the San Diego area mostly TRIPLED between 1997 and 2005, and are still mostly double the 1997 price. I guess the high paying jobs started arriving around 1997. Uh huh.