HOORAY, HOORAY,HOORAY, Please let it be true(insert deity name here)http://lowchensaustralia.com/names/gods.htm

Temecula Guy: No offense to you with that little joke.I am really impressed with your posts of the last two weeks. you area very versatile individual it appears.

The most extreme REO slash I have seen so far was a 16 acre property in Boulevard that sold with a brand new maufactured home in 2005 for 440k. It just closed for 312K(29%). I think areas like City Heights and Encanto will be the first in the city to get hit like that.Numerous detached SFR’s will get into the 200’s at that point. Not a great place to live IMO but that’s a start. Any of those inner city areas that didn’t gentrify will add mass to the snowball, and it will spread like that perhaps? I really expect to see a big discounts in those areas any day now. I did a random search of one of them and the first three properties were REO.I should have done it until I got one that wasn’t. It would have been a desperation flip I bet.
Best wishes.