[quote=Rt.66]”permanent condition” huh? I’m sure you are right, why wouldn’t the banks hold onto thousands of foreclosed houses permanent like? Maybe they’ll just bulldoze them?
“I’m the guy that bought 4 months ago and recent comps show me up $40k.”
Dude are you up $40k or not?
You searched out a little chunk of TV that had foreclosed lots in the picture and somehow those lots “skew the numbers”? Ok, I’ll go along, YOUR map shows 240 REOs, there are 20 empty lots so now we are down to a non-disaster number of 220 REOs on just those few streets? 220, yeah that’s much better, sorry I said anything.
220 in just a few streets at the beginning of an ARM meltdown, sure looks like a bottom.[/quote]
I’m not up anything. I stated that recent comps show my value up $40k, but I have not realized those gains in real dollars.
I searched out *my* neighborhood that just happened to illustrate some of the misleading data from RealtyTrac. You asked for me to post a shot, I have nothing to hide. Post a shot of your neighborhood?
To be accurate, it is not in Temecula. I’m actually in an unincorporated part (Murrieta address, Temecula schools). I consider this area to be inferior to Temecula’s core and the nicer parts of South Temecula/Redhawk/Morgan Hill. That map also includes several condos, so the density has to be taken into mind.
