[quote=SK in CV]Article seems a bit ill-timed. LPS reported last week that mortgage delinquencies in May were down more than 25% from a year earlier and at their lowest level in almost 5 years. The claim that “the bureaucracy risks being overwhelmed” is both accurate and horribly misleading. The “bureaucracy” is at its lowest risk since 2008.[/quote]
The risk in 2008 was off the charts. Just because the patient only has 10 things seriously wrong with them rather than 30 things doesn’t mean that they are healthy or are going to survive.
‘Lowest risk since 2008’ still means on life support to me.
I’m not saying that either the article OR LPS has the ‘correct’ perspective, but just to point out that there is so much information and misinformation to feed off, one should be aware and understand and realize all the propaganda and crap being thrown around gets used to issue reports, statistics & articles.
I do like your statement of “accurate & horribly misleading”
I totally disagree that the article is “ill-timed”
Do you base your comment one the premise that LPS is 100% correct therefore the article is flawed/incorrect ?
I know for a fact that the way information is reported gets twisted and skewed to meet someone’s agenda.
a) The foreclosure numbers/filings reports are completely misleading and inaccurate.
b) Using the median home price as an important statistic is foolish.
c) Believing the govt released numbers for many things (such as unemployment & inflation) is simply idiotic; yet these last 3 things are relied upon heavily as though they are totally accurate and came from an ethical source without a hidden agenda.
Most people are ‘trading’ on the same inaccurate information. You can make a fortune by being right about how the ‘inaccurate information’ is going to be released & you can lose a fortune by being spot on with the truth/reality.
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BG, you made my point for me. There are always people who want to point to Carmel Valley and west of I-5, because there are no price reductions or much inventory, blah,blah,blah.
My perspective is the overall national picture of the nonsense that is going on and the big problem that is looming, although the politicians will do almost anything to prevent what really needs to happen to fix the ‘problem’
As the article states, there are different perspectives from the internal watchdogs & the politicians.
