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  • January 17, 2009 at 8:19 AM #330896
    NotCranky
    Participant

    Funny thing about the get-rich-quick-train…Where are they all?

    What percentage of potential home owner bubble beneficiaries actually captured some of that bubble wealth? Not meaning to make fun of anyone but the numbers are pretty dismal, I think?

    I just look around and see that more people took the path of destroying the opportunity than not.They may live in bigger fancy houses but many are upside down now. Then there are the multitudes simply riding the curve back down. About 2004, I was seeing people taking the money and fleeing California, Maybe those people make the majority of the bubble “success”s stories? The boom towns might be wherever they went. I do recall some inner city retirees selling their shacks here and moving to the Temecula area. Good idea.I always thought retirees would significantly help set the floor in Temecula.Not sure about the extent to which it actually is happening or will happen?

    January 17, 2009 at 9:10 AM #330458
    34f3f3f
    Participant

    Interesting article nostradamus. Not sure why “investors” are causing prices to continue to fall, and why that may cause a second blip, or why the opposing camp would want to prevent prices from correcting for that matter? But the auction/foreclosure process is geared. Anyone should be allowed to view a property before auction, or at least have access to an inspection report.

    January 17, 2009 at 9:10 AM #330794
    34f3f3f
    Participant

    Interesting article nostradamus. Not sure why “investors” are causing prices to continue to fall, and why that may cause a second blip, or why the opposing camp would want to prevent prices from correcting for that matter? But the auction/foreclosure process is geared. Anyone should be allowed to view a property before auction, or at least have access to an inspection report.

    January 17, 2009 at 9:10 AM #330871
    34f3f3f
    Participant

    Interesting article nostradamus. Not sure why “investors” are causing prices to continue to fall, and why that may cause a second blip, or why the opposing camp would want to prevent prices from correcting for that matter? But the auction/foreclosure process is geared. Anyone should be allowed to view a property before auction, or at least have access to an inspection report.

    January 17, 2009 at 9:10 AM #330897
    34f3f3f
    Participant

    Interesting article nostradamus. Not sure why “investors” are causing prices to continue to fall, and why that may cause a second blip, or why the opposing camp would want to prevent prices from correcting for that matter? But the auction/foreclosure process is geared. Anyone should be allowed to view a property before auction, or at least have access to an inspection report.

    January 17, 2009 at 9:10 AM #330981
    34f3f3f
    Participant

    Interesting article nostradamus. Not sure why “investors” are causing prices to continue to fall, and why that may cause a second blip, or why the opposing camp would want to prevent prices from correcting for that matter? But the auction/foreclosure process is geared. Anyone should be allowed to view a property before auction, or at least have access to an inspection report.

    January 17, 2009 at 9:55 AM #330503
    Nor-LA-SD-guy
    Participant

    Well from What I have seen in Temecula Valley the Foreclosures are disappearing very fast, 8 from my tract sold in December, only looks like maybe two are left (My tract is still being built and I like TG am in at about but not quite half what most of my neighbors bought in at) at first I think that there was some tension but that has gone away as those who were going to go into foreclosure have the rest probably had large down payments so are not going anywhere anyway .

    I think that when this thing does finally turn, Temecula may just be just that “a boomtown” but that’s just my opinion.

    I think there is a big push not to build more homes but more industry in the TV.

    So unlike TG maybe, I see bigger things for TV down the road.

    In my opinion in 5 or 10 years if you paid 400K or 200K will just be water under the bridge so to speak.

    But I can see why everyone would want to get a steal of a deal !!!

    Maybe that is what is happening ??? you know this boomtown thing …

    January 17, 2009 at 9:55 AM #330839
    Nor-LA-SD-guy
    Participant

    Well from What I have seen in Temecula Valley the Foreclosures are disappearing very fast, 8 from my tract sold in December, only looks like maybe two are left (My tract is still being built and I like TG am in at about but not quite half what most of my neighbors bought in at) at first I think that there was some tension but that has gone away as those who were going to go into foreclosure have the rest probably had large down payments so are not going anywhere anyway .

    I think that when this thing does finally turn, Temecula may just be just that “a boomtown” but that’s just my opinion.

    I think there is a big push not to build more homes but more industry in the TV.

    So unlike TG maybe, I see bigger things for TV down the road.

    In my opinion in 5 or 10 years if you paid 400K or 200K will just be water under the bridge so to speak.

    But I can see why everyone would want to get a steal of a deal !!!

    Maybe that is what is happening ??? you know this boomtown thing …

    January 17, 2009 at 9:55 AM #330916
    Nor-LA-SD-guy
    Participant

    Well from What I have seen in Temecula Valley the Foreclosures are disappearing very fast, 8 from my tract sold in December, only looks like maybe two are left (My tract is still being built and I like TG am in at about but not quite half what most of my neighbors bought in at) at first I think that there was some tension but that has gone away as those who were going to go into foreclosure have the rest probably had large down payments so are not going anywhere anyway .

    I think that when this thing does finally turn, Temecula may just be just that “a boomtown” but that’s just my opinion.

    I think there is a big push not to build more homes but more industry in the TV.

    So unlike TG maybe, I see bigger things for TV down the road.

    In my opinion in 5 or 10 years if you paid 400K or 200K will just be water under the bridge so to speak.

    But I can see why everyone would want to get a steal of a deal !!!

    Maybe that is what is happening ??? you know this boomtown thing …

    January 17, 2009 at 9:55 AM #330942
    Nor-LA-SD-guy
    Participant

    Well from What I have seen in Temecula Valley the Foreclosures are disappearing very fast, 8 from my tract sold in December, only looks like maybe two are left (My tract is still being built and I like TG am in at about but not quite half what most of my neighbors bought in at) at first I think that there was some tension but that has gone away as those who were going to go into foreclosure have the rest probably had large down payments so are not going anywhere anyway .

    I think that when this thing does finally turn, Temecula may just be just that “a boomtown” but that’s just my opinion.

    I think there is a big push not to build more homes but more industry in the TV.

    So unlike TG maybe, I see bigger things for TV down the road.

    In my opinion in 5 or 10 years if you paid 400K or 200K will just be water under the bridge so to speak.

    But I can see why everyone would want to get a steal of a deal !!!

    Maybe that is what is happening ??? you know this boomtown thing …

    January 17, 2009 at 9:55 AM #331026
    Nor-LA-SD-guy
    Participant

    Well from What I have seen in Temecula Valley the Foreclosures are disappearing very fast, 8 from my tract sold in December, only looks like maybe two are left (My tract is still being built and I like TG am in at about but not quite half what most of my neighbors bought in at) at first I think that there was some tension but that has gone away as those who were going to go into foreclosure have the rest probably had large down payments so are not going anywhere anyway .

    I think that when this thing does finally turn, Temecula may just be just that “a boomtown” but that’s just my opinion.

    I think there is a big push not to build more homes but more industry in the TV.

    So unlike TG maybe, I see bigger things for TV down the road.

    In my opinion in 5 or 10 years if you paid 400K or 200K will just be water under the bridge so to speak.

    But I can see why everyone would want to get a steal of a deal !!!

    Maybe that is what is happening ??? you know this boomtown thing …

    January 17, 2009 at 11:21 AM #330543
    Nor-LA-SD-guy
    Participant

    One other thing I will add here is that at this point Comps are for the most part meaningless in TV, Maybe it will get you with in 75K of where someone would willingly sell to you, but other than that you will need to get a gun pointed at their head to get them to sell for what the foreclosure down the street sold for,

    Anyway TG what did you pay 275K I think, tell you what I will give you 285K what do you say ??? (just kidding).

    January 17, 2009 at 11:21 AM #330879
    Nor-LA-SD-guy
    Participant

    One other thing I will add here is that at this point Comps are for the most part meaningless in TV, Maybe it will get you with in 75K of where someone would willingly sell to you, but other than that you will need to get a gun pointed at their head to get them to sell for what the foreclosure down the street sold for,

    Anyway TG what did you pay 275K I think, tell you what I will give you 285K what do you say ??? (just kidding).

    January 17, 2009 at 11:21 AM #330956
    Nor-LA-SD-guy
    Participant

    One other thing I will add here is that at this point Comps are for the most part meaningless in TV, Maybe it will get you with in 75K of where someone would willingly sell to you, but other than that you will need to get a gun pointed at their head to get them to sell for what the foreclosure down the street sold for,

    Anyway TG what did you pay 275K I think, tell you what I will give you 285K what do you say ??? (just kidding).

    January 17, 2009 at 11:21 AM #330983
    Nor-LA-SD-guy
    Participant

    One other thing I will add here is that at this point Comps are for the most part meaningless in TV, Maybe it will get you with in 75K of where someone would willingly sell to you, but other than that you will need to get a gun pointed at their head to get them to sell for what the foreclosure down the street sold for,

    Anyway TG what did you pay 275K I think, tell you what I will give you 285K what do you say ??? (just kidding).

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