Article in the L.A. Times August 12. 2007

[Ex-SD]

Interesting article that tells it like it is in the L.A. Times today:

http://www.latimes.com/la-fi-vacant12aug12,0,4584754.story?coll=la-home-center

[waiting hawk]

That is on today’s front page. Check it out.

http://www.newseum.org/todaysfrontpages/hr.asp?fpVname=CA_LAT&ref_pge=gal&b_pge=1

Nice smile to my face article. Thanks 🙂

[waiting hawk]

That is on today’s front page. Check it out.

http://www.newseum.org/todaysfrontpages/hr.asp?fpVname=CA_LAT&ref_pge=gal&b_pge=1

Nice smile to my face article. Thanks 🙂

[waiting hawk]

That is on today’s front page. Check it out.

http://www.newseum.org/todaysfrontpages/hr.asp?fpVname=CA_LAT&ref_pge=gal&b_pge=1

Nice smile to my face article. Thanks 🙂

[bsrsharma]

Written without the usual MSM bubbly optimism.

Did you see on the front page:

“Foreclosures may spur price drops: On L.A.’s edges, soaring repossessions could set off a downward spiral.”

resonates well with:

“Rum is lifting economic spirits”

There will be brisk business in those spirits now.

[bsrsharma]

Written without the usual MSM bubbly optimism.

Did you see on the front page:

“Foreclosures may spur price drops: On L.A.’s edges, soaring repossessions could set off a downward spiral.”

resonates well with:

“Rum is lifting economic spirits”

There will be brisk business in those spirits now.

[bsrsharma]

Written without the usual MSM bubbly optimism.

Did you see on the front page:

“Foreclosures may spur price drops: On L.A.’s edges, soaring repossessions could set off a downward spiral.”

resonates well with:

“Rum is lifting economic spirits”

There will be brisk business in those spirits now.

[Bugs]

Another David Streitfield article. He’s hitting the front page more often as time goes on.

[Bugs]

Another David Streitfield article. He’s hitting the front page more often as time goes on.

[Bugs]

Another David Streitfield article. He’s hitting the front page more often as time goes on.

[Arraya]

“We price our foreclosed houses high, at full market value,” he said. “We don’t accept offers which come from speculators lowballing us. We’re not desperate, and I’m sure Countrywide is far from desperate.”

I just don’t get it? Didn’t CW just say it was having problems selling loans? Couple that with all the forclosures its got to be bogging them down.

[Arraya]

“We price our foreclosed houses high, at full market value,” he said. “We don’t accept offers which come from speculators lowballing us. We’re not desperate, and I’m sure Countrywide is far from desperate.”

I just don’t get it? Didn’t CW just say it was having problems selling loans? Couple that with all the forclosures its got to be bogging them down.

[Arraya]

“We price our foreclosed houses high, at full market value,” he said. “We don’t accept offers which come from speculators lowballing us. We’re not desperate, and I’m sure Countrywide is far from desperate.”

I just don’t get it? Didn’t CW just say it was having problems selling loans? Couple that with all the forclosures its got to be bogging them down.

[no_such_reality]

That was some micro-lender. They have all of 27 properties, he’s turned and rented half of them the other half he’s attempting to sell.

Can you imagine Countrywide and Wells Fargo deciding to rent half of their foreclosures? Returning some 2500 units in the 2nd quarter concentrated in places like Chula Vista, Temecula, Folsom and Anaheim back to the rental market?

[no_such_reality]

That was some micro-lender. They have all of 27 properties, he’s turned and rented half of them the other half he’s attempting to sell.

Can you imagine Countrywide and Wells Fargo deciding to rent half of their foreclosures? Returning some 2500 units in the 2nd quarter concentrated in places like Chula Vista, Temecula, Folsom and Anaheim back to the rental market?

[Author]

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