- This topic has 120 replies, 20 voices, and was last updated 17 years, 3 months ago by
JPJones.
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August 19, 2007 at 5:00 PM #78225August 20, 2007 at 8:04 AM #78249
capeman
ParticipantAverage 33% haircut…
An auction of about 135 foreclosed homes in San Diego Saturday provided more sobering news for mortgage lenders. Ramsey Su, an investor and former real-estate broker who attended, calculated that the high bids for the homes averaged 67% of the prices they fetched when they were last sold, mostly in 2004 or 2005. At a similar auction in San Diego in May, the average was 73%. The auction was held by Real Estate Disposition Corp., Irvine, Calif., which promotes such sales on the http://www.usahomeauction.com Web site. REDC officials couldn’t be reached to comment.
Now that’s what I like to see!!
Link to article…
http://online.wsj.com/article/SB118758059074702618.html?mod=hps_us_whats_news
August 20, 2007 at 8:04 AM #78374ParticipantAverage 33% haircut…
An auction of about 135 foreclosed homes in San Diego Saturday provided more sobering news for mortgage lenders. Ramsey Su, an investor and former real-estate broker who attended, calculated that the high bids for the homes averaged 67% of the prices they fetched when they were last sold, mostly in 2004 or 2005. At a similar auction in San Diego in May, the average was 73%. The auction was held by Real Estate Disposition Corp., Irvine, Calif., which promotes such sales on the http://www.usahomeauction.com Web site. REDC officials couldn’t be reached to comment.
Now that’s what I like to see!!
Link to article…
http://online.wsj.com/article/SB118758059074702618.html?mod=hps_us_whats_news
August 20, 2007 at 8:04 AM #78397ParticipantAverage 33% haircut…
An auction of about 135 foreclosed homes in San Diego Saturday provided more sobering news for mortgage lenders. Ramsey Su, an investor and former real-estate broker who attended, calculated that the high bids for the homes averaged 67% of the prices they fetched when they were last sold, mostly in 2004 or 2005. At a similar auction in San Diego in May, the average was 73%. The auction was held by Real Estate Disposition Corp., Irvine, Calif., which promotes such sales on the http://www.usahomeauction.com Web site. REDC officials couldn’t be reached to comment.
Now that’s what I like to see!!
Link to article…
http://online.wsj.com/article/SB118758059074702618.html?mod=hps_us_whats_news
August 20, 2007 at 10:40 PM #78619NotCranky
Participant“Ramsey Su, an investor and former real-estate broker who attended, calculated that the high bids for the homes averaged 67% of the prices they fetched when they were last sold, mostly in 2004 or 2005. At a similar auction in San Diego in May, the average was 73%.”
For those of you who may not have noticed the broker,Ramsey, has made “guest” posts for Rich. You can type Ramsey Su into the site search and several of his contributions come up. Excuse me if this has already been noted on another thread.
August 20, 2007 at 10:40 PM #78748Participant“Ramsey Su, an investor and former real-estate broker who attended, calculated that the high bids for the homes averaged 67% of the prices they fetched when they were last sold, mostly in 2004 or 2005. At a similar auction in San Diego in May, the average was 73%.”
For those of you who may not have noticed the broker,Ramsey, has made “guest” posts for Rich. You can type Ramsey Su into the site search and several of his contributions come up. Excuse me if this has already been noted on another thread.
August 20, 2007 at 10:40 PM #78769Participant“Ramsey Su, an investor and former real-estate broker who attended, calculated that the high bids for the homes averaged 67% of the prices they fetched when they were last sold, mostly in 2004 or 2005. At a similar auction in San Diego in May, the average was 73%.”
For those of you who may not have noticed the broker,Ramsey, has made “guest” posts for Rich. You can type Ramsey Su into the site search and several of his contributions come up. Excuse me if this has already been noted on another thread.
August 20, 2007 at 10:52 PM #78630JWM in SD
ParticipantHe is also a long time friend of Calculated Risk who grew up in San Diego..just in case you didn’t know that.
August 20, 2007 at 10:52 PM #78761ParticipantHe is also a long time friend of Calculated Risk who grew up in San Diego..just in case you didn’t know that.
August 20, 2007 at 10:52 PM #78782ParticipantHe is also a long time friend of Calculated Risk who grew up in San Diego..just in case you didn’t know that.
August 21, 2007 at 9:34 AM #78690ParticipantThese guys all know each other? I know a conspiracy when I see one.
August 21, 2007 at 9:34 AM #78820ParticipantThese guys all know each other? I know a conspiracy when I see one.
August 21, 2007 at 9:34 AM #78842ParticipantThese guys all know each other? I know a conspiracy when I see one.
August 21, 2007 at 9:46 AM #78696
JPJonesParticipantRustico channels the GC. 😮
August 21, 2007 at 9:46 AM #78827JPJonesParticipantRustico channels the GC. 😮
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