BOA to increase foreclosure rate from 7500 per mo. to 45000 per mo.

[an]

[quote=briansd1]
Tsunami was hyperbole. I believe the term became part of the vernacular since the tsunami in Asia.

We all know that’s not how real estate works. There is no singular event that will wipe out values in on sweep.

Economic decay happens slowly and that’s what is happening in real estate. Inflation is also masking the price drops.

But if you sum up all the economic ripples that affected real estate since 2006, and the ripples that have yet to reach us, they would add up to tsunami if they all hit at once.

That’s why I maintain that patience is key.[/quote]
Maybe you should read back at all the tsunami warning over the last 2 years. Some say we should see one this year due to the option ARM loans. Take that tsunami w/ this BofA news and I’m expecting to see a wipe out of both comes true.

Sorry, but inflation is a good thing if you’re locked into today’s loan at today’s $ value and today’s interest. FYI, price drop of 50%+ in some are is hardly what I’d call a slow decay.

[briansd1]

[quote=AN]FYI, price drop of 50%+ in some are is hardly what I’d call a slow decay.[/quote]

Does that qualify as tsunami then?

The 50% drop is significant but it didn’t happen in one day caused by a singular event as a tsunami would wipe out everything in one sweep. That’s why I’m saying that Tsunami is just a figure of speech.

The metaphor doesn’t quite work. But it’s illustrative nonetheless if you take a long view of real estate.

[briansd1]

[quote=AN]FYI, price drop of 50%+ in some are is hardly what I’d call a slow decay.[/quote]

Does that qualify as tsunami then?

The 50% drop is significant but it didn’t happen in one day caused by a singular event as a tsunami would wipe out everything in one sweep. That’s why I’m saying that Tsunami is just a figure of speech.

The metaphor doesn’t quite work. But it’s illustrative nonetheless if you take a long view of real estate.

[briansd1]

[quote=AN]FYI, price drop of 50%+ in some are is hardly what I’d call a slow decay.[/quote]

Does that qualify as tsunami then?

The 50% drop is significant but it didn’t happen in one day caused by a singular event as a tsunami would wipe out everything in one sweep. That’s why I’m saying that Tsunami is just a figure of speech.

The metaphor doesn’t quite work. But it’s illustrative nonetheless if you take a long view of real estate.

[briansd1]

[quote=AN]FYI, price drop of 50%+ in some are is hardly what I’d call a slow decay.[/quote]

Does that qualify as tsunami then?

The 50% drop is significant but it didn’t happen in one day caused by a singular event as a tsunami would wipe out everything in one sweep. That’s why I’m saying that Tsunami is just a figure of speech.

The metaphor doesn’t quite work. But it’s illustrative nonetheless if you take a long view of real estate.

[briansd1]

[quote=AN]FYI, price drop of 50%+ in some are is hardly what I’d call a slow decay.[/quote]

Does that qualify as tsunami then?

The 50% drop is significant but it didn’t happen in one day caused by a singular event as a tsunami would wipe out everything in one sweep. That’s why I’m saying that Tsunami is just a figure of speech.

The metaphor doesn’t quite work. But it’s illustrative nonetheless if you take a long view of real estate.

[an]

[quote=briansd1]
Does that qualify as tsunami then?

The 50% drop is significant but it didn’t happen in one day caused by a singular event as a tsunami would wipe out everything in one sweep. That’s why I’m saying that Tsunami is just a figure of speech.

The metaphor doesn’t quite work. But it’s illustrative nonetheless if you take a long view of real estate.[/quote]
Yes, in those areas, the tsunami hit and it hit hard. Many say the others will see similar tsunami soon. I’m still waiting. If you want to buy in those hard hit areas, you’re lucky that the tsunami got there. But this next tsunami was supposed to hit everywhere else and continue to pound the already hard hit areas.

[an]

[quote=briansd1]
Does that qualify as tsunami then?

The 50% drop is significant but it didn’t happen in one day caused by a singular event as a tsunami would wipe out everything in one sweep. That’s why I’m saying that Tsunami is just a figure of speech.

The metaphor doesn’t quite work. But it’s illustrative nonetheless if you take a long view of real estate.[/quote]
Yes, in those areas, the tsunami hit and it hit hard. Many say the others will see similar tsunami soon. I’m still waiting. If you want to buy in those hard hit areas, you’re lucky that the tsunami got there. But this next tsunami was supposed to hit everywhere else and continue to pound the already hard hit areas.

[an]

[quote=briansd1]
Does that qualify as tsunami then?

The 50% drop is significant but it didn’t happen in one day caused by a singular event as a tsunami would wipe out everything in one sweep. That’s why I’m saying that Tsunami is just a figure of speech.

The metaphor doesn’t quite work. But it’s illustrative nonetheless if you take a long view of real estate.[/quote]
Yes, in those areas, the tsunami hit and it hit hard. Many say the others will see similar tsunami soon. I’m still waiting. If you want to buy in those hard hit areas, you’re lucky that the tsunami got there. But this next tsunami was supposed to hit everywhere else and continue to pound the already hard hit areas.

[an]

[quote=briansd1]
Does that qualify as tsunami then?

The 50% drop is significant but it didn’t happen in one day caused by a singular event as a tsunami would wipe out everything in one sweep. That’s why I’m saying that Tsunami is just a figure of speech.

The metaphor doesn’t quite work. But it’s illustrative nonetheless if you take a long view of real estate.[/quote]
Yes, in those areas, the tsunami hit and it hit hard. Many say the others will see similar tsunami soon. I’m still waiting. If you want to buy in those hard hit areas, you’re lucky that the tsunami got there. But this next tsunami was supposed to hit everywhere else and continue to pound the already hard hit areas.

[an]

[quote=briansd1]
Does that qualify as tsunami then?

The 50% drop is significant but it didn’t happen in one day caused by a singular event as a tsunami would wipe out everything in one sweep. That’s why I’m saying that Tsunami is just a figure of speech.

The metaphor doesn’t quite work. But it’s illustrative nonetheless if you take a long view of real estate.[/quote]
Yes, in those areas, the tsunami hit and it hit hard. Many say the others will see similar tsunami soon. I’m still waiting. If you want to buy in those hard hit areas, you’re lucky that the tsunami got there. But this next tsunami was supposed to hit everywhere else and continue to pound the already hard hit areas.

[Arraya]

Actually, the tsunami talk started about a year ago because that’s when the shadow bottleneck started and has been growing ever since.

Putting your hands over your ears and yelling “la la la it’s not real”… does not make it go away. It is still unrecognized downward pressure. Up to about 10 million mortgages nation wide. Now, I know SDs deep pockets can withstand what ever comes it’s way. But some other areas may not fare so well.

[Arraya]

Actually, the tsunami talk started about a year ago because that’s when the shadow bottleneck started and has been growing ever since.

Putting your hands over your ears and yelling “la la la it’s not real”… does not make it go away. It is still unrecognized downward pressure. Up to about 10 million mortgages nation wide. Now, I know SDs deep pockets can withstand what ever comes it’s way. But some other areas may not fare so well.

[Arraya]

Actually, the tsunami talk started about a year ago because that’s when the shadow bottleneck started and has been growing ever since.

Putting your hands over your ears and yelling “la la la it’s not real”… does not make it go away. It is still unrecognized downward pressure. Up to about 10 million mortgages nation wide. Now, I know SDs deep pockets can withstand what ever comes it’s way. But some other areas may not fare so well.

[Arraya]

Actually, the tsunami talk started about a year ago because that’s when the shadow bottleneck started and has been growing ever since.

Putting your hands over your ears and yelling “la la la it’s not real”… does not make it go away. It is still unrecognized downward pressure. Up to about 10 million mortgages nation wide. Now, I know SDs deep pockets can withstand what ever comes it’s way. But some other areas may not fare so well.

[Author]

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