Business data point in Temecula

[NotCranky]

[quote=Rt.66]Russell I said opinions were motivated by having

“skin in the game”

OR, or, or

“stood to make a commission”.

You said:

I was responding to that statement.

People who bought last spring likely lost the “fingers” they had “on the pulse”. [/quote]

I had neither skin in the game nor did I stand to make a commission.

“we were suggesting last spring that a potentially good entry point was nearing”
Doesn’t seem to say rush out an get you fingers cut off?In the context of price declines and years since peak, I don’t think it was too early to responsibly air this stuff out.

See what I am saying? Then I explained the rest to you so now you know.

If you are referring to my skin in the game in Jamul, I bought/built this “move-up” property in 2004 and on, paying it off by selling my other place in 2005 took out some money and now I have two houses(when I get around to finishing building the other one).

While I understand that suspicion wrt “skin in the game” and agree that it should be taken into consideration, my skin is feeling nice.And if it were the “skin in the game” driving me to be insanely bullish. I think I would have started being rabidly so a long time before last spring,since I have owned properties consistently since 1992. Also, I would not select modest and low priced segments of Temecula, of all places, to show my “bias”.It is just not workable for me.

Have you fully considered your own potential bias?Do you NEED prices to fall further in a drastic way for some reason? This is kind of the reverse of skin in the game and I have seen it more than a few times.I am not accusing you, just asking.

[Rt.66]

Russell, I was not reffering to you.

My standpoint is the absolute and complete and totally bizaro world that thinks we may have been near a bottom last spring or this spring when REOs right NOW today, are at GD1 proportions and EVERYONE should know its getting worse by the minute. You can’t hide from this news.

Do I need prices to drop? Like maybe I could qualify if prices fall some more but not at today’s prices? Absolutley not.

My motivation is that I just can’t get my mind around such denial of absolute, in-your-face facts and figures screaming “trouble ahead”, WARNING, WARNING and people are cheerleading RE bottoms.

Maybe its some morbid fancination with having people try to explain the absurd?

[Rt.66]

Russell, I was not reffering to you.

My standpoint is the absolute and complete and totally bizaro world that thinks we may have been near a bottom last spring or this spring when REOs right NOW today, are at GD1 proportions and EVERYONE should know its getting worse by the minute. You can’t hide from this news.

Do I need prices to drop? Like maybe I could qualify if prices fall some more but not at today’s prices? Absolutley not.

My motivation is that I just can’t get my mind around such denial of absolute, in-your-face facts and figures screaming “trouble ahead”, WARNING, WARNING and people are cheerleading RE bottoms.

Maybe its some morbid fancination with having people try to explain the absurd?

[Rt.66]

Russell, I was not reffering to you.

My standpoint is the absolute and complete and totally bizaro world that thinks we may have been near a bottom last spring or this spring when REOs right NOW today, are at GD1 proportions and EVERYONE should know its getting worse by the minute. You can’t hide from this news.

Do I need prices to drop? Like maybe I could qualify if prices fall some more but not at today’s prices? Absolutley not.

My motivation is that I just can’t get my mind around such denial of absolute, in-your-face facts and figures screaming “trouble ahead”, WARNING, WARNING and people are cheerleading RE bottoms.

Maybe its some morbid fancination with having people try to explain the absurd?

[Rt.66]

Russell, I was not reffering to you.

My standpoint is the absolute and complete and totally bizaro world that thinks we may have been near a bottom last spring or this spring when REOs right NOW today, are at GD1 proportions and EVERYONE should know its getting worse by the minute. You can’t hide from this news.

Do I need prices to drop? Like maybe I could qualify if prices fall some more but not at today’s prices? Absolutley not.

My motivation is that I just can’t get my mind around such denial of absolute, in-your-face facts and figures screaming “trouble ahead”, WARNING, WARNING and people are cheerleading RE bottoms.

Maybe its some morbid fancination with having people try to explain the absurd?

[Rt.66]

Russell, I was not reffering to you.

My standpoint is the absolute and complete and totally bizaro world that thinks we may have been near a bottom last spring or this spring when REOs right NOW today, are at GD1 proportions and EVERYONE should know its getting worse by the minute. You can’t hide from this news.

Do I need prices to drop? Like maybe I could qualify if prices fall some more but not at today’s prices? Absolutley not.

My motivation is that I just can’t get my mind around such denial of absolute, in-your-face facts and figures screaming “trouble ahead”, WARNING, WARNING and people are cheerleading RE bottoms.

Maybe its some morbid fancination with having people try to explain the absurd?

[NotCranky]

O.K. fair enough. Good luck.

[NotCranky]

O.K. fair enough. Good luck.

[NotCranky]

O.K. fair enough. Good luck.

[NotCranky]

O.K. fair enough. Good luck.

[NotCranky]

O.K. fair enough. Good luck.

[Coronita]

[quote=Rt.66][quote=sdrealtor]I have follwed RealtyTrac and their data for years. I would have stepped up and said it but as usual TG said it better than I ever could. Here goes anyway.

I am an expert and RealtyTrac blows![/quote]

Please elaborate. Do they blow because they report a huge foreclosure inventory that you say is not really there? [/quote]

Scarlet,

I would recommend you take the time to sort of listen what folks here longer have learned and comment on some folks here have been here a long time, and the common observation about realtytrac is that the data provided has far from accurate. In my area, plenty of things have been listed in various default statii, and upon actually investigating, a good portion of the entries were completely inaccurate, particularly SFH. There’s listings for properties that don’t even exist, or aren’t even part of the area.

One of the issues with all this “information” available to most everyone now is that you really need to figure out what’s its good for or not. Seems like you probably have already made up your own opinion on where you like things be at, and I’m sure there is probably selective data that can be pulled that supports your opinion. Well, to each and everyone’s own. Again, I good luck on finding that 50%+ deal you want.

[Coronita]

[quote=Rt.66][quote=sdrealtor]I have follwed RealtyTrac and their data for years. I would have stepped up and said it but as usual TG said it better than I ever could. Here goes anyway.

I am an expert and RealtyTrac blows![/quote]

Please elaborate. Do they blow because they report a huge foreclosure inventory that you say is not really there? [/quote]

Scarlet,

I would recommend you take the time to sort of listen what folks here longer have learned and comment on some folks here have been here a long time, and the common observation about realtytrac is that the data provided has far from accurate. In my area, plenty of things have been listed in various default statii, and upon actually investigating, a good portion of the entries were completely inaccurate, particularly SFH. There’s listings for properties that don’t even exist, or aren’t even part of the area.

One of the issues with all this “information” available to most everyone now is that you really need to figure out what’s its good for or not. Seems like you probably have already made up your own opinion on where you like things be at, and I’m sure there is probably selective data that can be pulled that supports your opinion. Well, to each and everyone’s own. Again, I good luck on finding that 50%+ deal you want.

[Coronita]

[quote=Rt.66][quote=sdrealtor]I have follwed RealtyTrac and their data for years. I would have stepped up and said it but as usual TG said it better than I ever could. Here goes anyway.

I am an expert and RealtyTrac blows![/quote]

Please elaborate. Do they blow because they report a huge foreclosure inventory that you say is not really there? [/quote]

Scarlet,

I would recommend you take the time to sort of listen what folks here longer have learned and comment on some folks here have been here a long time, and the common observation about realtytrac is that the data provided has far from accurate. In my area, plenty of things have been listed in various default statii, and upon actually investigating, a good portion of the entries were completely inaccurate, particularly SFH. There’s listings for properties that don’t even exist, or aren’t even part of the area.

One of the issues with all this “information” available to most everyone now is that you really need to figure out what’s its good for or not. Seems like you probably have already made up your own opinion on where you like things be at, and I’m sure there is probably selective data that can be pulled that supports your opinion. Well, to each and everyone’s own. Again, I good luck on finding that 50%+ deal you want.

[Coronita]

[quote=Rt.66][quote=sdrealtor]I have follwed RealtyTrac and their data for years. I would have stepped up and said it but as usual TG said it better than I ever could. Here goes anyway.

I am an expert and RealtyTrac blows![/quote]

Please elaborate. Do they blow because they report a huge foreclosure inventory that you say is not really there? [/quote]

Scarlet,

I would recommend you take the time to sort of listen what folks here longer have learned and comment on some folks here have been here a long time, and the common observation about realtytrac is that the data provided has far from accurate. In my area, plenty of things have been listed in various default statii, and upon actually investigating, a good portion of the entries were completely inaccurate, particularly SFH. There’s listings for properties that don’t even exist, or aren’t even part of the area.

One of the issues with all this “information” available to most everyone now is that you really need to figure out what’s its good for or not. Seems like you probably have already made up your own opinion on where you like things be at, and I’m sure there is probably selective data that can be pulled that supports your opinion. Well, to each and everyone’s own. Again, I good luck on finding that 50%+ deal you want.

[Author]

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