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peterb.
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May 7, 2009 at 8:49 AM #394977May 7, 2009 at 9:11 AM #394319
Rt.66
Participant[quote=outtamojo]Hey, RT, what were those same economist folk saying back in 2005? They were for the most part as rosy as they are now bearish. Imo if you listen to the national pundits rather than focusing on what is right in front of you in the market you are interested in and you are somewhat picky about the features you want in the house you are looking for…
you end up missing the so called “bottom”. The real collapse, if it comes, will be in 2011 or 2012 when and if all the stimulus fails.[/quote]What is “right in front” of EVERY market I have looked at is a buttload of foreclosures sitting in shadow inventory AND a MASSIVE wave of Foreclosures getting ready to hit.
If that signals a buying opportunity to you then by all means jump in.
I challenge anyone to post a Foreclosure map of a hood they are interested in that does not scream WAIT!
May 7, 2009 at 9:11 AM #394576Participant[quote=outtamojo]Hey, RT, what were those same economist folk saying back in 2005? They were for the most part as rosy as they are now bearish. Imo if you listen to the national pundits rather than focusing on what is right in front of you in the market you are interested in and you are somewhat picky about the features you want in the house you are looking for…
you end up missing the so called “bottom”. The real collapse, if it comes, will be in 2011 or 2012 when and if all the stimulus fails.[/quote]What is “right in front” of EVERY market I have looked at is a buttload of foreclosures sitting in shadow inventory AND a MASSIVE wave of Foreclosures getting ready to hit.
If that signals a buying opportunity to you then by all means jump in.
I challenge anyone to post a Foreclosure map of a hood they are interested in that does not scream WAIT!
May 7, 2009 at 9:11 AM #394793Participant[quote=outtamojo]Hey, RT, what were those same economist folk saying back in 2005? They were for the most part as rosy as they are now bearish. Imo if you listen to the national pundits rather than focusing on what is right in front of you in the market you are interested in and you are somewhat picky about the features you want in the house you are looking for…
you end up missing the so called “bottom”. The real collapse, if it comes, will be in 2011 or 2012 when and if all the stimulus fails.[/quote]What is “right in front” of EVERY market I have looked at is a buttload of foreclosures sitting in shadow inventory AND a MASSIVE wave of Foreclosures getting ready to hit.
If that signals a buying opportunity to you then by all means jump in.
I challenge anyone to post a Foreclosure map of a hood they are interested in that does not scream WAIT!
May 7, 2009 at 9:11 AM #394846Participant[quote=outtamojo]Hey, RT, what were those same economist folk saying back in 2005? They were for the most part as rosy as they are now bearish. Imo if you listen to the national pundits rather than focusing on what is right in front of you in the market you are interested in and you are somewhat picky about the features you want in the house you are looking for…
you end up missing the so called “bottom”. The real collapse, if it comes, will be in 2011 or 2012 when and if all the stimulus fails.[/quote]What is “right in front” of EVERY market I have looked at is a buttload of foreclosures sitting in shadow inventory AND a MASSIVE wave of Foreclosures getting ready to hit.
If that signals a buying opportunity to you then by all means jump in.
I challenge anyone to post a Foreclosure map of a hood they are interested in that does not scream WAIT!
May 7, 2009 at 9:11 AM #394987Participant[quote=outtamojo]Hey, RT, what were those same economist folk saying back in 2005? They were for the most part as rosy as they are now bearish. Imo if you listen to the national pundits rather than focusing on what is right in front of you in the market you are interested in and you are somewhat picky about the features you want in the house you are looking for…
you end up missing the so called “bottom”. The real collapse, if it comes, will be in 2011 or 2012 when and if all the stimulus fails.[/quote]What is “right in front” of EVERY market I have looked at is a buttload of foreclosures sitting in shadow inventory AND a MASSIVE wave of Foreclosures getting ready to hit.
If that signals a buying opportunity to you then by all means jump in.
I challenge anyone to post a Foreclosure map of a hood they are interested in that does not scream WAIT!
May 7, 2009 at 9:23 AM #394329outtamojo
Participant“If that signals a buying opportunity to you then by all means jump in.”
I WILL, as soon as some of that “massive shadow inventory” to be released includes a 4/3 house w/ a nice view in SEH for 180/sq. foot or less preferably on Genoa, Milan, Glencrest or Stargaze. I don’t like any of the featureless junk(sorry homeowners) for sale now for <625K..Btw, have you followed the inventory for single family detached in South San Marcos?May 7, 2009 at 9:23 AM #394586Participant“If that signals a buying opportunity to you then by all means jump in.”
I WILL, as soon as some of that “massive shadow inventory” to be released includes a 4/3 house w/ a nice view in SEH for 180/sq. foot or less preferably on Genoa, Milan, Glencrest or Stargaze. I don’t like any of the featureless junk(sorry homeowners) for sale now for <625K..Btw, have you followed the inventory for single family detached in South San Marcos?May 7, 2009 at 9:23 AM #394802Participant“If that signals a buying opportunity to you then by all means jump in.”
I WILL, as soon as some of that “massive shadow inventory” to be released includes a 4/3 house w/ a nice view in SEH for 180/sq. foot or less preferably on Genoa, Milan, Glencrest or Stargaze. I don’t like any of the featureless junk(sorry homeowners) for sale now for <625K..Btw, have you followed the inventory for single family detached in South San Marcos?May 7, 2009 at 9:23 AM #394856Participant“If that signals a buying opportunity to you then by all means jump in.”
I WILL, as soon as some of that “massive shadow inventory” to be released includes a 4/3 house w/ a nice view in SEH for 180/sq. foot or less preferably on Genoa, Milan, Glencrest or Stargaze. I don’t like any of the featureless junk(sorry homeowners) for sale now for <625K..Btw, have you followed the inventory for single family detached in South San Marcos?May 7, 2009 at 9:23 AM #394999Participant“If that signals a buying opportunity to you then by all means jump in.”
I WILL, as soon as some of that “massive shadow inventory” to be released includes a 4/3 house w/ a nice view in SEH for 180/sq. foot or less preferably on Genoa, Milan, Glencrest or Stargaze. I don’t like any of the featureless junk(sorry homeowners) for sale now for <625K..Btw, have you followed the inventory for single family detached in South San Marcos?May 7, 2009 at 9:32 AM #394334jpinpb
ParticipantRT – I definitely agree there are a boatload for NODs out there. BUT – what if they do re-work a high percentage of them by reducing interest rates and/or principle or both? This will allow a high percentage to stay in their homes and thus many of those NODs will never hit the market.
Just trying to figure out the direction this is going. Banks have been sitting on these places for a long time. They have the government bailout. You would think during the spring season they would unload them, yet they trickle in. Are they still not wanting to take the loss or are they in negotiations w/the buyers?
Obviously if the re-work a high percentage of the loans, it will effect the direction of the market and outcome could be much different than we’re thinking.
May 7, 2009 at 9:32 AM #394591ParticipantRT – I definitely agree there are a boatload for NODs out there. BUT – what if they do re-work a high percentage of them by reducing interest rates and/or principle or both? This will allow a high percentage to stay in their homes and thus many of those NODs will never hit the market.
Just trying to figure out the direction this is going. Banks have been sitting on these places for a long time. They have the government bailout. You would think during the spring season they would unload them, yet they trickle in. Are they still not wanting to take the loss or are they in negotiations w/the buyers?
Obviously if the re-work a high percentage of the loans, it will effect the direction of the market and outcome could be much different than we’re thinking.
May 7, 2009 at 9:32 AM #394807ParticipantRT – I definitely agree there are a boatload for NODs out there. BUT – what if they do re-work a high percentage of them by reducing interest rates and/or principle or both? This will allow a high percentage to stay in their homes and thus many of those NODs will never hit the market.
Just trying to figure out the direction this is going. Banks have been sitting on these places for a long time. They have the government bailout. You would think during the spring season they would unload them, yet they trickle in. Are they still not wanting to take the loss or are they in negotiations w/the buyers?
Obviously if the re-work a high percentage of the loans, it will effect the direction of the market and outcome could be much different than we’re thinking.
May 7, 2009 at 9:32 AM #394861ParticipantRT – I definitely agree there are a boatload for NODs out there. BUT – what if they do re-work a high percentage of them by reducing interest rates and/or principle or both? This will allow a high percentage to stay in their homes and thus many of those NODs will never hit the market.
Just trying to figure out the direction this is going. Banks have been sitting on these places for a long time. They have the government bailout. You would think during the spring season they would unload them, yet they trickle in. Are they still not wanting to take the loss or are they in negotiations w/the buyers?
Obviously if the re-work a high percentage of the loans, it will effect the direction of the market and outcome could be much different than we’re thinking.
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