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gdcox.
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August 12, 2008 at 11:32 AM #13579August 12, 2008 at 12:18 PM #256120
LA_Renter
ParticipantHere is the San Diego Tribune article CR referenced
http://www.signonsandiego.com/news/business/20080812-9999-1n12million.html
I love this quote
“Maxine Gellens, a longtime La Jolla real estate agent, said high-end foreclosures are no different from those involving $200,000 starter condominiums whose values have fallen below loan balances or whose monthly payments have become unsustainable.
“If you overextend or borrow too much, it doesn’t matter what the price of the property is, you’ll see that differential and you’re not going to be able to sell it,” Gellens said.”
Yep!
Have you noticed the increase in “Alt-A” posts on the blogs. This is getting interesting. Can the Gubment bail this out or are is it the “mouse that roared”. Stay tuned!
August 12, 2008 at 12:18 PM #256300LA_Renter
ParticipantHere is the San Diego Tribune article CR referenced
http://www.signonsandiego.com/news/business/20080812-9999-1n12million.html
I love this quote
“Maxine Gellens, a longtime La Jolla real estate agent, said high-end foreclosures are no different from those involving $200,000 starter condominiums whose values have fallen below loan balances or whose monthly payments have become unsustainable.
“If you overextend or borrow too much, it doesn’t matter what the price of the property is, you’ll see that differential and you’re not going to be able to sell it,” Gellens said.”
Yep!
Have you noticed the increase in “Alt-A” posts on the blogs. This is getting interesting. Can the Gubment bail this out or are is it the “mouse that roared”. Stay tuned!
August 12, 2008 at 12:18 PM #256302LA_Renter
ParticipantHere is the San Diego Tribune article CR referenced
http://www.signonsandiego.com/news/business/20080812-9999-1n12million.html
I love this quote
“Maxine Gellens, a longtime La Jolla real estate agent, said high-end foreclosures are no different from those involving $200,000 starter condominiums whose values have fallen below loan balances or whose monthly payments have become unsustainable.
“If you overextend or borrow too much, it doesn’t matter what the price of the property is, you’ll see that differential and you’re not going to be able to sell it,” Gellens said.”
Yep!
Have you noticed the increase in “Alt-A” posts on the blogs. This is getting interesting. Can the Gubment bail this out or are is it the “mouse that roared”. Stay tuned!
August 12, 2008 at 12:18 PM #256363LA_Renter
ParticipantHere is the San Diego Tribune article CR referenced
http://www.signonsandiego.com/news/business/20080812-9999-1n12million.html
I love this quote
“Maxine Gellens, a longtime La Jolla real estate agent, said high-end foreclosures are no different from those involving $200,000 starter condominiums whose values have fallen below loan balances or whose monthly payments have become unsustainable.
“If you overextend or borrow too much, it doesn’t matter what the price of the property is, you’ll see that differential and you’re not going to be able to sell it,” Gellens said.”
Yep!
Have you noticed the increase in “Alt-A” posts on the blogs. This is getting interesting. Can the Gubment bail this out or are is it the “mouse that roared”. Stay tuned!
August 12, 2008 at 12:18 PM #256410LA_Renter
ParticipantHere is the San Diego Tribune article CR referenced
http://www.signonsandiego.com/news/business/20080812-9999-1n12million.html
I love this quote
“Maxine Gellens, a longtime La Jolla real estate agent, said high-end foreclosures are no different from those involving $200,000 starter condominiums whose values have fallen below loan balances or whose monthly payments have become unsustainable.
“If you overextend or borrow too much, it doesn’t matter what the price of the property is, you’ll see that differential and you’re not going to be able to sell it,” Gellens said.”
Yep!
Have you noticed the increase in “Alt-A” posts on the blogs. This is getting interesting. Can the Gubment bail this out or are is it the “mouse that roared”. Stay tuned!
August 12, 2008 at 3:38 PM #256165j
ParticipantI run 20 miles a week and ride my bike another 20 to 30 miles a week, and I can see the wave of higher end foreclosures coming. The lawns that once had the for sell signs are dead, and the extra cars, motorhomes, and boats are sold for the lucky ones. The unlucky ones just went through the cycle trying to sell all their toys, and the “bank owned” for sell signs are coming shortly.
I already see those signs in the neighborhoods that sold for 650K to 800K a few years ago, and those homes are listing at 550K and sitting. The 800K plus homes from a few years ago will be owned by the bank shortly. The once 750K – 1M homes in Jamul and Alpine will flood the market in 3 months or so with bank owned signs.
August 12, 2008 at 3:38 PM #256345j
ParticipantI run 20 miles a week and ride my bike another 20 to 30 miles a week, and I can see the wave of higher end foreclosures coming. The lawns that once had the for sell signs are dead, and the extra cars, motorhomes, and boats are sold for the lucky ones. The unlucky ones just went through the cycle trying to sell all their toys, and the “bank owned” for sell signs are coming shortly.
I already see those signs in the neighborhoods that sold for 650K to 800K a few years ago, and those homes are listing at 550K and sitting. The 800K plus homes from a few years ago will be owned by the bank shortly. The once 750K – 1M homes in Jamul and Alpine will flood the market in 3 months or so with bank owned signs.
August 12, 2008 at 3:38 PM #256347j
ParticipantI run 20 miles a week and ride my bike another 20 to 30 miles a week, and I can see the wave of higher end foreclosures coming. The lawns that once had the for sell signs are dead, and the extra cars, motorhomes, and boats are sold for the lucky ones. The unlucky ones just went through the cycle trying to sell all their toys, and the “bank owned” for sell signs are coming shortly.
I already see those signs in the neighborhoods that sold for 650K to 800K a few years ago, and those homes are listing at 550K and sitting. The 800K plus homes from a few years ago will be owned by the bank shortly. The once 750K – 1M homes in Jamul and Alpine will flood the market in 3 months or so with bank owned signs.
August 12, 2008 at 3:38 PM #256408j
ParticipantI run 20 miles a week and ride my bike another 20 to 30 miles a week, and I can see the wave of higher end foreclosures coming. The lawns that once had the for sell signs are dead, and the extra cars, motorhomes, and boats are sold for the lucky ones. The unlucky ones just went through the cycle trying to sell all their toys, and the “bank owned” for sell signs are coming shortly.
I already see those signs in the neighborhoods that sold for 650K to 800K a few years ago, and those homes are listing at 550K and sitting. The 800K plus homes from a few years ago will be owned by the bank shortly. The once 750K – 1M homes in Jamul and Alpine will flood the market in 3 months or so with bank owned signs.
August 12, 2008 at 3:38 PM #256456j
ParticipantI run 20 miles a week and ride my bike another 20 to 30 miles a week, and I can see the wave of higher end foreclosures coming. The lawns that once had the for sell signs are dead, and the extra cars, motorhomes, and boats are sold for the lucky ones. The unlucky ones just went through the cycle trying to sell all their toys, and the “bank owned” for sell signs are coming shortly.
I already see those signs in the neighborhoods that sold for 650K to 800K a few years ago, and those homes are listing at 550K and sitting. The 800K plus homes from a few years ago will be owned by the bank shortly. The once 750K – 1M homes in Jamul and Alpine will flood the market in 3 months or so with bank owned signs.
August 12, 2008 at 4:58 PM #256200mixxalot
ParticipantCash is king
I am banking up cash for the down payment as the real estate comes back to earth here in San Diego. Heck, in 2-3 years, I will be able to actually buy me a nice place in PB, OB, Point Loma, Del Mar or Carlsbad areas. Not a palace but a modest 2-3 bedroom townhome with 1500-2000 square feet and a 2 car garage and small yard and some views.
August 12, 2008 at 4:58 PM #256381mixxalot
ParticipantCash is king
I am banking up cash for the down payment as the real estate comes back to earth here in San Diego. Heck, in 2-3 years, I will be able to actually buy me a nice place in PB, OB, Point Loma, Del Mar or Carlsbad areas. Not a palace but a modest 2-3 bedroom townhome with 1500-2000 square feet and a 2 car garage and small yard and some views.
August 12, 2008 at 4:58 PM #256387mixxalot
ParticipantCash is king
I am banking up cash for the down payment as the real estate comes back to earth here in San Diego. Heck, in 2-3 years, I will be able to actually buy me a nice place in PB, OB, Point Loma, Del Mar or Carlsbad areas. Not a palace but a modest 2-3 bedroom townhome with 1500-2000 square feet and a 2 car garage and small yard and some views.
August 12, 2008 at 4:58 PM #256443mixxalot
ParticipantCash is king
I am banking up cash for the down payment as the real estate comes back to earth here in San Diego. Heck, in 2-3 years, I will be able to actually buy me a nice place in PB, OB, Point Loma, Del Mar or Carlsbad areas. Not a palace but a modest 2-3 bedroom townhome with 1500-2000 square feet and a 2 car garage and small yard and some views.
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