Home sales continue plunge

[Nor-LA-SD-guy]

Although I think there is still some down side left (possibly a lot in some markets that so far have not been slaughtered), for the U.S. as a whole I think the sales steep decline is a temporary thing caused by the tax credits, I think home sales will rebound somewhat come next spring.

[investor]

nor-la-sd-guy. I like your posts but I don’t feel confident in things turning for the better next spring. Too many homes that should be in foreclosure aren’t, too many commercial loans going bad. I would feel more confident in your estimation if the foreclosure process was allowed to go its natural course, get through the bad loans and then come out the other side having gone through the worst of it. I agree with the football analogy guys above that too much reinflating of the bubble has been done, trying to get the market back up artificially to avoid the bottom but all they have done is to postpone the enivatable and possibly make it worse.

[investor]

nor-la-sd-guy. I like your posts but I don’t feel confident in things turning for the better next spring. Too many homes that should be in foreclosure aren’t, too many commercial loans going bad. I would feel more confident in your estimation if the foreclosure process was allowed to go its natural course, get through the bad loans and then come out the other side having gone through the worst of it. I agree with the football analogy guys above that too much reinflating of the bubble has been done, trying to get the market back up artificially to avoid the bottom but all they have done is to postpone the enivatable and possibly make it worse.

[investor]

nor-la-sd-guy. I like your posts but I don’t feel confident in things turning for the better next spring. Too many homes that should be in foreclosure aren’t, too many commercial loans going bad. I would feel more confident in your estimation if the foreclosure process was allowed to go its natural course, get through the bad loans and then come out the other side having gone through the worst of it. I agree with the football analogy guys above that too much reinflating of the bubble has been done, trying to get the market back up artificially to avoid the bottom but all they have done is to postpone the enivatable and possibly make it worse.

[investor]

nor-la-sd-guy. I like your posts but I don’t feel confident in things turning for the better next spring. Too many homes that should be in foreclosure aren’t, too many commercial loans going bad. I would feel more confident in your estimation if the foreclosure process was allowed to go its natural course, get through the bad loans and then come out the other side having gone through the worst of it. I agree with the football analogy guys above that too much reinflating of the bubble has been done, trying to get the market back up artificially to avoid the bottom but all they have done is to postpone the enivatable and possibly make it worse.

[investor]

nor-la-sd-guy. I like your posts but I don’t feel confident in things turning for the better next spring. Too many homes that should be in foreclosure aren’t, too many commercial loans going bad. I would feel more confident in your estimation if the foreclosure process was allowed to go its natural course, get through the bad loans and then come out the other side having gone through the worst of it. I agree with the football analogy guys above that too much reinflating of the bubble has been done, trying to get the market back up artificially to avoid the bottom but all they have done is to postpone the enivatable and possibly make it worse.

[jpinpb]

[quote=captcha]
JTR says 90% of those who bought in 92130 since 06/01 put 20% or more down. I don’t remember the credit era numbers, but it was not much different. The prices would need to drop a lot for those to walk.[/quote]

6364 Oleander sold close to 2003 pricing. I’m surprised for CV.

[jpinpb]

[quote=captcha]
JTR says 90% of those who bought in 92130 since 06/01 put 20% or more down. I don’t remember the credit era numbers, but it was not much different. The prices would need to drop a lot for those to walk.[/quote]

6364 Oleander sold close to 2003 pricing. I’m surprised for CV.

[jpinpb]

[quote=captcha]
JTR says 90% of those who bought in 92130 since 06/01 put 20% or more down. I don’t remember the credit era numbers, but it was not much different. The prices would need to drop a lot for those to walk.[/quote]

6364 Oleander sold close to 2003 pricing. I’m surprised for CV.

[jpinpb]

[quote=captcha]
JTR says 90% of those who bought in 92130 since 06/01 put 20% or more down. I don’t remember the credit era numbers, but it was not much different. The prices would need to drop a lot for those to walk.[/quote]

6364 Oleander sold close to 2003 pricing. I’m surprised for CV.

[jpinpb]

[quote=captcha]
JTR says 90% of those who bought in 92130 since 06/01 put 20% or more down. I don’t remember the credit era numbers, but it was not much different. The prices would need to drop a lot for those to walk.[/quote]

6364 Oleander sold close to 2003 pricing. I’m surprised for CV.

[zk]

[quote=jpinpb]

6364 Oleander sold close to 2003 pricing. I’m surprised for CV.[/quote]

While technically in the CV zip code, that end of CV goes to PQ schools, and is not generally considered as desireable as the rest of CV.

The damage does seem to be moving closer, though.

[zk]

[quote=jpinpb]

6364 Oleander sold close to 2003 pricing. I’m surprised for CV.[/quote]

While technically in the CV zip code, that end of CV goes to PQ schools, and is not generally considered as desireable as the rest of CV.

The damage does seem to be moving closer, though.

[zk]

[quote=jpinpb]

6364 Oleander sold close to 2003 pricing. I’m surprised for CV.[/quote]

While technically in the CV zip code, that end of CV goes to PQ schools, and is not generally considered as desireable as the rest of CV.

The damage does seem to be moving closer, though.

[zk]

[quote=jpinpb]

6364 Oleander sold close to 2003 pricing. I’m surprised for CV.[/quote]

While technically in the CV zip code, that end of CV goes to PQ schools, and is not generally considered as desireable as the rest of CV.

The damage does seem to be moving closer, though.

[Author]

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