Is it just me?

[sdrealtor]

Quote of the Day

“Really now, this is possibly the most manipulated market we have ever experienced and it should be painfully obvious to people.”

And it should come as no surprise to any of you. The only way out is inflation. Inflation takes time to set in. Time is what they are buying. This manipulation will go one for years. Dont expect a free market or them to allow free market forces to reign the day. It is not fun trying to buy real estate today. It wont be when its your turn either. For better or worse, its the way it is and the way its gonna be. I gave up trying to warn you folks on a daily basis several months ago……..

[SD Realtor]

cv2 – Patientrenter just knocked it out of the park. That post nailed it in 2 lines. As sdr said as well, in the grand scheme of things all the government needs is time. Hey this entire mess will eventually all be cleaned up a few years down the road right. All it took was several trillion dollars of taxpayer money, a few investment bankers went down the tubes as sacrificial lambs, and we will go through a series of years with high inflation down the road.

Oh and as a side benefit the government now has more direct control of many private industries then it has in the history of the USA… that is just a perk though.

Done.

[SD Realtor]

cv2 – Patientrenter just knocked it out of the park. That post nailed it in 2 lines. As sdr said as well, in the grand scheme of things all the government needs is time. Hey this entire mess will eventually all be cleaned up a few years down the road right. All it took was several trillion dollars of taxpayer money, a few investment bankers went down the tubes as sacrificial lambs, and we will go through a series of years with high inflation down the road.

Oh and as a side benefit the government now has more direct control of many private industries then it has in the history of the USA… that is just a perk though.

Done.

[SD Realtor]

cv2 – Patientrenter just knocked it out of the park. That post nailed it in 2 lines. As sdr said as well, in the grand scheme of things all the government needs is time. Hey this entire mess will eventually all be cleaned up a few years down the road right. All it took was several trillion dollars of taxpayer money, a few investment bankers went down the tubes as sacrificial lambs, and we will go through a series of years with high inflation down the road.

Oh and as a side benefit the government now has more direct control of many private industries then it has in the history of the USA… that is just a perk though.

Done.

[SD Realtor]

cv2 – Patientrenter just knocked it out of the park. That post nailed it in 2 lines. As sdr said as well, in the grand scheme of things all the government needs is time. Hey this entire mess will eventually all be cleaned up a few years down the road right. All it took was several trillion dollars of taxpayer money, a few investment bankers went down the tubes as sacrificial lambs, and we will go through a series of years with high inflation down the road.

Oh and as a side benefit the government now has more direct control of many private industries then it has in the history of the USA… that is just a perk though.

Done.

[SD Realtor]

cv2 – Patientrenter just knocked it out of the park. That post nailed it in 2 lines. As sdr said as well, in the grand scheme of things all the government needs is time. Hey this entire mess will eventually all be cleaned up a few years down the road right. All it took was several trillion dollars of taxpayer money, a few investment bankers went down the tubes as sacrificial lambs, and we will go through a series of years with high inflation down the road.

Oh and as a side benefit the government now has more direct control of many private industries then it has in the history of the USA… that is just a perk though.

Done.

[SD Realtor]

uco post the address of the home and I can tell you what has gone on with it. Also just because it is 30% off from peak doesn’t mean it is priced well. Also how does it show, have you been inside it and have you also compared it to other homes in the area for sale. Finally, the market may not seem on fire to you but have you put any offers in on any homes? How serious are you of a buyer.

Again, for those sitting in front of a tube, the imagery is only that. Nothing but pictures on a screen. For those that have been out walking through homes, and asking the agent to write up offers, it is a reality that is quite ugly right now.

Also don’t confuse price or how far down a place is with a hot market. What I mean by a hot market is that there is alot of activity. That homes that are priced well and show well are going fast, now in fact very fast. That many and even most short sales you see on the computer that may have market times of 60 or 160 days do so only because the bank is processing offers, not because there are no offers. That inventory for many submarkets is quite poor compared to the same period in years past for that submarket.

[SD Realtor]

uco post the address of the home and I can tell you what has gone on with it. Also just because it is 30% off from peak doesn’t mean it is priced well. Also how does it show, have you been inside it and have you also compared it to other homes in the area for sale. Finally, the market may not seem on fire to you but have you put any offers in on any homes? How serious are you of a buyer.

Again, for those sitting in front of a tube, the imagery is only that. Nothing but pictures on a screen. For those that have been out walking through homes, and asking the agent to write up offers, it is a reality that is quite ugly right now.

Also don’t confuse price or how far down a place is with a hot market. What I mean by a hot market is that there is alot of activity. That homes that are priced well and show well are going fast, now in fact very fast. That many and even most short sales you see on the computer that may have market times of 60 or 160 days do so only because the bank is processing offers, not because there are no offers. That inventory for many submarkets is quite poor compared to the same period in years past for that submarket.

[SD Realtor]

uco post the address of the home and I can tell you what has gone on with it. Also just because it is 30% off from peak doesn’t mean it is priced well. Also how does it show, have you been inside it and have you also compared it to other homes in the area for sale. Finally, the market may not seem on fire to you but have you put any offers in on any homes? How serious are you of a buyer.

Again, for those sitting in front of a tube, the imagery is only that. Nothing but pictures on a screen. For those that have been out walking through homes, and asking the agent to write up offers, it is a reality that is quite ugly right now.

Also don’t confuse price or how far down a place is with a hot market. What I mean by a hot market is that there is alot of activity. That homes that are priced well and show well are going fast, now in fact very fast. That many and even most short sales you see on the computer that may have market times of 60 or 160 days do so only because the bank is processing offers, not because there are no offers. That inventory for many submarkets is quite poor compared to the same period in years past for that submarket.

[SD Realtor]

uco post the address of the home and I can tell you what has gone on with it. Also just because it is 30% off from peak doesn’t mean it is priced well. Also how does it show, have you been inside it and have you also compared it to other homes in the area for sale. Finally, the market may not seem on fire to you but have you put any offers in on any homes? How serious are you of a buyer.

Again, for those sitting in front of a tube, the imagery is only that. Nothing but pictures on a screen. For those that have been out walking through homes, and asking the agent to write up offers, it is a reality that is quite ugly right now.

Also don’t confuse price or how far down a place is with a hot market. What I mean by a hot market is that there is alot of activity. That homes that are priced well and show well are going fast, now in fact very fast. That many and even most short sales you see on the computer that may have market times of 60 or 160 days do so only because the bank is processing offers, not because there are no offers. That inventory for many submarkets is quite poor compared to the same period in years past for that submarket.

[SD Realtor]

uco post the address of the home and I can tell you what has gone on with it. Also just because it is 30% off from peak doesn’t mean it is priced well. Also how does it show, have you been inside it and have you also compared it to other homes in the area for sale. Finally, the market may not seem on fire to you but have you put any offers in on any homes? How serious are you of a buyer.

Again, for those sitting in front of a tube, the imagery is only that. Nothing but pictures on a screen. For those that have been out walking through homes, and asking the agent to write up offers, it is a reality that is quite ugly right now.

Also don’t confuse price or how far down a place is with a hot market. What I mean by a hot market is that there is alot of activity. That homes that are priced well and show well are going fast, now in fact very fast. That many and even most short sales you see on the computer that may have market times of 60 or 160 days do so only because the bank is processing offers, not because there are no offers. That inventory for many submarkets is quite poor compared to the same period in years past for that submarket.

[jpinpb]

[quote=patientrenter]I won’t attempt to steal SDR’s thunder, but I think PPIP is a taste of what’s to come. If banks can’t sell REOs at inflated prices on the open market, then govt subsidies will be created to allow them to sell to some investors at inflated prices. It’s the PPIP model for MBSs translated to REOs.[/quote]

Forgive my lack of knowledge here. The PPIP needs to do something w/the properties, wouldn’t they? Are they going to rent them all? If they attempt to sell and can’t get an inflated price, they can sell for less, b/c aren’t the taxpayers footing the bill if they have a loss?

I thought the PPIP also has little skin in the game. Aren’t we just pretty much still just playing hot potato. Tag! the PPIP are it and not the banks. Now they get to deal w/it and if they make money, cool. If not, the taxpayers got you covered.

And in this market, w/tightening credit still in effect, they might be a little challenged selling high. They may have to take a loss, b/c it won’t really be a loss b/c aren’t they covered?

Maybe I have it all wrong. It’s a little complicated for me to understand it all. Trying to make sense of it.

[jpinpb]

[quote=patientrenter]I won’t attempt to steal SDR’s thunder, but I think PPIP is a taste of what’s to come. If banks can’t sell REOs at inflated prices on the open market, then govt subsidies will be created to allow them to sell to some investors at inflated prices. It’s the PPIP model for MBSs translated to REOs.[/quote]

Forgive my lack of knowledge here. The PPIP needs to do something w/the properties, wouldn’t they? Are they going to rent them all? If they attempt to sell and can’t get an inflated price, they can sell for less, b/c aren’t the taxpayers footing the bill if they have a loss?

I thought the PPIP also has little skin in the game. Aren’t we just pretty much still just playing hot potato. Tag! the PPIP are it and not the banks. Now they get to deal w/it and if they make money, cool. If not, the taxpayers got you covered.

And in this market, w/tightening credit still in effect, they might be a little challenged selling high. They may have to take a loss, b/c it won’t really be a loss b/c aren’t they covered?

Maybe I have it all wrong. It’s a little complicated for me to understand it all. Trying to make sense of it.

[jpinpb]

[quote=patientrenter]I won’t attempt to steal SDR’s thunder, but I think PPIP is a taste of what’s to come. If banks can’t sell REOs at inflated prices on the open market, then govt subsidies will be created to allow them to sell to some investors at inflated prices. It’s the PPIP model for MBSs translated to REOs.[/quote]

Forgive my lack of knowledge here. The PPIP needs to do something w/the properties, wouldn’t they? Are they going to rent them all? If they attempt to sell and can’t get an inflated price, they can sell for less, b/c aren’t the taxpayers footing the bill if they have a loss?

I thought the PPIP also has little skin in the game. Aren’t we just pretty much still just playing hot potato. Tag! the PPIP are it and not the banks. Now they get to deal w/it and if they make money, cool. If not, the taxpayers got you covered.

And in this market, w/tightening credit still in effect, they might be a little challenged selling high. They may have to take a loss, b/c it won’t really be a loss b/c aren’t they covered?

Maybe I have it all wrong. It’s a little complicated for me to understand it all. Trying to make sense of it.

[jpinpb]

[quote=patientrenter]I won’t attempt to steal SDR’s thunder, but I think PPIP is a taste of what’s to come. If banks can’t sell REOs at inflated prices on the open market, then govt subsidies will be created to allow them to sell to some investors at inflated prices. It’s the PPIP model for MBSs translated to REOs.[/quote]

Forgive my lack of knowledge here. The PPIP needs to do something w/the properties, wouldn’t they? Are they going to rent them all? If they attempt to sell and can’t get an inflated price, they can sell for less, b/c aren’t the taxpayers footing the bill if they have a loss?

I thought the PPIP also has little skin in the game. Aren’t we just pretty much still just playing hot potato. Tag! the PPIP are it and not the banks. Now they get to deal w/it and if they make money, cool. If not, the taxpayers got you covered.

And in this market, w/tightening credit still in effect, they might be a little challenged selling high. They may have to take a loss, b/c it won’t really be a loss b/c aren’t they covered?

Maybe I have it all wrong. It’s a little complicated for me to understand it all. Trying to make sense of it.

[Author]

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