May Shoe Just DROPPED !

[NotCranky]

http://piggington.com/slow_decline_or_is_a_big_chunk_about_to_be_ripped_out

You might want to read this thread or at least the start of it. Right after you quit posting it was started. You get mentioned by the OP.

[NotCranky]

http://piggington.com/slow_decline_or_is_a_big_chunk_about_to_be_ripped_out

You might want to read this thread or at least the start of it. Right after you quit posting it was started. You get mentioned by the OP.

[NotCranky]

http://piggington.com/slow_decline_or_is_a_big_chunk_about_to_be_ripped_out

You might want to read this thread or at least the start of it. Right after you quit posting it was started. You get mentioned by the OP.

[sdrealtor]

Its always fun revisitng old threads. Interestingly enough, while many parts of the county chunked down hard, prices along the coast are still eroding relatively slowly. Isnt fun when we all get to be right.

[sdrealtor]

Its always fun revisitng old threads. Interestingly enough, while many parts of the county chunked down hard, prices along the coast are still eroding relatively slowly. Isnt fun when we all get to be right.

[sdrealtor]

Its always fun revisitng old threads. Interestingly enough, while many parts of the county chunked down hard, prices along the coast are still eroding relatively slowly. Isnt fun when we all get to be right.

[sdrealtor]

Its always fun revisitng old threads. Interestingly enough, while many parts of the county chunked down hard, prices along the coast are still eroding relatively slowly. Isnt fun when we all get to be right.

[sdrealtor]

Its always fun revisitng old threads. Interestingly enough, while many parts of the county chunked down hard, prices along the coast are still eroding relatively slowly. Isnt fun when we all get to be right.

[latesummer2008]

Alt-A is the next big shoe to drop. Then, Prime. Real Estate Food chain is getting eaten from the bottom up. Pretty soon the top will begin bailing as price declines become more evident there too. Then we will have eating from the top and bottom. Classic collapse… Even the head of JP Morgan said “Prime looks terrible” the other day, noting a spike in defaults.

We need to look at trends for the future, not past results. It’s all about foreclosures. I’m afraid we are in unchartered territory.

[latesummer2008]

Alt-A is the next big shoe to drop. Then, Prime. Real Estate Food chain is getting eaten from the bottom up. Pretty soon the top will begin bailing as price declines become more evident there too. Then we will have eating from the top and bottom. Classic collapse… Even the head of JP Morgan said “Prime looks terrible” the other day, noting a spike in defaults.

We need to look at trends for the future, not past results. It’s all about foreclosures. I’m afraid we are in unchartered territory.

[latesummer2008]

Alt-A is the next big shoe to drop. Then, Prime. Real Estate Food chain is getting eaten from the bottom up. Pretty soon the top will begin bailing as price declines become more evident there too. Then we will have eating from the top and bottom. Classic collapse… Even the head of JP Morgan said “Prime looks terrible” the other day, noting a spike in defaults.

We need to look at trends for the future, not past results. It’s all about foreclosures. I’m afraid we are in unchartered territory.

[latesummer2008]

Alt-A is the next big shoe to drop. Then, Prime. Real Estate Food chain is getting eaten from the bottom up. Pretty soon the top will begin bailing as price declines become more evident there too. Then we will have eating from the top and bottom. Classic collapse… Even the head of JP Morgan said “Prime looks terrible” the other day, noting a spike in defaults.

We need to look at trends for the future, not past results. It’s all about foreclosures. I’m afraid we are in unchartered territory.

[latesummer2008]

Alt-A is the next big shoe to drop. Then, Prime. Real Estate Food chain is getting eaten from the bottom up. Pretty soon the top will begin bailing as price declines become more evident there too. Then we will have eating from the top and bottom. Classic collapse… Even the head of JP Morgan said “Prime looks terrible” the other day, noting a spike in defaults.

We need to look at trends for the future, not past results. It’s all about foreclosures. I’m afraid we are in unchartered territory.

[peterb]

Uncharted is right. Both Bruce Norris and Ward Hannigan, two very seasoned RE investors, have commented that this down cycle is unlike the last couple in many ways and far more severe in depth and speed. Foreclosures topped-out at about 700 a month in the 1990’s for SD county. They’re now approaching 2000 a month! And the full brunt of the recession has yet to hit.

[peterb]

Uncharted is right. Both Bruce Norris and Ward Hannigan, two very seasoned RE investors, have commented that this down cycle is unlike the last couple in many ways and far more severe in depth and speed. Foreclosures topped-out at about 700 a month in the 1990’s for SD county. They’re now approaching 2000 a month! And the full brunt of the recession has yet to hit.

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