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May 30, 2008 at 4:19 PM #214608May 30, 2008 at 4:54 PM #214460
NotCranky
ParticipantAs the late great Chick Hearns, voice of the LA Lakers, would say…”looks like the mustard fell off the hotdog!”
On the other hand there are a lot more than 50 houses in CV. I am not sure late taxes should count for more than .25xNOD distress. Who knows? It ain’t looking good…even in some instances in “Americas Wealthiest zip code”.
May 30, 2008 at 4:54 PM #214539ParticipantAs the late great Chick Hearns, voice of the LA Lakers, would say…”looks like the mustard fell off the hotdog!”
On the other hand there are a lot more than 50 houses in CV. I am not sure late taxes should count for more than .25xNOD distress. Who knows? It ain’t looking good…even in some instances in “Americas Wealthiest zip code”.
May 30, 2008 at 4:54 PM #214561ParticipantAs the late great Chick Hearns, voice of the LA Lakers, would say…”looks like the mustard fell off the hotdog!”
On the other hand there are a lot more than 50 houses in CV. I am not sure late taxes should count for more than .25xNOD distress. Who knows? It ain’t looking good…even in some instances in “Americas Wealthiest zip code”.
May 30, 2008 at 4:54 PM #214588ParticipantAs the late great Chick Hearns, voice of the LA Lakers, would say…”looks like the mustard fell off the hotdog!”
On the other hand there are a lot more than 50 houses in CV. I am not sure late taxes should count for more than .25xNOD distress. Who knows? It ain’t looking good…even in some instances in “Americas Wealthiest zip code”.
May 30, 2008 at 4:54 PM #214617ParticipantAs the late great Chick Hearns, voice of the LA Lakers, would say…”looks like the mustard fell off the hotdog!”
On the other hand there are a lot more than 50 houses in CV. I am not sure late taxes should count for more than .25xNOD distress. Who knows? It ain’t looking good…even in some instances in “Americas Wealthiest zip code”.
May 30, 2008 at 9:10 PM #214505SD Realtor
ParticipantI think CV is following right in the footsteps of 4S Ranch. We saw a trickle of distress sales in 4S in 2006, then they picked up in 07 and continued to gather momentum in 2008. We saw that trickle in CV start last year and continue this year in an ever increasing manner… slow but increasing. It will continue through the next several years. However in my book, even the distress sales are way overpriced. Hopefully in the next few years the pricing will come down substantially but those who think it will happen tomorrow are sadly mistaken in my opinion.
SD Realtor
May 30, 2008 at 9:10 PM #214584ParticipantI think CV is following right in the footsteps of 4S Ranch. We saw a trickle of distress sales in 4S in 2006, then they picked up in 07 and continued to gather momentum in 2008. We saw that trickle in CV start last year and continue this year in an ever increasing manner… slow but increasing. It will continue through the next several years. However in my book, even the distress sales are way overpriced. Hopefully in the next few years the pricing will come down substantially but those who think it will happen tomorrow are sadly mistaken in my opinion.
SD Realtor
May 30, 2008 at 9:10 PM #214606ParticipantI think CV is following right in the footsteps of 4S Ranch. We saw a trickle of distress sales in 4S in 2006, then they picked up in 07 and continued to gather momentum in 2008. We saw that trickle in CV start last year and continue this year in an ever increasing manner… slow but increasing. It will continue through the next several years. However in my book, even the distress sales are way overpriced. Hopefully in the next few years the pricing will come down substantially but those who think it will happen tomorrow are sadly mistaken in my opinion.
SD Realtor
May 30, 2008 at 9:10 PM #214633ParticipantI think CV is following right in the footsteps of 4S Ranch. We saw a trickle of distress sales in 4S in 2006, then they picked up in 07 and continued to gather momentum in 2008. We saw that trickle in CV start last year and continue this year in an ever increasing manner… slow but increasing. It will continue through the next several years. However in my book, even the distress sales are way overpriced. Hopefully in the next few years the pricing will come down substantially but those who think it will happen tomorrow are sadly mistaken in my opinion.
SD Realtor
May 30, 2008 at 9:10 PM #214662ParticipantI think CV is following right in the footsteps of 4S Ranch. We saw a trickle of distress sales in 4S in 2006, then they picked up in 07 and continued to gather momentum in 2008. We saw that trickle in CV start last year and continue this year in an ever increasing manner… slow but increasing. It will continue through the next several years. However in my book, even the distress sales are way overpriced. Hopefully in the next few years the pricing will come down substantially but those who think it will happen tomorrow are sadly mistaken in my opinion.
SD Realtor
May 30, 2008 at 9:49 PM #214515New_Renter
Participantsdrealtor,
It seems you might have missed Jim the Realtor’s recent acticle entitled “How Many Motivated Sellers.” In particular his (and others) follow-on dialogue in the Readers Comments section. See:
http://www.bubbleinfo.com/journal/2008/5/28/how-many-motivated-sellers.html
There are currently 84 properties in default in CV (30 detached, 54 attached). Sorry, but this isn’t pulling out “just a few.” 84 is far from “negligible”. I think it is time to stop “perfuming the pig”, things are getting significantly uglier just beneath the surface.
New_Renter
May 30, 2008 at 9:49 PM #214594Participantsdrealtor,
It seems you might have missed Jim the Realtor’s recent acticle entitled “How Many Motivated Sellers.” In particular his (and others) follow-on dialogue in the Readers Comments section. See:
http://www.bubbleinfo.com/journal/2008/5/28/how-many-motivated-sellers.html
There are currently 84 properties in default in CV (30 detached, 54 attached). Sorry, but this isn’t pulling out “just a few.” 84 is far from “negligible”. I think it is time to stop “perfuming the pig”, things are getting significantly uglier just beneath the surface.
New_Renter
May 30, 2008 at 9:49 PM #214616Participantsdrealtor,
It seems you might have missed Jim the Realtor’s recent acticle entitled “How Many Motivated Sellers.” In particular his (and others) follow-on dialogue in the Readers Comments section. See:
http://www.bubbleinfo.com/journal/2008/5/28/how-many-motivated-sellers.html
There are currently 84 properties in default in CV (30 detached, 54 attached). Sorry, but this isn’t pulling out “just a few.” 84 is far from “negligible”. I think it is time to stop “perfuming the pig”, things are getting significantly uglier just beneath the surface.
New_Renter
May 30, 2008 at 9:49 PM #214644Participantsdrealtor,
It seems you might have missed Jim the Realtor’s recent acticle entitled “How Many Motivated Sellers.” In particular his (and others) follow-on dialogue in the Readers Comments section. See:
http://www.bubbleinfo.com/journal/2008/5/28/how-many-motivated-sellers.html
There are currently 84 properties in default in CV (30 detached, 54 attached). Sorry, but this isn’t pulling out “just a few.” 84 is far from “negligible”. I think it is time to stop “perfuming the pig”, things are getting significantly uglier just beneath the surface.
New_Renter
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