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May 30, 2008 at 9:49 PM #214673May 30, 2008 at 11:28 PM #214555
an
ParticipantNew_Renter, as you pointed out, 30 are detached and 54 are attached. There are 200 houses for sale right now and 73 condos. So, if all the distress houses are on the market right now, that’s only 15% of total SFR inventory. While, it’s 74% of the condo’s inventory. Hence the price strength differences. I don’t know if 15% is big or small, maybe a historical data might able to give a clearer picture.
May 30, 2008 at 11:28 PM #214632ParticipantNew_Renter, as you pointed out, 30 are detached and 54 are attached. There are 200 houses for sale right now and 73 condos. So, if all the distress houses are on the market right now, that’s only 15% of total SFR inventory. While, it’s 74% of the condo’s inventory. Hence the price strength differences. I don’t know if 15% is big or small, maybe a historical data might able to give a clearer picture.
May 30, 2008 at 11:28 PM #214656ParticipantNew_Renter, as you pointed out, 30 are detached and 54 are attached. There are 200 houses for sale right now and 73 condos. So, if all the distress houses are on the market right now, that’s only 15% of total SFR inventory. While, it’s 74% of the condo’s inventory. Hence the price strength differences. I don’t know if 15% is big or small, maybe a historical data might able to give a clearer picture.
May 30, 2008 at 11:28 PM #214682ParticipantNew_Renter, as you pointed out, 30 are detached and 54 are attached. There are 200 houses for sale right now and 73 condos. So, if all the distress houses are on the market right now, that’s only 15% of total SFR inventory. While, it’s 74% of the condo’s inventory. Hence the price strength differences. I don’t know if 15% is big or small, maybe a historical data might able to give a clearer picture.
May 30, 2008 at 11:28 PM #214714ParticipantNew_Renter, as you pointed out, 30 are detached and 54 are attached. There are 200 houses for sale right now and 73 condos. So, if all the distress houses are on the market right now, that’s only 15% of total SFR inventory. While, it’s 74% of the condo’s inventory. Hence the price strength differences. I don’t know if 15% is big or small, maybe a historical data might able to give a clearer picture.
May 31, 2008 at 12:04 AM #214570sdrealtor
ParticipantSorry I dont read his blog. In the tax records I couldnt find 30 detached properties in default. I specifically addressed dettached properties as condos in CV are an entirely different market.
I’m not saying it isnt coming but its not here yet. As for OCR’s claim of late tax payments, I’ve seen homes with 5 years of tax payments in arrears. Late/unpaid taxes arent the same thing as an NOD. The fuse on then is much longer longer and alot can happen in a few years vs. a few months.
May 31, 2008 at 12:04 AM #214648ParticipantSorry I dont read his blog. In the tax records I couldnt find 30 detached properties in default. I specifically addressed dettached properties as condos in CV are an entirely different market.
I’m not saying it isnt coming but its not here yet. As for OCR’s claim of late tax payments, I’ve seen homes with 5 years of tax payments in arrears. Late/unpaid taxes arent the same thing as an NOD. The fuse on then is much longer longer and alot can happen in a few years vs. a few months.
May 31, 2008 at 12:04 AM #214671ParticipantSorry I dont read his blog. In the tax records I couldnt find 30 detached properties in default. I specifically addressed dettached properties as condos in CV are an entirely different market.
I’m not saying it isnt coming but its not here yet. As for OCR’s claim of late tax payments, I’ve seen homes with 5 years of tax payments in arrears. Late/unpaid taxes arent the same thing as an NOD. The fuse on then is much longer longer and alot can happen in a few years vs. a few months.
May 31, 2008 at 12:04 AM #214697ParticipantSorry I dont read his blog. In the tax records I couldnt find 30 detached properties in default. I specifically addressed dettached properties as condos in CV are an entirely different market.
I’m not saying it isnt coming but its not here yet. As for OCR’s claim of late tax payments, I’ve seen homes with 5 years of tax payments in arrears. Late/unpaid taxes arent the same thing as an NOD. The fuse on then is much longer longer and alot can happen in a few years vs. a few months.
May 31, 2008 at 12:04 AM #214729ParticipantSorry I dont read his blog. In the tax records I couldnt find 30 detached properties in default. I specifically addressed dettached properties as condos in CV are an entirely different market.
I’m not saying it isnt coming but its not here yet. As for OCR’s claim of late tax payments, I’ve seen homes with 5 years of tax payments in arrears. Late/unpaid taxes arent the same thing as an NOD. The fuse on then is much longer longer and alot can happen in a few years vs. a few months.
May 31, 2008 at 10:16 AM #214640New_Renter
Participantsdrealtor: ForeclosureRadar.com is the best source I have found for NOD/NOT’s (recommend it over Foreclosure.com for it’s better u/i). Jim the Realtor easily found them as well, so I’m not sure why you are having trouble. It is clearly highly accurate, as you can see the full public record (i.e. names, loan amts…everything)
Sorry asianautica, but this is beyond what has ever been seen in CV, and the difference recently is that the NOD’s are in “PRIME” developments. Currently there are active NOD’s in: Meadows Del Mar, Private Collection, Promontory, Vista Santa Barabara, Santa Barbara, Monte Claire, Triple Crown, Steeplechase, Collins Ranch, Santa Rosa, among others. All scheduled for future auction on the courthouse steps. Now, not all of these will actually be foreclosed on, but a high percentage will. I could throw the addresses of these properties up here right now, but if your really curious, get a trial to ForeclosureRadar and see for yourself. It is easy to do.
I am really tired of the “but, but, but” (i.e. but, but 54 are attached, but, but there were strong Pendings last month, but, but CV is great….). Be clear, I’m not cheerleading what is happening, I’m simply telling it like it is. I’m tired of the sugar-coating, I’m tired of the Realtor industry gloming onto a single positive stat and then cheerleading and grandstanding it to death without informing people of the big picture. I’m tired of the RE industry pulling the wool over everyone’s eyes.
For the record: I do agree with sdrealtor and SD Realtor that buying right now is a purely personal decision and that there are ALWAYS going to be people deciding to pull the trigger for a myriad of reasons, no matter the market conditions and how poor the outlook. It’s emotional. You can’t argue that, but while a personal decision to buy now may be the right decision for an individual, it doesn’t mean it was a smart decision financially, or free from significant risk.
May 31, 2008 at 10:16 AM #214717Participantsdrealtor: ForeclosureRadar.com is the best source I have found for NOD/NOT’s (recommend it over Foreclosure.com for it’s better u/i). Jim the Realtor easily found them as well, so I’m not sure why you are having trouble. It is clearly highly accurate, as you can see the full public record (i.e. names, loan amts…everything)
Sorry asianautica, but this is beyond what has ever been seen in CV, and the difference recently is that the NOD’s are in “PRIME” developments. Currently there are active NOD’s in: Meadows Del Mar, Private Collection, Promontory, Vista Santa Barabara, Santa Barbara, Monte Claire, Triple Crown, Steeplechase, Collins Ranch, Santa Rosa, among others. All scheduled for future auction on the courthouse steps. Now, not all of these will actually be foreclosed on, but a high percentage will. I could throw the addresses of these properties up here right now, but if your really curious, get a trial to ForeclosureRadar and see for yourself. It is easy to do.
I am really tired of the “but, but, but” (i.e. but, but 54 are attached, but, but there were strong Pendings last month, but, but CV is great….). Be clear, I’m not cheerleading what is happening, I’m simply telling it like it is. I’m tired of the sugar-coating, I’m tired of the Realtor industry gloming onto a single positive stat and then cheerleading and grandstanding it to death without informing people of the big picture. I’m tired of the RE industry pulling the wool over everyone’s eyes.
For the record: I do agree with sdrealtor and SD Realtor that buying right now is a purely personal decision and that there are ALWAYS going to be people deciding to pull the trigger for a myriad of reasons, no matter the market conditions and how poor the outlook. It’s emotional. You can’t argue that, but while a personal decision to buy now may be the right decision for an individual, it doesn’t mean it was a smart decision financially, or free from significant risk.
May 31, 2008 at 10:16 AM #214741Participantsdrealtor: ForeclosureRadar.com is the best source I have found for NOD/NOT’s (recommend it over Foreclosure.com for it’s better u/i). Jim the Realtor easily found them as well, so I’m not sure why you are having trouble. It is clearly highly accurate, as you can see the full public record (i.e. names, loan amts…everything)
Sorry asianautica, but this is beyond what has ever been seen in CV, and the difference recently is that the NOD’s are in “PRIME” developments. Currently there are active NOD’s in: Meadows Del Mar, Private Collection, Promontory, Vista Santa Barabara, Santa Barbara, Monte Claire, Triple Crown, Steeplechase, Collins Ranch, Santa Rosa, among others. All scheduled for future auction on the courthouse steps. Now, not all of these will actually be foreclosed on, but a high percentage will. I could throw the addresses of these properties up here right now, but if your really curious, get a trial to ForeclosureRadar and see for yourself. It is easy to do.
I am really tired of the “but, but, but” (i.e. but, but 54 are attached, but, but there were strong Pendings last month, but, but CV is great….). Be clear, I’m not cheerleading what is happening, I’m simply telling it like it is. I’m tired of the sugar-coating, I’m tired of the Realtor industry gloming onto a single positive stat and then cheerleading and grandstanding it to death without informing people of the big picture. I’m tired of the RE industry pulling the wool over everyone’s eyes.
For the record: I do agree with sdrealtor and SD Realtor that buying right now is a purely personal decision and that there are ALWAYS going to be people deciding to pull the trigger for a myriad of reasons, no matter the market conditions and how poor the outlook. It’s emotional. You can’t argue that, but while a personal decision to buy now may be the right decision for an individual, it doesn’t mean it was a smart decision financially, or free from significant risk.
May 31, 2008 at 10:16 AM #214767Participantsdrealtor: ForeclosureRadar.com is the best source I have found for NOD/NOT’s (recommend it over Foreclosure.com for it’s better u/i). Jim the Realtor easily found them as well, so I’m not sure why you are having trouble. It is clearly highly accurate, as you can see the full public record (i.e. names, loan amts…everything)
Sorry asianautica, but this is beyond what has ever been seen in CV, and the difference recently is that the NOD’s are in “PRIME” developments. Currently there are active NOD’s in: Meadows Del Mar, Private Collection, Promontory, Vista Santa Barabara, Santa Barbara, Monte Claire, Triple Crown, Steeplechase, Collins Ranch, Santa Rosa, among others. All scheduled for future auction on the courthouse steps. Now, not all of these will actually be foreclosed on, but a high percentage will. I could throw the addresses of these properties up here right now, but if your really curious, get a trial to ForeclosureRadar and see for yourself. It is easy to do.
I am really tired of the “but, but, but” (i.e. but, but 54 are attached, but, but there were strong Pendings last month, but, but CV is great….). Be clear, I’m not cheerleading what is happening, I’m simply telling it like it is. I’m tired of the sugar-coating, I’m tired of the Realtor industry gloming onto a single positive stat and then cheerleading and grandstanding it to death without informing people of the big picture. I’m tired of the RE industry pulling the wool over everyone’s eyes.
For the record: I do agree with sdrealtor and SD Realtor that buying right now is a purely personal decision and that there are ALWAYS going to be people deciding to pull the trigger for a myriad of reasons, no matter the market conditions and how poor the outlook. It’s emotional. You can’t argue that, but while a personal decision to buy now may be the right decision for an individual, it doesn’t mean it was a smart decision financially, or free from significant risk.
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