Odd Markets

[sdrealtor]

Its very sporadic as most things I see in NCC are 15 to 20% below peak pricing (which was between March 2004 and late 2005 in NCC). I’m sure there are some things selling above 2006 prices but would be interested to see the properties as they may be circumstance specific and not the norm.

I believe this can go and will go on for years, so the question is how can you find a way to win under these rules?

[Nor-LA-SD-guy]

Definitely in some uncharted waters here,

This should be interesting how it plays out, how long can the banks hold off foreclosing on these defaulters ??

How many more will see this as a good strategy (the defaulting) ??

I was down in OC last weekend , there is very little inventory out there, the banks just are not releasing very much at all, and the short sale seems the way they are going now.

The few organic listings are just crazy (way above 2006 even).

My guess is they are trying to hold off until the economy turns up convincingly,

I would also guess they can do that.

And yea the one thing the fed just has not figured out yet, is how to get you a raise, so I would not count on a lot of inflation (or a raise) unless you just happen to be in gov or under gov contract .

[Nor-LA-SD-guy]

Definitely in some uncharted waters here,

This should be interesting how it plays out, how long can the banks hold off foreclosing on these defaulters ??

How many more will see this as a good strategy (the defaulting) ??

I was down in OC last weekend , there is very little inventory out there, the banks just are not releasing very much at all, and the short sale seems the way they are going now.

The few organic listings are just crazy (way above 2006 even).

My guess is they are trying to hold off until the economy turns up convincingly,

I would also guess they can do that.

And yea the one thing the fed just has not figured out yet, is how to get you a raise, so I would not count on a lot of inflation (or a raise) unless you just happen to be in gov or under gov contract .

[Nor-LA-SD-guy]

Definitely in some uncharted waters here,

This should be interesting how it plays out, how long can the banks hold off foreclosing on these defaulters ??

How many more will see this as a good strategy (the defaulting) ??

I was down in OC last weekend , there is very little inventory out there, the banks just are not releasing very much at all, and the short sale seems the way they are going now.

The few organic listings are just crazy (way above 2006 even).

My guess is they are trying to hold off until the economy turns up convincingly,

I would also guess they can do that.

And yea the one thing the fed just has not figured out yet, is how to get you a raise, so I would not count on a lot of inflation (or a raise) unless you just happen to be in gov or under gov contract .

[Nor-LA-SD-guy]

Definitely in some uncharted waters here,

This should be interesting how it plays out, how long can the banks hold off foreclosing on these defaulters ??

How many more will see this as a good strategy (the defaulting) ??

I was down in OC last weekend , there is very little inventory out there, the banks just are not releasing very much at all, and the short sale seems the way they are going now.

The few organic listings are just crazy (way above 2006 even).

My guess is they are trying to hold off until the economy turns up convincingly,

I would also guess they can do that.

And yea the one thing the fed just has not figured out yet, is how to get you a raise, so I would not count on a lot of inflation (or a raise) unless you just happen to be in gov or under gov contract .

[Nor-LA-SD-guy]

Definitely in some uncharted waters here,

This should be interesting how it plays out, how long can the banks hold off foreclosing on these defaulters ??

How many more will see this as a good strategy (the defaulting) ??

I was down in OC last weekend , there is very little inventory out there, the banks just are not releasing very much at all, and the short sale seems the way they are going now.

The few organic listings are just crazy (way above 2006 even).

My guess is they are trying to hold off until the economy turns up convincingly,

I would also guess they can do that.

And yea the one thing the fed just has not figured out yet, is how to get you a raise, so I would not count on a lot of inflation (or a raise) unless you just happen to be in gov or under gov contract .

[CA renter]

FWIW, govt workers are seeing, and will be seeing, pay cuts as we move forward.

[CA renter]

FWIW, govt workers are seeing, and will be seeing, pay cuts as we move forward.

[CA renter]

FWIW, govt workers are seeing, and will be seeing, pay cuts as we move forward.

[CA renter]

FWIW, govt workers are seeing, and will be seeing, pay cuts as we move forward.

[CA renter]

FWIW, govt workers are seeing, and will be seeing, pay cuts as we move forward.

[Author]

Posts