Pacific Beach Question

[jonnycsd]

Watching the real estate implosion progress I see the following stats for my own ZIP Code, 92109 (homes and condos). Am I reading this right?

Realtytrac.com shows
476 homes in pre-foreclosures (NODs)
119 homes at auction
415 homes owned by the bank
——
1010 “involved” homes total

As best I can determine, about 100 homes a month have been entering this pipeline via 92109 NODs.

According to http://rereport.com/sdccsd/ 92109 has an average of about 25 home sales a month for the last three months, and about 35 a month over the last year. (again, this is SFR and Condos combined)

Figure that at MOST 40% of the NODs are corrected without some type of sale (short, auction or other) then we are currently seeing about 2.5 years of 92109 inventory sitting in the banks’ hands alone. And is it is rapidly growing.

Are the banks really going to try to auction all of this inventory at market clearing prices? Into a market where financing has become extremely difficult? Are there enough “Piggingtons” out there to soak up all this forced supply? I don’t think there are, not even at 50% discounts. Who is going to buy 1,000 Pacific Beach homes at auction in 2008? What happens to the value of collateral that is not in foreclosure if the banks auction off 1000 homes in 92109 during the first half of 2008?

It seems the banks are in the process of shooting themselves in the foot – if not outright amputating their own legs above the kneecap – with a 12 gauge shotgun.

Given these developments it almost makes sense for ANY PERSON who has a recent (say, last 4 years) purchase money mortgage in PB to walk away. There may be some exceptions – like oceanfront, but the rest . . .

What am I missing?

[Doofrat]

I agree that it makes sense to walk away for many people, but a lot of people are hoping beyond hope that the market will pick back up this year or next. Walking away is probably a tough step to take psychologically, so it’s not just a decision based on numbers and logic. You don’t have to drive through many neighborhoods very long before you see a bank owned sign, and this will probably feed on itself as people become desensitized to it and see it as an actual option.
I’m not surprised that the bubble burst, but I’ve got to admit that I’m shocked by how fast it turned around and by how many foreclosures there are out there.

[Doofrat]

I agree that it makes sense to walk away for many people, but a lot of people are hoping beyond hope that the market will pick back up this year or next. Walking away is probably a tough step to take psychologically, so it’s not just a decision based on numbers and logic. You don’t have to drive through many neighborhoods very long before you see a bank owned sign, and this will probably feed on itself as people become desensitized to it and see it as an actual option.
I’m not surprised that the bubble burst, but I’ve got to admit that I’m shocked by how fast it turned around and by how many foreclosures there are out there.

[Doofrat]

I agree that it makes sense to walk away for many people, but a lot of people are hoping beyond hope that the market will pick back up this year or next. Walking away is probably a tough step to take psychologically, so it’s not just a decision based on numbers and logic. You don’t have to drive through many neighborhoods very long before you see a bank owned sign, and this will probably feed on itself as people become desensitized to it and see it as an actual option.
I’m not surprised that the bubble burst, but I’ve got to admit that I’m shocked by how fast it turned around and by how many foreclosures there are out there.

[Doofrat]

I agree that it makes sense to walk away for many people, but a lot of people are hoping beyond hope that the market will pick back up this year or next. Walking away is probably a tough step to take psychologically, so it’s not just a decision based on numbers and logic. You don’t have to drive through many neighborhoods very long before you see a bank owned sign, and this will probably feed on itself as people become desensitized to it and see it as an actual option.
I’m not surprised that the bubble burst, but I’ve got to admit that I’m shocked by how fast it turned around and by how many foreclosures there are out there.

[Doofrat]

I agree that it makes sense to walk away for many people, but a lot of people are hoping beyond hope that the market will pick back up this year or next. Walking away is probably a tough step to take psychologically, so it’s not just a decision based on numbers and logic. You don’t have to drive through many neighborhoods very long before you see a bank owned sign, and this will probably feed on itself as people become desensitized to it and see it as an actual option.
I’m not surprised that the bubble burst, but I’ve got to admit that I’m shocked by how fast it turned around and by how many foreclosures there are out there.

[kewp]

What am I missing?

Two things.

One, panic hasn’t set in yet. Thats probably at least a year away, if not more.

Two, the banks are in a mexican standoff. They are all sitting on their repos instead of dumping them, as once they blow the comps its lowers the value of the rest or their (and everyone elses) properties. At some point you will see what happened in Temecula happen here, a 60-70% off peak sale in a zipcode and then all hell breaks loose.

There are plenty of investors and buyers waiting in the wings to purchase SD RE at firesale prices, but they aren’t going to move until there is a clear bottom. I read recently that there are hedge funds itching to invest in distressed assets; so the quicker prices correct the better.

[jonnycsd]

A Mexican stand off – that makes sense and would explain why there is so much REO in 92109. From the other postings it looks like the exact dynamic you propose has now started in Mira Mesa:

http://piggington.com/1st_2001_price_in_mira_mesa

Any view regarding the tipping point allowing the first major off-peak sale to occur? What causes the REO manager at a bank to green light such a sale? What causes them to wait and let it build? Seems to be major first mover advantage if you know that sooner or later someone is going to acquiesce.

[kewp]

I have no idea. It may just be lag; foreclosures typically take 6-8 months before they hit the auction block. With the historically high default rate this will probably get worse.

[kewp]

I have no idea. It may just be lag; foreclosures typically take 6-8 months before they hit the auction block. With the historically high default rate this will probably get worse.

[kewp]

I have no idea. It may just be lag; foreclosures typically take 6-8 months before they hit the auction block. With the historically high default rate this will probably get worse.

[kewp]

I have no idea. It may just be lag; foreclosures typically take 6-8 months before they hit the auction block. With the historically high default rate this will probably get worse.

[kewp]

I have no idea. It may just be lag; foreclosures typically take 6-8 months before they hit the auction block. With the historically high default rate this will probably get worse.

[SD Realtor]

I would say this guys… the more you anticipate steep price drops the longer they will appear to take. I have two different price shoppers in Mira Mesa and one of them is very astute. Together we have witnessed first hand the effect of the lowest priced REO sales going into pending status very quickly. The most successful REOs have been those that have been priced aggressively and found a demand which has been not altogether surprising to me. What is good is that in the long run these will all form the new comps for homes that hit the market a few months from now. The bad thing is that both my Mira Mesa clients will need to remain patient for the price range they are shopping in.

As for PB I think that it will lose footing but it will take awhile. The seeds of denial are sown deep in PB. Also I would not take much stock in Realtytrac. One of the problems is that NODs and NOTs that are cured never seem to be reported by Realtytrac for a LONG time. Also short sales that are NODs and have offers on them that are into the lender already are not considered either.

Don’t mistake this post for insinuating that PB is a sanctuary to the depreciation cycle because it is not. It will just take awhile.

SD Realtor

[jpinpb]

I would only say that people are still buying in PB but I don’t think PB is immune and eventually the prices will decline there as well. As SDR said it will just take a little longer to hit the coast.

[jpinpb]

I would only say that people are still buying in PB but I don’t think PB is immune and eventually the prices will decline there as well. As SDR said it will just take a little longer to hit the coast.

[jpinpb]

I would only say that people are still buying in PB but I don’t think PB is immune and eventually the prices will decline there as well. As SDR said it will just take a little longer to hit the coast.

[jpinpb]

I would only say that people are still buying in PB but I don’t think PB is immune and eventually the prices will decline there as well. As SDR said it will just take a little longer to hit the coast.

[jpinpb]

I would only say that people are still buying in PB but I don’t think PB is immune and eventually the prices will decline there as well. As SDR said it will just take a little longer to hit the coast.

[jonnycsd]

Thanks SD Realtor. It looks like you are spot on regarding the suspect nature of Realtytrac.com’s numbers. I just got my first “Foreclosure Property Alert” from them. That email has VERY different numbers for 92109 that the website does:

78 Foreclosure
24 Auction
93 REO

Still quite high compared to the number of sales, but not nearly as overwhelming as the numbers showing on the website.

Does any one have a better source for foreclosure data?

[jpinpb]

Why would these realtors not list this in the MLS, but on craigslist and put a sign out in front. Do they want to sell it or keep it a secret?

http://sandiego.craigslist.org/csd/rfs/610585926.html

[SD Realtor]

An interesting but simple answer. Many homes that are REO these days have a sign put out front and quasi-marketted before the lender has priced it. I know that sounds odd but it is pretty much the norm. For instance, the Carmel Valley home on Mesa Norte had a sign in front and was actually available for showings PRIOR to being put on the MLS because the price had not been set yet. This drums up interest for the home. In fact if you call Marlena (the realtor who posted the craigslist ad) you can ask her to see what she says. If there is a price already set I believe you will see the home on the MLS shortly. You actually need to send in a waiver to SDAR if you take a listing but do not market it on the MLS. Anyways this is more of the norm with REOs.

SD Realtor

[SD Realtor]

An interesting but simple answer. Many homes that are REO these days have a sign put out front and quasi-marketted before the lender has priced it. I know that sounds odd but it is pretty much the norm. For instance, the Carmel Valley home on Mesa Norte had a sign in front and was actually available for showings PRIOR to being put on the MLS because the price had not been set yet. This drums up interest for the home. In fact if you call Marlena (the realtor who posted the craigslist ad) you can ask her to see what she says. If there is a price already set I believe you will see the home on the MLS shortly. You actually need to send in a waiver to SDAR if you take a listing but do not market it on the MLS. Anyways this is more of the norm with REOs.

SD Realtor

[SD Realtor]

An interesting but simple answer. Many homes that are REO these days have a sign put out front and quasi-marketted before the lender has priced it. I know that sounds odd but it is pretty much the norm. For instance, the Carmel Valley home on Mesa Norte had a sign in front and was actually available for showings PRIOR to being put on the MLS because the price had not been set yet. This drums up interest for the home. In fact if you call Marlena (the realtor who posted the craigslist ad) you can ask her to see what she says. If there is a price already set I believe you will see the home on the MLS shortly. You actually need to send in a waiver to SDAR if you take a listing but do not market it on the MLS. Anyways this is more of the norm with REOs.

SD Realtor

[SD Realtor]

An interesting but simple answer. Many homes that are REO these days have a sign put out front and quasi-marketted before the lender has priced it. I know that sounds odd but it is pretty much the norm. For instance, the Carmel Valley home on Mesa Norte had a sign in front and was actually available for showings PRIOR to being put on the MLS because the price had not been set yet. This drums up interest for the home. In fact if you call Marlena (the realtor who posted the craigslist ad) you can ask her to see what she says. If there is a price already set I believe you will see the home on the MLS shortly. You actually need to send in a waiver to SDAR if you take a listing but do not market it on the MLS. Anyways this is more of the norm with REOs.

SD Realtor

[SD Realtor]

An interesting but simple answer. Many homes that are REO these days have a sign put out front and quasi-marketted before the lender has priced it. I know that sounds odd but it is pretty much the norm. For instance, the Carmel Valley home on Mesa Norte had a sign in front and was actually available for showings PRIOR to being put on the MLS because the price had not been set yet. This drums up interest for the home. In fact if you call Marlena (the realtor who posted the craigslist ad) you can ask her to see what she says. If there is a price already set I believe you will see the home on the MLS shortly. You actually need to send in a waiver to SDAR if you take a listing but do not market it on the MLS. Anyways this is more of the norm with REOs.

SD Realtor

[jpinpb]

Why would these realtors not list this in the MLS, but on craigslist and put a sign out in front. Do they want to sell it or keep it a secret?

http://sandiego.craigslist.org/csd/rfs/610585926.html

[jpinpb]

Why would these realtors not list this in the MLS, but on craigslist and put a sign out in front. Do they want to sell it or keep it a secret?

http://sandiego.craigslist.org/csd/rfs/610585926.html

[jpinpb]

Why would these realtors not list this in the MLS, but on craigslist and put a sign out in front. Do they want to sell it or keep it a secret?

http://sandiego.craigslist.org/csd/rfs/610585926.html

[jpinpb]

Why would these realtors not list this in the MLS, but on craigslist and put a sign out in front. Do they want to sell it or keep it a secret?

http://sandiego.craigslist.org/csd/rfs/610585926.html

[jonnycsd]

Thanks SD Realtor. It looks like you are spot on regarding the suspect nature of Realtytrac.com’s numbers. I just got my first “Foreclosure Property Alert” from them. That email has VERY different numbers for 92109 that the website does:

78 Foreclosure
24 Auction
93 REO

Still quite high compared to the number of sales, but not nearly as overwhelming as the numbers showing on the website.

Does any one have a better source for foreclosure data?

[jonnycsd]

Thanks SD Realtor. It looks like you are spot on regarding the suspect nature of Realtytrac.com’s numbers. I just got my first “Foreclosure Property Alert” from them. That email has VERY different numbers for 92109 that the website does:

78 Foreclosure
24 Auction
93 REO

Still quite high compared to the number of sales, but not nearly as overwhelming as the numbers showing on the website.

Does any one have a better source for foreclosure data?

[jonnycsd]

Thanks SD Realtor. It looks like you are spot on regarding the suspect nature of Realtytrac.com’s numbers. I just got my first “Foreclosure Property Alert” from them. That email has VERY different numbers for 92109 that the website does:

78 Foreclosure
24 Auction
93 REO

Still quite high compared to the number of sales, but not nearly as overwhelming as the numbers showing on the website.

Does any one have a better source for foreclosure data?

[jonnycsd]

Thanks SD Realtor. It looks like you are spot on regarding the suspect nature of Realtytrac.com’s numbers. I just got my first “Foreclosure Property Alert” from them. That email has VERY different numbers for 92109 that the website does:

78 Foreclosure
24 Auction
93 REO

Still quite high compared to the number of sales, but not nearly as overwhelming as the numbers showing on the website.

Does any one have a better source for foreclosure data?

[SD Realtor]

I would say this guys… the more you anticipate steep price drops the longer they will appear to take. I have two different price shoppers in Mira Mesa and one of them is very astute. Together we have witnessed first hand the effect of the lowest priced REO sales going into pending status very quickly. The most successful REOs have been those that have been priced aggressively and found a demand which has been not altogether surprising to me. What is good is that in the long run these will all form the new comps for homes that hit the market a few months from now. The bad thing is that both my Mira Mesa clients will need to remain patient for the price range they are shopping in.

As for PB I think that it will lose footing but it will take awhile. The seeds of denial are sown deep in PB. Also I would not take much stock in Realtytrac. One of the problems is that NODs and NOTs that are cured never seem to be reported by Realtytrac for a LONG time. Also short sales that are NODs and have offers on them that are into the lender already are not considered either.

Don’t mistake this post for insinuating that PB is a sanctuary to the depreciation cycle because it is not. It will just take awhile.

SD Realtor

[SD Realtor]

I would say this guys… the more you anticipate steep price drops the longer they will appear to take. I have two different price shoppers in Mira Mesa and one of them is very astute. Together we have witnessed first hand the effect of the lowest priced REO sales going into pending status very quickly. The most successful REOs have been those that have been priced aggressively and found a demand which has been not altogether surprising to me. What is good is that in the long run these will all form the new comps for homes that hit the market a few months from now. The bad thing is that both my Mira Mesa clients will need to remain patient for the price range they are shopping in.

As for PB I think that it will lose footing but it will take awhile. The seeds of denial are sown deep in PB. Also I would not take much stock in Realtytrac. One of the problems is that NODs and NOTs that are cured never seem to be reported by Realtytrac for a LONG time. Also short sales that are NODs and have offers on them that are into the lender already are not considered either.

Don’t mistake this post for insinuating that PB is a sanctuary to the depreciation cycle because it is not. It will just take awhile.

SD Realtor

[SD Realtor]

I would say this guys… the more you anticipate steep price drops the longer they will appear to take. I have two different price shoppers in Mira Mesa and one of them is very astute. Together we have witnessed first hand the effect of the lowest priced REO sales going into pending status very quickly. The most successful REOs have been those that have been priced aggressively and found a demand which has been not altogether surprising to me. What is good is that in the long run these will all form the new comps for homes that hit the market a few months from now. The bad thing is that both my Mira Mesa clients will need to remain patient for the price range they are shopping in.

As for PB I think that it will lose footing but it will take awhile. The seeds of denial are sown deep in PB. Also I would not take much stock in Realtytrac. One of the problems is that NODs and NOTs that are cured never seem to be reported by Realtytrac for a LONG time. Also short sales that are NODs and have offers on them that are into the lender already are not considered either.

Don’t mistake this post for insinuating that PB is a sanctuary to the depreciation cycle because it is not. It will just take awhile.

SD Realtor

[SD Realtor]

I would say this guys… the more you anticipate steep price drops the longer they will appear to take. I have two different price shoppers in Mira Mesa and one of them is very astute. Together we have witnessed first hand the effect of the lowest priced REO sales going into pending status very quickly. The most successful REOs have been those that have been priced aggressively and found a demand which has been not altogether surprising to me. What is good is that in the long run these will all form the new comps for homes that hit the market a few months from now. The bad thing is that both my Mira Mesa clients will need to remain patient for the price range they are shopping in.

As for PB I think that it will lose footing but it will take awhile. The seeds of denial are sown deep in PB. Also I would not take much stock in Realtytrac. One of the problems is that NODs and NOTs that are cured never seem to be reported by Realtytrac for a LONG time. Also short sales that are NODs and have offers on them that are into the lender already are not considered either.

Don’t mistake this post for insinuating that PB is a sanctuary to the depreciation cycle because it is not. It will just take awhile.

SD Realtor

[jonnycsd]

A Mexican stand off – that makes sense and would explain why there is so much REO in 92109. From the other postings it looks like the exact dynamic you propose has now started in Mira Mesa:

http://piggington.com/1st_2001_price_in_mira_mesa

Any view regarding the tipping point allowing the first major off-peak sale to occur? What causes the REO manager at a bank to green light such a sale? What causes them to wait and let it build? Seems to be major first mover advantage if you know that sooner or later someone is going to acquiesce.

[jonnycsd]

A Mexican stand off – that makes sense and would explain why there is so much REO in 92109. From the other postings it looks like the exact dynamic you propose has now started in Mira Mesa:

http://piggington.com/1st_2001_price_in_mira_mesa

Any view regarding the tipping point allowing the first major off-peak sale to occur? What causes the REO manager at a bank to green light such a sale? What causes them to wait and let it build? Seems to be major first mover advantage if you know that sooner or later someone is going to acquiesce.

[jonnycsd]

A Mexican stand off – that makes sense and would explain why there is so much REO in 92109. From the other postings it looks like the exact dynamic you propose has now started in Mira Mesa:

http://piggington.com/1st_2001_price_in_mira_mesa

Any view regarding the tipping point allowing the first major off-peak sale to occur? What causes the REO manager at a bank to green light such a sale? What causes them to wait and let it build? Seems to be major first mover advantage if you know that sooner or later someone is going to acquiesce.

[jonnycsd]

A Mexican stand off – that makes sense and would explain why there is so much REO in 92109. From the other postings it looks like the exact dynamic you propose has now started in Mira Mesa:

http://piggington.com/1st_2001_price_in_mira_mesa

Any view regarding the tipping point allowing the first major off-peak sale to occur? What causes the REO manager at a bank to green light such a sale? What causes them to wait and let it build? Seems to be major first mover advantage if you know that sooner or later someone is going to acquiesce.

[kewp]

What am I missing?

Two things.

One, panic hasn’t set in yet. Thats probably at least a year away, if not more.

Two, the banks are in a mexican standoff. They are all sitting on their repos instead of dumping them, as once they blow the comps its lowers the value of the rest or their (and everyone elses) properties. At some point you will see what happened in Temecula happen here, a 60-70% off peak sale in a zipcode and then all hell breaks loose.

There are plenty of investors and buyers waiting in the wings to purchase SD RE at firesale prices, but they aren’t going to move until there is a clear bottom. I read recently that there are hedge funds itching to invest in distressed assets; so the quicker prices correct the better.

[kewp]

What am I missing?

Two things.

One, panic hasn’t set in yet. Thats probably at least a year away, if not more.

Two, the banks are in a mexican standoff. They are all sitting on their repos instead of dumping them, as once they blow the comps its lowers the value of the rest or their (and everyone elses) properties. At some point you will see what happened in Temecula happen here, a 60-70% off peak sale in a zipcode and then all hell breaks loose.

There are plenty of investors and buyers waiting in the wings to purchase SD RE at firesale prices, but they aren’t going to move until there is a clear bottom. I read recently that there are hedge funds itching to invest in distressed assets; so the quicker prices correct the better.

[kewp]

What am I missing?

Two things.

One, panic hasn’t set in yet. Thats probably at least a year away, if not more.

Two, the banks are in a mexican standoff. They are all sitting on their repos instead of dumping them, as once they blow the comps its lowers the value of the rest or their (and everyone elses) properties. At some point you will see what happened in Temecula happen here, a 60-70% off peak sale in a zipcode and then all hell breaks loose.

There are plenty of investors and buyers waiting in the wings to purchase SD RE at firesale prices, but they aren’t going to move until there is a clear bottom. I read recently that there are hedge funds itching to invest in distressed assets; so the quicker prices correct the better.

[kewp]

What am I missing?

Two things.

One, panic hasn’t set in yet. Thats probably at least a year away, if not more.

Two, the banks are in a mexican standoff. They are all sitting on their repos instead of dumping them, as once they blow the comps its lowers the value of the rest or their (and everyone elses) properties. At some point you will see what happened in Temecula happen here, a 60-70% off peak sale in a zipcode and then all hell breaks loose.

There are plenty of investors and buyers waiting in the wings to purchase SD RE at firesale prices, but they aren’t going to move until there is a clear bottom. I read recently that there are hedge funds itching to invest in distressed assets; so the quicker prices correct the better.

[DWCAP]

well jp maybe the fact that even though it is in PB it is only near the Beech, and who cares? I can be near maples, elms, pines, I dont really care. Hell, I can move to the midwest and buy 5 houses near a Beech for less than I would get one here!

[largemammal]

DW-

Keep in mind that “Beech” property is hard to come by. They’re not making any more, right? And there’s nothing more attractive than a “Bank Forecloure” near a “Beech.” Be quick, “don’ miss this opportunity!”

These illiterate ads are so common that if I were an agent, I’d be pretty embarrassed to tell anyone. Like explaining a mentally handicapped relative.

“Oh, he’s in real estate? I’m so sorry. How did it happen? Has he always been this way?”

Maybe someone will someday find a cure.

-LM

[largemammal]

DW-

Keep in mind that “Beech” property is hard to come by. They’re not making any more, right? And there’s nothing more attractive than a “Bank Forecloure” near a “Beech.” Be quick, “don’ miss this opportunity!”

These illiterate ads are so common that if I were an agent, I’d be pretty embarrassed to tell anyone. Like explaining a mentally handicapped relative.

“Oh, he’s in real estate? I’m so sorry. How did it happen? Has he always been this way?”

Maybe someone will someday find a cure.

-LM

[largemammal]

DW-

Keep in mind that “Beech” property is hard to come by. They’re not making any more, right? And there’s nothing more attractive than a “Bank Forecloure” near a “Beech.” Be quick, “don’ miss this opportunity!”

These illiterate ads are so common that if I were an agent, I’d be pretty embarrassed to tell anyone. Like explaining a mentally handicapped relative.

“Oh, he’s in real estate? I’m so sorry. How did it happen? Has he always been this way?”

Maybe someone will someday find a cure.

-LM

[largemammal]

DW-

Keep in mind that “Beech” property is hard to come by. They’re not making any more, right? And there’s nothing more attractive than a “Bank Forecloure” near a “Beech.” Be quick, “don’ miss this opportunity!”

These illiterate ads are so common that if I were an agent, I’d be pretty embarrassed to tell anyone. Like explaining a mentally handicapped relative.

“Oh, he’s in real estate? I’m so sorry. How did it happen? Has he always been this way?”

Maybe someone will someday find a cure.

-LM

[largemammal]

DW-

Keep in mind that “Beech” property is hard to come by. They’re not making any more, right? And there’s nothing more attractive than a “Bank Forecloure” near a “Beech.” Be quick, “don’ miss this opportunity!”

These illiterate ads are so common that if I were an agent, I’d be pretty embarrassed to tell anyone. Like explaining a mentally handicapped relative.

“Oh, he’s in real estate? I’m so sorry. How did it happen? Has he always been this way?”

Maybe someone will someday find a cure.

-LM

[DWCAP]

well jp maybe the fact that even though it is in PB it is only near the Beech, and who cares? I can be near maples, elms, pines, I dont really care. Hell, I can move to the midwest and buy 5 houses near a Beech for less than I would get one here!

[DWCAP]

well jp maybe the fact that even though it is in PB it is only near the Beech, and who cares? I can be near maples, elms, pines, I dont really care. Hell, I can move to the midwest and buy 5 houses near a Beech for less than I would get one here!

[DWCAP]

well jp maybe the fact that even though it is in PB it is only near the Beech, and who cares? I can be near maples, elms, pines, I dont really care. Hell, I can move to the midwest and buy 5 houses near a Beech for less than I would get one here!

[DWCAP]

well jp maybe the fact that even though it is in PB it is only near the Beech, and who cares? I can be near maples, elms, pines, I dont really care. Hell, I can move to the midwest and buy 5 houses near a Beech for less than I would get one here!

[DWCAP]

Damnit LM, its 11:45 and I am suppose to be going to bed now and instead I am rereading your post and cracking up over and over again. “Oh, he is in Real Estate?, I am so sorry. How did it happen?” I must be so tired I am getting stupid cause I can hardly type anymore. And you are right, they are not making any more houses near beeches, so you had better buy now! hahahaha.

My head hurts….

[DWCAP]

Damnit LM, its 11:45 and I am suppose to be going to bed now and instead I am rereading your post and cracking up over and over again. “Oh, he is in Real Estate?, I am so sorry. How did it happen?” I must be so tired I am getting stupid cause I can hardly type anymore. And you are right, they are not making any more houses near beeches, so you had better buy now! hahahaha.

My head hurts….

[DWCAP]

Damnit LM, its 11:45 and I am suppose to be going to bed now and instead I am rereading your post and cracking up over and over again. “Oh, he is in Real Estate?, I am so sorry. How did it happen?” I must be so tired I am getting stupid cause I can hardly type anymore. And you are right, they are not making any more houses near beeches, so you had better buy now! hahahaha.

My head hurts….

[DWCAP]

Damnit LM, its 11:45 and I am suppose to be going to bed now and instead I am rereading your post and cracking up over and over again. “Oh, he is in Real Estate?, I am so sorry. How did it happen?” I must be so tired I am getting stupid cause I can hardly type anymore. And you are right, they are not making any more houses near beeches, so you had better buy now! hahahaha.

My head hurts….

[DWCAP]

Damnit LM, its 11:45 and I am suppose to be going to bed now and instead I am rereading your post and cracking up over and over again. “Oh, he is in Real Estate?, I am so sorry. How did it happen?” I must be so tired I am getting stupid cause I can hardly type anymore. And you are right, they are not making any more houses near beeches, so you had better buy now! hahahaha.

My head hurts….

[Author]

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