Question for all of the Nostradamus’s on here

[lendingbubblecontinues]

sdrealtor-

that just gave me a good laugh!!

[Anonymous]

I couldn’t put an apostrophe in my username and I am wishing I had chosen Nostradumbass instead, but I predict that alex_angel will be wishing for a long time that he hadn’t coined the word “Nostradamus’s”.

[Anonymous]

I couldn’t put an apostrophe in my username and I am wishing I had chosen Nostradumbass instead, but I predict that alex_angel will be wishing for a long time that he hadn’t coined the word “Nostradamus’s”.

[Anonymous]

I couldn’t put an apostrophe in my username and I am wishing I had chosen Nostradumbass instead, but I predict that alex_angel will be wishing for a long time that he hadn’t coined the word “Nostradamus’s”.

[gn]

Alex, you seem to have a split personality

Alex reminds me of a guy in Temecula by the name of 1234VC (I dont remember his exact name). He always argued that prices cannot go down much. From his posts, it was obvious that he knew very little about real estate.

He finally pulled the trigger & bought. As soon as he bought, someone else got a much better deal in the same neighborhood 🙂

Now, compared to this guy, Alex seems to be more afraid of the downside potentials. But Alex is equally naive about the real estate market 🙂

[gn]

Alex, you seem to have a split personality

Alex reminds me of a guy in Temecula by the name of 1234VC (I dont remember his exact name). He always argued that prices cannot go down much. From his posts, it was obvious that he knew very little about real estate.

He finally pulled the trigger & bought. As soon as he bought, someone else got a much better deal in the same neighborhood 🙂

Now, compared to this guy, Alex seems to be more afraid of the downside potentials. But Alex is equally naive about the real estate market 🙂

[gn]

Alex, you seem to have a split personality

Alex reminds me of a guy in Temecula by the name of 1234VC (I dont remember his exact name). He always argued that prices cannot go down much. From his posts, it was obvious that he knew very little about real estate.

He finally pulled the trigger & bought. As soon as he bought, someone else got a much better deal in the same neighborhood 🙂

Now, compared to this guy, Alex seems to be more afraid of the downside potentials. But Alex is equally naive about the real estate market 🙂

[(former)FormerSanDiegan]

Some of us do quantitative analysis with estimates based on historical growth rates to do our projections or we also estimate changes in rent and apply rent vs own scenarios to come up with our estimates.

Below is an example of the first approach.

[img_assist|nid=3604|title=Basic growth rate plot|desc=|link=node|align=left|width=466|height=349]

[(former)FormerSanDiegan]

Some of us do quantitative analysis with estimates based on historical growth rates to do our projections or we also estimate changes in rent and apply rent vs own scenarios to come up with our estimates.

Below is an example of the first approach.

[img_assist|nid=3604|title=Basic growth rate plot|desc=|link=node|align=left|width=466|height=349]

[(former)FormerSanDiegan]

Some of us do quantitative analysis with estimates based on historical growth rates to do our projections or we also estimate changes in rent and apply rent vs own scenarios to come up with our estimates.

Below is an example of the first approach.

[img_assist|nid=3604|title=Basic growth rate plot|desc=|link=node|align=left|width=466|height=349]

[seattle-relo]

The consequences of foreclosure…

With all the potential foreclosures happening in the next couple years, I am wondering how these people will be seen in terms of getting into another loan when prices finally hit bottom.(A loan that they could actually afford) Does anyone have any prediction for these people? Will the banks be even more fearful of these people and not lend to them or due to such a high amount of families forclosing, could the banks extend a bad credit “forgiveness” due to the nationwide trend? I am not saying that there should be any “bad credit forgiveness”, but I am wondering if that could happen. Any thoughts?

On a side note, you have talked about 1st mortgages being a non-recourse loan if there hasn’t been any refinacing. For those who purchased with a 1st and piggybacked with a second, but did not refinance, is that 2nd also a non-recourse loan?

[seattle-relo]

The consequences of foreclosure…

With all the potential foreclosures happening in the next couple years, I am wondering how these people will be seen in terms of getting into another loan when prices finally hit bottom.(A loan that they could actually afford) Does anyone have any prediction for these people? Will the banks be even more fearful of these people and not lend to them or due to such a high amount of families forclosing, could the banks extend a bad credit “forgiveness” due to the nationwide trend? I am not saying that there should be any “bad credit forgiveness”, but I am wondering if that could happen. Any thoughts?

On a side note, you have talked about 1st mortgages being a non-recourse loan if there hasn’t been any refinacing. For those who purchased with a 1st and piggybacked with a second, but did not refinance, is that 2nd also a non-recourse loan?

[seattle-relo]

The consequences of foreclosure…

With all the potential foreclosures happening in the next couple years, I am wondering how these people will be seen in terms of getting into another loan when prices finally hit bottom.(A loan that they could actually afford) Does anyone have any prediction for these people? Will the banks be even more fearful of these people and not lend to them or due to such a high amount of families forclosing, could the banks extend a bad credit “forgiveness” due to the nationwide trend? I am not saying that there should be any “bad credit forgiveness”, but I am wondering if that could happen. Any thoughts?

On a side note, you have talked about 1st mortgages being a non-recourse loan if there hasn’t been any refinacing. For those who purchased with a 1st and piggybacked with a second, but did not refinance, is that 2nd also a non-recourse loan?

[seattle-relo]

Oops, I meant to put that in a new thread, sorry…

[seattle-relo]

Oops, I meant to put that in a new thread, sorry…

[Author]

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