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temeculaguy.
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January 3, 2008 at 11:42 AM #128798January 3, 2008 at 12:44 PM #128561
stockstradr
Participanttemeculaguy,
just wanted to write THANKS, I do appreciate you guys taking time to post these stories with links that show the homes and prices. I like to take a break during lunch and read your reports, and see the photos. Those recent price drops in temecula are incredible.
I remember living in San Diego a year ago and friends would talk about how they bought $700,000 homes in Temeculua and riding in a carpool for over an hour one-way to reach their jobs in San Diego. They would only sleep in, never enjoy, those big houses because they were away from home from 5 AM to 10 PM every day. It really was insanity.
January 3, 2008 at 12:44 PM #128728Participanttemeculaguy,
just wanted to write THANKS, I do appreciate you guys taking time to post these stories with links that show the homes and prices. I like to take a break during lunch and read your reports, and see the photos. Those recent price drops in temecula are incredible.
I remember living in San Diego a year ago and friends would talk about how they bought $700,000 homes in Temeculua and riding in a carpool for over an hour one-way to reach their jobs in San Diego. They would only sleep in, never enjoy, those big houses because they were away from home from 5 AM to 10 PM every day. It really was insanity.
January 3, 2008 at 12:44 PM #128738Participanttemeculaguy,
just wanted to write THANKS, I do appreciate you guys taking time to post these stories with links that show the homes and prices. I like to take a break during lunch and read your reports, and see the photos. Those recent price drops in temecula are incredible.
I remember living in San Diego a year ago and friends would talk about how they bought $700,000 homes in Temeculua and riding in a carpool for over an hour one-way to reach their jobs in San Diego. They would only sleep in, never enjoy, those big houses because they were away from home from 5 AM to 10 PM every day. It really was insanity.
January 3, 2008 at 12:44 PM #128805Participanttemeculaguy,
just wanted to write THANKS, I do appreciate you guys taking time to post these stories with links that show the homes and prices. I like to take a break during lunch and read your reports, and see the photos. Those recent price drops in temecula are incredible.
I remember living in San Diego a year ago and friends would talk about how they bought $700,000 homes in Temeculua and riding in a carpool for over an hour one-way to reach their jobs in San Diego. They would only sleep in, never enjoy, those big houses because they were away from home from 5 AM to 10 PM every day. It really was insanity.
January 3, 2008 at 12:44 PM #128834Participanttemeculaguy,
just wanted to write THANKS, I do appreciate you guys taking time to post these stories with links that show the homes and prices. I like to take a break during lunch and read your reports, and see the photos. Those recent price drops in temecula are incredible.
I remember living in San Diego a year ago and friends would talk about how they bought $700,000 homes in Temeculua and riding in a carpool for over an hour one-way to reach their jobs in San Diego. They would only sleep in, never enjoy, those big houses because they were away from home from 5 AM to 10 PM every day. It really was insanity.
January 3, 2008 at 2:05 PM #128607SD Realtor
ParticipantHi Allan –
I am just a pup and do not have many connections at all in the banking/investment/lending industry. My evidence is simply from my low level view in the street. I have many lowballer buyers who have been looking for homes from Imperial Beach to Oceanside and I noted that starting later in the year, about November timeframe many homes that were REO or shorts started to go pending. Additionally my own short sale listing was accepted by a lender at an astronomically low price. Unfortunately the lender took so long to accept it that the buyer had bailed out. Similarly right now I have a buyer who just got an acceptance on a lowball offer down in Eastlake from an REO that surprised me.
On the other side of the coin some of my buyers have been frustrated by the fact that some of the REO or Shorts that they were eyeballing indeed went off the market due to accepted offers that were ABOVE where they hoped to come in at.
No again, I am not saying it is time to buy or anything but just my down in the trenches view.
SD Realtor
January 3, 2008 at 2:05 PM #128773ParticipantHi Allan –
I am just a pup and do not have many connections at all in the banking/investment/lending industry. My evidence is simply from my low level view in the street. I have many lowballer buyers who have been looking for homes from Imperial Beach to Oceanside and I noted that starting later in the year, about November timeframe many homes that were REO or shorts started to go pending. Additionally my own short sale listing was accepted by a lender at an astronomically low price. Unfortunately the lender took so long to accept it that the buyer had bailed out. Similarly right now I have a buyer who just got an acceptance on a lowball offer down in Eastlake from an REO that surprised me.
On the other side of the coin some of my buyers have been frustrated by the fact that some of the REO or Shorts that they were eyeballing indeed went off the market due to accepted offers that were ABOVE where they hoped to come in at.
No again, I am not saying it is time to buy or anything but just my down in the trenches view.
SD Realtor
January 3, 2008 at 2:05 PM #128782ParticipantHi Allan –
I am just a pup and do not have many connections at all in the banking/investment/lending industry. My evidence is simply from my low level view in the street. I have many lowballer buyers who have been looking for homes from Imperial Beach to Oceanside and I noted that starting later in the year, about November timeframe many homes that were REO or shorts started to go pending. Additionally my own short sale listing was accepted by a lender at an astronomically low price. Unfortunately the lender took so long to accept it that the buyer had bailed out. Similarly right now I have a buyer who just got an acceptance on a lowball offer down in Eastlake from an REO that surprised me.
On the other side of the coin some of my buyers have been frustrated by the fact that some of the REO or Shorts that they were eyeballing indeed went off the market due to accepted offers that were ABOVE where they hoped to come in at.
No again, I am not saying it is time to buy or anything but just my down in the trenches view.
SD Realtor
January 3, 2008 at 2:05 PM #128850ParticipantHi Allan –
I am just a pup and do not have many connections at all in the banking/investment/lending industry. My evidence is simply from my low level view in the street. I have many lowballer buyers who have been looking for homes from Imperial Beach to Oceanside and I noted that starting later in the year, about November timeframe many homes that were REO or shorts started to go pending. Additionally my own short sale listing was accepted by a lender at an astronomically low price. Unfortunately the lender took so long to accept it that the buyer had bailed out. Similarly right now I have a buyer who just got an acceptance on a lowball offer down in Eastlake from an REO that surprised me.
On the other side of the coin some of my buyers have been frustrated by the fact that some of the REO or Shorts that they were eyeballing indeed went off the market due to accepted offers that were ABOVE where they hoped to come in at.
No again, I am not saying it is time to buy or anything but just my down in the trenches view.
SD Realtor
January 3, 2008 at 2:05 PM #128879ParticipantHi Allan –
I am just a pup and do not have many connections at all in the banking/investment/lending industry. My evidence is simply from my low level view in the street. I have many lowballer buyers who have been looking for homes from Imperial Beach to Oceanside and I noted that starting later in the year, about November timeframe many homes that were REO or shorts started to go pending. Additionally my own short sale listing was accepted by a lender at an astronomically low price. Unfortunately the lender took so long to accept it that the buyer had bailed out. Similarly right now I have a buyer who just got an acceptance on a lowball offer down in Eastlake from an REO that surprised me.
On the other side of the coin some of my buyers have been frustrated by the fact that some of the REO or Shorts that they were eyeballing indeed went off the market due to accepted offers that were ABOVE where they hoped to come in at.
No again, I am not saying it is time to buy or anything but just my down in the trenches view.
SD Realtor
January 3, 2008 at 4:55 PM #128701temeculaguy
Participantstockstradr, no problem brother and thank you for the encouragement, I’ll keep doing it. To the poster who asked when will this happen in S.D., soon, that’s about all I can tell you. For a few years most of the people here predicted it would start on outskirts and work it’s way in. Now that it is in full swing in Temecula and Eastlake, the East county, Oceanside and Escondido will be next. Oil hitting $100 will make suburbs and exurbs fall even harder. But do not for one minute think any area is immune. Since HBO’s “The Wire” is about to begin it’s fifth and final season (easily the best show ever on any network) I’ll steal a quote from that show, “Everything is related.” You may have to wait until the latter part of 2008 to see similar declines and maybe 2009 to really join the party but S.D. will be visited by the pain train, for now just enjoy the previews.
January 3, 2008 at 4:55 PM #128868Participantstockstradr, no problem brother and thank you for the encouragement, I’ll keep doing it. To the poster who asked when will this happen in S.D., soon, that’s about all I can tell you. For a few years most of the people here predicted it would start on outskirts and work it’s way in. Now that it is in full swing in Temecula and Eastlake, the East county, Oceanside and Escondido will be next. Oil hitting $100 will make suburbs and exurbs fall even harder. But do not for one minute think any area is immune. Since HBO’s “The Wire” is about to begin it’s fifth and final season (easily the best show ever on any network) I’ll steal a quote from that show, “Everything is related.” You may have to wait until the latter part of 2008 to see similar declines and maybe 2009 to really join the party but S.D. will be visited by the pain train, for now just enjoy the previews.
January 3, 2008 at 4:55 PM #128876Participantstockstradr, no problem brother and thank you for the encouragement, I’ll keep doing it. To the poster who asked when will this happen in S.D., soon, that’s about all I can tell you. For a few years most of the people here predicted it would start on outskirts and work it’s way in. Now that it is in full swing in Temecula and Eastlake, the East county, Oceanside and Escondido will be next. Oil hitting $100 will make suburbs and exurbs fall even harder. But do not for one minute think any area is immune. Since HBO’s “The Wire” is about to begin it’s fifth and final season (easily the best show ever on any network) I’ll steal a quote from that show, “Everything is related.” You may have to wait until the latter part of 2008 to see similar declines and maybe 2009 to really join the party but S.D. will be visited by the pain train, for now just enjoy the previews.
January 3, 2008 at 4:55 PM #128945Participantstockstradr, no problem brother and thank you for the encouragement, I’ll keep doing it. To the poster who asked when will this happen in S.D., soon, that’s about all I can tell you. For a few years most of the people here predicted it would start on outskirts and work it’s way in. Now that it is in full swing in Temecula and Eastlake, the East county, Oceanside and Escondido will be next. Oil hitting $100 will make suburbs and exurbs fall even harder. But do not for one minute think any area is immune. Since HBO’s “The Wire” is about to begin it’s fifth and final season (easily the best show ever on any network) I’ll steal a quote from that show, “Everything is related.” You may have to wait until the latter part of 2008 to see similar declines and maybe 2009 to really join the party but S.D. will be visited by the pain train, for now just enjoy the previews.
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