Save TG, he’s reaching for the knife

[surveyor]

TG:

If it makes you feel better, I know of at least 1500 housing units slated to come online in the County of Riverside within the next three years. Quite a few are in Temecula, Hemet and the Winchester areas.

These projects have already been dedicated and entitled, so they have no choice but to build them.

[temeculaguy]

Great comments, Yes I broke down and got a low end flat panel T.V. and there was a moment I was looking at a nice slimfit samsung that was dirt cheap but thought to myself that I am a hobo and I may move more than once in the next year, so no more tubes. In fact I started getting rid of the bedroom t.v’s and going with light, sub $400 flats Bear, excellent advice but no matter what happens I don’t want a ranch in Santiago, I hate yardwork, I like people and prefer tract home living and walking to cocktail parties on the block. Plus when you are the only Bachelor in a family neighborhood, all the wives try to set you up with their freinds, something you don’t get on multi-acre estates.

OC, that is an excellent plan and I bet it would work, at 350k it would be at about $110 per square, if I do go that route, I’m going with your plan. SD, yes, I plan to try and get close to what I wan’t as far as the house, lot and cabinets go, flooring and landscaping are things I know I will have to change and are easy fixes.

Bugs and Alan, all great points, I am going to watch December very closely to see what it does to the prices and psyche of the market. I had figured that as spring approached and sales still wen’t down, panic would set in locally, 300k was my lofty goal for a ball park 3,000 sq ft in one of the premeire neighborhoods. They were all above 6, then 5 and now 4, what the hell, I can still count backwards despite the brutal hangover I’m nursing, 3 is next. In fact I can find it now in the right area but not the specific tracts I want and with more “dated” interiors.

Here is case in point

http://www.redfin.com/stingray/do/printable-listing?listing-id=1122936

I’d love to thank everyone but to be honest I am probably more confused now. If I can find a month to month rental in Dec or Jan, I’ll probably do it, if at the time the liklihood of sub 350k for the right property comes along, I’ll probably start throwing those 300k offers out, the timing is going to be tight but I love excitement.

[temeculaguy]

Great comments, Yes I broke down and got a low end flat panel T.V. and there was a moment I was looking at a nice slimfit samsung that was dirt cheap but thought to myself that I am a hobo and I may move more than once in the next year, so no more tubes. In fact I started getting rid of the bedroom t.v’s and going with light, sub $400 flats Bear, excellent advice but no matter what happens I don’t want a ranch in Santiago, I hate yardwork, I like people and prefer tract home living and walking to cocktail parties on the block. Plus when you are the only Bachelor in a family neighborhood, all the wives try to set you up with their freinds, something you don’t get on multi-acre estates.

OC, that is an excellent plan and I bet it would work, at 350k it would be at about $110 per square, if I do go that route, I’m going with your plan. SD, yes, I plan to try and get close to what I wan’t as far as the house, lot and cabinets go, flooring and landscaping are things I know I will have to change and are easy fixes.

Bugs and Alan, all great points, I am going to watch December very closely to see what it does to the prices and psyche of the market. I had figured that as spring approached and sales still wen’t down, panic would set in locally, 300k was my lofty goal for a ball park 3,000 sq ft in one of the premeire neighborhoods. They were all above 6, then 5 and now 4, what the hell, I can still count backwards despite the brutal hangover I’m nursing, 3 is next. In fact I can find it now in the right area but not the specific tracts I want and with more “dated” interiors.

Here is case in point

http://www.redfin.com/stingray/do/printable-listing?listing-id=1122936

I’d love to thank everyone but to be honest I am probably more confused now. If I can find a month to month rental in Dec or Jan, I’ll probably do it, if at the time the liklihood of sub 350k for the right property comes along, I’ll probably start throwing those 300k offers out, the timing is going to be tight but I love excitement.

[temeculaguy]

Great comments, Yes I broke down and got a low end flat panel T.V. and there was a moment I was looking at a nice slimfit samsung that was dirt cheap but thought to myself that I am a hobo and I may move more than once in the next year, so no more tubes. In fact I started getting rid of the bedroom t.v’s and going with light, sub $400 flats Bear, excellent advice but no matter what happens I don’t want a ranch in Santiago, I hate yardwork, I like people and prefer tract home living and walking to cocktail parties on the block. Plus when you are the only Bachelor in a family neighborhood, all the wives try to set you up with their freinds, something you don’t get on multi-acre estates.

OC, that is an excellent plan and I bet it would work, at 350k it would be at about $110 per square, if I do go that route, I’m going with your plan. SD, yes, I plan to try and get close to what I wan’t as far as the house, lot and cabinets go, flooring and landscaping are things I know I will have to change and are easy fixes.

Bugs and Alan, all great points, I am going to watch December very closely to see what it does to the prices and psyche of the market. I had figured that as spring approached and sales still wen’t down, panic would set in locally, 300k was my lofty goal for a ball park 3,000 sq ft in one of the premeire neighborhoods. They were all above 6, then 5 and now 4, what the hell, I can still count backwards despite the brutal hangover I’m nursing, 3 is next. In fact I can find it now in the right area but not the specific tracts I want and with more “dated” interiors.

Here is case in point

http://www.redfin.com/stingray/do/printable-listing?listing-id=1122936

I’d love to thank everyone but to be honest I am probably more confused now. If I can find a month to month rental in Dec or Jan, I’ll probably do it, if at the time the liklihood of sub 350k for the right property comes along, I’ll probably start throwing those 300k offers out, the timing is going to be tight but I love excitement.

[temeculaguy]

Great comments, Yes I broke down and got a low end flat panel T.V. and there was a moment I was looking at a nice slimfit samsung that was dirt cheap but thought to myself that I am a hobo and I may move more than once in the next year, so no more tubes. In fact I started getting rid of the bedroom t.v’s and going with light, sub $400 flats Bear, excellent advice but no matter what happens I don’t want a ranch in Santiago, I hate yardwork, I like people and prefer tract home living and walking to cocktail parties on the block. Plus when you are the only Bachelor in a family neighborhood, all the wives try to set you up with their freinds, something you don’t get on multi-acre estates.

OC, that is an excellent plan and I bet it would work, at 350k it would be at about $110 per square, if I do go that route, I’m going with your plan. SD, yes, I plan to try and get close to what I wan’t as far as the house, lot and cabinets go, flooring and landscaping are things I know I will have to change and are easy fixes.

Bugs and Alan, all great points, I am going to watch December very closely to see what it does to the prices and psyche of the market. I had figured that as spring approached and sales still wen’t down, panic would set in locally, 300k was my lofty goal for a ball park 3,000 sq ft in one of the premeire neighborhoods. They were all above 6, then 5 and now 4, what the hell, I can still count backwards despite the brutal hangover I’m nursing, 3 is next. In fact I can find it now in the right area but not the specific tracts I want and with more “dated” interiors.

Here is case in point

http://www.redfin.com/stingray/do/printable-listing?listing-id=1122936

I’d love to thank everyone but to be honest I am probably more confused now. If I can find a month to month rental in Dec or Jan, I’ll probably do it, if at the time the liklihood of sub 350k for the right property comes along, I’ll probably start throwing those 300k offers out, the timing is going to be tight but I love excitement.

[Allan from Fallbrook]

TG: Year End is going to be brutal for a lot of banks, and the pressure to start dumping REO inventory is going to become more pronounced.

Additionally, FASB 157 kicks in on the 15th of this month. This is the financial guideline requiring more transparency and new accounting rules for “off book” and off Balance Sheet transactions. This rule is going to put a huge spotlight on the billions of dollars worth of bad loans and over-leveraged CDO, CDS and MBS transactions that have occurred during the boom. This will trigger more write-downs, and thus more losses, and thus an even greater push to dump non- and sub-performing assets (including REOs in the case of banks).

According to a lot of folks in the banking and financing industries, banks are currently only listing about 25%+/- of their REO portfolio for fear of triggering a pricing crash. This is going to change very soon.

[Allan from Fallbrook]

TG: Year End is going to be brutal for a lot of banks, and the pressure to start dumping REO inventory is going to become more pronounced.

Additionally, FASB 157 kicks in on the 15th of this month. This is the financial guideline requiring more transparency and new accounting rules for “off book” and off Balance Sheet transactions. This rule is going to put a huge spotlight on the billions of dollars worth of bad loans and over-leveraged CDO, CDS and MBS transactions that have occurred during the boom. This will trigger more write-downs, and thus more losses, and thus an even greater push to dump non- and sub-performing assets (including REOs in the case of banks).

According to a lot of folks in the banking and financing industries, banks are currently only listing about 25%+/- of their REO portfolio for fear of triggering a pricing crash. This is going to change very soon.

[Allan from Fallbrook]

TG: Year End is going to be brutal for a lot of banks, and the pressure to start dumping REO inventory is going to become more pronounced.

Additionally, FASB 157 kicks in on the 15th of this month. This is the financial guideline requiring more transparency and new accounting rules for “off book” and off Balance Sheet transactions. This rule is going to put a huge spotlight on the billions of dollars worth of bad loans and over-leveraged CDO, CDS and MBS transactions that have occurred during the boom. This will trigger more write-downs, and thus more losses, and thus an even greater push to dump non- and sub-performing assets (including REOs in the case of banks).

According to a lot of folks in the banking and financing industries, banks are currently only listing about 25%+/- of their REO portfolio for fear of triggering a pricing crash. This is going to change very soon.

[Allan from Fallbrook]

TG: Year End is going to be brutal for a lot of banks, and the pressure to start dumping REO inventory is going to become more pronounced.

Additionally, FASB 157 kicks in on the 15th of this month. This is the financial guideline requiring more transparency and new accounting rules for “off book” and off Balance Sheet transactions. This rule is going to put a huge spotlight on the billions of dollars worth of bad loans and over-leveraged CDO, CDS and MBS transactions that have occurred during the boom. This will trigger more write-downs, and thus more losses, and thus an even greater push to dump non- and sub-performing assets (including REOs in the case of banks).

According to a lot of folks in the banking and financing industries, banks are currently only listing about 25%+/- of their REO portfolio for fear of triggering a pricing crash. This is going to change very soon.

[patientlywaiting]

What is a bachelor doing in Temecula? You should be Downtown San Diego or West LA!

Are there really women of ill-repute in Temecula?

[patientlywaiting]

What is a bachelor doing in Temecula? You should be Downtown San Diego or West LA!

Are there really women of ill-repute in Temecula?

[patientlywaiting]

What is a bachelor doing in Temecula? You should be Downtown San Diego or West LA!

Are there really women of ill-repute in Temecula?

[patientlywaiting]

What is a bachelor doing in Temecula? You should be Downtown San Diego or West LA!

Are there really women of ill-repute in Temecula?

[temeculaguy]

Alan, I am a little unfamiliar with that bill and always skeptical of any bill actually having the intended result but it is interesting. How good is the info that banks are holding back inventory? I see a lot of brown lawns but no signs, I just figured it was a long legal process to get a repo to market. I can’t see the logic in hundreds of financial institutions conspiring together, they are competitors, why wouldn’t they just try to save themselves.

Patient, I am here for many reasons but primarily because I am raising a couple of teenagers who have always lived here and have family here, plus I wan’t a three care garage, Downtown isn’t an option. And of course divorcees in their 40’s is my chosen demographic so I’m right where I need to be at this stage in my life. When I hit my sixties I’ll retire and and relocate to the palm springs area, home of the hot grandmas.

[temeculaguy]

Alan, I am a little unfamiliar with that bill and always skeptical of any bill actually having the intended result but it is interesting. How good is the info that banks are holding back inventory? I see a lot of brown lawns but no signs, I just figured it was a long legal process to get a repo to market. I can’t see the logic in hundreds of financial institutions conspiring together, they are competitors, why wouldn’t they just try to save themselves.

Patient, I am here for many reasons but primarily because I am raising a couple of teenagers who have always lived here and have family here, plus I wan’t a three care garage, Downtown isn’t an option. And of course divorcees in their 40’s is my chosen demographic so I’m right where I need to be at this stage in my life. When I hit my sixties I’ll retire and and relocate to the palm springs area, home of the hot grandmas.

[Author]

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