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  • April 12, 2009 at 12:01 PM #380233
    4plexowner
    Participant

    delay seems like the best strategy for the banks to employ at this point for any number of reasons

    I posted the link because it was the first place I saw the 600K and 80K numbers

    as to your question, I’d say, does it really matter whether the ‘hidden inventory’ is ‘on the market’ or not? once the consumer has the perception that the ‘hidden inventory’ exists it might as well be on the market anyway – right back to supply and demand, only now the previously hidden inventory has to be included in the supply column and what happens to prices as a result?

    April 12, 2009 at 12:17 PM #379608
    jpinpb
    Participant

    4plex – I think it does matter only b/c many bulls are cheering at the low inventory and if you get a naieve buyer wanting to tax advantage of the big tax break (18K), it wouldn’t be too hard to convince them. Inventory is down. Rates are low. Tax break. Then all you need to do is say the government/banks are going to re-work all those NODs. (ignore the man behind the curtain – pay no mind to the NODs in the background)

    Personally, I think to ignore the NODs is putting your head in the sand. I do not think they are magically going away. Even more bullish would be to ignore the Alt-A/Option ARMs. We have yet to really contend w/that.

    April 12, 2009 at 12:17 PM #379879
    jpinpb
    Participant

    4plex – I think it does matter only b/c many bulls are cheering at the low inventory and if you get a naieve buyer wanting to tax advantage of the big tax break (18K), it wouldn’t be too hard to convince them. Inventory is down. Rates are low. Tax break. Then all you need to do is say the government/banks are going to re-work all those NODs. (ignore the man behind the curtain – pay no mind to the NODs in the background)

    Personally, I think to ignore the NODs is putting your head in the sand. I do not think they are magically going away. Even more bullish would be to ignore the Alt-A/Option ARMs. We have yet to really contend w/that.

    April 12, 2009 at 12:17 PM #380064
    jpinpb
    Participant

    4plex – I think it does matter only b/c many bulls are cheering at the low inventory and if you get a naieve buyer wanting to tax advantage of the big tax break (18K), it wouldn’t be too hard to convince them. Inventory is down. Rates are low. Tax break. Then all you need to do is say the government/banks are going to re-work all those NODs. (ignore the man behind the curtain – pay no mind to the NODs in the background)

    Personally, I think to ignore the NODs is putting your head in the sand. I do not think they are magically going away. Even more bullish would be to ignore the Alt-A/Option ARMs. We have yet to really contend w/that.

    April 12, 2009 at 12:17 PM #380111
    jpinpb
    Participant

    4plex – I think it does matter only b/c many bulls are cheering at the low inventory and if you get a naieve buyer wanting to tax advantage of the big tax break (18K), it wouldn’t be too hard to convince them. Inventory is down. Rates are low. Tax break. Then all you need to do is say the government/banks are going to re-work all those NODs. (ignore the man behind the curtain – pay no mind to the NODs in the background)

    Personally, I think to ignore the NODs is putting your head in the sand. I do not think they are magically going away. Even more bullish would be to ignore the Alt-A/Option ARMs. We have yet to really contend w/that.

    April 12, 2009 at 12:17 PM #380238
    jpinpb
    Participant

    4plex – I think it does matter only b/c many bulls are cheering at the low inventory and if you get a naieve buyer wanting to tax advantage of the big tax break (18K), it wouldn’t be too hard to convince them. Inventory is down. Rates are low. Tax break. Then all you need to do is say the government/banks are going to re-work all those NODs. (ignore the man behind the curtain – pay no mind to the NODs in the background)

    Personally, I think to ignore the NODs is putting your head in the sand. I do not think they are magically going away. Even more bullish would be to ignore the Alt-A/Option ARMs. We have yet to really contend w/that.

    April 12, 2009 at 12:27 PM #379613
    waiting for bottom
    Participant

    I know th invenotry is coming…but when?

    I think I am going to buy now since I can lock in my housing costs at a price I am comfortable with. I will stay 10 years.

    I also have a corporate relo (worth 10-15K) that expires in July.

    My house may go down 10-20%, but who knows what my monthly cost will do by then.

    April 12, 2009 at 12:27 PM #379884
    waiting for bottom
    Participant

    I know th invenotry is coming…but when?

    I think I am going to buy now since I can lock in my housing costs at a price I am comfortable with. I will stay 10 years.

    I also have a corporate relo (worth 10-15K) that expires in July.

    My house may go down 10-20%, but who knows what my monthly cost will do by then.

    April 12, 2009 at 12:27 PM #380069
    waiting for bottom
    Participant

    I know th invenotry is coming…but when?

    I think I am going to buy now since I can lock in my housing costs at a price I am comfortable with. I will stay 10 years.

    I also have a corporate relo (worth 10-15K) that expires in July.

    My house may go down 10-20%, but who knows what my monthly cost will do by then.

    April 12, 2009 at 12:27 PM #380116
    waiting for bottom
    Participant

    I know th invenotry is coming…but when?

    I think I am going to buy now since I can lock in my housing costs at a price I am comfortable with. I will stay 10 years.

    I also have a corporate relo (worth 10-15K) that expires in July.

    My house may go down 10-20%, but who knows what my monthly cost will do by then.

    April 12, 2009 at 12:27 PM #380243
    waiting for bottom
    Participant

    I know th invenotry is coming…but when?

    I think I am going to buy now since I can lock in my housing costs at a price I am comfortable with. I will stay 10 years.

    I also have a corporate relo (worth 10-15K) that expires in July.

    My house may go down 10-20%, but who knows what my monthly cost will do by then.

    April 12, 2009 at 1:48 PM #379628
    mwtosd
    Participant

    Ox,

    I did not get to read this thread yet, and I quickly looked and did not see this link posted here on this thread. It is posted on both SDL and another thread on Piggs. Plenty of foreclosures are coming. This is an article by Mr. Mortgage.

    http://www.fieldcheckgroup.com/2009/04/07/4-7-ca-foreclosures-about-to-soar/

    April 12, 2009 at 1:48 PM #379899
    mwtosd
    Participant

    Ox,

    I did not get to read this thread yet, and I quickly looked and did not see this link posted here on this thread. It is posted on both SDL and another thread on Piggs. Plenty of foreclosures are coming. This is an article by Mr. Mortgage.

    http://www.fieldcheckgroup.com/2009/04/07/4-7-ca-foreclosures-about-to-soar/

    April 12, 2009 at 1:48 PM #380084
    mwtosd
    Participant

    Ox,

    I did not get to read this thread yet, and I quickly looked and did not see this link posted here on this thread. It is posted on both SDL and another thread on Piggs. Plenty of foreclosures are coming. This is an article by Mr. Mortgage.

    http://www.fieldcheckgroup.com/2009/04/07/4-7-ca-foreclosures-about-to-soar/

    April 12, 2009 at 1:48 PM #380131
    mwtosd
    Participant

    Ox,

    I did not get to read this thread yet, and I quickly looked and did not see this link posted here on this thread. It is posted on both SDL and another thread on Piggs. Plenty of foreclosures are coming. This is an article by Mr. Mortgage.

    http://www.fieldcheckgroup.com/2009/04/07/4-7-ca-foreclosures-about-to-soar/

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