Temperature Check for 2008 – Now how low do you think it will go?

[hpi]

Nobody is immune to the inflation that’s already come. Isn’t it a bailout of the over-priced estate value in a long term? The crashing the RE market is not a free show, the green paper in your pocket is losing value everyday for it. There is no smart or stupid due to big uncertainty of the future. There is only lucky and unlucky after watching the show plays out.

[JC]

Thought this *might* be interesting to the folks on this thread…..

SDBJ Article: Home Mortgage Crisis Worsens, Notices, Foreclosures Skyrocket

http://www.sdbj.com/industry_article.asp?aID=28319709.75546402.1591382.7394241.7454539.189&aID2=122405

[JC]

Thought this *might* be interesting to the folks on this thread…..

SDBJ Article: Home Mortgage Crisis Worsens, Notices, Foreclosures Skyrocket

http://www.sdbj.com/industry_article.asp?aID=28319709.75546402.1591382.7394241.7454539.189&aID2=122405

[JC]

Thought this *might* be interesting to the folks on this thread…..

SDBJ Article: Home Mortgage Crisis Worsens, Notices, Foreclosures Skyrocket

http://www.sdbj.com/industry_article.asp?aID=28319709.75546402.1591382.7394241.7454539.189&aID2=122405

[JC]

Thought this *might* be interesting to the folks on this thread…..

SDBJ Article: Home Mortgage Crisis Worsens, Notices, Foreclosures Skyrocket

http://www.sdbj.com/industry_article.asp?aID=28319709.75546402.1591382.7394241.7454539.189&aID2=122405

[JC]

Thought this *might* be interesting to the folks on this thread…..

SDBJ Article: Home Mortgage Crisis Worsens, Notices, Foreclosures Skyrocket

http://www.sdbj.com/industry_article.asp?aID=28319709.75546402.1591382.7394241.7454539.189&aID2=122405

[hugo]

Thanks JC, many quotable passages. Here’s one –

“He said that in January, 98 percent of auction sales went back to the lender after receiving no bids.”

I guess the banks are gambling that the bailout will bail them out.

[hugo]

Thanks JC, many quotable passages. Here’s one –

“He said that in January, 98 percent of auction sales went back to the lender after receiving no bids.”

I guess the banks are gambling that the bailout will bail them out.

[hugo]

Thanks JC, many quotable passages. Here’s one –

“He said that in January, 98 percent of auction sales went back to the lender after receiving no bids.”

I guess the banks are gambling that the bailout will bail them out.

[hugo]

Thanks JC, many quotable passages. Here’s one –

“He said that in January, 98 percent of auction sales went back to the lender after receiving no bids.”

I guess the banks are gambling that the bailout will bail them out.

[hugo]

Thanks JC, many quotable passages. Here’s one –

“He said that in January, 98 percent of auction sales went back to the lender after receiving no bids.”

I guess the banks are gambling that the bailout will bail them out.

[masayako]

Is 70% drop possible???

I say 100% yes to SOME area.

For one example, a friend of mine bought Mira mesa MiraBella 1 bedroom 1 bath condo from a seller for about $70,000. At the peak, it list for $245k. That’s 72% drop if it ever go back to pre-bubble price. By the way, the HOA increases annually no matter what.

[masayako]

Is 70% drop possible???

I say 100% yes to SOME area.

For one example, a friend of mine bought Mira mesa MiraBella 1 bedroom 1 bath condo from a seller for about $70,000. At the peak, it list for $245k. That’s 72% drop if it ever go back to pre-bubble price. By the way, the HOA increases annually no matter what.

[masayako]

Is 70% drop possible???

I say 100% yes to SOME area.

For one example, a friend of mine bought Mira mesa MiraBella 1 bedroom 1 bath condo from a seller for about $70,000. At the peak, it list for $245k. That’s 72% drop if it ever go back to pre-bubble price. By the way, the HOA increases annually no matter what.

[masayako]

Is 70% drop possible???

I say 100% yes to SOME area.

For one example, a friend of mine bought Mira mesa MiraBella 1 bedroom 1 bath condo from a seller for about $70,000. At the peak, it list for $245k. That’s 72% drop if it ever go back to pre-bubble price. By the way, the HOA increases annually no matter what.

[Author]

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