The boat turns slowly

[UCGal]

Thanks for clarifying.
I watch the auction results (check daily after the dust settles to see what went back to the bank, what went to third parties)… you’re right that a lot of the third party sales have pretty “frothy” sales prices… at least in the areas I pay attention to. Prices that seem to have no “cash discount” or “risk discount” in them. It’s surprised me quite a bit. I’ve also seen some bank set opening bids that are really stratospheric.

I know you’ve got runners down at the steps these days, so you may not have this info…. Does your group see more wannabe investors, or are some of the bids coming from people who want the house to live in?

[SD Realtor]

Sorry Brian,

The govt is not supposed to watch out for us. Should they tell you to not drink? Should they tell you to not go snowboarding down double black diamond runs if you do not know how to? At some point adults need to watch out for themselves. Tens of thousands of people had no business buying a home and would not have been able to had it not been for the govt.

Nobody gets kicked out onto the streets Brian. Of all the homes we have purchased and informed the occupants they had to leave, not one of them ended up in a shelter. Save the scare tactics for people who are not in the industry. It is surprising how many people live within the means they can afford when they have to. Add to the fact of all the people living for free now because they are not paying. No they can afford a rental and they are not destitute like you make them out to be.

The bubble was fueled by the govt with foolheartedly policies that allowed for easy credit and allowing PEOPLE WHO HAD NO BUSINESS TO BUY A HOME get into home ownership. The govt fed the institutions the business. To think the govt ever, ever, ever is watching out for people or wants to take care of people is something that eventually you will learn to be far from the truth.

There are so many better ways to help people out but allowing them to live in a home that for all rights is NOT AFFORDABLE and NEVER WAS AFFORDABLE and NEVER WILL BE AFFORDABLE to them is not one of them. Foreclose on the home and let them find a rental with a govt subsidy for rent.

There are far to many people who did not require the govt to “take care of them” and prevent them from being idiots. What was the reward they got? Squat…they did not get squat. The reward is that they now get yoked into bailing out Wall St and letting the poor idiots continue to live in their homes through loan mods.

The only people who really “benefit” are the govt and Wall St.

[SD Realtor]

Sorry Brian,

The govt is not supposed to watch out for us. Should they tell you to not drink? Should they tell you to not go snowboarding down double black diamond runs if you do not know how to? At some point adults need to watch out for themselves. Tens of thousands of people had no business buying a home and would not have been able to had it not been for the govt.

Nobody gets kicked out onto the streets Brian. Of all the homes we have purchased and informed the occupants they had to leave, not one of them ended up in a shelter. Save the scare tactics for people who are not in the industry. It is surprising how many people live within the means they can afford when they have to. Add to the fact of all the people living for free now because they are not paying. No they can afford a rental and they are not destitute like you make them out to be.

The bubble was fueled by the govt with foolheartedly policies that allowed for easy credit and allowing PEOPLE WHO HAD NO BUSINESS TO BUY A HOME get into home ownership. The govt fed the institutions the business. To think the govt ever, ever, ever is watching out for people or wants to take care of people is something that eventually you will learn to be far from the truth.

There are so many better ways to help people out but allowing them to live in a home that for all rights is NOT AFFORDABLE and NEVER WAS AFFORDABLE and NEVER WILL BE AFFORDABLE to them is not one of them. Foreclose on the home and let them find a rental with a govt subsidy for rent.

There are far to many people who did not require the govt to “take care of them” and prevent them from being idiots. What was the reward they got? Squat…they did not get squat. The reward is that they now get yoked into bailing out Wall St and letting the poor idiots continue to live in their homes through loan mods.

The only people who really “benefit” are the govt and Wall St.

[SD Realtor]

Sorry Brian,

The govt is not supposed to watch out for us. Should they tell you to not drink? Should they tell you to not go snowboarding down double black diamond runs if you do not know how to? At some point adults need to watch out for themselves. Tens of thousands of people had no business buying a home and would not have been able to had it not been for the govt.

Nobody gets kicked out onto the streets Brian. Of all the homes we have purchased and informed the occupants they had to leave, not one of them ended up in a shelter. Save the scare tactics for people who are not in the industry. It is surprising how many people live within the means they can afford when they have to. Add to the fact of all the people living for free now because they are not paying. No they can afford a rental and they are not destitute like you make them out to be.

The bubble was fueled by the govt with foolheartedly policies that allowed for easy credit and allowing PEOPLE WHO HAD NO BUSINESS TO BUY A HOME get into home ownership. The govt fed the institutions the business. To think the govt ever, ever, ever is watching out for people or wants to take care of people is something that eventually you will learn to be far from the truth.

There are so many better ways to help people out but allowing them to live in a home that for all rights is NOT AFFORDABLE and NEVER WAS AFFORDABLE and NEVER WILL BE AFFORDABLE to them is not one of them. Foreclose on the home and let them find a rental with a govt subsidy for rent.

There are far to many people who did not require the govt to “take care of them” and prevent them from being idiots. What was the reward they got? Squat…they did not get squat. The reward is that they now get yoked into bailing out Wall St and letting the poor idiots continue to live in their homes through loan mods.

The only people who really “benefit” are the govt and Wall St.

[SD Realtor]

Sorry Brian,

The govt is not supposed to watch out for us. Should they tell you to not drink? Should they tell you to not go snowboarding down double black diamond runs if you do not know how to? At some point adults need to watch out for themselves. Tens of thousands of people had no business buying a home and would not have been able to had it not been for the govt.

Nobody gets kicked out onto the streets Brian. Of all the homes we have purchased and informed the occupants they had to leave, not one of them ended up in a shelter. Save the scare tactics for people who are not in the industry. It is surprising how many people live within the means they can afford when they have to. Add to the fact of all the people living for free now because they are not paying. No they can afford a rental and they are not destitute like you make them out to be.

The bubble was fueled by the govt with foolheartedly policies that allowed for easy credit and allowing PEOPLE WHO HAD NO BUSINESS TO BUY A HOME get into home ownership. The govt fed the institutions the business. To think the govt ever, ever, ever is watching out for people or wants to take care of people is something that eventually you will learn to be far from the truth.

There are so many better ways to help people out but allowing them to live in a home that for all rights is NOT AFFORDABLE and NEVER WAS AFFORDABLE and NEVER WILL BE AFFORDABLE to them is not one of them. Foreclose on the home and let them find a rental with a govt subsidy for rent.

There are far to many people who did not require the govt to “take care of them” and prevent them from being idiots. What was the reward they got? Squat…they did not get squat. The reward is that they now get yoked into bailing out Wall St and letting the poor idiots continue to live in their homes through loan mods.

The only people who really “benefit” are the govt and Wall St.

[SD Realtor]

Sorry Brian,

The govt is not supposed to watch out for us. Should they tell you to not drink? Should they tell you to not go snowboarding down double black diamond runs if you do not know how to? At some point adults need to watch out for themselves. Tens of thousands of people had no business buying a home and would not have been able to had it not been for the govt.

Nobody gets kicked out onto the streets Brian. Of all the homes we have purchased and informed the occupants they had to leave, not one of them ended up in a shelter. Save the scare tactics for people who are not in the industry. It is surprising how many people live within the means they can afford when they have to. Add to the fact of all the people living for free now because they are not paying. No they can afford a rental and they are not destitute like you make them out to be.

The bubble was fueled by the govt with foolheartedly policies that allowed for easy credit and allowing PEOPLE WHO HAD NO BUSINESS TO BUY A HOME get into home ownership. The govt fed the institutions the business. To think the govt ever, ever, ever is watching out for people or wants to take care of people is something that eventually you will learn to be far from the truth.

There are so many better ways to help people out but allowing them to live in a home that for all rights is NOT AFFORDABLE and NEVER WAS AFFORDABLE and NEVER WILL BE AFFORDABLE to them is not one of them. Foreclose on the home and let them find a rental with a govt subsidy for rent.

There are far to many people who did not require the govt to “take care of them” and prevent them from being idiots. What was the reward they got? Squat…they did not get squat. The reward is that they now get yoked into bailing out Wall St and letting the poor idiots continue to live in their homes through loan mods.

The only people who really “benefit” are the govt and Wall St.

[SD Realtor]

UC yes there are more investors at the auctions then there used to be. How many of them are wannabe verses experienced is something that I cannot gauge. Yes every now and then some people buy for their own occupancy. I had 2 different clients who purchased for owner occupancy in the last year.

[SD Realtor]

UC yes there are more investors at the auctions then there used to be. How many of them are wannabe verses experienced is something that I cannot gauge. Yes every now and then some people buy for their own occupancy. I had 2 different clients who purchased for owner occupancy in the last year.

[SD Realtor]

UC yes there are more investors at the auctions then there used to be. How many of them are wannabe verses experienced is something that I cannot gauge. Yes every now and then some people buy for their own occupancy. I had 2 different clients who purchased for owner occupancy in the last year.

[SD Realtor]

UC yes there are more investors at the auctions then there used to be. How many of them are wannabe verses experienced is something that I cannot gauge. Yes every now and then some people buy for their own occupancy. I had 2 different clients who purchased for owner occupancy in the last year.

[SD Realtor]

UC yes there are more investors at the auctions then there used to be. How many of them are wannabe verses experienced is something that I cannot gauge. Yes every now and then some people buy for their own occupancy. I had 2 different clients who purchased for owner occupancy in the last year.

[jameswenn]

[quote=briansd1]Sounds about right.

I predicted a long period of stagnation that will in essence bring us back to Year 2000 prices.

White collar professional jobs will be hit next.

If you are waiting for lower housing prices (real adjusted prices), be patient and enjoy watching the events unfold before your eyes.

I don’t think that we will have outright deflation, but very low inflation with stagnant wages. That will, over a decade, bring other productive economies’ wages and prices closer to ours.

As long as the wars in Iraq and Afghanistan continue, our economy will suffer. Superimpose the wars’ timeline to the economy and you see our economic decline.

Our leadership has been distracted away from economics to security and we are paying the price.

An American lost decade? Time will tell….

U.S. may face deflation, a problem Japan understands too well
Economists worry that America could be edging closer to the trap that cost the other nation more than a decade of growth.

http://www.latimes.com/business/la-fi-0726-deflation-economy-20100726,0,617505,full.story

[/quote]

San Diego has a lot of government jobs and the government seems to be expanding. You could have a couple that work for the government pulling 65K each, extend themselves with FHA pickup something for 650K keeping the party going.

There’s also the same gov’t workers that bought a long time ago who don’t have to go anywhere.

[jameswenn]

[quote=briansd1]Sounds about right.

I predicted a long period of stagnation that will in essence bring us back to Year 2000 prices.

White collar professional jobs will be hit next.

If you are waiting for lower housing prices (real adjusted prices), be patient and enjoy watching the events unfold before your eyes.

I don’t think that we will have outright deflation, but very low inflation with stagnant wages. That will, over a decade, bring other productive economies’ wages and prices closer to ours.

As long as the wars in Iraq and Afghanistan continue, our economy will suffer. Superimpose the wars’ timeline to the economy and you see our economic decline.

Our leadership has been distracted away from economics to security and we are paying the price.

An American lost decade? Time will tell….

U.S. may face deflation, a problem Japan understands too well
Economists worry that America could be edging closer to the trap that cost the other nation more than a decade of growth.

http://www.latimes.com/business/la-fi-0726-deflation-economy-20100726,0,617505,full.story

[/quote]

San Diego has a lot of government jobs and the government seems to be expanding. You could have a couple that work for the government pulling 65K each, extend themselves with FHA pickup something for 650K keeping the party going.

There’s also the same gov’t workers that bought a long time ago who don’t have to go anywhere.

[jameswenn]

[quote=briansd1]Sounds about right.

I predicted a long period of stagnation that will in essence bring us back to Year 2000 prices.

White collar professional jobs will be hit next.

If you are waiting for lower housing prices (real adjusted prices), be patient and enjoy watching the events unfold before your eyes.

I don’t think that we will have outright deflation, but very low inflation with stagnant wages. That will, over a decade, bring other productive economies’ wages and prices closer to ours.

As long as the wars in Iraq and Afghanistan continue, our economy will suffer. Superimpose the wars’ timeline to the economy and you see our economic decline.

Our leadership has been distracted away from economics to security and we are paying the price.

An American lost decade? Time will tell….

U.S. may face deflation, a problem Japan understands too well
Economists worry that America could be edging closer to the trap that cost the other nation more than a decade of growth.

http://www.latimes.com/business/la-fi-0726-deflation-economy-20100726,0,617505,full.story

[/quote]

San Diego has a lot of government jobs and the government seems to be expanding. You could have a couple that work for the government pulling 65K each, extend themselves with FHA pickup something for 650K keeping the party going.

There’s also the same gov’t workers that bought a long time ago who don’t have to go anywhere.

[jameswenn]

[quote=briansd1]Sounds about right.

I predicted a long period of stagnation that will in essence bring us back to Year 2000 prices.

White collar professional jobs will be hit next.

If you are waiting for lower housing prices (real adjusted prices), be patient and enjoy watching the events unfold before your eyes.

I don’t think that we will have outright deflation, but very low inflation with stagnant wages. That will, over a decade, bring other productive economies’ wages and prices closer to ours.

As long as the wars in Iraq and Afghanistan continue, our economy will suffer. Superimpose the wars’ timeline to the economy and you see our economic decline.

Our leadership has been distracted away from economics to security and we are paying the price.

An American lost decade? Time will tell….

U.S. may face deflation, a problem Japan understands too well
Economists worry that America could be edging closer to the trap that cost the other nation more than a decade of growth.

http://www.latimes.com/business/la-fi-0726-deflation-economy-20100726,0,617505,full.story

[/quote]

San Diego has a lot of government jobs and the government seems to be expanding. You could have a couple that work for the government pulling 65K each, extend themselves with FHA pickup something for 650K keeping the party going.

There’s also the same gov’t workers that bought a long time ago who don’t have to go anywhere.

[Author]

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