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April 3, 2011 at 7:18 PM #18692April 4, 2011 at 12:38 PM #683245barnaby33Participant
It probably still applies in terms of peoples ability to service the illusion of home ownership. It does not apply in that its corollary to predict foreclosures has proven to be somewhat problematic.
Way back when, we all just assumed to rule of law applied, banks would foreclose and prices would decline. Well, we were (those of use who so believed) wrong.
It turns out that while the foreclosure numbers are staggeringly high, at least in San Diego that has not translated into improved market conditions and or affordability.
April 4, 2011 at 12:38 PM #684421barnaby33ParticipantIt probably still applies in terms of peoples ability to service the illusion of home ownership. It does not apply in that its corollary to predict foreclosures has proven to be somewhat problematic.
Way back when, we all just assumed to rule of law applied, banks would foreclose and prices would decline. Well, we were (those of use who so believed) wrong.
It turns out that while the foreclosure numbers are staggeringly high, at least in San Diego that has not translated into improved market conditions and or affordability.
April 4, 2011 at 12:38 PM #684065barnaby33ParticipantIt probably still applies in terms of peoples ability to service the illusion of home ownership. It does not apply in that its corollary to predict foreclosures has proven to be somewhat problematic.
Way back when, we all just assumed to rule of law applied, banks would foreclose and prices would decline. Well, we were (those of use who so believed) wrong.
It turns out that while the foreclosure numbers are staggeringly high, at least in San Diego that has not translated into improved market conditions and or affordability.
April 4, 2011 at 12:38 PM #683925barnaby33ParticipantIt probably still applies in terms of peoples ability to service the illusion of home ownership. It does not apply in that its corollary to predict foreclosures has proven to be somewhat problematic.
Way back when, we all just assumed to rule of law applied, banks would foreclose and prices would decline. Well, we were (those of use who so believed) wrong.
It turns out that while the foreclosure numbers are staggeringly high, at least in San Diego that has not translated into improved market conditions and or affordability.
April 4, 2011 at 12:38 PM #683297barnaby33ParticipantIt probably still applies in terms of peoples ability to service the illusion of home ownership. It does not apply in that its corollary to predict foreclosures has proven to be somewhat problematic.
Way back when, we all just assumed to rule of law applied, banks would foreclose and prices would decline. Well, we were (those of use who so believed) wrong.
It turns out that while the foreclosure numbers are staggeringly high, at least in San Diego that has not translated into improved market conditions and or affordability.
April 4, 2011 at 1:07 PM #683317speakerParticipantI have seen that graph updated on various blogs, but with the majority of the graph having shifted to the right to account for all the different loan mod programs instituted by the government. The net result being that instead of a 2011 timeframe it is now a 2012-2013 time frame.
April 4, 2011 at 1:07 PM #684441speakerParticipantI have seen that graph updated on various blogs, but with the majority of the graph having shifted to the right to account for all the different loan mod programs instituted by the government. The net result being that instead of a 2011 timeframe it is now a 2012-2013 time frame.
April 4, 2011 at 1:07 PM #684087speakerParticipantI have seen that graph updated on various blogs, but with the majority of the graph having shifted to the right to account for all the different loan mod programs instituted by the government. The net result being that instead of a 2011 timeframe it is now a 2012-2013 time frame.
April 4, 2011 at 1:07 PM #683264speakerParticipantI have seen that graph updated on various blogs, but with the majority of the graph having shifted to the right to account for all the different loan mod programs instituted by the government. The net result being that instead of a 2011 timeframe it is now a 2012-2013 time frame.
April 4, 2011 at 1:07 PM #683945speakerParticipantI have seen that graph updated on various blogs, but with the majority of the graph having shifted to the right to account for all the different loan mod programs instituted by the government. The net result being that instead of a 2011 timeframe it is now a 2012-2013 time frame.
April 4, 2011 at 1:13 PM #683279(former)FormerSanDieganParticipant[quote=barnaby33]It turns out that while the foreclosure numbers are staggeringly high, at least in San Diego that has not translated into improved market conditions and or affordability.[/quote]
au contraire. Affordability in San Diego has greatly improved over the past 5 years.
April 4, 2011 at 1:13 PM #683960(former)FormerSanDieganParticipant[quote=barnaby33]It turns out that while the foreclosure numbers are staggeringly high, at least in San Diego that has not translated into improved market conditions and or affordability.[/quote]
au contraire. Affordability in San Diego has greatly improved over the past 5 years.
April 4, 2011 at 1:13 PM #683332(former)FormerSanDieganParticipant[quote=barnaby33]It turns out that while the foreclosure numbers are staggeringly high, at least in San Diego that has not translated into improved market conditions and or affordability.[/quote]
au contraire. Affordability in San Diego has greatly improved over the past 5 years.
April 4, 2011 at 1:13 PM #684102(former)FormerSanDieganParticipant[quote=barnaby33]It turns out that while the foreclosure numbers are staggeringly high, at least in San Diego that has not translated into improved market conditions and or affordability.[/quote]
au contraire. Affordability in San Diego has greatly improved over the past 5 years.
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