the next big step down is coming to mid/high-end areas near you

[sdrealtor]

jp
Your gonna make yourself crazy trying to follow this on a daily basis. This is a marathon not a sprint race. Everyday you could find hope and dismay in an “email from an extremely reliable source”.

Go to the beach….listen to some nice music…..have a glass of something good…your day will come. What it will look like is probably very different than what you or I expect but come it will…..just not tommorrow.

[Huckleberry]

It doesn’t matter how much, nor how many tactics the gov’t and banks try to keep home prices high. Income levels still do not support the high prices in the mid to upper tier!

No exotic loan products, and full doc requirements, in addition to unemployment will completely nullify all of their efforts…

[Huckleberry]

It doesn’t matter how much, nor how many tactics the gov’t and banks try to keep home prices high. Income levels still do not support the high prices in the mid to upper tier!

No exotic loan products, and full doc requirements, in addition to unemployment will completely nullify all of their efforts…

[Huckleberry]

It doesn’t matter how much, nor how many tactics the gov’t and banks try to keep home prices high. Income levels still do not support the high prices in the mid to upper tier!

No exotic loan products, and full doc requirements, in addition to unemployment will completely nullify all of their efforts…

[Huckleberry]

It doesn’t matter how much, nor how many tactics the gov’t and banks try to keep home prices high. Income levels still do not support the high prices in the mid to upper tier!

No exotic loan products, and full doc requirements, in addition to unemployment will completely nullify all of their efforts…

[Huckleberry]

It doesn’t matter how much, nor how many tactics the gov’t and banks try to keep home prices high. Income levels still do not support the high prices in the mid to upper tier!

No exotic loan products, and full doc requirements, in addition to unemployment will completely nullify all of their efforts…

[jpinpb]

So here’s the link I was able to get from Mr. Mortgage:

FHFA Foreclosure Prevention release

The 150k was in CA for just Q1. The 24k loan mods were nationwide.

[jpinpb]

So here’s the link I was able to get from Mr. Mortgage:

FHFA Foreclosure Prevention release

The 150k was in CA for just Q1. The 24k loan mods were nationwide.

[jpinpb]

So here’s the link I was able to get from Mr. Mortgage:

FHFA Foreclosure Prevention release

The 150k was in CA for just Q1. The 24k loan mods were nationwide.

[jpinpb]

So here’s the link I was able to get from Mr. Mortgage:

FHFA Foreclosure Prevention release

The 150k was in CA for just Q1. The 24k loan mods were nationwide.

[jpinpb]

So here’s the link I was able to get from Mr. Mortgage:

FHFA Foreclosure Prevention release

The 150k was in CA for just Q1. The 24k loan mods were nationwide.

[Coronita]

[quote=Huckleberry]It doesn’t matter how much, nor how many tactics the gov’t and banks try to keep home prices high. Income levels still do not support the high prices in the mid to upper tier!

No exotic loan products, and full doc requirements, in addition to unemployment will completely nullify all of their efforts…[/quote]

Just curious…
So I here the statement “income levels don’t support the high prices” a lot?

Is there data on some of these area that current homeowners’ income in current higher priced areas like RSF/LJ/CV/Encintas cannot support these high prices in the majority?

Just curious. For instance, I know my income can’t support a 2 million dollar home, but that doesn’t mean someone else’s can’t. Sorry, not trying to be an ass here. Just where is the data specifically for residence in some of these higher cost areas?

Please don’t point me to the average income numbers in san diego county. I doubt someone with a houshold income in $60k would be seriously looking for a home in some of these higher cost areas.

I’m not suggesting it can nor that higher cost areas aren’t going to come down (it will), just where is the data from current higher cost area residents in majority cannot support these higher prices?

[Coronita]

[quote=Huckleberry]It doesn’t matter how much, nor how many tactics the gov’t and banks try to keep home prices high. Income levels still do not support the high prices in the mid to upper tier!

No exotic loan products, and full doc requirements, in addition to unemployment will completely nullify all of their efforts…[/quote]

Just curious…
So I here the statement “income levels don’t support the high prices” a lot?

Is there data on some of these area that current homeowners’ income in current higher priced areas like RSF/LJ/CV/Encintas cannot support these high prices in the majority?

Just curious. For instance, I know my income can’t support a 2 million dollar home, but that doesn’t mean someone else’s can’t. Sorry, not trying to be an ass here. Just where is the data specifically for residence in some of these higher cost areas?

Please don’t point me to the average income numbers in san diego county. I doubt someone with a houshold income in $60k would be seriously looking for a home in some of these higher cost areas.

I’m not suggesting it can nor that higher cost areas aren’t going to come down (it will), just where is the data from current higher cost area residents in majority cannot support these higher prices?

[Coronita]

[quote=Huckleberry]It doesn’t matter how much, nor how many tactics the gov’t and banks try to keep home prices high. Income levels still do not support the high prices in the mid to upper tier!

No exotic loan products, and full doc requirements, in addition to unemployment will completely nullify all of their efforts…[/quote]

Just curious…
So I here the statement “income levels don’t support the high prices” a lot?

Is there data on some of these area that current homeowners’ income in current higher priced areas like RSF/LJ/CV/Encintas cannot support these high prices in the majority?

Just curious. For instance, I know my income can’t support a 2 million dollar home, but that doesn’t mean someone else’s can’t. Sorry, not trying to be an ass here. Just where is the data specifically for residence in some of these higher cost areas?

Please don’t point me to the average income numbers in san diego county. I doubt someone with a houshold income in $60k would be seriously looking for a home in some of these higher cost areas.

I’m not suggesting it can nor that higher cost areas aren’t going to come down (it will), just where is the data from current higher cost area residents in majority cannot support these higher prices?

[Coronita]

[quote=Huckleberry]It doesn’t matter how much, nor how many tactics the gov’t and banks try to keep home prices high. Income levels still do not support the high prices in the mid to upper tier!

No exotic loan products, and full doc requirements, in addition to unemployment will completely nullify all of their efforts…[/quote]

Just curious…
So I here the statement “income levels don’t support the high prices” a lot?

Is there data on some of these area that current homeowners’ income in current higher priced areas like RSF/LJ/CV/Encintas cannot support these high prices in the majority?

Just curious. For instance, I know my income can’t support a 2 million dollar home, but that doesn’t mean someone else’s can’t. Sorry, not trying to be an ass here. Just where is the data specifically for residence in some of these higher cost areas?

Please don’t point me to the average income numbers in san diego county. I doubt someone with a houshold income in $60k would be seriously looking for a home in some of these higher cost areas.

I’m not suggesting it can nor that higher cost areas aren’t going to come down (it will), just where is the data from current higher cost area residents in majority cannot support these higher prices?

[Author]

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