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Casca.
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May 4, 2009 at 7:22 PM #393590May 4, 2009 at 7:28 PM #392937
Rt.66
Participant[quote=eclipxe]Yes, we saw a meltdown of GD proportions if not worst. The map is the aftermath. It is the carnage in the streets and us knife catchers are picking up the remains. The bomb went off, everything’s on sale, get them while they’re still selection. You have 5+ years.
If you don’t feel like jumping in, then by all means don’t. Personally I found a home that I love in an area that I love for a price that was cheaper to rent. I am fully aware of the potential for downside losses but I also am fully aware of the amount of government intervention to keep prices at a certain level. Based on that I feel there is not much more room to drop out here. As well as based on tried and true fundamentals.
Carnage? yes. Cleanup and recovery? Slow but sure.[/quote]
Wrong again. The map is not aftermath, most of what you see on there is recent, hence the title of this thread:
“There seems to be an increase in foreclosure listings in Temecula”
It was nearly that bad before (like last summer), then it cleared up a bit from all the moratoriums and now its back in over-drive and getting worse by the week. Lots of the REOs from that first wave are part of the shadow inventory and don’t show up on RT anymore.
Look at the charts in the link I posted above. This is not the old pain that brought the first round of price destruction to your fair city, its a whole new, bigger, badder wave that is just getting started.
Its great that you love your home but that’s different than jumping in and trying to make a case for others to buy or suggesting a bottom is near when the data screams “impossible”. Misery loves company is the only way I can explain the financial side of the TVMOD.
Tried and true fundamentals? Where can I get my copy of “Fundamentals of Investing in RE during a Great Depression Forclosure Crisis”? Or do you have some other source for navagating waters not seen since GD1?
Take a jab at the poll?
May 4, 2009 at 7:28 PM #393198Participant[quote=eclipxe]Yes, we saw a meltdown of GD proportions if not worst. The map is the aftermath. It is the carnage in the streets and us knife catchers are picking up the remains. The bomb went off, everything’s on sale, get them while they’re still selection. You have 5+ years.
If you don’t feel like jumping in, then by all means don’t. Personally I found a home that I love in an area that I love for a price that was cheaper to rent. I am fully aware of the potential for downside losses but I also am fully aware of the amount of government intervention to keep prices at a certain level. Based on that I feel there is not much more room to drop out here. As well as based on tried and true fundamentals.
Carnage? yes. Cleanup and recovery? Slow but sure.[/quote]
Wrong again. The map is not aftermath, most of what you see on there is recent, hence the title of this thread:
“There seems to be an increase in foreclosure listings in Temecula”
It was nearly that bad before (like last summer), then it cleared up a bit from all the moratoriums and now its back in over-drive and getting worse by the week. Lots of the REOs from that first wave are part of the shadow inventory and don’t show up on RT anymore.
Look at the charts in the link I posted above. This is not the old pain that brought the first round of price destruction to your fair city, its a whole new, bigger, badder wave that is just getting started.
Its great that you love your home but that’s different than jumping in and trying to make a case for others to buy or suggesting a bottom is near when the data screams “impossible”. Misery loves company is the only way I can explain the financial side of the TVMOD.
Tried and true fundamentals? Where can I get my copy of “Fundamentals of Investing in RE during a Great Depression Forclosure Crisis”? Or do you have some other source for navagating waters not seen since GD1?
Take a jab at the poll?
May 4, 2009 at 7:28 PM #393406Participant[quote=eclipxe]Yes, we saw a meltdown of GD proportions if not worst. The map is the aftermath. It is the carnage in the streets and us knife catchers are picking up the remains. The bomb went off, everything’s on sale, get them while they’re still selection. You have 5+ years.
If you don’t feel like jumping in, then by all means don’t. Personally I found a home that I love in an area that I love for a price that was cheaper to rent. I am fully aware of the potential for downside losses but I also am fully aware of the amount of government intervention to keep prices at a certain level. Based on that I feel there is not much more room to drop out here. As well as based on tried and true fundamentals.
Carnage? yes. Cleanup and recovery? Slow but sure.[/quote]
Wrong again. The map is not aftermath, most of what you see on there is recent, hence the title of this thread:
“There seems to be an increase in foreclosure listings in Temecula”
It was nearly that bad before (like last summer), then it cleared up a bit from all the moratoriums and now its back in over-drive and getting worse by the week. Lots of the REOs from that first wave are part of the shadow inventory and don’t show up on RT anymore.
Look at the charts in the link I posted above. This is not the old pain that brought the first round of price destruction to your fair city, its a whole new, bigger, badder wave that is just getting started.
Its great that you love your home but that’s different than jumping in and trying to make a case for others to buy or suggesting a bottom is near when the data screams “impossible”. Misery loves company is the only way I can explain the financial side of the TVMOD.
Tried and true fundamentals? Where can I get my copy of “Fundamentals of Investing in RE during a Great Depression Forclosure Crisis”? Or do you have some other source for navagating waters not seen since GD1?
Take a jab at the poll?
May 4, 2009 at 7:28 PM #393460Participant[quote=eclipxe]Yes, we saw a meltdown of GD proportions if not worst. The map is the aftermath. It is the carnage in the streets and us knife catchers are picking up the remains. The bomb went off, everything’s on sale, get them while they’re still selection. You have 5+ years.
If you don’t feel like jumping in, then by all means don’t. Personally I found a home that I love in an area that I love for a price that was cheaper to rent. I am fully aware of the potential for downside losses but I also am fully aware of the amount of government intervention to keep prices at a certain level. Based on that I feel there is not much more room to drop out here. As well as based on tried and true fundamentals.
Carnage? yes. Cleanup and recovery? Slow but sure.[/quote]
Wrong again. The map is not aftermath, most of what you see on there is recent, hence the title of this thread:
“There seems to be an increase in foreclosure listings in Temecula”
It was nearly that bad before (like last summer), then it cleared up a bit from all the moratoriums and now its back in over-drive and getting worse by the week. Lots of the REOs from that first wave are part of the shadow inventory and don’t show up on RT anymore.
Look at the charts in the link I posted above. This is not the old pain that brought the first round of price destruction to your fair city, its a whole new, bigger, badder wave that is just getting started.
Its great that you love your home but that’s different than jumping in and trying to make a case for others to buy or suggesting a bottom is near when the data screams “impossible”. Misery loves company is the only way I can explain the financial side of the TVMOD.
Tried and true fundamentals? Where can I get my copy of “Fundamentals of Investing in RE during a Great Depression Forclosure Crisis”? Or do you have some other source for navagating waters not seen since GD1?
Take a jab at the poll?
May 4, 2009 at 7:28 PM #393600Participant[quote=eclipxe]Yes, we saw a meltdown of GD proportions if not worst. The map is the aftermath. It is the carnage in the streets and us knife catchers are picking up the remains. The bomb went off, everything’s on sale, get them while they’re still selection. You have 5+ years.
If you don’t feel like jumping in, then by all means don’t. Personally I found a home that I love in an area that I love for a price that was cheaper to rent. I am fully aware of the potential for downside losses but I also am fully aware of the amount of government intervention to keep prices at a certain level. Based on that I feel there is not much more room to drop out here. As well as based on tried and true fundamentals.
Carnage? yes. Cleanup and recovery? Slow but sure.[/quote]
Wrong again. The map is not aftermath, most of what you see on there is recent, hence the title of this thread:
“There seems to be an increase in foreclosure listings in Temecula”
It was nearly that bad before (like last summer), then it cleared up a bit from all the moratoriums and now its back in over-drive and getting worse by the week. Lots of the REOs from that first wave are part of the shadow inventory and don’t show up on RT anymore.
Look at the charts in the link I posted above. This is not the old pain that brought the first round of price destruction to your fair city, its a whole new, bigger, badder wave that is just getting started.
Its great that you love your home but that’s different than jumping in and trying to make a case for others to buy or suggesting a bottom is near when the data screams “impossible”. Misery loves company is the only way I can explain the financial side of the TVMOD.
Tried and true fundamentals? Where can I get my copy of “Fundamentals of Investing in RE during a Great Depression Forclosure Crisis”? Or do you have some other source for navagating waters not seen since GD1?
Take a jab at the poll?
May 4, 2009 at 8:13 PM #392942Arraya
ParticipantOne word: Deflation-(employment and wage)
It’s happening
No area is immune
It’s an observable fact
You can’t get around this
It negates any housing bottom
Post-deflation will most likely be worse….
And this will blow up in our faces too…
from WSJ:
Last year banks issued $180 billion of new mortgages insured by the FHA, which means they carry a 100% taxpayer guarantee. Many of these have the same characteristics as subprime loans: low downpayment requirements, high-risk borrowers, and in many cases shady mortgage originators. FHA now insures nearly one of every three new mortgages, up from 2% in 2006.
May 4, 2009 at 8:13 PM #393203ParticipantOne word: Deflation-(employment and wage)
It’s happening
No area is immune
It’s an observable fact
You can’t get around this
It negates any housing bottom
Post-deflation will most likely be worse….
And this will blow up in our faces too…
from WSJ:
Last year banks issued $180 billion of new mortgages insured by the FHA, which means they carry a 100% taxpayer guarantee. Many of these have the same characteristics as subprime loans: low downpayment requirements, high-risk borrowers, and in many cases shady mortgage originators. FHA now insures nearly one of every three new mortgages, up from 2% in 2006.
May 4, 2009 at 8:13 PM #393411ParticipantOne word: Deflation-(employment and wage)
It’s happening
No area is immune
It’s an observable fact
You can’t get around this
It negates any housing bottom
Post-deflation will most likely be worse….
And this will blow up in our faces too…
from WSJ:
Last year banks issued $180 billion of new mortgages insured by the FHA, which means they carry a 100% taxpayer guarantee. Many of these have the same characteristics as subprime loans: low downpayment requirements, high-risk borrowers, and in many cases shady mortgage originators. FHA now insures nearly one of every three new mortgages, up from 2% in 2006.
May 4, 2009 at 8:13 PM #393465ParticipantOne word: Deflation-(employment and wage)
It’s happening
No area is immune
It’s an observable fact
You can’t get around this
It negates any housing bottom
Post-deflation will most likely be worse….
And this will blow up in our faces too…
from WSJ:
Last year banks issued $180 billion of new mortgages insured by the FHA, which means they carry a 100% taxpayer guarantee. Many of these have the same characteristics as subprime loans: low downpayment requirements, high-risk borrowers, and in many cases shady mortgage originators. FHA now insures nearly one of every three new mortgages, up from 2% in 2006.
May 4, 2009 at 8:13 PM #393605ParticipantOne word: Deflation-(employment and wage)
It’s happening
No area is immune
It’s an observable fact
You can’t get around this
It negates any housing bottom
Post-deflation will most likely be worse….
And this will blow up in our faces too…
from WSJ:
Last year banks issued $180 billion of new mortgages insured by the FHA, which means they carry a 100% taxpayer guarantee. Many of these have the same characteristics as subprime loans: low downpayment requirements, high-risk borrowers, and in many cases shady mortgage originators. FHA now insures nearly one of every three new mortgages, up from 2% in 2006.
May 4, 2009 at 8:30 PM #392952ParticipantThe B.A.T. (Bottom Arrestors of Temecula) signal goes unanswered.
The gleaming PF Changs stallion in the sky goes ignored by your charismatic leader TG.
How will the TVMOD squad flourish? Temecula may fall into the evil grasps of data and reason?
Will the hero of TV’s fingerless hordes return? Stay tuned folks, same BAT time same BAT channel!
May 4, 2009 at 8:30 PM #393213ParticipantThe B.A.T. (Bottom Arrestors of Temecula) signal goes unanswered.
The gleaming PF Changs stallion in the sky goes ignored by your charismatic leader TG.
How will the TVMOD squad flourish? Temecula may fall into the evil grasps of data and reason?
Will the hero of TV’s fingerless hordes return? Stay tuned folks, same BAT time same BAT channel!
May 4, 2009 at 8:30 PM #393421ParticipantThe B.A.T. (Bottom Arrestors of Temecula) signal goes unanswered.
The gleaming PF Changs stallion in the sky goes ignored by your charismatic leader TG.
How will the TVMOD squad flourish? Temecula may fall into the evil grasps of data and reason?
Will the hero of TV’s fingerless hordes return? Stay tuned folks, same BAT time same BAT channel!
May 4, 2009 at 8:30 PM #393475ParticipantThe B.A.T. (Bottom Arrestors of Temecula) signal goes unanswered.
The gleaming PF Changs stallion in the sky goes ignored by your charismatic leader TG.
How will the TVMOD squad flourish? Temecula may fall into the evil grasps of data and reason?
Will the hero of TV’s fingerless hordes return? Stay tuned folks, same BAT time same BAT channel!
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