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Casca.
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May 4, 2009 at 2:50 PM #393427May 4, 2009 at 3:01 PM #392767
Rt.66
Participant[quote=eclipxe]
That picture would bleak to me if homes weren’t being bid on beyond asking and weren’t selling.The guy that bought 6 months ago? Who knows. I’m the guy that bought 4 months ago and recent comps show me up $40k. I take that with a grain of salt however, just as I take the RealtyTrac images and your pessimism with a grain of salt.
What’s your agenda?
You’re offering your perspective which is interesting and I am countering with my experience and outlook. We can both twist the data to fit our own agendas but it all comes down to being honest and accurate. You are providing your data as a warning and I provide my data as a counter. It is what it is.
Cheers![/quote]
You do know that the banks are not selling even a tiny, tiny portion of those REOs right now don’t you? Thus people bid on the one or two they do sell. Its a temporary condition orchestrated by bankers to over-charge and to amputate fingers.
If you are up $40k you should sell right now and buy back in 6 months for $50k less and be up $90k.
My agenda? I’m just trying to help people keep their fingers attached.
I have twisted no data. There is no need to twist, tweak, alter or exagerate when all the news and data is horrible.
If that map is your counter arguement then I would have hated to have you on my debate team.
You are probably a nice enough person, but Temecula is a train wreck happening right now in front of our eyes.
May 4, 2009 at 3:01 PM #393030Participant[quote=eclipxe]
That picture would bleak to me if homes weren’t being bid on beyond asking and weren’t selling.The guy that bought 6 months ago? Who knows. I’m the guy that bought 4 months ago and recent comps show me up $40k. I take that with a grain of salt however, just as I take the RealtyTrac images and your pessimism with a grain of salt.
What’s your agenda?
You’re offering your perspective which is interesting and I am countering with my experience and outlook. We can both twist the data to fit our own agendas but it all comes down to being honest and accurate. You are providing your data as a warning and I provide my data as a counter. It is what it is.
Cheers![/quote]
You do know that the banks are not selling even a tiny, tiny portion of those REOs right now don’t you? Thus people bid on the one or two they do sell. Its a temporary condition orchestrated by bankers to over-charge and to amputate fingers.
If you are up $40k you should sell right now and buy back in 6 months for $50k less and be up $90k.
My agenda? I’m just trying to help people keep their fingers attached.
I have twisted no data. There is no need to twist, tweak, alter or exagerate when all the news and data is horrible.
If that map is your counter arguement then I would have hated to have you on my debate team.
You are probably a nice enough person, but Temecula is a train wreck happening right now in front of our eyes.
May 4, 2009 at 3:01 PM #393240Participant[quote=eclipxe]
That picture would bleak to me if homes weren’t being bid on beyond asking and weren’t selling.The guy that bought 6 months ago? Who knows. I’m the guy that bought 4 months ago and recent comps show me up $40k. I take that with a grain of salt however, just as I take the RealtyTrac images and your pessimism with a grain of salt.
What’s your agenda?
You’re offering your perspective which is interesting and I am countering with my experience and outlook. We can both twist the data to fit our own agendas but it all comes down to being honest and accurate. You are providing your data as a warning and I provide my data as a counter. It is what it is.
Cheers![/quote]
You do know that the banks are not selling even a tiny, tiny portion of those REOs right now don’t you? Thus people bid on the one or two they do sell. Its a temporary condition orchestrated by bankers to over-charge and to amputate fingers.
If you are up $40k you should sell right now and buy back in 6 months for $50k less and be up $90k.
My agenda? I’m just trying to help people keep their fingers attached.
I have twisted no data. There is no need to twist, tweak, alter or exagerate when all the news and data is horrible.
If that map is your counter arguement then I would have hated to have you on my debate team.
You are probably a nice enough person, but Temecula is a train wreck happening right now in front of our eyes.
May 4, 2009 at 3:01 PM #393292Participant[quote=eclipxe]
That picture would bleak to me if homes weren’t being bid on beyond asking and weren’t selling.The guy that bought 6 months ago? Who knows. I’m the guy that bought 4 months ago and recent comps show me up $40k. I take that with a grain of salt however, just as I take the RealtyTrac images and your pessimism with a grain of salt.
What’s your agenda?
You’re offering your perspective which is interesting and I am countering with my experience and outlook. We can both twist the data to fit our own agendas but it all comes down to being honest and accurate. You are providing your data as a warning and I provide my data as a counter. It is what it is.
Cheers![/quote]
You do know that the banks are not selling even a tiny, tiny portion of those REOs right now don’t you? Thus people bid on the one or two they do sell. Its a temporary condition orchestrated by bankers to over-charge and to amputate fingers.
If you are up $40k you should sell right now and buy back in 6 months for $50k less and be up $90k.
My agenda? I’m just trying to help people keep their fingers attached.
I have twisted no data. There is no need to twist, tweak, alter or exagerate when all the news and data is horrible.
If that map is your counter arguement then I would have hated to have you on my debate team.
You are probably a nice enough person, but Temecula is a train wreck happening right now in front of our eyes.
May 4, 2009 at 3:01 PM #393432Participant[quote=eclipxe]
That picture would bleak to me if homes weren’t being bid on beyond asking and weren’t selling.The guy that bought 6 months ago? Who knows. I’m the guy that bought 4 months ago and recent comps show me up $40k. I take that with a grain of salt however, just as I take the RealtyTrac images and your pessimism with a grain of salt.
What’s your agenda?
You’re offering your perspective which is interesting and I am countering with my experience and outlook. We can both twist the data to fit our own agendas but it all comes down to being honest and accurate. You are providing your data as a warning and I provide my data as a counter. It is what it is.
Cheers![/quote]
You do know that the banks are not selling even a tiny, tiny portion of those REOs right now don’t you? Thus people bid on the one or two they do sell. Its a temporary condition orchestrated by bankers to over-charge and to amputate fingers.
If you are up $40k you should sell right now and buy back in 6 months for $50k less and be up $90k.
My agenda? I’m just trying to help people keep their fingers attached.
I have twisted no data. There is no need to twist, tweak, alter or exagerate when all the news and data is horrible.
If that map is your counter arguement then I would have hated to have you on my debate team.
You are probably a nice enough person, but Temecula is a train wreck happening right now in front of our eyes.
May 4, 2009 at 3:10 PM #392772
CoronitaParticipantdeleted. never mind.
May 4, 2009 at 3:10 PM #393035CoronitaParticipantdeleted. never mind.
May 4, 2009 at 3:10 PM #393245CoronitaParticipantdeleted. never mind.
May 4, 2009 at 3:10 PM #393297CoronitaParticipantdeleted. never mind.
May 4, 2009 at 3:10 PM #393437CoronitaParticipantdeleted. never mind.
May 4, 2009 at 3:52 PM #392782eclipxe
ParticipantYes, the banks aren’t selling the REOs. It is a permanent condition as long as *we*, the taxpayers continue to offset the huge losses the banks are taking with our tax dollars. There is no indication that will stop. Look at the reality of the situation vs. what you’d like to believe.
I’m not up 40k and I’m not going to be down 50k in six months. I have no intention on selling anytime soon so my current equity position is of very little importance to me. My monthly costs are cheaper than renting, significantly cheaper after factoring in tax savings. 40k up, 100k down, big deal.
My map isn’t my counter argument. My map is what it is. We’ve already established that you need to take a look at the specific local picture rather than just look at raw numbers and macro economic outlines. All of those foreclosed lots? Those skew the number of REO’s significantly but has very little impact on overall prices. But of course raw numbers and pretty pictures don’t illustrate that.
Train wreck? Hardly. The train wreck was 2006 when we dropped 55%. This is the aftermath. This is the slow and steady cleanup and bottom.
More datapoints: job openings.
I’d give credence to your argument is this list was 0.May 4, 2009 at 3:52 PM #393045ParticipantYes, the banks aren’t selling the REOs. It is a permanent condition as long as *we*, the taxpayers continue to offset the huge losses the banks are taking with our tax dollars. There is no indication that will stop. Look at the reality of the situation vs. what you’d like to believe.
I’m not up 40k and I’m not going to be down 50k in six months. I have no intention on selling anytime soon so my current equity position is of very little importance to me. My monthly costs are cheaper than renting, significantly cheaper after factoring in tax savings. 40k up, 100k down, big deal.
My map isn’t my counter argument. My map is what it is. We’ve already established that you need to take a look at the specific local picture rather than just look at raw numbers and macro economic outlines. All of those foreclosed lots? Those skew the number of REO’s significantly but has very little impact on overall prices. But of course raw numbers and pretty pictures don’t illustrate that.
Train wreck? Hardly. The train wreck was 2006 when we dropped 55%. This is the aftermath. This is the slow and steady cleanup and bottom.
More datapoints: job openings.
I’d give credence to your argument is this list was 0.May 4, 2009 at 3:52 PM #393255ParticipantYes, the banks aren’t selling the REOs. It is a permanent condition as long as *we*, the taxpayers continue to offset the huge losses the banks are taking with our tax dollars. There is no indication that will stop. Look at the reality of the situation vs. what you’d like to believe.
I’m not up 40k and I’m not going to be down 50k in six months. I have no intention on selling anytime soon so my current equity position is of very little importance to me. My monthly costs are cheaper than renting, significantly cheaper after factoring in tax savings. 40k up, 100k down, big deal.
My map isn’t my counter argument. My map is what it is. We’ve already established that you need to take a look at the specific local picture rather than just look at raw numbers and macro economic outlines. All of those foreclosed lots? Those skew the number of REO’s significantly but has very little impact on overall prices. But of course raw numbers and pretty pictures don’t illustrate that.
Train wreck? Hardly. The train wreck was 2006 when we dropped 55%. This is the aftermath. This is the slow and steady cleanup and bottom.
More datapoints: job openings.
I’d give credence to your argument is this list was 0.May 4, 2009 at 3:52 PM #393307ParticipantYes, the banks aren’t selling the REOs. It is a permanent condition as long as *we*, the taxpayers continue to offset the huge losses the banks are taking with our tax dollars. There is no indication that will stop. Look at the reality of the situation vs. what you’d like to believe.
I’m not up 40k and I’m not going to be down 50k in six months. I have no intention on selling anytime soon so my current equity position is of very little importance to me. My monthly costs are cheaper than renting, significantly cheaper after factoring in tax savings. 40k up, 100k down, big deal.
My map isn’t my counter argument. My map is what it is. We’ve already established that you need to take a look at the specific local picture rather than just look at raw numbers and macro economic outlines. All of those foreclosed lots? Those skew the number of REO’s significantly but has very little impact on overall prices. But of course raw numbers and pretty pictures don’t illustrate that.
Train wreck? Hardly. The train wreck was 2006 when we dropped 55%. This is the aftermath. This is the slow and steady cleanup and bottom.
More datapoints: job openings.
I’d give credence to your argument is this list was 0. -
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