There seems to be an increase in foreclosure listings inTemecula

[eclipxe]

[quote=Rt.66]”permanent condition” huh? I’m sure you are right, why wouldn’t the banks hold onto thousands of foreclosed houses permanent like? Maybe they’ll just bulldoze them?

“I’m the guy that bought 4 months ago and recent comps show me up $40k.”

Dude are you up $40k or not?

You searched out a little chunk of TV that had foreclosed lots in the picture and somehow those lots “skew the numbers”? Ok, I’ll go along, YOUR map shows 240 REOs, there are 20 empty lots so now we are down to a non-disaster number of 220 REOs on just those few streets? 220, yeah that’s much better, sorry I said anything.

220 in just a few streets at the beginning of an ARM meltdown, sure looks like a bottom.[/quote]

I’m not up anything. I stated that recent comps show my value up $40k, but I have not realized those gains in real dollars.

I searched out *my* neighborhood that just happened to illustrate some of the misleading data from RealtyTrac. You asked for me to post a shot, I have nothing to hide. Post a shot of your neighborhood?

To be accurate, it is not in Temecula. I’m actually in an unincorporated part (Murrieta address, Temecula schools). I consider this area to be inferior to Temecula’s core and the nicer parts of South Temecula/Redhawk/Morgan Hill. That map also includes several condos, so the density has to be taken into mind.

[Arraya]

Spin-cycle is set on high.

Once again we have been treated to a form of news spin that borders on propaganda.

This time the information comes from the National Association of Realtors, or NAR, a group which long ago fell out of my favor for their tendency to churn out poor quality sampled “data” that was invariably out of step with reality.

And always out of step in the same direction it goes without saying; to the positive. After being thoroughly discredited during the popping phase of the housing bubble you might think that the US media would be a little bit more cautious running NAR “data” without providing some sort of context or caveats. You’d be wrong.

Here’s the latest:
http://www.chrismartenson.com/blog/pending-home-sales-–-spin-cycle-set-“high”/18248

[Arraya]

Spin-cycle is set on high.

Once again we have been treated to a form of news spin that borders on propaganda.

This time the information comes from the National Association of Realtors, or NAR, a group which long ago fell out of my favor for their tendency to churn out poor quality sampled “data” that was invariably out of step with reality.

And always out of step in the same direction it goes without saying; to the positive. After being thoroughly discredited during the popping phase of the housing bubble you might think that the US media would be a little bit more cautious running NAR “data” without providing some sort of context or caveats. You’d be wrong.

Here’s the latest:
http://www.chrismartenson.com/blog/pending-home-sales-–-spin-cycle-set-“high”/18248

[Arraya]

Spin-cycle is set on high.

Once again we have been treated to a form of news spin that borders on propaganda.

This time the information comes from the National Association of Realtors, or NAR, a group which long ago fell out of my favor for their tendency to churn out poor quality sampled “data” that was invariably out of step with reality.

And always out of step in the same direction it goes without saying; to the positive. After being thoroughly discredited during the popping phase of the housing bubble you might think that the US media would be a little bit more cautious running NAR “data” without providing some sort of context or caveats. You’d be wrong.

Here’s the latest:
http://www.chrismartenson.com/blog/pending-home-sales-–-spin-cycle-set-“high”/18248

[Arraya]

Spin-cycle is set on high.

Once again we have been treated to a form of news spin that borders on propaganda.

This time the information comes from the National Association of Realtors, or NAR, a group which long ago fell out of my favor for their tendency to churn out poor quality sampled “data” that was invariably out of step with reality.

And always out of step in the same direction it goes without saying; to the positive. After being thoroughly discredited during the popping phase of the housing bubble you might think that the US media would be a little bit more cautious running NAR “data” without providing some sort of context or caveats. You’d be wrong.

Here’s the latest:
http://www.chrismartenson.com/blog/pending-home-sales-–-spin-cycle-set-“high”/18248

[Arraya]

Spin-cycle is set on high.

Once again we have been treated to a form of news spin that borders on propaganda.

This time the information comes from the National Association of Realtors, or NAR, a group which long ago fell out of my favor for their tendency to churn out poor quality sampled “data” that was invariably out of step with reality.

And always out of step in the same direction it goes without saying; to the positive. After being thoroughly discredited during the popping phase of the housing bubble you might think that the US media would be a little bit more cautious running NAR “data” without providing some sort of context or caveats. You’d be wrong.

Here’s the latest:
http://www.chrismartenson.com/blog/pending-home-sales-–-spin-cycle-set-“high”/18248

[eclipxe]

And to that end I think we’ve both made our points clear and it doesn’t make sense to debate the issue any further here. We’ll revisit this thread in 2012 and one of us will be right.

😉

[eclipxe]

And to that end I think we’ve both made our points clear and it doesn’t make sense to debate the issue any further here. We’ll revisit this thread in 2012 and one of us will be right.

😉

[eclipxe]

And to that end I think we’ve both made our points clear and it doesn’t make sense to debate the issue any further here. We’ll revisit this thread in 2012 and one of us will be right.

😉

[eclipxe]

And to that end I think we’ve both made our points clear and it doesn’t make sense to debate the issue any further here. We’ll revisit this thread in 2012 and one of us will be right.

😉

[eclipxe]

And to that end I think we’ve both made our points clear and it doesn’t make sense to debate the issue any further here. We’ll revisit this thread in 2012 and one of us will be right.

😉

[Rt.66]

Dead cat bounce. Look at charts from GD1, same thing happened then. Hence the term, “the smart money got wiped out on the second leg down”.

Anyway, the stock market and the NAR reporting an uptick during the spring selling season is nothing to help TV.

So 220 foreclosures in just a few streets and rising rapidly is no big deal huh? Do you consider the Titanic a minor boating incident? Hindenburg just a little skirmish with gravity?

220 of your neighbors seem to disagree with your rosey outlook. Even more when you add in shadow inventory.

[Rt.66]

Dead cat bounce. Look at charts from GD1, same thing happened then. Hence the term, “the smart money got wiped out on the second leg down”.

Anyway, the stock market and the NAR reporting an uptick during the spring selling season is nothing to help TV.

So 220 foreclosures in just a few streets and rising rapidly is no big deal huh? Do you consider the Titanic a minor boating incident? Hindenburg just a little skirmish with gravity?

220 of your neighbors seem to disagree with your rosey outlook. Even more when you add in shadow inventory.

[Rt.66]

Dead cat bounce. Look at charts from GD1, same thing happened then. Hence the term, “the smart money got wiped out on the second leg down”.

Anyway, the stock market and the NAR reporting an uptick during the spring selling season is nothing to help TV.

So 220 foreclosures in just a few streets and rising rapidly is no big deal huh? Do you consider the Titanic a minor boating incident? Hindenburg just a little skirmish with gravity?

220 of your neighbors seem to disagree with your rosey outlook. Even more when you add in shadow inventory.

[Rt.66]

Dead cat bounce. Look at charts from GD1, same thing happened then. Hence the term, “the smart money got wiped out on the second leg down”.

Anyway, the stock market and the NAR reporting an uptick during the spring selling season is nothing to help TV.

So 220 foreclosures in just a few streets and rising rapidly is no big deal huh? Do you consider the Titanic a minor boating incident? Hindenburg just a little skirmish with gravity?

220 of your neighbors seem to disagree with your rosey outlook. Even more when you add in shadow inventory.

[Author]

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