Underwater Homeowners Thread

[peterb]

Please, “native American” name. Indian’s live in India, mostly.

[Rt.66]

sdnerd, the topic was about Temecula, not the neighborhoods YOU wanted to live in. Its pretty clear on that. I do agree with you in that there are nicer areas with better weather and closer to jobs where those numbers would get me excited as well.

If one is interested in buying in Temecula then the situation is different. There is an absolute mountain of REOs just stacked up behind some bottle neck. The banks only release a few at those 40-50% bubble reduction prices in order to maintain an artificial market. The only ones that touch the 60% mark that I have seen are fixers.

Then there is the shadow inventory that Mr. Mortgage has explained so well. Temecula/Murietta is ground zero for shadow inventory that does not even show up on RealtyTrac.

50% is a complete yawner in Temecula.

[Rt.66]

sdnerd, the topic was about Temecula, not the neighborhoods YOU wanted to live in. Its pretty clear on that. I do agree with you in that there are nicer areas with better weather and closer to jobs where those numbers would get me excited as well.

If one is interested in buying in Temecula then the situation is different. There is an absolute mountain of REOs just stacked up behind some bottle neck. The banks only release a few at those 40-50% bubble reduction prices in order to maintain an artificial market. The only ones that touch the 60% mark that I have seen are fixers.

Then there is the shadow inventory that Mr. Mortgage has explained so well. Temecula/Murietta is ground zero for shadow inventory that does not even show up on RealtyTrac.

50% is a complete yawner in Temecula.

[Rt.66]

sdnerd, the topic was about Temecula, not the neighborhoods YOU wanted to live in. Its pretty clear on that. I do agree with you in that there are nicer areas with better weather and closer to jobs where those numbers would get me excited as well.

If one is interested in buying in Temecula then the situation is different. There is an absolute mountain of REOs just stacked up behind some bottle neck. The banks only release a few at those 40-50% bubble reduction prices in order to maintain an artificial market. The only ones that touch the 60% mark that I have seen are fixers.

Then there is the shadow inventory that Mr. Mortgage has explained so well. Temecula/Murietta is ground zero for shadow inventory that does not even show up on RealtyTrac.

50% is a complete yawner in Temecula.

[Rt.66]

sdnerd, the topic was about Temecula, not the neighborhoods YOU wanted to live in. Its pretty clear on that. I do agree with you in that there are nicer areas with better weather and closer to jobs where those numbers would get me excited as well.

If one is interested in buying in Temecula then the situation is different. There is an absolute mountain of REOs just stacked up behind some bottle neck. The banks only release a few at those 40-50% bubble reduction prices in order to maintain an artificial market. The only ones that touch the 60% mark that I have seen are fixers.

Then there is the shadow inventory that Mr. Mortgage has explained so well. Temecula/Murietta is ground zero for shadow inventory that does not even show up on RealtyTrac.

50% is a complete yawner in Temecula.

[Rt.66]

sdnerd, the topic was about Temecula, not the neighborhoods YOU wanted to live in. Its pretty clear on that. I do agree with you in that there are nicer areas with better weather and closer to jobs where those numbers would get me excited as well.

If one is interested in buying in Temecula then the situation is different. There is an absolute mountain of REOs just stacked up behind some bottle neck. The banks only release a few at those 40-50% bubble reduction prices in order to maintain an artificial market. The only ones that touch the 60% mark that I have seen are fixers.

Then there is the shadow inventory that Mr. Mortgage has explained so well. Temecula/Murietta is ground zero for shadow inventory that does not even show up on RealtyTrac.

50% is a complete yawner in Temecula.

[ibjames]

I can see both sides on keeping and ditching. The problem I would have is ditching my home, if I could afford it.

I suppose if you live in a dump and you could easily afford a much nicer house that could eat at you.

I guess I’m a sucker with morals, and would probably keep the place, I’m a first time home buyer though, so that easily affects my decision I guess.

Are you happy in your house? If all the other houses were expensive and you had your house would that change your decision? Would you be happy then?

If you are happy in your house, stay, the grass is always greener. You ditch the house, end up renting, getting a bad landlord.. maybe end up in a house that gets foreclosed, then you have to move again, etc.

Your only headache right now is that your house price is declining. Go outside, sip a cold one, and enjoy life. You have a house you can afford, your family fits fine in it, and just enjoy life for once. Stop looking at real estate blogs and sites, it doesn’t benefit you, are you looking for a house?

You took yourself out of the game, you have a house now, enjoy it. That is why you bought it right?

[ibjames]

I can see both sides on keeping and ditching. The problem I would have is ditching my home, if I could afford it.

I suppose if you live in a dump and you could easily afford a much nicer house that could eat at you.

I guess I’m a sucker with morals, and would probably keep the place, I’m a first time home buyer though, so that easily affects my decision I guess.

Are you happy in your house? If all the other houses were expensive and you had your house would that change your decision? Would you be happy then?

If you are happy in your house, stay, the grass is always greener. You ditch the house, end up renting, getting a bad landlord.. maybe end up in a house that gets foreclosed, then you have to move again, etc.

Your only headache right now is that your house price is declining. Go outside, sip a cold one, and enjoy life. You have a house you can afford, your family fits fine in it, and just enjoy life for once. Stop looking at real estate blogs and sites, it doesn’t benefit you, are you looking for a house?

You took yourself out of the game, you have a house now, enjoy it. That is why you bought it right?

[ibjames]

I can see both sides on keeping and ditching. The problem I would have is ditching my home, if I could afford it.

I suppose if you live in a dump and you could easily afford a much nicer house that could eat at you.

I guess I’m a sucker with morals, and would probably keep the place, I’m a first time home buyer though, so that easily affects my decision I guess.

Are you happy in your house? If all the other houses were expensive and you had your house would that change your decision? Would you be happy then?

If you are happy in your house, stay, the grass is always greener. You ditch the house, end up renting, getting a bad landlord.. maybe end up in a house that gets foreclosed, then you have to move again, etc.

Your only headache right now is that your house price is declining. Go outside, sip a cold one, and enjoy life. You have a house you can afford, your family fits fine in it, and just enjoy life for once. Stop looking at real estate blogs and sites, it doesn’t benefit you, are you looking for a house?

You took yourself out of the game, you have a house now, enjoy it. That is why you bought it right?

[ibjames]

I can see both sides on keeping and ditching. The problem I would have is ditching my home, if I could afford it.

I suppose if you live in a dump and you could easily afford a much nicer house that could eat at you.

I guess I’m a sucker with morals, and would probably keep the place, I’m a first time home buyer though, so that easily affects my decision I guess.

Are you happy in your house? If all the other houses were expensive and you had your house would that change your decision? Would you be happy then?

If you are happy in your house, stay, the grass is always greener. You ditch the house, end up renting, getting a bad landlord.. maybe end up in a house that gets foreclosed, then you have to move again, etc.

Your only headache right now is that your house price is declining. Go outside, sip a cold one, and enjoy life. You have a house you can afford, your family fits fine in it, and just enjoy life for once. Stop looking at real estate blogs and sites, it doesn’t benefit you, are you looking for a house?

You took yourself out of the game, you have a house now, enjoy it. That is why you bought it right?

[ibjames]

I can see both sides on keeping and ditching. The problem I would have is ditching my home, if I could afford it.

I suppose if you live in a dump and you could easily afford a much nicer house that could eat at you.

I guess I’m a sucker with morals, and would probably keep the place, I’m a first time home buyer though, so that easily affects my decision I guess.

Are you happy in your house? If all the other houses were expensive and you had your house would that change your decision? Would you be happy then?

If you are happy in your house, stay, the grass is always greener. You ditch the house, end up renting, getting a bad landlord.. maybe end up in a house that gets foreclosed, then you have to move again, etc.

Your only headache right now is that your house price is declining. Go outside, sip a cold one, and enjoy life. You have a house you can afford, your family fits fine in it, and just enjoy life for once. Stop looking at real estate blogs and sites, it doesn’t benefit you, are you looking for a house?

You took yourself out of the game, you have a house now, enjoy it. That is why you bought it right?

[Rt.66]

Hey I just noticed that the math challenged poster is a Realtor. That explains a lot.

175% price increase
60% price decrease
= 10% still overpriced even in a good economy

+ Largest unsold inventory in history
+ Highest recorded unemployment in area
+ Worst economy since GD
+ Giant shadow inventory
+ Foreclosure tidal wave
+ Builders still adding to inventory
————————
= 6% or Its a great time to buy!

Hey Realtor dude riddle me this:
Does a Realtor selling a property in Temecula have any obligation to disclose the enormous off the market inventory? Are there any ethics type rules in Realtordom, or is it an honor system kinda thing?

[Rt.66]

Hey I just noticed that the math challenged poster is a Realtor. That explains a lot.

175% price increase
60% price decrease
= 10% still overpriced even in a good economy

+ Largest unsold inventory in history
+ Highest recorded unemployment in area
+ Worst economy since GD
+ Giant shadow inventory
+ Foreclosure tidal wave
+ Builders still adding to inventory
————————
= 6% or Its a great time to buy!

Hey Realtor dude riddle me this:
Does a Realtor selling a property in Temecula have any obligation to disclose the enormous off the market inventory? Are there any ethics type rules in Realtordom, or is it an honor system kinda thing?

[Rt.66]

Hey I just noticed that the math challenged poster is a Realtor. That explains a lot.

175% price increase
60% price decrease
= 10% still overpriced even in a good economy

+ Largest unsold inventory in history
+ Highest recorded unemployment in area
+ Worst economy since GD
+ Giant shadow inventory
+ Foreclosure tidal wave
+ Builders still adding to inventory
————————
= 6% or Its a great time to buy!

Hey Realtor dude riddle me this:
Does a Realtor selling a property in Temecula have any obligation to disclose the enormous off the market inventory? Are there any ethics type rules in Realtordom, or is it an honor system kinda thing?

[Rt.66]

Hey I just noticed that the math challenged poster is a Realtor. That explains a lot.

175% price increase
60% price decrease
= 10% still overpriced even in a good economy

+ Largest unsold inventory in history
+ Highest recorded unemployment in area
+ Worst economy since GD
+ Giant shadow inventory
+ Foreclosure tidal wave
+ Builders still adding to inventory
————————
= 6% or Its a great time to buy!

Hey Realtor dude riddle me this:
Does a Realtor selling a property in Temecula have any obligation to disclose the enormous off the market inventory? Are there any ethics type rules in Realtordom, or is it an honor system kinda thing?

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