UT: Foreclosure trend rising as hopes fall

[garysears]

I think the tsunami analogy for Bandar Ache in Indonesia is probably even better than intended if you predict complete collapse for our markets. I observed first hand the immediate aftermath of the tsunami over about 80 miles of coastline on the NW side of the island. I personally captered numerous aerial photos of villages that were completely erased except for foundations. At one time I counted them in my head and could think of at least 12 separate cases. It was incredible how the water took away nearly everything in many areas, leaving little trace of the original structures and even completely changing the shoreline. I hope that is not really the future for our markets. The waves in some cases deposited boats miles inland and many people were likely killed who never even considered the sea a threat. The single coastal road which was the only “exit” for the hundreds of thousands of people living between the mountains and coast was impassible in a few dozen areas. Helicopters were the only way to deliver relief for weeks until the road was rebuilt. I’m not sure how the helicopter analogy really fits. But you could argue the road represents perceived market liquidity.

[Anonymous]

I am new to this forum. it is a great site to get knowledge and read different opnions. Now, can someone tell me why the prices in Fallbrook is still holding. On a weekley basis, I check the listing you name it MLS, REO, etc..I don’t see any drop in prices. I have been watching the area for more than 2 years but the one million dollar(more or less) custom homes have not moved down as those of track home. Any Idea why.

[Anonymous]

I am new to this forum. it is a great site to get knowledge and read different opnions. Now, can someone tell me why the prices in Fallbrook is still holding. On a weekley basis, I check the listing you name it MLS, REO, etc..I don’t see any drop in prices. I have been watching the area for more than 2 years but the one million dollar(more or less) custom homes have not moved down as those of track home. Any Idea why.

[Anonymous]

I am new to this forum. it is a great site to get knowledge and read different opnions. Now, can someone tell me why the prices in Fallbrook is still holding. On a weekley basis, I check the listing you name it MLS, REO, etc..I don’t see any drop in prices. I have been watching the area for more than 2 years but the one million dollar(more or less) custom homes have not moved down as those of track home. Any Idea why.

[Anonymous]

I am new to this forum. it is a great site to get knowledge and read different opnions. Now, can someone tell me why the prices in Fallbrook is still holding. On a weekley basis, I check the listing you name it MLS, REO, etc..I don’t see any drop in prices. I have been watching the area for more than 2 years but the one million dollar(more or less) custom homes have not moved down as those of track home. Any Idea why.

[Anonymous]

I am new to this forum. it is a great site to get knowledge and read different opnions. Now, can someone tell me why the prices in Fallbrook is still holding. On a weekley basis, I check the listing you name it MLS, REO, etc..I don’t see any drop in prices. I have been watching the area for more than 2 years but the one million dollar(more or less) custom homes have not moved down as those of track home. Any Idea why.

[Anonymous]

I am new to this forum. it is a great site to get knowledge and read different opnions. Now, can someone tell me why the prices in Fallbrook is still holding. On a weekley basis, I check the listing you name it MLS, REO, etc..I don’t see any drop in prices. I have been watching the area for more than 2 years but the one million dollar(more or less) custom homes have not moved down as those of track home. Any Idea why.

[Bugs]

Different price ranges are going to move at different times and at different rates. Move-up buyers usually have more equity, and thus more incentive and more ability to ride out the rough patches. But that only goes so far because those homes are ultimately still competing with similar homes in other areas. All areas and all price ranges in this region are under assault right now. some have just been under the gun longer than others.

It’s just a matter of time. Before this cycle is over those high-dollar homes will come down just as much – percentage wise – as the entry level homes. Maybe even more.

[Bugs]

Different price ranges are going to move at different times and at different rates. Move-up buyers usually have more equity, and thus more incentive and more ability to ride out the rough patches. But that only goes so far because those homes are ultimately still competing with similar homes in other areas. All areas and all price ranges in this region are under assault right now. some have just been under the gun longer than others.

It’s just a matter of time. Before this cycle is over those high-dollar homes will come down just as much – percentage wise – as the entry level homes. Maybe even more.

[Bugs]

Different price ranges are going to move at different times and at different rates. Move-up buyers usually have more equity, and thus more incentive and more ability to ride out the rough patches. But that only goes so far because those homes are ultimately still competing with similar homes in other areas. All areas and all price ranges in this region are under assault right now. some have just been under the gun longer than others.

It’s just a matter of time. Before this cycle is over those high-dollar homes will come down just as much – percentage wise – as the entry level homes. Maybe even more.

[Bugs]

Different price ranges are going to move at different times and at different rates. Move-up buyers usually have more equity, and thus more incentive and more ability to ride out the rough patches. But that only goes so far because those homes are ultimately still competing with similar homes in other areas. All areas and all price ranges in this region are under assault right now. some have just been under the gun longer than others.

It’s just a matter of time. Before this cycle is over those high-dollar homes will come down just as much – percentage wise – as the entry level homes. Maybe even more.

[Bugs]

Different price ranges are going to move at different times and at different rates. Move-up buyers usually have more equity, and thus more incentive and more ability to ride out the rough patches. But that only goes so far because those homes are ultimately still competing with similar homes in other areas. All areas and all price ranges in this region are under assault right now. some have just been under the gun longer than others.

It’s just a matter of time. Before this cycle is over those high-dollar homes will come down just as much – percentage wise – as the entry level homes. Maybe even more.

[USMCBunny]

Garysears,

Are you military? with the MEU or the CVN at Banda Ache?

Flywestcoast

[USMCBunny]

Garysears,

Are you military? with the MEU or the CVN at Banda Ache?

Flywestcoast

[USMCBunny]

Garysears,

Are you military? with the MEU or the CVN at Banda Ache?

Flywestcoast

[Author]

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