What is going on with the inventory!??!@#$%!!

[DWCAP]

There is also alot of bubble mentality still flying around too. A “dont miss out, get rich now” mentality. A friend who couldnt save a dime if they glued it to his forehead told me this past weekend that if I dont buy a house within the year I am an idiot and gonna miss out.
My response was (literally) “miss out on what? a chance to flush my money away?” ( I was drinking and didnt feel like going over high school econ again)

-I have a hunch based on nothing (cept talking to people) that alot of the purchases we see in the lower areas are people who are banking on this being a short term thing and a “J” shaped recovery. The idea that houseing can go down for years just doesnt regester with them.

[Ren]

[quote=CA renter]…and according to Jim Klinge’s site, a number of them are being bought by investors.[/quote]

This is the line that realtors are now giving – every one that I’ve talked to this spring, in fact. I’m pretty sure they get a monthly newsletter from the NAR with useful propoganda, and the latest is that “investors have re-entered the market.” They never give a source for that.

The truth is, any yahoo with $50k could be called an “investor”, and those now re-entering the market are being too optimistic with their math. A $1,500 mortgage/tax payment with $1,800 rent might look good to an amateur, but does not necessarily equal positive cash flow. I know I wouldn’t be comfortable with it.

[Ren]

[quote=CA renter]…and according to Jim Klinge’s site, a number of them are being bought by investors.[/quote]

This is the line that realtors are now giving – every one that I’ve talked to this spring, in fact. I’m pretty sure they get a monthly newsletter from the NAR with useful propoganda, and the latest is that “investors have re-entered the market.” They never give a source for that.

The truth is, any yahoo with $50k could be called an “investor”, and those now re-entering the market are being too optimistic with their math. A $1,500 mortgage/tax payment with $1,800 rent might look good to an amateur, but does not necessarily equal positive cash flow. I know I wouldn’t be comfortable with it.

[Ren]

[quote=CA renter]…and according to Jim Klinge’s site, a number of them are being bought by investors.[/quote]

This is the line that realtors are now giving – every one that I’ve talked to this spring, in fact. I’m pretty sure they get a monthly newsletter from the NAR with useful propoganda, and the latest is that “investors have re-entered the market.” They never give a source for that.

The truth is, any yahoo with $50k could be called an “investor”, and those now re-entering the market are being too optimistic with their math. A $1,500 mortgage/tax payment with $1,800 rent might look good to an amateur, but does not necessarily equal positive cash flow. I know I wouldn’t be comfortable with it.

[Ren]

[quote=CA renter]…and according to Jim Klinge’s site, a number of them are being bought by investors.[/quote]

This is the line that realtors are now giving – every one that I’ve talked to this spring, in fact. I’m pretty sure they get a monthly newsletter from the NAR with useful propoganda, and the latest is that “investors have re-entered the market.” They never give a source for that.

The truth is, any yahoo with $50k could be called an “investor”, and those now re-entering the market are being too optimistic with their math. A $1,500 mortgage/tax payment with $1,800 rent might look good to an amateur, but does not necessarily equal positive cash flow. I know I wouldn’t be comfortable with it.

[Ren]

[quote=CA renter]…and according to Jim Klinge’s site, a number of them are being bought by investors.[/quote]

This is the line that realtors are now giving – every one that I’ve talked to this spring, in fact. I’m pretty sure they get a monthly newsletter from the NAR with useful propoganda, and the latest is that “investors have re-entered the market.” They never give a source for that.

The truth is, any yahoo with $50k could be called an “investor”, and those now re-entering the market are being too optimistic with their math. A $1,500 mortgage/tax payment with $1,800 rent might look good to an amateur, but does not necessarily equal positive cash flow. I know I wouldn’t be comfortable with it.

[Anonymous]

Probably not a glitch as such. Probably re-defined the REO’s as something else temporarily, like when Countrywide pulled off some inventory for auction. (Of course they popped back on a few weeks later.)

[Anonymous]

Probably not a glitch as such. Probably re-defined the REO’s as something else temporarily, like when Countrywide pulled off some inventory for auction. (Of course they popped back on a few weeks later.)

[Anonymous]

Probably not a glitch as such. Probably re-defined the REO’s as something else temporarily, like when Countrywide pulled off some inventory for auction. (Of course they popped back on a few weeks later.)

[Anonymous]

Probably not a glitch as such. Probably re-defined the REO’s as something else temporarily, like when Countrywide pulled off some inventory for auction. (Of course they popped back on a few weeks later.)

[Anonymous]

Probably not a glitch as such. Probably re-defined the REO’s as something else temporarily, like when Countrywide pulled off some inventory for auction. (Of course they popped back on a few weeks later.)

[Anonymous]

Perhaps you should be using Housing Tracker’s new stats. No such drop there.

http://www.housingtracker.net/askingprices/California/SanDiego-Carlsbad-SanMarcos/

[Anonymous]

Perhaps you should be using Housing Tracker’s new stats. No such drop there.

http://www.housingtracker.net/askingprices/California/SanDiego-Carlsbad-SanMarcos/

[Anonymous]

Perhaps you should be using Housing Tracker’s new stats. No such drop there.

http://www.housingtracker.net/askingprices/California/SanDiego-Carlsbad-SanMarcos/

[Anonymous]

Perhaps you should be using Housing Tracker’s new stats. No such drop there.

http://www.housingtracker.net/askingprices/California/SanDiego-Carlsbad-SanMarcos/

[Author]

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