why are prices flat for so long?

[no_such_reality]

Dribbling them out is what they are doing. selling 50 a month with 650 a month are piling up, leads for a long long backlog to be dribbled out. Years worth. Empty houses with no power, no running water, no ventilation, don’t age well.

It’ll be interesting, in general, housing across a broad swath of American isn’t nearly as over extended as SoCal. SoCal and Cali in is one of few island of housing psychosis.

Will the Fed come riding to the housing rescue of California and Florida? Or will the excesses and fraud in the California and Florida be painted as the root of the problem?

The problem Cali has coming has already come to the rust belt in Ohio and Michigan. I see lip service, but I don’t any traction.

In the end, this is a credit bubble, and their only two solutions, the credit bubble inflated assets have to return to fundamental values or fundamental value have to rise to the bubble.

[SD Realtor]

hope you are correct. I should have been more clear, dribbling them out and pricing them to sell. Not dribbling them out and then have them sit on the market a long time.

Another thing that would be interesting would be some data that would present how many loans that have reset have been rewritten with different terms.

That would be very interesting to see.

SD Realtor

[SD Realtor]

hope you are correct. I should have been more clear, dribbling them out and pricing them to sell. Not dribbling them out and then have them sit on the market a long time.

Another thing that would be interesting would be some data that would present how many loans that have reset have been rewritten with different terms.

That would be very interesting to see.

SD Realtor

[donaldduckmoore]

who is going to pay the property tax of a defaulted house? Are the banks really losing anything when they have a defaulted property? What makes the banks more likely to release their non-performing properties? To hold all these non-performing assets, it is not going to do any good to the banks.

[donaldduckmoore]

who is going to pay the property tax of a defaulted house? Are the banks really losing anything when they have a defaulted property? What makes the banks more likely to release their non-performing properties? To hold all these non-performing assets, it is not going to do any good to the banks.

[SD Realtor]

I “believe” that the property tax is always payed by whoever is on the deed. When a property changes title after a trustee sale the new owner (lender) I “believe” would then be responsible for the property taxes.

I am not an expert on how lenders make their books look better by holding non performing assets verses releasing them to the open market so I don’t have an answer to that question. I kind of agree with where you are going with this but my only guess is that lenders don’t want to start a landslide by releasing all of the properties…

Input from anyone in loss mitigation from some of the lenders would be useful.

SD Realtor

[SD Realtor]

I “believe” that the property tax is always payed by whoever is on the deed. When a property changes title after a trustee sale the new owner (lender) I “believe” would then be responsible for the property taxes.

I am not an expert on how lenders make their books look better by holding non performing assets verses releasing them to the open market so I don’t have an answer to that question. I kind of agree with where you are going with this but my only guess is that lenders don’t want to start a landslide by releasing all of the properties…

Input from anyone in loss mitigation from some of the lenders would be useful.

SD Realtor

[beanmaestro]

Hey SDR,

The sub-topic is long past, but you might try what I did to undermine my wife’s home-buying urges: we planted a garden. With 500 sq ft of fruits, veggies, and antique varietals (giant bush of the white rose of York), our rented house is a lot more homey, and my wife is making noises about how sad she’ll be to leave the berry brambles and artichokes and strawberries and roses and veggie boxes behind, and maybe we could stay a bit longer… Not sure what the neighbors think of our vegetative front yard, though 🙂

[beanmaestro]

Hey SDR,

The sub-topic is long past, but you might try what I did to undermine my wife’s home-buying urges: we planted a garden. With 500 sq ft of fruits, veggies, and antique varietals (giant bush of the white rose of York), our rented house is a lot more homey, and my wife is making noises about how sad she’ll be to leave the berry brambles and artichokes and strawberries and roses and veggie boxes behind, and maybe we could stay a bit longer… Not sure what the neighbors think of our vegetative front yard, though 🙂

[SD Realtor]

In my home in Talmadge we had a monster vegie garden… my wife and her mom took great care of it. Of course we owned that house and still do. The previous rentals we have been in including the current one we have now do not want us to alter the landscape in such a manner. I guess I am lucky with landlords eh?

SD Realtor

[SD Realtor]

In my home in Talmadge we had a monster vegie garden… my wife and her mom took great care of it. Of course we owned that house and still do. The previous rentals we have been in including the current one we have now do not want us to alter the landscape in such a manner. I guess I am lucky with landlords eh?

SD Realtor

[(former)FormerSanDiegan]

Based on Case-Shiller index SD is down 7% from the peak and two years of inflation, San Diego is 13% off it’s peak. Nearly 1/4 to 1/3 of the bubble has already been deflated.

The OC and greater LA area got off to a later start and might be 9-12 months behind.

[(former)FormerSanDiegan]

Based on Case-Shiller index SD is down 7% from the peak and two years of inflation, San Diego is 13% off it’s peak. Nearly 1/4 to 1/3 of the bubble has already been deflated.

The OC and greater LA area got off to a later start and might be 9-12 months behind.

[Author]

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