[Allan from Fallbrook]

TG: There are more and more of these popping up every day, as you said. I think the banks are trying to be careful, and parsing these out slowly so as not to flood the market, but at some point the floodgates are gonna burst.

BTW, my Raiders just tied your Chargers. Yeah, it probably won’t hold, but c’mon dude, let me have a little joy where I can find it.

[Allan from Fallbrook]

TG: There are more and more of these popping up every day, as you said. I think the banks are trying to be careful, and parsing these out slowly so as not to flood the market, but at some point the floodgates are gonna burst.

BTW, my Raiders just tied your Chargers. Yeah, it probably won’t hold, but c’mon dude, let me have a little joy where I can find it.

[Allan from Fallbrook]

TG: There are more and more of these popping up every day, as you said. I think the banks are trying to be careful, and parsing these out slowly so as not to flood the market, but at some point the floodgates are gonna burst.

BTW, my Raiders just tied your Chargers. Yeah, it probably won’t hold, but c’mon dude, let me have a little joy where I can find it.

[Allan from Fallbrook]

TG: There are more and more of these popping up every day, as you said. I think the banks are trying to be careful, and parsing these out slowly so as not to flood the market, but at some point the floodgates are gonna burst.

BTW, my Raiders just tied your Chargers. Yeah, it probably won’t hold, but c’mon dude, let me have a little joy where I can find it.

[Allan from Fallbrook]

contrarian: You can drive through neighborhoods in Temecula and Murrieta that are solidly middle class, and see Mercedes C and E class cars parked right alongside Yukon Denalis, Caddie Escalades and Hummer H2s. You’re talking about $100k plus worth of vehicles, and this doesn’t count the jet skis, boats, RVs, etc that these families “own”.

The more astute posters here have pointed out that this is not a housing bubble, so much as it is a credit bubble, and the LA Times article points that out. We are addicted to debt, whether it’s in the form of exotic mortgages, car loans, or commercial credit. We threw ourselves one hell of a party, and the bill is about to come due with a vengeance.

[Allan from Fallbrook]

contrarian: You can drive through neighborhoods in Temecula and Murrieta that are solidly middle class, and see Mercedes C and E class cars parked right alongside Yukon Denalis, Caddie Escalades and Hummer H2s. You’re talking about $100k plus worth of vehicles, and this doesn’t count the jet skis, boats, RVs, etc that these families “own”.

The more astute posters here have pointed out that this is not a housing bubble, so much as it is a credit bubble, and the LA Times article points that out. We are addicted to debt, whether it’s in the form of exotic mortgages, car loans, or commercial credit. We threw ourselves one hell of a party, and the bill is about to come due with a vengeance.

[Allan from Fallbrook]

contrarian: You can drive through neighborhoods in Temecula and Murrieta that are solidly middle class, and see Mercedes C and E class cars parked right alongside Yukon Denalis, Caddie Escalades and Hummer H2s. You’re talking about $100k plus worth of vehicles, and this doesn’t count the jet skis, boats, RVs, etc that these families “own”.

The more astute posters here have pointed out that this is not a housing bubble, so much as it is a credit bubble, and the LA Times article points that out. We are addicted to debt, whether it’s in the form of exotic mortgages, car loans, or commercial credit. We threw ourselves one hell of a party, and the bill is about to come due with a vengeance.

[Allan from Fallbrook]

contrarian: You can drive through neighborhoods in Temecula and Murrieta that are solidly middle class, and see Mercedes C and E class cars parked right alongside Yukon Denalis, Caddie Escalades and Hummer H2s. You’re talking about $100k plus worth of vehicles, and this doesn’t count the jet skis, boats, RVs, etc that these families “own”.

The more astute posters here have pointed out that this is not a housing bubble, so much as it is a credit bubble, and the LA Times article points that out. We are addicted to debt, whether it’s in the form of exotic mortgages, car loans, or commercial credit. We threw ourselves one hell of a party, and the bill is about to come due with a vengeance.

[Allan from Fallbrook]

contrarian: You can drive through neighborhoods in Temecula and Murrieta that are solidly middle class, and see Mercedes C and E class cars parked right alongside Yukon Denalis, Caddie Escalades and Hummer H2s. You’re talking about $100k plus worth of vehicles, and this doesn’t count the jet skis, boats, RVs, etc that these families “own”.

The more astute posters here have pointed out that this is not a housing bubble, so much as it is a credit bubble, and the LA Times article points that out. We are addicted to debt, whether it’s in the form of exotic mortgages, car loans, or commercial credit. We threw ourselves one hell of a party, and the bill is about to come due with a vengeance.

[Allan from Fallbrook]

All of your examples are either bank owned, or short sales. Considering that prices are now starting to flirt with $100/sf (one example shows $103/sf), and we are not seeing anywhere near the total inventory that the banks are carrying in Temecula and Murrieta, I agree that it is going to get much uglier.

I have heard anecdotally that only about 20 – 25% of the total REO inventory is on display in Temecula and Murrieta, due to bank fears that flooding the market will further depress prices.

Apropos of nothing: Those are some big-ass houses! When you look at the backyard versus the size of the house, they are really packed in there. Maybe I’m used to bigger lots, living here in Fallbrook, but jeez.

[Allan from Fallbrook]

All of your examples are either bank owned, or short sales. Considering that prices are now starting to flirt with $100/sf (one example shows $103/sf), and we are not seeing anywhere near the total inventory that the banks are carrying in Temecula and Murrieta, I agree that it is going to get much uglier.

I have heard anecdotally that only about 20 – 25% of the total REO inventory is on display in Temecula and Murrieta, due to bank fears that flooding the market will further depress prices.

Apropos of nothing: Those are some big-ass houses! When you look at the backyard versus the size of the house, they are really packed in there. Maybe I’m used to bigger lots, living here in Fallbrook, but jeez.

[Allan from Fallbrook]

All of your examples are either bank owned, or short sales. Considering that prices are now starting to flirt with $100/sf (one example shows $103/sf), and we are not seeing anywhere near the total inventory that the banks are carrying in Temecula and Murrieta, I agree that it is going to get much uglier.

I have heard anecdotally that only about 20 – 25% of the total REO inventory is on display in Temecula and Murrieta, due to bank fears that flooding the market will further depress prices.

Apropos of nothing: Those are some big-ass houses! When you look at the backyard versus the size of the house, they are really packed in there. Maybe I’m used to bigger lots, living here in Fallbrook, but jeez.

[Allan from Fallbrook]

All of your examples are either bank owned, or short sales. Considering that prices are now starting to flirt with $100/sf (one example shows $103/sf), and we are not seeing anywhere near the total inventory that the banks are carrying in Temecula and Murrieta, I agree that it is going to get much uglier.

I have heard anecdotally that only about 20 – 25% of the total REO inventory is on display in Temecula and Murrieta, due to bank fears that flooding the market will further depress prices.

Apropos of nothing: Those are some big-ass houses! When you look at the backyard versus the size of the house, they are really packed in there. Maybe I’m used to bigger lots, living here in Fallbrook, but jeez.

[Allan from Fallbrook]

All of your examples are either bank owned, or short sales. Considering that prices are now starting to flirt with $100/sf (one example shows $103/sf), and we are not seeing anywhere near the total inventory that the banks are carrying in Temecula and Murrieta, I agree that it is going to get much uglier.

I have heard anecdotally that only about 20 – 25% of the total REO inventory is on display in Temecula and Murrieta, due to bank fears that flooding the market will further depress prices.

Apropos of nothing: Those are some big-ass houses! When you look at the backyard versus the size of the house, they are really packed in there. Maybe I’m used to bigger lots, living here in Fallbrook, but jeez.

[Allan from Fallbrook]

TG: Hey, thank God we haven’t hijacked this thread, too! Well, we at least have plausible deniability because SDR admitted he was going to do it!

That disclaimer out of the way, I would point out (in no particular order): The Colts did beat NE right up until the end and, save a few errant plays, clearly won in all phases of the game. The Giants most definitely watched the Eagles – NE game and applied the same defensive formula (pressure Brady, don’t allow WRs to get a clean release).

You can run on these guys. The Ravens did it quite effectively. That was another game where Billick had them on the ropes and they let up. You cannot do it with a team this good. They are a battle-hardened, veteran team and totally ruthless. I pointed out to my wife that (imho) the key difference between Manning and Brady is that Manning is a nice guy. Brady isn’t. He is very cold and calculating and merciless.

They aren’t invincible, though, and as the season moves on the chinks in the armor are more apparent, as TG pointed out.

Cris Collinsworth is definitely one of the best analysts out there. I also like Dan Dierdorf. He has a no-nonsense, player-derived perspective that I enjoy. I think John Madden has gone insane, or at least senile. Someone out to take that telestrator away from him before he hurts someone.

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