[Allan from Fallbrook]

temeculaguy: Swing Inn has really good breakfasts. That’s absolutely apropos of nothing, but Bob’s is behind there and…

Syes: I would make a point of visiting the various REO websites and staying abreast of both inventory and prices in the Temecula and Murrieta areas. I have seen some nice homes that have gone back to the bank, and, at some point, reality is going to sink in for the banks and lending institutions that they have to divest themselves of these properties. All due respect to D.R. Horton, but I think the “squeal” factor is going to be a lot higher for Countrywide Financial, Wells Fargo, etc.

When you look at Wells Fargo’s Premiere Asset Services website (their REO website), California foreclosures alone eat up 182 pages at 10 properties per page. I stopped counting at 300 pages on Countrywide’s REO website. There are deals out there, be patient and watchful.

[Allan from Fallbrook]

temeculaguy: Swing Inn has really good breakfasts. That’s absolutely apropos of nothing, but Bob’s is behind there and…

Syes: I would make a point of visiting the various REO websites and staying abreast of both inventory and prices in the Temecula and Murrieta areas. I have seen some nice homes that have gone back to the bank, and, at some point, reality is going to sink in for the banks and lending institutions that they have to divest themselves of these properties. All due respect to D.R. Horton, but I think the “squeal” factor is going to be a lot higher for Countrywide Financial, Wells Fargo, etc.

When you look at Wells Fargo’s Premiere Asset Services website (their REO website), California foreclosures alone eat up 182 pages at 10 properties per page. I stopped counting at 300 pages on Countrywide’s REO website. There are deals out there, be patient and watchful.

[Allan from Fallbrook]

Syes: This is a real rough (and I stress rough) estimate, but I would think that approx $100/sf – 125/sf puts you right in the ballpark.

I say that only because there are REO properties that are in that range right now, or have sold at auction for that amount in both Temecula and Murrieta.

I am sure the more seasoned RE pros here will probably disagree with me, but that is my two cents.

I was at Pop Warner weight certification this morning at Chaparral HS in Temecula and I overheard at least three conversations from parents that were in the process of pulling their kids due to impending move “out of state”. Two of them were also selling vehicles, and one was trying to move a boat.

While this is anecdotal only, I think that the market up in Temecula and Murrieta is about to unwrap, and you should be positioned to pick up a nice REO property from one of the many lenders.

Speaking of which: All of the major lending players (Wells Fargo, Chase and Countrywide) maintain REO websites which list properties for sale. You can search by zip, square footage, etc. Worth a look.

[Allan from Fallbrook]

Syes: This is a real rough (and I stress rough) estimate, but I would think that approx $100/sf – 125/sf puts you right in the ballpark.

I say that only because there are REO properties that are in that range right now, or have sold at auction for that amount in both Temecula and Murrieta.

I am sure the more seasoned RE pros here will probably disagree with me, but that is my two cents.

I was at Pop Warner weight certification this morning at Chaparral HS in Temecula and I overheard at least three conversations from parents that were in the process of pulling their kids due to impending move “out of state”. Two of them were also selling vehicles, and one was trying to move a boat.

While this is anecdotal only, I think that the market up in Temecula and Murrieta is about to unwrap, and you should be positioned to pick up a nice REO property from one of the many lenders.

Speaking of which: All of the major lending players (Wells Fargo, Chase and Countrywide) maintain REO websites which list properties for sale. You can search by zip, square footage, etc. Worth a look.

[Allan from Fallbrook]

Syes: This is a real rough (and I stress rough) estimate, but I would think that approx $100/sf – 125/sf puts you right in the ballpark.

I say that only because there are REO properties that are in that range right now, or have sold at auction for that amount in both Temecula and Murrieta.

I am sure the more seasoned RE pros here will probably disagree with me, but that is my two cents.

I was at Pop Warner weight certification this morning at Chaparral HS in Temecula and I overheard at least three conversations from parents that were in the process of pulling their kids due to impending move “out of state”. Two of them were also selling vehicles, and one was trying to move a boat.

While this is anecdotal only, I think that the market up in Temecula and Murrieta is about to unwrap, and you should be positioned to pick up a nice REO property from one of the many lenders.

Speaking of which: All of the major lending players (Wells Fargo, Chase and Countrywide) maintain REO websites which list properties for sale. You can search by zip, square footage, etc. Worth a look.

[Allan from Fallbrook]

Telling the American consumer to stop spending is like telling a junkie to quit doing heroin.

We have been conditioned to spend, and a little recession (or depression) ain’t gonna stop us.

People will literally have to see the money (or credit) spigot shut off before they will stop spending.

[Allan from Fallbrook]

Telling the American consumer to stop spending is like telling a junkie to quit doing heroin.

We have been conditioned to spend, and a little recession (or depression) ain’t gonna stop us.

People will literally have to see the money (or credit) spigot shut off before they will stop spending.

[Allan from Fallbrook]

Telling the American consumer to stop spending is like telling a junkie to quit doing heroin.

We have been conditioned to spend, and a little recession (or depression) ain’t gonna stop us.

People will literally have to see the money (or credit) spigot shut off before they will stop spending.

[Allan from Fallbrook]

JES: Dude! I knew I wasn’t the only one on to something here!

I didn’t know about the merit badges and the secret code, though. Thanks for the heads up.

I have harbored a deep suspicion of them ever since becoming addicted to Thin Mints and Samoas. Do you think there is any significance to their naming a cookie after an American Protectorate? Possibly a warning to other potential competitors?

[Allan from Fallbrook]

JES: Dude! I knew I wasn’t the only one on to something here!

I didn’t know about the merit badges and the secret code, though. Thanks for the heads up.

I have harbored a deep suspicion of them ever since becoming addicted to Thin Mints and Samoas. Do you think there is any significance to their naming a cookie after an American Protectorate? Possibly a warning to other potential competitors?

[Allan from Fallbrook]

JES: Dude! I knew I wasn’t the only one on to something here!

I didn’t know about the merit badges and the secret code, though. Thanks for the heads up.

I have harbored a deep suspicion of them ever since becoming addicted to Thin Mints and Samoas. Do you think there is any significance to their naming a cookie after an American Protectorate? Possibly a warning to other potential competitors?

[Allan from Fallbrook]

JES: Don’t forget the Trilateral Commission and the Illuminati.

And the Girl Scouts. I can’t prove it, but those little hooligans are up to something with that cookie racket. $6 per box is a lot of jingle and it’s all going somewhere, lemme tell ya!

[Allan from Fallbrook]

JES: Don’t forget the Trilateral Commission and the Illuminati.

And the Girl Scouts. I can’t prove it, but those little hooligans are up to something with that cookie racket. $6 per box is a lot of jingle and it’s all going somewhere, lemme tell ya!

[Allan from Fallbrook]

JES: Don’t forget the Trilateral Commission and the Illuminati.

And the Girl Scouts. I can’t prove it, but those little hooligans are up to something with that cookie racket. $6 per box is a lot of jingle and it’s all going somewhere, lemme tell ya!

[Allan from Fallbrook]

Where have we heard all of this before?

Oh, yeah. During the 1970s we had stagflation, oil shocks and the rising dominance of the Soviet “empire”.

During the 1980s we had Japan, Inc. and their newfound wealth, coupled with their plan to dominate the world (starting with their purchase of Pebble Beach and Rockefeller Center).

During the late 1990s we had the rise of China and the Asian Tiger economies.

Not to pooh pooh any of what you are saying, because we do face serious challenges as a country and an economy, but if you think India and China are serious competition to the US in the near run, you are horribly misinformed.

Do a little research about the state of China’s economy, specifically as it relates to their ability to develop adequate accounting, finance and legal standards, as well as their marked inability to maintain a stable management corps of talent.

India is facing problems with corruption, infrastructure issues, and a skyrocketing cost of labor.

Russia? Iran? Please. Russia’s supposed power is simply a function of their over-reliance on very finite natural resources (gas and oil) and their shakedown of Western Europe by selling same. Putin is a thug, nothing more.

Iran is a regional power, if that, and faces a brewing internal revolution from an informed citizenry that is becoming ever more dissatisfied with Iran’s hard line approach in the region and the world.

Too many conspiracy theories and not enough objective reading of both current affairs and past history.

[Author]

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