[barnaby33]

I interviewed there (accredited) 2 years ago. Seemed like a sweatshop. Its never a good sign when everyone that interviews you has an Indian accent. Since they were acquired by Loanstar in a buyout I can’t imagine they’ve been hiring.

On another note, my company is hiring, we are a small web design firm specializing in FLEX based websites. Although I am a Java developer they are hiring for both.

Josh

[barnaby33]

I interviewed there (accredited) 2 years ago. Seemed like a sweatshop. Its never a good sign when everyone that interviews you has an Indian accent. Since they were acquired by Loanstar in a buyout I can’t imagine they’ve been hiring.

On another note, my company is hiring, we are a small web design firm specializing in FLEX based websites. Although I am a Java developer they are hiring for both.

Josh

[barnaby33]

I interviewed there (accredited) 2 years ago. Seemed like a sweatshop. Its never a good sign when everyone that interviews you has an Indian accent. Since they were acquired by Loanstar in a buyout I can’t imagine they’ve been hiring.

On another note, my company is hiring, we are a small web design firm specializing in FLEX based websites. Although I am a Java developer they are hiring for both.

Josh

[barnaby33]

Beach front it is not, at least by your definition. It is a 5 minute walk to the beach. I don’t anticipate it falling back to its 98 purchase price, but back to its assessed value seems pretty in the ballpark, on a similar unit.

The whole point of this exercise was to state that, dear lard, if there are zip codes that are already 70% REO and short sales, even the lilly white parts of town are going to take a severe beat down. Its just going to take longer.

If I’m wrong, well then I still have my dream. If I’m right then all my years of living in sub-standard areas (Northpark currently) will have been repaid.

Josh

[barnaby33]

Beach front it is not, at least by your definition. It is a 5 minute walk to the beach. I don’t anticipate it falling back to its 98 purchase price, but back to its assessed value seems pretty in the ballpark, on a similar unit.

The whole point of this exercise was to state that, dear lard, if there are zip codes that are already 70% REO and short sales, even the lilly white parts of town are going to take a severe beat down. Its just going to take longer.

If I’m wrong, well then I still have my dream. If I’m right then all my years of living in sub-standard areas (Northpark currently) will have been repaid.

Josh

[barnaby33]

Beach front it is not, at least by your definition. It is a 5 minute walk to the beach. I don’t anticipate it falling back to its 98 purchase price, but back to its assessed value seems pretty in the ballpark, on a similar unit.

The whole point of this exercise was to state that, dear lard, if there are zip codes that are already 70% REO and short sales, even the lilly white parts of town are going to take a severe beat down. Its just going to take longer.

If I’m wrong, well then I still have my dream. If I’m right then all my years of living in sub-standard areas (Northpark currently) will have been repaid.

Josh

[barnaby33]

Beach front it is not, at least by your definition. It is a 5 minute walk to the beach. I don’t anticipate it falling back to its 98 purchase price, but back to its assessed value seems pretty in the ballpark, on a similar unit.

The whole point of this exercise was to state that, dear lard, if there are zip codes that are already 70% REO and short sales, even the lilly white parts of town are going to take a severe beat down. Its just going to take longer.

If I’m wrong, well then I still have my dream. If I’m right then all my years of living in sub-standard areas (Northpark currently) will have been repaid.

Josh

[barnaby33]

Beach front it is not, at least by your definition. It is a 5 minute walk to the beach. I don’t anticipate it falling back to its 98 purchase price, but back to its assessed value seems pretty in the ballpark, on a similar unit.

The whole point of this exercise was to state that, dear lard, if there are zip codes that are already 70% REO and short sales, even the lilly white parts of town are going to take a severe beat down. Its just going to take longer.

If I’m wrong, well then I still have my dream. If I’m right then all my years of living in sub-standard areas (Northpark currently) will have been repaid.

Josh

[barnaby33]

I’m willing to bet the guy who bought my future home in 1990 didn’t imagine he’d be selling it for LESS money 8 years later. I mean, it is in Del Mar. Some places will never be affordable.

Just so you know, it seems so patently obvious that afford-ability is relative, that I didn’t think I had to mention it. For someone with a good income, zero debt and an 80k down payment, I figure a unit in this development in the low 400’s is not unreasonable when things get bad. I could be wrong, time will tell.

Josh

[barnaby33]

I’m willing to bet the guy who bought my future home in 1990 didn’t imagine he’d be selling it for LESS money 8 years later. I mean, it is in Del Mar. Some places will never be affordable.

Just so you know, it seems so patently obvious that afford-ability is relative, that I didn’t think I had to mention it. For someone with a good income, zero debt and an 80k down payment, I figure a unit in this development in the low 400’s is not unreasonable when things get bad. I could be wrong, time will tell.

Josh

[barnaby33]

I’m willing to bet the guy who bought my future home in 1990 didn’t imagine he’d be selling it for LESS money 8 years later. I mean, it is in Del Mar. Some places will never be affordable.

Just so you know, it seems so patently obvious that afford-ability is relative, that I didn’t think I had to mention it. For someone with a good income, zero debt and an 80k down payment, I figure a unit in this development in the low 400’s is not unreasonable when things get bad. I could be wrong, time will tell.

Josh

[barnaby33]

I’m willing to bet the guy who bought my future home in 1990 didn’t imagine he’d be selling it for LESS money 8 years later. I mean, it is in Del Mar. Some places will never be affordable.

Just so you know, it seems so patently obvious that afford-ability is relative, that I didn’t think I had to mention it. For someone with a good income, zero debt and an 80k down payment, I figure a unit in this development in the low 400’s is not unreasonable when things get bad. I could be wrong, time will tell.

Josh

[barnaby33]

I’m willing to bet the guy who bought my future home in 1990 didn’t imagine he’d be selling it for LESS money 8 years later. I mean, it is in Del Mar. Some places will never be affordable.

Just so you know, it seems so patently obvious that afford-ability is relative, that I didn’t think I had to mention it. For someone with a good income, zero debt and an 80k down payment, I figure a unit in this development in the low 400’s is not unreasonable when things get bad. I could be wrong, time will tell.

Josh

[barnaby33]

hipmatt, the inflation has already occurred. Unless congress tries to “monetize” the bad debt, the deflation underway will continue.

If they do that, the govt cost of borrowing rises, and that is not something that congress will risk.

Josh

[barnaby33]

hipmatt, the inflation has already occurred. Unless congress tries to “monetize” the bad debt, the deflation underway will continue.

If they do that, the govt cost of borrowing rises, and that is not something that congress will risk.

Josh

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