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barnaby33ParticipantGenerally the content on Bens blog is very good. He just amalgamates lots of news. The comments on the other hand have been on a long slide into the gutter these last two years. Its always been a shriller crowd over there, but sometimes it gets out of hand, even for me.
Josh
barnaby33ParticipantFirst guess, its a fluke to the low side. Remember we are getting close to a peak reset month for the sub-prime arm wave. That means that alot of the NOT’s being seen now are from the early spring when the NOD’s really started spiking. I’d bet will see even worse next month. Now to go read the story on Jim’s blog!
Josh
barnaby33ParticipantFirst guess, its a fluke to the low side. Remember we are getting close to a peak reset month for the sub-prime arm wave. That means that alot of the NOT’s being seen now are from the early spring when the NOD’s really started spiking. I’d bet will see even worse next month. Now to go read the story on Jim’s blog!
Josh
October 17, 2007 at 6:13 PM in reply to: Bought for $466k in ’06 – can’t sell for $350k in ’07 #89760barnaby33Participantgolgproz, sure there is a way, hyper inflation!
Josh
October 17, 2007 at 6:13 PM in reply to: Bought for $466k in ’06 – can’t sell for $350k in ’07 #89768barnaby33Participantgolgproz, sure there is a way, hyper inflation!
Josh
barnaby33ParticipantTemecula market is RETAINING its value! ….Sarcasm right?
No sarcasm there. Temecula has and always has retained its value. Pricing on the other hand has been quite elastic.Josh
barnaby33ParticipantTemecula market is RETAINING its value! ….Sarcasm right?
No sarcasm there. Temecula has and always has retained its value. Pricing on the other hand has been quite elastic.Josh
barnaby33Participantgangs and Escondido somehow don’t go together in my mind
… glad I asked…Um you must mean an Escondido, not in SoCal. The one I grew up in and around had plenty of them. I suppose if you only count the uber-white ring around the town as Escondido, then maybe. Otherwise you must be smokin’ crack.
Josh
barnaby33Participantgangs and Escondido somehow don’t go together in my mind
… glad I asked…Um you must mean an Escondido, not in SoCal. The one I grew up in and around had plenty of them. I suppose if you only count the uber-white ring around the town as Escondido, then maybe. Otherwise you must be smokin’ crack.
Josh
barnaby33ParticipantTime to revive this post. I was reading Ben’s blog and came across this quote. “Alan Gin, an economist at the University of San Diego, said high housing prices make it harder for companies to attract employees.”
Wow, that was kind of interesting. Now I know its a bit of a tangent to his opinions in this thread, but its only taken him two years or so to start changing his tune(Maybe). Its not like I follow all the things he says, but he sure was bullish a long way into the downturn.
Josh
barnaby33ParticipantNot that I really want to own a Lennar home, but it would be so cool to make enough off of shorting their stock to have a 20% down payment. JG, if you are out there, pray for me.
Josh
September 25, 2007 at 9:02 PM in reply to: Nice place but never in a million years could I afford it yet. #85912barnaby33ParticipantI am surprised, what no comments on the area being a SH#T hole? El Cajon Blvd is around the corner? No comments on hookers? What about the crummy schools, or the traffic congestion, gridlock?
Yep its a SH#T hole! I live two blocks away and my neighborhood is even worse so I know one when I see one. Still way better than El Cajon/Santee/Lakeside though.
Josh
barnaby33ParticipantNo no guys, its funkier and edgier here, really. Having your car stolen and lots of petty crime is what makes it so. Having your friends from the more white washed parts of town want to hang out there makes it even more so, honest. Funny how I’ve lived in NP for 2.5 years and never though funky or edgy once. Then again, I just don’t get it. Of course I don’t get 600k for any condo in 92104; even were it on morley field. Then again, I just don’t get it.
Josh
barnaby33ParticipantSome people value Northparks diversity and centralized location and have been willing to pony up accordingly. I’m not sure who those people are, or how close they need to be to their crack dealer, but they do exist.
I looked at La Boheme a year and a half ago out of curiosity. They were still constructing the building so I didn’t see any of the insides. The outside spoke volumes. Its located in a part of Northpark that might as well be in City Heights, its that diverse.
Anyone who pays more than rental value for something like that, even though its new construction is deluding themselves. Nortpark isn’t coming up in the world, in fact its re-ghetto-ing(is that a word) as we speak. Poor people aren’t going to go away in a down cycle, they are just going to move to Northpark!
Josh
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