[Baron von Rothschild]

The change was due to political pressure. Can you say “election year”?

I wonder what happens after November.

[Baron von Rothschild]

The change was due to political pressure. Can you say “election year”?

I wonder what happens after November.

[Baron von Rothschild]

The change was due to political pressure. Can you say “election year”?

I wonder what happens after November.

[Baron von Rothschild]

The change was due to political pressure. Can you say “election year”?

I wonder what happens after November.

[Baron von Rothschild]

The change was due to political pressure. Can you say “election year”?

I wonder what happens after November.

[Baron von Rothschild]

My hypothesis is this: people with school age kids who intend to walk away will time the foreclosure for summer. That gives the kids time to finish this school year, and for the family to move before the next. I’m not sure if it’s a big enough phenomenon to be apparent in the statistics, but I know that’s what I would do if I were walking away for strategic financial reasons (which I’m not–I’m a renter waiting out the bust).

[Baron von Rothschild]

My hypothesis is this: people with school age kids who intend to walk away will time the foreclosure for summer. That gives the kids time to finish this school year, and for the family to move before the next. I’m not sure if it’s a big enough phenomenon to be apparent in the statistics, but I know that’s what I would do if I were walking away for strategic financial reasons (which I’m not–I’m a renter waiting out the bust).

[Baron von Rothschild]

My hypothesis is this: people with school age kids who intend to walk away will time the foreclosure for summer. That gives the kids time to finish this school year, and for the family to move before the next. I’m not sure if it’s a big enough phenomenon to be apparent in the statistics, but I know that’s what I would do if I were walking away for strategic financial reasons (which I’m not–I’m a renter waiting out the bust).

[Baron von Rothschild]

My hypothesis is this: people with school age kids who intend to walk away will time the foreclosure for summer. That gives the kids time to finish this school year, and for the family to move before the next. I’m not sure if it’s a big enough phenomenon to be apparent in the statistics, but I know that’s what I would do if I were walking away for strategic financial reasons (which I’m not–I’m a renter waiting out the bust).

[Baron von Rothschild]

My hypothesis is this: people with school age kids who intend to walk away will time the foreclosure for summer. That gives the kids time to finish this school year, and for the family to move before the next. I’m not sure if it’s a big enough phenomenon to be apparent in the statistics, but I know that’s what I would do if I were walking away for strategic financial reasons (which I’m not–I’m a renter waiting out the bust).

[Baron von Rothschild]

Our weekend field trip to Temecula was fascinating. Here’s the report:

1. Butterfield Stage Road is built big. It’s clear from the ariel photo in the builder sales office that this road will be a major traffic route when completed. Yuck.

2. I agree with TG that sub-3,000 foot homes in Morgan Hills need to be under $300,000 (and not near Butterfield). The builder is looking for high $400,000s now and resales in the upper $300,000s to low $400,000s. In fact, the entire city of Temecula still feels 30-40% overvalued. And every $3 per barrel of oil seems like it would shave another 1% off value.

3. TG, my wife was confused by the RV garages in the $1 million homes you like. We’ve never seen RV garages and aren’t sure what to make of them. It looks like 4-5 of those properties are in immediate trouble and may be lost to foreclosure. The good news is that these people won’t be homeless (wife’s joke).

[Baron von Rothschild]

Our weekend field trip to Temecula was fascinating. Here’s the report:

1. Butterfield Stage Road is built big. It’s clear from the ariel photo in the builder sales office that this road will be a major traffic route when completed. Yuck.

2. I agree with TG that sub-3,000 foot homes in Morgan Hills need to be under $300,000 (and not near Butterfield). The builder is looking for high $400,000s now and resales in the upper $300,000s to low $400,000s. In fact, the entire city of Temecula still feels 30-40% overvalued. And every $3 per barrel of oil seems like it would shave another 1% off value.

3. TG, my wife was confused by the RV garages in the $1 million homes you like. We’ve never seen RV garages and aren’t sure what to make of them. It looks like 4-5 of those properties are in immediate trouble and may be lost to foreclosure. The good news is that these people won’t be homeless (wife’s joke).

[Baron von Rothschild]

Our weekend field trip to Temecula was fascinating. Here’s the report:

1. Butterfield Stage Road is built big. It’s clear from the ariel photo in the builder sales office that this road will be a major traffic route when completed. Yuck.

2. I agree with TG that sub-3,000 foot homes in Morgan Hills need to be under $300,000 (and not near Butterfield). The builder is looking for high $400,000s now and resales in the upper $300,000s to low $400,000s. In fact, the entire city of Temecula still feels 30-40% overvalued. And every $3 per barrel of oil seems like it would shave another 1% off value.

3. TG, my wife was confused by the RV garages in the $1 million homes you like. We’ve never seen RV garages and aren’t sure what to make of them. It looks like 4-5 of those properties are in immediate trouble and may be lost to foreclosure. The good news is that these people won’t be homeless (wife’s joke).

[Baron von Rothschild]

Our weekend field trip to Temecula was fascinating. Here’s the report:

1. Butterfield Stage Road is built big. It’s clear from the ariel photo in the builder sales office that this road will be a major traffic route when completed. Yuck.

2. I agree with TG that sub-3,000 foot homes in Morgan Hills need to be under $300,000 (and not near Butterfield). The builder is looking for high $400,000s now and resales in the upper $300,000s to low $400,000s. In fact, the entire city of Temecula still feels 30-40% overvalued. And every $3 per barrel of oil seems like it would shave another 1% off value.

3. TG, my wife was confused by the RV garages in the $1 million homes you like. We’ve never seen RV garages and aren’t sure what to make of them. It looks like 4-5 of those properties are in immediate trouble and may be lost to foreclosure. The good news is that these people won’t be homeless (wife’s joke).

[Baron von Rothschild]

Our weekend field trip to Temecula was fascinating. Here’s the report:

1. Butterfield Stage Road is built big. It’s clear from the ariel photo in the builder sales office that this road will be a major traffic route when completed. Yuck.

2. I agree with TG that sub-3,000 foot homes in Morgan Hills need to be under $300,000 (and not near Butterfield). The builder is looking for high $400,000s now and resales in the upper $300,000s to low $400,000s. In fact, the entire city of Temecula still feels 30-40% overvalued. And every $3 per barrel of oil seems like it would shave another 1% off value.

3. TG, my wife was confused by the RV garages in the $1 million homes you like. We’ve never seen RV garages and aren’t sure what to make of them. It looks like 4-5 of those properties are in immediate trouble and may be lost to foreclosure. The good news is that these people won’t be homeless (wife’s joke).

[Author]

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