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bearvine
ParticipantBank Inventory…
From what I understand they don’t hit the market all at once for a number of reasons:
It takes awhile to get it up for sale
They are trying to off the paper to another investor without a listing- they would rather sell in bulk this way, sell for less but move more
They don’t want to flood the market
It looks bad and is bad pr for their other primary banking units if they throw it all out thereSorry nothing concrete there.
Even if they aren’t holding back, we do know there will be more defaults coming en masse.
ParticipantBank Inventory…
From what I understand they don’t hit the market all at once for a number of reasons:
It takes awhile to get it up for sale
They are trying to off the paper to another investor without a listing- they would rather sell in bulk this way, sell for less but move more
They don’t want to flood the market
It looks bad and is bad pr for their other primary banking units if they throw it all out thereSorry nothing concrete there.
Even if they aren’t holding back, we do know there will be more defaults coming en masse.
ParticipantBank Inventory…
From what I understand they don’t hit the market all at once for a number of reasons:
It takes awhile to get it up for sale
They are trying to off the paper to another investor without a listing- they would rather sell in bulk this way, sell for less but move more
They don’t want to flood the market
It looks bad and is bad pr for their other primary banking units if they throw it all out thereSorry nothing concrete there.
Even if they aren’t holding back, we do know there will be more defaults coming en masse.
ParticipantBank Inventory…
From what I understand they don’t hit the market all at once for a number of reasons:
It takes awhile to get it up for sale
They are trying to off the paper to another investor without a listing- they would rather sell in bulk this way, sell for less but move more
They don’t want to flood the market
It looks bad and is bad pr for their other primary banking units if they throw it all out thereSorry nothing concrete there.
Even if they aren’t holding back, we do know there will be more defaults coming en masse.
ParticipantThe Wire– excerpt from a review
David Simon, creator of “The Wire,” is not only a television veteran but also a former journalist who knows jaded from bitter and, one might guess from the downbeat story lines in his achingly realistic drama, a guy who understands the human condition.
No doubt, then, a small part of him must be relishing – nay, enduring – what amounts to more cold truth about life. And especially life in the entertainment business. First, his show – which will go down as arguably the best drama in the history of television – is getting more attention than it ever has. “The Wire” – either because people finally started to listen to a rising chorus of critics or because “The Sopranos” is retired or because pop culture buzz has no discernible reason to it – is the show everybody’s talking about right now.
But it doesn’t matter.
Four million – or 14 million – people could watch the final season’s premiere on Sunday. It doesn’t matter. All 10 episodes will get shown anyway. The war is over. All that confetti can’t hide the wounds it took to get this far.
Second, Simon always felt conflicted when critics called “The Wire” complex and difficult. Those are great attributes in a series. But they scare away viewers. For all you newbies – Season 5 is exquisitely complex and difficult.
And yet, the payoff for getting to Season 5 is greater than the privilege of watching a masterful piece of work, season after season. That’s reward in itself. Season 5 is the culmination of brilliant, nuanced storytelling, exceptional acting and the fearlessness of Simon and his writers from the get-go in telling novelistic stories on television without pandering. When it all ends, that’s the priceless denouement that none of this year’s buzz can buy the latecomers. To get it all, you need to have seen it all.
The plus side is, eventually people will Netflix or buy the DVDs. “The Wire” will be seen. The legacy is already written.
ParticipantThe Wire– excerpt from a review
David Simon, creator of “The Wire,” is not only a television veteran but also a former journalist who knows jaded from bitter and, one might guess from the downbeat story lines in his achingly realistic drama, a guy who understands the human condition.
No doubt, then, a small part of him must be relishing – nay, enduring – what amounts to more cold truth about life. And especially life in the entertainment business. First, his show – which will go down as arguably the best drama in the history of television – is getting more attention than it ever has. “The Wire” – either because people finally started to listen to a rising chorus of critics or because “The Sopranos” is retired or because pop culture buzz has no discernible reason to it – is the show everybody’s talking about right now.
But it doesn’t matter.
Four million – or 14 million – people could watch the final season’s premiere on Sunday. It doesn’t matter. All 10 episodes will get shown anyway. The war is over. All that confetti can’t hide the wounds it took to get this far.
Second, Simon always felt conflicted when critics called “The Wire” complex and difficult. Those are great attributes in a series. But they scare away viewers. For all you newbies – Season 5 is exquisitely complex and difficult.
And yet, the payoff for getting to Season 5 is greater than the privilege of watching a masterful piece of work, season after season. That’s reward in itself. Season 5 is the culmination of brilliant, nuanced storytelling, exceptional acting and the fearlessness of Simon and his writers from the get-go in telling novelistic stories on television without pandering. When it all ends, that’s the priceless denouement that none of this year’s buzz can buy the latecomers. To get it all, you need to have seen it all.
The plus side is, eventually people will Netflix or buy the DVDs. “The Wire” will be seen. The legacy is already written.
ParticipantThe Wire– excerpt from a review
David Simon, creator of “The Wire,” is not only a television veteran but also a former journalist who knows jaded from bitter and, one might guess from the downbeat story lines in his achingly realistic drama, a guy who understands the human condition.
No doubt, then, a small part of him must be relishing – nay, enduring – what amounts to more cold truth about life. And especially life in the entertainment business. First, his show – which will go down as arguably the best drama in the history of television – is getting more attention than it ever has. “The Wire” – either because people finally started to listen to a rising chorus of critics or because “The Sopranos” is retired or because pop culture buzz has no discernible reason to it – is the show everybody’s talking about right now.
But it doesn’t matter.
Four million – or 14 million – people could watch the final season’s premiere on Sunday. It doesn’t matter. All 10 episodes will get shown anyway. The war is over. All that confetti can’t hide the wounds it took to get this far.
Second, Simon always felt conflicted when critics called “The Wire” complex and difficult. Those are great attributes in a series. But they scare away viewers. For all you newbies – Season 5 is exquisitely complex and difficult.
And yet, the payoff for getting to Season 5 is greater than the privilege of watching a masterful piece of work, season after season. That’s reward in itself. Season 5 is the culmination of brilliant, nuanced storytelling, exceptional acting and the fearlessness of Simon and his writers from the get-go in telling novelistic stories on television without pandering. When it all ends, that’s the priceless denouement that none of this year’s buzz can buy the latecomers. To get it all, you need to have seen it all.
The plus side is, eventually people will Netflix or buy the DVDs. “The Wire” will be seen. The legacy is already written.
ParticipantThe Wire– excerpt from a review
David Simon, creator of “The Wire,” is not only a television veteran but also a former journalist who knows jaded from bitter and, one might guess from the downbeat story lines in his achingly realistic drama, a guy who understands the human condition.
No doubt, then, a small part of him must be relishing – nay, enduring – what amounts to more cold truth about life. And especially life in the entertainment business. First, his show – which will go down as arguably the best drama in the history of television – is getting more attention than it ever has. “The Wire” – either because people finally started to listen to a rising chorus of critics or because “The Sopranos” is retired or because pop culture buzz has no discernible reason to it – is the show everybody’s talking about right now.
But it doesn’t matter.
Four million – or 14 million – people could watch the final season’s premiere on Sunday. It doesn’t matter. All 10 episodes will get shown anyway. The war is over. All that confetti can’t hide the wounds it took to get this far.
Second, Simon always felt conflicted when critics called “The Wire” complex and difficult. Those are great attributes in a series. But they scare away viewers. For all you newbies – Season 5 is exquisitely complex and difficult.
And yet, the payoff for getting to Season 5 is greater than the privilege of watching a masterful piece of work, season after season. That’s reward in itself. Season 5 is the culmination of brilliant, nuanced storytelling, exceptional acting and the fearlessness of Simon and his writers from the get-go in telling novelistic stories on television without pandering. When it all ends, that’s the priceless denouement that none of this year’s buzz can buy the latecomers. To get it all, you need to have seen it all.
The plus side is, eventually people will Netflix or buy the DVDs. “The Wire” will be seen. The legacy is already written.
ParticipantThe Wire– excerpt from a review
David Simon, creator of “The Wire,” is not only a television veteran but also a former journalist who knows jaded from bitter and, one might guess from the downbeat story lines in his achingly realistic drama, a guy who understands the human condition.
No doubt, then, a small part of him must be relishing – nay, enduring – what amounts to more cold truth about life. And especially life in the entertainment business. First, his show – which will go down as arguably the best drama in the history of television – is getting more attention than it ever has. “The Wire” – either because people finally started to listen to a rising chorus of critics or because “The Sopranos” is retired or because pop culture buzz has no discernible reason to it – is the show everybody’s talking about right now.
But it doesn’t matter.
Four million – or 14 million – people could watch the final season’s premiere on Sunday. It doesn’t matter. All 10 episodes will get shown anyway. The war is over. All that confetti can’t hide the wounds it took to get this far.
Second, Simon always felt conflicted when critics called “The Wire” complex and difficult. Those are great attributes in a series. But they scare away viewers. For all you newbies – Season 5 is exquisitely complex and difficult.
And yet, the payoff for getting to Season 5 is greater than the privilege of watching a masterful piece of work, season after season. That’s reward in itself. Season 5 is the culmination of brilliant, nuanced storytelling, exceptional acting and the fearlessness of Simon and his writers from the get-go in telling novelistic stories on television without pandering. When it all ends, that’s the priceless denouement that none of this year’s buzz can buy the latecomers. To get it all, you need to have seen it all.
The plus side is, eventually people will Netflix or buy the DVDs. “The Wire” will be seen. The legacy is already written.
January 5, 2008 at 12:45 AM in reply to: $200K price drop on house…what’s going on in Temecula? #129770ParticipantIn 1992, I bought a home as the market was crashing for $350k from the developer, to keep the prices “up”, and this in an area much more desirable than Temecula.
After closing, I was given a cashiers check for $50k.
At the time I was young and simply thought that was how it worked.
Think that isnt happening or wont happen now?
McMillin is cutting deals right now, have been for awhile, and those prices above are for suckers, and they use it as a sales tool when they offer a serious buyer a deal.
In regards to Morgan Hill, Did you already forget the REO’s that were listed under $120?
I had 3 homes in Morgan Hill at different points, and even in the market peak, many were freaking out because they couldn’t afford their homes. And when we left the last one, there wasn’t a neighbor not feeling the pain and freaking out.
Go back to one of my old posts and watch the LA NBC channel 4 report and see how a Morgan Hill street was panicking months ago. Think they feel any better now?
How about on Tudal, houses dropping and then you got your neighbor with the astroturf? Not fake grass, astroturf front lawn.
Just because many there in Morgan Hill got screwed, and paid 600-700k, and some more, doesn’t mean they are not going to lose their shirts.
Don’t you think the former Greystones just down the street and older rundown Redhawk areas a block away won’t have an impact? You can buy a 4000 sq ft Greystone right now for 400k.
Also, you failed to mention that those same Blackstone homes, some sold for $700+. I have a friend who offered $600k for the plan 3 and was laughed out of the office not to long ago. Now they’ll take a shade over 500k for that. How about in another year?
And what happens when the McMillin sons decide to off the hundreds of graded lots on the cheap, the so called Phase 3 of Morgan Hill?
McMillin claims that they are private and not subject to the same pressures as the public builders. True, but their pockets aren’t as deep, and their holdings are SD based and tell me that market isn’t hurting.
If they decide to get out, and pull the trigger, they will dump all those empty lots to KB, Centex, or some other low end builder and just watch. Not to mention auctioning off what’s left.
The real auctions, not the BS ones that are on now, but when the market gets to the point where the blowout auctions occur as they did in the mid 90’s (in primo areas mind you) that’s when you know we are near the bottom.
Give it a few years. The Reaper is coming.
January 5, 2008 at 12:45 AM in reply to: $200K price drop on house…what’s going on in Temecula? #129941ParticipantIn 1992, I bought a home as the market was crashing for $350k from the developer, to keep the prices “up”, and this in an area much more desirable than Temecula.
After closing, I was given a cashiers check for $50k.
At the time I was young and simply thought that was how it worked.
Think that isnt happening or wont happen now?
McMillin is cutting deals right now, have been for awhile, and those prices above are for suckers, and they use it as a sales tool when they offer a serious buyer a deal.
In regards to Morgan Hill, Did you already forget the REO’s that were listed under $120?
I had 3 homes in Morgan Hill at different points, and even in the market peak, many were freaking out because they couldn’t afford their homes. And when we left the last one, there wasn’t a neighbor not feeling the pain and freaking out.
Go back to one of my old posts and watch the LA NBC channel 4 report and see how a Morgan Hill street was panicking months ago. Think they feel any better now?
How about on Tudal, houses dropping and then you got your neighbor with the astroturf? Not fake grass, astroturf front lawn.
Just because many there in Morgan Hill got screwed, and paid 600-700k, and some more, doesn’t mean they are not going to lose their shirts.
Don’t you think the former Greystones just down the street and older rundown Redhawk areas a block away won’t have an impact? You can buy a 4000 sq ft Greystone right now for 400k.
Also, you failed to mention that those same Blackstone homes, some sold for $700+. I have a friend who offered $600k for the plan 3 and was laughed out of the office not to long ago. Now they’ll take a shade over 500k for that. How about in another year?
And what happens when the McMillin sons decide to off the hundreds of graded lots on the cheap, the so called Phase 3 of Morgan Hill?
McMillin claims that they are private and not subject to the same pressures as the public builders. True, but their pockets aren’t as deep, and their holdings are SD based and tell me that market isn’t hurting.
If they decide to get out, and pull the trigger, they will dump all those empty lots to KB, Centex, or some other low end builder and just watch. Not to mention auctioning off what’s left.
The real auctions, not the BS ones that are on now, but when the market gets to the point where the blowout auctions occur as they did in the mid 90’s (in primo areas mind you) that’s when you know we are near the bottom.
Give it a few years. The Reaper is coming.
January 5, 2008 at 12:45 AM in reply to: $200K price drop on house…what’s going on in Temecula? #129947ParticipantIn 1992, I bought a home as the market was crashing for $350k from the developer, to keep the prices “up”, and this in an area much more desirable than Temecula.
After closing, I was given a cashiers check for $50k.
At the time I was young and simply thought that was how it worked.
Think that isnt happening or wont happen now?
McMillin is cutting deals right now, have been for awhile, and those prices above are for suckers, and they use it as a sales tool when they offer a serious buyer a deal.
In regards to Morgan Hill, Did you already forget the REO’s that were listed under $120?
I had 3 homes in Morgan Hill at different points, and even in the market peak, many were freaking out because they couldn’t afford their homes. And when we left the last one, there wasn’t a neighbor not feeling the pain and freaking out.
Go back to one of my old posts and watch the LA NBC channel 4 report and see how a Morgan Hill street was panicking months ago. Think they feel any better now?
How about on Tudal, houses dropping and then you got your neighbor with the astroturf? Not fake grass, astroturf front lawn.
Just because many there in Morgan Hill got screwed, and paid 600-700k, and some more, doesn’t mean they are not going to lose their shirts.
Don’t you think the former Greystones just down the street and older rundown Redhawk areas a block away won’t have an impact? You can buy a 4000 sq ft Greystone right now for 400k.
Also, you failed to mention that those same Blackstone homes, some sold for $700+. I have a friend who offered $600k for the plan 3 and was laughed out of the office not to long ago. Now they’ll take a shade over 500k for that. How about in another year?
And what happens when the McMillin sons decide to off the hundreds of graded lots on the cheap, the so called Phase 3 of Morgan Hill?
McMillin claims that they are private and not subject to the same pressures as the public builders. True, but their pockets aren’t as deep, and their holdings are SD based and tell me that market isn’t hurting.
If they decide to get out, and pull the trigger, they will dump all those empty lots to KB, Centex, or some other low end builder and just watch. Not to mention auctioning off what’s left.
The real auctions, not the BS ones that are on now, but when the market gets to the point where the blowout auctions occur as they did in the mid 90’s (in primo areas mind you) that’s when you know we are near the bottom.
Give it a few years. The Reaper is coming.
January 5, 2008 at 12:45 AM in reply to: $200K price drop on house…what’s going on in Temecula? #130017ParticipantIn 1992, I bought a home as the market was crashing for $350k from the developer, to keep the prices “up”, and this in an area much more desirable than Temecula.
After closing, I was given a cashiers check for $50k.
At the time I was young and simply thought that was how it worked.
Think that isnt happening or wont happen now?
McMillin is cutting deals right now, have been for awhile, and those prices above are for suckers, and they use it as a sales tool when they offer a serious buyer a deal.
In regards to Morgan Hill, Did you already forget the REO’s that were listed under $120?
I had 3 homes in Morgan Hill at different points, and even in the market peak, many were freaking out because they couldn’t afford their homes. And when we left the last one, there wasn’t a neighbor not feeling the pain and freaking out.
Go back to one of my old posts and watch the LA NBC channel 4 report and see how a Morgan Hill street was panicking months ago. Think they feel any better now?
How about on Tudal, houses dropping and then you got your neighbor with the astroturf? Not fake grass, astroturf front lawn.
Just because many there in Morgan Hill got screwed, and paid 600-700k, and some more, doesn’t mean they are not going to lose their shirts.
Don’t you think the former Greystones just down the street and older rundown Redhawk areas a block away won’t have an impact? You can buy a 4000 sq ft Greystone right now for 400k.
Also, you failed to mention that those same Blackstone homes, some sold for $700+. I have a friend who offered $600k for the plan 3 and was laughed out of the office not to long ago. Now they’ll take a shade over 500k for that. How about in another year?
And what happens when the McMillin sons decide to off the hundreds of graded lots on the cheap, the so called Phase 3 of Morgan Hill?
McMillin claims that they are private and not subject to the same pressures as the public builders. True, but their pockets aren’t as deep, and their holdings are SD based and tell me that market isn’t hurting.
If they decide to get out, and pull the trigger, they will dump all those empty lots to KB, Centex, or some other low end builder and just watch. Not to mention auctioning off what’s left.
The real auctions, not the BS ones that are on now, but when the market gets to the point where the blowout auctions occur as they did in the mid 90’s (in primo areas mind you) that’s when you know we are near the bottom.
Give it a few years. The Reaper is coming.
January 5, 2008 at 12:45 AM in reply to: $200K price drop on house…what’s going on in Temecula? #130046ParticipantIn 1992, I bought a home as the market was crashing for $350k from the developer, to keep the prices “up”, and this in an area much more desirable than Temecula.
After closing, I was given a cashiers check for $50k.
At the time I was young and simply thought that was how it worked.
Think that isnt happening or wont happen now?
McMillin is cutting deals right now, have been for awhile, and those prices above are for suckers, and they use it as a sales tool when they offer a serious buyer a deal.
In regards to Morgan Hill, Did you already forget the REO’s that were listed under $120?
I had 3 homes in Morgan Hill at different points, and even in the market peak, many were freaking out because they couldn’t afford their homes. And when we left the last one, there wasn’t a neighbor not feeling the pain and freaking out.
Go back to one of my old posts and watch the LA NBC channel 4 report and see how a Morgan Hill street was panicking months ago. Think they feel any better now?
How about on Tudal, houses dropping and then you got your neighbor with the astroturf? Not fake grass, astroturf front lawn.
Just because many there in Morgan Hill got screwed, and paid 600-700k, and some more, doesn’t mean they are not going to lose their shirts.
Don’t you think the former Greystones just down the street and older rundown Redhawk areas a block away won’t have an impact? You can buy a 4000 sq ft Greystone right now for 400k.
Also, you failed to mention that those same Blackstone homes, some sold for $700+. I have a friend who offered $600k for the plan 3 and was laughed out of the office not to long ago. Now they’ll take a shade over 500k for that. How about in another year?
And what happens when the McMillin sons decide to off the hundreds of graded lots on the cheap, the so called Phase 3 of Morgan Hill?
McMillin claims that they are private and not subject to the same pressures as the public builders. True, but their pockets aren’t as deep, and their holdings are SD based and tell me that market isn’t hurting.
If they decide to get out, and pull the trigger, they will dump all those empty lots to KB, Centex, or some other low end builder and just watch. Not to mention auctioning off what’s left.
The real auctions, not the BS ones that are on now, but when the market gets to the point where the blowout auctions occur as they did in the mid 90’s (in primo areas mind you) that’s when you know we are near the bottom.
Give it a few years. The Reaper is coming.
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