[betting on fall]

Total Jan. sales per Sandicor (all unit types) was 1335. See
http://www.sandicor.com/statistics/stats2008/01-2008/January-2008.pdf

So January saw more “must sell” REO inventory created than total inventory absorbed. I think this shows we are really at the edge of a cliff.

Must sells must sell. Looks like there are still not nearly enough buyers to absorb that inventory at current prices. Demand will need to be created by some serious price cuts. Those comp killing price cuts will lead to more
foreclosures. Lather, Rinse, Repeat. I don’t see how any amount of goverment meddling can slow the process down.

[betting on fall]

Total Jan. sales per Sandicor (all unit types) was 1335. See
http://www.sandicor.com/statistics/stats2008/01-2008/January-2008.pdf

So January saw more “must sell” REO inventory created than total inventory absorbed. I think this shows we are really at the edge of a cliff.

Must sells must sell. Looks like there are still not nearly enough buyers to absorb that inventory at current prices. Demand will need to be created by some serious price cuts. Those comp killing price cuts will lead to more
foreclosures. Lather, Rinse, Repeat. I don’t see how any amount of goverment meddling can slow the process down.

[betting on fall]

Total Jan. sales per Sandicor (all unit types) was 1335. See
http://www.sandicor.com/statistics/stats2008/01-2008/January-2008.pdf

So January saw more “must sell” REO inventory created than total inventory absorbed. I think this shows we are really at the edge of a cliff.

Must sells must sell. Looks like there are still not nearly enough buyers to absorb that inventory at current prices. Demand will need to be created by some serious price cuts. Those comp killing price cuts will lead to more
foreclosures. Lather, Rinse, Repeat. I don’t see how any amount of goverment meddling can slow the process down.

[betting on fall]

Total Jan. sales per Sandicor (all unit types) was 1335. See
http://www.sandicor.com/statistics/stats2008/01-2008/January-2008.pdf

So January saw more “must sell” REO inventory created than total inventory absorbed. I think this shows we are really at the edge of a cliff.

Must sells must sell. Looks like there are still not nearly enough buyers to absorb that inventory at current prices. Demand will need to be created by some serious price cuts. Those comp killing price cuts will lead to more
foreclosures. Lather, Rinse, Repeat. I don’t see how any amount of goverment meddling can slow the process down.

[betting on fall]

Total Jan. sales per Sandicor (all unit types) was 1335. See
http://www.sandicor.com/statistics/stats2008/01-2008/January-2008.pdf

So January saw more “must sell” REO inventory created than total inventory absorbed. I think this shows we are really at the edge of a cliff.

Must sells must sell. Looks like there are still not nearly enough buyers to absorb that inventory at current prices. Demand will need to be created by some serious price cuts. Those comp killing price cuts will lead to more
foreclosures. Lather, Rinse, Repeat. I don’t see how any amount of goverment meddling can slow the process down.

[betting on fall]

jpinpb- like your crazy train analogy.
The private sector has finally run out of ways to keep the consumer spending spree going, so now the government has to step in and prod the consumer along with cash and now by taking on the risk of new loans the private sector won’t make.

We love the market economy until it stops loving us back, then we seem to have no problem being socialists. But god forbid we get taxed like socialist to pay for it.

[betting on fall]

jpinpb- like your crazy train analogy.
The private sector has finally run out of ways to keep the consumer spending spree going, so now the government has to step in and prod the consumer along with cash and now by taking on the risk of new loans the private sector won’t make.

We love the market economy until it stops loving us back, then we seem to have no problem being socialists. But god forbid we get taxed like socialist to pay for it.

[betting on fall]

jpinpb- like your crazy train analogy.
The private sector has finally run out of ways to keep the consumer spending spree going, so now the government has to step in and prod the consumer along with cash and now by taking on the risk of new loans the private sector won’t make.

We love the market economy until it stops loving us back, then we seem to have no problem being socialists. But god forbid we get taxed like socialist to pay for it.

[betting on fall]

jpinpb- like your crazy train analogy.
The private sector has finally run out of ways to keep the consumer spending spree going, so now the government has to step in and prod the consumer along with cash and now by taking on the risk of new loans the private sector won’t make.

We love the market economy until it stops loving us back, then we seem to have no problem being socialists. But god forbid we get taxed like socialist to pay for it.

[betting on fall]

jpinpb- like your crazy train analogy.
The private sector has finally run out of ways to keep the consumer spending spree going, so now the government has to step in and prod the consumer along with cash and now by taking on the risk of new loans the private sector won’t make.

We love the market economy until it stops loving us back, then we seem to have no problem being socialists. But god forbid we get taxed like socialist to pay for it.

[betting on fall]

That part of Norman has lots of weird stuff going on.
6462 seems to be some kind of slow flip attempt. I think the current owner bought about two or three years ago, did some work, and has had it off and on the maket for a while now. One of the last listings said “last chance to buy before it becomes a rental!” As if that was some kind of threat. The place is UGLY (at least on the outside).

Its the house between 6462 and the teardown that’s the most interesting- 6480 Norman. This was the house purchased with the profits from an insider trading scam at a local high tech company. It was listed as “corporate owned” in November at 850-900K and went pending quickly. Not closed yet, but I think someone might have gotten a pretty good deal. Anyone get in to see that one?

[betting on fall]

That part of Norman has lots of weird stuff going on.
6462 seems to be some kind of slow flip attempt. I think the current owner bought about two or three years ago, did some work, and has had it off and on the maket for a while now. One of the last listings said “last chance to buy before it becomes a rental!” As if that was some kind of threat. The place is UGLY (at least on the outside).

Its the house between 6462 and the teardown that’s the most interesting- 6480 Norman. This was the house purchased with the profits from an insider trading scam at a local high tech company. It was listed as “corporate owned” in November at 850-900K and went pending quickly. Not closed yet, but I think someone might have gotten a pretty good deal. Anyone get in to see that one?

[betting on fall]

That part of Norman has lots of weird stuff going on.
6462 seems to be some kind of slow flip attempt. I think the current owner bought about two or three years ago, did some work, and has had it off and on the maket for a while now. One of the last listings said “last chance to buy before it becomes a rental!” As if that was some kind of threat. The place is UGLY (at least on the outside).

Its the house between 6462 and the teardown that’s the most interesting- 6480 Norman. This was the house purchased with the profits from an insider trading scam at a local high tech company. It was listed as “corporate owned” in November at 850-900K and went pending quickly. Not closed yet, but I think someone might have gotten a pretty good deal. Anyone get in to see that one?

[betting on fall]

That part of Norman has lots of weird stuff going on.
6462 seems to be some kind of slow flip attempt. I think the current owner bought about two or three years ago, did some work, and has had it off and on the maket for a while now. One of the last listings said “last chance to buy before it becomes a rental!” As if that was some kind of threat. The place is UGLY (at least on the outside).

Its the house between 6462 and the teardown that’s the most interesting- 6480 Norman. This was the house purchased with the profits from an insider trading scam at a local high tech company. It was listed as “corporate owned” in November at 850-900K and went pending quickly. Not closed yet, but I think someone might have gotten a pretty good deal. Anyone get in to see that one?

[betting on fall]

That part of Norman has lots of weird stuff going on.
6462 seems to be some kind of slow flip attempt. I think the current owner bought about two or three years ago, did some work, and has had it off and on the maket for a while now. One of the last listings said “last chance to buy before it becomes a rental!” As if that was some kind of threat. The place is UGLY (at least on the outside).

Its the house between 6462 and the teardown that’s the most interesting- 6480 Norman. This was the house purchased with the profits from an insider trading scam at a local high tech company. It was listed as “corporate owned” in November at 850-900K and went pending quickly. Not closed yet, but I think someone might have gotten a pretty good deal. Anyone get in to see that one?

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