[Bob]

[quote=poorsaver]I would welcome the foreclosure wave around my neighborhood (Diamond Bar, eastern LA county). There’s only one foreclosure listed in a neighborhood of over 700 homes. This explains why prices are holding firm near all time highs. Meanwhile I rent and wait, and wait….[/quote]

Although I’m not too familiar with your neck of the woods, if you really want to get in on a good deal, you might want to look in Riverside County. Places like Lake Elsinore, Murrieta, Temecula, and Menifee continue to have more than the average share of foreclosures compared to the rest of Southern California. And if this article turns out to be accurate, the entire region will have an increased supply in the coming months.

[Bob]

[quote=poorsaver]I would welcome the foreclosure wave around my neighborhood (Diamond Bar, eastern LA county). There’s only one foreclosure listed in a neighborhood of over 700 homes. This explains why prices are holding firm near all time highs. Meanwhile I rent and wait, and wait….[/quote]

Although I’m not too familiar with your neck of the woods, if you really want to get in on a good deal, you might want to look in Riverside County. Places like Lake Elsinore, Murrieta, Temecula, and Menifee continue to have more than the average share of foreclosures compared to the rest of Southern California. And if this article turns out to be accurate, the entire region will have an increased supply in the coming months.

[Bob]

[quote=poorsaver]I would welcome the foreclosure wave around my neighborhood (Diamond Bar, eastern LA county). There’s only one foreclosure listed in a neighborhood of over 700 homes. This explains why prices are holding firm near all time highs. Meanwhile I rent and wait, and wait….[/quote]

Although I’m not too familiar with your neck of the woods, if you really want to get in on a good deal, you might want to look in Riverside County. Places like Lake Elsinore, Murrieta, Temecula, and Menifee continue to have more than the average share of foreclosures compared to the rest of Southern California. And if this article turns out to be accurate, the entire region will have an increased supply in the coming months.

[Bob]

[quote=poorsaver]I would welcome the foreclosure wave around my neighborhood (Diamond Bar, eastern LA county). There’s only one foreclosure listed in a neighborhood of over 700 homes. This explains why prices are holding firm near all time highs. Meanwhile I rent and wait, and wait….[/quote]

Although I’m not too familiar with your neck of the woods, if you really want to get in on a good deal, you might want to look in Riverside County. Places like Lake Elsinore, Murrieta, Temecula, and Menifee continue to have more than the average share of foreclosures compared to the rest of Southern California. And if this article turns out to be accurate, the entire region will have an increased supply in the coming months.

[Bob]

[quote=poorsaver]I would welcome the foreclosure wave around my neighborhood (Diamond Bar, eastern LA county). There’s only one foreclosure listed in a neighborhood of over 700 homes. This explains why prices are holding firm near all time highs. Meanwhile I rent and wait, and wait….[/quote]

Although I’m not too familiar with your neck of the woods, if you really want to get in on a good deal, you might want to look in Riverside County. Places like Lake Elsinore, Murrieta, Temecula, and Menifee continue to have more than the average share of foreclosures compared to the rest of Southern California. And if this article turns out to be accurate, the entire region will have an increased supply in the coming months.

[Bob]

[quote=temeculaguy] So many factors can have an effect, I think inflation is something that gets very little play these days but I don’t see how it is avoided in the next few years. I also don’t think the gov’t will fight it since it will help solve both the housing crisis and the debt issues.[/quote]

Very little play ?…..Did you read my posts ? Inflation will have EVERYTHING to do with the slow recovery…As I stated earlier, the Feds are keeping rates artificially low by purchasing US treasuries…but they can’t do that forever because if they do, hyperinflation will hit with a vengeance. As it is, the money already spent will create significant inflation in the not too distant future, and the end result will be higher interest rates. In fact, while they might not admit it publically, the Feds are trying to CREATE inflation to solve the huge debt problem that runaway spending has caused.

On a side note, the next bubble to burst could very well be the bond market. How the Federal Reserve reacts in the next six to nine months will go a long way in determining what mortgage rates/housing market will look like in 2010, 2011, and beyond.

[Bob]

[quote=temeculaguy] So many factors can have an effect, I think inflation is something that gets very little play these days but I don’t see how it is avoided in the next few years. I also don’t think the gov’t will fight it since it will help solve both the housing crisis and the debt issues.[/quote]

Very little play ?…..Did you read my posts ? Inflation will have EVERYTHING to do with the slow recovery…As I stated earlier, the Feds are keeping rates artificially low by purchasing US treasuries…but they can’t do that forever because if they do, hyperinflation will hit with a vengeance. As it is, the money already spent will create significant inflation in the not too distant future, and the end result will be higher interest rates. In fact, while they might not admit it publically, the Feds are trying to CREATE inflation to solve the huge debt problem that runaway spending has caused.

On a side note, the next bubble to burst could very well be the bond market. How the Federal Reserve reacts in the next six to nine months will go a long way in determining what mortgage rates/housing market will look like in 2010, 2011, and beyond.

[Bob]

[quote=temeculaguy] So many factors can have an effect, I think inflation is something that gets very little play these days but I don’t see how it is avoided in the next few years. I also don’t think the gov’t will fight it since it will help solve both the housing crisis and the debt issues.[/quote]

Very little play ?…..Did you read my posts ? Inflation will have EVERYTHING to do with the slow recovery…As I stated earlier, the Feds are keeping rates artificially low by purchasing US treasuries…but they can’t do that forever because if they do, hyperinflation will hit with a vengeance. As it is, the money already spent will create significant inflation in the not too distant future, and the end result will be higher interest rates. In fact, while they might not admit it publically, the Feds are trying to CREATE inflation to solve the huge debt problem that runaway spending has caused.

On a side note, the next bubble to burst could very well be the bond market. How the Federal Reserve reacts in the next six to nine months will go a long way in determining what mortgage rates/housing market will look like in 2010, 2011, and beyond.

[Bob]

[quote=temeculaguy] So many factors can have an effect, I think inflation is something that gets very little play these days but I don’t see how it is avoided in the next few years. I also don’t think the gov’t will fight it since it will help solve both the housing crisis and the debt issues.[/quote]

Very little play ?…..Did you read my posts ? Inflation will have EVERYTHING to do with the slow recovery…As I stated earlier, the Feds are keeping rates artificially low by purchasing US treasuries…but they can’t do that forever because if they do, hyperinflation will hit with a vengeance. As it is, the money already spent will create significant inflation in the not too distant future, and the end result will be higher interest rates. In fact, while they might not admit it publically, the Feds are trying to CREATE inflation to solve the huge debt problem that runaway spending has caused.

On a side note, the next bubble to burst could very well be the bond market. How the Federal Reserve reacts in the next six to nine months will go a long way in determining what mortgage rates/housing market will look like in 2010, 2011, and beyond.

[Bob]

[quote=temeculaguy] So many factors can have an effect, I think inflation is something that gets very little play these days but I don’t see how it is avoided in the next few years. I also don’t think the gov’t will fight it since it will help solve both the housing crisis and the debt issues.[/quote]

Very little play ?…..Did you read my posts ? Inflation will have EVERYTHING to do with the slow recovery…As I stated earlier, the Feds are keeping rates artificially low by purchasing US treasuries…but they can’t do that forever because if they do, hyperinflation will hit with a vengeance. As it is, the money already spent will create significant inflation in the not too distant future, and the end result will be higher interest rates. In fact, while they might not admit it publically, the Feds are trying to CREATE inflation to solve the huge debt problem that runaway spending has caused.

On a side note, the next bubble to burst could very well be the bond market. How the Federal Reserve reacts in the next six to nine months will go a long way in determining what mortgage rates/housing market will look like in 2010, 2011, and beyond.

[Bob]

Not surprising considering the numerous moratoriums took thousands of potential foreclosures off the market.

[Bob]

Not surprising considering the numerous moratoriums took thousands of potential foreclosures off the market.

[Bob]

Not surprising considering the numerous moratoriums took thousands of potential foreclosures off the market.

[Bob]

Not surprising considering the numerous moratoriums took thousands of potential foreclosures off the market.

[Bob]

Not surprising considering the numerous moratoriums took thousands of potential foreclosures off the market.

[Author]

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