[cr]

[quote=The author]”While sales appear to have turned the corner…[/quote]

Though he goes on to say why prices will continue to decline I don’t agree that we’ve even turned the corner yet.

Sales have only picked up because the prices dropped. Most them are REOs, and some were bought by people defaulting on their former property, down-sizing to something affordable and claiming rental income on the previous house before the foreclosure process starts.

Not exactly signs of a turn-around IMO.

[cr]

[quote=The author]”While sales appear to have turned the corner…[/quote]

Though he goes on to say why prices will continue to decline I don’t agree that we’ve even turned the corner yet.

Sales have only picked up because the prices dropped. Most them are REOs, and some were bought by people defaulting on their former property, down-sizing to something affordable and claiming rental income on the previous house before the foreclosure process starts.

Not exactly signs of a turn-around IMO.

[cr]

[quote=The author]”While sales appear to have turned the corner…[/quote]

Though he goes on to say why prices will continue to decline I don’t agree that we’ve even turned the corner yet.

Sales have only picked up because the prices dropped. Most them are REOs, and some were bought by people defaulting on their former property, down-sizing to something affordable and claiming rental income on the previous house before the foreclosure process starts.

Not exactly signs of a turn-around IMO.

[cr]

[quote=The author]”While sales appear to have turned the corner…[/quote]

Though he goes on to say why prices will continue to decline I don’t agree that we’ve even turned the corner yet.

Sales have only picked up because the prices dropped. Most them are REOs, and some were bought by people defaulting on their former property, down-sizing to something affordable and claiming rental income on the previous house before the foreclosure process starts.

Not exactly signs of a turn-around IMO.

[cr]

I’m actually a bigger Angel fan than Dodger fan, but the Dodgers can be a little more exciting because you never know when they will make it interesting by trying to choke it away.

As far as their payroll, (not including Manny) Schmidt, Jones, Furcal and Nomar have all been injured all or well over half of the season, yet make up $55 Million of the $128 Million. Not to mention the fact that Jones is a worthless bum.

Add to that Penny and Kent’s $9 million each who are both out now, you’re under $55 million. Just over San Diego’s $50.

Ironically, other than Manny it’s been Ethier, Kemp, Loney and Martin who are carrying the team’s offense, and combined they total less than $2 million.

As soon as the Dodgers go on the road they’ll lose, but hey at least they made it. Better to be the best of the worst than the worst of it I suppose.

[cr]

I’m actually a bigger Angel fan than Dodger fan, but the Dodgers can be a little more exciting because you never know when they will make it interesting by trying to choke it away.

As far as their payroll, (not including Manny) Schmidt, Jones, Furcal and Nomar have all been injured all or well over half of the season, yet make up $55 Million of the $128 Million. Not to mention the fact that Jones is a worthless bum.

Add to that Penny and Kent’s $9 million each who are both out now, you’re under $55 million. Just over San Diego’s $50.

Ironically, other than Manny it’s been Ethier, Kemp, Loney and Martin who are carrying the team’s offense, and combined they total less than $2 million.

As soon as the Dodgers go on the road they’ll lose, but hey at least they made it. Better to be the best of the worst than the worst of it I suppose.

[cr]

I’m actually a bigger Angel fan than Dodger fan, but the Dodgers can be a little more exciting because you never know when they will make it interesting by trying to choke it away.

As far as their payroll, (not including Manny) Schmidt, Jones, Furcal and Nomar have all been injured all or well over half of the season, yet make up $55 Million of the $128 Million. Not to mention the fact that Jones is a worthless bum.

Add to that Penny and Kent’s $9 million each who are both out now, you’re under $55 million. Just over San Diego’s $50.

Ironically, other than Manny it’s been Ethier, Kemp, Loney and Martin who are carrying the team’s offense, and combined they total less than $2 million.

As soon as the Dodgers go on the road they’ll lose, but hey at least they made it. Better to be the best of the worst than the worst of it I suppose.

[cr]

I’m actually a bigger Angel fan than Dodger fan, but the Dodgers can be a little more exciting because you never know when they will make it interesting by trying to choke it away.

As far as their payroll, (not including Manny) Schmidt, Jones, Furcal and Nomar have all been injured all or well over half of the season, yet make up $55 Million of the $128 Million. Not to mention the fact that Jones is a worthless bum.

Add to that Penny and Kent’s $9 million each who are both out now, you’re under $55 million. Just over San Diego’s $50.

Ironically, other than Manny it’s been Ethier, Kemp, Loney and Martin who are carrying the team’s offense, and combined they total less than $2 million.

As soon as the Dodgers go on the road they’ll lose, but hey at least they made it. Better to be the best of the worst than the worst of it I suppose.

[cr]

I’m actually a bigger Angel fan than Dodger fan, but the Dodgers can be a little more exciting because you never know when they will make it interesting by trying to choke it away.

As far as their payroll, (not including Manny) Schmidt, Jones, Furcal and Nomar have all been injured all or well over half of the season, yet make up $55 Million of the $128 Million. Not to mention the fact that Jones is a worthless bum.

Add to that Penny and Kent’s $9 million each who are both out now, you’re under $55 million. Just over San Diego’s $50.

Ironically, other than Manny it’s been Ethier, Kemp, Loney and Martin who are carrying the team’s offense, and combined they total less than $2 million.

As soon as the Dodgers go on the road they’ll lose, but hey at least they made it. Better to be the best of the worst than the worst of it I suppose.

[cr]

That’s exactly right.

None of these guys truly understand the nature of this crisis.

The proof is in their words. They all want house prices to stop falling, but overpriced housing got us into this mess.

Both parties all want to appear to care so much for the taxpayer that they rush to judgement on something that they should be spending months coming to grips with before spending any money at all, much less what will inevitably exceeed $1,000,000,000,000.

I saw a NM Senator last night saying these guys (Hanky, Franky, and Bernanke) understand these problems, have made their recommendation, and we should act now! – and I thought “what an idiot!”

This guy is ready to spend money we don’t have on a problem he doesn’t understand because the hanky-panky party says so.

This is the same party who said institutions must be allowed to fail, after saying the economy is strong, and housing has bottomed.

The candidates too have no idea what’s really going on.

[cr]

That’s exactly right.

None of these guys truly understand the nature of this crisis.

The proof is in their words. They all want house prices to stop falling, but overpriced housing got us into this mess.

Both parties all want to appear to care so much for the taxpayer that they rush to judgement on something that they should be spending months coming to grips with before spending any money at all, much less what will inevitably exceeed $1,000,000,000,000.

I saw a NM Senator last night saying these guys (Hanky, Franky, and Bernanke) understand these problems, have made their recommendation, and we should act now! – and I thought “what an idiot!”

This guy is ready to spend money we don’t have on a problem he doesn’t understand because the hanky-panky party says so.

This is the same party who said institutions must be allowed to fail, after saying the economy is strong, and housing has bottomed.

The candidates too have no idea what’s really going on.

[cr]

That’s exactly right.

None of these guys truly understand the nature of this crisis.

The proof is in their words. They all want house prices to stop falling, but overpriced housing got us into this mess.

Both parties all want to appear to care so much for the taxpayer that they rush to judgement on something that they should be spending months coming to grips with before spending any money at all, much less what will inevitably exceeed $1,000,000,000,000.

I saw a NM Senator last night saying these guys (Hanky, Franky, and Bernanke) understand these problems, have made their recommendation, and we should act now! – and I thought “what an idiot!”

This guy is ready to spend money we don’t have on a problem he doesn’t understand because the hanky-panky party says so.

This is the same party who said institutions must be allowed to fail, after saying the economy is strong, and housing has bottomed.

The candidates too have no idea what’s really going on.

[cr]

That’s exactly right.

None of these guys truly understand the nature of this crisis.

The proof is in their words. They all want house prices to stop falling, but overpriced housing got us into this mess.

Both parties all want to appear to care so much for the taxpayer that they rush to judgement on something that they should be spending months coming to grips with before spending any money at all, much less what will inevitably exceeed $1,000,000,000,000.

I saw a NM Senator last night saying these guys (Hanky, Franky, and Bernanke) understand these problems, have made their recommendation, and we should act now! – and I thought “what an idiot!”

This guy is ready to spend money we don’t have on a problem he doesn’t understand because the hanky-panky party says so.

This is the same party who said institutions must be allowed to fail, after saying the economy is strong, and housing has bottomed.

The candidates too have no idea what’s really going on.

[cr]

That’s exactly right.

None of these guys truly understand the nature of this crisis.

The proof is in their words. They all want house prices to stop falling, but overpriced housing got us into this mess.

Both parties all want to appear to care so much for the taxpayer that they rush to judgement on something that they should be spending months coming to grips with before spending any money at all, much less what will inevitably exceeed $1,000,000,000,000.

I saw a NM Senator last night saying these guys (Hanky, Franky, and Bernanke) understand these problems, have made their recommendation, and we should act now! – and I thought “what an idiot!”

This guy is ready to spend money we don’t have on a problem he doesn’t understand because the hanky-panky party says so.

This is the same party who said institutions must be allowed to fail, after saying the economy is strong, and housing has bottomed.

The candidates too have no idea what’s really going on.

[cr]

Just go to Google or Yahoo, enter the name of a bank, lender or GSE followed by the letter REO.

Fannie Man has nearly 5000 REO in CA alone, Freddie Mac has over 1500, and his distant cousin IndyMac over 1200.

Countrywide finally updated their listings and has over 4000.

[Author]

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