[Diego Don]

“Rustico said on May 21, 2007 – 12:20pm.

although the revisonist history of the 1991 bubble burst doesn’t show it, the market did in fact implode for the most part.I don’t buy that “long and slow” has been reasoned out here yet?”

Interesting, I wasn’t paying attention to real estate at that time. My impression was a slow esculator ride down. But it was peaks and valleys? Or falling off peaks then valleys, then falling, valley, falling. Or falling, dead cat bounce, falling, dead cat bounce.

Ya, I’m on the sidelines watching. Would be nice to see a chart of the last housing decline. So I could know what to expect. Would be nice too if I quit spending so much time reading Piggington’s because I don’t think I will be buying for a long time (happy/bitter renter/investor) ;). But I can’t stop reading Piggington’s.

[Diego Don]

I have much less knowlage than a lot of people on this forum in real estate bargining. But lets talk horse trading. If you are at a split the difference point, you are about eye to eye. On equall footing. The buyer wants what you have, and you want a fair, price for it. So it is a good deal for both if you get less than you wanted, and the buyer pays more than he wanted.
You will both feel better for it. As far is if it was a better deal for one or the other horse traders? Only a crystal ball will tell.
Seems at Piggington’s the crystal ball is bearish. And the puppy chow mass media is bullish. Time will tell.

[Diego Don]

BUT if one of you guys didnt email me with your ad here:
http://inlandempire.craigslist.org/rfs/308025908.html

That link is too funny. What a time saver. Instead of lowballing properties one by one. Just lowball all of Corona.

[Diego Don]

deee—Lerking———ENGAGE

Been enjoying the forums for months. Moved down here from LA about 9 months ago. And like all the knowlage shared here.

What I suspect, and have no hard facts to back up is this. The lenders don’t want to do short sales. Even thought it makes sense for the individual property. Because when it is known, even it this little spot of the internet. The word will get out. And they will have to deal with the many…..more…that………are going to go through, or want the same deal. Who wants to tell that to their boss. What boss wants to tell that to the stockholders.
Or like the Elton John album, “Don’t shoot me, I’m only the piano player”

Anyway I rant to much. But am intrested in the views of this forum that short sales are artificialy low.

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