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April 24, 2009 at 7:41 PM in reply to: This never ends : “CA Foreclosure Prevention Act Coming Up” #387596
golfproz
ParticipantMore efficient to sell in bulk and lose $100k per property? It would seem to me that it would be FAR more efficient for the banks to HIRE enough people to handle the backlog. With losses like those quoted if they hired one person per property they would come out ahead. As a bonus just think how much better the unemployment numbers would look!
There, problem solved…..
ParticipantMore efficient to sell in bulk and lose $100k per property? It would seem to me that it would be FAR more efficient for the banks to HIRE enough people to handle the backlog. With losses like those quoted if they hired one person per property they would come out ahead. As a bonus just think how much better the unemployment numbers would look!
There, problem solved…..
ParticipantMore efficient to sell in bulk and lose $100k per property? It would seem to me that it would be FAR more efficient for the banks to HIRE enough people to handle the backlog. With losses like those quoted if they hired one person per property they would come out ahead. As a bonus just think how much better the unemployment numbers would look!
There, problem solved…..
ParticipantMore efficient to sell in bulk and lose $100k per property? It would seem to me that it would be FAR more efficient for the banks to HIRE enough people to handle the backlog. With losses like those quoted if they hired one person per property they would come out ahead. As a bonus just think how much better the unemployment numbers would look!
There, problem solved…..
ParticipantMore efficient to sell in bulk and lose $100k per property? It would seem to me that it would be FAR more efficient for the banks to HIRE enough people to handle the backlog. With losses like those quoted if they hired one person per property they would come out ahead. As a bonus just think how much better the unemployment numbers would look!
There, problem solved…..
Participant[quote=stansd]I’m golfing at pebble beach next week. Which club should I use?
Stan[/quote]
Which ever one keeps you out of the bunkers!
Participant[quote=stansd]I’m golfing at pebble beach next week. Which club should I use?
Stan[/quote]
Which ever one keeps you out of the bunkers!
Participant[quote=stansd]I’m golfing at pebble beach next week. Which club should I use?
Stan[/quote]
Which ever one keeps you out of the bunkers!
Participant[quote=stansd]I’m golfing at pebble beach next week. Which club should I use?
Stan[/quote]
Which ever one keeps you out of the bunkers!
Participant[quote=stansd]I’m golfing at pebble beach next week. Which club should I use?
Stan[/quote]
Which ever one keeps you out of the bunkers!
ParticipantBack to 1985 prices?
It’s possible. I live in Riverside. I bought my home new in Feb 88 for $110K. By the time it was finished and I moved in, they were selling new ones for $140K. Anyone care to guess what my place is worth today? Yup, I’d say about $140k! Adjusted for inflation and the 10.5% 1988 interest rates, houses here are now about 40% cheaper than they were in 1988.
The house next door sold about 6 months ago for $180k and it’s a bit bigger with a pool. 1988 prices baby! Good thing mine’s nearly paid off…..
In the last 3 months the price declines in this area have nearly stopped. Or at least they’ve taken a break. I really don’t see them going too much lower because it’s now about 20% cheaper to buy than to rent. These homes are renting for $1200~$1500/mo. Even if rents drop I don’t see them going below the cost of buying anytime soon. Now I just need the better areas of Corona to catch up!
ParticipantBack to 1985 prices?
It’s possible. I live in Riverside. I bought my home new in Feb 88 for $110K. By the time it was finished and I moved in, they were selling new ones for $140K. Anyone care to guess what my place is worth today? Yup, I’d say about $140k! Adjusted for inflation and the 10.5% 1988 interest rates, houses here are now about 40% cheaper than they were in 1988.
The house next door sold about 6 months ago for $180k and it’s a bit bigger with a pool. 1988 prices baby! Good thing mine’s nearly paid off…..
In the last 3 months the price declines in this area have nearly stopped. Or at least they’ve taken a break. I really don’t see them going too much lower because it’s now about 20% cheaper to buy than to rent. These homes are renting for $1200~$1500/mo. Even if rents drop I don’t see them going below the cost of buying anytime soon. Now I just need the better areas of Corona to catch up!
ParticipantBack to 1985 prices?
It’s possible. I live in Riverside. I bought my home new in Feb 88 for $110K. By the time it was finished and I moved in, they were selling new ones for $140K. Anyone care to guess what my place is worth today? Yup, I’d say about $140k! Adjusted for inflation and the 10.5% 1988 interest rates, houses here are now about 40% cheaper than they were in 1988.
The house next door sold about 6 months ago for $180k and it’s a bit bigger with a pool. 1988 prices baby! Good thing mine’s nearly paid off…..
In the last 3 months the price declines in this area have nearly stopped. Or at least they’ve taken a break. I really don’t see them going too much lower because it’s now about 20% cheaper to buy than to rent. These homes are renting for $1200~$1500/mo. Even if rents drop I don’t see them going below the cost of buying anytime soon. Now I just need the better areas of Corona to catch up!
ParticipantBack to 1985 prices?
It’s possible. I live in Riverside. I bought my home new in Feb 88 for $110K. By the time it was finished and I moved in, they were selling new ones for $140K. Anyone care to guess what my place is worth today? Yup, I’d say about $140k! Adjusted for inflation and the 10.5% 1988 interest rates, houses here are now about 40% cheaper than they were in 1988.
The house next door sold about 6 months ago for $180k and it’s a bit bigger with a pool. 1988 prices baby! Good thing mine’s nearly paid off…..
In the last 3 months the price declines in this area have nearly stopped. Or at least they’ve taken a break. I really don’t see them going too much lower because it’s now about 20% cheaper to buy than to rent. These homes are renting for $1200~$1500/mo. Even if rents drop I don’t see them going below the cost of buying anytime soon. Now I just need the better areas of Corona to catch up!
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