[hipmatt]

peterb, exactly right…. There is nothing out there indicating a bottom. Quite the contrary, less employment and high inflation will only add to the numerous reasons why housing still needs further to fall, most notably massive inventories and homes that are still more expensive to own than rent. The summer suckers rally is nearly over, get ready for round two it will be just as bad as round one. We will be in full swing crash mode by December08-Feb 09.

[hipmatt]

peterb, exactly right…. There is nothing out there indicating a bottom. Quite the contrary, less employment and high inflation will only add to the numerous reasons why housing still needs further to fall, most notably massive inventories and homes that are still more expensive to own than rent. The summer suckers rally is nearly over, get ready for round two it will be just as bad as round one. We will be in full swing crash mode by December08-Feb 09.

[hipmatt]

peterb, exactly right…. There is nothing out there indicating a bottom. Quite the contrary, less employment and high inflation will only add to the numerous reasons why housing still needs further to fall, most notably massive inventories and homes that are still more expensive to own than rent. The summer suckers rally is nearly over, get ready for round two it will be just as bad as round one. We will be in full swing crash mode by December08-Feb 09.

[hipmatt]

peterb, exactly right…. There is nothing out there indicating a bottom. Quite the contrary, less employment and high inflation will only add to the numerous reasons why housing still needs further to fall, most notably massive inventories and homes that are still more expensive to own than rent. The summer suckers rally is nearly over, get ready for round two it will be just as bad as round one. We will be in full swing crash mode by December08-Feb 09.

[hipmatt]

peterb, exactly right…. There is nothing out there indicating a bottom. Quite the contrary, less employment and high inflation will only add to the numerous reasons why housing still needs further to fall, most notably massive inventories and homes that are still more expensive to own than rent. The summer suckers rally is nearly over, get ready for round two it will be just as bad as round one. We will be in full swing crash mode by December08-Feb 09.

[hipmatt]

Marion, I was just stating that I am one of the few young(ish) people left that doesn’t have any tattoos, not that you were insinuating that I did, I was just trying to get on your good side.

And no I despite the rumors, I am not the one tagging up TG’s neighbor hood, and NO, I don’t want crime in my area… I don’t remember posting anything resembling that desire.

I really do think well see .20 on the dollar though…… J/K, just making sure you are paying attention.

TG, I too have seen the nicer properties priced well sell quickly. But the numbers don’t like, and we all know whats coming up in the next six months, a massive amount of homes to choose from. This we have to have faith in, despite the trend the last few months. Add in the fact that rates are rising, and you will see prices come down, I almost guarantee it. Remember we are only 2.5 years in to this correction, following the largest bubble ever. I always like to take a look at Rich’s chart to see that historically these corrections last about 5-6 years. If the economy was going strong, I would give a 2.5 year correction some possibility, but things are going quite bad in the rest of the economy. I have no reason to believe that this correction won’t last 5 years as well. I know I need to stay strong too, because I know that the best deals are yet to come.

[hipmatt]

Marion, I was just stating that I am one of the few young(ish) people left that doesn’t have any tattoos, not that you were insinuating that I did, I was just trying to get on your good side.

And no I despite the rumors, I am not the one tagging up TG’s neighbor hood, and NO, I don’t want crime in my area… I don’t remember posting anything resembling that desire.

I really do think well see .20 on the dollar though…… J/K, just making sure you are paying attention.

TG, I too have seen the nicer properties priced well sell quickly. But the numbers don’t like, and we all know whats coming up in the next six months, a massive amount of homes to choose from. This we have to have faith in, despite the trend the last few months. Add in the fact that rates are rising, and you will see prices come down, I almost guarantee it. Remember we are only 2.5 years in to this correction, following the largest bubble ever. I always like to take a look at Rich’s chart to see that historically these corrections last about 5-6 years. If the economy was going strong, I would give a 2.5 year correction some possibility, but things are going quite bad in the rest of the economy. I have no reason to believe that this correction won’t last 5 years as well. I know I need to stay strong too, because I know that the best deals are yet to come.

[hipmatt]

Marion, I was just stating that I am one of the few young(ish) people left that doesn’t have any tattoos, not that you were insinuating that I did, I was just trying to get on your good side.

And no I despite the rumors, I am not the one tagging up TG’s neighbor hood, and NO, I don’t want crime in my area… I don’t remember posting anything resembling that desire.

I really do think well see .20 on the dollar though…… J/K, just making sure you are paying attention.

TG, I too have seen the nicer properties priced well sell quickly. But the numbers don’t like, and we all know whats coming up in the next six months, a massive amount of homes to choose from. This we have to have faith in, despite the trend the last few months. Add in the fact that rates are rising, and you will see prices come down, I almost guarantee it. Remember we are only 2.5 years in to this correction, following the largest bubble ever. I always like to take a look at Rich’s chart to see that historically these corrections last about 5-6 years. If the economy was going strong, I would give a 2.5 year correction some possibility, but things are going quite bad in the rest of the economy. I have no reason to believe that this correction won’t last 5 years as well. I know I need to stay strong too, because I know that the best deals are yet to come.

[hipmatt]

Marion, I was just stating that I am one of the few young(ish) people left that doesn’t have any tattoos, not that you were insinuating that I did, I was just trying to get on your good side.

And no I despite the rumors, I am not the one tagging up TG’s neighbor hood, and NO, I don’t want crime in my area… I don’t remember posting anything resembling that desire.

I really do think well see .20 on the dollar though…… J/K, just making sure you are paying attention.

TG, I too have seen the nicer properties priced well sell quickly. But the numbers don’t like, and we all know whats coming up in the next six months, a massive amount of homes to choose from. This we have to have faith in, despite the trend the last few months. Add in the fact that rates are rising, and you will see prices come down, I almost guarantee it. Remember we are only 2.5 years in to this correction, following the largest bubble ever. I always like to take a look at Rich’s chart to see that historically these corrections last about 5-6 years. If the economy was going strong, I would give a 2.5 year correction some possibility, but things are going quite bad in the rest of the economy. I have no reason to believe that this correction won’t last 5 years as well. I know I need to stay strong too, because I know that the best deals are yet to come.

[hipmatt]

Marion, I was just stating that I am one of the few young(ish) people left that doesn’t have any tattoos, not that you were insinuating that I did, I was just trying to get on your good side.

And no I despite the rumors, I am not the one tagging up TG’s neighbor hood, and NO, I don’t want crime in my area… I don’t remember posting anything resembling that desire.

I really do think well see .20 on the dollar though…… J/K, just making sure you are paying attention.

TG, I too have seen the nicer properties priced well sell quickly. But the numbers don’t like, and we all know whats coming up in the next six months, a massive amount of homes to choose from. This we have to have faith in, despite the trend the last few months. Add in the fact that rates are rising, and you will see prices come down, I almost guarantee it. Remember we are only 2.5 years in to this correction, following the largest bubble ever. I always like to take a look at Rich’s chart to see that historically these corrections last about 5-6 years. If the economy was going strong, I would give a 2.5 year correction some possibility, but things are going quite bad in the rest of the economy. I have no reason to believe that this correction won’t last 5 years as well. I know I need to stay strong too, because I know that the best deals are yet to come.

[hipmatt]

For the record, I don’t have any tattoos, and the chip is now off of my shoulder. It is all in the name of smart debate anyways, which I know that you are TG.

I did read an article in the PE last week that stated that “foreclosure activity in the IE” I believe thats how they worded it, is up 98% in May 08, vs May 07. This info troubles me, in that we know how bad the FB activity in 07 impacted 08 earlier this year. For it to be nearly twice as bad this year is a statement I believe. When info like this comes out, I just don’t see an end in sight… So TG, when you tell me to buy in 12 months or I’ll be priced out forever… It starts to sound like you work for the NAR…

I’ll see if I can find a link… found it, worth a read..
http://www.pe.com/business/realestate/stories/PE_Biz_S_foreclosures13.3973c79.html

Also, you guys are right, compared to its neighbor Murrieta, Temecula has far better planned their city. Much smarter, and well laid out, seems like they took fewer bribes from the builders, and I like the abundance of parks within the city. Also seems like they made some smart choices on businesses that they allowed and tax revenue they provided.

[hipmatt]

For the record, I don’t have any tattoos, and the chip is now off of my shoulder. It is all in the name of smart debate anyways, which I know that you are TG.

I did read an article in the PE last week that stated that “foreclosure activity in the IE” I believe thats how they worded it, is up 98% in May 08, vs May 07. This info troubles me, in that we know how bad the FB activity in 07 impacted 08 earlier this year. For it to be nearly twice as bad this year is a statement I believe. When info like this comes out, I just don’t see an end in sight… So TG, when you tell me to buy in 12 months or I’ll be priced out forever… It starts to sound like you work for the NAR…

I’ll see if I can find a link… found it, worth a read..
http://www.pe.com/business/realestate/stories/PE_Biz_S_foreclosures13.3973c79.html

Also, you guys are right, compared to its neighbor Murrieta, Temecula has far better planned their city. Much smarter, and well laid out, seems like they took fewer bribes from the builders, and I like the abundance of parks within the city. Also seems like they made some smart choices on businesses that they allowed and tax revenue they provided.

[hipmatt]

For the record, I don’t have any tattoos, and the chip is now off of my shoulder. It is all in the name of smart debate anyways, which I know that you are TG.

I did read an article in the PE last week that stated that “foreclosure activity in the IE” I believe thats how they worded it, is up 98% in May 08, vs May 07. This info troubles me, in that we know how bad the FB activity in 07 impacted 08 earlier this year. For it to be nearly twice as bad this year is a statement I believe. When info like this comes out, I just don’t see an end in sight… So TG, when you tell me to buy in 12 months or I’ll be priced out forever… It starts to sound like you work for the NAR…

I’ll see if I can find a link… found it, worth a read..
http://www.pe.com/business/realestate/stories/PE_Biz_S_foreclosures13.3973c79.html

Also, you guys are right, compared to its neighbor Murrieta, Temecula has far better planned their city. Much smarter, and well laid out, seems like they took fewer bribes from the builders, and I like the abundance of parks within the city. Also seems like they made some smart choices on businesses that they allowed and tax revenue they provided.

[hipmatt]

For the record, I don’t have any tattoos, and the chip is now off of my shoulder. It is all in the name of smart debate anyways, which I know that you are TG.

I did read an article in the PE last week that stated that “foreclosure activity in the IE” I believe thats how they worded it, is up 98% in May 08, vs May 07. This info troubles me, in that we know how bad the FB activity in 07 impacted 08 earlier this year. For it to be nearly twice as bad this year is a statement I believe. When info like this comes out, I just don’t see an end in sight… So TG, when you tell me to buy in 12 months or I’ll be priced out forever… It starts to sound like you work for the NAR…

I’ll see if I can find a link… found it, worth a read..
http://www.pe.com/business/realestate/stories/PE_Biz_S_foreclosures13.3973c79.html

Also, you guys are right, compared to its neighbor Murrieta, Temecula has far better planned their city. Much smarter, and well laid out, seems like they took fewer bribes from the builders, and I like the abundance of parks within the city. Also seems like they made some smart choices on businesses that they allowed and tax revenue they provided.

[hipmatt]

For the record, I don’t have any tattoos, and the chip is now off of my shoulder. It is all in the name of smart debate anyways, which I know that you are TG.

I did read an article in the PE last week that stated that “foreclosure activity in the IE” I believe thats how they worded it, is up 98% in May 08, vs May 07. This info troubles me, in that we know how bad the FB activity in 07 impacted 08 earlier this year. For it to be nearly twice as bad this year is a statement I believe. When info like this comes out, I just don’t see an end in sight… So TG, when you tell me to buy in 12 months or I’ll be priced out forever… It starts to sound like you work for the NAR…

I’ll see if I can find a link… found it, worth a read..
http://www.pe.com/business/realestate/stories/PE_Biz_S_foreclosures13.3973c79.html

Also, you guys are right, compared to its neighbor Murrieta, Temecula has far better planned their city. Much smarter, and well laid out, seems like they took fewer bribes from the builders, and I like the abundance of parks within the city. Also seems like they made some smart choices on businesses that they allowed and tax revenue they provided.

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