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hipmatt
ParticipantPrices are falling everywhere in socal, fires or not. Inventory is rising. The 1500 homes that burned will be rebuilt. The lots still exist, the mortgages remain.
Bulls will use anything to their advantage to create mania about rising prices, even a natural disaster. If natural disasters are so good for housing and economies, maybe we should take a look at how New Orleans is doing.
Those who own homes in SD that are facing rate resets, and dwindling equity will be forced to sell, or foreclose. I just don’t see a fire changing the really bad market dynamics of the housing market. I’m also getting tired of people with elitist views about their favorite SD neighborhood and how these areas won’t suffer a housing problem like the rest of socal, the other bubble areas, and all of SD county. I guess only time will tell.
ParticipantPrices are falling everywhere in socal, fires or not. Inventory is rising. The 1500 homes that burned will be rebuilt. The lots still exist, the mortgages remain.
Bulls will use anything to their advantage to create mania about rising prices, even a natural disaster. If natural disasters are so good for housing and economies, maybe we should take a look at how New Orleans is doing.
Those who own homes in SD that are facing rate resets, and dwindling equity will be forced to sell, or foreclose. I just don’t see a fire changing the really bad market dynamics of the housing market. I’m also getting tired of people with elitist views about their favorite SD neighborhood and how these areas won’t suffer a housing problem like the rest of socal, the other bubble areas, and all of SD county. I guess only time will tell.
ParticipantPrices are falling everywhere in socal, fires or not. Inventory is rising. The 1500 homes that burned will be rebuilt. The lots still exist, the mortgages remain.
Bulls will use anything to their advantage to create mania about rising prices, even a natural disaster. If natural disasters are so good for housing and economies, maybe we should take a look at how New Orleans is doing.
Those who own homes in SD that are facing rate resets, and dwindling equity will be forced to sell, or foreclose. I just don’t see a fire changing the really bad market dynamics of the housing market. I’m also getting tired of people with elitist views about their favorite SD neighborhood and how these areas won’t suffer a housing problem like the rest of socal, the other bubble areas, and all of SD county. I guess only time will tell.
ParticipantPrices are falling everywhere in socal, fires or not. Inventory is rising. The 1500 homes that burned will be rebuilt. The lots still exist, the mortgages remain.
Bulls will use anything to their advantage to create mania about rising prices, even a natural disaster. If natural disasters are so good for housing and economies, maybe we should take a look at how New Orleans is doing.
Those who own homes in SD that are facing rate resets, and dwindling equity will be forced to sell, or foreclose. I just don’t see a fire changing the really bad market dynamics of the housing market. I’m also getting tired of people with elitist views about their favorite SD neighborhood and how these areas won’t suffer a housing problem like the rest of socal, the other bubble areas, and all of SD county. I guess only time will tell.
ParticipantTemecula is a disaster and has a LONG way to fall. Inventory is insane, and sellers still have little clue that their home isn’t worth close to what they thought. The next 6 months will be foreclosure mania.
Anyone buying right now thinking this is the bottom, or that you are getting a great deal, more power to you.
ParticipantTemecula is a disaster and has a LONG way to fall. Inventory is insane, and sellers still have little clue that their home isn’t worth close to what they thought. The next 6 months will be foreclosure mania.
Anyone buying right now thinking this is the bottom, or that you are getting a great deal, more power to you.
ParticipantTemecula is a disaster and has a LONG way to fall. Inventory is insane, and sellers still have little clue that their home isn’t worth close to what they thought. The next 6 months will be foreclosure mania.
Anyone buying right now thinking this is the bottom, or that you are getting a great deal, more power to you.
ParticipantTemecula is a disaster and has a LONG way to fall. Inventory is insane, and sellers still have little clue that their home isn’t worth close to what they thought. The next 6 months will be foreclosure mania.
Anyone buying right now thinking this is the bottom, or that you are getting a great deal, more power to you.
Participant100 per barrel could happen this week, and so can 800 per ounce of gold.
I wonder if the commuters of Temecula / Murrieta will be thanking Bernanke for the rate cut once the cost of this high priced oil makes it to the pumps?
Participant100 per barrel could happen this week, and so can 800 per ounce of gold.
I wonder if the commuters of Temecula / Murrieta will be thanking Bernanke for the rate cut once the cost of this high priced oil makes it to the pumps?
Participant100 per barrel could happen this week, and so can 800 per ounce of gold.
I wonder if the commuters of Temecula / Murrieta will be thanking Bernanke for the rate cut once the cost of this high priced oil makes it to the pumps?
ParticipantArches.. ohh man.. there will be nothing even close to resembling a bottoming up here in the Temecula/Murrieta area for a while. The party has just started. Have you seen the inventory? This is only the beginning, a 10 year UBER RE boom won’t correct in 18 months. Historically it takes about 5 years, due to the magnitude of this bubble, it may take more.
The lower interest rates really aren’t helping RE at all. Inventory is still climbing and interest on a 30 year fixed loan(the “least” risky) aren’t dropping, if anything they are rising to help compensate the foreigners who are loosing money by loaning us all this cash while our dollar looses its value.
Not one home has burnt down in Temecula, and in another thread I took away the conclusion that the San Diego county fires will not help RE values, if anything, may make them worse.
Mortgage reform isn’t as powerful as it sounds. Even a mortgage that has been re-fied at a discount rate is still too much for the home owners. The fact that they now have little, no, or even negative equity is likely to have them hand over the keys more than a payment they can barely afford. And now since we will not be taxing them on the difference if they have a short sale, it is encouraging them to sell.
There are a lot of nice rentals in this area. Good luck!
ParticipantArches.. ohh man.. there will be nothing even close to resembling a bottoming up here in the Temecula/Murrieta area for a while. The party has just started. Have you seen the inventory? This is only the beginning, a 10 year UBER RE boom won’t correct in 18 months. Historically it takes about 5 years, due to the magnitude of this bubble, it may take more.
The lower interest rates really aren’t helping RE at all. Inventory is still climbing and interest on a 30 year fixed loan(the “least” risky) aren’t dropping, if anything they are rising to help compensate the foreigners who are loosing money by loaning us all this cash while our dollar looses its value.
Not one home has burnt down in Temecula, and in another thread I took away the conclusion that the San Diego county fires will not help RE values, if anything, may make them worse.
Mortgage reform isn’t as powerful as it sounds. Even a mortgage that has been re-fied at a discount rate is still too much for the home owners. The fact that they now have little, no, or even negative equity is likely to have them hand over the keys more than a payment they can barely afford. And now since we will not be taxing them on the difference if they have a short sale, it is encouraging them to sell.
There are a lot of nice rentals in this area. Good luck!
ParticipantArches.. ohh man.. there will be nothing even close to resembling a bottoming up here in the Temecula/Murrieta area for a while. The party has just started. Have you seen the inventory? This is only the beginning, a 10 year UBER RE boom won’t correct in 18 months. Historically it takes about 5 years, due to the magnitude of this bubble, it may take more.
The lower interest rates really aren’t helping RE at all. Inventory is still climbing and interest on a 30 year fixed loan(the “least” risky) aren’t dropping, if anything they are rising to help compensate the foreigners who are loosing money by loaning us all this cash while our dollar looses its value.
Not one home has burnt down in Temecula, and in another thread I took away the conclusion that the San Diego county fires will not help RE values, if anything, may make them worse.
Mortgage reform isn’t as powerful as it sounds. Even a mortgage that has been re-fied at a discount rate is still too much for the home owners. The fact that they now have little, no, or even negative equity is likely to have them hand over the keys more than a payment they can barely afford. And now since we will not be taxing them on the difference if they have a short sale, it is encouraging them to sell.
There are a lot of nice rentals in this area. Good luck!
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