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Huckleberry
ParticipantExcellent posts hipmatt and peterb.
Both of you make solid points which are based on solid reasoning and experience!!
ParticipantExcellent posts hipmatt and peterb.
Both of you make solid points which are based on solid reasoning and experience!!
ParticipantExcellent posts hipmatt and peterb.
Both of you make solid points which are based on solid reasoning and experience!!
ParticipantI completely agree. With the severe credit market tightening and mortgages very difficult to acquire, SoCal RE is in for some serious downside repricing.
Without exotic loan instruments to continue propping this beast up, there is NO WAY this market can stabilize until prices and incomes come back to normal ratios.
ParticipantI completely agree. With the severe credit market tightening and mortgages very difficult to acquire, SoCal RE is in for some serious downside repricing.
Without exotic loan instruments to continue propping this beast up, there is NO WAY this market can stabilize until prices and incomes come back to normal ratios.
ParticipantI completely agree. With the severe credit market tightening and mortgages very difficult to acquire, SoCal RE is in for some serious downside repricing.
Without exotic loan instruments to continue propping this beast up, there is NO WAY this market can stabilize until prices and incomes come back to normal ratios.
ParticipantI completely agree. With the severe credit market tightening and mortgages very difficult to acquire, SoCal RE is in for some serious downside repricing.
Without exotic loan instruments to continue propping this beast up, there is NO WAY this market can stabilize until prices and incomes come back to normal ratios.
ParticipantI completely agree. With the severe credit market tightening and mortgages very difficult to acquire, SoCal RE is in for some serious downside repricing.
Without exotic loan instruments to continue propping this beast up, there is NO WAY this market can stabilize until prices and incomes come back to normal ratios.
August 10, 2008 at 11:36 AM in reply to: Article: “Oil rich Fund Eyeing Foreclosed US Homes” #255381ParticipantThis may soak up a minute amount of inventory, but it won’t help prop up prices.
Price to income ratio is still WAY to high and has to come back to normalcy before this market stabilizes/bottoms.
August 10, 2008 at 11:36 AM in reply to: Article: “Oil rich Fund Eyeing Foreclosed US Homes” #255554ParticipantThis may soak up a minute amount of inventory, but it won’t help prop up prices.
Price to income ratio is still WAY to high and has to come back to normalcy before this market stabilizes/bottoms.
August 10, 2008 at 11:36 AM in reply to: Article: “Oil rich Fund Eyeing Foreclosed US Homes” #255558ParticipantThis may soak up a minute amount of inventory, but it won’t help prop up prices.
Price to income ratio is still WAY to high and has to come back to normalcy before this market stabilizes/bottoms.
August 10, 2008 at 11:36 AM in reply to: Article: “Oil rich Fund Eyeing Foreclosed US Homes” #255616ParticipantThis may soak up a minute amount of inventory, but it won’t help prop up prices.
Price to income ratio is still WAY to high and has to come back to normalcy before this market stabilizes/bottoms.
August 10, 2008 at 11:36 AM in reply to: Article: “Oil rich Fund Eyeing Foreclosed US Homes” #255665ParticipantThis may soak up a minute amount of inventory, but it won’t help prop up prices.
Price to income ratio is still WAY to high and has to come back to normalcy before this market stabilizes/bottoms.
ParticipantI drive Chalcedony (in PB) every morning and know for a fact there are two bank owned properties within two blocks of each other that have been sitting there for more than four months, empty. Every time I check MLS, no listings.
If this is just on my route to work, I can only imagine how many there are out there…
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