[Huckleberry]

On my street in PB, within two blocks there are two empty bank owned properties that are not listed in the MLS. Nor are they listed on realtytrac, sdlookup, redfin or zillow.

Proof to me that there is plenty of phantom inventory, or whatever you want to call it.

No matter how you cut it, these properties exist and will sooner or later pressure the market further downwards.

[Huckleberry]

On my street in PB, within two blocks there are two empty bank owned properties that are not listed in the MLS. Nor are they listed on realtytrac, sdlookup, redfin or zillow.

Proof to me that there is plenty of phantom inventory, or whatever you want to call it.

No matter how you cut it, these properties exist and will sooner or later pressure the market further downwards.

[Huckleberry]

On my street in PB, within two blocks there are two empty bank owned properties that are not listed in the MLS. Nor are they listed on realtytrac, sdlookup, redfin or zillow.

Proof to me that there is plenty of phantom inventory, or whatever you want to call it.

No matter how you cut it, these properties exist and will sooner or later pressure the market further downwards.

[Huckleberry]

On my street in PB, within two blocks there are two empty bank owned properties that are not listed in the MLS. Nor are they listed on realtytrac, sdlookup, redfin or zillow.

Proof to me that there is plenty of phantom inventory, or whatever you want to call it.

No matter how you cut it, these properties exist and will sooner or later pressure the market further downwards.

[Huckleberry]

HLS

“getting loans is very difficult even for the best credit scores”.

This statement is not “ABSOLUTE IGNORANT POPPYCOCK”.

According to Ben Bernanke’s address this morning on CNBC Financial News, it is right on the money. He even specifically stated that credit markets for residential and commercial mortgages are very tight right now.

Watch the financial news, you will become enlightened…

[Huckleberry]

HLS

“getting loans is very difficult even for the best credit scores”.

This statement is not “ABSOLUTE IGNORANT POPPYCOCK”.

According to Ben Bernanke’s address this morning on CNBC Financial News, it is right on the money. He even specifically stated that credit markets for residential and commercial mortgages are very tight right now.

Watch the financial news, you will become enlightened…

[Huckleberry]

HLS

“getting loans is very difficult even for the best credit scores”.

This statement is not “ABSOLUTE IGNORANT POPPYCOCK”.

According to Ben Bernanke’s address this morning on CNBC Financial News, it is right on the money. He even specifically stated that credit markets for residential and commercial mortgages are very tight right now.

Watch the financial news, you will become enlightened…

[Huckleberry]

HLS

“getting loans is very difficult even for the best credit scores”.

This statement is not “ABSOLUTE IGNORANT POPPYCOCK”.

According to Ben Bernanke’s address this morning on CNBC Financial News, it is right on the money. He even specifically stated that credit markets for residential and commercial mortgages are very tight right now.

Watch the financial news, you will become enlightened…

[Huckleberry]

HLS

“getting loans is very difficult even for the best credit scores”.

This statement is not “ABSOLUTE IGNORANT POPPYCOCK”.

According to Ben Bernanke’s address this morning on CNBC Financial News, it is right on the money. He even specifically stated that credit markets for residential and commercial mortgages are very tight right now.

Watch the financial news, you will become enlightened…

[Huckleberry]

I agree wholeheartedly with BobS. There is no way this is going to be a “V” shaped bottom. The market is not going to just bounce back like many hope.

Not many want to purchase at this point because of fear and even if they did, the credit markets are broken so getting loans is very difficult even for the best credit scores.

Intelligent buyers are waiting this one out to pick through the debris of the massive yard sale (wipeout) this market is going to have.

There will plenty of time at the bottom of this market to pick up nice properties as BobS states. The time to purchase is when there is very little interest in purchasing. That my friends is full capitulation and the time to execute your buy orders, just like on Wall St.

[Huckleberry]

I agree wholeheartedly with BobS. There is no way this is going to be a “V” shaped bottom. The market is not going to just bounce back like many hope.

Not many want to purchase at this point because of fear and even if they did, the credit markets are broken so getting loans is very difficult even for the best credit scores.

Intelligent buyers are waiting this one out to pick through the debris of the massive yard sale (wipeout) this market is going to have.

There will plenty of time at the bottom of this market to pick up nice properties as BobS states. The time to purchase is when there is very little interest in purchasing. That my friends is full capitulation and the time to execute your buy orders, just like on Wall St.

[Huckleberry]

I agree wholeheartedly with BobS. There is no way this is going to be a “V” shaped bottom. The market is not going to just bounce back like many hope.

Not many want to purchase at this point because of fear and even if they did, the credit markets are broken so getting loans is very difficult even for the best credit scores.

Intelligent buyers are waiting this one out to pick through the debris of the massive yard sale (wipeout) this market is going to have.

There will plenty of time at the bottom of this market to pick up nice properties as BobS states. The time to purchase is when there is very little interest in purchasing. That my friends is full capitulation and the time to execute your buy orders, just like on Wall St.

[Huckleberry]

I agree wholeheartedly with BobS. There is no way this is going to be a “V” shaped bottom. The market is not going to just bounce back like many hope.

Not many want to purchase at this point because of fear and even if they did, the credit markets are broken so getting loans is very difficult even for the best credit scores.

Intelligent buyers are waiting this one out to pick through the debris of the massive yard sale (wipeout) this market is going to have.

There will plenty of time at the bottom of this market to pick up nice properties as BobS states. The time to purchase is when there is very little interest in purchasing. That my friends is full capitulation and the time to execute your buy orders, just like on Wall St.

[Huckleberry]

I agree wholeheartedly with BobS. There is no way this is going to be a “V” shaped bottom. The market is not going to just bounce back like many hope.

Not many want to purchase at this point because of fear and even if they did, the credit markets are broken so getting loans is very difficult even for the best credit scores.

Intelligent buyers are waiting this one out to pick through the debris of the massive yard sale (wipeout) this market is going to have.

There will plenty of time at the bottom of this market to pick up nice properties as BobS states. The time to purchase is when there is very little interest in purchasing. That my friends is full capitulation and the time to execute your buy orders, just like on Wall St.

[Huckleberry]

Huh? I just tried the link and it worked.

In all seriousness though. I wait with anticipation for every new video clip this guy comes out with.

In my opinion Rich and this guy are two of the foremost experts in RE/mortgage analysis for SoCal.

I think I will write him and see what the chances are he will do some city specific data crunching and reporting. I would love to see what he digs up on SD.

Has anyone watched his video on the Alt-A meltdown that is coming? He states we haven’t seen sh$t yet, and the worst is yet to come…

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