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larrylujack
Participant[quote=CA renter]Larry,
Congratulations! 🙂
Yes, you are absolutely right. No matter what the media tries to portray, the fact is that this is an excellent time to sell. It’s very much a seller’s market.
Good luck on the close of your escrow.[/quote]
thanks CA renter, appreciate it, but like I said we had priced it very attractively, which ended up being about 10-15% less than it would have sold for 2-3 years ago. Now, all things considered that’s not too bad, but 10-15% less over the course of 2-3 years turned out to be a pretty big $$$ hit. But, I am not complaining, as there are alot of folks much worse off.
as to the zip, I don’t wanna mess anything up, so I will wait until it closes (fingers crossed) and then re-post.
Participant[quote=CA renter]Larry,
Congratulations! 🙂
Yes, you are absolutely right. No matter what the media tries to portray, the fact is that this is an excellent time to sell. It’s very much a seller’s market.
Good luck on the close of your escrow.[/quote]
thanks CA renter, appreciate it, but like I said we had priced it very attractively, which ended up being about 10-15% less than it would have sold for 2-3 years ago. Now, all things considered that’s not too bad, but 10-15% less over the course of 2-3 years turned out to be a pretty big $$$ hit. But, I am not complaining, as there are alot of folks much worse off.
as to the zip, I don’t wanna mess anything up, so I will wait until it closes (fingers crossed) and then re-post.
Participant[quote=CA renter]Larry,
Congratulations! 🙂
Yes, you are absolutely right. No matter what the media tries to portray, the fact is that this is an excellent time to sell. It’s very much a seller’s market.
Good luck on the close of your escrow.[/quote]
thanks CA renter, appreciate it, but like I said we had priced it very attractively, which ended up being about 10-15% less than it would have sold for 2-3 years ago. Now, all things considered that’s not too bad, but 10-15% less over the course of 2-3 years turned out to be a pretty big $$$ hit. But, I am not complaining, as there are alot of folks much worse off.
as to the zip, I don’t wanna mess anything up, so I will wait until it closes (fingers crossed) and then re-post.
Participant[quote=CA renter]Larry,
Congratulations! 🙂
Yes, you are absolutely right. No matter what the media tries to portray, the fact is that this is an excellent time to sell. It’s very much a seller’s market.
Good luck on the close of your escrow.[/quote]
thanks CA renter, appreciate it, but like I said we had priced it very attractively, which ended up being about 10-15% less than it would have sold for 2-3 years ago. Now, all things considered that’s not too bad, but 10-15% less over the course of 2-3 years turned out to be a pretty big $$$ hit. But, I am not complaining, as there are alot of folks much worse off.
as to the zip, I don’t wanna mess anything up, so I will wait until it closes (fingers crossed) and then re-post.
Participant[quote=CA renter]Larry,
Congratulations! 🙂
Yes, you are absolutely right. No matter what the media tries to portray, the fact is that this is an excellent time to sell. It’s very much a seller’s market.
Good luck on the close of your escrow.[/quote]
thanks CA renter, appreciate it, but like I said we had priced it very attractively, which ended up being about 10-15% less than it would have sold for 2-3 years ago. Now, all things considered that’s not too bad, but 10-15% less over the course of 2-3 years turned out to be a pretty big $$$ hit. But, I am not complaining, as there are alot of folks much worse off.
as to the zip, I don’t wanna mess anything up, so I will wait until it closes (fingers crossed) and then re-post.
Participant[quote=briansd1]The government will spend money no matter what.
I would rather the money be spent on health care.
We already blew $1 trillion on a useless war in Iraq. That money would have been better spend on providing health care to all Americans.
I never hear the right bitch about the cost of war. But even as one extra penny hasn’t even been spent on health care yet, the right is calling the end of America.
I think the solution is to allocate the money we have more appropriately and humanely.[/quote]
agree 100%. when $ is spent on expensive never-ending wars the neo-con right never complains, but when it comes to healthcare for the benefit of American citizens, even though this bill is a gift to the insurance industry, suddenly the neo-cons are concerned about gov’t spending. the hypocrisy is stunning but revealing.
Participant[quote=briansd1]The government will spend money no matter what.
I would rather the money be spent on health care.
We already blew $1 trillion on a useless war in Iraq. That money would have been better spend on providing health care to all Americans.
I never hear the right bitch about the cost of war. But even as one extra penny hasn’t even been spent on health care yet, the right is calling the end of America.
I think the solution is to allocate the money we have more appropriately and humanely.[/quote]
agree 100%. when $ is spent on expensive never-ending wars the neo-con right never complains, but when it comes to healthcare for the benefit of American citizens, even though this bill is a gift to the insurance industry, suddenly the neo-cons are concerned about gov’t spending. the hypocrisy is stunning but revealing.
Participant[quote=briansd1]The government will spend money no matter what.
I would rather the money be spent on health care.
We already blew $1 trillion on a useless war in Iraq. That money would have been better spend on providing health care to all Americans.
I never hear the right bitch about the cost of war. But even as one extra penny hasn’t even been spent on health care yet, the right is calling the end of America.
I think the solution is to allocate the money we have more appropriately and humanely.[/quote]
agree 100%. when $ is spent on expensive never-ending wars the neo-con right never complains, but when it comes to healthcare for the benefit of American citizens, even though this bill is a gift to the insurance industry, suddenly the neo-cons are concerned about gov’t spending. the hypocrisy is stunning but revealing.
Participant[quote=briansd1]The government will spend money no matter what.
I would rather the money be spent on health care.
We already blew $1 trillion on a useless war in Iraq. That money would have been better spend on providing health care to all Americans.
I never hear the right bitch about the cost of war. But even as one extra penny hasn’t even been spent on health care yet, the right is calling the end of America.
I think the solution is to allocate the money we have more appropriately and humanely.[/quote]
agree 100%. when $ is spent on expensive never-ending wars the neo-con right never complains, but when it comes to healthcare for the benefit of American citizens, even though this bill is a gift to the insurance industry, suddenly the neo-cons are concerned about gov’t spending. the hypocrisy is stunning but revealing.
Participant[quote=briansd1]The government will spend money no matter what.
I would rather the money be spent on health care.
We already blew $1 trillion on a useless war in Iraq. That money would have been better spend on providing health care to all Americans.
I never hear the right bitch about the cost of war. But even as one extra penny hasn’t even been spent on health care yet, the right is calling the end of America.
I think the solution is to allocate the money we have more appropriately and humanely.[/quote]
agree 100%. when $ is spent on expensive never-ending wars the neo-con right never complains, but when it comes to healthcare for the benefit of American citizens, even though this bill is a gift to the insurance industry, suddenly the neo-cons are concerned about gov’t spending. the hypocrisy is stunning but revealing.
Participant[quote=sdybob]I turn to think the underline reason of the seemingly stupid decisions is the result of the recent accounting rule change, which allows banks to use non-realistic valuation for the assets they hold. Banks pushed congress for the change and achieved their intended consequences, i.e. they can now hold bad assets as they were good assets. As such, they would rather hold onto those assets, so their books look better than they are actually are. Short sale will realize the loss and their books will look worse. Same for the pace of foreclosures, they have no urgency to get the loans off the books, instead they like them to stay in, so they do not have to look for new capitals.[/quote]
PRECISELY, they have no big interest in doing a short sale as they will have to book the loss.
Participant[quote=sdybob]I turn to think the underline reason of the seemingly stupid decisions is the result of the recent accounting rule change, which allows banks to use non-realistic valuation for the assets they hold. Banks pushed congress for the change and achieved their intended consequences, i.e. they can now hold bad assets as they were good assets. As such, they would rather hold onto those assets, so their books look better than they are actually are. Short sale will realize the loss and their books will look worse. Same for the pace of foreclosures, they have no urgency to get the loans off the books, instead they like them to stay in, so they do not have to look for new capitals.[/quote]
PRECISELY, they have no big interest in doing a short sale as they will have to book the loss.
Participant[quote=sdybob]I turn to think the underline reason of the seemingly stupid decisions is the result of the recent accounting rule change, which allows banks to use non-realistic valuation for the assets they hold. Banks pushed congress for the change and achieved their intended consequences, i.e. they can now hold bad assets as they were good assets. As such, they would rather hold onto those assets, so their books look better than they are actually are. Short sale will realize the loss and their books will look worse. Same for the pace of foreclosures, they have no urgency to get the loans off the books, instead they like them to stay in, so they do not have to look for new capitals.[/quote]
PRECISELY, they have no big interest in doing a short sale as they will have to book the loss.
Participant[quote=sdybob]I turn to think the underline reason of the seemingly stupid decisions is the result of the recent accounting rule change, which allows banks to use non-realistic valuation for the assets they hold. Banks pushed congress for the change and achieved their intended consequences, i.e. they can now hold bad assets as they were good assets. As such, they would rather hold onto those assets, so their books look better than they are actually are. Short sale will realize the loss and their books will look worse. Same for the pace of foreclosures, they have no urgency to get the loans off the books, instead they like them to stay in, so they do not have to look for new capitals.[/quote]
PRECISELY, they have no big interest in doing a short sale as they will have to book the loss.
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