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Not exactly.

Finding a way to tap in to an agent/loan guy/appraiser partnership that would enable us to buy properties using fictitious names/documents/etc. and documenting the entire experience to share with media outlets.

Kind of like the London real estate agent scandal of last year.

It is only a half-baked idea at this point but I am sure we can think of something cool that could even serve as a deterrent to fraudsters, if they knew someone might be out there trying to catch them in the act.

Kind of like a “mystery shopper”.

I’ve got the time and the interest so I’d be interested in hearing what others have to say, either online or offline.

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The last four years I have paid roughly 100K dollars in rent for a clean, decent house in a good neighborhood in a great school district.

Had I purchased this house for it’s peak comparable price within the neighborhood, I would be underwater at least 100K dollars today. Beyond that, I would have paid roughly 100-150K in PITI for the pleasure of “ownership”.

Four years of “free rent” wasn’t all too shabby a move, now, was it?

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Hello,

I me too am living mammal, new to sD,a nd I need to buy house soon. Perhps, help me soon. Oke.

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I once heard that the original purchase price of many homes in Mira Mesa was around $15,000. Does anyone know whether that is true or not?

(It would have been many years ago of course.)

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I am aware of several people in there who are commission earners who work in the home lending industry…perhaps this explains the relatively large percentage of listings on the market right now?

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Were the people in attendance all wearing their purple “away team” jumpsuits and Nikes?

Chamberlin, Nevin, and Valone must be the modern day equivalents of “Do” aka Marshall Applewhite.

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While I appreciate your posts, sdr, I often wonder what you could possibly learn from a bunch of “clowns” and bitter renters (like me) that populate these boards.

Here’s something you might find interesting: I have just learned that one of the ZipRealty agents for SD County recently lost her own home in Poway to foreclosure. She will probably not be having one of her best years in the business…sigh.

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“Before it gets too late?”

Unless you have a time machine, that time has come and gone.

LBC

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BRING ON THE PAIN!!!

By the way…no pain here…just an awful lot of disposable income at hand and extreme flexibility with respect to my family’s options of whether to buy or continue to rent. Show me a recent buyer who claims to have what I have and I’ll show you a liar!

Time to invest in companies that make body-bags?

And really…just who are the idiots that are buying right now, anyway? I suspect most are recent immigrants (legal or illegal, it doesn’t matter) who have absolutely no frickin’ clue…

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Maybe we should call it a “tsunARMi”.

Too bad for all the FBs out there, it appears that all “emergency evacuation routes” are becoming grid-locked rather quickly;-)

Cowabunga!!!!

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I have heard it is full of “born-agains” so , unless you are “NOTW”, you may not like it;-)

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“However, weren’t we all saying that 2007 was going to be the year while now we seem to saying look out for 2008.”

Folks…we are only 21% of the way through 2007. Nearly 80% of the year awaits and I project it gets much, much worse before it gets any better. Have faith, will ya?

I, for one, am not saying look out for 2008. I am saying look what has happened in the last three weeks! In a “booming” economy, flush with jobs for everyone who wants one, the shit is hitting the fan? You have to wonder why?

Current sales to high-net worth households do not necessarily give a clear picture of the state of the local real estate market, correct?

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From what I’ve seen, inventory has been building for the last three weeks on ZipRealty from just under 16,000 to over 17,000 last night.

I think this is the last hurrah, sdrealtor. Even if there are only 15,111 listings right now, I am certain there are at least 15,112 “greater fools” left to buy them all.

Once the punchbowl is taken away from the Alt-A buying crowd, though, the game is officially over. In other words, check back with us in two months and let’s see if there haven’t been a tremendous number of “back on market” listings. After all, Fremont and New Century just went out within the last three weeks…let’s give that at least a little bit of time to work its’ way through the system.

I remain unconvinced that things are as “good” as you say they are…maybe they are, maybe not.

LBC

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If they keep ANY, they have kept too many, in my not so humble, being validated every single bleeping day, opinion.

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Bottom line for anyone sharing an optimistic viewpoint is this..

Logic and reason went out the window on the way up during this boom and logic and reason will go out the window on the way down.

Sorry, but I am not buying any of the “it’s different this time and here’s why” arguments, as I have heard them all before and seen them all fail to hold up. At the end of the day, the pendulum will overswing on the downside, regardless of your optimism.

Goodbye housing market…farewell “Carnage” (Orange) County…you are headed where no-one but a few of us housing “bears” have predicted.

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