Forum Replies Created
-
AuthorPosts
-
May 3, 2007 at 1:16 PM in reply to: “Those who say the prices are going to go down 50 percent are just yahoos who are not looking at the whole picture,” #51742April 30, 2007 at 3:52 PM in reply to: Do increased foreclosures raise mortgage interest rates? #51478
little lady
ParticipantWell of course it doesn’t, it didn’t in the last downturn……….
April 30, 2007 at 12:33 PM in reply to: Last month SD RE Prices up 2.1% sales up 34% . . . is market firming???? #51462little lady
Participant“Despite the drop, David Cabot, president of the San Diego Association of Realtors, saw positive growth in the report.”
He needs new googles………
April 30, 2007 at 11:49 AM in reply to: Looks like even the business journals in SD have been bought off by builders. #51451little lady
Participantschizo2buyORnot
You go ahead, “keep hope alive”! There is no getting around it. We are headed for a steeper decline in housing prices. For some reason or another you fail to believe it. I myself felt very unsure until recently. I put my house on the market in February, it sold in 45 days. However, already down 15% from peak price. I felt like maybe this isn’t the end, but it infact is THE BEGGINING of the end.
I bought my house in last downturn, because I heard it was a good time to buy. The writing is on the wall, EVERYONE is writing and talking about it, just about every news entity is talking about the housing slump. Houses sit empty, foreclosures are up. You try hard to look for random articles that claim a silverlining. When the consensus is that the housing market is tanking.
You should check out this website.
It contains articles on both ends of the spectrum, although lately they have been comepletely onesided….because the market is declining.
little lady
Participantforeclosures up 47% nationwide….
http://realestate.msn.com/Buying/Article2.aspx?cp-documentid=4734564
April 27, 2007 at 12:01 AM in reply to: **RING THE BELL** Offically over 20,000 for sale in San Diego County!!! #51257little lady
ParticipantIt is NOT the same as last time. No two downturns are identical, though they are cyclical.
It makes no difference how you slice it, we ARE in a downturn. What remains to be seen is how far and fast it will go.
little lady
ParticipantCheck this out on PBS…….
http://www.pbs.org/now/thisweek/index_082605.htmllittle lady
Participant“Countrywide profit falls 37 pct, forecast cut”
http://www.reuters.com/article/marketsNews/idUSN2638007220070426?pageNumber=1
Companies are changing their forecasts! More fuel to the fire!
Here’s more………..
http://www.bloomberg.com/apps/news?pid=20601087&sid=asMQaYiAoWtI&refer=home
little lady
ParticipantSale of my house will close on May 10th, if everything goes right….ttfn
April 14, 2007 at 10:24 AM in reply to: Weakness spreads from subprime mortgage market to so-called Alt-A segment #50108little lady
ParticipantYou can’t bail out if there is no one who is there to bail to …..driving prices down.
April 13, 2007 at 6:21 PM in reply to: Surprisingly good article on money.cnn.com on the bialout debacle #50084little lady
ParticipantI say use the money to help bail out SOCIAL SECURITY!!!!
little lady
Participant“Such a tragic tale. Immigrant Farmer making $15,000 get’s $720,000 loan and can’t afford it”
That’s what I am talkin”bout, there is NO WAY to refinance to get this guy to be able to pay unless he’s got like a ’90 year loan!
little lady
Participant“Who will qualify for a bail out?
Do you even need a job to qualify?
How does one apply for a bail out?”THAT is what I am saying NOT everyone will qualify. My brother bought 2 houses(owns 3)during the last 2 years. I don’t know if he has the kind of “variable interest/teaser” loans, though I don’t think so. He is going to be upside down in the one he lives in, and the one he is selling that he just bought prior. I doubt he will sell it(but that’s another story). HOW could someone who bought more than 1 home in this market be afforded that luxury. NO WAY! Many people that will be facing foreclosure bought to FLIP! They can’t be saved! Look out for “The Fall of ’08”.
little lady
Participant“Subprime resets to peak through April 2008”
That was in the oc register today….
Here’s the link,
http://www.ocregister.com/ocregister/money/subprime/article_1647893.php
FALL of ’08 baby!
little lady
ParticipantI am already seeing prices listed like back in ’03 on some foreclosure property, in my area. It makes me wanna jump back in!
-
AuthorPosts
