[Mexico Resident]

PerryChase,
Love your posts and common sense.
JJGittes, If a single crime is your measure of a place, check out signonsandiego.com – there’s usually 1 or 2 every day. I’m a few hours from Mexico City in Estado de Mexico.

[Mexico Resident]

It’s difficult to respond to this article since it is a poll. There are few to no reasons or supporting data. It’s kind of like responding to David Lereah, you either agree or disagree but there is no discussion possible. I am becoming very suspicious of articles that go “so and so said such and such and he represents the NAR (or “economists” or “wall street” or etc)

[Mexico Resident]

Looks more like 3% drop to me. But wait. Add another $250K for interest payments during those 5 years. Adjust for inflation another $150K. Looks like about $400K cost all told in real terms. (I didn’t even include the 6-8% cost of sales)

[Mexico Resident]

I think this goes to the heart of the attitude that somehow San Diego (and California) is the promised land where there is abundant opportunity. This was probably truer 50 years ago. I find Mexico (although poor and with a different set of issues) to be MUCH more family friendly.

[Mexico Resident]

WTF, my comment was about stopforeclosure, not at all about you, I apologize if it came across as about you. stopforeclosure, the comment about 877youkeep being everywhere isn’t that hard to understand. It is a concern that you are a spammer.

[Mexico Resident]

sdrealtor,
Great info! I really appreciate you contribution.

[Mexico Resident]

stopforeclosure, if I were a betting man I would say prior real estate agent or possibly current. Or maybe marginally employed salesman.

[Mexico Resident]

The uptick in sales in October was quite modest. I don’t think it is meaningful unless it continues and trends. The sales prices declined, so another interpretation is that the bottom is starting to fall out and some people jumped on the low prices (prematurely). But only time will tell.

[Mexico Resident]

PS, sounds like your neighbor will buy soon at tier 1 prices (since they have a good realtor advising them). But really PS, why in the world would you have any interest in a neighbor’s move? Who cares? Let them do whatever they want.

[Mexico Resident]

Excuse me for saying but your posts and site are pretty spammy. I looked at your site and it has almost no content. Have you just started? Can you give some concrete examples of homes you have sold, or point us to REAL listings (please not another link to your site unless it includes addresses and prices). Please prove me wrong and provide us with some insight.

[Mexico Resident]

I agree with Bugs completely. It never fails to amaze me that people can think a huge loss for a business is nothing. And I think it is worth repeating that even if this scenario were to take place, basically you are stating as a given that there is a real estate disaster. That won’t stop the collapse, it sounds more like the aftermath.

[Mexico Resident]

I can’t see banks doing this as a matter of policy. And it would have to be policy to make a difference industry-wide. That might represent something like $10-$100 billion dollars of loss for a large bank? No way.

[Mexico Resident]

I skimmed through the article and it appears to be based on a bank-centric, liquidity-centric view. There is NO consideration of other fundamentals and market psychology. Can anyone comment on the story’s assertion that REITs are still doing great in the market and this shows real estate is healthy.

[Mexico Resident]

powayseller, $10 per month? That’s over $100 per year for a website subscription. I predict failure at that price. How about making it free for a year or two, then if you really really want to drive everyone away (maybe back to Piggington’s), then charge.

[Mexico Resident]

“Of the 67 listings that went inactive since early June (when I started keeping track of them) only 5 have sold according to Zillow ” Good data! Thanks! 5 houses sold in 5 months? That’s totally pathetic! At that rate it will take 60 months to sell the rest of the “inactives” when they come back on the market.

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