[mgubnyc1]

WOW! if you are right and this is only worth 300K then at least half of the people in murrieta/temecula never mind Hemit, Wildomar and French Valley they are all upside down and by 100’s of thousands of dollars. Are you guy’s sure about this? this is going to get very, very ugly!

[mgubnyc1]

WOW! if you are right and this is only worth 300K then at least half of the people in murrieta/temecula never mind Hemit, Wildomar and French Valley they are all upside down and by 100’s of thousands of dollars. Are you guy’s sure about this? this is going to get very, very ugly!

[mgubnyc1]

Somethings fishy here in 92563!
sold 2/06 for 730K
sold 7/07 for 624K

you could buy it today for 475K

the buyer in 2/06 didn’t even stay long enough for the loan to re-set so how could this be one of those buyers that didn’t know his loan payments were going go up when the loan re-set, this buyer must have cashed out at escrow.

fraud!
http://www.redfin.com/stingray/do/printable-listing?listing-id=1030025

[mgubnyc1]

Somethings fishy here in 92563!
sold 2/06 for 730K
sold 7/07 for 624K

you could buy it today for 475K

the buyer in 2/06 didn’t even stay long enough for the loan to re-set so how could this be one of those buyers that didn’t know his loan payments were going go up when the loan re-set, this buyer must have cashed out at escrow.

fraud!
http://www.redfin.com/stingray/do/printable-listing?listing-id=1030025

[mgubnyc1]

Somethings fishy here in 92563!
sold 2/06 for 730K
sold 7/07 for 624K

you could buy it today for 475K

the buyer in 2/06 didn’t even stay long enough for the loan to re-set so how could this be one of those buyers that didn’t know his loan payments were going go up when the loan re-set, this buyer must have cashed out at escrow.

fraud!
http://www.redfin.com/stingray/do/printable-listing?listing-id=1030025

[mgubnyc1]

cyphire, beautifully put, you are so right!!

So if what you say is all true, and I think it is, when home prices or if home prices fall to 2002 levels, how is this going to help the middle class, other then have a bigger house a smaller mortgage and more tax’s were still going to be heading down the same path.

[mgubnyc1]

cyphire, beautifully put, you are so right!!

So if what you say is all true, and I think it is, when home prices or if home prices fall to 2002 levels, how is this going to help the middle class, other then have a bigger house a smaller mortgage and more tax’s were still going to be heading down the same path.

[mgubnyc1]

cyphire, beautifully put, you are so right!!

So if what you say is all true, and I think it is, when home prices or if home prices fall to 2002 levels, how is this going to help the middle class, other then have a bigger house a smaller mortgage and more tax’s were still going to be heading down the same path.

[mgubnyc1]

YES I agree but you can’t get rid of the side effects until you stop doing what is that is causing them. So unless lenders stop loaning money to people and corporations that will never pay the loans back we will continue to go down, down and down, the US dollar will be worthless and we’ll be into deflation big time.

but so what, houses will be more affordable!

imo a house is a place to bring up your family, watch your kids grow up its not an investment you keep buying and selling. I wonder how all these families handle the moving so often. If you want to invest in real-estate then buy appartment buildings or comericial property, you’ll do much better!

[mgubnyc1]

YES I agree but you can’t get rid of the side effects until you stop doing what is that is causing them. So unless lenders stop loaning money to people and corporations that will never pay the loans back we will continue to go down, down and down, the US dollar will be worthless and we’ll be into deflation big time.

but so what, houses will be more affordable!

imo a house is a place to bring up your family, watch your kids grow up its not an investment you keep buying and selling. I wonder how all these families handle the moving so often. If you want to invest in real-estate then buy appartment buildings or comericial property, you’ll do much better!

[mgubnyc1]

YES I agree but you can’t get rid of the side effects until you stop doing what is that is causing them. So unless lenders stop loaning money to people and corporations that will never pay the loans back we will continue to go down, down and down, the US dollar will be worthless and we’ll be into deflation big time.

but so what, houses will be more affordable!

imo a house is a place to bring up your family, watch your kids grow up its not an investment you keep buying and selling. I wonder how all these families handle the moving so often. If you want to invest in real-estate then buy appartment buildings or comericial property, you’ll do much better!

[mgubnyc1]

The fiscally conservative were punished for years and now they will be rewarded

why is that you think the only people that didn’t buy home’s were fiscally conservative? What about the fiscally conservative people that saved money in retirement plans that have lost thousands of dollars? what about you and I that will see our tax’s increase to help pay for the bail outs? is this how you like to be rewarded?

Temeculaguy we agree any many issues, except for maybe how you will profit from this downturn. I only hope you get your wish and your able to buy that 800k mcmansion in Temecula for 400K, so what, in ten years from now it will still be worth 380K ITS TEMECULA! IT WAS NEVER WORTH THE 800K TO BEGIN WITH!

and I really don’t care about the nurses or the idiots who took a toxic loan and now are losing the home, they made the choices now they have to live with them.
BUT THERE ARE HUNDREDS OF THOUSANDS OF PEOPLE THAT COMMITED FRAUD INCLUDING THE LENDERS and contrary to what alot of people think nothing will happen to them.

What pisses me off is why these people were able to get these loans in the first place. In other countries you can’t just borrow what ever you want, even if you have hundreds of thousands of dollars in equity! If you can’t prove to the lender you could make the payments they won’t give you the loan no matter how much intrest you’re willing to pay!
The problem wasn’t the nurses or the idiot’s it’s the lenders!!

[mgubnyc1]

The fiscally conservative were punished for years and now they will be rewarded

why is that you think the only people that didn’t buy home’s were fiscally conservative? What about the fiscally conservative people that saved money in retirement plans that have lost thousands of dollars? what about you and I that will see our tax’s increase to help pay for the bail outs? is this how you like to be rewarded?

Temeculaguy we agree any many issues, except for maybe how you will profit from this downturn. I only hope you get your wish and your able to buy that 800k mcmansion in Temecula for 400K, so what, in ten years from now it will still be worth 380K ITS TEMECULA! IT WAS NEVER WORTH THE 800K TO BEGIN WITH!

and I really don’t care about the nurses or the idiots who took a toxic loan and now are losing the home, they made the choices now they have to live with them.
BUT THERE ARE HUNDREDS OF THOUSANDS OF PEOPLE THAT COMMITED FRAUD INCLUDING THE LENDERS and contrary to what alot of people think nothing will happen to them.

What pisses me off is why these people were able to get these loans in the first place. In other countries you can’t just borrow what ever you want, even if you have hundreds of thousands of dollars in equity! If you can’t prove to the lender you could make the payments they won’t give you the loan no matter how much intrest you’re willing to pay!
The problem wasn’t the nurses or the idiot’s it’s the lenders!!

[mgubnyc1]

The fiscally conservative were punished for years and now they will be rewarded

why is that you think the only people that didn’t buy home’s were fiscally conservative? What about the fiscally conservative people that saved money in retirement plans that have lost thousands of dollars? what about you and I that will see our tax’s increase to help pay for the bail outs? is this how you like to be rewarded?

Temeculaguy we agree any many issues, except for maybe how you will profit from this downturn. I only hope you get your wish and your able to buy that 800k mcmansion in Temecula for 400K, so what, in ten years from now it will still be worth 380K ITS TEMECULA! IT WAS NEVER WORTH THE 800K TO BEGIN WITH!

and I really don’t care about the nurses or the idiots who took a toxic loan and now are losing the home, they made the choices now they have to live with them.
BUT THERE ARE HUNDREDS OF THOUSANDS OF PEOPLE THAT COMMITED FRAUD INCLUDING THE LENDERS and contrary to what alot of people think nothing will happen to them.

What pisses me off is why these people were able to get these loans in the first place. In other countries you can’t just borrow what ever you want, even if you have hundreds of thousands of dollars in equity! If you can’t prove to the lender you could make the payments they won’t give you the loan no matter how much intrest you’re willing to pay!
The problem wasn’t the nurses or the idiot’s it’s the lenders!!

[mgubnyc1]

jc you live in America, anything could happen, you may even wil a lotto. What if you were born in Iran or Iraq would your chances of a nice home be any better?
I agree home prices did go out of control, but more so in certain locations. For example percentage wise homes very close to major cities like LA and New York saw less of an increase compared to lets say a home in Murrieta or simular that increased 3 X or more in value in less then 4 years. I really hope were not going to see hugh reductions in prime real-estate. your not going to see homes on Newport Beach selling for 700K your dreaming, but if we do wake up and see this were fucked!

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