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Sounds like standard wishful thinking gossip and rumors repeated so many times amongst the realtors that they all take it as fact.

One think I learned about realtors is that for the majority, 99% of what they claim is fact is drunk babble other realtors are trying to impress them with at the agent showing or realtor mixers.

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Bugs, in which case, wouldn’t the improvement funds be held in escrow pending completion and clearance of inspection?

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I wrote Dodd, Feinstein, Boxer and the whitehouse. In Dodd’s note, I basically told him he was abetting a crime against the American taxpayers.

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Any speculations on the next industry to absorb all these jobless people?

Repo-men.
Debt Collections.
Loss mitigation departments.
Booze.
Gambling.
illegal drug and sex trades.

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August 2002: SFR – $360K Condos – $244K

August 1997: SFR – $183K Condos – $137K

While 1997 was laying pretty much on the bottom, you can see by 2002, we were well out of it, potentially excessively so giving 100% appreciation in 5 years which is a compounded return of 15%/year.

SD UT has median info online.

I used to think 2002 numbers were pretty secure, but I’m having more and more doubts. I see more and more fraud coming to light which in indicates the actual home buyer peak may have been 2003/2004 and everything since was fraud propping up fraud. When single buyers are buying five or six homes through multiple mortgage brokers before the loans can register, those aren’t real sales and the competition they caused wasn’t real either.

The hang over from this one will be bad.

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Income is up up up. Haven’t you got the memos? JK.

I think the 2010 census will be rough. If the American community survey samples SoCal between 2007-2008, it’ll be interesting to observe what I predict will be an income drop in the area.

We’re way out whack on current income numbers which have benefited from a massive run up due to RE commissions, construction O/T and premiums and 30,000 anybody’s with a pulse being able to re-sell house in 6 months for a $100,000 profit.

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Children will be forced to convert to the “Church of the Warming Globe” as a condition of graduation

Is that like the mandatory volunteer community service requirement being bandied around for graduation?

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I have a feeling we’ll see many such proposals as the foreclosure “problem” slices through white middle class America. Joe & Jane Sixpack are going to cry a river over not realizing the terms while a simple peak in the garbage will show $3000 rims on Joe’s 2005 Truck and a 52″ flat panel LCD HDTV hung over the TV in the living room.

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Not necessarily. On a $130k income, you would certainly have more

Actually, he won’t, married filing jointly, $130K taxable income yields $7800 in income tax.

So he’ll lose about $3000 in standard deduction.

He’s kind of at the sweet spot for mortgage deduction, however with 3 kids and a spouse lobbing mortgage interest, property tax deductions on may swing him into AMT.

Since his taxes are pretty simple, he should invest $19 in TaxCut/TurboTax or the equivalent and spend 15 minutes doing a mock up.

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Offshore Nuclear Power/Desalination plants… that’s the answer. We can store the waste in the empty Lake Meade.

That’s a lot of power.

San Diego’s water need alone will require 20,000 MW supply.

Lob on OC, LA, Riverside and San Bernardino and you basically exceed CAL-ISO grid peak-power capabilities.

Of course, that’s without considering the impacts on the environment of desalinating 6,000,000 Acre feet of ocean off our coast every year.

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What about Vegas? Great for a young single guy with lots of clubs restaurants and stuff to do.

I had a friend move there two years ago, he’s back already.

For weekend partiers, it’s Sin City. For the locals, it’s hard not to be Strung-Out Hard Luck City. Everything has a price tag. For an eye-opener, go by the utilities during the business day on Fridays. The cars are lined up to pay cash to keep their utilities on.

More importantly, not a lot of economic diversity and the city really lives and dies on the Sin City tourist trade.

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Your honor, I submit into evidence Article #1 for plaintiff of Nancy O. Default versus Fremont in serving illegal foreclosure.

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It doesn’t matter if your credit rating was 620, 720 or 820, if you didn’t pay attention on the toxic mortgages and know you can handle the max payment, they will sink you. I don’t if any less than 95% of the borrowers are thinking of anything other than the minimum payment.

A classic example is Lending Tree’s $400,000 for $1334 a month ads. When you payment jumps from $1334 a month after your optional 12 month minimum payment expires reseting to $3050 a month, most buyers are going to be financially stressed.

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Austin TX. Good airport too. Although the locals are all complaining about the yuppies and Californians moving in.

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Going zero down when you have the money and the ability pay the fully index rate is potentially a good move.

Going zero down when you can barely cover the teaser ARM payment …

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