[peterb]

Employment is not a birth right. This will become more painfully obvious in 2009. For the people that stayed careful and did not over extend themselves, this is your time. I still remember that the last RE dump started in 1990 and by 1995 you could get great deals. This contraction is looking way worse. So I’d say if this started around 2006, then by 2011, there will be very good deals to be had. Buy all cash and be done with it. Of course, there’s always the state of CA to screw you with taxes. That’s the big unknown going forward. IMO

[peterb]

Employment is not a birth right. This will become more painfully obvious in 2009. For the people that stayed careful and did not over extend themselves, this is your time. I still remember that the last RE dump started in 1990 and by 1995 you could get great deals. This contraction is looking way worse. So I’d say if this started around 2006, then by 2011, there will be very good deals to be had. Buy all cash and be done with it. Of course, there’s always the state of CA to screw you with taxes. That’s the big unknown going forward. IMO

[peterb]

Employment is not a birth right. This will become more painfully obvious in 2009. For the people that stayed careful and did not over extend themselves, this is your time. I still remember that the last RE dump started in 1990 and by 1995 you could get great deals. This contraction is looking way worse. So I’d say if this started around 2006, then by 2011, there will be very good deals to be had. Buy all cash and be done with it. Of course, there’s always the state of CA to screw you with taxes. That’s the big unknown going forward. IMO

[peterb]

Employment is not a birth right. This will become more painfully obvious in 2009. For the people that stayed careful and did not over extend themselves, this is your time. I still remember that the last RE dump started in 1990 and by 1995 you could get great deals. This contraction is looking way worse. So I’d say if this started around 2006, then by 2011, there will be very good deals to be had. Buy all cash and be done with it. Of course, there’s always the state of CA to screw you with taxes. That’s the big unknown going forward. IMO

[peterb]

Nice touch going straight to the listing agent. Letting them get both sides of the transaction is too tempting for most of them to pass up. I did that once in 1999, by accident. But it got my offer in over many other offers. I shall use this as well. Good luck. Sounds like a great place.

[peterb]

Nice touch going straight to the listing agent. Letting them get both sides of the transaction is too tempting for most of them to pass up. I did that once in 1999, by accident. But it got my offer in over many other offers. I shall use this as well. Good luck. Sounds like a great place.

[peterb]

Nice touch going straight to the listing agent. Letting them get both sides of the transaction is too tempting for most of them to pass up. I did that once in 1999, by accident. But it got my offer in over many other offers. I shall use this as well. Good luck. Sounds like a great place.

[peterb]

Nice touch going straight to the listing agent. Letting them get both sides of the transaction is too tempting for most of them to pass up. I did that once in 1999, by accident. But it got my offer in over many other offers. I shall use this as well. Good luck. Sounds like a great place.

[peterb]

Nice touch going straight to the listing agent. Letting them get both sides of the transaction is too tempting for most of them to pass up. I did that once in 1999, by accident. But it got my offer in over many other offers. I shall use this as well. Good luck. Sounds like a great place.

[peterb]

As this tide is going out, we’re finding out just about everyone was not wearing a bathing suit. If one is heavily in cash, the world is starting to look very cheap, but getting cheaper. This was the only historically accurate reaction to a huge and very unsustainable growth in debt. There’s no way we could have kept on the path we were on. So now, we begin the correction to sustainability, but with an over correction…as is usual. I’ve been saying this on this site for the last 8 months. While everyone was salivating about rent vs. own cost being equal and cost vs income ratios getting lower. I’ll say it one more time for those that did not seem to believe what I wrote was true. Unemployment will devistate CA real estate. It always has and will. We’re about to get a massive dose of unemployment that’s going to make everyone recalibrate their financial world.

[peterb]

As this tide is going out, we’re finding out just about everyone was not wearing a bathing suit. If one is heavily in cash, the world is starting to look very cheap, but getting cheaper. This was the only historically accurate reaction to a huge and very unsustainable growth in debt. There’s no way we could have kept on the path we were on. So now, we begin the correction to sustainability, but with an over correction…as is usual. I’ve been saying this on this site for the last 8 months. While everyone was salivating about rent vs. own cost being equal and cost vs income ratios getting lower. I’ll say it one more time for those that did not seem to believe what I wrote was true. Unemployment will devistate CA real estate. It always has and will. We’re about to get a massive dose of unemployment that’s going to make everyone recalibrate their financial world.

[peterb]

As this tide is going out, we’re finding out just about everyone was not wearing a bathing suit. If one is heavily in cash, the world is starting to look very cheap, but getting cheaper. This was the only historically accurate reaction to a huge and very unsustainable growth in debt. There’s no way we could have kept on the path we were on. So now, we begin the correction to sustainability, but with an over correction…as is usual. I’ve been saying this on this site for the last 8 months. While everyone was salivating about rent vs. own cost being equal and cost vs income ratios getting lower. I’ll say it one more time for those that did not seem to believe what I wrote was true. Unemployment will devistate CA real estate. It always has and will. We’re about to get a massive dose of unemployment that’s going to make everyone recalibrate their financial world.

[peterb]

As this tide is going out, we’re finding out just about everyone was not wearing a bathing suit. If one is heavily in cash, the world is starting to look very cheap, but getting cheaper. This was the only historically accurate reaction to a huge and very unsustainable growth in debt. There’s no way we could have kept on the path we were on. So now, we begin the correction to sustainability, but with an over correction…as is usual. I’ve been saying this on this site for the last 8 months. While everyone was salivating about rent vs. own cost being equal and cost vs income ratios getting lower. I’ll say it one more time for those that did not seem to believe what I wrote was true. Unemployment will devistate CA real estate. It always has and will. We’re about to get a massive dose of unemployment that’s going to make everyone recalibrate their financial world.

[peterb]

As this tide is going out, we’re finding out just about everyone was not wearing a bathing suit. If one is heavily in cash, the world is starting to look very cheap, but getting cheaper. This was the only historically accurate reaction to a huge and very unsustainable growth in debt. There’s no way we could have kept on the path we were on. So now, we begin the correction to sustainability, but with an over correction…as is usual. I’ve been saying this on this site for the last 8 months. While everyone was salivating about rent vs. own cost being equal and cost vs income ratios getting lower. I’ll say it one more time for those that did not seem to believe what I wrote was true. Unemployment will devistate CA real estate. It always has and will. We’re about to get a massive dose of unemployment that’s going to make everyone recalibrate their financial world.

[peterb]

A seller may take any offer they deem as the best. Right now, an offer of cash probably carries more impact than an offer that based on a loan. Eventhough the cash offer is for a lower dollar amount. So, the definition of “best” offer may also come into play as well as any type of behavior that is fraudulent in nature.

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