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peterb
ParticipantLots of economic history on credit bubble’s bursting: Senior currency rises about other currencies (US$). Gold is seen as a safe store of value as all central banks start to get creative in an effort to stave off the contraction. Look for the stock market to really crater in October.
Rising unemployment will destroy so much demand that the real CPI could get to 0%.peterb
ParticipantLots of economic history on credit bubble’s bursting: Senior currency rises about other currencies (US$). Gold is seen as a safe store of value as all central banks start to get creative in an effort to stave off the contraction. Look for the stock market to really crater in October.
Rising unemployment will destroy so much demand that the real CPI could get to 0%.peterb
ParticipantLots of economic history on credit bubble’s bursting: Senior currency rises about other currencies (US$). Gold is seen as a safe store of value as all central banks start to get creative in an effort to stave off the contraction. Look for the stock market to really crater in October.
Rising unemployment will destroy so much demand that the real CPI could get to 0%.peterb
ParticipantInteresting observations and analysis. However, I think that the RE market does not exist in it’s own universe. The overall economy plays and huge and dynamic role in the condition of the RE market. Rising unemployment is going to really kill it. IMO.
(I’d be curious to know how South Park and North Park are holding up?)If you follow Mr. Mortgage, then you will see a huge number of larger dollar loans coming into the foreclosure arena. My thesis is that these loans are in the more coveted areas like RB, 4S, etc…
An economic contraction usually hits the low-end first because they’re often already financially stressed and have little back-up reserve. As this contraction persists, it starts to effect wealthier people that have been holding-out for the recovery that has not yet arrived.One of the realtor’s on this site brought up the concept of seeing who’s behind on their property tax payments as in indicator of financial stress. I believe this may be better than NOD’s from lenders because I think it’s public record and not subject to the crap that lenders are pulling right now in a sorry effort to save themselves.
Anyone have feedback on this?On areas changing:It has been my experience that a recession has the opposite effect of gentrification. That is, bad areas get worse and areas that were getting gentrified start going south fast as the recession continues.
peterb
ParticipantInteresting observations and analysis. However, I think that the RE market does not exist in it’s own universe. The overall economy plays and huge and dynamic role in the condition of the RE market. Rising unemployment is going to really kill it. IMO.
(I’d be curious to know how South Park and North Park are holding up?)If you follow Mr. Mortgage, then you will see a huge number of larger dollar loans coming into the foreclosure arena. My thesis is that these loans are in the more coveted areas like RB, 4S, etc…
An economic contraction usually hits the low-end first because they’re often already financially stressed and have little back-up reserve. As this contraction persists, it starts to effect wealthier people that have been holding-out for the recovery that has not yet arrived.One of the realtor’s on this site brought up the concept of seeing who’s behind on their property tax payments as in indicator of financial stress. I believe this may be better than NOD’s from lenders because I think it’s public record and not subject to the crap that lenders are pulling right now in a sorry effort to save themselves.
Anyone have feedback on this?On areas changing:It has been my experience that a recession has the opposite effect of gentrification. That is, bad areas get worse and areas that were getting gentrified start going south fast as the recession continues.
peterb
ParticipantInteresting observations and analysis. However, I think that the RE market does not exist in it’s own universe. The overall economy plays and huge and dynamic role in the condition of the RE market. Rising unemployment is going to really kill it. IMO.
(I’d be curious to know how South Park and North Park are holding up?)If you follow Mr. Mortgage, then you will see a huge number of larger dollar loans coming into the foreclosure arena. My thesis is that these loans are in the more coveted areas like RB, 4S, etc…
An economic contraction usually hits the low-end first because they’re often already financially stressed and have little back-up reserve. As this contraction persists, it starts to effect wealthier people that have been holding-out for the recovery that has not yet arrived.One of the realtor’s on this site brought up the concept of seeing who’s behind on their property tax payments as in indicator of financial stress. I believe this may be better than NOD’s from lenders because I think it’s public record and not subject to the crap that lenders are pulling right now in a sorry effort to save themselves.
Anyone have feedback on this?On areas changing:It has been my experience that a recession has the opposite effect of gentrification. That is, bad areas get worse and areas that were getting gentrified start going south fast as the recession continues.
peterb
ParticipantInteresting observations and analysis. However, I think that the RE market does not exist in it’s own universe. The overall economy plays and huge and dynamic role in the condition of the RE market. Rising unemployment is going to really kill it. IMO.
(I’d be curious to know how South Park and North Park are holding up?)If you follow Mr. Mortgage, then you will see a huge number of larger dollar loans coming into the foreclosure arena. My thesis is that these loans are in the more coveted areas like RB, 4S, etc…
An economic contraction usually hits the low-end first because they’re often already financially stressed and have little back-up reserve. As this contraction persists, it starts to effect wealthier people that have been holding-out for the recovery that has not yet arrived.One of the realtor’s on this site brought up the concept of seeing who’s behind on their property tax payments as in indicator of financial stress. I believe this may be better than NOD’s from lenders because I think it’s public record and not subject to the crap that lenders are pulling right now in a sorry effort to save themselves.
Anyone have feedback on this?On areas changing:It has been my experience that a recession has the opposite effect of gentrification. That is, bad areas get worse and areas that were getting gentrified start going south fast as the recession continues.
peterb
ParticipantInteresting observations and analysis. However, I think that the RE market does not exist in it’s own universe. The overall economy plays and huge and dynamic role in the condition of the RE market. Rising unemployment is going to really kill it. IMO.
(I’d be curious to know how South Park and North Park are holding up?)If you follow Mr. Mortgage, then you will see a huge number of larger dollar loans coming into the foreclosure arena. My thesis is that these loans are in the more coveted areas like RB, 4S, etc…
An economic contraction usually hits the low-end first because they’re often already financially stressed and have little back-up reserve. As this contraction persists, it starts to effect wealthier people that have been holding-out for the recovery that has not yet arrived.One of the realtor’s on this site brought up the concept of seeing who’s behind on their property tax payments as in indicator of financial stress. I believe this may be better than NOD’s from lenders because I think it’s public record and not subject to the crap that lenders are pulling right now in a sorry effort to save themselves.
Anyone have feedback on this?On areas changing:It has been my experience that a recession has the opposite effect of gentrification. That is, bad areas get worse and areas that were getting gentrified start going south fast as the recession continues.
peterb
ParticipantI think TemeculaGuy is your man.
peterb
ParticipantI think TemeculaGuy is your man.
peterb
ParticipantI think TemeculaGuy is your man.
peterb
ParticipantI think TemeculaGuy is your man.
peterb
ParticipantI think TemeculaGuy is your man.
peterb
ParticipantFollow the money and consider the source. If you look at Wall Street, it’s given a little more to Obama than McCain, but not too much. They’re not sure who’s gonna win either. Kinda like a hedge fund, only for politics. And it’s the same every election.
DiFi and her hubby are stupid rich. $500M or more last time I heard. Like she cares about us..hahhahahaha
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