[rocket science]

stop you are killing me!

rs

[rocket science]

stop you are killing me!

rs

[rocket science]

stop you are killing me!

rs

[rocket science]

This can’t be real……….

Sorry but I am laughing too hard.
And agree with 4runner, you can’t start a contest as a hands down winner.
Exclude pizzaman and lets see what others cna find.
Sorry can’t stop laughing, it is beginning to hurt.

[rocket science]

This can’t be real……….

Sorry but I am laughing too hard.
And agree with 4runner, you can’t start a contest as a hands down winner.
Exclude pizzaman and lets see what others cna find.
Sorry can’t stop laughing, it is beginning to hurt.

[rocket science]

This can’t be real……….

Sorry but I am laughing too hard.
And agree with 4runner, you can’t start a contest as a hands down winner.
Exclude pizzaman and lets see what others cna find.
Sorry can’t stop laughing, it is beginning to hurt.

[rocket science]

Oddly enough there was an article associated with this on the front page of the LA Times today.

 http://www.latimes.com/business/la-fi-foreclose27oct27,0,5892547.story?coll=la-home-business 

In addition to implying that the foreclosure activity trend is creeping into affluent communities it included a couple of other interesting points:

 The mortgage deals driving those high prices proved too good to be true, DataQuick President Marshall Prentice said. "We know now, in emerging detail, that a lot of these loans shouldn't have been made," Prentice said. We know now?????? 

And despite Enorah’s prediction back in July

http://piggington.com/the_tipping_point_is_here

We are lead to believe that we have not reached a tipping point.

 As foreclosures multiply in Los Angeles and Orange counties, it is too early to gauge the effect these properties will have on home values there, said Patrick Veling, president of Real Data Strategies Inc., a Brea real estate consulting firm. "Is there a tipping point?" he asked. "I don't know, but we haven't reached it yet." 

It is unfortunate the online story doesn’t come with the graph with the vertical line of foreclosure data.

rs

[rocket science]

Oddly enough there was an article associated with this on the front page of the LA Times today.

 http://www.latimes.com/business/la-fi-foreclose27oct27,0,5892547.story?coll=la-home-business 

In addition to implying that the foreclosure activity trend is creeping into affluent communities it included a couple of other interesting points:

 The mortgage deals driving those high prices proved too good to be true, DataQuick President Marshall Prentice said. "We know now, in emerging detail, that a lot of these loans shouldn't have been made," Prentice said. We know now?????? 

And despite Enorah’s prediction back in July

http://piggington.com/the_tipping_point_is_here

We are lead to believe that we have not reached a tipping point.

 As foreclosures multiply in Los Angeles and Orange counties, it is too early to gauge the effect these properties will have on home values there, said Patrick Veling, president of Real Data Strategies Inc., a Brea real estate consulting firm. "Is there a tipping point?" he asked. "I don't know, but we haven't reached it yet." 

It is unfortunate the online story doesn’t come with the graph with the vertical line of foreclosure data.

rs

[rocket science]

Oddly enough there was an article associated with this on the front page of the LA Times today.

 http://www.latimes.com/business/la-fi-foreclose27oct27,0,5892547.story?coll=la-home-business 

In addition to implying that the foreclosure activity trend is creeping into affluent communities it included a couple of other interesting points:

 The mortgage deals driving those high prices proved too good to be true, DataQuick President Marshall Prentice said. "We know now, in emerging detail, that a lot of these loans shouldn't have been made," Prentice said. We know now?????? 

And despite Enorah’s prediction back in July

http://piggington.com/the_tipping_point_is_here

We are lead to believe that we have not reached a tipping point.

 As foreclosures multiply in Los Angeles and Orange counties, it is too early to gauge the effect these properties will have on home values there, said Patrick Veling, president of Real Data Strategies Inc., a Brea real estate consulting firm. "Is there a tipping point?" he asked. "I don't know, but we haven't reached it yet." 

It is unfortunate the online story doesn’t come with the graph with the vertical line of foreclosure data.

rs

[rocket science]

This isn't in San Diego but want to see something funny?

Thousand Oaks CA.  Which is considered a pretty good area.
Group of about 12 houses built in 2005

Originally listed for close to ~$1M I think

I looked at these when they were being built. Not bad houses except that they all back up to busy streets.

Currently 4 of the 12 on the market……

Now for the funny part.

3556 WHITMAN CT Thousand Oaks, CA $1,299,000

Beds: 4 Baths: 4

Sq. Ft.: 2,914

On Market: 83 days

3477 WHITMAN CT Thousand Oaks, CA $1,399,000

Beds: 5 Baths: 4

Sq. Ft.: 3,138

On Market: 83 days

……And then the ones that appear to have suffered some poor fate (re-set?) and are listed as Lender owned…….

3449 WHITMAN CT Thousand Oaks, CA $869,000

Beds: 4 Baths: 4

Sq. Ft.: 2,816

On Market: 55 days

3420 WHITMAN COURT Thousand Oaks, CA $899,900

Identical to #1 above………only $400K less

Beds: 4 Baths: 4

Sq. Ft.: 2,914

On Market: 8 days

 

These last 2 have got to kill the comps for the first two. LOL.

Also if ZipRealty is correct, #3 has been on the market at the 'discounted price' for almost 2 months.

rs

[rocket science]

This isn't in San Diego but want to see something funny?

Thousand Oaks CA.  Which is considered a pretty good area.
Group of about 12 houses built in 2005

Originally listed for close to ~$1M I think

I looked at these when they were being built. Not bad houses except that they all back up to busy streets.

Currently 4 of the 12 on the market……

Now for the funny part.

3556 WHITMAN CT Thousand Oaks, CA $1,299,000

Beds: 4 Baths: 4

Sq. Ft.: 2,914

On Market: 83 days

3477 WHITMAN CT Thousand Oaks, CA $1,399,000

Beds: 5 Baths: 4

Sq. Ft.: 3,138

On Market: 83 days

……And then the ones that appear to have suffered some poor fate (re-set?) and are listed as Lender owned…….

3449 WHITMAN CT Thousand Oaks, CA $869,000

Beds: 4 Baths: 4

Sq. Ft.: 2,816

On Market: 55 days

3420 WHITMAN COURT Thousand Oaks, CA $899,900

Identical to #1 above………only $400K less

Beds: 4 Baths: 4

Sq. Ft.: 2,914

On Market: 8 days

 

These last 2 have got to kill the comps for the first two. LOL.

Also if ZipRealty is correct, #3 has been on the market at the 'discounted price' for almost 2 months.

rs

[rocket science]

2. If You Can Afford Beer, Then Stick to Beer

I like beer.

rs

[rocket science]

This is one of my new favorites.

According to this dude builders can cut prices by 30-50% and it has no effect on resale

And can anyone point to data that confirms these two quotes?

“This will be the first year since WWII that prices have not appreciated.”

“Prices have never gone down in this country since WWII”

rs

[rocket science]

Am I reading the “fha mortgage limits list” chart from the sight correctly and the highest limit for a one family home in CA is $362,790???
If so, that won’t help most of the people in CA that paid the run up prices.

rs

[rocket science]

Had trouble with the graph.
[img_assist|nid=4336|title=Housing Data|desc=Had trouble with the graph|link=node|align=left|width=466|height=350]
rs

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