[Rt.66]

Having a loved one with health issues I have spent lots of time in hospitals and dealt with lots of doctors. It has been my experience that our health system is hopelessly broken now and love it or hate it, it’s time we accept the conclusion that every other first world nation has come to and that is National Health Care (NHC).

1) Health insurance has become way, way too expensive for those that pay for it. And it’s rocketing up every year.

2) The rest pay anywhere from little to nothing into the system. People who are not citizens even get free healthcare.

Is that sustainable?

3) If you have no insurance or are under-insured BUT have a job and are getting by….getting ill or in an accident will ruin your life financially forever.

Is that right?

I used to agree with those that said that our healthcare system was the envy of the world. But for a decade now it’s crumbled to the point that it’s horribly unfair. Maybe healthcare has simply failed to change with the economic realities in America? After-all most of us used to work for large companies building things of use. Those companies paid for healthcare and pensions.

Then we switched to service jobs and more small business jobs that did not provide those things and still tried to keep the old healthcare system?

On the billing issue. I recently had to go to the emergency room. I was treated like shit until they learned I had insurance (I wonder if illegals get this treatment?). Once the discovered insurance, multiple tests insued. They must be happy with what they are getting because they sure get eager to do billable stuff when they know they have insurance to work with.

[Rt.66]

Having a loved one with health issues I have spent lots of time in hospitals and dealt with lots of doctors. It has been my experience that our health system is hopelessly broken now and love it or hate it, it’s time we accept the conclusion that every other first world nation has come to and that is National Health Care (NHC).

1) Health insurance has become way, way too expensive for those that pay for it. And it’s rocketing up every year.

2) The rest pay anywhere from little to nothing into the system. People who are not citizens even get free healthcare.

Is that sustainable?

3) If you have no insurance or are under-insured BUT have a job and are getting by….getting ill or in an accident will ruin your life financially forever.

Is that right?

I used to agree with those that said that our healthcare system was the envy of the world. But for a decade now it’s crumbled to the point that it’s horribly unfair. Maybe healthcare has simply failed to change with the economic realities in America? After-all most of us used to work for large companies building things of use. Those companies paid for healthcare and pensions.

Then we switched to service jobs and more small business jobs that did not provide those things and still tried to keep the old healthcare system?

On the billing issue. I recently had to go to the emergency room. I was treated like shit until they learned I had insurance (I wonder if illegals get this treatment?). Once the discovered insurance, multiple tests insued. They must be happy with what they are getting because they sure get eager to do billable stuff when they know they have insurance to work with.

[Rt.66]

Having a loved one with health issues I have spent lots of time in hospitals and dealt with lots of doctors. It has been my experience that our health system is hopelessly broken now and love it or hate it, it’s time we accept the conclusion that every other first world nation has come to and that is National Health Care (NHC).

1) Health insurance has become way, way too expensive for those that pay for it. And it’s rocketing up every year.

2) The rest pay anywhere from little to nothing into the system. People who are not citizens even get free healthcare.

Is that sustainable?

3) If you have no insurance or are under-insured BUT have a job and are getting by….getting ill or in an accident will ruin your life financially forever.

Is that right?

I used to agree with those that said that our healthcare system was the envy of the world. But for a decade now it’s crumbled to the point that it’s horribly unfair. Maybe healthcare has simply failed to change with the economic realities in America? After-all most of us used to work for large companies building things of use. Those companies paid for healthcare and pensions.

Then we switched to service jobs and more small business jobs that did not provide those things and still tried to keep the old healthcare system?

On the billing issue. I recently had to go to the emergency room. I was treated like shit until they learned I had insurance (I wonder if illegals get this treatment?). Once the discovered insurance, multiple tests insued. They must be happy with what they are getting because they sure get eager to do billable stuff when they know they have insurance to work with.

[Rt.66]

Having a loved one with health issues I have spent lots of time in hospitals and dealt with lots of doctors. It has been my experience that our health system is hopelessly broken now and love it or hate it, it’s time we accept the conclusion that every other first world nation has come to and that is National Health Care (NHC).

1) Health insurance has become way, way too expensive for those that pay for it. And it’s rocketing up every year.

2) The rest pay anywhere from little to nothing into the system. People who are not citizens even get free healthcare.

Is that sustainable?

3) If you have no insurance or are under-insured BUT have a job and are getting by….getting ill or in an accident will ruin your life financially forever.

Is that right?

I used to agree with those that said that our healthcare system was the envy of the world. But for a decade now it’s crumbled to the point that it’s horribly unfair. Maybe healthcare has simply failed to change with the economic realities in America? After-all most of us used to work for large companies building things of use. Those companies paid for healthcare and pensions.

Then we switched to service jobs and more small business jobs that did not provide those things and still tried to keep the old healthcare system?

On the billing issue. I recently had to go to the emergency room. I was treated like shit until they learned I had insurance (I wonder if illegals get this treatment?). Once the discovered insurance, multiple tests insued. They must be happy with what they are getting because they sure get eager to do billable stuff when they know they have insurance to work with.

[Rt.66]

Having a loved one with health issues I have spent lots of time in hospitals and dealt with lots of doctors. It has been my experience that our health system is hopelessly broken now and love it or hate it, it’s time we accept the conclusion that every other first world nation has come to and that is National Health Care (NHC).

1) Health insurance has become way, way too expensive for those that pay for it. And it’s rocketing up every year.

2) The rest pay anywhere from little to nothing into the system. People who are not citizens even get free healthcare.

Is that sustainable?

3) If you have no insurance or are under-insured BUT have a job and are getting by….getting ill or in an accident will ruin your life financially forever.

Is that right?

I used to agree with those that said that our healthcare system was the envy of the world. But for a decade now it’s crumbled to the point that it’s horribly unfair. Maybe healthcare has simply failed to change with the economic realities in America? After-all most of us used to work for large companies building things of use. Those companies paid for healthcare and pensions.

Then we switched to service jobs and more small business jobs that did not provide those things and still tried to keep the old healthcare system?

On the billing issue. I recently had to go to the emergency room. I was treated like shit until they learned I had insurance (I wonder if illegals get this treatment?). Once the discovered insurance, multiple tests insued. They must be happy with what they are getting because they sure get eager to do billable stuff when they know they have insurance to work with.

[Rt.66]

It’s nice. From folks who live there I heard people have been driving from far away places to check it out. Its an event. There are a lot of new restaraunts in an area already heavy in eateries. We’ll see how that works out as several restaruants have already failed over the past couple of years in that mall.

As for the crowds right now….many, many people in Temecula/Murrieta are not paying ANY mortgage. It is foreclosure/pre-foreclosure central-mega. That is a lot of spending money that shouldn’t really be there. People in pre-foreclosure, just getting a NOD or who have already decided to stop paying when the Alt-A or ARM resets also like to go out and forget their problems. No mystery on the crowds.

Polish that turd all you want but Temecula-Murrieta is toast. Take a look at RealtyTrac and stop listening to the realtors. Who in Temecula is gonna hang-in there paying on a house upside down by $200-$300k?

Knife catchers are an integral part of any correction, that does not make the future-fingerless reliable predictors of the bottom. Realtors have got to get paid and ANY time is a good time to buy.

[Rt.66]

It’s nice. From folks who live there I heard people have been driving from far away places to check it out. Its an event. There are a lot of new restaraunts in an area already heavy in eateries. We’ll see how that works out as several restaruants have already failed over the past couple of years in that mall.

As for the crowds right now….many, many people in Temecula/Murrieta are not paying ANY mortgage. It is foreclosure/pre-foreclosure central-mega. That is a lot of spending money that shouldn’t really be there. People in pre-foreclosure, just getting a NOD or who have already decided to stop paying when the Alt-A or ARM resets also like to go out and forget their problems. No mystery on the crowds.

Polish that turd all you want but Temecula-Murrieta is toast. Take a look at RealtyTrac and stop listening to the realtors. Who in Temecula is gonna hang-in there paying on a house upside down by $200-$300k?

Knife catchers are an integral part of any correction, that does not make the future-fingerless reliable predictors of the bottom. Realtors have got to get paid and ANY time is a good time to buy.

[Rt.66]

It’s nice. From folks who live there I heard people have been driving from far away places to check it out. Its an event. There are a lot of new restaraunts in an area already heavy in eateries. We’ll see how that works out as several restaruants have already failed over the past couple of years in that mall.

As for the crowds right now….many, many people in Temecula/Murrieta are not paying ANY mortgage. It is foreclosure/pre-foreclosure central-mega. That is a lot of spending money that shouldn’t really be there. People in pre-foreclosure, just getting a NOD or who have already decided to stop paying when the Alt-A or ARM resets also like to go out and forget their problems. No mystery on the crowds.

Polish that turd all you want but Temecula-Murrieta is toast. Take a look at RealtyTrac and stop listening to the realtors. Who in Temecula is gonna hang-in there paying on a house upside down by $200-$300k?

Knife catchers are an integral part of any correction, that does not make the future-fingerless reliable predictors of the bottom. Realtors have got to get paid and ANY time is a good time to buy.

[Rt.66]

It’s nice. From folks who live there I heard people have been driving from far away places to check it out. Its an event. There are a lot of new restaraunts in an area already heavy in eateries. We’ll see how that works out as several restaruants have already failed over the past couple of years in that mall.

As for the crowds right now….many, many people in Temecula/Murrieta are not paying ANY mortgage. It is foreclosure/pre-foreclosure central-mega. That is a lot of spending money that shouldn’t really be there. People in pre-foreclosure, just getting a NOD or who have already decided to stop paying when the Alt-A or ARM resets also like to go out and forget their problems. No mystery on the crowds.

Polish that turd all you want but Temecula-Murrieta is toast. Take a look at RealtyTrac and stop listening to the realtors. Who in Temecula is gonna hang-in there paying on a house upside down by $200-$300k?

Knife catchers are an integral part of any correction, that does not make the future-fingerless reliable predictors of the bottom. Realtors have got to get paid and ANY time is a good time to buy.

[Rt.66]

It’s nice. From folks who live there I heard people have been driving from far away places to check it out. Its an event. There are a lot of new restaraunts in an area already heavy in eateries. We’ll see how that works out as several restaruants have already failed over the past couple of years in that mall.

As for the crowds right now….many, many people in Temecula/Murrieta are not paying ANY mortgage. It is foreclosure/pre-foreclosure central-mega. That is a lot of spending money that shouldn’t really be there. People in pre-foreclosure, just getting a NOD or who have already decided to stop paying when the Alt-A or ARM resets also like to go out and forget their problems. No mystery on the crowds.

Polish that turd all you want but Temecula-Murrieta is toast. Take a look at RealtyTrac and stop listening to the realtors. Who in Temecula is gonna hang-in there paying on a house upside down by $200-$300k?

Knife catchers are an integral part of any correction, that does not make the future-fingerless reliable predictors of the bottom. Realtors have got to get paid and ANY time is a good time to buy.

[Rt.66]

During GD1 the smart money lost the bulk of its fortunes during the second leg down. Where are we in the GD cycle?

FIRE economy is dead, on this we all agree? What is on the horizon to replace those jobs? The average household income in Temecula WAS around $50k, what is it now that unemployment is a rose colored glasses, 10%? The FIRE economy allowed people without degrees to make really good money.

Does anyone see some new high paying industry popping up in the next few years that will hire thousands and thousands and pay very well?

Three times incomes in Temecula is $150k. So historically the average house should be selling for $150k. I am sure the average income is down and dropping fast. Also, this is not an historical time when things should be selling for averages. In times like this things should sell for less than historical averages.

Where is Temecula now? Not many homes for $150k, and none that I would call an average Temecula home. IMO the average price for the average house in Temecula is about $250k. So buying today might earn you a cool $100k loss before things settle.

TG example of his neighborhood was interesting. I spend a bit of time looking at Temecula/Murrieta and the neighborhoods I see have a few new buyers, but those are severely outnumbered by homes lingering in REO status, currently in pre-foreclosure and many that have simply fell off the records. Then add in the many who are living free each month (on a side note, this explains why you still see restaurants full, not paying a mortgage gives you lots of free money) and the banks are ignoring them.

Then consider any tract built 2003 or later will see everyone in the tract way under water. IMHO all of those houses will eventually foreclose (with the exception of the cash and very large DP purchases). Its only a matter of when the loans reset, when the owners capitulate or when the bank finally decides to take the house. Obama is not going to save anyone who is underwater by $200k and that describes everyone in the newer tracts. Lots of resets coming later this year and 2010.

Right now, today on RealtyTrac I see tons and tons of homes in almost all areas of the IE. In many areas you have to zoom in on a neighborhood in order to fit the 300 max foreclosures which are able to display at one time. I am sure there are small hoods like TG’s that have a different story but most are in for trouble for a long time to come.

I know of people who bought REOs 12 months ago in Temecula and they are conservatively underwater $80k today. Will we see a second wave of forclosures as well?

[Rt.66]

During GD1 the smart money lost the bulk of its fortunes during the second leg down. Where are we in the GD cycle?

FIRE economy is dead, on this we all agree? What is on the horizon to replace those jobs? The average household income in Temecula WAS around $50k, what is it now that unemployment is a rose colored glasses, 10%? The FIRE economy allowed people without degrees to make really good money.

Does anyone see some new high paying industry popping up in the next few years that will hire thousands and thousands and pay very well?

Three times incomes in Temecula is $150k. So historically the average house should be selling for $150k. I am sure the average income is down and dropping fast. Also, this is not an historical time when things should be selling for averages. In times like this things should sell for less than historical averages.

Where is Temecula now? Not many homes for $150k, and none that I would call an average Temecula home. IMO the average price for the average house in Temecula is about $250k. So buying today might earn you a cool $100k loss before things settle.

TG example of his neighborhood was interesting. I spend a bit of time looking at Temecula/Murrieta and the neighborhoods I see have a few new buyers, but those are severely outnumbered by homes lingering in REO status, currently in pre-foreclosure and many that have simply fell off the records. Then add in the many who are living free each month (on a side note, this explains why you still see restaurants full, not paying a mortgage gives you lots of free money) and the banks are ignoring them.

Then consider any tract built 2003 or later will see everyone in the tract way under water. IMHO all of those houses will eventually foreclose (with the exception of the cash and very large DP purchases). Its only a matter of when the loans reset, when the owners capitulate or when the bank finally decides to take the house. Obama is not going to save anyone who is underwater by $200k and that describes everyone in the newer tracts. Lots of resets coming later this year and 2010.

Right now, today on RealtyTrac I see tons and tons of homes in almost all areas of the IE. In many areas you have to zoom in on a neighborhood in order to fit the 300 max foreclosures which are able to display at one time. I am sure there are small hoods like TG’s that have a different story but most are in for trouble for a long time to come.

I know of people who bought REOs 12 months ago in Temecula and they are conservatively underwater $80k today. Will we see a second wave of forclosures as well?

[Rt.66]

During GD1 the smart money lost the bulk of its fortunes during the second leg down. Where are we in the GD cycle?

FIRE economy is dead, on this we all agree? What is on the horizon to replace those jobs? The average household income in Temecula WAS around $50k, what is it now that unemployment is a rose colored glasses, 10%? The FIRE economy allowed people without degrees to make really good money.

Does anyone see some new high paying industry popping up in the next few years that will hire thousands and thousands and pay very well?

Three times incomes in Temecula is $150k. So historically the average house should be selling for $150k. I am sure the average income is down and dropping fast. Also, this is not an historical time when things should be selling for averages. In times like this things should sell for less than historical averages.

Where is Temecula now? Not many homes for $150k, and none that I would call an average Temecula home. IMO the average price for the average house in Temecula is about $250k. So buying today might earn you a cool $100k loss before things settle.

TG example of his neighborhood was interesting. I spend a bit of time looking at Temecula/Murrieta and the neighborhoods I see have a few new buyers, but those are severely outnumbered by homes lingering in REO status, currently in pre-foreclosure and many that have simply fell off the records. Then add in the many who are living free each month (on a side note, this explains why you still see restaurants full, not paying a mortgage gives you lots of free money) and the banks are ignoring them.

Then consider any tract built 2003 or later will see everyone in the tract way under water. IMHO all of those houses will eventually foreclose (with the exception of the cash and very large DP purchases). Its only a matter of when the loans reset, when the owners capitulate or when the bank finally decides to take the house. Obama is not going to save anyone who is underwater by $200k and that describes everyone in the newer tracts. Lots of resets coming later this year and 2010.

Right now, today on RealtyTrac I see tons and tons of homes in almost all areas of the IE. In many areas you have to zoom in on a neighborhood in order to fit the 300 max foreclosures which are able to display at one time. I am sure there are small hoods like TG’s that have a different story but most are in for trouble for a long time to come.

I know of people who bought REOs 12 months ago in Temecula and they are conservatively underwater $80k today. Will we see a second wave of forclosures as well?

[Rt.66]

During GD1 the smart money lost the bulk of its fortunes during the second leg down. Where are we in the GD cycle?

FIRE economy is dead, on this we all agree? What is on the horizon to replace those jobs? The average household income in Temecula WAS around $50k, what is it now that unemployment is a rose colored glasses, 10%? The FIRE economy allowed people without degrees to make really good money.

Does anyone see some new high paying industry popping up in the next few years that will hire thousands and thousands and pay very well?

Three times incomes in Temecula is $150k. So historically the average house should be selling for $150k. I am sure the average income is down and dropping fast. Also, this is not an historical time when things should be selling for averages. In times like this things should sell for less than historical averages.

Where is Temecula now? Not many homes for $150k, and none that I would call an average Temecula home. IMO the average price for the average house in Temecula is about $250k. So buying today might earn you a cool $100k loss before things settle.

TG example of his neighborhood was interesting. I spend a bit of time looking at Temecula/Murrieta and the neighborhoods I see have a few new buyers, but those are severely outnumbered by homes lingering in REO status, currently in pre-foreclosure and many that have simply fell off the records. Then add in the many who are living free each month (on a side note, this explains why you still see restaurants full, not paying a mortgage gives you lots of free money) and the banks are ignoring them.

Then consider any tract built 2003 or later will see everyone in the tract way under water. IMHO all of those houses will eventually foreclose (with the exception of the cash and very large DP purchases). Its only a matter of when the loans reset, when the owners capitulate or when the bank finally decides to take the house. Obama is not going to save anyone who is underwater by $200k and that describes everyone in the newer tracts. Lots of resets coming later this year and 2010.

Right now, today on RealtyTrac I see tons and tons of homes in almost all areas of the IE. In many areas you have to zoom in on a neighborhood in order to fit the 300 max foreclosures which are able to display at one time. I am sure there are small hoods like TG’s that have a different story but most are in for trouble for a long time to come.

I know of people who bought REOs 12 months ago in Temecula and they are conservatively underwater $80k today. Will we see a second wave of forclosures as well?

[Rt.66]

During GD1 the smart money lost the bulk of its fortunes during the second leg down. Where are we in the GD cycle?

FIRE economy is dead, on this we all agree? What is on the horizon to replace those jobs? The average household income in Temecula WAS around $50k, what is it now that unemployment is a rose colored glasses, 10%? The FIRE economy allowed people without degrees to make really good money.

Does anyone see some new high paying industry popping up in the next few years that will hire thousands and thousands and pay very well?

Three times incomes in Temecula is $150k. So historically the average house should be selling for $150k. I am sure the average income is down and dropping fast. Also, this is not an historical time when things should be selling for averages. In times like this things should sell for less than historical averages.

Where is Temecula now? Not many homes for $150k, and none that I would call an average Temecula home. IMO the average price for the average house in Temecula is about $250k. So buying today might earn you a cool $100k loss before things settle.

TG example of his neighborhood was interesting. I spend a bit of time looking at Temecula/Murrieta and the neighborhoods I see have a few new buyers, but those are severely outnumbered by homes lingering in REO status, currently in pre-foreclosure and many that have simply fell off the records. Then add in the many who are living free each month (on a side note, this explains why you still see restaurants full, not paying a mortgage gives you lots of free money) and the banks are ignoring them.

Then consider any tract built 2003 or later will see everyone in the tract way under water. IMHO all of those houses will eventually foreclose (with the exception of the cash and very large DP purchases). Its only a matter of when the loans reset, when the owners capitulate or when the bank finally decides to take the house. Obama is not going to save anyone who is underwater by $200k and that describes everyone in the newer tracts. Lots of resets coming later this year and 2010.

Right now, today on RealtyTrac I see tons and tons of homes in almost all areas of the IE. In many areas you have to zoom in on a neighborhood in order to fit the 300 max foreclosures which are able to display at one time. I am sure there are small hoods like TG’s that have a different story but most are in for trouble for a long time to come.

I know of people who bought REOs 12 months ago in Temecula and they are conservatively underwater $80k today. Will we see a second wave of forclosures as well?

[Author]

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