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Rt.66
ParticipantSubmitted by paramount on February 14, 2009 – 12:23am.
I said about 1/2 – and I am considering selling costs in that estimate.
I bought for 270k.
At best I could sell now for about 170k, then subtract selling costs/commission etc..that puts it at about 155k.
So roughly 43% loss.
• reply
• quoteSubmitted by paramount on February 14, 2009 – 12:27am.
Before it’s all over, I believe my house will drop to about 120k.On the other hand, I live in a very modest 1500 sq ft 3/2 house – even the renters in my neighborhood who were foreclosed on don’t want to live in my hood.”
Scarlet said:
Denile ain’t just a river in Egypt is it?
No offense but some reality is called for. Unless your toilets are gold plated you’d have to find a sucker who can’t search listings in order to get even $120K NOW.
1/2 of Temecula is in some stage of forclosure, lots of the rest will follow soon. Check out RealtyTrac and you’ll see what I mean. Be careful, your head might just explode.
There will be a day or month of recogning when the banks finally put all those REOs up for sale. Maybe not until Obama buys them all with our tax dollars, but someday they will be for sale and when that happens Temecula will find its true value.
People buying in the Temecula area today (thinking they got a smoking 50% off deal) will be organizing class action law suits next year against Realtors, the MLS and REO banks for hiding all that inventory and creating artificially high prices (yes even now).
Temecula goes up 175% during the bubble and people get excited about a 50%-60% reduction? During the start of the Great Recession even?
ParticipantSubmitted by paramount on February 14, 2009 – 12:23am.
I said about 1/2 – and I am considering selling costs in that estimate.
I bought for 270k.
At best I could sell now for about 170k, then subtract selling costs/commission etc..that puts it at about 155k.
So roughly 43% loss.
• reply
• quoteSubmitted by paramount on February 14, 2009 – 12:27am.
Before it’s all over, I believe my house will drop to about 120k.On the other hand, I live in a very modest 1500 sq ft 3/2 house – even the renters in my neighborhood who were foreclosed on don’t want to live in my hood.”
Scarlet said:
Denile ain’t just a river in Egypt is it?
No offense but some reality is called for. Unless your toilets are gold plated you’d have to find a sucker who can’t search listings in order to get even $120K NOW.
1/2 of Temecula is in some stage of forclosure, lots of the rest will follow soon. Check out RealtyTrac and you’ll see what I mean. Be careful, your head might just explode.
There will be a day or month of recogning when the banks finally put all those REOs up for sale. Maybe not until Obama buys them all with our tax dollars, but someday they will be for sale and when that happens Temecula will find its true value.
People buying in the Temecula area today (thinking they got a smoking 50% off deal) will be organizing class action law suits next year against Realtors, the MLS and REO banks for hiding all that inventory and creating artificially high prices (yes even now).
Temecula goes up 175% during the bubble and people get excited about a 50%-60% reduction? During the start of the Great Recession even?
ParticipantSubmitted by paramount on February 14, 2009 – 12:23am.
I said about 1/2 – and I am considering selling costs in that estimate.
I bought for 270k.
At best I could sell now for about 170k, then subtract selling costs/commission etc..that puts it at about 155k.
So roughly 43% loss.
• reply
• quoteSubmitted by paramount on February 14, 2009 – 12:27am.
Before it’s all over, I believe my house will drop to about 120k.On the other hand, I live in a very modest 1500 sq ft 3/2 house – even the renters in my neighborhood who were foreclosed on don’t want to live in my hood.”
Scarlet said:
Denile ain’t just a river in Egypt is it?
No offense but some reality is called for. Unless your toilets are gold plated you’d have to find a sucker who can’t search listings in order to get even $120K NOW.
1/2 of Temecula is in some stage of forclosure, lots of the rest will follow soon. Check out RealtyTrac and you’ll see what I mean. Be careful, your head might just explode.
There will be a day or month of recogning when the banks finally put all those REOs up for sale. Maybe not until Obama buys them all with our tax dollars, but someday they will be for sale and when that happens Temecula will find its true value.
People buying in the Temecula area today (thinking they got a smoking 50% off deal) will be organizing class action law suits next year against Realtors, the MLS and REO banks for hiding all that inventory and creating artificially high prices (yes even now).
Temecula goes up 175% during the bubble and people get excited about a 50%-60% reduction? During the start of the Great Recession even?
ParticipantSubmitted by paramount on February 14, 2009 – 12:23am.
I said about 1/2 – and I am considering selling costs in that estimate.
I bought for 270k.
At best I could sell now for about 170k, then subtract selling costs/commission etc..that puts it at about 155k.
So roughly 43% loss.
• reply
• quoteSubmitted by paramount on February 14, 2009 – 12:27am.
Before it’s all over, I believe my house will drop to about 120k.On the other hand, I live in a very modest 1500 sq ft 3/2 house – even the renters in my neighborhood who were foreclosed on don’t want to live in my hood.”
Scarlet said:
Denile ain’t just a river in Egypt is it?
No offense but some reality is called for. Unless your toilets are gold plated you’d have to find a sucker who can’t search listings in order to get even $120K NOW.
1/2 of Temecula is in some stage of forclosure, lots of the rest will follow soon. Check out RealtyTrac and you’ll see what I mean. Be careful, your head might just explode.
There will be a day or month of recogning when the banks finally put all those REOs up for sale. Maybe not until Obama buys them all with our tax dollars, but someday they will be for sale and when that happens Temecula will find its true value.
People buying in the Temecula area today (thinking they got a smoking 50% off deal) will be organizing class action law suits next year against Realtors, the MLS and REO banks for hiding all that inventory and creating artificially high prices (yes even now).
Temecula goes up 175% during the bubble and people get excited about a 50%-60% reduction? During the start of the Great Recession even?
ParticipantThe thing that really struck me about this show (and no one has mentioned it yet) is the houses these people we were expected to feel sorry for are living in.
Didn’t anyone else notice??????
Lower income people living in very large, very new, very fancy 3 car garage stucco palaces.
If I lived in Normalville USA I’d be so super pissed that there is even any consideration to “saving” these people’s mini-mansions.
Hey middle America you get to fund our fancy lifestyles and you get to be taxed to death to pay for my stucco-palace Weeeeeeeeeeeeeeee! Thanks Obama!
ParticipantThe thing that really struck me about this show (and no one has mentioned it yet) is the houses these people we were expected to feel sorry for are living in.
Didn’t anyone else notice??????
Lower income people living in very large, very new, very fancy 3 car garage stucco palaces.
If I lived in Normalville USA I’d be so super pissed that there is even any consideration to “saving” these people’s mini-mansions.
Hey middle America you get to fund our fancy lifestyles and you get to be taxed to death to pay for my stucco-palace Weeeeeeeeeeeeeeee! Thanks Obama!
ParticipantThe thing that really struck me about this show (and no one has mentioned it yet) is the houses these people we were expected to feel sorry for are living in.
Didn’t anyone else notice??????
Lower income people living in very large, very new, very fancy 3 car garage stucco palaces.
If I lived in Normalville USA I’d be so super pissed that there is even any consideration to “saving” these people’s mini-mansions.
Hey middle America you get to fund our fancy lifestyles and you get to be taxed to death to pay for my stucco-palace Weeeeeeeeeeeeeeee! Thanks Obama!
ParticipantThe thing that really struck me about this show (and no one has mentioned it yet) is the houses these people we were expected to feel sorry for are living in.
Didn’t anyone else notice??????
Lower income people living in very large, very new, very fancy 3 car garage stucco palaces.
If I lived in Normalville USA I’d be so super pissed that there is even any consideration to “saving” these people’s mini-mansions.
Hey middle America you get to fund our fancy lifestyles and you get to be taxed to death to pay for my stucco-palace Weeeeeeeeeeeeeeee! Thanks Obama!
ParticipantThe thing that really struck me about this show (and no one has mentioned it yet) is the houses these people we were expected to feel sorry for are living in.
Didn’t anyone else notice??????
Lower income people living in very large, very new, very fancy 3 car garage stucco palaces.
If I lived in Normalville USA I’d be so super pissed that there is even any consideration to “saving” these people’s mini-mansions.
Hey middle America you get to fund our fancy lifestyles and you get to be taxed to death to pay for my stucco-palace Weeeeeeeeeeeeeeee! Thanks Obama!
ParticipantBrian wrote:
“…too many retiring baby boomers with pensions.”
—————-LOL!! Wow, do you read the news? Who’s gonna have a pension or retirement or job when this is all over with? Then who will pay $400k for that musty smelling 50 year old house in San Diego? an additional 45% is in the bag (see Japan for proof)
Great post macromaniac! I love it too, and can’t agree more. They can stimulate all they want but they can’t make us spend/waste. We already have all the Chinese crap we will need for a lifetime.
This country feels like the Matrix and the consumer is wired into Wall Street, Washington and the Govenator’s generators.
Its freaking infuriating to hear Obama over and over and over talking about getting credit flowing to main street. BS! What about higher wages so we don’t need to borrow and feed the banker machine?
Gee, what’s wrong with $50k houses so we can maybe own a home in the real sense and not just rent from banks forever?
This Government can take its spending stimulus and credit crack and shove it!!
ParticipantBrian wrote:
“…too many retiring baby boomers with pensions.”
—————-LOL!! Wow, do you read the news? Who’s gonna have a pension or retirement or job when this is all over with? Then who will pay $400k for that musty smelling 50 year old house in San Diego? an additional 45% is in the bag (see Japan for proof)
Great post macromaniac! I love it too, and can’t agree more. They can stimulate all they want but they can’t make us spend/waste. We already have all the Chinese crap we will need for a lifetime.
This country feels like the Matrix and the consumer is wired into Wall Street, Washington and the Govenator’s generators.
Its freaking infuriating to hear Obama over and over and over talking about getting credit flowing to main street. BS! What about higher wages so we don’t need to borrow and feed the banker machine?
Gee, what’s wrong with $50k houses so we can maybe own a home in the real sense and not just rent from banks forever?
This Government can take its spending stimulus and credit crack and shove it!!
ParticipantBrian wrote:
“…too many retiring baby boomers with pensions.”
—————-LOL!! Wow, do you read the news? Who’s gonna have a pension or retirement or job when this is all over with? Then who will pay $400k for that musty smelling 50 year old house in San Diego? an additional 45% is in the bag (see Japan for proof)
Great post macromaniac! I love it too, and can’t agree more. They can stimulate all they want but they can’t make us spend/waste. We already have all the Chinese crap we will need for a lifetime.
This country feels like the Matrix and the consumer is wired into Wall Street, Washington and the Govenator’s generators.
Its freaking infuriating to hear Obama over and over and over talking about getting credit flowing to main street. BS! What about higher wages so we don’t need to borrow and feed the banker machine?
Gee, what’s wrong with $50k houses so we can maybe own a home in the real sense and not just rent from banks forever?
This Government can take its spending stimulus and credit crack and shove it!!
ParticipantBrian wrote:
“…too many retiring baby boomers with pensions.”
—————-LOL!! Wow, do you read the news? Who’s gonna have a pension or retirement or job when this is all over with? Then who will pay $400k for that musty smelling 50 year old house in San Diego? an additional 45% is in the bag (see Japan for proof)
Great post macromaniac! I love it too, and can’t agree more. They can stimulate all they want but they can’t make us spend/waste. We already have all the Chinese crap we will need for a lifetime.
This country feels like the Matrix and the consumer is wired into Wall Street, Washington and the Govenator’s generators.
Its freaking infuriating to hear Obama over and over and over talking about getting credit flowing to main street. BS! What about higher wages so we don’t need to borrow and feed the banker machine?
Gee, what’s wrong with $50k houses so we can maybe own a home in the real sense and not just rent from banks forever?
This Government can take its spending stimulus and credit crack and shove it!!
ParticipantBrian wrote:
“…too many retiring baby boomers with pensions.”
—————-LOL!! Wow, do you read the news? Who’s gonna have a pension or retirement or job when this is all over with? Then who will pay $400k for that musty smelling 50 year old house in San Diego? an additional 45% is in the bag (see Japan for proof)
Great post macromaniac! I love it too, and can’t agree more. They can stimulate all they want but they can’t make us spend/waste. We already have all the Chinese crap we will need for a lifetime.
This country feels like the Matrix and the consumer is wired into Wall Street, Washington and the Govenator’s generators.
Its freaking infuriating to hear Obama over and over and over talking about getting credit flowing to main street. BS! What about higher wages so we don’t need to borrow and feed the banker machine?
Gee, what’s wrong with $50k houses so we can maybe own a home in the real sense and not just rent from banks forever?
This Government can take its spending stimulus and credit crack and shove it!!
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