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Rt.66
Participant“How is a stolen SSN a problem related to exclusively to illegal aliens????”
It’s not, and she did not insinuate that it was. This is a thread on illegal aliens right?
Her point is very relevant because they NEED to steal a SS# in order to move about as a citizen, so they do, and its a big problem.
Participant“How is a stolen SSN a problem related to exclusively to illegal aliens????”
It’s not, and she did not insinuate that it was. This is a thread on illegal aliens right?
Her point is very relevant because they NEED to steal a SS# in order to move about as a citizen, so they do, and its a big problem.
Participant“How is a stolen SSN a problem related to exclusively to illegal aliens????”
It’s not, and she did not insinuate that it was. This is a thread on illegal aliens right?
Her point is very relevant because they NEED to steal a SS# in order to move about as a citizen, so they do, and its a big problem.
Participant“How is a stolen SSN a problem related to exclusively to illegal aliens????”
It’s not, and she did not insinuate that it was. This is a thread on illegal aliens right?
Her point is very relevant because they NEED to steal a SS# in order to move about as a citizen, so they do, and its a big problem.
June 10, 2009 at 10:25 AM in reply to: Predictions on when it will become easier/cheaper to buy a house? #413145ParticipantFredo4 asked for predictions so out with the witchcraft or whatever you happen to rely on to make your “predictions”.
Fredo4 on this forum you will always get the same answers from the knifecatcher crowd. Which is that they got a smoking deal, the bottom is in, RealtyTrac and every other foreclosure service is just wrong, unemployment does not matter….basically desperate sounding attempts to twist every bit of horrible, horrible RE market realities to positive.
From your thread topic I can see that you are aware of coming foreclosures and market manipulation. Trust what you see and what common sense tells you. Yes they are only letting a trickle of REOs out onto the market and the inventory is piling up behind a dam that can’t hold forever.
Where we are now is we had a giant subprime meltdown and the banks are selling a few of those REOs but keeping more. Add to that the current and coming foreclosure waves and bleak turns uber-bleak.
They can’t sell all the REOs because they would reveal themselves insolvent (they still get to keep that $450k REO as a $450k asset on the books until they actually sell it for $200k, then they book the loss).
Prediction? I think we just need to wait for the RTC2 to finally reveal itself, take the REOs off the bank books and then it will be a fast and furious absolute auction like seen in RTC1, and then we will see some really good prices.
Until that happens lots of too eager folks will tell themselves anything to justify snatching the knife on its way down.
June 10, 2009 at 10:25 AM in reply to: Predictions on when it will become easier/cheaper to buy a house? #413378ParticipantFredo4 asked for predictions so out with the witchcraft or whatever you happen to rely on to make your “predictions”.
Fredo4 on this forum you will always get the same answers from the knifecatcher crowd. Which is that they got a smoking deal, the bottom is in, RealtyTrac and every other foreclosure service is just wrong, unemployment does not matter….basically desperate sounding attempts to twist every bit of horrible, horrible RE market realities to positive.
From your thread topic I can see that you are aware of coming foreclosures and market manipulation. Trust what you see and what common sense tells you. Yes they are only letting a trickle of REOs out onto the market and the inventory is piling up behind a dam that can’t hold forever.
Where we are now is we had a giant subprime meltdown and the banks are selling a few of those REOs but keeping more. Add to that the current and coming foreclosure waves and bleak turns uber-bleak.
They can’t sell all the REOs because they would reveal themselves insolvent (they still get to keep that $450k REO as a $450k asset on the books until they actually sell it for $200k, then they book the loss).
Prediction? I think we just need to wait for the RTC2 to finally reveal itself, take the REOs off the bank books and then it will be a fast and furious absolute auction like seen in RTC1, and then we will see some really good prices.
Until that happens lots of too eager folks will tell themselves anything to justify snatching the knife on its way down.
June 10, 2009 at 10:25 AM in reply to: Predictions on when it will become easier/cheaper to buy a house? #413624ParticipantFredo4 asked for predictions so out with the witchcraft or whatever you happen to rely on to make your “predictions”.
Fredo4 on this forum you will always get the same answers from the knifecatcher crowd. Which is that they got a smoking deal, the bottom is in, RealtyTrac and every other foreclosure service is just wrong, unemployment does not matter….basically desperate sounding attempts to twist every bit of horrible, horrible RE market realities to positive.
From your thread topic I can see that you are aware of coming foreclosures and market manipulation. Trust what you see and what common sense tells you. Yes they are only letting a trickle of REOs out onto the market and the inventory is piling up behind a dam that can’t hold forever.
Where we are now is we had a giant subprime meltdown and the banks are selling a few of those REOs but keeping more. Add to that the current and coming foreclosure waves and bleak turns uber-bleak.
They can’t sell all the REOs because they would reveal themselves insolvent (they still get to keep that $450k REO as a $450k asset on the books until they actually sell it for $200k, then they book the loss).
Prediction? I think we just need to wait for the RTC2 to finally reveal itself, take the REOs off the bank books and then it will be a fast and furious absolute auction like seen in RTC1, and then we will see some really good prices.
Until that happens lots of too eager folks will tell themselves anything to justify snatching the knife on its way down.
June 10, 2009 at 10:25 AM in reply to: Predictions on when it will become easier/cheaper to buy a house? #413693ParticipantFredo4 asked for predictions so out with the witchcraft or whatever you happen to rely on to make your “predictions”.
Fredo4 on this forum you will always get the same answers from the knifecatcher crowd. Which is that they got a smoking deal, the bottom is in, RealtyTrac and every other foreclosure service is just wrong, unemployment does not matter….basically desperate sounding attempts to twist every bit of horrible, horrible RE market realities to positive.
From your thread topic I can see that you are aware of coming foreclosures and market manipulation. Trust what you see and what common sense tells you. Yes they are only letting a trickle of REOs out onto the market and the inventory is piling up behind a dam that can’t hold forever.
Where we are now is we had a giant subprime meltdown and the banks are selling a few of those REOs but keeping more. Add to that the current and coming foreclosure waves and bleak turns uber-bleak.
They can’t sell all the REOs because they would reveal themselves insolvent (they still get to keep that $450k REO as a $450k asset on the books until they actually sell it for $200k, then they book the loss).
Prediction? I think we just need to wait for the RTC2 to finally reveal itself, take the REOs off the bank books and then it will be a fast and furious absolute auction like seen in RTC1, and then we will see some really good prices.
Until that happens lots of too eager folks will tell themselves anything to justify snatching the knife on its way down.
June 10, 2009 at 10:25 AM in reply to: Predictions on when it will become easier/cheaper to buy a house? #413845ParticipantFredo4 asked for predictions so out with the witchcraft or whatever you happen to rely on to make your “predictions”.
Fredo4 on this forum you will always get the same answers from the knifecatcher crowd. Which is that they got a smoking deal, the bottom is in, RealtyTrac and every other foreclosure service is just wrong, unemployment does not matter….basically desperate sounding attempts to twist every bit of horrible, horrible RE market realities to positive.
From your thread topic I can see that you are aware of coming foreclosures and market manipulation. Trust what you see and what common sense tells you. Yes they are only letting a trickle of REOs out onto the market and the inventory is piling up behind a dam that can’t hold forever.
Where we are now is we had a giant subprime meltdown and the banks are selling a few of those REOs but keeping more. Add to that the current and coming foreclosure waves and bleak turns uber-bleak.
They can’t sell all the REOs because they would reveal themselves insolvent (they still get to keep that $450k REO as a $450k asset on the books until they actually sell it for $200k, then they book the loss).
Prediction? I think we just need to wait for the RTC2 to finally reveal itself, take the REOs off the bank books and then it will be a fast and furious absolute auction like seen in RTC1, and then we will see some really good prices.
Until that happens lots of too eager folks will tell themselves anything to justify snatching the knife on its way down.
June 9, 2009 at 6:31 PM in reply to: Predictions on when it will become easier/cheaper to buy a house? #412956ParticipantNothing new in this bubble collapse, except its much, much bigger and the economy is much worse.
So follow what always happens and count on it being worse this time around.
You will always have the too eager fence sitters jumping in way early and chatting about how its the bottom (although EVERY indicator says, no way!). Right now the bankers are playing these “investors” like a Stratovarius. These people will find their 2008-2009 smoking REO deal very far underwater.
These folks will likely be out of money to bid up REOs by late fall, and the “investors” amongst them will be trying to flip by January 2010 and the long termers will be thinking jingle keys in 2011.
Then reality is setting in and people realize that, just like the other times, things are gonna go down, overshoot to the downside, and then sit at the bottom until something happens to spark things up again (which may never happen again in their lifetimes).
When people stop trying to downplay the biggest foreclosure disaster in history (x50) and let it and its ramifications sink in……
When people barf a bit in their mouths when RE investing is mentioned…. then we are getting somewhere.
June 9, 2009 at 6:31 PM in reply to: Predictions on when it will become easier/cheaper to buy a house? #413191ParticipantNothing new in this bubble collapse, except its much, much bigger and the economy is much worse.
So follow what always happens and count on it being worse this time around.
You will always have the too eager fence sitters jumping in way early and chatting about how its the bottom (although EVERY indicator says, no way!). Right now the bankers are playing these “investors” like a Stratovarius. These people will find their 2008-2009 smoking REO deal very far underwater.
These folks will likely be out of money to bid up REOs by late fall, and the “investors” amongst them will be trying to flip by January 2010 and the long termers will be thinking jingle keys in 2011.
Then reality is setting in and people realize that, just like the other times, things are gonna go down, overshoot to the downside, and then sit at the bottom until something happens to spark things up again (which may never happen again in their lifetimes).
When people stop trying to downplay the biggest foreclosure disaster in history (x50) and let it and its ramifications sink in……
When people barf a bit in their mouths when RE investing is mentioned…. then we are getting somewhere.
June 9, 2009 at 6:31 PM in reply to: Predictions on when it will become easier/cheaper to buy a house? #413435ParticipantNothing new in this bubble collapse, except its much, much bigger and the economy is much worse.
So follow what always happens and count on it being worse this time around.
You will always have the too eager fence sitters jumping in way early and chatting about how its the bottom (although EVERY indicator says, no way!). Right now the bankers are playing these “investors” like a Stratovarius. These people will find their 2008-2009 smoking REO deal very far underwater.
These folks will likely be out of money to bid up REOs by late fall, and the “investors” amongst them will be trying to flip by January 2010 and the long termers will be thinking jingle keys in 2011.
Then reality is setting in and people realize that, just like the other times, things are gonna go down, overshoot to the downside, and then sit at the bottom until something happens to spark things up again (which may never happen again in their lifetimes).
When people stop trying to downplay the biggest foreclosure disaster in history (x50) and let it and its ramifications sink in……
When people barf a bit in their mouths when RE investing is mentioned…. then we are getting somewhere.
June 9, 2009 at 6:31 PM in reply to: Predictions on when it will become easier/cheaper to buy a house? #413500ParticipantNothing new in this bubble collapse, except its much, much bigger and the economy is much worse.
So follow what always happens and count on it being worse this time around.
You will always have the too eager fence sitters jumping in way early and chatting about how its the bottom (although EVERY indicator says, no way!). Right now the bankers are playing these “investors” like a Stratovarius. These people will find their 2008-2009 smoking REO deal very far underwater.
These folks will likely be out of money to bid up REOs by late fall, and the “investors” amongst them will be trying to flip by January 2010 and the long termers will be thinking jingle keys in 2011.
Then reality is setting in and people realize that, just like the other times, things are gonna go down, overshoot to the downside, and then sit at the bottom until something happens to spark things up again (which may never happen again in their lifetimes).
When people stop trying to downplay the biggest foreclosure disaster in history (x50) and let it and its ramifications sink in……
When people barf a bit in their mouths when RE investing is mentioned…. then we are getting somewhere.
June 9, 2009 at 6:31 PM in reply to: Predictions on when it will become easier/cheaper to buy a house? #413651ParticipantNothing new in this bubble collapse, except its much, much bigger and the economy is much worse.
So follow what always happens and count on it being worse this time around.
You will always have the too eager fence sitters jumping in way early and chatting about how its the bottom (although EVERY indicator says, no way!). Right now the bankers are playing these “investors” like a Stratovarius. These people will find their 2008-2009 smoking REO deal very far underwater.
These folks will likely be out of money to bid up REOs by late fall, and the “investors” amongst them will be trying to flip by January 2010 and the long termers will be thinking jingle keys in 2011.
Then reality is setting in and people realize that, just like the other times, things are gonna go down, overshoot to the downside, and then sit at the bottom until something happens to spark things up again (which may never happen again in their lifetimes).
When people stop trying to downplay the biggest foreclosure disaster in history (x50) and let it and its ramifications sink in……
When people barf a bit in their mouths when RE investing is mentioned…. then we are getting somewhere.
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