[SD Realtor]

This is a good map. I am still contending that desireable areas with good school districts and a substantial poipulation of homeowners with high equity stakes will not be hit as hard as other areas. I am not sure that I ever read that any posters said that any areas were immune to drops at all.

Also looking at the map, I see a high concentration of properties in UTC. I also see another small concentration at Sea Haus. I would be more then happy to analyze the locations and housing types of the other marks on the map if you like.

I am not saying homes are not going to foreclose in La Jolla, please do not get me wrong. There will be more, and it will go down. Also I heading to Mission Hills, one of the areas you mentioned in about an hour to explain to a frustrated homeowner why her little 2/1 cottage will not sell for 800 a sq ft.

I am just trying to provide a more introspective analysis of the data you provided.

SD Realtor

[SD Realtor]

This is a good map. I am still contending that desireable areas with good school districts and a substantial poipulation of homeowners with high equity stakes will not be hit as hard as other areas. I am not sure that I ever read that any posters said that any areas were immune to drops at all.

Also looking at the map, I see a high concentration of properties in UTC. I also see another small concentration at Sea Haus. I would be more then happy to analyze the locations and housing types of the other marks on the map if you like.

I am not saying homes are not going to foreclose in La Jolla, please do not get me wrong. There will be more, and it will go down. Also I heading to Mission Hills, one of the areas you mentioned in about an hour to explain to a frustrated homeowner why her little 2/1 cottage will not sell for 800 a sq ft.

I am just trying to provide a more introspective analysis of the data you provided.

SD Realtor

[SD Realtor]

The agent should absolutely volunteer to give you that information. It is readily available on the MLS. Simply ask the agent or better yet ask the agents broker for this information. Similarly you should check references as well.

SD Realtor

[SD Realtor]

The agent should absolutely volunteer to give you that information. It is readily available on the MLS. Simply ask the agent or better yet ask the agents broker for this information. Similarly you should check references as well.

SD Realtor

[SD Realtor]

The agent should absolutely volunteer to give you that information. It is readily available on the MLS. Simply ask the agent or better yet ask the agents broker for this information. Similarly you should check references as well.

SD Realtor

[SD Realtor]

Gotcha… I am on the fence on the issue. I am not sure I agree with Chris but I think he has keen insights into the financial world by nature of his profession and he is quite level headed, thus I believe his points were valid as I said.

I think that some of the contrarian views are important to the board overall. Whether I agree or disagree with them is not relevant.

Your analysis of the systemic risk factors at hand leads you to conclusions that are every bit as valid. I think the main thing that troubles me and makes me agree with you is that there is just this HUGE volume of resets remaining. It really is amazing that it is not the main topic of all the media stories we read. On the other hand I am getting concerned about these liquidity injections that seem to do nothing but mask the real issue at hand but yet pacify the market. Couple that with an election year next year and who knows…. I don’t know… it is scary and I absolutely agree there are fundamental systemic issues that I just don’t see a way out of… (which of course would portend a big stock market rally eh?)

SD Realtor

[SD Realtor]

Gotcha… I am on the fence on the issue. I am not sure I agree with Chris but I think he has keen insights into the financial world by nature of his profession and he is quite level headed, thus I believe his points were valid as I said.

I think that some of the contrarian views are important to the board overall. Whether I agree or disagree with them is not relevant.

Your analysis of the systemic risk factors at hand leads you to conclusions that are every bit as valid. I think the main thing that troubles me and makes me agree with you is that there is just this HUGE volume of resets remaining. It really is amazing that it is not the main topic of all the media stories we read. On the other hand I am getting concerned about these liquidity injections that seem to do nothing but mask the real issue at hand but yet pacify the market. Couple that with an election year next year and who knows…. I don’t know… it is scary and I absolutely agree there are fundamental systemic issues that I just don’t see a way out of… (which of course would portend a big stock market rally eh?)

SD Realtor

[SD Realtor]

Gotcha… I am on the fence on the issue. I am not sure I agree with Chris but I think he has keen insights into the financial world by nature of his profession and he is quite level headed, thus I believe his points were valid as I said.

I think that some of the contrarian views are important to the board overall. Whether I agree or disagree with them is not relevant.

Your analysis of the systemic risk factors at hand leads you to conclusions that are every bit as valid. I think the main thing that troubles me and makes me agree with you is that there is just this HUGE volume of resets remaining. It really is amazing that it is not the main topic of all the media stories we read. On the other hand I am getting concerned about these liquidity injections that seem to do nothing but mask the real issue at hand but yet pacify the market. Couple that with an election year next year and who knows…. I don’t know… it is scary and I absolutely agree there are fundamental systemic issues that I just don’t see a way out of… (which of course would portend a big stock market rally eh?)

SD Realtor

[SD Realtor]

Hi JWM…

I really cannot… I highly believe that real estate and financing should be 100% sperate. I think there is a huge conflict of interest and real estate brokers doing loans is as bad as mortgage brokers doing real estate.

So I get alot of different stories from the mortgage brokers and lenders alike when I chat with them regarding the rates and climate. Unfortunately I only do real estate so I cannot comment on the validity of the postings on the Countrywide rates moving up.. Also I don’t have any daily updates…sorry if I am weenie-ing out on you.

My opinion is that the rate sensitivity to the individual strength of the buyer will be greater then it has ever been. Also we need another few weeks to let the pre secondary market loan approvals get through the system so that we can see what the new baseline looks like.

Also I think Chris S had a very valid post that there has been an overreaction to the crisis and that indeed it will calm down. I think this makes sense… but I have this queasy feeling that if the 10 year moves then they will not go down… also more queasiness that if there are more reports of hedge fund failings and secondary market problems that we will see more knee jerk reactions…in short it is to volatile right now for me to project.

I know your question is really intended to validate the current conditions or shall I say the lending conditions and rates as we move forward. I think that major changes are here to stay. Bubblehype may indeed have snuck in under the wire and some lenders may indeed continue to offer some good programs for well qualified buyers. Remember we are still 50 basis points below the June figures for the 10 year. I have a 2 buyers right now that are motivated and another smattering of buyers that are very selective and taking their time. The 2 that are motivated, one is cash and the other is not so the one that is not, once they get closer to finding something they like, I will coordinate closer with their mortgage broker to see what the rate is that they will be getting and keep you abreast.

One thing that would be super cool is a rate monitor where the PAR values of a few different loan programs were posted by a mortgage lending professional… PB or HLM?

[SD Realtor]

Hi JWM…

I really cannot… I highly believe that real estate and financing should be 100% sperate. I think there is a huge conflict of interest and real estate brokers doing loans is as bad as mortgage brokers doing real estate.

So I get alot of different stories from the mortgage brokers and lenders alike when I chat with them regarding the rates and climate. Unfortunately I only do real estate so I cannot comment on the validity of the postings on the Countrywide rates moving up.. Also I don’t have any daily updates…sorry if I am weenie-ing out on you.

My opinion is that the rate sensitivity to the individual strength of the buyer will be greater then it has ever been. Also we need another few weeks to let the pre secondary market loan approvals get through the system so that we can see what the new baseline looks like.

Also I think Chris S had a very valid post that there has been an overreaction to the crisis and that indeed it will calm down. I think this makes sense… but I have this queasy feeling that if the 10 year moves then they will not go down… also more queasiness that if there are more reports of hedge fund failings and secondary market problems that we will see more knee jerk reactions…in short it is to volatile right now for me to project.

I know your question is really intended to validate the current conditions or shall I say the lending conditions and rates as we move forward. I think that major changes are here to stay. Bubblehype may indeed have snuck in under the wire and some lenders may indeed continue to offer some good programs for well qualified buyers. Remember we are still 50 basis points below the June figures for the 10 year. I have a 2 buyers right now that are motivated and another smattering of buyers that are very selective and taking their time. The 2 that are motivated, one is cash and the other is not so the one that is not, once they get closer to finding something they like, I will coordinate closer with their mortgage broker to see what the rate is that they will be getting and keep you abreast.

One thing that would be super cool is a rate monitor where the PAR values of a few different loan programs were posted by a mortgage lending professional… PB or HLM?

[SD Realtor]

Hi JWM…

I really cannot… I highly believe that real estate and financing should be 100% sperate. I think there is a huge conflict of interest and real estate brokers doing loans is as bad as mortgage brokers doing real estate.

So I get alot of different stories from the mortgage brokers and lenders alike when I chat with them regarding the rates and climate. Unfortunately I only do real estate so I cannot comment on the validity of the postings on the Countrywide rates moving up.. Also I don’t have any daily updates…sorry if I am weenie-ing out on you.

My opinion is that the rate sensitivity to the individual strength of the buyer will be greater then it has ever been. Also we need another few weeks to let the pre secondary market loan approvals get through the system so that we can see what the new baseline looks like.

Also I think Chris S had a very valid post that there has been an overreaction to the crisis and that indeed it will calm down. I think this makes sense… but I have this queasy feeling that if the 10 year moves then they will not go down… also more queasiness that if there are more reports of hedge fund failings and secondary market problems that we will see more knee jerk reactions…in short it is to volatile right now for me to project.

I know your question is really intended to validate the current conditions or shall I say the lending conditions and rates as we move forward. I think that major changes are here to stay. Bubblehype may indeed have snuck in under the wire and some lenders may indeed continue to offer some good programs for well qualified buyers. Remember we are still 50 basis points below the June figures for the 10 year. I have a 2 buyers right now that are motivated and another smattering of buyers that are very selective and taking their time. The 2 that are motivated, one is cash and the other is not so the one that is not, once they get closer to finding something they like, I will coordinate closer with their mortgage broker to see what the rate is that they will be getting and keep you abreast.

One thing that would be super cool is a rate monitor where the PAR values of a few different loan programs were posted by a mortgage lending professional… PB or HLM?

[SD Realtor]

CBad –

An enormous lot that is only a mile from the beach and 3 years away from being owned free and clear….

If you sell that thing I am gonna ask Rustico and sdr to find you and kick your butt to Jamul…

I would hold on to that sucker forever if you can afford to…unless your sale means you get closer to the beach… then okay maybe…

SD Realtor

[SD Realtor]

CBad –

An enormous lot that is only a mile from the beach and 3 years away from being owned free and clear….

If you sell that thing I am gonna ask Rustico and sdr to find you and kick your butt to Jamul…

I would hold on to that sucker forever if you can afford to…unless your sale means you get closer to the beach… then okay maybe…

SD Realtor

[SD Realtor]

CBad –

An enormous lot that is only a mile from the beach and 3 years away from being owned free and clear….

If you sell that thing I am gonna ask Rustico and sdr to find you and kick your butt to Jamul…

I would hold on to that sucker forever if you can afford to…unless your sale means you get closer to the beach… then okay maybe…

SD Realtor

[SD Realtor]

Hi Trex –

Go ahead and put me down for 20-30 in some neighborhoods and 35-50 in others.

SD Realtor (not sdr as he has not posted on this yet)

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