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SD Realtor
ParticipantAnalyst I think alot of us would agree 100% with your assessment. Everything is quite surreal and in fact the more intervention there is, the harder it is to make an assessment of the current market, and the longer term outlook a few years down the road because one has to account for a greater period of unwinding.
It is tough and I am not sure what to believe anymore. My analysis now is very much confined to very very short term goals. I feel that the forces pushing down on the market are very strong. These are strong default numbers, heavy demographic problems and other natural forces. Similarly the forces that are reinflating are quite strong as well and should NEVER be underestimated as we have all seen.
Nonetheless I still believe it will be our creditors that will force our hands and then things will adjust more naturally, albeit in a higher interest rate environment.
ParticipantAnalyst I think alot of us would agree 100% with your assessment. Everything is quite surreal and in fact the more intervention there is, the harder it is to make an assessment of the current market, and the longer term outlook a few years down the road because one has to account for a greater period of unwinding.
It is tough and I am not sure what to believe anymore. My analysis now is very much confined to very very short term goals. I feel that the forces pushing down on the market are very strong. These are strong default numbers, heavy demographic problems and other natural forces. Similarly the forces that are reinflating are quite strong as well and should NEVER be underestimated as we have all seen.
Nonetheless I still believe it will be our creditors that will force our hands and then things will adjust more naturally, albeit in a higher interest rate environment.
ParticipantAnalyst I think alot of us would agree 100% with your assessment. Everything is quite surreal and in fact the more intervention there is, the harder it is to make an assessment of the current market, and the longer term outlook a few years down the road because one has to account for a greater period of unwinding.
It is tough and I am not sure what to believe anymore. My analysis now is very much confined to very very short term goals. I feel that the forces pushing down on the market are very strong. These are strong default numbers, heavy demographic problems and other natural forces. Similarly the forces that are reinflating are quite strong as well and should NEVER be underestimated as we have all seen.
Nonetheless I still believe it will be our creditors that will force our hands and then things will adjust more naturally, albeit in a higher interest rate environment.
Participantsdr a few weeks back I posted about a lead I had a few months ago for a short sale listing. I went to the appt and met with the guy but never heard back. I called the guy several weeks ago to see how things went and he told me he had an attorney work with the lender and indeed he also claimed to have gotten a loan mod down to the current appraised value. By my numbers that would have had to been about 170k in reduction. I also noted no recording on the realist tax roll. Whether the guy was BSing me or not I do not know but I do know he has not listed the home for sale, nor is he in default.
By the same token we just picked up another place at auction and that HO had ponied up 3K to Pacific Law Centers to mod the loan and well… you see how that turned out.
Like everything else it depends on the quality of the attorney I guess.
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Analyst you wrote alot of what we already know and have posted. Of course all bets are off, until the govt returns to fiscal discipline and no it is not an indefinite shell game. Come on though, do you honestly see our govt doing that on its own? Now we may be forced to face the music by our creditors but left to our own devices, no I don’t see it getting done. I see plenty of bailout gas left in the tank and I am fairly confident we will see more “stimulus” on the heels of the currently expiring stimulus package.
After all we still have a health care package, a cap and trade, and lets not forget immigration reform to pass through to become law. I do firmly believe that tape and wire that holds things together will stay in place via the goop of more stimulus until these measures are made law…
After that???? heheheheheh… perhaps open the floodgates?
Participantsdr a few weeks back I posted about a lead I had a few months ago for a short sale listing. I went to the appt and met with the guy but never heard back. I called the guy several weeks ago to see how things went and he told me he had an attorney work with the lender and indeed he also claimed to have gotten a loan mod down to the current appraised value. By my numbers that would have had to been about 170k in reduction. I also noted no recording on the realist tax roll. Whether the guy was BSing me or not I do not know but I do know he has not listed the home for sale, nor is he in default.
By the same token we just picked up another place at auction and that HO had ponied up 3K to Pacific Law Centers to mod the loan and well… you see how that turned out.
Like everything else it depends on the quality of the attorney I guess.
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Analyst you wrote alot of what we already know and have posted. Of course all bets are off, until the govt returns to fiscal discipline and no it is not an indefinite shell game. Come on though, do you honestly see our govt doing that on its own? Now we may be forced to face the music by our creditors but left to our own devices, no I don’t see it getting done. I see plenty of bailout gas left in the tank and I am fairly confident we will see more “stimulus” on the heels of the currently expiring stimulus package.
After all we still have a health care package, a cap and trade, and lets not forget immigration reform to pass through to become law. I do firmly believe that tape and wire that holds things together will stay in place via the goop of more stimulus until these measures are made law…
After that???? heheheheheh… perhaps open the floodgates?
Participantsdr a few weeks back I posted about a lead I had a few months ago for a short sale listing. I went to the appt and met with the guy but never heard back. I called the guy several weeks ago to see how things went and he told me he had an attorney work with the lender and indeed he also claimed to have gotten a loan mod down to the current appraised value. By my numbers that would have had to been about 170k in reduction. I also noted no recording on the realist tax roll. Whether the guy was BSing me or not I do not know but I do know he has not listed the home for sale, nor is he in default.
By the same token we just picked up another place at auction and that HO had ponied up 3K to Pacific Law Centers to mod the loan and well… you see how that turned out.
Like everything else it depends on the quality of the attorney I guess.
***************
Analyst you wrote alot of what we already know and have posted. Of course all bets are off, until the govt returns to fiscal discipline and no it is not an indefinite shell game. Come on though, do you honestly see our govt doing that on its own? Now we may be forced to face the music by our creditors but left to our own devices, no I don’t see it getting done. I see plenty of bailout gas left in the tank and I am fairly confident we will see more “stimulus” on the heels of the currently expiring stimulus package.
After all we still have a health care package, a cap and trade, and lets not forget immigration reform to pass through to become law. I do firmly believe that tape and wire that holds things together will stay in place via the goop of more stimulus until these measures are made law…
After that???? heheheheheh… perhaps open the floodgates?
Participantsdr a few weeks back I posted about a lead I had a few months ago for a short sale listing. I went to the appt and met with the guy but never heard back. I called the guy several weeks ago to see how things went and he told me he had an attorney work with the lender and indeed he also claimed to have gotten a loan mod down to the current appraised value. By my numbers that would have had to been about 170k in reduction. I also noted no recording on the realist tax roll. Whether the guy was BSing me or not I do not know but I do know he has not listed the home for sale, nor is he in default.
By the same token we just picked up another place at auction and that HO had ponied up 3K to Pacific Law Centers to mod the loan and well… you see how that turned out.
Like everything else it depends on the quality of the attorney I guess.
***************
Analyst you wrote alot of what we already know and have posted. Of course all bets are off, until the govt returns to fiscal discipline and no it is not an indefinite shell game. Come on though, do you honestly see our govt doing that on its own? Now we may be forced to face the music by our creditors but left to our own devices, no I don’t see it getting done. I see plenty of bailout gas left in the tank and I am fairly confident we will see more “stimulus” on the heels of the currently expiring stimulus package.
After all we still have a health care package, a cap and trade, and lets not forget immigration reform to pass through to become law. I do firmly believe that tape and wire that holds things together will stay in place via the goop of more stimulus until these measures are made law…
After that???? heheheheheh… perhaps open the floodgates?
Participantsdr a few weeks back I posted about a lead I had a few months ago for a short sale listing. I went to the appt and met with the guy but never heard back. I called the guy several weeks ago to see how things went and he told me he had an attorney work with the lender and indeed he also claimed to have gotten a loan mod down to the current appraised value. By my numbers that would have had to been about 170k in reduction. I also noted no recording on the realist tax roll. Whether the guy was BSing me or not I do not know but I do know he has not listed the home for sale, nor is he in default.
By the same token we just picked up another place at auction and that HO had ponied up 3K to Pacific Law Centers to mod the loan and well… you see how that turned out.
Like everything else it depends on the quality of the attorney I guess.
***************
Analyst you wrote alot of what we already know and have posted. Of course all bets are off, until the govt returns to fiscal discipline and no it is not an indefinite shell game. Come on though, do you honestly see our govt doing that on its own? Now we may be forced to face the music by our creditors but left to our own devices, no I don’t see it getting done. I see plenty of bailout gas left in the tank and I am fairly confident we will see more “stimulus” on the heels of the currently expiring stimulus package.
After all we still have a health care package, a cap and trade, and lets not forget immigration reform to pass through to become law. I do firmly believe that tape and wire that holds things together will stay in place via the goop of more stimulus until these measures are made law…
After that???? heheheheheh… perhaps open the floodgates?
Participantsdr – the loan mods I have seen were not recorded as well.
cardiff – Maybe eventually they do get recorded but it would not matter as they do NOT, nor WILL THEY EVER get used as comps.
tg – When FSD used the term zealots in his previous posting in this thread that officially put him in the pullitzer category.
Participantsdr – the loan mods I have seen were not recorded as well.
cardiff – Maybe eventually they do get recorded but it would not matter as they do NOT, nor WILL THEY EVER get used as comps.
tg – When FSD used the term zealots in his previous posting in this thread that officially put him in the pullitzer category.
Participantsdr – the loan mods I have seen were not recorded as well.
cardiff – Maybe eventually they do get recorded but it would not matter as they do NOT, nor WILL THEY EVER get used as comps.
tg – When FSD used the term zealots in his previous posting in this thread that officially put him in the pullitzer category.
Participantsdr – the loan mods I have seen were not recorded as well.
cardiff – Maybe eventually they do get recorded but it would not matter as they do NOT, nor WILL THEY EVER get used as comps.
tg – When FSD used the term zealots in his previous posting in this thread that officially put him in the pullitzer category.
Participantsdr – the loan mods I have seen were not recorded as well.
cardiff – Maybe eventually they do get recorded but it would not matter as they do NOT, nor WILL THEY EVER get used as comps.
tg – When FSD used the term zealots in his previous posting in this thread that officially put him in the pullitzer category.
ParticipantLook it is a losing cause. If “chaos” reigns you are right. If chaos doesn’t reign you are right because chaos will rein.
Tell you what, you go ahead and shut down your 401k, like you urged everyone to do back in your original post, and convert all your cash to precious metals. In the meantime find any and every link you can calling for imminent collapse, and hide in the bunker every night watching and waiting. I will go on taking my kids to the park, not convert every asset to gold, continue to take advantage of what I see are strong opportunities to make money, and pretty much enjoy my life as best I can. Yes I am wary and concerned but honestly I think one can balance that concern with levity.
Perhaps getting so obsessed with something may cause you to miss out on other things. You see what I am saying.
What you really need to think about is not what happens if you are wrong, but what happens if you are right. Once upon a time a president ordered that all private citizens holding gold needed to surrender it. Don’t think that that cannot happen again.
Anyways yes either things will turn to shit and we will all be screwed royally or things will turn to shit and we will all be screwed marginally. However those that will really survive are those who are in the power seats right now.
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As far as the USA goes with respect to things like humanitarian aid and things like that. If you think the world will be a better place without any country doing it then so be it. I do not. What we do agree on is if the US doesn’t do it, nobody will. Yes hold off your post on how all of our aid is tied to our long range imperialistic plans to take over the world. Some of it is not. Generally we are pretty much on the scene when there are calamities, natural disasters, and things like that. No we are not the *load*. The food we bring, the medical aid we give is not a mirage. Groups like the peace corp, and other like minded groups do indeed provide real help and assistance.
I know Judeo/Christian religions believe helping out less fortunate fellow men is a very high priorities. I don’t know about eastern religions or muslim but it would surprise me if they didn’t. So yeah I guess we differ on the importance of helping others out.
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