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SD Transplant
ParticipantBumping this back up to see the changes from last year 07 to this year 08.
For the past 3 years, in my particular case, I have received smaller percentages.
This year is 3.16%
We’re passed the stage of not counting real inflation…..which is at least double my raise. In conclusion, one delusional 1st time buyer 🙂
P.S. I guess I should be thankfull for a “JOB”…as the economy is getting worse. I’ve lost most my co-workers this year (in SD).
ParticipantBumping this back up to see the changes from last year 07 to this year 08.
For the past 3 years, in my particular case, I have received smaller percentages.
This year is 3.16%
We’re passed the stage of not counting real inflation…..which is at least double my raise. In conclusion, one delusional 1st time buyer 🙂
P.S. I guess I should be thankfull for a “JOB”…as the economy is getting worse. I’ve lost most my co-workers this year (in SD).
ParticipantBumping this back up to see the changes from last year 07 to this year 08.
For the past 3 years, in my particular case, I have received smaller percentages.
This year is 3.16%
We’re passed the stage of not counting real inflation…..which is at least double my raise. In conclusion, one delusional 1st time buyer 🙂
P.S. I guess I should be thankfull for a “JOB”…as the economy is getting worse. I’ve lost most my co-workers this year (in SD).
ParticipantI guess San Diego is feeling it allright
from today’s UT
“By Emmet Pierce
UNION-TRIBUNE STAFF WRITER12:00 p.m. July 22, 2008
Distressed mortgages continued to put a drag on the troubled economy in June as 1,838 homes in San Diego County went into foreclosure, an 18 percent increase over the previous month and a 180 percent increase over June 2007, DataQuick Information Systems reported Tuesday.
June marked the 39th consecutive month of year-over-year increases for both foreclosures and notices of default, the start of the foreclosure process. June notices of default reached 3,083, a drop of nearly 2 percent from May but a rise of 93 percent from a year earlier. ”
http://www.signonsandiego.com/news/business/20080722-1200-bn22default.html
Now if we put this into a bigger context, such as jobs lost (see Rich’s research) and also 1st hand experience/sentiment…..it’s getting uglyer by the minute.
ParticipantI guess San Diego is feeling it allright
from today’s UT
“By Emmet Pierce
UNION-TRIBUNE STAFF WRITER12:00 p.m. July 22, 2008
Distressed mortgages continued to put a drag on the troubled economy in June as 1,838 homes in San Diego County went into foreclosure, an 18 percent increase over the previous month and a 180 percent increase over June 2007, DataQuick Information Systems reported Tuesday.
June marked the 39th consecutive month of year-over-year increases for both foreclosures and notices of default, the start of the foreclosure process. June notices of default reached 3,083, a drop of nearly 2 percent from May but a rise of 93 percent from a year earlier. ”
http://www.signonsandiego.com/news/business/20080722-1200-bn22default.html
Now if we put this into a bigger context, such as jobs lost (see Rich’s research) and also 1st hand experience/sentiment…..it’s getting uglyer by the minute.
ParticipantI guess San Diego is feeling it allright
from today’s UT
“By Emmet Pierce
UNION-TRIBUNE STAFF WRITER12:00 p.m. July 22, 2008
Distressed mortgages continued to put a drag on the troubled economy in June as 1,838 homes in San Diego County went into foreclosure, an 18 percent increase over the previous month and a 180 percent increase over June 2007, DataQuick Information Systems reported Tuesday.
June marked the 39th consecutive month of year-over-year increases for both foreclosures and notices of default, the start of the foreclosure process. June notices of default reached 3,083, a drop of nearly 2 percent from May but a rise of 93 percent from a year earlier. ”
http://www.signonsandiego.com/news/business/20080722-1200-bn22default.html
Now if we put this into a bigger context, such as jobs lost (see Rich’s research) and also 1st hand experience/sentiment…..it’s getting uglyer by the minute.
ParticipantI guess San Diego is feeling it allright
from today’s UT
“By Emmet Pierce
UNION-TRIBUNE STAFF WRITER12:00 p.m. July 22, 2008
Distressed mortgages continued to put a drag on the troubled economy in June as 1,838 homes in San Diego County went into foreclosure, an 18 percent increase over the previous month and a 180 percent increase over June 2007, DataQuick Information Systems reported Tuesday.
June marked the 39th consecutive month of year-over-year increases for both foreclosures and notices of default, the start of the foreclosure process. June notices of default reached 3,083, a drop of nearly 2 percent from May but a rise of 93 percent from a year earlier. ”
http://www.signonsandiego.com/news/business/20080722-1200-bn22default.html
Now if we put this into a bigger context, such as jobs lost (see Rich’s research) and also 1st hand experience/sentiment…..it’s getting uglyer by the minute.
ParticipantI guess San Diego is feeling it allright
from today’s UT
“By Emmet Pierce
UNION-TRIBUNE STAFF WRITER12:00 p.m. July 22, 2008
Distressed mortgages continued to put a drag on the troubled economy in June as 1,838 homes in San Diego County went into foreclosure, an 18 percent increase over the previous month and a 180 percent increase over June 2007, DataQuick Information Systems reported Tuesday.
June marked the 39th consecutive month of year-over-year increases for both foreclosures and notices of default, the start of the foreclosure process. June notices of default reached 3,083, a drop of nearly 2 percent from May but a rise of 93 percent from a year earlier. ”
http://www.signonsandiego.com/news/business/20080722-1200-bn22default.html
Now if we put this into a bigger context, such as jobs lost (see Rich’s research) and also 1st hand experience/sentiment…..it’s getting uglyer by the minute.
Participant92126 Guy,
You’ve made a good point about your location (West MM), but I don’t think you’ve taken into consideration your immediate neighborhood. As AN pointed out, there are units for sale for over 40 days w/out much activity. These might change the comps in your area. You don’t know right now how many of your neighbors have either (1) refinanced into a bad loan, (2) HELOC the hell out of their houses, and/or(3) their mortgage is about to reset.
If I were you, I woudn’t stress about it too much if you purchased your place the right way: money down, fixed mortgage, in it for the long term, no flipping…..or have wealthy parents 🙂
Needless to say, check out the today’s UT paper which makes San Diego a winner again (in the foreclosure sector)
http://www.signonsandiego.com/news/business/20080722-1200-bn22default.html
In conclusion, with foreclosure topping records, unemployment at the highest since 1995 (I’ve heard 5.7% for SD county), and poor prospects for high paying jobs………there isn’t much recovery anywhere.
P.S. I lived in Mira Mesa for 13 years….I remember back in 1995 my landloard use to beg me to buy his place ( just to get rid of it – that was my 1st bubble lesson). We’re pretty much turning back the clock – I wonder for how far back?. Prices are wayyyy out of wack and the pendulum may swing negatively for many years and by many RE investment formulas, as GRM comes to mind.
Participant92126 Guy,
You’ve made a good point about your location (West MM), but I don’t think you’ve taken into consideration your immediate neighborhood. As AN pointed out, there are units for sale for over 40 days w/out much activity. These might change the comps in your area. You don’t know right now how many of your neighbors have either (1) refinanced into a bad loan, (2) HELOC the hell out of their houses, and/or(3) their mortgage is about to reset.
If I were you, I woudn’t stress about it too much if you purchased your place the right way: money down, fixed mortgage, in it for the long term, no flipping…..or have wealthy parents 🙂
Needless to say, check out the today’s UT paper which makes San Diego a winner again (in the foreclosure sector)
http://www.signonsandiego.com/news/business/20080722-1200-bn22default.html
In conclusion, with foreclosure topping records, unemployment at the highest since 1995 (I’ve heard 5.7% for SD county), and poor prospects for high paying jobs………there isn’t much recovery anywhere.
P.S. I lived in Mira Mesa for 13 years….I remember back in 1995 my landloard use to beg me to buy his place ( just to get rid of it – that was my 1st bubble lesson). We’re pretty much turning back the clock – I wonder for how far back?. Prices are wayyyy out of wack and the pendulum may swing negatively for many years and by many RE investment formulas, as GRM comes to mind.
Participant92126 Guy,
You’ve made a good point about your location (West MM), but I don’t think you’ve taken into consideration your immediate neighborhood. As AN pointed out, there are units for sale for over 40 days w/out much activity. These might change the comps in your area. You don’t know right now how many of your neighbors have either (1) refinanced into a bad loan, (2) HELOC the hell out of their houses, and/or(3) their mortgage is about to reset.
If I were you, I woudn’t stress about it too much if you purchased your place the right way: money down, fixed mortgage, in it for the long term, no flipping…..or have wealthy parents 🙂
Needless to say, check out the today’s UT paper which makes San Diego a winner again (in the foreclosure sector)
http://www.signonsandiego.com/news/business/20080722-1200-bn22default.html
In conclusion, with foreclosure topping records, unemployment at the highest since 1995 (I’ve heard 5.7% for SD county), and poor prospects for high paying jobs………there isn’t much recovery anywhere.
P.S. I lived in Mira Mesa for 13 years….I remember back in 1995 my landloard use to beg me to buy his place ( just to get rid of it – that was my 1st bubble lesson). We’re pretty much turning back the clock – I wonder for how far back?. Prices are wayyyy out of wack and the pendulum may swing negatively for many years and by many RE investment formulas, as GRM comes to mind.
Participant92126 Guy,
You’ve made a good point about your location (West MM), but I don’t think you’ve taken into consideration your immediate neighborhood. As AN pointed out, there are units for sale for over 40 days w/out much activity. These might change the comps in your area. You don’t know right now how many of your neighbors have either (1) refinanced into a bad loan, (2) HELOC the hell out of their houses, and/or(3) their mortgage is about to reset.
If I were you, I woudn’t stress about it too much if you purchased your place the right way: money down, fixed mortgage, in it for the long term, no flipping…..or have wealthy parents 🙂
Needless to say, check out the today’s UT paper which makes San Diego a winner again (in the foreclosure sector)
http://www.signonsandiego.com/news/business/20080722-1200-bn22default.html
In conclusion, with foreclosure topping records, unemployment at the highest since 1995 (I’ve heard 5.7% for SD county), and poor prospects for high paying jobs………there isn’t much recovery anywhere.
P.S. I lived in Mira Mesa for 13 years….I remember back in 1995 my landloard use to beg me to buy his place ( just to get rid of it – that was my 1st bubble lesson). We’re pretty much turning back the clock – I wonder for how far back?. Prices are wayyyy out of wack and the pendulum may swing negatively for many years and by many RE investment formulas, as GRM comes to mind.
Participant92126 Guy,
You’ve made a good point about your location (West MM), but I don’t think you’ve taken into consideration your immediate neighborhood. As AN pointed out, there are units for sale for over 40 days w/out much activity. These might change the comps in your area. You don’t know right now how many of your neighbors have either (1) refinanced into a bad loan, (2) HELOC the hell out of their houses, and/or(3) their mortgage is about to reset.
If I were you, I woudn’t stress about it too much if you purchased your place the right way: money down, fixed mortgage, in it for the long term, no flipping…..or have wealthy parents 🙂
Needless to say, check out the today’s UT paper which makes San Diego a winner again (in the foreclosure sector)
http://www.signonsandiego.com/news/business/20080722-1200-bn22default.html
In conclusion, with foreclosure topping records, unemployment at the highest since 1995 (I’ve heard 5.7% for SD county), and poor prospects for high paying jobs………there isn’t much recovery anywhere.
P.S. I lived in Mira Mesa for 13 years….I remember back in 1995 my landloard use to beg me to buy his place ( just to get rid of it – that was my 1st bubble lesson). We’re pretty much turning back the clock – I wonder for how far back?. Prices are wayyyy out of wack and the pendulum may swing negatively for many years and by many RE investment formulas, as GRM comes to mind.
Participant34. When most flipper/investor ask for advice from renters….here is a sign
35. When foreclosures make up most of the RE sales……here is a sign
36. When RE brokers, agents, appraisers are experts in short sales, foreclosures …here is a sign
37. When Freddie & Fannie are insolvent….here is a big sign.
38. When a flipper is happy to have his/her house approved for a short sale & just walk away…here is a sign
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