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socratttParticipant
Arraya in the perfect scenario prices will continue to drop, but I must say our government is becoming very good on the supply side of control. I am on the east coast for a month in search of RE investments and funny enough they are few and far between.
I have been to trustee auctions from Florida to the Northeast and if you think the banks are taking less than the failed mortgage amount you are mistaken. Banks are playing into the same game as the FED (maybe because they have no choice). Florida is a scary place right now. The condo associations will probably start filing BK in the boat loads as many are just walking away). SFHs in places like Florida are still way over priced and have a lot of room to drop.
It doesn’t matter how much inventory the banks hold, how many more there are to come and where unemployment is because the banks are obviously in no need to unload inventory or by FED standards are unable to. I truly believe our government has a much bigger plan than any of us can imagine. Even if there were 3-4 million in the shadow inventory on the horizon there has to be a plan to create some sort of income whether it is moving the units or renting them. My guess is the plan to rent is a huge possibility. Property taxes and HOA’s that remain the responsibility of the banks will create an ever bigger problem if banks continue to be on the hook for these.
I predict 2010 will be one of the most interesting times in regards to real estate in the history of this country. You can only play the same game for so long before one side loses!!!
socratttParticipantArraya in the perfect scenario prices will continue to drop, but I must say our government is becoming very good on the supply side of control. I am on the east coast for a month in search of RE investments and funny enough they are few and far between.
I have been to trustee auctions from Florida to the Northeast and if you think the banks are taking less than the failed mortgage amount you are mistaken. Banks are playing into the same game as the FED (maybe because they have no choice). Florida is a scary place right now. The condo associations will probably start filing BK in the boat loads as many are just walking away). SFHs in places like Florida are still way over priced and have a lot of room to drop.
It doesn’t matter how much inventory the banks hold, how many more there are to come and where unemployment is because the banks are obviously in no need to unload inventory or by FED standards are unable to. I truly believe our government has a much bigger plan than any of us can imagine. Even if there were 3-4 million in the shadow inventory on the horizon there has to be a plan to create some sort of income whether it is moving the units or renting them. My guess is the plan to rent is a huge possibility. Property taxes and HOA’s that remain the responsibility of the banks will create an ever bigger problem if banks continue to be on the hook for these.
I predict 2010 will be one of the most interesting times in regards to real estate in the history of this country. You can only play the same game for so long before one side loses!!!
socratttParticipantArraya in the perfect scenario prices will continue to drop, but I must say our government is becoming very good on the supply side of control. I am on the east coast for a month in search of RE investments and funny enough they are few and far between.
I have been to trustee auctions from Florida to the Northeast and if you think the banks are taking less than the failed mortgage amount you are mistaken. Banks are playing into the same game as the FED (maybe because they have no choice). Florida is a scary place right now. The condo associations will probably start filing BK in the boat loads as many are just walking away). SFHs in places like Florida are still way over priced and have a lot of room to drop.
It doesn’t matter how much inventory the banks hold, how many more there are to come and where unemployment is because the banks are obviously in no need to unload inventory or by FED standards are unable to. I truly believe our government has a much bigger plan than any of us can imagine. Even if there were 3-4 million in the shadow inventory on the horizon there has to be a plan to create some sort of income whether it is moving the units or renting them. My guess is the plan to rent is a huge possibility. Property taxes and HOA’s that remain the responsibility of the banks will create an ever bigger problem if banks continue to be on the hook for these.
I predict 2010 will be one of the most interesting times in regards to real estate in the history of this country. You can only play the same game for so long before one side loses!!!
socratttParticipantArraya in the perfect scenario prices will continue to drop, but I must say our government is becoming very good on the supply side of control. I am on the east coast for a month in search of RE investments and funny enough they are few and far between.
I have been to trustee auctions from Florida to the Northeast and if you think the banks are taking less than the failed mortgage amount you are mistaken. Banks are playing into the same game as the FED (maybe because they have no choice). Florida is a scary place right now. The condo associations will probably start filing BK in the boat loads as many are just walking away). SFHs in places like Florida are still way over priced and have a lot of room to drop.
It doesn’t matter how much inventory the banks hold, how many more there are to come and where unemployment is because the banks are obviously in no need to unload inventory or by FED standards are unable to. I truly believe our government has a much bigger plan than any of us can imagine. Even if there were 3-4 million in the shadow inventory on the horizon there has to be a plan to create some sort of income whether it is moving the units or renting them. My guess is the plan to rent is a huge possibility. Property taxes and HOA’s that remain the responsibility of the banks will create an ever bigger problem if banks continue to be on the hook for these.
I predict 2010 will be one of the most interesting times in regards to real estate in the history of this country. You can only play the same game for so long before one side loses!!!
September 30, 2009 at 7:28 PM in reply to: The Ongoing Case-Shiller Fallacy/Shadow Inventory #462408socratttParticipantEnough is enough, this is all just a conspiracy. Let’s all just focus on the real facts like 1) Swine Flu is deadly 2) Michael Jackson is still alive 3) Walmart just ran out of tin foil hats.
Folks these are the real issues. The fact that the banks are hiding inventory is just as silly as saying Iran and Israel will be at war before the end of the year.
I am focusing on the truth from now on. I have no reason to believe the FDA, the FED and our politicians are selfish, greedy and power hungry. They want what is best for me and my family. If you don’t believe me just watch TV.
Oh yeah and one more thing. I just saw an ad on Craiglist and it said something like, We have millions of rentals to choose from just email us back at [email protected]. I’m gonna get me one of these bank rentals, I bet they come attached with a big brother camera system (they call it a security system)!! I will feel protected in my REO!!
September 30, 2009 at 7:28 PM in reply to: The Ongoing Case-Shiller Fallacy/Shadow Inventory #462602socratttParticipantEnough is enough, this is all just a conspiracy. Let’s all just focus on the real facts like 1) Swine Flu is deadly 2) Michael Jackson is still alive 3) Walmart just ran out of tin foil hats.
Folks these are the real issues. The fact that the banks are hiding inventory is just as silly as saying Iran and Israel will be at war before the end of the year.
I am focusing on the truth from now on. I have no reason to believe the FDA, the FED and our politicians are selfish, greedy and power hungry. They want what is best for me and my family. If you don’t believe me just watch TV.
Oh yeah and one more thing. I just saw an ad on Craiglist and it said something like, We have millions of rentals to choose from just email us back at [email protected]. I’m gonna get me one of these bank rentals, I bet they come attached with a big brother camera system (they call it a security system)!! I will feel protected in my REO!!
September 30, 2009 at 7:28 PM in reply to: The Ongoing Case-Shiller Fallacy/Shadow Inventory #462946socratttParticipantEnough is enough, this is all just a conspiracy. Let’s all just focus on the real facts like 1) Swine Flu is deadly 2) Michael Jackson is still alive 3) Walmart just ran out of tin foil hats.
Folks these are the real issues. The fact that the banks are hiding inventory is just as silly as saying Iran and Israel will be at war before the end of the year.
I am focusing on the truth from now on. I have no reason to believe the FDA, the FED and our politicians are selfish, greedy and power hungry. They want what is best for me and my family. If you don’t believe me just watch TV.
Oh yeah and one more thing. I just saw an ad on Craiglist and it said something like, We have millions of rentals to choose from just email us back at [email protected]. I’m gonna get me one of these bank rentals, I bet they come attached with a big brother camera system (they call it a security system)!! I will feel protected in my REO!!
September 30, 2009 at 7:28 PM in reply to: The Ongoing Case-Shiller Fallacy/Shadow Inventory #463019socratttParticipantEnough is enough, this is all just a conspiracy. Let’s all just focus on the real facts like 1) Swine Flu is deadly 2) Michael Jackson is still alive 3) Walmart just ran out of tin foil hats.
Folks these are the real issues. The fact that the banks are hiding inventory is just as silly as saying Iran and Israel will be at war before the end of the year.
I am focusing on the truth from now on. I have no reason to believe the FDA, the FED and our politicians are selfish, greedy and power hungry. They want what is best for me and my family. If you don’t believe me just watch TV.
Oh yeah and one more thing. I just saw an ad on Craiglist and it said something like, We have millions of rentals to choose from just email us back at [email protected]. I’m gonna get me one of these bank rentals, I bet they come attached with a big brother camera system (they call it a security system)!! I will feel protected in my REO!!
September 30, 2009 at 7:28 PM in reply to: The Ongoing Case-Shiller Fallacy/Shadow Inventory #463223socratttParticipantEnough is enough, this is all just a conspiracy. Let’s all just focus on the real facts like 1) Swine Flu is deadly 2) Michael Jackson is still alive 3) Walmart just ran out of tin foil hats.
Folks these are the real issues. The fact that the banks are hiding inventory is just as silly as saying Iran and Israel will be at war before the end of the year.
I am focusing on the truth from now on. I have no reason to believe the FDA, the FED and our politicians are selfish, greedy and power hungry. They want what is best for me and my family. If you don’t believe me just watch TV.
Oh yeah and one more thing. I just saw an ad on Craiglist and it said something like, We have millions of rentals to choose from just email us back at [email protected]. I’m gonna get me one of these bank rentals, I bet they come attached with a big brother camera system (they call it a security system)!! I will feel protected in my REO!!
socratttParticipantRumor has it Deja Vu is starting to outsource as well! I hear they are sending out employees for 2 week stints in India and Saudi Arabia. This could really put a damper on the market. TG, this is devastating news!
socratttParticipantRumor has it Deja Vu is starting to outsource as well! I hear they are sending out employees for 2 week stints in India and Saudi Arabia. This could really put a damper on the market. TG, this is devastating news!
socratttParticipantRumor has it Deja Vu is starting to outsource as well! I hear they are sending out employees for 2 week stints in India and Saudi Arabia. This could really put a damper on the market. TG, this is devastating news!
socratttParticipantRumor has it Deja Vu is starting to outsource as well! I hear they are sending out employees for 2 week stints in India and Saudi Arabia. This could really put a damper on the market. TG, this is devastating news!
socratttParticipantRumor has it Deja Vu is starting to outsource as well! I hear they are sending out employees for 2 week stints in India and Saudi Arabia. This could really put a damper on the market. TG, this is devastating news!
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