[sunny88]

[quote=sunny88]My prediction is that the prices for the homes at “Skyranch” will drop another 15% before going up again. As for the new sales I predict a slow down due to strict lending guidelines, high unemployment which won’t go away any time soon, and general economic downturn. I wouldn’t be surprised if recovery takes 10-15 years.[/quote]

[sunny88]

[quote=sunny88]My prediction is that the prices for the homes at “Skyranch” will drop another 15% before going up again. As for the new sales I predict a slow down due to strict lending guidelines, high unemployment which won’t go away any time soon, and general economic downturn. I wouldn’t be surprised if recovery takes 10-15 years.[/quote]

[sunny88]

[quote=sunny88]My prediction is that the prices for the homes at “Skyranch” will drop another 15% before going up again. As for the new sales I predict a slow down due to strict lending guidelines, high unemployment which won’t go away any time soon, and general economic downturn. I wouldn’t be surprised if recovery takes 10-15 years.[/quote]

[sunny88]

My prediction is that the prices for the homes at “Skyranch” will drop another 15% before going up again. As for the new sales I predict a slow down due to strict lending guidelines, high unemployment which won’t go away any time soon, and general economic downturn. I wouldn’t be surprised if recovery takes 15 years.

[sunny88]

My prediction is that the prices for the homes at “Skyranch” will drop another 15% before going up again. As for the new sales I predict a slow down due to strict lending guidelines, high unemployment which won’t go away any time soon, and general economic downturn. I wouldn’t be surprised if recovery takes 15 years.

[sunny88]

My prediction is that the prices for the homes at “Skyranch” will drop another 15% before going up again. As for the new sales I predict a slow down due to strict lending guidelines, high unemployment which won’t go away any time soon, and general economic downturn. I wouldn’t be surprised if recovery takes 15 years.

[sunny88]

My prediction is that the prices for the homes at “Skyranch” will drop another 15% before going up again. As for the new sales I predict a slow down due to strict lending guidelines, high unemployment which won’t go away any time soon, and general economic downturn. I wouldn’t be surprised if recovery takes 15 years.

[sunny88]

My prediction is that the prices for the homes at “Skyranch” will drop another 15% before going up again. As for the new sales I predict a slow down due to strict lending guidelines, high unemployment which won’t go away any time soon, and general economic downturn. I wouldn’t be surprised if recovery takes 15 years.

[sunny88]

[quote=CA renter][quote=bearishgurl][quote=HLS]. . . Many people just don’t qualify for a loan at any interest rate today.[/quote]

HLS, this is so true. I have an 804 FICO score and never had any missed (or late) mortgage payments in my entire life. However, I couldn’t even buy my own property back today (purch. 9 yrs. ago) as I would be NOW be labeled to have “insufficient income” to qualify – LOL![/quote]

BG,

I think many, many people are in the same situation (couldn’t buy their own homes back at today’s prices). During the peak, about 80% of homeowners couldn’t buy back their own homes at those prices, yet they expect some foolish buyer to somehow manage to do it! That’s exactly why some of us are so bearish — prices are still too high in many areas.[/quote]

I agree, most new homes and resales are still way overpriced. I don’t think that we should pay such a high premium for living in SoCal anymore as the economy here is so bad now.

[sunny88]

[quote=CA renter][quote=bearishgurl][quote=HLS]. . . Many people just don’t qualify for a loan at any interest rate today.[/quote]

HLS, this is so true. I have an 804 FICO score and never had any missed (or late) mortgage payments in my entire life. However, I couldn’t even buy my own property back today (purch. 9 yrs. ago) as I would be NOW be labeled to have “insufficient income” to qualify – LOL![/quote]

BG,

I think many, many people are in the same situation (couldn’t buy their own homes back at today’s prices). During the peak, about 80% of homeowners couldn’t buy back their own homes at those prices, yet they expect some foolish buyer to somehow manage to do it! That’s exactly why some of us are so bearish — prices are still too high in many areas.[/quote]

I agree, most new homes and resales are still way overpriced. I don’t think that we should pay such a high premium for living in SoCal anymore as the economy here is so bad now.

[sunny88]

[quote=CA renter][quote=bearishgurl][quote=HLS]. . . Many people just don’t qualify for a loan at any interest rate today.[/quote]

HLS, this is so true. I have an 804 FICO score and never had any missed (or late) mortgage payments in my entire life. However, I couldn’t even buy my own property back today (purch. 9 yrs. ago) as I would be NOW be labeled to have “insufficient income” to qualify – LOL![/quote]

BG,

I think many, many people are in the same situation (couldn’t buy their own homes back at today’s prices). During the peak, about 80% of homeowners couldn’t buy back their own homes at those prices, yet they expect some foolish buyer to somehow manage to do it! That’s exactly why some of us are so bearish — prices are still too high in many areas.[/quote]

I agree, most new homes and resales are still way overpriced. I don’t think that we should pay such a high premium for living in SoCal anymore as the economy here is so bad now.

[sunny88]

[quote=CA renter][quote=bearishgurl][quote=HLS]. . . Many people just don’t qualify for a loan at any interest rate today.[/quote]

HLS, this is so true. I have an 804 FICO score and never had any missed (or late) mortgage payments in my entire life. However, I couldn’t even buy my own property back today (purch. 9 yrs. ago) as I would be NOW be labeled to have “insufficient income” to qualify – LOL![/quote]

BG,

I think many, many people are in the same situation (couldn’t buy their own homes back at today’s prices). During the peak, about 80% of homeowners couldn’t buy back their own homes at those prices, yet they expect some foolish buyer to somehow manage to do it! That’s exactly why some of us are so bearish — prices are still too high in many areas.[/quote]

I agree, most new homes and resales are still way overpriced. I don’t think that we should pay such a high premium for living in SoCal anymore as the economy here is so bad now.

[sunny88]

[quote=CA renter][quote=bearishgurl][quote=HLS]. . . Many people just don’t qualify for a loan at any interest rate today.[/quote]

HLS, this is so true. I have an 804 FICO score and never had any missed (or late) mortgage payments in my entire life. However, I couldn’t even buy my own property back today (purch. 9 yrs. ago) as I would be NOW be labeled to have “insufficient income” to qualify – LOL![/quote]

BG,

I think many, many people are in the same situation (couldn’t buy their own homes back at today’s prices). During the peak, about 80% of homeowners couldn’t buy back their own homes at those prices, yet they expect some foolish buyer to somehow manage to do it! That’s exactly why some of us are so bearish — prices are still too high in many areas.[/quote]

I agree, most new homes and resales are still way overpriced. I don’t think that we should pay such a high premium for living in SoCal anymore as the economy here is so bad now.

[sunny88]

[quote=desmond]Another round of corporate acquisitions could be on the way, Potash, McAfee, who will be next?[/quote]

Intel should have acquired Potash, there is always a demand for fertilizers.

[sunny88]

[quote=desmond]Another round of corporate acquisitions could be on the way, Potash, McAfee, who will be next?[/quote]

Intel should have acquired Potash, there is always a demand for fertilizers.

[Author]

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