[temeculaguy]

faraina, you are doing the right thing. Pay your way and protect yourself at the same time. Don’t try and get anything for free and don’t get taken advantage of. If your L/L is trying to do the right thing and you are trying to do the right thing, the right thing will likely happen. If he goes sideways, you know how to protect yourself and not lose, but also don’t try to take advantage of the situation either. Karma works both ways.

Plus I’m proud of you, of all the “please help, my landlord may not be paying” posts we get, I like how yours ended the best.

[temeculaguy]

faraina, you are doing the right thing. Pay your way and protect yourself at the same time. Don’t try and get anything for free and don’t get taken advantage of. If your L/L is trying to do the right thing and you are trying to do the right thing, the right thing will likely happen. If he goes sideways, you know how to protect yourself and not lose, but also don’t try to take advantage of the situation either. Karma works both ways.

Plus I’m proud of you, of all the “please help, my landlord may not be paying” posts we get, I like how yours ended the best.

[temeculaguy]

faraina, you are doing the right thing. Pay your way and protect yourself at the same time. Don’t try and get anything for free and don’t get taken advantage of. If your L/L is trying to do the right thing and you are trying to do the right thing, the right thing will likely happen. If he goes sideways, you know how to protect yourself and not lose, but also don’t try to take advantage of the situation either. Karma works both ways.

Plus I’m proud of you, of all the “please help, my landlord may not be paying” posts we get, I like how yours ended the best.

[temeculaguy]

faraina, you are doing the right thing. Pay your way and protect yourself at the same time. Don’t try and get anything for free and don’t get taken advantage of. If your L/L is trying to do the right thing and you are trying to do the right thing, the right thing will likely happen. If he goes sideways, you know how to protect yourself and not lose, but also don’t try to take advantage of the situation either. Karma works both ways.

Plus I’m proud of you, of all the “please help, my landlord may not be paying” posts we get, I like how yours ended the best.

[temeculaguy]

[quote=DWCAP][quote=FormerSanDiegan]Some people will die next year and their heirs will sell their property. Those should be counted in shadow inventory as well.

Also, some people will move away, retire to the mountains or other scenarios. The future inventory from these sources should be investigated as well.[/quote]

Why? That is normal inventory flux. There will always be people dying and people moving.

Shadow inventory refers to the ABNORMAL current situation where property ‘owners’ are not fufilling their contractual obligations, and the banks are not acting upon it and taking the house to foreclosure and/or sale.

The properties you describe are not shadow inventory, their owners are paying their morgage, the bank has no legal reason to take the property, and/or no morgage is heald on the property (ie old people paid it off before they die).[/quote]

I think former was being sarcastic, the initial definition of shadow inventory was bank owned homes being left vacant by the bank to control market prices through inventory control. The definition keeps expanding as the concept has become commonplace and the vacants (while some exist) aren’t that big of a number. Some consider non payers with no bank foreclosure process as part of the shadow, some consider anything with a nod part of it, the problem is that the term was born on the boards of housing blogs and it had one definition, now that the msm has adopted the term, it is being defined differently by different people for different reasons and it confuses me sometimes.

[temeculaguy]

[quote=DWCAP][quote=FormerSanDiegan]Some people will die next year and their heirs will sell their property. Those should be counted in shadow inventory as well.

Also, some people will move away, retire to the mountains or other scenarios. The future inventory from these sources should be investigated as well.[/quote]

Why? That is normal inventory flux. There will always be people dying and people moving.

Shadow inventory refers to the ABNORMAL current situation where property ‘owners’ are not fufilling their contractual obligations, and the banks are not acting upon it and taking the house to foreclosure and/or sale.

The properties you describe are not shadow inventory, their owners are paying their morgage, the bank has no legal reason to take the property, and/or no morgage is heald on the property (ie old people paid it off before they die).[/quote]

I think former was being sarcastic, the initial definition of shadow inventory was bank owned homes being left vacant by the bank to control market prices through inventory control. The definition keeps expanding as the concept has become commonplace and the vacants (while some exist) aren’t that big of a number. Some consider non payers with no bank foreclosure process as part of the shadow, some consider anything with a nod part of it, the problem is that the term was born on the boards of housing blogs and it had one definition, now that the msm has adopted the term, it is being defined differently by different people for different reasons and it confuses me sometimes.

[temeculaguy]

[quote=DWCAP][quote=FormerSanDiegan]Some people will die next year and their heirs will sell their property. Those should be counted in shadow inventory as well.

Also, some people will move away, retire to the mountains or other scenarios. The future inventory from these sources should be investigated as well.[/quote]

Why? That is normal inventory flux. There will always be people dying and people moving.

Shadow inventory refers to the ABNORMAL current situation where property ‘owners’ are not fufilling their contractual obligations, and the banks are not acting upon it and taking the house to foreclosure and/or sale.

The properties you describe are not shadow inventory, their owners are paying their morgage, the bank has no legal reason to take the property, and/or no morgage is heald on the property (ie old people paid it off before they die).[/quote]

I think former was being sarcastic, the initial definition of shadow inventory was bank owned homes being left vacant by the bank to control market prices through inventory control. The definition keeps expanding as the concept has become commonplace and the vacants (while some exist) aren’t that big of a number. Some consider non payers with no bank foreclosure process as part of the shadow, some consider anything with a nod part of it, the problem is that the term was born on the boards of housing blogs and it had one definition, now that the msm has adopted the term, it is being defined differently by different people for different reasons and it confuses me sometimes.

[temeculaguy]

[quote=DWCAP][quote=FormerSanDiegan]Some people will die next year and their heirs will sell their property. Those should be counted in shadow inventory as well.

Also, some people will move away, retire to the mountains or other scenarios. The future inventory from these sources should be investigated as well.[/quote]

Why? That is normal inventory flux. There will always be people dying and people moving.

Shadow inventory refers to the ABNORMAL current situation where property ‘owners’ are not fufilling their contractual obligations, and the banks are not acting upon it and taking the house to foreclosure and/or sale.

The properties you describe are not shadow inventory, their owners are paying their morgage, the bank has no legal reason to take the property, and/or no morgage is heald on the property (ie old people paid it off before they die).[/quote]

I think former was being sarcastic, the initial definition of shadow inventory was bank owned homes being left vacant by the bank to control market prices through inventory control. The definition keeps expanding as the concept has become commonplace and the vacants (while some exist) aren’t that big of a number. Some consider non payers with no bank foreclosure process as part of the shadow, some consider anything with a nod part of it, the problem is that the term was born on the boards of housing blogs and it had one definition, now that the msm has adopted the term, it is being defined differently by different people for different reasons and it confuses me sometimes.

[temeculaguy]

[quote=DWCAP][quote=FormerSanDiegan]Some people will die next year and their heirs will sell their property. Those should be counted in shadow inventory as well.

Also, some people will move away, retire to the mountains or other scenarios. The future inventory from these sources should be investigated as well.[/quote]

Why? That is normal inventory flux. There will always be people dying and people moving.

Shadow inventory refers to the ABNORMAL current situation where property ‘owners’ are not fufilling their contractual obligations, and the banks are not acting upon it and taking the house to foreclosure and/or sale.

The properties you describe are not shadow inventory, their owners are paying their morgage, the bank has no legal reason to take the property, and/or no morgage is heald on the property (ie old people paid it off before they die).[/quote]

I think former was being sarcastic, the initial definition of shadow inventory was bank owned homes being left vacant by the bank to control market prices through inventory control. The definition keeps expanding as the concept has become commonplace and the vacants (while some exist) aren’t that big of a number. Some consider non payers with no bank foreclosure process as part of the shadow, some consider anything with a nod part of it, the problem is that the term was born on the boards of housing blogs and it had one definition, now that the msm has adopted the term, it is being defined differently by different people for different reasons and it confuses me sometimes.

[temeculaguy]

congrats CONCH!

So is a bull defined as anyone who buys a home? Most of the people on the boards have bought after not buying from 2004-2007 or even selling and then rebuying now, are they bulls? Is anyone who doesn’t have utter hopelessness a bull?

Huck, I’ll take that bet, I’ll bet that I don’t get my a$$ handed to me. Higher rates, lower rates, increasing prices, decreasing prices, inflation, deflation, weak dollar, strong dollar, more foreclosures, less foreclosures, not one are going to hurt my a$$. I might place a few bets in some investments, make a buck, lose a buck, but there will be no wipe outs, because I didn’t overleverage, nor did most of the piggy buyers, we are mostly, risk averse bears compared to the general public, just varying degrees when we compare our opinions against each other.

[temeculaguy]

congrats CONCH!

So is a bull defined as anyone who buys a home? Most of the people on the boards have bought after not buying from 2004-2007 or even selling and then rebuying now, are they bulls? Is anyone who doesn’t have utter hopelessness a bull?

Huck, I’ll take that bet, I’ll bet that I don’t get my a$$ handed to me. Higher rates, lower rates, increasing prices, decreasing prices, inflation, deflation, weak dollar, strong dollar, more foreclosures, less foreclosures, not one are going to hurt my a$$. I might place a few bets in some investments, make a buck, lose a buck, but there will be no wipe outs, because I didn’t overleverage, nor did most of the piggy buyers, we are mostly, risk averse bears compared to the general public, just varying degrees when we compare our opinions against each other.

[temeculaguy]

congrats CONCH!

So is a bull defined as anyone who buys a home? Most of the people on the boards have bought after not buying from 2004-2007 or even selling and then rebuying now, are they bulls? Is anyone who doesn’t have utter hopelessness a bull?

Huck, I’ll take that bet, I’ll bet that I don’t get my a$$ handed to me. Higher rates, lower rates, increasing prices, decreasing prices, inflation, deflation, weak dollar, strong dollar, more foreclosures, less foreclosures, not one are going to hurt my a$$. I might place a few bets in some investments, make a buck, lose a buck, but there will be no wipe outs, because I didn’t overleverage, nor did most of the piggy buyers, we are mostly, risk averse bears compared to the general public, just varying degrees when we compare our opinions against each other.

[temeculaguy]

congrats CONCH!

So is a bull defined as anyone who buys a home? Most of the people on the boards have bought after not buying from 2004-2007 or even selling and then rebuying now, are they bulls? Is anyone who doesn’t have utter hopelessness a bull?

Huck, I’ll take that bet, I’ll bet that I don’t get my a$$ handed to me. Higher rates, lower rates, increasing prices, decreasing prices, inflation, deflation, weak dollar, strong dollar, more foreclosures, less foreclosures, not one are going to hurt my a$$. I might place a few bets in some investments, make a buck, lose a buck, but there will be no wipe outs, because I didn’t overleverage, nor did most of the piggy buyers, we are mostly, risk averse bears compared to the general public, just varying degrees when we compare our opinions against each other.

[temeculaguy]

congrats CONCH!

So is a bull defined as anyone who buys a home? Most of the people on the boards have bought after not buying from 2004-2007 or even selling and then rebuying now, are they bulls? Is anyone who doesn’t have utter hopelessness a bull?

Huck, I’ll take that bet, I’ll bet that I don’t get my a$$ handed to me. Higher rates, lower rates, increasing prices, decreasing prices, inflation, deflation, weak dollar, strong dollar, more foreclosures, less foreclosures, not one are going to hurt my a$$. I might place a few bets in some investments, make a buck, lose a buck, but there will be no wipe outs, because I didn’t overleverage, nor did most of the piggy buyers, we are mostly, risk averse bears compared to the general public, just varying degrees when we compare our opinions against each other.

[temeculaguy]

The good people of Detroit did not lose their minds because of unemployment, they did so because someone said the magic word “FREE.” Even during record employment, hysteria breaks out when you use tht word. How many times have you been in a line at a store the day after thanksgiving during record employemt years because they were going to sell a cretain amount of a certain thing for a ridiculously low price.

Large uprisings (not scirmishes or protests) break out mostly for just a few reasons, unemployment isn’t one of them. The most common are when basic food and medicine needs cannot be met (we are past the days of famine, and pandemics cause people to avoid crowds), racism, when someone uses the words “free” and of course….soccer in any country other than the united states.

[Author]

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