[temeculaguy]

sd and urban, on that topic, is it just you guys or is it just a whole lot smoother now? Last year, after a couple of failed tries, in which nobody got the house and the bank took it back and sold it themselves (for less in some cases, more in others) I swore them off because of the frustration and wasted time. Now I have a couple of new neighbors who recently bought their houses as shorts and report pretty smooth transactions and their houses are in a hell of a lot better shape than mine was. I see alot of them going through where before almost none did and they are more than 50% of the listings in my zip code. Have shorts found their time and are there enough of them to impact the foreclosures? I don’t know, it sure looks like more than a niche to me and something that never gets mentioned in the foreclosure doomsday articles.

[temeculaguy]

sd and urban, on that topic, is it just you guys or is it just a whole lot smoother now? Last year, after a couple of failed tries, in which nobody got the house and the bank took it back and sold it themselves (for less in some cases, more in others) I swore them off because of the frustration and wasted time. Now I have a couple of new neighbors who recently bought their houses as shorts and report pretty smooth transactions and their houses are in a hell of a lot better shape than mine was. I see alot of them going through where before almost none did and they are more than 50% of the listings in my zip code. Have shorts found their time and are there enough of them to impact the foreclosures? I don’t know, it sure looks like more than a niche to me and something that never gets mentioned in the foreclosure doomsday articles.

[temeculaguy]

sd and urban, on that topic, is it just you guys or is it just a whole lot smoother now? Last year, after a couple of failed tries, in which nobody got the house and the bank took it back and sold it themselves (for less in some cases, more in others) I swore them off because of the frustration and wasted time. Now I have a couple of new neighbors who recently bought their houses as shorts and report pretty smooth transactions and their houses are in a hell of a lot better shape than mine was. I see alot of them going through where before almost none did and they are more than 50% of the listings in my zip code. Have shorts found their time and are there enough of them to impact the foreclosures? I don’t know, it sure looks like more than a niche to me and something that never gets mentioned in the foreclosure doomsday articles.

[temeculaguy]

sd and urban, on that topic, is it just you guys or is it just a whole lot smoother now? Last year, after a couple of failed tries, in which nobody got the house and the bank took it back and sold it themselves (for less in some cases, more in others) I swore them off because of the frustration and wasted time. Now I have a couple of new neighbors who recently bought their houses as shorts and report pretty smooth transactions and their houses are in a hell of a lot better shape than mine was. I see alot of them going through where before almost none did and they are more than 50% of the listings in my zip code. Have shorts found their time and are there enough of them to impact the foreclosures? I don’t know, it sure looks like more than a niche to me and something that never gets mentioned in the foreclosure doomsday articles.

[temeculaguy]

[quote=jameswenn]the 1.2, 1.5, and 217k, aren’t part of the inventory yet. So maybe they dind’t mention what’s actually in REO yet.[/quote]

Or 70 virgins just sounds better than 20 virgins, if you are going to make up numbers, might as well make up good ones.

I wouldn’t be cynical if I hadn’t been reading the same story for years, it chaps my ass even more because a few years ago I believed it. I should just smile and be slightly amused the way I am when 5 year olds talk about Santa Claus coming. The assumptions are where the problems lie, it isn’t a conspiracy, it’s false accounting by those peddling the theory.

1.2 million loans missed 3 payments, o.k, that’s 1.2 million repos. NO!, that’s potentially 1.2, but at no time in history did 100% of nods go not, even before bailouts, help for homeowners, loan mods, there was not a 100% nod to not. The 217k without a payment for a year, those are probably all going to end up repos, but how many of the 1.2 are doing it on purpose to get a loan mod, how many of the 1.7 million in the process will be sold as short sales. Do you realize that every short sale takes one away from these lists, check redfin who breaks out the shorts for you, shorts are a dominant force in the market now. Short sales are starting to go through, that is taking a serios bite out of the foreclose numbers.

Or you can get a tin foil hat and hang out with Micheal Jackson, but Santa Claus isn’t coming and neither is the Shadow Inventory.

The guys that put together the case/shiller charts have never been discredited to my knowlege, unlike the mr mortgages and peter schiffs of the world, until they screw up, their charts are legal tender in these parts.

[temeculaguy]

[quote=jameswenn]the 1.2, 1.5, and 217k, aren’t part of the inventory yet. So maybe they dind’t mention what’s actually in REO yet.[/quote]

Or 70 virgins just sounds better than 20 virgins, if you are going to make up numbers, might as well make up good ones.

I wouldn’t be cynical if I hadn’t been reading the same story for years, it chaps my ass even more because a few years ago I believed it. I should just smile and be slightly amused the way I am when 5 year olds talk about Santa Claus coming. The assumptions are where the problems lie, it isn’t a conspiracy, it’s false accounting by those peddling the theory.

1.2 million loans missed 3 payments, o.k, that’s 1.2 million repos. NO!, that’s potentially 1.2, but at no time in history did 100% of nods go not, even before bailouts, help for homeowners, loan mods, there was not a 100% nod to not. The 217k without a payment for a year, those are probably all going to end up repos, but how many of the 1.2 are doing it on purpose to get a loan mod, how many of the 1.7 million in the process will be sold as short sales. Do you realize that every short sale takes one away from these lists, check redfin who breaks out the shorts for you, shorts are a dominant force in the market now. Short sales are starting to go through, that is taking a serios bite out of the foreclose numbers.

Or you can get a tin foil hat and hang out with Micheal Jackson, but Santa Claus isn’t coming and neither is the Shadow Inventory.

The guys that put together the case/shiller charts have never been discredited to my knowlege, unlike the mr mortgages and peter schiffs of the world, until they screw up, their charts are legal tender in these parts.

[temeculaguy]

[quote=jameswenn]the 1.2, 1.5, and 217k, aren’t part of the inventory yet. So maybe they dind’t mention what’s actually in REO yet.[/quote]

Or 70 virgins just sounds better than 20 virgins, if you are going to make up numbers, might as well make up good ones.

I wouldn’t be cynical if I hadn’t been reading the same story for years, it chaps my ass even more because a few years ago I believed it. I should just smile and be slightly amused the way I am when 5 year olds talk about Santa Claus coming. The assumptions are where the problems lie, it isn’t a conspiracy, it’s false accounting by those peddling the theory.

1.2 million loans missed 3 payments, o.k, that’s 1.2 million repos. NO!, that’s potentially 1.2, but at no time in history did 100% of nods go not, even before bailouts, help for homeowners, loan mods, there was not a 100% nod to not. The 217k without a payment for a year, those are probably all going to end up repos, but how many of the 1.2 are doing it on purpose to get a loan mod, how many of the 1.7 million in the process will be sold as short sales. Do you realize that every short sale takes one away from these lists, check redfin who breaks out the shorts for you, shorts are a dominant force in the market now. Short sales are starting to go through, that is taking a serios bite out of the foreclose numbers.

Or you can get a tin foil hat and hang out with Micheal Jackson, but Santa Claus isn’t coming and neither is the Shadow Inventory.

The guys that put together the case/shiller charts have never been discredited to my knowlege, unlike the mr mortgages and peter schiffs of the world, until they screw up, their charts are legal tender in these parts.

[temeculaguy]

[quote=jameswenn]the 1.2, 1.5, and 217k, aren’t part of the inventory yet. So maybe they dind’t mention what’s actually in REO yet.[/quote]

Or 70 virgins just sounds better than 20 virgins, if you are going to make up numbers, might as well make up good ones.

I wouldn’t be cynical if I hadn’t been reading the same story for years, it chaps my ass even more because a few years ago I believed it. I should just smile and be slightly amused the way I am when 5 year olds talk about Santa Claus coming. The assumptions are where the problems lie, it isn’t a conspiracy, it’s false accounting by those peddling the theory.

1.2 million loans missed 3 payments, o.k, that’s 1.2 million repos. NO!, that’s potentially 1.2, but at no time in history did 100% of nods go not, even before bailouts, help for homeowners, loan mods, there was not a 100% nod to not. The 217k without a payment for a year, those are probably all going to end up repos, but how many of the 1.2 are doing it on purpose to get a loan mod, how many of the 1.7 million in the process will be sold as short sales. Do you realize that every short sale takes one away from these lists, check redfin who breaks out the shorts for you, shorts are a dominant force in the market now. Short sales are starting to go through, that is taking a serios bite out of the foreclose numbers.

Or you can get a tin foil hat and hang out with Micheal Jackson, but Santa Claus isn’t coming and neither is the Shadow Inventory.

The guys that put together the case/shiller charts have never been discredited to my knowlege, unlike the mr mortgages and peter schiffs of the world, until they screw up, their charts are legal tender in these parts.

[temeculaguy]

[quote=jameswenn]the 1.2, 1.5, and 217k, aren’t part of the inventory yet. So maybe they dind’t mention what’s actually in REO yet.[/quote]

Or 70 virgins just sounds better than 20 virgins, if you are going to make up numbers, might as well make up good ones.

I wouldn’t be cynical if I hadn’t been reading the same story for years, it chaps my ass even more because a few years ago I believed it. I should just smile and be slightly amused the way I am when 5 year olds talk about Santa Claus coming. The assumptions are where the problems lie, it isn’t a conspiracy, it’s false accounting by those peddling the theory.

1.2 million loans missed 3 payments, o.k, that’s 1.2 million repos. NO!, that’s potentially 1.2, but at no time in history did 100% of nods go not, even before bailouts, help for homeowners, loan mods, there was not a 100% nod to not. The 217k without a payment for a year, those are probably all going to end up repos, but how many of the 1.2 are doing it on purpose to get a loan mod, how many of the 1.7 million in the process will be sold as short sales. Do you realize that every short sale takes one away from these lists, check redfin who breaks out the shorts for you, shorts are a dominant force in the market now. Short sales are starting to go through, that is taking a serios bite out of the foreclose numbers.

Or you can get a tin foil hat and hang out with Micheal Jackson, but Santa Claus isn’t coming and neither is the Shadow Inventory.

The guys that put together the case/shiller charts have never been discredited to my knowlege, unlike the mr mortgages and peter schiffs of the world, until they screw up, their charts are legal tender in these parts.

[temeculaguy]

Perhaps my calculator is malfunctioning, but how does 1.2m + 1.5m + 217k = 7 million?

[temeculaguy]

Perhaps my calculator is malfunctioning, but how does 1.2m + 1.5m + 217k = 7 million?

[temeculaguy]

Perhaps my calculator is malfunctioning, but how does 1.2m + 1.5m + 217k = 7 million?

[temeculaguy]

Perhaps my calculator is malfunctioning, but how does 1.2m + 1.5m + 217k = 7 million?

[temeculaguy]

Perhaps my calculator is malfunctioning, but how does 1.2m + 1.5m + 217k = 7 million?

[temeculaguy]

[quote=desmond][quote=FormerSanDiegan][quote=temeculaguy]
If I predict that the house you are in will burn down and tell you to run to your neighbors house to be safe, then both your house and the neighbors house burn down, am I genius?[/quote]

Well said ![/quote]

Without all the government intervention he would have been right now, he will be right later.[/quote]

Desmond, that doesn’t make any sense. Government intervention prevented Peter from being right? Do you understand what the analogy was in reference to. Blaming governemnt intervention has become bear mantra that it used as an excuse for anything that doesn’t go as predicted. It is becoming as tired as “real estate never goes down” did during the boom, repeating cliches and plattitudes is not an argument.

Here in a nutshell is what Peter said:

Sell all your U.S. stocks and get rid of all your U.S. real estate and cash. Buy European and Asian stocks and currency because the U.S. will “decouple” from the rest of the world. The U.S. will have a recession while the rest of the world will not, the world doesn’t need the U.S.

Because a component of that thesis was correct doesn’t make it a good plan. It turned out the world went down with us, converting your holdings got you nowhere, the link to mich’s column showed that it actually did worse. In another analogy, someone predicted that ford stock would tank so they told you to sell your ford and buy Gm, turns out they both tanked and gm tanked worse, so you get no brownie points for calling the demise of ford stock because your advice offered no better and in some respects a worse return.

Now how did the government intervention tank the decoupling theory. Did Obama make the asian and euro markets go down?

[Author]

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