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June 9, 2009 at 1:27 PM in reply to: Predictions on when it will become easier/cheaper to buy a house? #412954June 9, 2009 at 1:27 PM in reply to: Predictions on when it will become easier/cheaper to buy a house? #413199
temeculaguy
Participantsduuude’s intuition is probably correct and so is his analytical side. Since the majority of the market is not organic listings, they did not show up when the seasonal demand did, especially in family neighborhoods where people like to buy in spring and move in summer. The repos will list in fall and winter at the same rate as spring but the buyers will be fewer. In past makets, both sellers and buyers had the same seasonal psychology, this is different, wait for fall/winter. In some parts of S.D. it will take till fall/winter of 2010 for the pain train to reach it.
Then there is the painful truth that some parts of s.d. will always cost more than others. In your shopping, if you see houses that are overpriced and you zillow a few model matches to determine the 2001-2003 price and it’s still too much, time to put the kids in the car and find another area. Carlsbad will not reach Santee’s pre bubble price, it will reach Carlsbad’s pre bubble price. If the pad you like needs to revert to it’s 1980’s price, no amount of patience will serve you.
June 9, 2009 at 1:27 PM in reply to: Predictions on when it will become easier/cheaper to buy a house? #413266Participantsduuude’s intuition is probably correct and so is his analytical side. Since the majority of the market is not organic listings, they did not show up when the seasonal demand did, especially in family neighborhoods where people like to buy in spring and move in summer. The repos will list in fall and winter at the same rate as spring but the buyers will be fewer. In past makets, both sellers and buyers had the same seasonal psychology, this is different, wait for fall/winter. In some parts of S.D. it will take till fall/winter of 2010 for the pain train to reach it.
Then there is the painful truth that some parts of s.d. will always cost more than others. In your shopping, if you see houses that are overpriced and you zillow a few model matches to determine the 2001-2003 price and it’s still too much, time to put the kids in the car and find another area. Carlsbad will not reach Santee’s pre bubble price, it will reach Carlsbad’s pre bubble price. If the pad you like needs to revert to it’s 1980’s price, no amount of patience will serve you.
June 9, 2009 at 1:27 PM in reply to: Predictions on when it will become easier/cheaper to buy a house? #413411Participantsduuude’s intuition is probably correct and so is his analytical side. Since the majority of the market is not organic listings, they did not show up when the seasonal demand did, especially in family neighborhoods where people like to buy in spring and move in summer. The repos will list in fall and winter at the same rate as spring but the buyers will be fewer. In past makets, both sellers and buyers had the same seasonal psychology, this is different, wait for fall/winter. In some parts of S.D. it will take till fall/winter of 2010 for the pain train to reach it.
Then there is the painful truth that some parts of s.d. will always cost more than others. In your shopping, if you see houses that are overpriced and you zillow a few model matches to determine the 2001-2003 price and it’s still too much, time to put the kids in the car and find another area. Carlsbad will not reach Santee’s pre bubble price, it will reach Carlsbad’s pre bubble price. If the pad you like needs to revert to it’s 1980’s price, no amount of patience will serve you.
ParticipantI don’t understand the FDIC stats so I can’t use them. Are they cumulative? Are they national? If something is 150 billion in 2008 and 160 billion in 2009, was there an additional 10 billion or 160 billion of new nonperforming assets. Since I can’t answer that question, even by visiting the website linked I don’t know how to interpret it.
BTW, none of this had to do with my hood, why you going there, again. I read the tea leaves, they are giving me conflicting signs, we got the owner of one of the biggest data sites to post and I wanted to ask some questions, that’t it. Your arguments are stuck in 2007, I made them then, pay very close attention, things can shift, they may very well be shifting, put that hammer away and you might see more than just nails sticking out.
ParticipantI don’t understand the FDIC stats so I can’t use them. Are they cumulative? Are they national? If something is 150 billion in 2008 and 160 billion in 2009, was there an additional 10 billion or 160 billion of new nonperforming assets. Since I can’t answer that question, even by visiting the website linked I don’t know how to interpret it.
BTW, none of this had to do with my hood, why you going there, again. I read the tea leaves, they are giving me conflicting signs, we got the owner of one of the biggest data sites to post and I wanted to ask some questions, that’t it. Your arguments are stuck in 2007, I made them then, pay very close attention, things can shift, they may very well be shifting, put that hammer away and you might see more than just nails sticking out.
ParticipantI don’t understand the FDIC stats so I can’t use them. Are they cumulative? Are they national? If something is 150 billion in 2008 and 160 billion in 2009, was there an additional 10 billion or 160 billion of new nonperforming assets. Since I can’t answer that question, even by visiting the website linked I don’t know how to interpret it.
BTW, none of this had to do with my hood, why you going there, again. I read the tea leaves, they are giving me conflicting signs, we got the owner of one of the biggest data sites to post and I wanted to ask some questions, that’t it. Your arguments are stuck in 2007, I made them then, pay very close attention, things can shift, they may very well be shifting, put that hammer away and you might see more than just nails sticking out.
ParticipantI don’t understand the FDIC stats so I can’t use them. Are they cumulative? Are they national? If something is 150 billion in 2008 and 160 billion in 2009, was there an additional 10 billion or 160 billion of new nonperforming assets. Since I can’t answer that question, even by visiting the website linked I don’t know how to interpret it.
BTW, none of this had to do with my hood, why you going there, again. I read the tea leaves, they are giving me conflicting signs, we got the owner of one of the biggest data sites to post and I wanted to ask some questions, that’t it. Your arguments are stuck in 2007, I made them then, pay very close attention, things can shift, they may very well be shifting, put that hammer away and you might see more than just nails sticking out.
ParticipantI don’t understand the FDIC stats so I can’t use them. Are they cumulative? Are they national? If something is 150 billion in 2008 and 160 billion in 2009, was there an additional 10 billion or 160 billion of new nonperforming assets. Since I can’t answer that question, even by visiting the website linked I don’t know how to interpret it.
BTW, none of this had to do with my hood, why you going there, again. I read the tea leaves, they are giving me conflicting signs, we got the owner of one of the biggest data sites to post and I wanted to ask some questions, that’t it. Your arguments are stuck in 2007, I made them then, pay very close attention, things can shift, they may very well be shifting, put that hammer away and you might see more than just nails sticking out.
ParticipantSean, you threw your credentials down so I’m gonna take the opportunity to ask a burning question. BTW, nice to see a celeb in the house, welcome.
What steps does your site take to remove listings (be they nod, not or bank owned)? We have had many a discussion on the boards about using sites like yours for stats as opposed to leads. It has been my position that data sites like yours take a bit of a shotgun approach, throw a lot of raw data at you, and it is up to the viewer to sift through it, chase a few down and hopefully find their pot of gold. Others seem to think that the raw numbers of nods and nots can be used as hard statsitics regarding foreclosures. I have found many listings that were already sold, modified loans or whatever method of removing themselves from the foreclosure process but they still show up on the maps (I’m generalizing the various sites but have found it on yours as well).
Don’t take this as an attack, it isn’t meant to be one, I personally bought a house recently using the “stalking” method facilitated by your website, but through that journey I found many irregularities and errors that I don’t think your site or those like it should be used for it’s statistics, but rather for the raw data that you collect and organize as a way to get ahead of the game in a purchase strategy.
here is an example of one of the recent discussions when someone used data from your site to create a thesis. Please excuse my tounge and cheek humor, if you were a reguler here you would know that I am to taken with a grain of salt and sometimes a parental guidance warning.
ParticipantSean, you threw your credentials down so I’m gonna take the opportunity to ask a burning question. BTW, nice to see a celeb in the house, welcome.
What steps does your site take to remove listings (be they nod, not or bank owned)? We have had many a discussion on the boards about using sites like yours for stats as opposed to leads. It has been my position that data sites like yours take a bit of a shotgun approach, throw a lot of raw data at you, and it is up to the viewer to sift through it, chase a few down and hopefully find their pot of gold. Others seem to think that the raw numbers of nods and nots can be used as hard statsitics regarding foreclosures. I have found many listings that were already sold, modified loans or whatever method of removing themselves from the foreclosure process but they still show up on the maps (I’m generalizing the various sites but have found it on yours as well).
Don’t take this as an attack, it isn’t meant to be one, I personally bought a house recently using the “stalking” method facilitated by your website, but through that journey I found many irregularities and errors that I don’t think your site or those like it should be used for it’s statistics, but rather for the raw data that you collect and organize as a way to get ahead of the game in a purchase strategy.
here is an example of one of the recent discussions when someone used data from your site to create a thesis. Please excuse my tounge and cheek humor, if you were a reguler here you would know that I am to taken with a grain of salt and sometimes a parental guidance warning.
ParticipantSean, you threw your credentials down so I’m gonna take the opportunity to ask a burning question. BTW, nice to see a celeb in the house, welcome.
What steps does your site take to remove listings (be they nod, not or bank owned)? We have had many a discussion on the boards about using sites like yours for stats as opposed to leads. It has been my position that data sites like yours take a bit of a shotgun approach, throw a lot of raw data at you, and it is up to the viewer to sift through it, chase a few down and hopefully find their pot of gold. Others seem to think that the raw numbers of nods and nots can be used as hard statsitics regarding foreclosures. I have found many listings that were already sold, modified loans or whatever method of removing themselves from the foreclosure process but they still show up on the maps (I’m generalizing the various sites but have found it on yours as well).
Don’t take this as an attack, it isn’t meant to be one, I personally bought a house recently using the “stalking” method facilitated by your website, but through that journey I found many irregularities and errors that I don’t think your site or those like it should be used for it’s statistics, but rather for the raw data that you collect and organize as a way to get ahead of the game in a purchase strategy.
here is an example of one of the recent discussions when someone used data from your site to create a thesis. Please excuse my tounge and cheek humor, if you were a reguler here you would know that I am to taken with a grain of salt and sometimes a parental guidance warning.
ParticipantSean, you threw your credentials down so I’m gonna take the opportunity to ask a burning question. BTW, nice to see a celeb in the house, welcome.
What steps does your site take to remove listings (be they nod, not or bank owned)? We have had many a discussion on the boards about using sites like yours for stats as opposed to leads. It has been my position that data sites like yours take a bit of a shotgun approach, throw a lot of raw data at you, and it is up to the viewer to sift through it, chase a few down and hopefully find their pot of gold. Others seem to think that the raw numbers of nods and nots can be used as hard statsitics regarding foreclosures. I have found many listings that were already sold, modified loans or whatever method of removing themselves from the foreclosure process but they still show up on the maps (I’m generalizing the various sites but have found it on yours as well).
Don’t take this as an attack, it isn’t meant to be one, I personally bought a house recently using the “stalking” method facilitated by your website, but through that journey I found many irregularities and errors that I don’t think your site or those like it should be used for it’s statistics, but rather for the raw data that you collect and organize as a way to get ahead of the game in a purchase strategy.
here is an example of one of the recent discussions when someone used data from your site to create a thesis. Please excuse my tounge and cheek humor, if you were a reguler here you would know that I am to taken with a grain of salt and sometimes a parental guidance warning.
ParticipantSean, you threw your credentials down so I’m gonna take the opportunity to ask a burning question. BTW, nice to see a celeb in the house, welcome.
What steps does your site take to remove listings (be they nod, not or bank owned)? We have had many a discussion on the boards about using sites like yours for stats as opposed to leads. It has been my position that data sites like yours take a bit of a shotgun approach, throw a lot of raw data at you, and it is up to the viewer to sift through it, chase a few down and hopefully find their pot of gold. Others seem to think that the raw numbers of nods and nots can be used as hard statsitics regarding foreclosures. I have found many listings that were already sold, modified loans or whatever method of removing themselves from the foreclosure process but they still show up on the maps (I’m generalizing the various sites but have found it on yours as well).
Don’t take this as an attack, it isn’t meant to be one, I personally bought a house recently using the “stalking” method facilitated by your website, but through that journey I found many irregularities and errors that I don’t think your site or those like it should be used for it’s statistics, but rather for the raw data that you collect and organize as a way to get ahead of the game in a purchase strategy.
here is an example of one of the recent discussions when someone used data from your site to create a thesis. Please excuse my tounge and cheek humor, if you were a reguler here you would know that I am to taken with a grain of salt and sometimes a parental guidance warning.
ParticipantIn order for the bank to approve a short sale, a few things need to happen. The most important one for you is that it needs to be listed to the public at the lower price. The bank wont to a backdoor short, menaing that you and only you have the opportunity to bid at the lower price.
If they do a short, then a BPO (somewhat of an appraisal) is done, a price is determined, it gets listed, offers come in, the highest net offer is selected and then maybe they will take it. But backdoor shorts are somewhat forbidden, if they weren’t, people would sell short to each other or to their friends or just play, let’s trade houses for half price. It would be the swingers equivalent of real estate, except swapping houses instead of wives, actually I think I’m onto something, what if the wife stays with the house, I think I’ve got the next hit reality tv show “the desperate short sale housewives,” It could work, I’ve seen worse.
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