[temeculaguy]

dude, enough with the faulty data, my fingers are tired from typing all the problems with realty trac, it’s a scam.

http://piggington.com/business_data_point_in_temecula#comment-115805

Try it, look at the realty trac map, then compare it with a redfin map, pick a street with a bank owned or two on realty trac but not on redfin, make it a small street with just a couple of houses on it, then drive over there and knock on the doors. Realty trac will be wrong more often than not

[temeculaguy]

dude, enough with the faulty data, my fingers are tired from typing all the problems with realty trac, it’s a scam.

http://piggington.com/business_data_point_in_temecula#comment-115805

Try it, look at the realty trac map, then compare it with a redfin map, pick a street with a bank owned or two on realty trac but not on redfin, make it a small street with just a couple of houses on it, then drive over there and knock on the doors. Realty trac will be wrong more often than not

[temeculaguy]

dude, enough with the faulty data, my fingers are tired from typing all the problems with realty trac, it’s a scam.

http://piggington.com/business_data_point_in_temecula#comment-115805

Try it, look at the realty trac map, then compare it with a redfin map, pick a street with a bank owned or two on realty trac but not on redfin, make it a small street with just a couple of houses on it, then drive over there and knock on the doors. Realty trac will be wrong more often than not

[temeculaguy]

dude, enough with the faulty data, my fingers are tired from typing all the problems with realty trac, it’s a scam.

http://piggington.com/business_data_point_in_temecula#comment-115805

Try it, look at the realty trac map, then compare it with a redfin map, pick a street with a bank owned or two on realty trac but not on redfin, make it a small street with just a couple of houses on it, then drive over there and knock on the doors. Realty trac will be wrong more often than not

[temeculaguy]

I read some other articles and it doesn’t need to be fresh water, Saltwater, wastewater, brackish, it just need to be liquid. And the water is not destroyed in the process so it can be re-used.

But like AN pointed out, it would not ideally be a San Diego thing, there are plenty of places in the U.S. where they have lots of water, it literally falls out of the sky.

[temeculaguy]

I read some other articles and it doesn’t need to be fresh water, Saltwater, wastewater, brackish, it just need to be liquid. And the water is not destroyed in the process so it can be re-used.

But like AN pointed out, it would not ideally be a San Diego thing, there are plenty of places in the U.S. where they have lots of water, it literally falls out of the sky.

[temeculaguy]

I read some other articles and it doesn’t need to be fresh water, Saltwater, wastewater, brackish, it just need to be liquid. And the water is not destroyed in the process so it can be re-used.

But like AN pointed out, it would not ideally be a San Diego thing, there are plenty of places in the U.S. where they have lots of water, it literally falls out of the sky.

[temeculaguy]

I read some other articles and it doesn’t need to be fresh water, Saltwater, wastewater, brackish, it just need to be liquid. And the water is not destroyed in the process so it can be re-used.

But like AN pointed out, it would not ideally be a San Diego thing, there are plenty of places in the U.S. where they have lots of water, it literally falls out of the sky.

[temeculaguy]

I read some other articles and it doesn’t need to be fresh water, Saltwater, wastewater, brackish, it just need to be liquid. And the water is not destroyed in the process so it can be re-used.

But like AN pointed out, it would not ideally be a San Diego thing, there are plenty of places in the U.S. where they have lots of water, it literally falls out of the sky.

[temeculaguy]

Realty Trac blows, foreclosure.com is better because it gives you the name of the person and then you can go here

http://www.enetwizard.com/shop/affiliates/11467_01/pre.asp

and run the person by name in the county records, you want to be a real stalker, you gotta go deeper than realty trac or any r/e tracking site because they don’t undo what they list. even foreclosure.com is weak when it comes to eliminating bad data. Both sites still list my pad. One has it as bank owned and one as a pre-foreclousre. I bought in four months ago. Realty also lists every loan that has gone bad, a bunch that I looked at are 10k, so they are seconds or other types of loans, it’s misleading in a way to make you subscribe. I also checked all the realty trac hits for my neighbors, it lists houses as bank owned since August, but those sold months ago, I’ve met the new owners. I also looked at three houses I was outbid on in August, September and October of last year, guess what, they still have them listed but the new owners have moved in.

If you run preforeclosure on forclosure .com and get the name of the borrower, then run a grantee search, you can see the actual notices recorded with the county and you can see something else, the “cancel notice of default” entries, something the data selling websites usually ignore. You can run a GIS online for free on the street and confirm which house it is, then check the property taxes as well, this is all free and all online. But then again you saw a map on realty trac so you must be right. Realty trac also listed two bank owned on my parent’s street, but those sold in one day more than six months ago, they have been off the mls for months, for some reason they still appear on the map. If I paid a membership and found out that most of the bank owned listing had been sold, I’d be pissed.

Just so you know, it has looked like that or worse in years past around here on that site, I gave up on realty trac, i use foreclosure as more of a data starting point but they don’t personally look at the data, they download it, I’ve looked at it personally and it doesn’t jive most of the time.

I don’t worry about people who listen to me and I’m not selling anything, it’s opinion, Look at the other thread about “dow 4,000” if they had followed what I wrote on that one they would have doubled their money. My opinion about the current climate is one based on my experience, not a bad map from someone trying to sell you a subscription.

You are the “voice of reason” and I am the “ultra cheerleader” whatever!

[temeculaguy]

Realty Trac blows, foreclosure.com is better because it gives you the name of the person and then you can go here

http://www.enetwizard.com/shop/affiliates/11467_01/pre.asp

and run the person by name in the county records, you want to be a real stalker, you gotta go deeper than realty trac or any r/e tracking site because they don’t undo what they list. even foreclosure.com is weak when it comes to eliminating bad data. Both sites still list my pad. One has it as bank owned and one as a pre-foreclousre. I bought in four months ago. Realty also lists every loan that has gone bad, a bunch that I looked at are 10k, so they are seconds or other types of loans, it’s misleading in a way to make you subscribe. I also checked all the realty trac hits for my neighbors, it lists houses as bank owned since August, but those sold months ago, I’ve met the new owners. I also looked at three houses I was outbid on in August, September and October of last year, guess what, they still have them listed but the new owners have moved in.

If you run preforeclosure on forclosure .com and get the name of the borrower, then run a grantee search, you can see the actual notices recorded with the county and you can see something else, the “cancel notice of default” entries, something the data selling websites usually ignore. You can run a GIS online for free on the street and confirm which house it is, then check the property taxes as well, this is all free and all online. But then again you saw a map on realty trac so you must be right. Realty trac also listed two bank owned on my parent’s street, but those sold in one day more than six months ago, they have been off the mls for months, for some reason they still appear on the map. If I paid a membership and found out that most of the bank owned listing had been sold, I’d be pissed.

Just so you know, it has looked like that or worse in years past around here on that site, I gave up on realty trac, i use foreclosure as more of a data starting point but they don’t personally look at the data, they download it, I’ve looked at it personally and it doesn’t jive most of the time.

I don’t worry about people who listen to me and I’m not selling anything, it’s opinion, Look at the other thread about “dow 4,000” if they had followed what I wrote on that one they would have doubled their money. My opinion about the current climate is one based on my experience, not a bad map from someone trying to sell you a subscription.

You are the “voice of reason” and I am the “ultra cheerleader” whatever!

[temeculaguy]

Realty Trac blows, foreclosure.com is better because it gives you the name of the person and then you can go here

http://www.enetwizard.com/shop/affiliates/11467_01/pre.asp

and run the person by name in the county records, you want to be a real stalker, you gotta go deeper than realty trac or any r/e tracking site because they don’t undo what they list. even foreclosure.com is weak when it comes to eliminating bad data. Both sites still list my pad. One has it as bank owned and one as a pre-foreclousre. I bought in four months ago. Realty also lists every loan that has gone bad, a bunch that I looked at are 10k, so they are seconds or other types of loans, it’s misleading in a way to make you subscribe. I also checked all the realty trac hits for my neighbors, it lists houses as bank owned since August, but those sold months ago, I’ve met the new owners. I also looked at three houses I was outbid on in August, September and October of last year, guess what, they still have them listed but the new owners have moved in.

If you run preforeclosure on forclosure .com and get the name of the borrower, then run a grantee search, you can see the actual notices recorded with the county and you can see something else, the “cancel notice of default” entries, something the data selling websites usually ignore. You can run a GIS online for free on the street and confirm which house it is, then check the property taxes as well, this is all free and all online. But then again you saw a map on realty trac so you must be right. Realty trac also listed two bank owned on my parent’s street, but those sold in one day more than six months ago, they have been off the mls for months, for some reason they still appear on the map. If I paid a membership and found out that most of the bank owned listing had been sold, I’d be pissed.

Just so you know, it has looked like that or worse in years past around here on that site, I gave up on realty trac, i use foreclosure as more of a data starting point but they don’t personally look at the data, they download it, I’ve looked at it personally and it doesn’t jive most of the time.

I don’t worry about people who listen to me and I’m not selling anything, it’s opinion, Look at the other thread about “dow 4,000” if they had followed what I wrote on that one they would have doubled their money. My opinion about the current climate is one based on my experience, not a bad map from someone trying to sell you a subscription.

You are the “voice of reason” and I am the “ultra cheerleader” whatever!

[temeculaguy]

Realty Trac blows, foreclosure.com is better because it gives you the name of the person and then you can go here

http://www.enetwizard.com/shop/affiliates/11467_01/pre.asp

and run the person by name in the county records, you want to be a real stalker, you gotta go deeper than realty trac or any r/e tracking site because they don’t undo what they list. even foreclosure.com is weak when it comes to eliminating bad data. Both sites still list my pad. One has it as bank owned and one as a pre-foreclousre. I bought in four months ago. Realty also lists every loan that has gone bad, a bunch that I looked at are 10k, so they are seconds or other types of loans, it’s misleading in a way to make you subscribe. I also checked all the realty trac hits for my neighbors, it lists houses as bank owned since August, but those sold months ago, I’ve met the new owners. I also looked at three houses I was outbid on in August, September and October of last year, guess what, they still have them listed but the new owners have moved in.

If you run preforeclosure on forclosure .com and get the name of the borrower, then run a grantee search, you can see the actual notices recorded with the county and you can see something else, the “cancel notice of default” entries, something the data selling websites usually ignore. You can run a GIS online for free on the street and confirm which house it is, then check the property taxes as well, this is all free and all online. But then again you saw a map on realty trac so you must be right. Realty trac also listed two bank owned on my parent’s street, but those sold in one day more than six months ago, they have been off the mls for months, for some reason they still appear on the map. If I paid a membership and found out that most of the bank owned listing had been sold, I’d be pissed.

Just so you know, it has looked like that or worse in years past around here on that site, I gave up on realty trac, i use foreclosure as more of a data starting point but they don’t personally look at the data, they download it, I’ve looked at it personally and it doesn’t jive most of the time.

I don’t worry about people who listen to me and I’m not selling anything, it’s opinion, Look at the other thread about “dow 4,000” if they had followed what I wrote on that one they would have doubled their money. My opinion about the current climate is one based on my experience, not a bad map from someone trying to sell you a subscription.

You are the “voice of reason” and I am the “ultra cheerleader” whatever!

[temeculaguy]

Realty Trac blows, foreclosure.com is better because it gives you the name of the person and then you can go here

http://www.enetwizard.com/shop/affiliates/11467_01/pre.asp

and run the person by name in the county records, you want to be a real stalker, you gotta go deeper than realty trac or any r/e tracking site because they don’t undo what they list. even foreclosure.com is weak when it comes to eliminating bad data. Both sites still list my pad. One has it as bank owned and one as a pre-foreclousre. I bought in four months ago. Realty also lists every loan that has gone bad, a bunch that I looked at are 10k, so they are seconds or other types of loans, it’s misleading in a way to make you subscribe. I also checked all the realty trac hits for my neighbors, it lists houses as bank owned since August, but those sold months ago, I’ve met the new owners. I also looked at three houses I was outbid on in August, September and October of last year, guess what, they still have them listed but the new owners have moved in.

If you run preforeclosure on forclosure .com and get the name of the borrower, then run a grantee search, you can see the actual notices recorded with the county and you can see something else, the “cancel notice of default” entries, something the data selling websites usually ignore. You can run a GIS online for free on the street and confirm which house it is, then check the property taxes as well, this is all free and all online. But then again you saw a map on realty trac so you must be right. Realty trac also listed two bank owned on my parent’s street, but those sold in one day more than six months ago, they have been off the mls for months, for some reason they still appear on the map. If I paid a membership and found out that most of the bank owned listing had been sold, I’d be pissed.

Just so you know, it has looked like that or worse in years past around here on that site, I gave up on realty trac, i use foreclosure as more of a data starting point but they don’t personally look at the data, they download it, I’ve looked at it personally and it doesn’t jive most of the time.

I don’t worry about people who listen to me and I’m not selling anything, it’s opinion, Look at the other thread about “dow 4,000” if they had followed what I wrote on that one they would have doubled their money. My opinion about the current climate is one based on my experience, not a bad map from someone trying to sell you a subscription.

You are the “voice of reason” and I am the “ultra cheerleader” whatever!

[temeculaguy]

[quote=Russell]Temeculaguy,
If you are right about the bottom in Temecula, you might want to remember this thread? For practical purposes the “bottom” is when net benefit from a well negotiated purchase approximates optimal benefits compared to other entry points for the same target property.
[/quote]

Thanks for digging this one up, it was fun to read and I researched some of the properties and comps for the places we talked about. Matt was right about the mid level paloma property hitting 160k, not that exact one but similars and model matches did. This caused me to look up my first house in town, which was similar and in a similar neighborhood. I couldn’t find a model match listed or recently sold so I used my old next door neighbors house and it was telling. He has a 1850 sq ft sfr on a big lot that he paid 165k for in 1992. Interest rates were something like 8% back then (I went to a website with historical interest rates and it said 9% but some reason I remember 8%, maybe that was with points, I was young and dumb, I don’t remember). He had a VA zero down loan. I found a bunch of model matches and recent closings for 200-220.

Just for fun, I ran the P&I on 165 at 8% and it is 1,210. Then I ran 220 at 5% and it turns out it is lower, 1,181. I’m guessing at the rate he had but it’s in the wheelhouse of what it was and that 220 is on the high side or the asking price side. The point is, the payment is 1992, not in inflation adjusted dollars but in real dollars, my hourly pay is almost 5 times what is was when I bought that first house and I could buy it today for the same payment, you only need about about 65k income to qualify for that house and it is a decent sized sfr. In those days I bought that house because I could afford it and it wasn’t much more than I was paying in rent, that’s what most people do, they aren’t like us, they don’t read global economic analysis, they think about it for ten minutes and if it makes sense to them, they do it, affordability matters. That is why I called bottom for this area.

[Author]

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