[temeculaguy]

I think the point of the article isn’t that the town will now expand and begin building, just that buyers are returning. It isn’t a revelation, drop the prices 50% to pre-bubble pricing and guess what? People will buy houses. Three demographics have caused the latest buying frenzy, those who were already here and were waiting it out, pre-retirees who wanted to trade down but didn’t want to go to another state because of family/grandkids and people who were frustrated waiting for S.D. and O.C. to get realistic and have jobs that don’t force them to commute daily or during rush hour. Buyers exist in every market and if you dangle sub 6% interest rates and 2001 prices in their face, they will buy. This valley fell on it’s face first, prices crashed first and recovery seems to have started first. They aren’t building anything that wasn’t aready started, most builders have slowed to a crawl or closed, the sales are just the repos and shorts.

There isn’t a housing crisis in So Cal, there is a pricing crisis. If you lower prices, houses sell, it’s just that simple.

I need to come up with a name for the post crash buyers, something like “price recasters” or “comp killers.” On my street and my cross street (who share a mailbox cluster) half of us bought repos and shorts post mid 2008 and there is an undeniable tension between the comp killers and the f%$#*% buyers who owe double what we paid. Two of my neighbors have not spoken to me since they found out what I paid, I’ll just have to wait six months for them to be replaced by new people, it’s like the invasion of the body snatchers, you wake each day to see who has been replaced. My neighborhood is more pronounced than most since it was built during the bubble, so every original owner paid peak prices and it’s fall was severe and highly publicized (national media used my development as an example of the crisis hitting high end homes back at the beginning when the media ran it’s first stories).

What’s next for the boomtown, nothing much, it will be good for the valley as a whole because people will have small mortgages that they qualified for and made downpayments on with fixed rates, the last of the sub primers are packing their things, it never became the section 8 nightmare that some predicted and life goes on.

[temeculaguy]

I think the point of the article isn’t that the town will now expand and begin building, just that buyers are returning. It isn’t a revelation, drop the prices 50% to pre-bubble pricing and guess what? People will buy houses. Three demographics have caused the latest buying frenzy, those who were already here and were waiting it out, pre-retirees who wanted to trade down but didn’t want to go to another state because of family/grandkids and people who were frustrated waiting for S.D. and O.C. to get realistic and have jobs that don’t force them to commute daily or during rush hour. Buyers exist in every market and if you dangle sub 6% interest rates and 2001 prices in their face, they will buy. This valley fell on it’s face first, prices crashed first and recovery seems to have started first. They aren’t building anything that wasn’t aready started, most builders have slowed to a crawl or closed, the sales are just the repos and shorts.

There isn’t a housing crisis in So Cal, there is a pricing crisis. If you lower prices, houses sell, it’s just that simple.

I need to come up with a name for the post crash buyers, something like “price recasters” or “comp killers.” On my street and my cross street (who share a mailbox cluster) half of us bought repos and shorts post mid 2008 and there is an undeniable tension between the comp killers and the f%$#*% buyers who owe double what we paid. Two of my neighbors have not spoken to me since they found out what I paid, I’ll just have to wait six months for them to be replaced by new people, it’s like the invasion of the body snatchers, you wake each day to see who has been replaced. My neighborhood is more pronounced than most since it was built during the bubble, so every original owner paid peak prices and it’s fall was severe and highly publicized (national media used my development as an example of the crisis hitting high end homes back at the beginning when the media ran it’s first stories).

What’s next for the boomtown, nothing much, it will be good for the valley as a whole because people will have small mortgages that they qualified for and made downpayments on with fixed rates, the last of the sub primers are packing their things, it never became the section 8 nightmare that some predicted and life goes on.

[temeculaguy]

I think the point of the article isn’t that the town will now expand and begin building, just that buyers are returning. It isn’t a revelation, drop the prices 50% to pre-bubble pricing and guess what? People will buy houses. Three demographics have caused the latest buying frenzy, those who were already here and were waiting it out, pre-retirees who wanted to trade down but didn’t want to go to another state because of family/grandkids and people who were frustrated waiting for S.D. and O.C. to get realistic and have jobs that don’t force them to commute daily or during rush hour. Buyers exist in every market and if you dangle sub 6% interest rates and 2001 prices in their face, they will buy. This valley fell on it’s face first, prices crashed first and recovery seems to have started first. They aren’t building anything that wasn’t aready started, most builders have slowed to a crawl or closed, the sales are just the repos and shorts.

There isn’t a housing crisis in So Cal, there is a pricing crisis. If you lower prices, houses sell, it’s just that simple.

I need to come up with a name for the post crash buyers, something like “price recasters” or “comp killers.” On my street and my cross street (who share a mailbox cluster) half of us bought repos and shorts post mid 2008 and there is an undeniable tension between the comp killers and the f%$#*% buyers who owe double what we paid. Two of my neighbors have not spoken to me since they found out what I paid, I’ll just have to wait six months for them to be replaced by new people, it’s like the invasion of the body snatchers, you wake each day to see who has been replaced. My neighborhood is more pronounced than most since it was built during the bubble, so every original owner paid peak prices and it’s fall was severe and highly publicized (national media used my development as an example of the crisis hitting high end homes back at the beginning when the media ran it’s first stories).

What’s next for the boomtown, nothing much, it will be good for the valley as a whole because people will have small mortgages that they qualified for and made downpayments on with fixed rates, the last of the sub primers are packing their things, it never became the section 8 nightmare that some predicted and life goes on.

[temeculaguy]

I think the point of the article isn’t that the town will now expand and begin building, just that buyers are returning. It isn’t a revelation, drop the prices 50% to pre-bubble pricing and guess what? People will buy houses. Three demographics have caused the latest buying frenzy, those who were already here and were waiting it out, pre-retirees who wanted to trade down but didn’t want to go to another state because of family/grandkids and people who were frustrated waiting for S.D. and O.C. to get realistic and have jobs that don’t force them to commute daily or during rush hour. Buyers exist in every market and if you dangle sub 6% interest rates and 2001 prices in their face, they will buy. This valley fell on it’s face first, prices crashed first and recovery seems to have started first. They aren’t building anything that wasn’t aready started, most builders have slowed to a crawl or closed, the sales are just the repos and shorts.

There isn’t a housing crisis in So Cal, there is a pricing crisis. If you lower prices, houses sell, it’s just that simple.

I need to come up with a name for the post crash buyers, something like “price recasters” or “comp killers.” On my street and my cross street (who share a mailbox cluster) half of us bought repos and shorts post mid 2008 and there is an undeniable tension between the comp killers and the f%$#*% buyers who owe double what we paid. Two of my neighbors have not spoken to me since they found out what I paid, I’ll just have to wait six months for them to be replaced by new people, it’s like the invasion of the body snatchers, you wake each day to see who has been replaced. My neighborhood is more pronounced than most since it was built during the bubble, so every original owner paid peak prices and it’s fall was severe and highly publicized (national media used my development as an example of the crisis hitting high end homes back at the beginning when the media ran it’s first stories).

What’s next for the boomtown, nothing much, it will be good for the valley as a whole because people will have small mortgages that they qualified for and made downpayments on with fixed rates, the last of the sub primers are packing their things, it never became the section 8 nightmare that some predicted and life goes on.

[temeculaguy]

Like many posters have already pointed out, I’m bullish when the buy/rent ratio is lined up. Once the buy/rent decision is a wash in your micro market, who the hell cares. We are getting close to the point to where no person in their right mind would buy and that is exactly the time to do so. Fortunes will not be made by positioning yourself into an investment that looks good to everyone, they will be made when the fundamentals are correct and the rest of the sheeple are too afraid. The outlying areas, I’m bullish now, the intermediate areas like north county inland and downtown are getting close, and the north county coastal/ 52 and 56 corridor, maybe another year, maybe never, the economic news is all bad and those areas are still defying gravity, much to the dismay of half of this site.

[temeculaguy]

Like many posters have already pointed out, I’m bullish when the buy/rent ratio is lined up. Once the buy/rent decision is a wash in your micro market, who the hell cares. We are getting close to the point to where no person in their right mind would buy and that is exactly the time to do so. Fortunes will not be made by positioning yourself into an investment that looks good to everyone, they will be made when the fundamentals are correct and the rest of the sheeple are too afraid. The outlying areas, I’m bullish now, the intermediate areas like north county inland and downtown are getting close, and the north county coastal/ 52 and 56 corridor, maybe another year, maybe never, the economic news is all bad and those areas are still defying gravity, much to the dismay of half of this site.

[temeculaguy]

Like many posters have already pointed out, I’m bullish when the buy/rent ratio is lined up. Once the buy/rent decision is a wash in your micro market, who the hell cares. We are getting close to the point to where no person in their right mind would buy and that is exactly the time to do so. Fortunes will not be made by positioning yourself into an investment that looks good to everyone, they will be made when the fundamentals are correct and the rest of the sheeple are too afraid. The outlying areas, I’m bullish now, the intermediate areas like north county inland and downtown are getting close, and the north county coastal/ 52 and 56 corridor, maybe another year, maybe never, the economic news is all bad and those areas are still defying gravity, much to the dismay of half of this site.

[temeculaguy]

Like many posters have already pointed out, I’m bullish when the buy/rent ratio is lined up. Once the buy/rent decision is a wash in your micro market, who the hell cares. We are getting close to the point to where no person in their right mind would buy and that is exactly the time to do so. Fortunes will not be made by positioning yourself into an investment that looks good to everyone, they will be made when the fundamentals are correct and the rest of the sheeple are too afraid. The outlying areas, I’m bullish now, the intermediate areas like north county inland and downtown are getting close, and the north county coastal/ 52 and 56 corridor, maybe another year, maybe never, the economic news is all bad and those areas are still defying gravity, much to the dismay of half of this site.

[temeculaguy]

Like many posters have already pointed out, I’m bullish when the buy/rent ratio is lined up. Once the buy/rent decision is a wash in your micro market, who the hell cares. We are getting close to the point to where no person in their right mind would buy and that is exactly the time to do so. Fortunes will not be made by positioning yourself into an investment that looks good to everyone, they will be made when the fundamentals are correct and the rest of the sheeple are too afraid. The outlying areas, I’m bullish now, the intermediate areas like north county inland and downtown are getting close, and the north county coastal/ 52 and 56 corridor, maybe another year, maybe never, the economic news is all bad and those areas are still defying gravity, much to the dismay of half of this site.

[temeculaguy]

The Wealth of Nations- Adam Smith, 1776

The one book every author above has read and was influenced by. Before you read an opinion about the system, read the framework. Still relevent today, not in specific ways but in concept. Some things never change and having his teachings reside in the back of your head will allow you to see through things.

While most of us were forced to read it as part of econ 101, rereading it as an adult and at your leisure makes it a different book entirely.

[temeculaguy]

The Wealth of Nations- Adam Smith, 1776

The one book every author above has read and was influenced by. Before you read an opinion about the system, read the framework. Still relevent today, not in specific ways but in concept. Some things never change and having his teachings reside in the back of your head will allow you to see through things.

While most of us were forced to read it as part of econ 101, rereading it as an adult and at your leisure makes it a different book entirely.

[temeculaguy]

The Wealth of Nations- Adam Smith, 1776

The one book every author above has read and was influenced by. Before you read an opinion about the system, read the framework. Still relevent today, not in specific ways but in concept. Some things never change and having his teachings reside in the back of your head will allow you to see through things.

While most of us were forced to read it as part of econ 101, rereading it as an adult and at your leisure makes it a different book entirely.

[temeculaguy]

The Wealth of Nations- Adam Smith, 1776

The one book every author above has read and was influenced by. Before you read an opinion about the system, read the framework. Still relevent today, not in specific ways but in concept. Some things never change and having his teachings reside in the back of your head will allow you to see through things.

While most of us were forced to read it as part of econ 101, rereading it as an adult and at your leisure makes it a different book entirely.

[temeculaguy]

The Wealth of Nations- Adam Smith, 1776

The one book every author above has read and was influenced by. Before you read an opinion about the system, read the framework. Still relevent today, not in specific ways but in concept. Some things never change and having his teachings reside in the back of your head will allow you to see through things.

While most of us were forced to read it as part of econ 101, rereading it as an adult and at your leisure makes it a different book entirely.

[temeculaguy]

Cardiff, I too am a Browns fan first, but there will be no matchup between the Browns and the Chargers this year so I am free to root for the Chargers. Next year we will have a new coach and new hope, something we are accustomed to along with losing since marty left. Personally I think shannahan would be the best fit but they still aren’t asking my opinion despite my prowess.

sdr, your eagles (iggles) did well, you gotta be happy and if I were you I would prefer the chargers to the ravens in the superbowl, the chargers match up well with the ravens, the eagles don’t, they match up better with the chargers. Donovan is too old to be on his ass all day, rivers doesn’t care about pressure and the ravens bring it like no other. They took four picks off pennington who had the lowest number of picks of all qbacks, 7 on the year, 4 against the ravens. Their dbacks are wicked and donovan can get sloppy, they will tear him up, you gotta root for anyone playing the ravens if you want a ring. You need to get on the local bandwagon.

Greekfire, my mentioning Norv outcoaching Dungy was a bit sarcastic, search old threads. For years I have been Norv’s harshest critic and i have tremendous respect for Dungy, but on this day, as allan always says, the chargers wanted it more, norv didn’t screw it up so i have to give him some credit. He wins, I lose, since I have called for his head on a stick since he got the job, I still think Ron Rivera and Mike Scifres did all the heavy lifting, but I digress.

God i love this time of year, chargers win in the playoffs, lakers win and the celtics, magic and the cavs lose today, what a weekend.

[Author]

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