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August 14, 2008 at 10:11 AM in reply to: RealtyTrac- US foreclosure filings surge 55 percent #257002August 14, 2008 at 10:11 AM in reply to: RealtyTrac- US foreclosure filings surge 55 percent #257004
temeculaguy
ParticipantI focused on the same thing when I read this article on cnbc, the days of shadow inventory are about to end. If fannie/freddie dump their inventory, we will definately see some price drops.
August 14, 2008 at 10:11 AM in reply to: RealtyTrac- US foreclosure filings surge 55 percent #257063temeculaguy
ParticipantI focused on the same thing when I read this article on cnbc, the days of shadow inventory are about to end. If fannie/freddie dump their inventory, we will definately see some price drops.
August 14, 2008 at 10:11 AM in reply to: RealtyTrac- US foreclosure filings surge 55 percent #257111temeculaguy
ParticipantI focused on the same thing when I read this article on cnbc, the days of shadow inventory are about to end. If fannie/freddie dump their inventory, we will definately see some price drops.
temeculaguy
ParticipantIf your estimate is that the value drops 5k a month, then hope and pray they take their sweet time in getting back to you, if it takes four months, you will save 20k. One realtor told me that when they list a short and it is low price leader, multiple buyers submit offers. By the time the bank responds, the prices have shifted and they buyers all balk. With shorts they aren’t bound by the offer. Then they modify the listing and advertise an “accepted price” and new buyers try to lowball that price, causing more delays. The banks are hurting themselves by moving slow in a rapidly decreasing market.
temeculaguy
ParticipantIf your estimate is that the value drops 5k a month, then hope and pray they take their sweet time in getting back to you, if it takes four months, you will save 20k. One realtor told me that when they list a short and it is low price leader, multiple buyers submit offers. By the time the bank responds, the prices have shifted and they buyers all balk. With shorts they aren’t bound by the offer. Then they modify the listing and advertise an “accepted price” and new buyers try to lowball that price, causing more delays. The banks are hurting themselves by moving slow in a rapidly decreasing market.
temeculaguy
ParticipantIf your estimate is that the value drops 5k a month, then hope and pray they take their sweet time in getting back to you, if it takes four months, you will save 20k. One realtor told me that when they list a short and it is low price leader, multiple buyers submit offers. By the time the bank responds, the prices have shifted and they buyers all balk. With shorts they aren’t bound by the offer. Then they modify the listing and advertise an “accepted price” and new buyers try to lowball that price, causing more delays. The banks are hurting themselves by moving slow in a rapidly decreasing market.
temeculaguy
ParticipantIf your estimate is that the value drops 5k a month, then hope and pray they take their sweet time in getting back to you, if it takes four months, you will save 20k. One realtor told me that when they list a short and it is low price leader, multiple buyers submit offers. By the time the bank responds, the prices have shifted and they buyers all balk. With shorts they aren’t bound by the offer. Then they modify the listing and advertise an “accepted price” and new buyers try to lowball that price, causing more delays. The banks are hurting themselves by moving slow in a rapidly decreasing market.
temeculaguy
ParticipantIf your estimate is that the value drops 5k a month, then hope and pray they take their sweet time in getting back to you, if it takes four months, you will save 20k. One realtor told me that when they list a short and it is low price leader, multiple buyers submit offers. By the time the bank responds, the prices have shifted and they buyers all balk. With shorts they aren’t bound by the offer. Then they modify the listing and advertise an “accepted price” and new buyers try to lowball that price, causing more delays. The banks are hurting themselves by moving slow in a rapidly decreasing market.
temeculaguy
Participantharry, the oc is all grown up, no arguments there. But it is not what the urban theorists consider an urban environment. Almost the entire o.c. requires a car, things are spread out and zoned and few families can live entirely as pedestrians. It’s large buildings are surrounded by parking lots and it os difficult to walk from the skyscrapers to the houses. SFR’s are evil in their eyes and we are enamored by them.
lajolla, even you hood isn’t what they would consider urban. These guys are pointing to european and east coast cities as the model and we will never fit into it.
temeculaguy
Participantharry, the oc is all grown up, no arguments there. But it is not what the urban theorists consider an urban environment. Almost the entire o.c. requires a car, things are spread out and zoned and few families can live entirely as pedestrians. It’s large buildings are surrounded by parking lots and it os difficult to walk from the skyscrapers to the houses. SFR’s are evil in their eyes and we are enamored by them.
lajolla, even you hood isn’t what they would consider urban. These guys are pointing to european and east coast cities as the model and we will never fit into it.
temeculaguy
Participantharry, the oc is all grown up, no arguments there. But it is not what the urban theorists consider an urban environment. Almost the entire o.c. requires a car, things are spread out and zoned and few families can live entirely as pedestrians. It’s large buildings are surrounded by parking lots and it os difficult to walk from the skyscrapers to the houses. SFR’s are evil in their eyes and we are enamored by them.
lajolla, even you hood isn’t what they would consider urban. These guys are pointing to european and east coast cities as the model and we will never fit into it.
temeculaguy
Participantharry, the oc is all grown up, no arguments there. But it is not what the urban theorists consider an urban environment. Almost the entire o.c. requires a car, things are spread out and zoned and few families can live entirely as pedestrians. It’s large buildings are surrounded by parking lots and it os difficult to walk from the skyscrapers to the houses. SFR’s are evil in their eyes and we are enamored by them.
lajolla, even you hood isn’t what they would consider urban. These guys are pointing to european and east coast cities as the model and we will never fit into it.
temeculaguy
Participantharry, the oc is all grown up, no arguments there. But it is not what the urban theorists consider an urban environment. Almost the entire o.c. requires a car, things are spread out and zoned and few families can live entirely as pedestrians. It’s large buildings are surrounded by parking lots and it os difficult to walk from the skyscrapers to the houses. SFR’s are evil in their eyes and we are enamored by them.
lajolla, even you hood isn’t what they would consider urban. These guys are pointing to european and east coast cities as the model and we will never fit into it.
temeculaguy
ParticipantD R Horton just sent me an almost identical e-mail, very doom and gloom, down payments are doubling, zero down has taken it’s last gasp. I wonder if it will affect them or this is just another “hurry and buy” tactic.
With regards to stan pac, I didn’t think they’d last this long, their stock has had a few pops but usually stays around $3 a share, while it’s quarterly losses are huge and it’s borrowing costs are horrible. I guess the second half of the year will be a telling time.
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