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temeculaguy
ParticipantFirst off any post quoting me is great for feeding my mammoth sized ego!! Second, I’m with Bugs here, the pain train is moving faster than expected (probably because the economy and credit crunch are worse off now and the msm is picking up on it), the percentage drops are similar and less than a year behind the first areas to fall so it is apparent the virus is now out of control. Take note of what happened in the exurbs a year ago, we had some break through prices and more pressure on the way yet some jumped in because it was as good as they had hope and they talked themselves into it. The 30-50% accross the board drops followed within a year and the better tracts fell with it. I think SEH can be considered to be in a different time zone than the exurbs, so study and learn what happened and take two theories to heart. The “popcorn theory” and the “bar pick up theory,” both were created while watching the exurbs fall. In the popcorn theory, the kernals (breakthrough prices) are sporatic and can even make you think they have stopped or slowed but the heavy popping eventually comes with a vengance. In the bar pick up theory, imagine you are a single guy in a bar, a few 5’s and 6’s wander in the bar during happy hour, followed by some 7’s at nightfall but wait for the porn convention next door to end at around 9 p.m., hook up before then and you will kick yourself for the next thirty years.
temeculaguy
ParticipantFirst off any post quoting me is great for feeding my mammoth sized ego!! Second, I’m with Bugs here, the pain train is moving faster than expected (probably because the economy and credit crunch are worse off now and the msm is picking up on it), the percentage drops are similar and less than a year behind the first areas to fall so it is apparent the virus is now out of control. Take note of what happened in the exurbs a year ago, we had some break through prices and more pressure on the way yet some jumped in because it was as good as they had hope and they talked themselves into it. The 30-50% accross the board drops followed within a year and the better tracts fell with it. I think SEH can be considered to be in a different time zone than the exurbs, so study and learn what happened and take two theories to heart. The “popcorn theory” and the “bar pick up theory,” both were created while watching the exurbs fall. In the popcorn theory, the kernals (breakthrough prices) are sporatic and can even make you think they have stopped or slowed but the heavy popping eventually comes with a vengance. In the bar pick up theory, imagine you are a single guy in a bar, a few 5’s and 6’s wander in the bar during happy hour, followed by some 7’s at nightfall but wait for the porn convention next door to end at around 9 p.m., hook up before then and you will kick yourself for the next thirty years.
temeculaguy
ParticipantFirst off any post quoting me is great for feeding my mammoth sized ego!! Second, I’m with Bugs here, the pain train is moving faster than expected (probably because the economy and credit crunch are worse off now and the msm is picking up on it), the percentage drops are similar and less than a year behind the first areas to fall so it is apparent the virus is now out of control. Take note of what happened in the exurbs a year ago, we had some break through prices and more pressure on the way yet some jumped in because it was as good as they had hope and they talked themselves into it. The 30-50% accross the board drops followed within a year and the better tracts fell with it. I think SEH can be considered to be in a different time zone than the exurbs, so study and learn what happened and take two theories to heart. The “popcorn theory” and the “bar pick up theory,” both were created while watching the exurbs fall. In the popcorn theory, the kernals (breakthrough prices) are sporatic and can even make you think they have stopped or slowed but the heavy popping eventually comes with a vengance. In the bar pick up theory, imagine you are a single guy in a bar, a few 5’s and 6’s wander in the bar during happy hour, followed by some 7’s at nightfall but wait for the porn convention next door to end at around 9 p.m., hook up before then and you will kick yourself for the next thirty years.
temeculaguy
ParticipantFirst off any post quoting me is great for feeding my mammoth sized ego!! Second, I’m with Bugs here, the pain train is moving faster than expected (probably because the economy and credit crunch are worse off now and the msm is picking up on it), the percentage drops are similar and less than a year behind the first areas to fall so it is apparent the virus is now out of control. Take note of what happened in the exurbs a year ago, we had some break through prices and more pressure on the way yet some jumped in because it was as good as they had hope and they talked themselves into it. The 30-50% accross the board drops followed within a year and the better tracts fell with it. I think SEH can be considered to be in a different time zone than the exurbs, so study and learn what happened and take two theories to heart. The “popcorn theory” and the “bar pick up theory,” both were created while watching the exurbs fall. In the popcorn theory, the kernals (breakthrough prices) are sporatic and can even make you think they have stopped or slowed but the heavy popping eventually comes with a vengance. In the bar pick up theory, imagine you are a single guy in a bar, a few 5’s and 6’s wander in the bar during happy hour, followed by some 7’s at nightfall but wait for the porn convention next door to end at around 9 p.m., hook up before then and you will kick yourself for the next thirty years.
temeculaguy
ParticipantI was suprised to see this thread fall with so few comments, maybe it was covered on a different thread and my being away for a few days caused me to miss it. This is actually a pretty significant event for the local economy, this is a credit crunch where the tires meet the pavement.
http://www.nctimes.com/articles/2008/02/02/business/news/19_29_392_1_08.txt
In this article they highlight a local realtor who was using his house as a “payday advance.” While I think a realtor shouldn’t anticipate that the next payday will come at all and the lender is smart to cut off his supply, there are a lot of people in industries who have income that does come in chunks that will be affected. There are also a lot of industries that will see sales drying up as a result of the lack of helocs. The credit crunch was primarily contained to wall street and between financial institutions until now.
Check out the blogger comments at the bottom, it looks like the piggington way of thinking has spread to mainstream crazies and not just confined to us finance and R/E crazies.
temeculaguy
ParticipantI was suprised to see this thread fall with so few comments, maybe it was covered on a different thread and my being away for a few days caused me to miss it. This is actually a pretty significant event for the local economy, this is a credit crunch where the tires meet the pavement.
http://www.nctimes.com/articles/2008/02/02/business/news/19_29_392_1_08.txt
In this article they highlight a local realtor who was using his house as a “payday advance.” While I think a realtor shouldn’t anticipate that the next payday will come at all and the lender is smart to cut off his supply, there are a lot of people in industries who have income that does come in chunks that will be affected. There are also a lot of industries that will see sales drying up as a result of the lack of helocs. The credit crunch was primarily contained to wall street and between financial institutions until now.
Check out the blogger comments at the bottom, it looks like the piggington way of thinking has spread to mainstream crazies and not just confined to us finance and R/E crazies.
temeculaguy
ParticipantI was suprised to see this thread fall with so few comments, maybe it was covered on a different thread and my being away for a few days caused me to miss it. This is actually a pretty significant event for the local economy, this is a credit crunch where the tires meet the pavement.
http://www.nctimes.com/articles/2008/02/02/business/news/19_29_392_1_08.txt
In this article they highlight a local realtor who was using his house as a “payday advance.” While I think a realtor shouldn’t anticipate that the next payday will come at all and the lender is smart to cut off his supply, there are a lot of people in industries who have income that does come in chunks that will be affected. There are also a lot of industries that will see sales drying up as a result of the lack of helocs. The credit crunch was primarily contained to wall street and between financial institutions until now.
Check out the blogger comments at the bottom, it looks like the piggington way of thinking has spread to mainstream crazies and not just confined to us finance and R/E crazies.
temeculaguy
ParticipantI was suprised to see this thread fall with so few comments, maybe it was covered on a different thread and my being away for a few days caused me to miss it. This is actually a pretty significant event for the local economy, this is a credit crunch where the tires meet the pavement.
http://www.nctimes.com/articles/2008/02/02/business/news/19_29_392_1_08.txt
In this article they highlight a local realtor who was using his house as a “payday advance.” While I think a realtor shouldn’t anticipate that the next payday will come at all and the lender is smart to cut off his supply, there are a lot of people in industries who have income that does come in chunks that will be affected. There are also a lot of industries that will see sales drying up as a result of the lack of helocs. The credit crunch was primarily contained to wall street and between financial institutions until now.
Check out the blogger comments at the bottom, it looks like the piggington way of thinking has spread to mainstream crazies and not just confined to us finance and R/E crazies.
temeculaguy
ParticipantI was suprised to see this thread fall with so few comments, maybe it was covered on a different thread and my being away for a few days caused me to miss it. This is actually a pretty significant event for the local economy, this is a credit crunch where the tires meet the pavement.
http://www.nctimes.com/articles/2008/02/02/business/news/19_29_392_1_08.txt
In this article they highlight a local realtor who was using his house as a “payday advance.” While I think a realtor shouldn’t anticipate that the next payday will come at all and the lender is smart to cut off his supply, there are a lot of people in industries who have income that does come in chunks that will be affected. There are also a lot of industries that will see sales drying up as a result of the lack of helocs. The credit crunch was primarily contained to wall street and between financial institutions until now.
Check out the blogger comments at the bottom, it looks like the piggington way of thinking has spread to mainstream crazies and not just confined to us finance and R/E crazies.
February 2, 2008 at 10:23 AM in reply to: 60% off at temecula auction and conclusive evidence that I’m an idiot #147072temeculaguy
ParticipantAllan, HLS just thinks that I won’t get drunk early and pick the first one that says “yes.” As an analogy, he is right, I will wait for the better houses to come in later this year and not jump on the first decent one at a low price. In reality, he’s never been drinking with me, I fall into that trap every time, plus who wants a 10, the 7’s are more fun.
dj, must I do everything
http://www.cityoftemecula.org/Temecula/Government/IS_GIS/GIS/
pick the property information module link, it may take a while to learn how to do it.
http://www.countyofriverside.us/portal/page?_pageid=133,1&_dad=portal&_schema=PORTAL
on the left, where it says “how can we help” choose grantee search once you have the name of the owner and you can see transactions but no specific dollar amounts just who sold to who and not by address, then from the same “how can we help” pull down menu, pick “pay property taxes” and enter the address to see the bill. From these three sites you can get name of owner, tax bill, asessed value and loan or sale activity, it takes a while to interpret the data but it’s free and easy. You will have to get used to the terminology “grantee, grantor, reconveyance, etc. Or you can just subscripe to one of the many services.
February 2, 2008 at 10:23 AM in reply to: 60% off at temecula auction and conclusive evidence that I’m an idiot #147319temeculaguy
ParticipantAllan, HLS just thinks that I won’t get drunk early and pick the first one that says “yes.” As an analogy, he is right, I will wait for the better houses to come in later this year and not jump on the first decent one at a low price. In reality, he’s never been drinking with me, I fall into that trap every time, plus who wants a 10, the 7’s are more fun.
dj, must I do everything
http://www.cityoftemecula.org/Temecula/Government/IS_GIS/GIS/
pick the property information module link, it may take a while to learn how to do it.
http://www.countyofriverside.us/portal/page?_pageid=133,1&_dad=portal&_schema=PORTAL
on the left, where it says “how can we help” choose grantee search once you have the name of the owner and you can see transactions but no specific dollar amounts just who sold to who and not by address, then from the same “how can we help” pull down menu, pick “pay property taxes” and enter the address to see the bill. From these three sites you can get name of owner, tax bill, asessed value and loan or sale activity, it takes a while to interpret the data but it’s free and easy. You will have to get used to the terminology “grantee, grantor, reconveyance, etc. Or you can just subscripe to one of the many services.
February 2, 2008 at 10:23 AM in reply to: 60% off at temecula auction and conclusive evidence that I’m an idiot #147342temeculaguy
ParticipantAllan, HLS just thinks that I won’t get drunk early and pick the first one that says “yes.” As an analogy, he is right, I will wait for the better houses to come in later this year and not jump on the first decent one at a low price. In reality, he’s never been drinking with me, I fall into that trap every time, plus who wants a 10, the 7’s are more fun.
dj, must I do everything
http://www.cityoftemecula.org/Temecula/Government/IS_GIS/GIS/
pick the property information module link, it may take a while to learn how to do it.
http://www.countyofriverside.us/portal/page?_pageid=133,1&_dad=portal&_schema=PORTAL
on the left, where it says “how can we help” choose grantee search once you have the name of the owner and you can see transactions but no specific dollar amounts just who sold to who and not by address, then from the same “how can we help” pull down menu, pick “pay property taxes” and enter the address to see the bill. From these three sites you can get name of owner, tax bill, asessed value and loan or sale activity, it takes a while to interpret the data but it’s free and easy. You will have to get used to the terminology “grantee, grantor, reconveyance, etc. Or you can just subscripe to one of the many services.
February 2, 2008 at 10:23 AM in reply to: 60% off at temecula auction and conclusive evidence that I’m an idiot #147350temeculaguy
ParticipantAllan, HLS just thinks that I won’t get drunk early and pick the first one that says “yes.” As an analogy, he is right, I will wait for the better houses to come in later this year and not jump on the first decent one at a low price. In reality, he’s never been drinking with me, I fall into that trap every time, plus who wants a 10, the 7’s are more fun.
dj, must I do everything
http://www.cityoftemecula.org/Temecula/Government/IS_GIS/GIS/
pick the property information module link, it may take a while to learn how to do it.
http://www.countyofriverside.us/portal/page?_pageid=133,1&_dad=portal&_schema=PORTAL
on the left, where it says “how can we help” choose grantee search once you have the name of the owner and you can see transactions but no specific dollar amounts just who sold to who and not by address, then from the same “how can we help” pull down menu, pick “pay property taxes” and enter the address to see the bill. From these three sites you can get name of owner, tax bill, asessed value and loan or sale activity, it takes a while to interpret the data but it’s free and easy. You will have to get used to the terminology “grantee, grantor, reconveyance, etc. Or you can just subscripe to one of the many services.
February 2, 2008 at 10:23 AM in reply to: 60% off at temecula auction and conclusive evidence that I’m an idiot #147416temeculaguy
ParticipantAllan, HLS just thinks that I won’t get drunk early and pick the first one that says “yes.” As an analogy, he is right, I will wait for the better houses to come in later this year and not jump on the first decent one at a low price. In reality, he’s never been drinking with me, I fall into that trap every time, plus who wants a 10, the 7’s are more fun.
dj, must I do everything
http://www.cityoftemecula.org/Temecula/Government/IS_GIS/GIS/
pick the property information module link, it may take a while to learn how to do it.
http://www.countyofriverside.us/portal/page?_pageid=133,1&_dad=portal&_schema=PORTAL
on the left, where it says “how can we help” choose grantee search once you have the name of the owner and you can see transactions but no specific dollar amounts just who sold to who and not by address, then from the same “how can we help” pull down menu, pick “pay property taxes” and enter the address to see the bill. From these three sites you can get name of owner, tax bill, asessed value and loan or sale activity, it takes a while to interpret the data but it’s free and easy. You will have to get used to the terminology “grantee, grantor, reconveyance, etc. Or you can just subscripe to one of the many services.
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