[temeculaguy]

Looks like he is just an urban outdoorsman with a penchant for Karate Kid moves. It would have been sweet to just include him, throw a tux on him (just the jacket, have him stay shirtless and in those pants) and put him in the wedding party, that story would be told at museum for fifty years by all attendees and the video would become an instant youtube sensation.

I say take him to the reception too, it’s so hard getting the dance floor going at weddings as it is.

[temeculaguy]

It is very likely that is was part of an effort to limit eminent domain. They try it all the time and usually don’t get enough signatures and go away. California rarely uses that power unless it is for a road/freeway, school, hospital, etc. The stories about eminent domain being used to build a mall are almost always in another state. It always boggles my mind when people who live in a house 25 feet from a freeway refuse to take 150% of the appraised value for their home so another lane can be built. They also get moving expenses, transaction fees (realtor, title, etc),property tax increase exepmtion in the form of a carryover and a bunch of other goodies but there are always a few wearing foil hats that need to be forced into not breathing exhaust fumes.

[temeculaguy]

A natural cycle, nothing to lose sleep over. The ones that behaved themselves during the boom and didn’t screw people will be standing on the other side of this and many of those have been through the ups and downs before. The ethical brokers have satisfied clients out there and when their freinds and relatives find they need that service or need help refinancing their 2/28 into a fixed, those satisfied unscrewed customers will refer them. More than just R/E and finance does the business priciple of reputation and ethics pay dividends to the pratitioners of it and those dividends are more prevelant during down cycles. Trust and reputation becomes more important during uncertain times. Shaking out an industry every so often is a good thing for the consumer and the industry.

[temeculaguy]

Two tracts by me were offering 2ok in options or closing costs/buydown two weeks ago. This week one had gone to 50k, anyway you like it including price reduction and the other is at 40k with 20k max for price reduction. Nothing much has really sold despite the price drop. The 40k one is 300-350k and the 50k are 380-450k both price ranges for the two tracts are not inclusive of the discount. The 380-450 retail ones are now 330-399, all sfr’s, gated 1850-2350 sq ft. If they drop another 30k I think they might get some people to jump off the fence and in about four weeks they are staring at 30 of them as standing inventory with only a dozen sold since they opened. That is a scary amount of standing inventory, my guess is that as soon as the dozen they’ve sold close escrow, they will start slashing, those people have no legal recourse and since they only require a $500 deposit, any reduction in the next two weeks will cause people to walk away from the $500 unless they get a similar discount.

[temeculaguy]

Since the fed can’t win here, look for middle ground, something like a 25 basis point cut and some vague comments about maybe more later and maybe not.

[temeculaguy]

I’m with you on the Master bathroom door and it is not easily remedied because many larger homes have huge arched entrys to the master bath where a door would be huge and look stupid. But many couples don’t arise and ready at the same time, causing someone to be awakened by the light and running water. I’m going with this as my reason for no more wives and sleepovers are limited to 3 a.m., I’m having a sign made and prefacing the warning with, “Due to architectuaral flaws.”

Here’s pet peeve, medium sized (2,000 sq ft.) 3 and 4 bedroom newer homes with single sinks and almost zero drawers or cupboards in secondary baths and pedestal sinks in half baths. Where the heck does the toilet paper backups go. And how come no architect has ever had a teenage daughter and the sheer volume of bathroom crap that they consider essential, they need more than a single undersink cupboard and 7 sq inches of sink counter space, not to metion sharing that space with other secondary bedroom users. It’s now to the point that the first thing I ask about is the secondary bathroom. That’s where the sit down vanity is needed. Otherwise the girls are alwas in my bathroom and since there is no door I can’t sleep in.

Message to the architects-3/4 of the time in my home it is just a place I sleep, why is there no consideration to facilitating that, do they have stock in Redbull?

The closet placement does have a reason, the menfolk can see the womenfolk walk naked to the closet naked while brushing their teeth, that’s also why the mirrors are there because if you’ve seen us dress ourselves we never look at ourselves in them, that one is here to stay.

[temeculaguy]

Realtors should refuse listings from unrealistic buyers, not to manipulate the market but to keep from wasting their time. The Moreno Valley realtor in the article cited a 36 month supply, with 59 sales and 2200 listings. If each buyer viewed 15 homes before buying only half of the listings even had one showing. I’ll bet they are running low on lockboxes and signs.

[temeculaguy]

In after hours trading their stock is up because of the announcement that came in after the market close. Here’s a quote from another article

“To try to boost sales, the company is offering a nationwide three-day sale beginning Sept. 14. Hovnanian will offer deep discounts in each of its 449 communities.
Alex Barron, senior research analyst at Agency Trading Group in Wayzata, Minn., said slashing prices to reduce high inventory should help the company improve its cash flow. “Right now the game is who can cut the prices the most,” he said. “They have a lot of debt that they need to service and in order to service that debt they need to have some cash coming in the door.”

I think this will ripple and it will ripple quick, I went to a different builder’s development yesterday and they had a note on the door saying they were closed for a meeting for half the day, looks like the rest of the builders are going to have to figure out how to keep up.

http://www.cnbc.com/id/20629633

[temeculaguy]

SD, dude it was so ^$&^%# hot, even by Temec standards, We usually only get a few days a year over 100 on the South side and we were clearly blowing that out. My body kicks into palm springs mode and all I want to do is drink and sit in the pool, an instinct that clearly goes back to my caveman days. I would have hurled early and often, Allan was losing youngsters to the heat, a middle aged guy like me would be headed to the E.R. for sure. Since all the nurses up here got stung in the stonewood scam, they would have I.D. me as the infamous T.G. and I would be dead for sure.

Allan, actually wolf creek isn’t in as bad a shape as one would think, not much of what you saw was standing inventory, most of it is within conforming range and they just slowed down, holding off on phases until the previous is sold. I took my monthly trip down there today and chatted with my favorite salesperson. They just aren’t as desperate as I want them to be and the D.R. horton inventory flood hasn’t hit just yet so I am going to sign a six month or 1 year lease next week and you won’t be rid of me quite yet. In six months to a year I’m sure things will be much worse.

[temeculaguy]

Hey Allan, what did you think of my sports park. I’m usually there a few days a week but the last two days have been the hottest days of the year so I skipped my hoops ritual. Have you ever seen a nicer sports park, I think they have four lighted astroturf football fields. Good thing they got the devlopers to pay for it before the market turned.

[temeculaguy]

I say keep reading, Bugs’ “Butterfly effect” post just two above this one is a true gem and if you didn’t read this far you would have missed it, excellent explanation Bugs.

[temeculaguy]

2004 prices is child’s play, there’s no way it doesn’t hit 2004 prices. When? Nobody knows. You need someone who tracks that market and you need more examples to establish a trend. The Brea house you referred to where the bank lists it higher than it failed to sell at happens all the time, I think their experts are using zestimates. They will be forced to learn the true market value is what someone will pay for it. 1-2 years is my guess but things have been moving faster than I expected of late.

[temeculaguy]

Sorry about that Bugs, next time I’ll warn you when I type out on a limb like that. The newer Dell monitors have detachable speaker bars that only cost $30 to replace, how do I know, because I’m on my second one from a similar coffee related incident that occured while browsing an online dating site.

[temeculaguy]

He’s got links on his site to some specific threads here and it looks like he’s spamming all the dead horse threads. I can’t figure out why, nothing we can do to help. If he really wants to fight back he needs to start making some dogfighting allegations against them. They do have pictures on their sie of the swindlers, nothing like what I expected and a few looked like they just got out of jail so going back shouldn’t be any big deal. I know looks can be decieving but I wouldn’t trust some of them with my car when I valet park, let alone my money.

[temeculaguy]

Good work Stan, the pain train seems to be just pulling into 4-S, right on schedule I might add. 5% average reduction in 3 months is a nice start but I bet that all these didn’t get snapped up once they lowered their price. This should be the start of the snowball effect, falling prices can entice some but will also send others to the sidelines, banks and builders will become agressive to get ahead of the falling curve, causing more foreclosures because people will not be able to get the appraisal needed to refi, this story will start to get real interesting from here on it, keep us posted, your data is months ahead of the media.

[Author]

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