[UCGal]

Given the recent report that says 23% of houses that have mortgages have negative equity… I’d say we still have a bubble that needs correction.

The negative equity is heavily concentrated in five states – and California is one of them.

According to the report there are 2.4 Million mortages with negative equity in California alone.

http://www.calculatedriskblog.com/2009/11/negative-equity-report-for-q3.html

Some percentage of that will hit the market through short sale, foreclosure, deed-in-lieue… causing a downward pressure on prices.

[UCGal]

Given the recent report that says 23% of houses that have mortgages have negative equity… I’d say we still have a bubble that needs correction.

The negative equity is heavily concentrated in five states – and California is one of them.

According to the report there are 2.4 Million mortages with negative equity in California alone.

http://www.calculatedriskblog.com/2009/11/negative-equity-report-for-q3.html

Some percentage of that will hit the market through short sale, foreclosure, deed-in-lieue… causing a downward pressure on prices.

[UCGal]

Given the recent report that says 23% of houses that have mortgages have negative equity… I’d say we still have a bubble that needs correction.

The negative equity is heavily concentrated in five states – and California is one of them.

According to the report there are 2.4 Million mortages with negative equity in California alone.

http://www.calculatedriskblog.com/2009/11/negative-equity-report-for-q3.html

Some percentage of that will hit the market through short sale, foreclosure, deed-in-lieue… causing a downward pressure on prices.

[UCGal]

I had an old boyfriend who did that to get a vintage car… He knew there were a few in the ‘hood. He left notes on the windshields… He ended up being contacted and got a great price.

It doesn’t sound like it would hurt… you’re only out time and effort… not $$$.

[UCGal]

I had an old boyfriend who did that to get a vintage car… He knew there were a few in the ‘hood. He left notes on the windshields… He ended up being contacted and got a great price.

It doesn’t sound like it would hurt… you’re only out time and effort… not $$$.

[UCGal]

I had an old boyfriend who did that to get a vintage car… He knew there were a few in the ‘hood. He left notes on the windshields… He ended up being contacted and got a great price.

It doesn’t sound like it would hurt… you’re only out time and effort… not $$$.

[UCGal]

I had an old boyfriend who did that to get a vintage car… He knew there were a few in the ‘hood. He left notes on the windshields… He ended up being contacted and got a great price.

It doesn’t sound like it would hurt… you’re only out time and effort… not $$$.

[UCGal]

I had an old boyfriend who did that to get a vintage car… He knew there were a few in the ‘hood. He left notes on the windshields… He ended up being contacted and got a great price.

It doesn’t sound like it would hurt… you’re only out time and effort… not $$$.

[UCGal]

Congratulations.

[UCGal]

Congratulations.

[UCGal]

Congratulations.

[UCGal]

Congratulations.

[UCGal]

Congratulations.

[UCGal]

If it’s a flipping attempt – it’s a failure. The markup in price (20k-40k) will barely cover the transaction costs – let alone any remodeling.

[UCGal]

If it’s a flipping attempt – it’s a failure. The markup in price (20k-40k) will barely cover the transaction costs – let alone any remodeling.

[Author]

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