[UP IN ARMS]

The “it’s different here” statements are made even in the middle of Santa Fe, New Mexico. My friend lives in Littleton, CO and just sold his home last month for 10k less than what he paid. Now people think 10k is not that much but to a 180k home it is enough. Especially when you lived there 3 years and at least expected some appreciation. But for sure CA will be hammered more so than CO. You can’t even compare the 2. Especially since 25% of all RE dollars generated in the US comes from CA.

PS. I can not imagine that the 29 foreclosed homes on mocking bird lane are letting the other homes on that block have any appreciation. Foreclosures have a large impact if there is a bunch on one street. Than I think you will start seeing statements like “it can’t happen on my street”. “My streets special”.

[UP IN ARMS]

I’m goina start usein that term. “Soft Avalanche”

I also like “houses are going to vomit equity” and
“When your neighbor gets laid off it’s a recession, when you get laid off it’s a depression”

[UP IN ARMS]

Wow bought in a bad bubble time and then sold in a higher bubble time. GOD JOB!!!!!!!!!!!!!!
Ya how many bought in the last bubble and saw this thing coming again.

UP IN ARMS<--------------------- I said in 2003 that this was bad and the credit bubble took over and really mad it disturbing.

[UP IN ARMS]

No bubble in England either 🙂

vocationvocationvocation

[UP IN ARMS]

I’m there. I’m bringing 4 bull realtors.

[UP IN ARMS]

Shoot thats a GOOD deal I’m looking at this home today. I can finish the pool by just adding water and calling it my own lake side estate. Can’t imagine why any of u’s hasn’t jumped on this.

[UP IN ARMS]

Give ur cash to me, I’ll hide it for ya 🙂

[UP IN ARMS]

yes and I never thought of it like that. True true true

[UP IN ARMS]

hahahahah

[UP IN ARMS]

No way, I’m parking my ALL my cash in REAL ESTATE!!!!!!!!

[UP IN ARMS]

“I think there is probably more sellers headed for disaster than we think”

Oh for sure

http://forsakencraft.com/proof.htm

[UP IN ARMS]

TOMARROOOWWW RRAAWWRR…

[UP IN ARMS]

I can show u listed as losses all day on a bunch of homes. Heres one.
Paid $350k in 2004
Listed at $339k at the moment.

http://www.ziprealty.com/buy_a_home/logged_in/search/home_detail.jsp?listing_num=T612964&page=1&property_type=SFR&mls=mls_so_cal&cKey=v5c26gs6&source=MRMLS

http://www.zillow.com/HomeDetails.htm?city=TEMECULA%20&state=CA&zprop=18186379

Zillow claims its worth $404,454 so ya zillow is not even close most times. Whole 65k higher here on lower end home.

[UP IN ARMS]

DING!! First price reduction. That was fast.

598k to 565k

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