[urbanrealtor]

On the one hand:

Shit that comes off as shady (late disclosures, non-disclosure, lies) really pisses me off.

Today, I flushed a loan that I have been working on for 5 months. (!!!!)

That’s because they gave us some new requirements at the closing table.

On the other hand:

One has to evaluate the new facts as they are.

For example a $50k repair might not be a problem with a $100k price reduction.

The problem, though, is that if facts keep changing, that $50k repair might be a $200k repair.

Distrust is the most expensive thing in the market.

That’s part of why Trump got elected.

Nobody trusted Hillary (who was objectively more qualified).

[urbanrealtor]

unless they do…

[urbanrealtor]

I still can’t reply to comments.
Probably better for everyone’s sanity honestly.,..

[urbanrealtor]

Did the attorney’s last name rhyme with a coin?
Fairly certain I know to whom you are referring.

[urbanrealtor]

[quote=SK in CV]

SPE’s exist. They are not proof, in fact, they’re not even evidence of any shadow inventory. They don’t get assets (or liabilities) of any banks’ balance sheet. Shadow inventory was a myth 8 years ago. It was a myth 6 years ago. It was a myth 4 years ago. It is still a myth.[/quote]

Kinda my feelings on this.

I would love to see some data to the contrary (and not just hyperbolic tabloidism).

[urbanrealtor]

[quote=phaster]

that’s pathetic,… just like your investing abilities

https://piggington.com/re_shadow_inventory#comment-277531

https://piggington.com/hey_seasoned_investors_can_you_help_me_out#comment-276164

then there is the special needs issue

[quote=XBoxBoy]
Who was the most annoying pigg troll?
[/quote]

[quote=flu]
vote for me, vote for me!!!!
[/quote]

so mentally and emotionally crippled because of unsatisfied “greed?” and/or is your problem based on self loathing of physical characteristics…

recognize any familiar features? like hair in unexpected places, LOLs used in lame post(s), etc.

BTW since you asked for the pigg troll vote, count on mine you’ve earned it

PS

best of luck as “flyer” said

[quote=flyer]
…after a certain point, I think all you can do is wish someone the best and let it go. Life on earth is short, so, hopefully, they will somehow find what they are looking for before it all passes them by.
[/quote][/quote]

Wow dude….so you post a long series of insults to troll somebody in an effort to call someone else a troll.

Nice.

I feel like I know who you voted for in the election…

Also, I am going to go out on a limb and say you don’t recognize the irony.

Yeah I would also guess drug or alcohol abuse reading your post.

[urbanrealtor]

[quote=phaster][quote=moneymaker]I’m guessing that a house will on average spend more time in escrow than on the market, so signs are up in front of houses for twice the amount of time of inventory. I.E- listed for 40 days, in escrow for 60 days = 100 days sign in front yard. Then there are the houses that never have a sign up and those are the ones I’m wondering about, those are usually the “steals” as far as value. Are there houses that sell without making it to the MLS? Are they in the charts? What is the shortest escrow anyone has ever heard of?[/quote]

fastest closing time for escrow or any close of escrow for that matter only measures the end buyer (or tip of the ice berg so to speak)

consider its SOP for (too big to fail) banks to move assets off-balance sheet and link them to the capital markets via “special purpose entities” (SPEs), BUT when needed to take them back onto their balance sheets when perceptions of risk changed abruptly in the market

if the problem is to really understand what’s really going on in just the RE sector of the economy for example, the task requires to somehow collate all change of property ownership records in all the county recorders offices and see what private party or bank(s) has ownership at regular intervals, to look at time series trends (that’s loads of data that isn’t easily gathered) THEN cross reference the RE w/ various loan docs to make sure a property isn’t “cross-collateralization”

so,… any realistic model of the economy w/ RE shadow inventory, the shadow banking system (i.e. hedge funds, and other non bank entities that invest in RE), etc., one would need to build a “deep thought” computer (akin to the one in hitch hikers guide to the galaxy)

wish I had a copy of the booz allen hamilton white paper,… where (one of individuals who worked on it and told me) they came to the conclusion its an impossible task,… think it would be an interesting read[/quote]

I am open to changing my mind on this but I am going to have to call bullshit until seeing evidence here.
Do you have an inside line or just suspicion?
I do a lot of deep dives and have not encountered this.
I spend a lot of time combing property records.
Again, I am open to new data on this.

[urbanrealtor]

[quote=moneymaker]I’ll start off with a housing question for the realtors here. Is a bomb shelter a searchable item when buying a home? [/quote]

Ladies and gentlemen…. my former broker Mr. Hotes:

http://www.scpr.org/news/2010/06/10/16004/doomsday-bunker/

[urbanrealtor]

[quote=paramount][quote=bearishgurl]

I’m not the only one opposed to any more growth. [/quote]

Many of your comments smack of elitism and a “screw you, I’ve got mine” mentality.

And now you want to attack hard working families already struggling and working hard to stay afloat and keep food on the table while raising a family.

All because you believe we should all follow your life philosophy of not living in “exurb hell”. And if not, we’ll take you to the cleaners…again and again.

Isn’t it also because of a level of disdain for the guys who load up their F150’s and Silverado’s and get on the road at 5AM and WORK all day. No glorious pensions or medical benefits or golden parachute. But then these guys aren’t whiney govt workers either.
Just a life of hard work and struggle. It’s true; for the most part these guys didn’t go to a UC. Or even a lowly CSU.

Do they even deserve to live here? I mean if you can’t live near ‘desirable’ coastal california, do you even have a life worth living? How could you?

And now elitists and environmental radicals want to punish these families by making it even harder to keep gas in their tanks.

I think that’s one of the reasons I’d much rather live in Temecula: the trendy/hipster elitist attitude so prevelant in San Diego. At least up here in the valley of the dirt people we keep it real.[/quote]

Dude.
I have missed your whiny, self-righteous rants a lot.
Thank you for this.

Complaining about hipster prejudice while talking about how “mi barrio” is real and genuine.

Good stuff.

[urbanrealtor]

[quote=Rich Toscano]
The other 10% of your searches: “synthetic ovipositor”

[/quote]

I can’t be the only one…

[urbanrealtor]

[quote=Rich Toscano]It’s working now for me… is anyone still having problems? Thanks for the heads up.[/quote]
Not working for me.
I tried searching “fallbrook” and no results.
Same with my own username.

Fun fact:
90% of my searches on Google are for my own name.

[urbanrealtor]

Per my Aunt (broker of Cassidy Real Estate in Los Altos):

“Pretty easily. Depends on location of course- does it back to highway 85?”

Apparently, backing on to 85 is bad for value.

[urbanrealtor]

[quote=bearishgurl]Question for the Piggs: Would a weed-filled vacant lot of 1/3 AC in Saratoga, CA and zoned R-1 be worth over $1M today?[/quote]
My family is in the biz up there.
I will ask.

[urbanrealtor]

[quote=poorgradstudent]Well, this does help explain part of the support for rising home prices.[/quote]
Sort of.
It better explains why low interest rates and innovative lending (not always a good thing– think NINJA loans) start to make sense.
Low payment and low cash down mean purchase can be almost as cheap as current rent prices.
Also, and I think more importantly, it explains that current prices are back-stopped to a certain extent.

If prices in condos drop even 10% they become cheaper than renting.

Barring a broad rent fade (and we are not currently at risk of a deflationary rent spiral) those currently high prices are effectively fixed.

There are some nuances and changes but that is the short version.

[urbanrealtor]

Funny.
I was with AFX114 and his wife at the station a couple years ago and they mentioned this specific issue to me.

I have since switched to a wired set most of the time and the native car BT while driving.

It generally has better quality than my old bt set.

[Author]

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