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waiting hawk
Participant“How about a 100% water tax? Use the revenue to fund desalination initiatives.
Might encourage more folks to install low-flow shower heads and toilets”
That’s a great idea
Participant“Let me ask you this, how long has this 500k home been on the market? What did the seller pay for it? How much equity does the seller have in it? ”
damn SD, u ask all the right ?’s
ParticipantI love the term, “I told you so”.
Participant“or when I read about “subprime” loans are these the “liar” loans where people took out loans with stated income, no proof of anything, and clearly couldnt’ afford the payment in the first place???”
ALT-A loans (red head step child of prime)
http://www.brokeroutpost.com/loans/brokers/forum/topic.asp?TOPIC_ID=101112
ParticipantThey will be force to sell lower or not sell at all. I only care about foreclosures and people that are dumping the price. Other than that i see not much going on except foreclosures mounting. Going to be funny as hell to tell a debtor, “you want how much? There is a foreclosure 4 houses up this same street for 20% less”. Thats the fun part.
ParticipantWhat is good about Emigrant Direct is they have a 0% rate CC card now. You can cash it all out and invest it back with them at 5%. Read up on it here.
http://www.websitetoolbox.com/tool/post/sdcia/vpost?id=1744550
ParticipantI spoke in great lengths about this with an old friend of mine that has a daughter in the OC that teaches. He parked 100k in the OC teacher credit union. He said it is written in law that if it is FDIC insured that the government just cannot print off money to cover the money you had. They have to raise rates whatever amount to attract investors to pay back the money. I have my cash in ING direct at the moment.
ParticipantDon’t forget about all the suckers that now cannot refi to keep the game running for another 2/28..
Don’t delay the inevitable.
ParticipantI have been following Temecula for over a year each day and sometimes 5 hours a day. $350 is way too high. MOVE! Don’t even think about buying that thing. He is under water and he won’t sell. On my site I had over 100 listings that were listing under what they paid in 2004.
It is worth what it rents for. So anything under 250k wouldn’t be bad but at 300k? That’s plus 2000 a month at 300k and you were saying 350k? Man ur crazy.
Pull up zipreality.com (sign in with fake name because realtors will call the hell out of ur phone) and check all the foreclosures. That is just the start. I am actually waiting longer now to think about buying there because with all the scams and foreclosures already listing that I’m afraid Temecula could be the next Moreno valley. Don’t jump on anything just to not pack. I’d bail. Good luck
ParticipantHit the nail on head. If it doesnt come down to my level I will look you up in Texas in 2008.
ParticipantJust remember when people say that 04-05 activity could not be sustained. You tell them that 04-05 activity drove that price up. If the activity could not hold than the price cannot either. Simple ass math.
2005 as a bench mark for sales and inventory.
Take off ~30% of sales from that time, and double or triple inventory.Whats that mean? ~30 off the price.
ParticipantI followed South Riverside county a great deal (5-7 hours each day all least year). It will be at 2002 prices but every downturn in history has over shot so who knows. I have made it a point to buy when it makes sence (in Temecula). 250k for 2,000 sqft house on a 10,000+ lot or I will never buy. Looking at the tons of foreclosures already out, I will hit that mark and send low bids to banks by the end of this year.
PS.. I stated on my website back in July that a small 3 bedroom house will be listed at 299k by the end of 2006. Nov. 28th one listed. I would put money on this. Anyone up for a fun wager via paypal let me know (10-20 bucks or something).
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