Note: don’t include Note: don’t include coworkers, people you “heard”, people you do business with, etc that otherwise aren’t your friends or relatives.
SD Realtor
July 11, 2008 @
11:09 PM
I talk to at LEAST 3 people a I talk to at LEAST 3 people a week but they are not friends, just people who contact me.
temeculaguy
July 11, 2008 @
11:48 PM
I have a completely skewed I have a completely skewed view because of my partucular demographic and situation. I probably know more than 40 people that have lost their homes in the last year. As a divorced guy, many of the people I hang with or the women I pursue are divorced and in the 35-45 age bracket and live in the Temecula Valley. Those factors combined make the odds of any friend or girlfriend in the 50% category to lose their home. If it it wasn’t so tragic it would be funny. In the middle age single scene today, finding out when her house is being forclosed on is considered second base. My freinds in college would break up with a girl before major present giving holidays so they could avoid buying presents, now they time the break up so they don’t have to help them move.
nostradamus
July 12, 2008 @
12:16 AM
temeculaguy wrote:If it it [quote=temeculaguy]If it it wasn’t so tragic it would be funny. [/quote]
I thought it was funny… and not too tragic depending on your perspective.
Eugene
July 12, 2008 @
12:16 AM
I have a coworker who bought I have a coworker who bought a house against my advice, he lost all his considerable down payment (six figures) and he’s something like 10% upside down. He’s not really in financial trouble but it still an unpleasant situation.
One of my wife’s friends/former coworkers lost a house in Temecula last year and had to move in with her mom.
Other than that, people I know are mostly fine.
nostradamus
July 12, 2008 @
12:21 AM
Wow, moving in with mom. Wow, moving in with mom. Bummer.
Luckily I have no friends nor family who are anywhere near being in financial distress. All of us work, all of us save, none of us live beyond our means. This is why it’s so hard for me to understand or sympathize with FB’s.
Eugene
July 12, 2008 @
12:55 AM
Wow, moving in with mom. Wow, moving in with mom. Bummer.
btw I should clarify, She, her husband, and their 2 year old son had to move into her parents’ 1100 sf house. (My understanding is, there was no one else living there anyways, so they are not too cramped)
UCGal
July 13, 2008 @
11:46 AM
I said none since technically I said none since technically my brother was in “pre-forclosure”. Bad financial decisions on his part combined with income loss when he was dx’d with terminal cancer. We (family) paid his mortgage while he was out of work while doing chemo and in the hospital dying.
That said – if cancer hadn’t come along, he might have ended up with a short-sale. He was definitely in more house than he could afford and not making the greatest financial decisions.
LAAFTERHOURS
July 13, 2008 @
12:50 PM
Luckily none but I do have a Luckily none but I do have a buddy who bought at peak in a new area and bought a townhome and a comparable model just sold for about 90K less than what he bought for so who knows – with all this walking nonsense happening, why wont he?
aguho
July 12, 2008 @
5:14 PM
I personally know at least I personally know at least 200 + people that have had at least 1 house foreclosed, or are presently in NOD, NOT status.I also know a bunch more who have had their loans modified by the lender. Of course, this tactic just delays their day of reckoning another year or two. There are 3 REO’s in our 12 house cul de sac, and I’m sure that at least 2-3 more will go back to the bank in the next year or so.
A few years ago on this site I predicted that the South Bay specifically 91913 would be the epicenter of SD County’s real estate collapse.
I also believed that the Filipino and Hispanic communities would default in huge numbers.
I was right on both counts. The amount of fraud committed down here was epic. Lots of willing players though….
My advice to people is to forget about buying real estate for now. You’re better off buying gold and silver.
We just received our ” relief” handout from the US Treasury. On Monday morning we’re going to buy more Canadian gold and silver juniors and give the U.S. govt our middle fingers for debasing our currency.
Everyone gets what they deserve. I feel sorry for NO ONE. Most people do not listen anyways………
aguho
sdduuuude
July 12, 2008 @
10:15 PM
I have done a pretty good job I have done a pretty good job convincing everyone I know not to buy for the last three years. My answer is “none.”
Navydoc
July 13, 2008 @
6:56 AM
Difficult to say really, as a Difficult to say really, as a few of the couples I know have risky loans, but may have the ability to ride it out. Some of them are still in denial though. One couple in 4S bought new construction with nothing down with, I think, the idea to quickly refinance to use the equity to complete the landscaping. They bought two years ago and yup, you guessed it, the lawn is still dirt. Their HOA must be going nuts…
San Diego Native
July 13, 2008 @
2:31 PM
Thankfully, none. We all Thankfully, none. We all bought our homes in San Diego waaaay
pre-boom/bust and did not HELOC ourselves to death, leaving funds for other investments over the past twenty years.
Sadly, it appears the world may have changed forever–and it isn’t good.
July 11, 2008 @ 9:29 PM
Note: don’t include
Note: don’t include coworkers, people you “heard”, people you do business with, etc that otherwise aren’t your friends or relatives.
July 11, 2008 @ 11:09 PM
I talk to at LEAST 3 people a
I talk to at LEAST 3 people a week but they are not friends, just people who contact me.
July 11, 2008 @ 11:48 PM
I have a completely skewed
I have a completely skewed view because of my partucular demographic and situation. I probably know more than 40 people that have lost their homes in the last year. As a divorced guy, many of the people I hang with or the women I pursue are divorced and in the 35-45 age bracket and live in the Temecula Valley. Those factors combined make the odds of any friend or girlfriend in the 50% category to lose their home. If it it wasn’t so tragic it would be funny. In the middle age single scene today, finding out when her house is being forclosed on is considered second base. My freinds in college would break up with a girl before major present giving holidays so they could avoid buying presents, now they time the break up so they don’t have to help them move.
July 12, 2008 @ 12:16 AM
temeculaguy wrote:If it it
[quote=temeculaguy]If it it wasn’t so tragic it would be funny. [/quote]
I thought it was funny… and not too tragic depending on your perspective.
July 12, 2008 @ 12:16 AM
I have a coworker who bought
I have a coworker who bought a house against my advice, he lost all his considerable down payment (six figures) and he’s something like 10% upside down. He’s not really in financial trouble but it still an unpleasant situation.
One of my wife’s friends/former coworkers lost a house in Temecula last year and had to move in with her mom.
Other than that, people I know are mostly fine.
July 12, 2008 @ 12:21 AM
Wow, moving in with mom.
Wow, moving in with mom. Bummer.
Luckily I have no friends nor family who are anywhere near being in financial distress. All of us work, all of us save, none of us live beyond our means. This is why it’s so hard for me to understand or sympathize with FB’s.
July 12, 2008 @ 12:55 AM
Wow, moving in with mom.
Wow, moving in with mom. Bummer.
btw I should clarify, She, her husband, and their 2 year old son had to move into her parents’ 1100 sf house. (My understanding is, there was no one else living there anyways, so they are not too cramped)
July 13, 2008 @ 11:46 AM
I said none since technically
I said none since technically my brother was in “pre-forclosure”. Bad financial decisions on his part combined with income loss when he was dx’d with terminal cancer. We (family) paid his mortgage while he was out of work while doing chemo and in the hospital dying.
That said – if cancer hadn’t come along, he might have ended up with a short-sale. He was definitely in more house than he could afford and not making the greatest financial decisions.
July 13, 2008 @ 12:50 PM
Luckily none but I do have a
Luckily none but I do have a buddy who bought at peak in a new area and bought a townhome and a comparable model just sold for about 90K less than what he bought for so who knows – with all this walking nonsense happening, why wont he?
July 12, 2008 @ 5:14 PM
I personally know at least
I personally know at least 200 + people that have had at least 1 house foreclosed, or are presently in NOD, NOT status.I also know a bunch more who have had their loans modified by the lender. Of course, this tactic just delays their day of reckoning another year or two. There are 3 REO’s in our 12 house cul de sac, and I’m sure that at least 2-3 more will go back to the bank in the next year or so.
A few years ago on this site I predicted that the South Bay specifically 91913 would be the epicenter of SD County’s real estate collapse.
I also believed that the Filipino and Hispanic communities would default in huge numbers.
I was right on both counts. The amount of fraud committed down here was epic. Lots of willing players though….
My advice to people is to forget about buying real estate for now. You’re better off buying gold and silver.
We just received our ” relief” handout from the US Treasury. On Monday morning we’re going to buy more Canadian gold and silver juniors and give the U.S. govt our middle fingers for debasing our currency.
Everyone gets what they deserve. I feel sorry for NO ONE. Most people do not listen anyways………
aguho
July 12, 2008 @ 10:15 PM
I have done a pretty good job
I have done a pretty good job convincing everyone I know not to buy for the last three years. My answer is “none.”
July 13, 2008 @ 6:56 AM
Difficult to say really, as a
Difficult to say really, as a few of the couples I know have risky loans, but may have the ability to ride it out. Some of them are still in denial though. One couple in 4S bought new construction with nothing down with, I think, the idea to quickly refinance to use the equity to complete the landscaping. They bought two years ago and yup, you guessed it, the lawn is still dirt. Their HOA must be going nuts…
July 13, 2008 @ 2:31 PM
Thankfully, none. We all
Thankfully, none. We all bought our homes in San Diego waaaay
pre-boom/bust and did not HELOC ourselves to death, leaving funds for other investments over the past twenty years.
Sadly, it appears the world may have changed forever–and it isn’t good.