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carlsbadworker
15 years ago

Spring rally is here. It
Spring rally is here. It seems sdr is the best predictor on this site.

peterb
15 years ago
Reply to  carlsbadworker

Quick, run out and buy a
Quick, run out and buy a house while the prices are rising.

jpinpb
15 years ago
Reply to  peterb

So I’m not sure I follow or
So I’m not sure I follow or understand. If a high-end home reduces b/c it’s been on the market for a while and not selling, once it lowers it a certain amount, wouldn’t it then fall into the median priced range, thus bringing up the prices of the median? Maybe I’m confused here.

NotCranky
15 years ago
Reply to  Rich Toscano

Let’s say shadow inventory
Let’s say shadow inventory does start to flood the market, what will the next tricks to try to keep the floor in be? Will they work?

jpinpb
15 years ago
Reply to  NotCranky

How long can they keep shadow
How long can they keep shadow inventory?

What’s that light?

Sooner or later, they are going to unleash the houses to the market. Stand by whenever they do.

peterb
15 years ago
Reply to  jpinpb

Isnt it nice how the govt
Isnt it nice how the govt sets up its populace for further fleecing? How many people will be suckered into this with their hard-earned and saved, down payments?

34f3f3f
15 years ago

So we’ve got a normal
So we’ve got a normal seasonal adjustment, reduced supply, a shift to higher end home sales that may be skewing the median …or prices have actually gone up. I look forward to what Case Shiller produces.

sdrealtor
15 years ago
Reply to  34f3f3f

The more things change the
The more things change the more they stay the same;)

trex
15 years ago

My sister in law just got an
My sister in law just got an 80k write down from Wells Fargo. I am happy for her, but I have this nagging feeling that we are all going to get screwed for doing the right thing (i.e., not buying saving, being responsible). The banks will write down alot of mortgages, the new administration will introduce us to hyperinflation, and wa-la!

I often wonder if I should have bought a place in 2005, pulled imaginary equity to get a nice car, and then stopped making payments. I haven’t run the numbers, but I might be better off than renting and driving a 10 year old truck.

ibjames
15 years ago
Reply to  trex

my coworker has a friend in
my coworker has a friend in AZ that wanted an adjustment, so he stopped paying his loans and pulled the payment out of his checking and put it in a shoebox every month, when the bank called him 5 months later he said he needed an adjustment

I couldn’t get details on what they did, but he got one, now my coworker is thinking of doing the same thing…

creechrr
15 years ago
Reply to  trex

trex wrote:
I often wonder if

[quote=trex]

I often wonder if I should have bought a place in 2005, pulled imaginary equity to get a nice car, and then stopped making payments. I haven’t run the numbers, but I might be better off than renting and driving a 10 year old truck.[/quote]

I often have the same thoughts. How is it that I get screwed for being responsible?

I can’t but hope that the universe will somehow straighten it all out. Otherwise, the slippery slope just goes completely vertical.