Comments on: The “Euphoria Express”

By: ts

ts — Thu, 15 Oct 2009 02:40:20 +0000

Almost as important as all the buyers with cash is that there’s no supply. In OC there’s supposedly a couple thousand NOD’s sent out each month and a record number of defaults in the pipeline, but nothing is coming out of the other end of the pipeline. Combine that with all the potential sellers that are still underwater and stuck in their house, and there’s no supply.

Its actually kind of creepy sometimes. In our neighborhood there’s almost never two for sale signs in the same area at the same time. Only when the red “in escrow” sign pops up does another “for sale” sign appear. I think the banks have realized that dumping a million REOs on the market simultaneously is bad for prices and have acted accordingly. Equity sellers know with the current competition if they sit tight a couple weeks all their competition will get cleared out and they’ll be the only one on the market. Kinda weird how that works with so many people “just want a house”.

By: Susie

Susie — Tue, 13 Oct 2009 09:06:10 +0000

Terrific 9-minute video, Jim! If anyone wonders who you really are, and what you REALLY do, this video will provide some answers.

Um, Jim, what kind of stop did you do at that big red sign calling YOUR name? Oh, that’s right (pokin’ you in the ribs), you didn’t stop! I can’t even encourage you to choose the ol’ “Calfornia stop”–you know, the tap of the brake and then roll right on through. *Chuckle* Your foot never even went for the brake, did it?

FWIW, we all love your videos, but puh-leeze keep your eyes peeled for those big red signs. They’re there for a reason, and us folks out in Real Estate Land need you…

By: CA renter

CA renter — Mon, 12 Oct 2009 23:59:44 +0000

No shortage of shoes hanging from the power lines in that Aloha/Melba area, that’s for sure!

By: 3clicks from da beach

3clicks from da beach — Mon, 12 Oct 2009 17:20:57 +0000

CPD / CPL should be a new data point in or around Aloha / Melba. That is ‘Cars per Driveway’ / ‘Cars per Lawn’. There is also a white van that sells goodies in and around that neighborhood, but not to the sounds of ice cream music. Nice update.

By: jack

jack — Mon, 12 Oct 2009 17:01:53 +0000

Nice STOP!

By: doug r

doug r — Mon, 12 Oct 2009 15:43:20 +0000

Look, Jim can’t stop at every “Sop’, “Yeld” and “One Vay” sign. http://www.imdb.com/title/tt0462538/quotes

By: Funny Yunny the NAR Shill

Funny Yunny the NAR Shill — Mon, 12 Oct 2009 14:33:31 +0000

Here’s a limk to a disgraceful (what other kind does the NAR promulgate) comentary by their bought and paid for ‘economist’ funny yunny, jtr hero. http://seattlebubble.com/blog/

Draw your own conclusions. Would you ever listen to a Realtor for personal financual advice?

Pitchforks next.

By: François Caron

François Caron — Mon, 12 Oct 2009 13:03:24 +0000

That 1600 sqft house two minutes into the video. Did the builders bury part of the house into the ground? That pointy section on the right looks like it belongs on the second floor!

By: pemeliza

pemeliza — Mon, 12 Oct 2009 12:01:46 +0000

That house on Rubenstein was on a large lot (28749 sq. ft.) I’m not surprised it got bid up just for the land value. Looks like potential for a lot split if you just look at the lots next to it.

By: DKO

DKO — Mon, 12 Oct 2009 05:55:19 +0000

“But Jim: those octagonal red signs? They have a purpose.”

I was thinking the same thing.