Comments on: October Foreclosure Tally

By: mikewarren

mikewarren — Fri, 13 Nov 2009 11:30:06 +0000

It’s a good news! Meaning to say that real estate business is good nowadays. :):)

By: Local Boy

Local Boy — Fri, 13 Nov 2009 04:16:17 +0000

SD is now actually trending down in housing defaults.

http://www.nctimes.com/business/c5ab36be-09f9-540f-bd6a-8006a4629fe2.html

Also–xactly what Jim had reported with the 3rd party purchases at the Trustee Sale–up 381% from last year.

By: Alicia

Alicia — Fri, 13 Nov 2009 03:40:12 +0000

Or, she’s sitting on 500k in liquid cash.

Trust me – shes not…

By: Dudesdad

Dudesdad — Fri, 13 Nov 2009 01:49:56 +0000

It’s true that it looks as if things could bottom out in summer 2010. It’s probably because there’s a group of star worshippers who are predicting the end of the world in 2010.

By: Geotpf

Geotpf — Thu, 12 Nov 2009 23:15:08 +0000

Depends on prevailing rents in her area, and Mello Roos fees, and insurance costs, and HOA fees, and how often she moves, and…

By: shadash

shadash — Thu, 12 Nov 2009 22:27:49 +0000

Alicia,

“Sadly – she is still now renting 20+ years later…”

Or, she’s sitting on 500k in liquid cash.

By: Alicia

Alicia — Thu, 12 Nov 2009 22:23:29 +0000

In re: the bottom calls, I find it very important to be flexible in their thinking.

I know someone who waited out the late 80’s early 90s bubble. She stubbornly refused to accept the factual bottom in 1996 because prices didnt reach her predetermined level of what the bottom would be. She continued to believe it was a “dead cat bounce” or that the bottom was always “one year away”.

Sadly – she is still now renting 20+ years later…

By: 3clicks from da beach

3clicks from da beach — Thu, 12 Nov 2009 20:59:26 +0000

Jim,

How about a new run on Beefy-T with famous housing quotes and their dates on the front/back?

By: ice weasel

ice weasel — Thu, 12 Nov 2009 20:53:57 +0000

Another shilled forecast.

A year ago it may have looked as though 2010 could be a bottom. Ad plus 10% unemployment and a “recovery” that is more news story than reality and it’s not difficult to say that calling a bottom in March of 2010 is BS.

But I’m open minded. Let’s see what would have to be described as a nearly miraculous recovery in this and the next quarter and maybe things will look better. I’m not betting on it now and I doubt I would change than in the next five months but I’ll admit it’s possible.

Right along with someone here having the next winning Lotto numbers.

From my perspective anyone deriding bears for being too negative has their own agenda to fulfill and isn’t looking all that closely at the bigger picture.

By: UCGal

UCGal — Thu, 12 Nov 2009 18:38:31 +0000

If California ranked 2nd and Florida ranked third – who was first?
I’m guessing Arizona or Nevada…