4 Comments

1. 

   avgjoe on May 7, 2012 at 6:43 am

   by the time these folk finally get it right it will be too late to buy.

2. 

   Jim the Realtor on May 7, 2012 at 7:19 am

   I guess the big mouth wasn’t watching the day I was on there and said foreclosures are good – we need the inventory.

   I wish they would run every single defaulter out of their squat fest today.

   In San Diego County currently:

   Properties on NOD and NOT lists: 11,226

   Closed MLS sales this year: 11,101

   How many of the defauters are strategic, just looking for a free ride until their loan mod gets through? Half? Wouldn’t they buck up and start paying if the banks said in or out?

   We could get through this in a year or two while rates are ultra-low, or we can rant about shadow inventory and throw around all the other buzzwords.

3. 

   3rd Generation on May 7, 2012 at 7:41 am

   What thinking person would base any financial decision on what the TV ‘news’ cartoon characters are pimping today, this week, this cycle, etc.

   What they really should concern themselves with is what flavor ice cream Grandpa Greed is licking today down in Omaha…

   Bull run on Vanilla?

   PT Barnum was Right.

   p.s. The right 25 or so motivated bikers could solve the squatting problem virtually overnight. Think about it.

4. 

   Thaylor Harmor on May 7, 2012 at 7:15 pm

   When we were paying $1800/month on rent we decided to finally buy.