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  1. O

    Housing Rolling Along 2

    an interesting read...owp http://www.itulip.com/reportfromthefront.htm#Rural_Property_Owners March 25, 2006 - High Commuting Costs Push Rural Property Owners Past the Tipping Point by Down but not Out in Rural U.S.A. What is happening here is not unique but is...
  2. O

    Housing Rolling Along 2

    Apt timing for this article, the 10 year treasury today is at a 4 year high, the trend is not the friend for up to 80% of borrowers in bubble zones. Months ahead will be painful and the weak hands will have their trees shaken hard...OWP...
  3. O

    Housing Rolling Along 2

    Certainly it might be possible we may have bouncing cats along the way...but I don't see that as of yet. Just the steady hiss of the sham bubble deflating. National Median Prices: Oct. 05..$243,900 Nov. 05..$237,300 Dec. 05..$236,800 Jan. 06..$234,200 Feb. 06..$230,400...
  4. O

    Housing Rolling Along 2

    YOY Percentage sales volume declines: SFH/Condos -24%, -50%..Daytona Beach -25%, -27%..Fort Lauderdale -9%, -44%..Fort Myers-Cape Coral +6%, -38%..Fort Pierce-Port St. Lucie -21%, -48%..Fort Walton Beach -6%, +35%..Gainesville -1%, na….Jacksonville -11%...
  5. O

    Housing Rolling Along 2

    U.S. Feb. new home sales down 10.5% to 1.08 mln units By Greg Robb Last Update: 10:00 AM ET Mar 24, 2006 WASHINGTON (MarketWatch) - U.S. new home sales slumped 10.5% in February to their lowest level since May 2003, the Commerce Department estimated Friday. The decline was larger than...
  6. O

    Housing Rolling Along 2

    In my area from 1980-84 there was a real estate decline of about 25%...at least. Perhaps if Robert Campbell is still reading this thread he can fill in the exact amount as his area in San Diego tracks almost exactly the Los Angeles/Orange/Ventura areas. This today about the "numbers" the NAR...
  7. O

    Housing Rolling Along 2

    This segment just finished airing a few minutes on the national ABC Nightly News... http://www.abcnews.go.com/Video/playerIndex?id=1752600 "The payments went from $1,700 a month almost to $3,000 a month, so this being my first home, my dream home, I had to lose it."
  8. O

    Housing Rolling Along 2

    One good way to avoid the new BK rules is just to leave the country like this moron...OWP
  9. O

    Housing Rolling Along 2

    http://www.prosper.com/public/lend/listing.aspx?listingID=1789 "I plant to do some minor painting in the home and then sell it in a few months. " "Thank in adance for trusting in my hability to invest and re-pay the funds that you have kindly lent me."
  10. O

    Housing Rolling Along 2

    Like little money "acorns"...hey, maybe squirrels are on to something, saving for the future??? Novel idea!
  11. O

    Housing Rolling Along 2

    I would agree they should go BK, at least under the old laws it would be a no brainer. And going BK sooner rather than later would help them get a fresh start, some people wait years and limp along prolonging the anguish, then eventually go BK anyway. But the new BK laws are a different...
  12. O

    Housing Rolling Along 2

    I think we will see more and more of this coming soon...can't re-fi, please help us, say a prayer, sickness, divorce, job loss....welcome the new comp in the neighborhood as the marginal weak hands slip under the still waters... the bank eventually sells the house in a declining market. Note...
  13. O

    Housing Rolling Along 2

    http://www.marketwatch.com/News/Story/Story.aspx?guid=%7B3D4BD4AD%2D51A5%2D4718%2D88A8%2D9A568B0E72BC%7D&dist=newsfinder&siteid=google&keyword= St. Louis Fed President William Poole..."Indeed, given that bubbles always burst -- if there is no burst there was no bubble -- clear advance evidence...
  14. O

    Housing Rolling Along 2

    http://www.latimes.com/business/la-fi-poll8mar08,0,6136361,full.story?coll=la-home-business “More than one quarter of those who have adjustable-rate mortgages say they aren’t sure they’ll be able to make their monthly payments if their interest rate goes up. These loans have been...
  15. O

    Housing Rolling Along 2

    A little pleasure reading...this Seattle investor is blogging his "investments", his vacations, and his debt. Wonder if he will continue writing when he is going down in a ball of flames??? OWP http://seattlerei.blogspot.com/
  16. O

    Housing Rolling Along 2

    When will it stop? First, there was the Centex 12-hour sale (February 11, 2006). Save $50,000-150,000! "Homebuyers who have been considering a new Centex home won't want to wait a minute longer," said Patrick D'Arcangelo, vice president of sales and marketing. "Our 12-hour sale is their...
  17. O

    Housing Rolling Along 2

    Florida in a bloodbath... http://www.heraldtribune.com/apps/pbcs.dll/article?AID=/20060305/BUSINESS/603050435 “At a Thursday meeting of the Sarasota Association of Realtors, veteran broker Candy Swick held her own informal poll, asking the roughly 300 in attendance to raise their hands...
  18. O

    Housing Rolling Along 2

    The next "bubble" might be in divorce stats...as we see stories like this more and more on real estate blogs and in the news. It is usually one spouse or the other that drives these “investments”. Gee whiz, what happened to all that "demand" we had???..OWP How to Lose One Hundred...
  19. O

    Housing Rolling Along 2

    Another flipper blinks? OWP
  20. O

    Housing Rolling Along 2

    Kinda sad actually...this sort of thing to be repeated over and over once the toxic mortgages reset. OWP
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