Comments on: 6-5 Beware Real Estate False Bottoms

By: Kristine Kamal

Kristine Kamal — Sat, 03 Jul 2010 01:47:13 +0000

How did you get to be this good? Its amazing to see someone put so much passion into a subject. Im glad I came across this and Im glad I took the time to read on past the first paragraph. You’ve got so much to say, so much to offer. I hope people realise this and look into your page.

By: Redwoodcity Real Estate

Redwoodcity Real Estate — Thu, 24 Jun 2010 22:41:25 +0000

Nice Post. Today the news reports that new home sales plunge again after expiration of the tax credit. I am afraid that this type of news will dominate the industry for years to come.

By: Devona Redbird

Devona Redbird — Tue, 30 Mar 2010 20:48:59 +0000

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By: saskatoon mortgage

saskatoon mortgage — Thu, 18 Feb 2010 21:53:50 +0000

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By: Ethan

Ethan — Mon, 23 Nov 2009 17:53:55 +0000

The person who makes a success of living is the one who see his goal steadily and aims for it unswervingly. That is dedication.

By: Matt freeman

Matt freeman — Sun, 05 Jul 2009 15:56:37 +0000

Mark,
phenomenal insight. You took everything that I was thinking and more and spelled it
out graphically and in a well written manner. Sacramento has really shown a false bottom side of things as we have 57% homes sold in under 30 dom’s. My buyers have written as many as 40 offers before they could actually get an acceptance. Demand is high and inventory in that range is low but my belief has been due to moratorium only. I have several reo broker friends that say they are getting several new listings in the coming months and if they are all plopped on out market will revert to 1 year ago when inventory was saturated sale to list price was below list. Prices have still dropped without an abundance of inventory. 18 total million + sales in placer county this year and price per square foot 224 while list prive per square foot 400 range. High end foreclosures are coming still. High end sellers traditional cannot compete with that disrepancy in price per square foot. Lastly at some point the banks will have to allow those who short sold a property to buy again or we will run out of buyers completely. As it is some that are in the market should not be. In the 80’s people short sold and bought again. Jobs are hard to come buy and those that are nervous about work won’t buy. I have had more than one client lose their job after purchase or take severe salary decrease. If they foreclose on an FHA loan I originated it is on me as an originator. My rating or companies rating with HUD goes up and we can put in jeopardy of losing our abity to do FHA 70% o our companies closing now. I don’t think most originator understand this. Thank you for your wonderful posts. I will be subscribing.

By: JC

JC — Sun, 14 Jun 2009 13:56:31 +0000

Mark,
Any opinions about the impact of (yet another) 90 day CA moritorium?

By: Noz

Noz — Sun, 14 Jun 2009 09:11:03 +0000

bought at the wrong time:

I said government REGULATION…not government MONEY.

Government is compartmentalized. Not all people in the government are corrupt of course.

The current situation in housing, banking, and money has gotten so out of hand that a certain amount of exposure of the inner workings of the corruption scheme has peeped through.

This has exposed the bankers, the RE industry, Wall Street, people on the street, and government’s own action/inaction and charade it plays with everyone through the biggest of all scams…the Fed.

People in this country ARE lazy. This sh^t is going down in front of their faces yet we don’t see an uproar, we don’t see people on the streets demanding change…not just through piss-ant ways like voting. That’s a joke.

This is due to two reasons…one being that a good portion of the population are cut from the same cloth as the corrupt bastards in these industries and organizations. So for them this crap only helps them get wealthier quicker.

The other reason is somehow the current mental structure of people is they simply don’t care…they want everything to be done for them without thought or effort…i.e. lazy. Yet when it is done, it’s not what they want…yet they don’t want to become involved to fix the problems.

Nothing in this country is going to change or get better until people really stand up for what they believe in with conviction and real effort. Democracy is a hard gig to run…it’s a full time job for every person in a democratic country. This ain’t no democracy I can tell you that.

By: Wonton

Wonton — Sun, 14 Jun 2009 03:07:52 +0000

“I don’t feel sorry for the ones who lose their homes, but I don’t blame them either, they are merely pawns in this game”

They’re players in the game.

By: bought at the wrong time

bought at the wrong time — Sun, 14 Jun 2009 01:49:18 +0000

noz can you clarify this :
“Government involvement is necessary in this case”

“The biggest problem is that the corruption is at the top too. Let’s not think for a moment that government officials and groups were in the dark about Wall Street, Main Street, and the whole thing. They just sat back and collected the fees, taxes, and monies gained on RE.”

so you want the gov involved- even tho they are corrupt?
no really i am not being sarcastic, i think i am too stupid and lazy to understand. (ok that was sarcastic)