tag:blogger.com,1999:blog-22535876.post2164560217629437389..comments2023-10-20T07:59:45.124-07:00Comments on Sonoma Housing Bubble : Train Wrecks are Train WrecksAthenahttp://www.blogger.com/profile/15944962059749126687noreply@blogger.comBlogger15125tag:blogger.com,1999:blog-22535876.post-40836233686203859482007-03-21T23:10:00.000-07:002007-03-21T23:10:00.000-07:00elliot ness was a tool of standard oilelliot ness was a tool of standard oilAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-22535876.post-50292893714739009662007-03-21T23:09:00.000-07:002007-03-21T23:09:00.000-07:00cant smoke em, cheap, gotta pay taxcant smoke em, cheap, gotta pay taxAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-22535876.post-19113182667762345992007-03-21T23:08:00.000-07:002007-03-21T23:08:00.000-07:00what value? tulip bulbs, still 1 make 6?what value? tulip bulbs, still 1 make 6?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-22535876.post-13853468604125986872007-03-21T23:04:00.000-07:002007-03-21T23:04:00.000-07:00access to one of the worlds largest fresh water re...access to one of the worlds largest fresh water resourses and the railyards of Canadas basic material commodities??? 125,000?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-22535876.post-21536349647658369802007-03-21T23:01:00.000-07:002007-03-21T23:01:00.000-07:00bummer dude!bummer dude!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-22535876.post-37990167152591441912007-03-21T23:00:00.000-07:002007-03-21T23:00:00.000-07:00bummer dude, detroit manufactures mansions selling...bummer dude, detroit manufactures mansions selling for 125,000Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-22535876.post-81417487523506090382007-03-21T22:58:00.000-07:002007-03-21T22:58:00.000-07:00are you telling me that i can not borrow housing a...are you telling me that i can not borrow housing anymore and make twice the average,average income anymore, while paying the banks lenders and depositors less than the owners rent equivelent {not ownership inflation}{because}anymore,{because we want savers screwed}anymore????Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-22535876.post-68294289152826600552007-03-16T05:43:00.000-07:002007-03-16T05:43:00.000-07:00Will Friday be an economic doomsday?http://infohyp...Will Friday be an economic doomsday?<BR/><BR/><A HREF="http://infohype.blogspot.com" REL="nofollow">http://infohype.blogspot.com</A>Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-22535876.post-29388710809830677192007-03-05T19:32:00.000-08:002007-03-05T19:32:00.000-08:00"right... we exude success....Yep, and for a lot o..."right... we exude success....<BR/><BR/>Yep, and for a lot of folks, it was debt, debt and more debt.Lisahttps://www.blogger.com/profile/00536167771093109826noreply@blogger.comtag:blogger.com,1999:blog-22535876.post-69576093404240098142007-03-05T19:28:00.000-08:002007-03-05T19:28:00.000-08:00Lisa,I had a flashback when i read the third parag...Lisa,I had a flashback when i read the third paragraph of your post.when i was young,i accompanied my father on a number of appraisals,one of them a custom meat processor for high end restaurants.we left with several pounds of "prime" grade beef.I have never forgotten the sight and smell of those carcasses on the hooks in that cold room.that is the current condition of many "prime" borrowers.there are still buyers out there,i am acquainted with 3 people who have bought in the last 6 weeks.i keep my mouth shut about the market around them because anyone who is stupid or delusional enough to buy now is dangerous.so "i'm glad you got what you wanted",gotta go.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-22535876.post-45116388802487780492007-03-05T19:21:00.000-08:002007-03-05T19:21:00.000-08:00right... we exude success, it is different here, C...right... we exude success, it is different here, California is god's country, (marin in particular and Sonoma is at least his weekend place) and we all make $200k and we will all be fine here, those sup-prime people must be in other states. Right? <BR/><BR/>How many conversations are happening right now among the RE believers just like that one?Athenahttps://www.blogger.com/profile/15944962059749126687noreply@blogger.comtag:blogger.com,1999:blog-22535876.post-62055990245142499592007-03-05T18:38:00.000-08:002007-03-05T18:38:00.000-08:00I mean, didn't we all just live through the Dot.co...<I>I mean, didn't we all just live through the Dot.com meltdown here? Really, people.</I><BR/><BR/>Indeed. Some of us felt the meltdown acutely (and learned), but I'll guess most people still do not see the connection between these two events. After all, us Bay Areans exude success, so the downside risk cannot possibly overtake the local consensus. Oops--surprised again!<BR/><BR/>Smart move on selling your house. You must have detected a trend, and had better sense than to "time the market."marine_explorerhttps://www.blogger.com/profile/03092782038855356359noreply@blogger.comtag:blogger.com,1999:blog-22535876.post-41456980279527391082007-03-05T18:04:00.000-08:002007-03-05T18:04:00.000-08:00Still, MSM is calling this a "subprime" problem. I...Still, MSM is calling this a "subprime" problem. I wonder at what point it becomes obvious that this problem is way, way beyond subprime only.<BR/><BR/>Think of all the buyers who stretched, the buyers who have tapped equity, refi'd multiple times, etc. And wait for the foreclosures to hit the market. Banks won't sit around and wait for a "wishing price." Fewer people able to buy, fewer people able to re-fi their way out of this mess with tighter lending standards. <BR/><BR/>And are you still prime if you're $100K underwater on your house? <BR/><BR/>I'm so, so glad I sold in 2004. And I have no pity for anyone in the Bay Area who bought into this madness. I mean, didn't we all just live through the Dot.com meltdown here? Really, people.Lisahttps://www.blogger.com/profile/00536167771093109826noreply@blogger.comtag:blogger.com,1999:blog-22535876.post-91330245656528501702007-03-05T07:58:00.000-08:002007-03-05T07:58:00.000-08:00anyone who is surprised that there is a problem wi...anyone who is surprised that there is a problem with "prime" loans has been working real hard not to notice."prime" meant you had a 720 score when you secured the loan.period.it says nothing about DTI,underwriting,appraisals,or any of the other factors that a prudent lender might consider.still an almost 20% delinquency rate on ANY kind of loan is staggering.Pawnshops do better than that,and they have security.anyone who considers a 90% plus loan made in the last 2 years a secured debt needs help.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-22535876.post-58283908170792673732007-03-04T19:35:00.000-08:002007-03-04T19:35:00.000-08:00a reliance on fantasy will only prolong the pain t...<I>a reliance on fantasy will only prolong the pain that is racking the huge and important mortgage market</I><BR/><BR/>Classic.Anonymousnoreply@blogger.com