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they estimate the "shadow inventory" to be around 500k to 1mil homes that the banks own but have not listed. you can see this by the number of foreclosures reported and the number of homes via MLS. the banks understand supply and demand and last yr i think it was them being retarded thinking...

this place seems like a wreck on the side of the street, but the driver is in denial and gets in his/her car and drives off like nothing happened while pieces of the car fall on the street. i am still in shock that people/investors have paid 3mil for some of these homes while the RE market was...

stuff like this ticks me off. people cant just control thier own issues and expect bansk/tax payers to absorb their errors. stop making payments and the banks will erase a few hundred thou and then everything is back to normal. buying coach purses like they are wallets, ordering $30 bottled...

thanks for the info. i really like YB but my wife says people tell her it gets too hot and there is no real "action" nearby as we like to go to restaurants and stuff. however, we are planning on having kids in the next 2yrs and i was explaining to her how that changes and it is more about...

for the past two weekends my wife and i have visited vista del verde to check out the ?new pricing? at the legends and masters. while driving there we stopped to see a 2003 area called kerrigan ranch. the homes look very nice and well manicured. we went and saw an open house. would anyone be...

mcmansion, are the schools good in lb for the shore and heights area. i have been starting to look at the heights because my wife likes it there but i prefer seacliff in hb and was just curious if you knew about the schools for lb (shore and heights)

hey custom, what does that chart/map show? sorry to have to ask.

i also like the cliffs, model 4 and the breakers, model 4 but when i first saw the prices, i was like , what the hell ? over 2mil with no view, you must be kidding me. i think the next block over there is a liquor store and laundry mat. when i saw the email about the 14 homes being sold, i was...

thank you for the info. yes, i like the feel and floor plans at KR as well. the prices are coming down in KR and my wife and i are looking here vs the new homes in vista. when you price a new home in vista with upgrades you might as well buy in KR with a bigger lot and less hassle.

i went to see the legends and masters, built by toll brothers, masters were about 1mil and 4000sq ft, legends were about 1.2mil and 4-5000 sq ft.

i have gone to see the homes up here the last two weekends and think it is a pretty nice area. has pretty good freeway access. only possible issue would be hot summer months ( i plan to check out in the months ahead) and the schools. i dont know too much about the schools but plan on doing my...

my wife and i have been here a few times and it is very good.

it is amazing how so many people bought rentals over the last 2-3yrs without realizing the rent was "inflated" because many people were priced out of the market . and because they were not willing to pay /couldnt afford to pay 3000mo for a fixer upper they decided to rent for 2500mo. now that...

for the past two weekends my wife and i have visited vista del verde to check out the "new pricing" at the legends and masters. while driving there we stopped to see a 2003 area called kerrigan ranch. the homes look very nice and well manicured. we went and saw an open house. would anyone be...

these are beautiful homes, standard pacific is the builder if i remember. i remember about 2yrs -3yrs ago , dont remember. i friend of a friend who was a mortgage agent at the time said he went with his boss (mortgage broker) to see the homes because the "boss" was interested in buying one...

i am surprised one sold/or is in escrow for 1.4mil. especially when you can get the big sierra home in portola on a prem view lot for 1.2mil. my wife and i went to see the MF model homes about 2yrs ago - 3yrs and i was so surprised that they were selling like hotcakes. we went back about...

yeah, i know what you mean. it is amazing how fast things are falling apart. i knew things would "pop" but its pretty fast and vicious. i am just getting anxious to pounce. hopefully real estate drops a fast 40% instead of 10% /yr for 4yrs LOL

i thought she was a out of work attorney or something driving that bimmer and heard she was in customer service and was looking for work to make the payment on the car, i was like WTF. she was probably making 60k, renting in oc for 1/3 her income, with 40k in a 401k. now unemployed at age 60...

thats cool. i havent yet received the march issue. do you know if the homes in OH or LC will be 3000 sq ft or larger? thanks.

just like they mentioned on the house of cards, when you had pizza delivery man becoming mortgage "consultants" and making 20k/mo - that says it all. my wife and i saw the train coming, but i am shocked it took so long. i was thinking a year or two earlier. still shocked it went on that long...