"4 weeks and then all hell breaks loose"

NEW -> Contingent Buyer Assistance Program
"25 year old punk ass brat"

Says the 30 year old punk ass brat hypocrite.
 
"you mean bitch ass, paper shuffling, gopher boy for an agent who actually does business"

Graphrix doesn't like it when he's wrong.
 
"You weren’t the only one. Eerily similar. But according to their IP addresses, they are not logging in from the same location so that probably rules out a familial connection."

Psycho much?

And no, we don't sound anything whatsoever like each other. You are just pissed at having the light shone on your fantastic theories.
 
I got a feeling this thread just ended its usefull life.

So going to get my last words in.

I didnt see Skippy and Robert really make any points that overcome the Anecdotal History of the present decline in RE values.

No bottom is even close to being in sight. And the little "pimples" they could find were weak when examined closer.

Neither of them ever proved or substantiated any professional success in the RE market.

Robert we know has never closed anything but a car door. And Skippy stays quiet when we ask what his credential are.

I assume he is or was a Mortgage Broker or RE Sales now doing Mods.

Adios to this thread for me.
 
If Awgee's post summarized facts correctly, then 26 out of 70 were found in the sales pipeline. That proves my point (that Graphrix' analysis is garbage) rather nicely.

There are 70 REOs shown by Foreclosure Radar in the zip code 92656, that being a zip code in Aliso Viejo that Mr. Larsen chose for our experiment.

Of those 70 REOS;

5 are showing as “Active” on the MLS

3 are showing as “Back Up Offers” on the MLS

1 is showing as “Hold Do Not Show” on the MLS

12 are showing as “Pending” on the MLS

and 5 are showing as “Sold” on the MLS

which means

that of the 70 showing on FR, 44 are “shadow inventory”.

And another thing: you also ignored 3rd party trustee sales. And don't even try to say they are excluded already.
 
bltserv said:
I got a feeling this thread just ended its usefull life.

So going to get my last words in.

I didnt see Skippy and Robert really make any points that overcome the Anecdotal History of the present decline in RE values.

No bottom is even close to being in sight. And the little "pimples" they could find were weak when examined closer.

Neither of them ever proved or substantiated any professional success in the RE market.

Robert we know has never closed anything but a car door. And Skippy stays quiet when we ask what his credential are.

I assume he is or was a Mortgage Broker or RE Sales now doing Mods.

Adios to this thread for me.
Click to expand...

That's weak, brother.
 
"Anecdotal History of the present decline"

Is that like Jumbo Shrimp?

"No bottom is even close to being in sight"

A year of static prices doesn't constitute "in sight"?
 
This year has been an extraordinary time by many measures (e.g. interest rates, foreclosures, unemployment, moratoriums, tax credits, etc.). And the housing market has responded in seemingly bizaare fashion to all this noise.

Unfortunately, we are not going to come up with any information that will indicate exactly what will happen. Hopefully, we can get closer to the outcome by sharing relevant data and analysis. However it is critical to short-circuit the psychological traps plague decisions under uncertainty, most notably in this instance confirming evidence bias. It is obvious that pretty anyone whose income is related to real estate prices "believes", or at least has a very strong incentive to believe, that prices are stabalizing or going up. It is also obivous that anyone who is sitting on the sidelines waiting to buy, the desire to maximize the utility of the next house purchase leads to a strong incentive to believe those declines are inevitable.

I read some recent studies regarding the predictive power of pari-mutuel type betting. Perhaps IHB can put together a system to wager on home prices. It might serve as a means to distill the expectations for home prices into a quantity.
 
graphrix said:
RoLar_USC said:
Once again graphy, you're wrong... I wasn't lazy, unlike you, and I went back and found the original topic starter...

And you continue to try to use credentials, right after you said I always do.. lol. Multiple personalities or what? Well will one of your personalities post something about your credentials, outside IHB.

Where did I not properly source my data?

Did newportskipper and I not manage to cross off over half your list of REOs? Is checking title not a good enough source for you? Please tell me more how I made up excuses.

Keep trying to get personal, it just further shows the weakness in your argument. Let me know when you're confident enough to answer my personal questions...
Click to expand...

First, here is where you asked me specifically for the data, but then you deleted it...

graphrix said:
RobertLarsen said:
.
Click to expand...

What's up with that? Do you want the data or not? If you're bored, I just saved you a cleaned up spreadsheet of all 468 REOs in 92656, including the historical records for you. I was hoping to welcome you to my world, and the data combing I deal with on a daily basis, but if you don't want it...

I'm going to hop in the shower (don't get excited pretty boy), and if you change your mind and still want it, I will pm you the info.
Click to expand...

Second, you and skippy didn't even cross off half of the REOs on my list, and you continued to exclude the ones that had been foreclosed on but your data source is slow and states that they aren't. You continue to exclude data, admit it, you want to exclude it. I keep proving it is there. Checking title from a title company is delayed, I have sources that are updated daily. Check title all you want, just because the bank doesn't come up as the owner on title doesn't mean that it isn't the owner. You do know there is a delay from when the foreclosure happens at the auction, and when the trustees deed actually gets recorded, right?

Lastly, you don't have any credentials, so don't worry about it.
Click to expand...

Same goes to you buddy, sooo keep talking...

Now, not only are you lazy but you're incompetent. Look at the date that you are quoting and look at the date I was quoting... it's not rocket science, which one came first?

What sources? Can I check your sources? Don't say foreclosure radar because they have a very clear states: "We try really hard to ensure our data is accurate, but unfortunately, we cannot guarantee the accuracy of our data as we gather it from a variety of sources."

And yes, there is a short delay, but it would still show a notice of default or a pre-forclosure status. None of which did, and in fact, many showed that it had already gone through the bank and was in the hands of a new owner, which leads to only one conclusion... Your updated daily sources were outdated and wrong.
 
IrvineRenter said:
RoLar_USC said:
Now, not only are you lazy but you're incompentent.
Click to expand...

We can do without phrases like that one....
Click to expand...

If graphy keeps trying to dish it out then I will continue to give it to him. And, if I'm not allowed to say stuff like that but he can say...

graphrix said:
... you just proved you are 25 year old punk ass brat from USC, who doesn't know squat about RE or how to source proper data. You still have never done a single RE transaction ever... team... you mean bitch ass, paper shuffling, gopher boy for an agent who actually does business... yeah, that doesn't count.
Click to expand...

do what you must...
 
RoLar... where did you get the idea for this article?

http://occoastalnews.com/?p=609

I still think your definition of shadow inventory is too strict but one word of advice, please use spell check. It may only be a blog but if you are planning to really make a career out of real estate, you should try to reduce as many errors as possible because if you make mistakes typing simple words, it reflects on your ability to provide accurate data (although I guess spelling isn't really a prerequisite in MLS descriptions... but NewSkip might lambaste you).
 
irvine_home_owner said:
RoLar... where did you get the idea for this article?

http://occoastalnews.com/?p=609

I still think your definition of shadow inventory is too strict but one word of advice, please use spell check. It may only be a blog but if you are planning to really make a career out of real estate, you should try to reduce as many errors as possible because if you make mistakes typing simple words, it reflects on your ability to provide accurate data (although I guess spelling isn't really a prerequisite in MLS descriptions... but NewSkip might lambaste you).
Click to expand...

You're right, that was pretty bad.

The idea came from the same place as it did when I posted it on this thread, my head.
 
graphrix said:
... you just proved you are 25 year old punk ass brat from USC, who doesn't know squat about RE or how to source proper data. You still have never done a single RE transaction ever... team... you mean bitch ass, paper shuffling, gopher boy for an agent who actually does business... yeah, that doesn't count.
Click to expand...

I don't know what to say....
 
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