tag:blogger.com,1999:blog-31427364.post1285207964850243..comments2024-03-26T03:52:23.395-07:00Comments on Housing Analysis: Homebuyers line up in Pitt Meadowsmohicanhttp://www.blogger.com/profile/06094213357140749289noreply@blogger.comBlogger15125tag:blogger.com,1999:blog-31427364.post-57116626893977612962007-01-24T13:43:00.000-08:002007-01-24T13:43:00.000-08:00California foreclosure sales up 600% from a year a...<a href="http://www.dqnews.com/RRFor0107.shtm">California foreclosure sales up 600% from a year ago.</a><br /><br />"Trustees deeds, or actual foreclosure sales, recorded on homes totaled 6,078 during the fourth quarter, up 76.9 percent from 3,435 for the previous quarter, and <b><i>up 595.4 percent</i></b> from 874 for last year's fourth quarter. Foreclosure sales peaked at 15,418 in third-quarter 1996, and hit a low of 637 in the second quarter of 2005."Alpha_Bearhttps://www.blogger.com/profile/05599262809240948196noreply@blogger.comtag:blogger.com,1999:blog-31427364.post-28107865472425912292007-01-24T13:23:00.000-08:002007-01-24T13:23:00.000-08:00Here are a few websites which detail the extent of...Here are a few websites which detail the extent of the beginnings of the Californian real estate crash.<br /><br /><a href="http://flippersintrouble.blogspot.com/">Sacramento Flippers in Trouble</a><br /><br /><a href="http://www.foreclosures.com/">Foreclosures.com</a><br /><br />I was able to use the Foreclosures website yesterday without logging in, but it looks like we'll have to sign up now to see the extent of the carnage. I was shocked to see how many homes are being foreclosed at the moment. I chose to look at Orange county, since that's where my brother-in-law and his wife live. They sold their condo there last year, and are now happily renting as the real estate world collapses around them.Alpha_Bearhttps://www.blogger.com/profile/05599262809240948196noreply@blogger.comtag:blogger.com,1999:blog-31427364.post-29821228212951235862007-01-24T09:11:00.000-08:002007-01-24T09:11:00.000-08:00All of the west coast seems to move at the same ti...<b>All of the west coast seems to move at the same time. Their corrections were in '81, '89, & '95 just like ours. The geography and economics are very similar, ours is just on a 1/10th scale to California!</b><br /><br />Perhaps, but we haven't begun to see the <a href="http://realestatehaircuts.blogspot.com/"> current California-style price haircuts </a> in Vancouver yet.rentahhttps://www.blogger.com/profile/15702043040945599471noreply@blogger.comtag:blogger.com,1999:blog-31427364.post-42559445456832862792007-01-23T20:01:00.000-08:002007-01-23T20:01:00.000-08:00Boom, not bad, just trying NOT to be mischievous.
...Boom, not bad, just trying NOT to be mischievous.<br />Thanks.van-realestate-crashhttps://www.blogger.com/profile/00483503882108490461noreply@blogger.comtag:blogger.com,1999:blog-31427364.post-70910843166499452972007-01-23T19:37:00.000-08:002007-01-23T19:37:00.000-08:00Salut, Tulip,
Ca va?Salut, Tulip,<br /><br />Ca va?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-31427364.post-80068684170289963532007-01-23T19:35:00.000-08:002007-01-23T19:35:00.000-08:00Hey Boom:
d'accordHey Boom:<br />d'accordvan-realestate-crashhttps://www.blogger.com/profile/00483503882108490461noreply@blogger.comtag:blogger.com,1999:blog-31427364.post-67109347201961453582007-01-23T19:07:00.000-08:002007-01-23T19:07:00.000-08:00Yes, Mohican, this is what I have come to realize ...Yes, Mohican, this is what I have come to realize after studying a variety of graphs/charts over the years.<br /><br />I actually used to think that we were ALONE.<br /><br />Not a chance. The peaks aand troughs of previous cycles here in Vancouver/B.C. are reamarkably similar to California.<br /><br />It would be interesting to know the reason why...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-31427364.post-21692654822871442602007-01-23T18:32:00.000-08:002007-01-23T18:32:00.000-08:00"I believe we track California VERY closely."
All..."I believe we track California VERY closely."<br /><br />All of the west coast seems to move at the same time. Their corrections were in '81, '89, & '95 just like ours. The geography and economics are very similar, ours is just on a 1/10th scale to California!mohicanhttps://www.blogger.com/profile/06094213357140749289noreply@blogger.comtag:blogger.com,1999:blog-31427364.post-50640574655373297002007-01-23T16:48:00.000-08:002007-01-23T16:48:00.000-08:00"Where do all of these people work? Where are the ..."Where do all of these people work? Where are the jobs? Schools? Roads? Is the land safe from flooding, contamination, and erosion?"<br /><br />Puzzling isn't it.<br /><br />But, I do believe the people who line up are paid quite well to do so.van-realestate-crashhttps://www.blogger.com/profile/00483503882108490461noreply@blogger.comtag:blogger.com,1999:blog-31427364.post-1851767637789762652007-01-23T15:43:00.000-08:002007-01-23T15:43:00.000-08:00I disageee about the timing. I believe we track Ca...I disageee about the timing. I believe we track California VERY closely.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-31427364.post-66602979469996544032007-01-23T15:37:00.000-08:002007-01-23T15:37:00.000-08:00I am leery of buying anything built during a boom ...<b>I am leery of buying anything built during a boom time like the past 3-4 years for quality reasons. </b><br /><br />I've been saying that for a while myself. The high demand for tradespeople will likely result in a lot of people doing tasks that they're unqualified to do. Not to mention the weather we've received this year; how much concrete do you think was poured or allowed to set at temperatures outside of the range for this type of work?ADWeaverhttps://www.blogger.com/profile/11309725717458686525noreply@blogger.comtag:blogger.com,1999:blog-31427364.post-40009907998340764202007-01-23T15:19:00.000-08:002007-01-23T15:19:00.000-08:00"They are sure nice looking. Too bad after 5 years..."They are sure nice looking. Too bad after 5 years they will start showing wear and tear."<br /><br />I am always amazed at how easily people are wooed by the marketing hype and external appearances for most products - form before function. Your comment rings true - what about when that lustre is worn and all you have to remember the former beauty of your home is your mortgage payment, property taxes, and utility bills. Oh the splendor!<br /><br />When I upgrade I am looking to build my own home on a larger vacant lot or buy an older home on a large lot and renovate. I am leery of buying anything built during a boom time like the past 3-4 years for quality reasons.mohicanhttps://www.blogger.com/profile/06094213357140749289noreply@blogger.comtag:blogger.com,1999:blog-31427364.post-21132924402758475442007-01-23T14:51:00.000-08:002007-01-23T14:51:00.000-08:00I have a strong hunch that we are about a year beh...<b>I have a strong hunch that we are about a year behind the US.</b><br /><br />I agree, at present, but there may be a 'catch up' effect as psychology changes: once we see stagnation here and we know where it headed stateside, prices may fall earlier than expected by the 'one-year-lag model'.rentahhttps://www.blogger.com/profile/15702043040945599471noreply@blogger.comtag:blogger.com,1999:blog-31427364.post-70662627442511348502007-01-23T11:13:00.000-08:002007-01-23T11:13:00.000-08:00I would like to add a prediction as well.
US Hous...I would like to add a prediction as well.<br /><br />US Housing Market made a turn in the Summer of 2005, Ours Summer of 2006.<br /><br />US Market stumbled along in 2006 with a lot of mixed signals. Our Market will probably do this in 2007.<br /><br />US Market is starting to show serious signs of decline in 2007. <a href="http://thehousingbubbleblog.com/?p=2223">LINK</a> We will probably see the same in 2008.<br /><br />I have a strong hunch that we are about a year behind the US.Uncertain Buyerhttps://www.blogger.com/profile/05314820003021029869noreply@blogger.comtag:blogger.com,1999:blog-31427364.post-23394180034758749642007-01-23T09:15:00.000-08:002007-01-23T09:15:00.000-08:00They are sure nice looking. Too bad after 5 years...They are sure nice looking. Too bad after 5 years they will start showing wear and tear.<br /><br />I bought in a new neighbourhood about 8 years ago and it is not the same as it used to be.<br /><br />My next house will be an older home on a nice lot. The lot and location will be first priority then the home will be the second.<br /><br />The house always depreciates while the land is what does all the appreciating.Uncertain Buyerhttps://www.blogger.com/profile/05314820003021029869noreply@blogger.com