Comments on: Foreclosure Nation: Highest Foreclosure Quarter in History. On Pace for 3.5 to 4 million Foreclosure Filings for 2009. California Housing Market Bubble Update. More Speculation and more bubble economics. California true Unemployment Rate over 21 Percent.

By: Yaletown

Yaletown — Tue, 21 Jul 2009 08:11:18 +0000

“The first half of 2009 nationwide foreclosure filings topped the 1.9 million mark” !

The guys on Wall Street still continue to get rich and payout big bonuses too, good job people, give yourselves a pat on the back and try not to think about the Global economic disaster that you created.

By: wincompetent

wincompetent — Sun, 19 Jul 2009 03:34:35 +0000

Rpvrenter – I’m renting in San Clemente and I think Ladera and Talega prices will continue to drop. And what’s gonna happen to those HOA fees? I would think that’s one of the last thing people under water are paying. Will those HOA fees go up?
Hang in there – I’m know how you feel. I’m holding out to buy in San Diego.
Even if we don’t time the bottom exactly, it’s not like prices are gonna skyrocket by 20% annually.

By: martin

martin — Sat, 18 Jul 2009 23:24:42 +0000

Rob,

You are right about the Ca. tax credit but you need to think about the crazziness in Washington when thinking of the Federal credit.

Not only are the going to extend it, there is a good chance the will expand it.

By: Sabin Figaro

Sabin Figaro — Sat, 18 Jul 2009 18:33:34 +0000

Sorry DG. There’s got to be a better way to run a country. Too bad we all don’t work for Goldman instead of Walmart. I’ve seen the microcosm: Woman is used to exaggerated standard of living. Man goes to work and figures this will all somehow work out. Nobody has a clue about a real budget. Eventually they are so far underwater they couldn’t swim to the surface if they tried.

That the State and local governments profiteered in the Bubble and have left this state exposed to this tragedy is horrible. This is worse than the Enron scandal by far.

By: joee

joee — Sat, 18 Jul 2009 17:17:36 +0000

Absurdity…

“We’ve seen this with the loan modifications which amount to additional government sponsored option ARMs which virtually convert homeowners into long-term renters.”
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These two articles were posted to my local newspaper website at the same time…
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http://www.denverpost.com/theeconomy/ci_12861403
“Preparing for your loan modification” …. “Other things to watch out for, according to the Treasury Department: offers to buy the house and then rent it back to the homeowner, instructions to the homeowner not to contact the lender and false claims of government affiliation.”
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http://www.denverpost.com/theeconomy/ci_12860020
“Proposal would let foreclosed borrowers rent their homes” …. “A top Treasury Department official told a Senate panel Thursday that the government is considering a proposal to allow homeowners to stay in their home as renters after a foreclosure.”