HAPPY NEW YEAR 2011! HAPPY NEW YEAR 2011! HAPPY NEW YEAR 2011! I assume that a lot of us will be celebrating surviving 2010 and looking forward to a great 2011!
12/31/2010
MERRY CHRISTMAS TO EVERYONE! Enjoy fun and family this weekend. See you just before the new year. Tom Waite, Real Estate Broker
12/24/2010
The last time our Government tried to 'MONITIZE' the National Debt was when Jimmy C got the Ugly Stick from, Gerald Ford who got it from, Richard Nixon (who TRIED price controls - did not work out well) who got it from LBJ...as a result of the GREAT SOCIETY!!! SEE HOW OLD I AM? The financial blog
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12/23/2010
SOUTHERN CALIFORNIA DEVELOPERS HAVE THE SHORTEST MEMORIES (DO THE DARNDEST THINGS?). EVEN IF WE MEASURE EVERYTHING IN BOOMER YEARS (Everything that has happened since 1955 when most Boomers gained actual "consiousness") there is no accounting for why, in a Perennialy Hot and cyclicly ultra rainy
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12/22/2010
If you want to see how very dire the State deficit problems are becoming, Google 60 Minutes from last night and watch the video about all of it. Apparently, it isn't going to belong before all of this gets REAL UGLY! So.........how does that real estate recover start, again?...I'm just askin'! I
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12/20/2010
The WSJ story begins (copy and paste into Google if you'd like)... Headline! ...And, So It Begins: The Public-Sector Ponzi Scheme is Collapsing! What they're saying is that California taxpayers' pension obligations are staggering, nearly $60,000 per Los Angeles household and $76,000 per San Franc
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12/19/2010
2012 WILL, AGAIN, BE THE YEAR OF SHORT SALES AND REOs! (It is said that all CAPS implies...YELLING!) WHO IS THAT FUNNY LITTLE GEEK GUY THAT WORKS FOR C.A.R. & WHY DOESN'T "HE" TELL US THE THINGS LISTED BELOW? (and how does he possibly draw a paycheck for his continued inaccuracy?). YOU KNOW, TH
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12/17/2010
THE PER CENTAGE OF UNDERWATER HOMES (mortgages larger than the value of the home) FELL IN OCTOBER AND NOVEMBER FROM 23% TO 22.5%! Great News, right? Well, only if you know that the REAL REASON that the Per Centage declined is because so many homes were lost to foreclosure and THEY no longer have
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12/16/2010
GENIUS! The Geniuses at Wells Fargo turned down our ALL CASH OFFER OF $330,000 short sale and went to auction today at 10:00 AM... a spy tells me that they had a Reserve Bid of $360,000. Sorry, Charlie, NO TAKERS AT ANYWHERE NEAR $360,000... SOOOOOOOOOOOOOOOOOOOOOOOOoooooooooooo! WELLS FARGO BO
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12/10/2010
I RECEIVED THIS MESSAGE FROM THE WELLS FARGO SHORT SALE DEPARTMENT EARLY TODAY. If Foreclosure date is set Recent industry-wide changes in foreclosure volume, along with recent trends among courts have resulted in a delay of postponing foreclosure sale dates. These adjusted standards have also
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12/10/2010
