San Jose, CA
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Registered Sep 14, 2007
john364's most recent comments:
- On 12 Aug 2008
California Tax Board Forcing You To Pay Speculators' Taxes,
I stumbled onto this one recently from NAR's website. Notice their "Surround Sound Strategy": http://www.realtor.org/press_room/surroundsound
- On 21 Dec 2007
Credit Crunch might be yummy, but I haven't tasted it yet :-(,
by credit crunch, they mean credit crunch. when asset backed securities have an increasingly hard time to put value on and, at the same time, the value of them is falling, then investors don't want them. if investors don't want them banks can't sell them. if banks can't sell them, buyers can't borrow from banks. if buyers and businesses can't borrow from banks, this puts brakes on the velocity of money in the economy. this slows consumption, employment,...etc. thats why a credit crunch may not be seen by someone with a 9-5 job who doesn't work in the credit or banking industry. but it's powerful enough to throw this economy out of balance.
- On 11 Nov 2007
Why are so many houses not in the MLS?,
Actually, banks work with REO companies that list their inventory that is in foreclosure or in pre-foreclosure.
The idea of "pocket listings" are almost non-existent with market priced properties these days. Perhaps only under market priced fixer-uppers will be pocket listings, which are not so easy to find.
Lastly, 86% of all homes sold were listed on the MLS according to the National Association of Realtors.
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