According to Zillow (http://www.zillow.com/homes/California_rb/) , There are 108K properties for sale and 56K in trouble (foreclosed and pre-foreclosed) in California. Are these numbers accurate? How much longer do you think there will be so many loans in trouble?
Kawasaki KZ100ST. The shaft drive made it handle a bit squirrelly in the curves but it sure did go fast straight through the desert.
These kind of stunts are best for the track or the salt flats. I had no business going more than twice the speed limit. I could have killed myself or some other driver. The police probably should have arrested me.
I got pulled over when I was riding my Kawasaki through the Mojave desert at about 140 MPH. The police converged on me and as soon as I saw the lights I pulled over and stopped.
Cops jumped out of their cars and rushed towards me and looked as though they were going to kick my butt, "WHERE ARE YOU GOING TO IN SUCH A HURRY!!!".
I calmly removed my helmet, showing them I was a clean cut young white man, and replied, "I'm sorry officer, I just like to ride fast".
They quickly calmed down, wrote me a misdemeanor speeding ticket, and let me go on my way. I had to go to court in Mojave months later and my misdemeanor was reduced to an infraction and I was fined $400(1970's dollars).
I too was not shot.
But I was young and acting stupid. Had I handled myself differently I probably would have had sore wrists at the minimum.
There are still 60,000 pre-foreclosure 15,000 foreclosures not yet on the market, 3,000 foreclosures on the market and only 110,000 for sale properties in California. How can you say the foreclosure part is over?
There are 60k preforclosure in a state of 40 million people and something like 8 million homes. Wow, be still my beating heart. That's like less than 1% isn't it? That actually sounds really low.
You are aware it's December, the slowest month for housing listings of the year aren't you?
The number of for sale listings have gone down and pre-foreclosures are up. There are a lot of people that owe more than the property is worth.
How can you say the foreclosure part of the crash is over when more than half as many homes are heading for foreclosure as are for sale?