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Last week I did searches at foreclosureradar.com and Redfin for the city of Oakland, where I'm hoping to buy my first house. I found about 600 active listings and 1,650 houses in some stage of foreclosure, for a ratio of 2.75 to 1.
It's been that way for 6 years now and the bulk of those foreclosures have not and probably will not come to market. Most will be modified or maybe even sold to institutional investors. It's true that the shadow inventory is huge, but Uncle Sam and the big banks have been able to keep those home off the market and I don't expect them to change.
East Bay Real Estate Agent and Blogger
What has been the same for 6 years - the ratio of shadow to active inventory?
The number of houses for sale sure hasn't been the same; per Redfin, SFR inventory in March was down 43 percent in Oakland compared to March 2011.
APOCALYPSEFUCK is Tony Manero says
It ain't funny. In parts of the rust belt, Cannibal Anarchy has well and truly arrived. The survivors who can read pick up the papers and see ultra-rightists shrieking for the disbandment of unions, looting of social security and total deregulation of the financial crimes industry. In some towns, with the last job packing up to China, there's nothing left but a WalMart full of crap surrounded by decaying foreclosures, and scuffling retirees, babbling to themselves, begging strangers for food, a job, a bullet to the forehead. Occasionally, a GOP presidential candidate will drive through tossing packages of Fig Newtons to the starving throngs and entreating the survivors to help him or her take back America from the marxist dystopia that has made it impossible for business to prosper.
That sounds a lot like Binghamton.
I swear like half of my parent's state ( NC) is now composed of OH former residents.
Charlotte is considering changing it's name to New Pittsburgh.
The barrier to fixing our problems is the oldsters who think it's their turn to dictate our societal priorities and they have the numbers to make it stick through the elections process.
You're right. Things would be different if young people had more say.
But, they don't. And they won't.
I've told you over and over, it's not the United States of San Francisco.
Someone's complaining about "oldsters".
Would that be the oldsters like my father who was in the Battle of the Bulge? Or my uncles who were in the Pacific and another who parachuted into Anzio Italy?
Maybe you refer to "boomers". Well my friend the boomer studied mechanical engineering. His daughter studies psych and his son film or some such.
They might as well take underwater basketweaving.
Slacker idiots with tattoos and pierced ears, nose, etc can complain all they want. Just get that money up to buy more Apple junk pal, I'm counting on you and 100 million Chinese to make me comfortable in my old age.
The only problem I have with the World War II generation is their flat out spoiling the hell out of their kids. Their theory was simple, that NO ONE should have to go through what they went through in the Great Depression and the war and THEN the early days of the Cold War. Most people don't know the early and even the mid fifties were still very lean times. The country was deeply in debt from all it had just been through. People were exhausted.
I swear like half of my parent's state ( NC) is now composed of OH former residents.
Charlotte is considering changing it's name to New Pittsburgh.
Pittsburgh is doing better than it had been. We drove through there on the way to State College awhile back and I was surprised at how bad the traffic was. If I were younger and had a different career path, I might consider moving there.
Pittsburgh is doing better than it had been. We drove through there on the way to State College awhile back and I was surprised at how bad the traffic was. If I were younger and had a different career path, I might consider moving there.
Yep it's doing better than a lot of other Rust Belt cities. Pittsburgh's mass-exodus happened back in the early 80's when steel collapsed. It's been fairly stable since then. Compared to Upstate NY, Pittsburgh seems like a boom town. I still have family in the area and would like to move back.
Pittsburgh is doing better than it had been. We drove through there on the way to State College awhile back and I was surprised at how bad the traffic was. If I were younger and had a different career path, I might consider moving there.
Yep it's doing better than a lot of other Rust Belt cities. Pittsburgh's mass-exodus happened back in the early 80's when steel collapsed. It's been fairly stable since then. Compared to Upstate NY, Pittsburgh seems like a boom town. I still have family in the area and would like to move back.
Most people who grew up where I'm from have that nasally midwestern Chicago sounding accent. I used to sound like a Pittsburgh native because of the family connection and then not so much after moving away from there.
After ten years in California, I sound like everyone out here.
The barrier to fixing our problems is the oldsters who think it's their turn to dictate our societal priorities and they have the numbers to make it stick through the elections process.
You're right. Things would be different if young people had more say.
But, they don't. And they won't.
I've told you over and over, I'm a homophobic bigot!.
I used to sound like a Pittsburgh native because of the family connection and then not so much after moving away from there.
Have you ever heard the WDVE routine about a fictional second-hand clothing store named "Pants n' at" and Donnie Iris? :-D
That sounds a lot like Binghamton.
Oh man don't remind me. Lived in Binghamton while going to college. That place is the Twilight Zone, for sure
it's not the United States of San Francisco.
It is were I live.
Now get the hell off my lawn.
rowemoore,
There is no such thing as "homophobia." That word is a contrived, purely political term.
It's sort of like the term "death tax." It used to be called the inheritance tax, but the aristocracy figured they could get what they wanted by playing word games.
I used to sound like a Pittsburgh native because of the family connection and then not so much after moving away from there.
Have you ever heard the WDVE routine about a fictional second-hand clothing store named "Pants n' at" and Donnie Iris? :-D
No, sorry.
it's not the United States of San Francisco.
It is were I live.
Now get the hell off my lawn.
No problem. If you want to live in a politically correct bubble, so be it.
Just don't expect that sphere of influence to extend beyond the bridge.
it's not the United States of San Francisco.
It is were I live.
Now get the hell off my lawn.
I'm not on your lawn and I'm not going to be.
We don't live in the United States of San Francisco!
You can't get it done, now or EVER!
East bay, violent crime, bad schools, terrible commutes and a feeling of "are we even in the USA?"
yes, lets have bubble 2.0 in the hills where we can get a good whiff of the sweage dump near McCarthy Ranch.
buying a house is a luxury
What? A mold infested asbestos laden piece of 1950's dry rotted junk which is sub-ducting over landfill at 1200 sq ft on a 4000 sq ft lot with no garage is luxury, yes sir ree!
California is garbage. And the housing stock is trash. And it cant be rebuilt due to zoning moronacy and the fact that the land alone will have the morons inside paying the thing off for 40 years.
Bay Area, the most aggressively anti middle class dump in the country. Lots of money, but the opportunity is for the landed gentry and the rentier class. You have to love the most "liberal" area of the country is the one with the most brutal anti middle class disposition and the worst wealth disparity and the worst still extant red-lining. (Bad schools in redline areas and good schools in the sanctioned areas)
East bay, violent crime, bad schools, terrible commutes and a feeling of "are we even in the USA?"
yes, lets have bubble 2.0 in the hills where we can get a good whiff of the sweage dump near McCarthy Ranch.
LOL
Now now, the East Bay is really not all like that. It lacks the peninsula's posh douchbaggery and forested hills, but it isn't exactly a cesspool. I rather like Fremont...lots of great trails up in the hills to jog on, although I'll need a hat since it is all grassland!
rowemoore,
There is no such thing as "homophobia." That word is a contrived, purely political term.
Now now, the East Bay is really not all like that. It lacks the peninsula's posh douchbaggery and forested hills, but it isn't exactly a cesspool. I rather like Fremont...lots of great trails up in the hills to jog on, although I'll need a hat since it is all grassland!
I think most parts of Las Vegas have more charm than Fremont.
rowemoore,
There is no such thing as "homophobia." That word is a contrived, purely political term.
The entire homosexual rights agenda is political. The phenomenon itself is a mental disorder and was classified as such by the APA until 1973 when the APA itself was threatened with being sued out of existence.
What other "lifestyle" is characterized by constant emotional instability, anger and childishness? If a two year old acted like that, he'd get punished. If a queer guy or big fat lezzie does it, you give them a government job.
This will sound horrible but I think what we need is another war...a REAL war, a shooting war in which our country and civilization are truly in the balance. If we suddenly have to bring that into focus, we'll get rid of all these distractions. If you're trouble, we'll throw your ass in jail or put you on the front line and let the enemy take care of the problem for us. No politically correct bullshit, no excuses...because there's no time. You straighten up OR ELSE. We did stuff like that before and we might have to do it again.
East bay, violent crime, bad schools, terrible commutes and a feeling of "are we even in the USA?"
yes, lets have bubble 2.0 in the hills where we can get a good whiff of the sweage dump near McCarthy Ranch.
Alamo, Danville and San Ramon aren't like that, not even close.
Dublin and Pleasanton are becoming very Asian these days but they're still nice places to live if you aren't as sensitive to that sort of thing.
What other "lifestyle" is characterized by constant emotional instability, anger and childishness? If a two year old acted like that, he'd get punished. If a queer guy or big fat lezzie does it, you give them a government job.
Don't feed the adolescent hate rant trolls. This used to be a great RE blog. It will be again when this type of hate dribble, which has NOTHING to do with RE, is marginalized.
What other "lifestyle" is characterized by constant emotional instability, anger and childishness? If a two year old acted like that, he'd get punished. If a queer guy or big fat lezzie does it, you give them a government job.
Don't feed the adolescent hate rant trolls. This used to be a great RE blog. It will be again when this type of hate dribble, which has NOTHING to do with RE, is marginalized.
I'm not going anywhere.
I'm gonna be RIGHT HERE.
There's a big difference between genuine hatred and mere disapproval.
Why did the whole "gay" thing even become a political issue? If I remember right, this whole fight was started by demands for gay "marriage" and not by the "traditional values" folks.
If it weren't for this issue, Kerry probably would have won in 2004 and we wouldn't have had 4 more years of Bush's inept leadership.
The entire homosexual rights agenda is political. The phenomenon itself is a mental disorder and was classified as such by the APA until 1973 when the APA itself was threatened with being sued out of existence.
What other "lifestyle" is characterized by constant emotional instability, anger and childishness? If a two year old acted like that, he'd get punished. If a queer guy or big fat lezzie does it, you give them a government job.
This will sound horrible but I think what we need is another war...a REAL war, a shooting war in which our country and civilization are truly in the balance. If we suddenly have to bring that into focus, we'll get rid of all these distractions. If you're trouble, we'll throw your ass in jail or put you on the front line and let the enemy take care of the problem for us. No politically correct bullshit, no excuses...because there's no time. You straighten up OR ELSE. We did stuff like that before and we might have to do it again.
You really are a pathetic homophobic and racist low-life.
What other "lifestyle" is characterized by constant emotional instability, anger and childishness? If a two year old acted like that, he'd get punished. If a queer guy or big fat lezzie does it, you give them a government job.
Don't feed the adolescent hate rant trolls. This used to be a great RE blog. It will be again when this type of hate dribble, which has NOTHING to do with RE, is marginalized.
I'm not going anywhere.
I'm gonna be RIGHT HERE.
Yes, and clearly proud of your utter stupidity.
There's a big difference between genuine hatred and mere disapproval.
Why did the whole "gay" thing even become a political issue? If I remember right, this whole fight was started by demands for gay "marriage" and not by the "traditional values" folks.
If it weren't for this issue, Kerry probably would have won in 2004 and we wouldn't have had 4 more years of Bush's inept leadership.
Ohio put a gay marriage question on the ballot in 2004 and all the old people turned out, just as they have a Right To Work law on the ballot this year and expect a similar turnout. Had that not happened, John Kerry would have won. We know it for a fact.
My point is and will continue to be that homosexuals will NEVER be happy. Today they want to legalize homosexual marriage. Tomorrow they'll want to force churches to accept them and mainline clergy to perform the services. The day after that they'll want it taught as "normal" to schoolchildren, and we've already seen that in California because Sac is controlled by the liberals and gays are increasingly influential in the Democratic party because they donate large sums of money to liberal causes. They seek to corrupt every single traditional values institution we have and it's based on anger. ALL OF IT.
It's a disorder. It was always a disorder...the orientation and the accompanying emotional instability and the anger and the lack of focus and the childishness and on and on and on. That's why it took years before they were eligible for security clearances.
They're NOT stable. They will never be stable.
Bigsby, that's just name-calling.
It's called facts. He is a racist and a homophobe. Name-calling has nothing to do with it, and if you don't see that, then what can I say? It's about time people on this forum, Patrick namely, dealt with him. His posts are utterly unacceptable.
It's a disorder. It was always a disorder...the orientation and the accompanying emotional instability and the anger and the lack of focus and the childishness and on and on and on. That's why it took years before they were eligible for security clearances.
They're NOT stable. They will never be stable.
Complete and utter bollocks.
Bigsby, that's just name-calling.
Do you realize that if one of them held a pilot's license and went divergent on all three axes like that in front of an FAA Authorized Medical Examiner, the FAA would pull his medical? Why? Because it indicates a lack of emotional stability especially under stress. It means there's something wrong and they shouldn't be trusted behind the yoke of an aircraft.
Personally, I wouldn't let them drive...for the same reason.
He is a racist and a homophobe
The above is a prime example of name-calling.
The more he goes off like that, the more he proves my point.
If he shuts up and stops behaving like a child, he might begin to have a point.
Tomorrow they'll want to force churches to accept them and mainline clergy to perform the services. The day after that they'll want it taught as "normal" to schoolchildren
Aren't they already doing this?
The more he goes off like that, the more he proves my point.
That's kind of what I was thinking, yes.
Why can't we just go back to the way it was before 2004 when there was genuine "tolerance" of homosexual behavior w/o the attempts to force others to accept it? There's a big difference between tolerating something and accepting/promoting it.
He is a racist and a homophobe
The above is a prime example of name-calling.
It isn't name-calling to state that a racist and a homophobe is a racist and a homophobe. Perhaps you need to focus a little bit more on what root is saying rather than responding like that. Unless of course, you share his moronic views.
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It's not that sales are through-the-roof, but they certainly are very high compared with the number of properties for sale. The Supply/Demand balance is looking like 2005.