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Housing Inventory Ghost Town


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2012 Nov 27, 3:01pm   36,325 views  130 comments

by tannenbaum   ➕follow (0)   💰tip   ignore  

http://loganmohtashami.com/2012/06/11/orange-county-ca-housing-inventory-ghost-town/

This post, somewhat ironically coming from a loan officer in Orange County, CA, is several months old, but remains equally relevant today and succinctly explains the completely dysfunctional real estate market of 2012.

#housing

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129   CDon   2012 Dec 3, 5:38am  

robertoaribas says

darrel never even bothered to read posts, he simply posted one liners after everything...

Speaking of one liners - anyone know what happened to this poster "Reader"

/about.php?user_ID=22311

Looks like he regisered in Nov 2011 & for the first year was mostly a "reader" and not much of a poster.

Then, around Sept 1, he erupted - going on an epic near 1,000 post bender in about 2 months time. Everything was one liner after one liner - along with heavy use of the word "shite".

It was incredible to watch as he kept up his 30+ post a day regimen. Of the 355 pages of registered pat.net users, he ended up on page 2 in terms of comments made. In 2 months time, he posted more than some people who were regular contributors over the last 4-5 years!

Then, like a neutron star he imploded. Last post Nov 17, looks like he rolled up shop and deleted the name "reader" so just his ID number 37108605 remains.

130   RentingForHalfTheCost   2012 Dec 3, 10:18am  

CDon says

Then, like a neutron star he imploded. Last post Nov 17, looks like he rolled up shop and deleted the name "reader" so just his ID number 37108605 remains.

He probably got an offer to buy a house with no money down. Then, even before the closing was cold, he got a HELOC and promptly got trapped in the hull of his new ski boat drifting around the fingers of Lake Shasta. Luckily he filled the hull with booze and slim Jims so he might survive the winter in time to be rescued. By that time the house would have dropped 10% in value. ;)

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