patrick.net

Exactly. However thats not whats being said. There is a certain amount of stability in Hawaii. I would think. However for the rest of the land. Thats just not the situation. We all recognize credit card issuing banks. Used for establishing credit in many cases. THEY HAVE ALL FOLDED. For the most part look at the FDIC list. In some cases they paid higher rates for their money to lend out.

Why they are hiding these losses one can only guess. Deal is it's not YOU or ME they are hiding these losses from. There is method to this. They only hope and pray certain people don't catch on.

See the deal is here. You might think someone like Geithner would be doing something like this. However the brain trust that started credit cards. Would be more the culprits. See I pull landlord credit reports. Have been doing so for years. The losses in the credit card industry has been astronomical for years. BOA is not a really good indicator. Its more like the fox watching the hen house. I would say if you added it all up. It makes the foreclouser blowout, look like kids buying penny candy.

HousingBoom says

Who wants to catch a falling knife? Most people still think that housing has bottomed but the mainstream media already pulled the plug on the housing market. We see nothing but bad news in housing now and people are beginning to wait on the sidelines.

People, including the media, have been saying "housing has bottomed and the recovery is on" for the past five years. And they'll continue that line for the next five years. The bottom is going to be lower than the bubble start prices. Right now prices are still higher than the bubble start. Doesn't take a rocket scientist to figure out that the correction still has a long way to go. Evidently, though, it does take honesty, something that the media, being paid by real estate advertisements, is incapable of.

With so many people noticing a dip in prices, look for C-S NSA numbers to reach a new post-bubble low (yes, double dip) within the next 2 months or so.

The C-S 20-city NSA index is now at 139.27, or 0.01 points above the post-bubble low from 2009.

DOUBLE DIP IS COMING !!

http://patrick.net/?p=688527

Real Property (home) prices will return to two and one half times the annual income of the buyer !!!
That is not a government rule it is a phenomenon.
The high income techy jobs have dwindled. Not so many overpaid, anxious investors.
Home prices would have returned to normal already if the gubmint would stop interfering. TARP, QED,,,,
We also need to force the FBI to prosecute all banks for forging ownership documents. Google "DOCX"

vain says

Karen these properties were valued at high 300k’s since mid to late 1990 circa. you are right about anything past skyline blvd though. there is no demand for those properties.

Say more about the neighborhood, if you don't mind. Why is there no demand? Is it the weather? The schools? When you say past Skyline, do you mean Daly City? That other streets border the area you are talking about?

bg says

Say more about the neighborhood, if you don’t mind. Why is there no demand? Is it the weather? The schools? When you say past Skyline, do you mean Daly City? That other streets border the area you are talking about?

There is no demand for any properties west of Skyline Blvd (aka, Highway 35). Reason being is that nobody really treats Highway 35 as a highway. It's just an annoyance and it's very inaccessible via highway. The properties closer towards the ocean wear and tear faster here (in Daly City). I guess it all sums down to weather.