44 percent underwater, 1 in 5 walkaway?click
The what ifs, what if the oil spreads further here and more walkaways and cancelled contracts?
Here's a dandy little chart from condo vultures that shows more added inventory, could it be sense of something bad coming like a sea of toxins?click I know I am over reacting.
Tuesday, June 29, 2010
Thursday, June 24, 2010
Plunger alert
Collapse crash
Worst collapse in new home sales ever:click gee wonder why ?
We lived in Sobe 5 years ago and visit, stay over on a friends boat every few months. We were just there a few weeks ago. If anything its 10 times worse as there are a lot more condos. I have gotten spoiled here with Whole Foods, Publix green market and Carmines all within striking distance and I can find a place to park my car anytime of the day at the supermarket. The homeless outside of the gate at miami beach marina were a new finding. I had to wait for a prescription for pain meds after having a root canal almost 5 hours. As said the everyday business of living is like living in a large city with few resources. The local health care leaves something to be desired as well in my experience.
We lived in Sobe 5 years ago and visit, stay over on a friends boat every few months. We were just there a few weeks ago. If anything its 10 times worse as there are a lot more condos. I have gotten spoiled here with Whole Foods, Publix green market and Carmines all within striking distance and I can find a place to park my car anytime of the day at the supermarket. The homeless outside of the gate at miami beach marina were a new finding. I had to wait for a prescription for pain meds after having a root canal almost 5 hours. As said the everyday business of living is like living in a large city with few resources. The local health care leaves something to be desired as well in my experience.
Friday, June 18, 2010
Buyers picky
picky;click here
August is coming with recasts galore, throw in oil contamination and a hurricane and we would be in deep trouble.
No recovery in sight:
click here
got the hardware out of my wrist last friday..
South Beach, we lived there for 2 years at Sunset Harbour Marina on our boat.
What it is, fun, great restaurants, great gyms, events. The down side, grocery shopping is a nightmare, so is anything to do with getting a prescription filled,
buying a home item, only one small hardware store and parking is a nightmare to do any of the above. 12-15 to park at a restaurant, no free valet there and isolation from real world needs.
Fun place to visit but I wouldnt want to live there again,
Ms. J
August is coming with recasts galore, throw in oil contamination and a hurricane and we would be in deep trouble.
No recovery in sight:
click here
got the hardware out of my wrist last friday..
South Beach, we lived there for 2 years at Sunset Harbour Marina on our boat.
What it is, fun, great restaurants, great gyms, events. The down side, grocery shopping is a nightmare, so is anything to do with getting a prescription filled,
buying a home item, only one small hardware store and parking is a nightmare to do any of the above. 12-15 to park at a restaurant, no free valet there and isolation from real world needs.
Fun place to visit but I wouldnt want to live there again,
Ms. J
Wednesday, June 9, 2010
Tuesday, June 1, 2010
bubble
bubble oil and trouble
here's a goody from the times click
still typing w/one hand. been watching the oil thing, this in my opinion has high probabilty of failure and has a high probability of coastal damage here, especially if we have a hurricane. if interested theoildrum.com is ameeting place for geologist and other petro professionals, the implications of real estate destruction is something to be considered.
the press has been silent regarding gulfstream fluid communication and the potential
for air and water contaminates.
there is even unsubstaniated rumor of planned mass evacuations if needed.
we live on an island, across street from water, and will keep a keen eye on events.
ms. j
here's a goody from the times click
still typing w/one hand. been watching the oil thing, this in my opinion has high probabilty of failure and has a high probability of coastal damage here, especially if we have a hurricane. if interested theoildrum.com is ameeting place for geologist and other petro professionals, the implications of real estate destruction is something to be considered.
the press has been silent regarding gulfstream fluid communication and the potential
for air and water contaminates.
there is even unsubstaniated rumor of planned mass evacuations if needed.
we live on an island, across street from water, and will keep a keen eye on events.
ms. j
Wednesday, May 26, 2010
Thursday, May 20, 2010
walking away
Saturday, May 15, 2010
Thursday, May 13, 2010
bottom ?
"RealtyTrac® (realtytrac.com), the leading online marketplace for foreclosure properties, today released its U.S. Foreclosure Market Report™ for April 2010, which shows that foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 333,837 properties in April, a 9 percent decrease from the previous month and a 2 percent decrease from April 2009. One in every 387 U.S. housing units received a foreclosure filing during the month.
“There were two important milestones in the April numbers that show foreclosure activity has begun to plateau — but at a very high level that will not drop off in the near future,” said James J. Saccacio, chief executive officer of RealtyTrac. “April was the first month in the history of our report with an annual decrease in U.S. foreclosure activity. Secondly, bank repossessions, or REOs, hit a record monthly high for the report even while default notices dropped substantially on a monthly and annual basis. We expect a similar pattern to continue for most of this year, with the overall numbers staying at a high level and ripples of activity hitting the various stages of the foreclosure process as lenders systematically work through the backlog of distressed properties.”
Foreclosure Activity by Type During the month a total of 103,762 properties received default notices (NOD, LIS), a decrease of 12 percent from the previous month and a decrease of 27 percent from April 2009 — when default activity peaked at more than 142,000.
Foreclosure auctions (NTS, NFS) were scheduled for the first time on a total of 137,643 properties during the month, a decrease of 13 percent from the previous month — when auction activity peaked with more than 158,000 properties scheduled for auction for the first time. Auction activity was up 1 percent from April 2009.
Bank repossessions (REOs) hit a record monthly high for the report in April, with a total of 92,432 properties repossessed by lenders during the month — an increase of 1 percent from the previous month and an increase of 45 percent from April 2009. Bank repossessions were less than 1 percent above their previous peak of 92,182 in December 2009. "
“There were two important milestones in the April numbers that show foreclosure activity has begun to plateau — but at a very high level that will not drop off in the near future,” said James J. Saccacio, chief executive officer of RealtyTrac. “April was the first month in the history of our report with an annual decrease in U.S. foreclosure activity. Secondly, bank repossessions, or REOs, hit a record monthly high for the report even while default notices dropped substantially on a monthly and annual basis. We expect a similar pattern to continue for most of this year, with the overall numbers staying at a high level and ripples of activity hitting the various stages of the foreclosure process as lenders systematically work through the backlog of distressed properties.”
Foreclosure Activity by Type During the month a total of 103,762 properties received default notices (NOD, LIS), a decrease of 12 percent from the previous month and a decrease of 27 percent from April 2009 — when default activity peaked at more than 142,000.
Foreclosure auctions (NTS, NFS) were scheduled for the first time on a total of 137,643 properties during the month, a decrease of 13 percent from the previous month — when auction activity peaked with more than 158,000 properties scheduled for auction for the first time. Auction activity was up 1 percent from April 2009.
Bank repossessions (REOs) hit a record monthly high for the report in April, with a total of 92,432 properties repossessed by lenders during the month — an increase of 1 percent from the previous month and an increase of 45 percent from April 2009. Bank repossessions were less than 1 percent above their previous peak of 92,182 in December 2009. "
Wednesday, May 12, 2010
plunger
plunger alert: listing here purchase here click it appears not verified only mtg is for 27k. adverted as short sale.. it also appears that one of the ownes expired according to records today.
too bad about the deerfield school system horrific event and bad press.
too bad about the deerfield school system horrific event and bad press.
Monday, May 10, 2010
Sunday, May 9, 2010
wrist watch
external fixator and seven pins later....had surgery and getting better slowly.
still typing w/one hand.
I see today in sentinel that condos have new financing visa vie fannie mae.... oh goodie....click
now that sucker season has passed... can't wait for the recasts in August.
falling: click
the used house salesman was here... admitting that things are mighty slow out there.
still typing w/one hand.
I see today in sentinel that condos have new financing visa vie fannie mae.... oh goodie....click
now that sucker season has passed... can't wait for the recasts in August.
falling: click
the used house salesman was here... admitting that things are mighty slow out there.
Friday, April 9, 2010
blog
I just returned from e.r. room, I broke my wrist again..needmessw to say,
typing one handed is not easy. sooooo. I dunno when I will be able to blog again....
ouch..... thank you for your support
miss j.
typing one handed is not easy. sooooo. I dunno when I will be able to blog again....
ouch..... thank you for your support
miss j.
Up
up and away:click
Plunger alert; ding ding ding: here is a cute little cottage; purchased in 04
for 485k; click
looks if mortgage is for 385k, if I read the record correcty. on the market for 56 days at: $399.00 click we predict high 2,s low 3,s.
Here's another with a wish price;click complete with fire hydrant. according to my reading of the records 950k is owed. purchased for;
clickbeen on the market for over 600 days...
rmbs up in every state:click
Plunger alert; ding ding ding: here is a cute little cottage; purchased in 04
for 485k; click
looks if mortgage is for 385k, if I read the record correcty. on the market for 56 days at: $399.00 click we predict high 2,s low 3,s.
Here's another with a wish price;click complete with fire hydrant. according to my reading of the records 950k is owed. purchased for;
clickbeen on the market for over 600 days...
rmbs up in every state:click
Thursday, April 8, 2010
entitlements
click
house mentioned yesterday. from what i read is heavily indebted. there are two lp's filed according to what I read. thats why they are asking 665 and adverted as short sale. I wasnt interested enough to look up the loan amounts. Bet is goes back to the bank/s.
Jumbo increased defaults:click August is going to be interesting with the recasts on these loans.
McMansion
Plunger Alert: looks like this was has been around since 08: click
listing here;click
house mentioned yesterday. from what i read is heavily indebted. there are two lp's filed according to what I read. thats why they are asking 665 and adverted as short sale. I wasnt interested enough to look up the loan amounts. Bet is goes back to the bank/s.
Jumbo increased defaults:click August is going to be interesting with the recasts on these loans.
McMansion
Plunger Alert: looks like this was has been around since 08: click
listing here;click
Wednesday, April 7, 2010
No mcMansions
at least not in Palm Beach County historic districts:click
Here's what the inventory really looks like:click
Foreclosures slide : so say:click
I see the used house salesmen not posting the addresses on certain homes. big secrets??
here's one: click purchase here;clickadverted as a short sale, bank united filed an LP on 3/16/10 and b of a filed on 1/81/0 listing says unit leased. wonder if the lessee persons know about the lp's?
New rules:click
Here's what the inventory really looks like:click
Foreclosures slide : so say:click
I see the used house salesmen not posting the addresses on certain homes. big secrets??
here's one: click purchase here;clickadverted as a short sale, bank united filed an LP on 3/16/10 and b of a filed on 1/81/0 listing says unit leased. wonder if the lessee persons know about the lp's?
New rules:click
Tuesday, April 6, 2010
Monday, April 5, 2010
Sunday, April 4, 2010
Friday, April 2, 2010
Thursday, April 1, 2010
We recently got an email from the local used house salesman company. what is significant is the following "we have qualified buyers but there remains a disconnect between what buyers are willing to pay and what sellers are willing to accept". imagine that. perhaps sellers are suffering from "ed" ego and or debt?
The end:click
case shiller break down:
click
foreclosure roundup:click
record low:click
The end:click
case shiller break down:
click
foreclosure roundup:click
record low:click
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