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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: GST who wrote (90175)	1/5/2008 11:36:58 PM
From: Pogeu Mahone	Read Replies (2) \| Respond to of 110194

GST No offense intended. Professor Your Good. Your Amazing. How many houses does Danville Have? Lets say 16000! You found Ground Zero Bubble Central! How many of these keeping up with the jones, can afford a 1.1mill house on a measly $150,000 combined incomes? lol certainly not these bums. They are over their eyeballs in debt. How many children do they have? How many autos? do they eat? Do they shop at goodwill? do they have running water? heat? ac? Well they can not afford it. These slackers have been living above their station. Toss the bumms out. Its in the process. As their precious RE rose in value they extracted the equity via multible refinancing. GST, Have you been following along? LOOK at these numbers: FIVE THOUSAND SIX HUNDRED NINTY TWO preforclosures, thats over 33% of the entire town.Then throw in currently in forclosure 1500(another 10%), opps another 546 BKs(5.5%), another 6507 tax liens Holy SH*T Danville With a population of approximately 43,250. Over 17000 people are being threatened with being thrown out of town. Danville better hurry up and call Kim Basinger . GST you are funny, that is a hell of a sound community Danville, California Distressed Properties Danville, California, currently has 1,488 foreclosures, 5,692 preforeclosures, 546 bankruptcies, 29 for sale by owner (FSBO), 6,507 tax liens, 0 auctions. GST there are a lot of sharp people at SI and a zillion ways to skin a cat. ===================== It is going to be happening in Danville> Well I certainly hope so -- but the median price of a house here is about 1.2 million and median household income runs around 150k with almost no unemployment so, while prices will go down, it will take a while before the kind of people who live around here sell their houses for a couple of hundred thousand dollars -- no offense intended. As for my business it is none of yours. As for my education, I have one and found it useful. You don't know me very well -- that is ok with me.