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

To: Pogeu Mahone who wrote (90180)	1/6/2008 12:11:39 AM
From: sea_biscuit	Read Replies (1) \| Respond to of 110194

If anybody needs a dog biscuit, it is you! So what if the website says that? It is wrong data. I am a little familiar with the Danville area. It is upper-class and is unlikely to have the kind of numbers that the website gave. Try the town zip codes 94506 and 94526 with the same website. There are a total of 7 or 8 foreclosures in Danville.

To: Pogeu Mahone who wrote (90180)	1/6/2008 4:01:10 AM
From: Cactus Jack	Respond to of 110194

zeus, From that same website: California Info Updated: Jan 6, 2008 2:05:55 AM Foreclosures: 32,769 Preforeclosures: 110,826 Bankruptcies: 20,068 FSBOs: 1,384 Tax Liens: 255,699 Auctions: 0 Contra Costa County Info Foreclosures: 1,488 Preforeclosures: 5,692 Bankruptcies: 546 FSBOs: 29 Tax Liens: 6,507 Danville, CA is a tiny little "burg", fairly affluent. No way does Danville have 4-5% of all foreclosures in California, or 5% of all preforeclosures in California. Not a chance, and nothing remotely close to that. Danville thus far has not been hit by the wave of foreclosures that other areas in spitting distance have (such as Mountain House or Stockton, to name just two examples). I don't disagree with your contentions that housing is deflating and that people are hyper-extended on credit. However, the town of Danville is not the ghost town that you think the statistics describe. jpg