DISQUS

>Jay, they know you vote in Gilbert. Why would they care?

Here is why the should care

http://siteanalytics.compete.com/phoenixrealest...

Jay's site gets 684% more traffic than the official tourism site for the city of Tempe.

<abbr></abbr><abbr>Ki´s last blog post..Austin Real Estate Statistics for April 2009</abbr>

I dealth with a towing company when I was in school. They towed my car from the outside the business I worked at. Everyone I talked to was incredibly annoying. Can you post the contact/email for the mayor of temple and the city council. That way some of us could write and tell them that operating a tow trap is the worst possible approach to getting people to visit their town and spend tourist money.

And if they have any interest in tourism their cops need to start watching for this abuse activity by tow companies and agressively going after the tow companies. These guys should get their license revoked.

That is my favorite quote on this whole crisis

"one of the things that’s odd about the current situation is that the people who created the problem are so powerful in deciding what the solution to the problem is going to be"

Its wierd to hear wall street people speak with such authority on what we need to do. If they had all the answers it seems we would not be in this mess in the first place.

Texans don't tend to like the government. It would be interesting to see how the results would change if wording was changed from "economic crisis" to "real estate/financial crisis"

Might expectation would be that the number of people blaming private industry would go up.

Now that all the bailouts are done I am wondering if all this government borrowing is going to lead to massive massive inflation. The last I read 50 cents of every dollar spent this year by the government is borrowed. It also seems like the last few government debt auctions have not gone that well.

I have gotten a few of those in the past. Its wierd because sometimes they are annoyed. Like its my fault they printed out listings from a website instead of the MLS.

<abbr></abbr><abbr>Ki´s last blog post..Austin Real Estate Statistics for April 2009</abbr>

What crazy is that even if they somehow win, the listing agent is still going to be competing with third party sites that aggregate listings.

<abbr></abbr><abbr>Ki´s last blog post..Austin Real Estate Statistics For March 2009</abbr>

Do you think we will see inflation rising signicantly before the close of 2009?

We are seeing the same thing in Austin. Occupancy rates rates are falling by commercial landlors are remaining stubborn on rents. I think the economic situation has not sunk in yet.

This is going to be a huge mess. A lender often calls an appraiser that has experience on a certain property. Now with the round robin system we are going to be having appraisers look at properties they have no experience with. This is going to screw up a lot sales.

So if we have hyper inflation (from the article you linked to) Would this math work

Buying a place with
200k price - 160 mortgage - 1500 rent - 1400 mortgage
After inflation
400k price - 160 mortgage - 3000 rent - 1400 mortgage

Even though the house is not going up because its all inflation it seems you could still make a killing by increased cashflow.

What is TTR. I assume its some kind of traffic measurement but I have seen it before. Also I had to check number 4 "I Can Has Cheeseburger" just because of the title. I figured it would be a site about well Cheeseburgers. Instead it seems to be a site about cats.

That was freaking hilarious. I loved the he used the square for his floor return and the crazy wig.

I have to admit over a year ago when all this stuff started I thought by this time we would be close to finally getting over this stuff. It looks like that is not going to be the case. At least in Austin the commercial market was doing ok in the beginning of 08 while the residential market faltered. But since then the commercial market has fallen off the wagon.

I have been watching some of the graphs coming out as well. I have seen some rather broad conclusions draw. For the realtor numbers there could be a lot of different explanations. For one with less realtors in hard hit market the traffic for realtor.com could be going up due to increased competition. Or there could be a lot of people simply looking. I have been looking at prices in hard hit markets on realtor.com just to see what is going up but I have a 0% chance of buying. I just hear that houses in detroit are selling for 20k and want to see if its true. Im not saying those are the reasons. But I kind of cringe when I see conclusions drawn from data where the data could have multiple explanations.

Thats interesting. I have actually been typing in lenderama for the last year or so. I was always confused by the mariah thing. Also lenderama is such a good domain name. Its easy to remember.

"So unless you can pay cash for a piece of real estate, expect to have a problem getting a mortgage."

If someone were to buy a property in this situation wish cash what would be the downsides. It seems the lien would still be in place. Is the govt really going to go after the new buyer. If the lien only lasts a certain number of years would it make sense for a residential buyer to buy it hold it for 10 years until the lien went away and then sell it.

Is there any way to get rid of the lien sooner?

I think the only way to operate in this business is to be straight forward and honest with our clients.

"The media is out to get us and now other agents (YOU) are to!! How do you think this makes agents look!! STUPID!! Why do you do this?"

I think if anything playing up a market that is down makes agents look stupid.

Nice to see your take on this. I just read Brians post a little earlier. I think the issue is that besides effecting banks and borrowers that dealt with these loans the neg-am is effecting taxpayers that never took on these loans.

And in that sense the argument that some people know what they are doing doesnt really work. In the same way that its not a good idea to allow people to build bombs in their apartment because "some people know what they are doing".

It would be nice if the credit scoring agencies would break down peoples scores into the different sections so people could get a better idea what was bringing them down. Maybe have 5 scores from 0 -850

1. Payment History — 800
2. Amount Owed — 750
3. Length of History — 600
4. New Credit — 700
5. Type of Credit — 700

Then, for instance, someone could see at a glace that length of history was their weak point.

About a year ago I got a similar message when I visited this site. Whenever I tried again it worked. It happened 3 or 4 times. I thought it was my computer. Instead of saying sitemeter.com it said phoenixrealestateguy.

The trading cards are too cool. Did they only make one pack? If not I totally want to buy a pack somehwere that is awesome.

I could never get into AI. I did start watching the next food network star. I really dont know why because I dont even like making food or anything.

I would love to see the reaction from other people at the pool when someone busts out with that thing.

I have been regretting not going to Inman. I found out about a little too late and it seems that is all the RE net is talking about this week. I will have to go next year.