Comments on: Top 10 Worst States For Foreclosures in 3rd Quarter, 2007 http://www.therealestatebloggers.com/2007/11/01/top-10-worst-states-for-foreclosures-in-3rd-quarter-2007/ Real Estate Blog, Mortgage, and Development News Sun, 21 Mar 2010 17:00:51 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: the Amazing Miss M http://www.therealestatebloggers.com/2007/11/01/top-10-worst-states-for-foreclosures-in-3rd-quarter-2007/comment-page-1/#comment-115731 the Amazing Miss M Tue, 27 Nov 2007 03:27:51 +0000 http://www.therealestatebloggers.com/2007/11/01/top-10-worst-states-for-foreclosures-in-3rd-quarter-2007/#comment-115731 No wonder Las vegas nevada is doing so bad. Those who dont gamble thier homes away in a casino fell for those ARMS that where EVERYWHERE. I still get at least 10 offers in the mail a week and 2 phone calls. I have a fixed rate I am not falling for that. People move to Las vegas by the 1000s a day only to learn the cost of living is sky high but the Jobs pay you minium wage and tax the hell out of everything. No wonder Las vegas nevada is doing so bad. Those who dont gamble thier homes away in a casino fell for those ARMS that where EVERYWHERE. I still get at least 10 offers in the mail a week and 2 phone calls. I have a fixed rate I am not falling for that. People move to Las vegas by the 1000s a day only to learn the cost of living is sky high but the Jobs pay you minium wage and tax the hell out of everything.

]]> By: LC http://www.therealestatebloggers.com/2007/11/01/top-10-worst-states-for-foreclosures-in-3rd-quarter-2007/comment-page-1/#comment-94616 LC Wed, 07 Nov 2007 18:10:18 +0000 http://www.therealestatebloggers.com/2007/11/01/top-10-worst-states-for-foreclosures-in-3rd-quarter-2007/#comment-94616 We're in Northern California, and one of my biggest markets as a strip center developer was the #1 growth city in the US in 2005. The statistics there are amazing. One in four houses on the market are either bank owned or short sales. 82% of the homes financed within the past three years were done with subprimes. The consumer spending is down, people are not feeling as rich as they were even a year ago. We are almost to the point where an investor can borrow out and make break-even, and that's scary to us as the speculators will once again enter the market, causing the supply to again escalate when cap gain time comes. Vicious circle, but it's California and we continue to figure it out over time. We’re in Northern California, and one of my biggest markets as a strip center developer was the #1 growth city in the US in 2005.

The statistics there are amazing. One in four houses on the market are either bank owned or short sales. 82% of the homes financed within the past three years were done with subprimes.

The consumer spending is down, people are not feeling as rich as they were even a year ago. We are almost to the point where an investor can borrow out and make break-even, and that’s scary to us as the speculators will once again enter the market, causing the supply to again escalate when cap gain time comes. Vicious circle, but it’s California and we continue to figure it out over time.

]]> By: Robert http://www.therealestatebloggers.com/2007/11/01/top-10-worst-states-for-foreclosures-in-3rd-quarter-2007/comment-page-1/#comment-94266 Robert Tue, 06 Nov 2007 19:05:47 +0000 http://www.therealestatebloggers.com/2007/11/01/top-10-worst-states-for-foreclosures-in-3rd-quarter-2007/#comment-94266 Not sure if Ohio is #5. Cleveland is foreclosure capital of North America! Wanna see empty blocks of grass that used to be homes? Drive on up. The poachers are stealing the copper pipes, wire, and aluminum siding along with sinks, water heaters, A/C units, everything, and leaving the wood. They even pull off the roofs and sell in the roofing nails! More cost effective to tear it down that fix it. I really question if kicking people out of the house vs. just giving them the house would be a better option. Having entire fields were older neighborhoods were does not seem to be the better option. Not sure if Ohio is #5. Cleveland is foreclosure capital of North America! Wanna see empty blocks of grass that used to be homes? Drive on up. The poachers are stealing the copper pipes, wire, and aluminum siding along with sinks, water heaters, A/C units, everything, and leaving the wood. They even pull off the roofs and sell in the roofing nails! More cost effective to tear it down that fix it.

I really question if kicking people out of the house vs. just giving them the house would be a better option. Having entire fields were older neighborhoods were does not seem to be the better option.

]]> By: Brent Fong : Top 10 States With Least Amount of Foreclosures in 3rd Quarter, 2007 http://www.therealestatebloggers.com/2007/11/01/top-10-worst-states-for-foreclosures-in-3rd-quarter-2007/comment-page-1/#comment-93306 Brent Fong : Top 10 States With Least Amount of Foreclosures in 3rd Quarter, 2007 Sun, 04 Nov 2007 19:04:38 +0000 http://www.therealestatebloggers.com/2007/11/01/top-10-worst-states-for-foreclosures-in-3rd-quarter-2007/#comment-93306 [...] will show. Vermont has only 25 homes in foreclosure and the Dakotas are not far behind.Most of the foreclosure activity is concentrated in 10 states while these 10 states it is barely an issue outside of the newsroom.Top 10 States With Least Amount [...] [...] will show. Vermont has only 25 homes in foreclosure and the Dakotas are not far behind.Most of the foreclosure activity is concentrated in 10 states while these 10 states it is barely an issue outside of the newsroom.Top 10 States With Least Amount [...]

]]> By: Top 10 States With Least Amount of Foreclosures in 3rd Quarter, 2007 — The Real Estate Bloggers http://www.therealestatebloggers.com/2007/11/01/top-10-worst-states-for-foreclosures-in-3rd-quarter-2007/comment-page-1/#comment-92780 Top 10 States With Least Amount of Foreclosures in 3rd Quarter, 2007 — The Real Estate Bloggers Sat, 03 Nov 2007 20:37:51 +0000 http://www.therealestatebloggers.com/2007/11/01/top-10-worst-states-for-foreclosures-in-3rd-quarter-2007/#comment-92780 [...] Top 10 Worst States For Foreclosures in 3rd Quarter, 2007 → [...] [...] Top 10 Worst States For Foreclosures in 3rd Quarter, 2007 → [...]

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