breed resentfully contacting controversy:actor …

Yanni — are you a shill for the National Association of Realtors or just a retard? People like you caused this problem. You are lowlife scum. (And wrong.)

I think there will continue to be good deals on cars now, and for the foreseeable future. This will be especially true for luxury vehicles and SUVs.

There will be plenty of people looking to ‘get out from underneath’ their big car payments at any cost. I think you will have no problem finding a truck that will fit your needs from either a dealer, or a private party looking for a lower payment or one that is more gas friendly.

Until that time, keep saving your money so that you have a good down payment, or take advantage of the ‘free’ money (0% to .9% financing) available to many buyers.

Depending on your location, you will be able to negotiate a price that works for you on the truck that YOU want. Don’t be afraid to get a couple Ford dealerships in on the action. Make them ‘work’ for your business and see who will give you the best deal if you do plan to buy a new truck.

I wish you the all the best…

SoCalMtgGuy

During the past couple of years we’ve all seen a tremendous change in real estate in the country.
This change actually has spread all over, businesses loosing money while gas prices are extremely high.

The real estate market has become a big issue for all of us out there, we’ve seen many homeowners loosing their homes and struggling to find a home to rent because of their credit.

What happen to us?
Remember the bubble 4 years ago?

That’s exactly the answer, from years of prosperity and times of spending, traveling and investing in stocks and real estate, we are now experiencing another bubble but this time the bubble is going in a different direction and we are wondering what to do.

So real estate was going down and it’s still going down, some economists say that it will get stable in 2 years from now.

The sellers market became a buyers market, and today we all know it by now.
Investors and renters that saved their money for better days to buy to make money are in the market today, that’s making the real estate market busy.

Real estate agents that learn how to change with the market also learned how to make money from the changes, these real estate professionals are making lots of money and while we are all struggling for business they’re making the business.

Today you can get a home directly from the banks for almost half the price.
I’ve seen homeowners that are so desperate that they’re willing to give their homes for free, just come and take their loan and continue their payments.

On the other hand, investors are looking to buy homes in bulk, they can get homes $.50 on the dollar.

Some banks like bank of america and countrywide are selling hundreds of homes in bulk to investors at a discount prices.

So real estate agents are busy getting hundreds of listings and reo’s from banks, then they’re selling these homes at a low price to future homeowners and investors.

It’s definitely a buyer’s market like we had in the early 90’s, so if you’re an investor or a homeowner.
This is your time!

I know you mentioned writing about other topics (though financial in nature), so I figured I’d ask - what do you think about the vehicle market?

Gas Mileage aside, I will most likely be needing to buy a truck in the coming year for my business. I’ve seen recent price drops, Ford F-150’s brand new for 16k, etc. Do you believe this is an area I can continue to wait out for further price drops? Gas prices have come down a little and this may parallel vehicle pricing, but with an economy expected to continue to tank, mortgages still resetting until 2010, aren’t vehicle prices an extension of this, and thusly an area (espcially the low mileage gas guzzlers) that have potential retail sticker “upside” for thrifty consumers like myself?

I would appreciate all commenter’s insight on this as well.

I somehow ran into your blog about two years ago. I always wondered how some of these people were purchasing homes that seemed to be out of their league. Your blog opened my eyes. Afterward, I followed various links and have become an avid reader of numerous blogs. At first it was just the housing. But, now I understand that it is more than housing, but the whole economy itself that is on the teetering edge due to decades of excess, fraud and manipulation.

Once in a while, I still visit your blog for updates, because this was the blog that took me down the rabbit hole.

Thanks for the red pill, SoCalMtgGuy.

Yep, and I think this is when we’ll finally see some serious, serious price drops in “fortress” areas like San Francisco, Marin, etc. It’s AltA Deluxe here, and a lot of folks are tapped out with big mortgages and HELOC’s.

I’m in Marin. I think people are starting to get nervous, but out-and-out fear hasn’t really set in yet. It won’t be until the AltA and Prime resets start to roll in that folks grasp the extent of the mortgage debacle.