Comments on: Misdirection Master Strikes Again http://seattlebubble.com/blog/2007/04/16/misdirection-master-strikes-again/ local real estate news, statistics, and commentary without the sales spin. Sun, 21 Mar 2010 18:50:20 -0700 http://wordpress.org/?v=2.9.2 hourly 1 By: Eleuahttp://seattlebubble.com/blog/2007/04/16/misdirection-master-strikes-again/#comment-15055 Eleua Tue, 17 Apr 2007 06:47:32 +0000 http://seattlebubble.com/blog/?p=766#comment-15055 True, but irrelevant. It is the rate of change set against the backdrop of insane lending that has my interest. We have many, many moons to go before we are even 1/3 of the way through all these mortgage adjustments.<br/><br/>As you said, this is being compared to the trough. We are just off the peak (and a big one at that).<br/><br/>If California gets sick, Washington will really suffer. We absolutely need a high equity buy-down to keep prices aloft. <br/><br/>Two things keep PNW real estate afloat at these levels: X-Cal equity locusts and kinky financing.<br/><br/>Both are under serious attack.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('15055','Eleua',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('15055','Eleua','True, but irrelevant. It is the rate of change set against the backdrop of insane lending that has my interest. We have many, many moons to go before we are even 1\/3 of the way through all these mortgage adjustments.<br\/><br\/>As you said, this is being compared to the trough. We are just off the peak (and a big one at that).<br\/><br\/>If California gets sick, Washington will really suffer. We absolutely need a high equity buy-down to keep prices aloft. <br\/><br\/>Two things keep PNW real estate afloat at these levels: X-Cal equity locusts and kinky financing.<br\/><br\/>Both are under serious attack.',''); return false;">Quote</a></div> True, but irrelevant. It is the rate of change set against the backdrop of insane lending that has my interest. We have many, many moons to go before we are even 1/3 of the way through all these mortgage adjustments.

As you said, this is being compared to the trough. We are just off the peak (and a big one at that).

If California gets sick, Washington will really suffer. We absolutely need a high equity buy-down to keep prices aloft.

Two things keep PNW real estate afloat at these levels: X-Cal equity locusts and kinky financing.

Both are under serious attack.

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]]> By: Mikehttp://seattlebubble.com/blog/2007/04/16/misdirection-master-strikes-again/#comment-15051 Mike Tue, 17 Apr 2007 05:18:16 +0000 http://seattlebubble.com/blog/?p=766#comment-15051 Eleua, as people have pointed out, the cali defaults are still 60% below those at the trough of the last cycle. <a HREF="http://ktla.trb.com/news/ktla-foreclosures,0,3510044.story?coll=ktla-news-2" REL="nofollow">Nothing to see here, we've got a ways to go before this bottoms out</a><div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('15051','Mike',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('15051','Mike','Eleua, as people have pointed out, the cali defaults are still 60% below those at the trough of the last cycle. <a HREF=\"http:\/\/ktla.trb.com\/news\/ktla-foreclosures,0,3510044.story?coll=ktla-news-2\" REL=\"nofollow\">Nothing to see here, we\'ve got a ways to go before this bottoms out<\/a>',''); return false;">Quote</a></div> Eleua, as people have pointed out, the cali defaults are still 60% below those at the trough of the last cycle. Nothing to see here, we’ve got a ways to go before this bottoms out
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]]> By: Eleuahttp://seattlebubble.com/blog/2007/04/16/misdirection-master-strikes-again/#comment-15048 Eleua Tue, 17 Apr 2007 03:52:09 +0000 http://seattlebubble.com/blog/?p=766#comment-15048 Let's see how long X-Cal equity locusts can last under <a HREF="http://today.reuters.com/news/articlenews.aspx?type=domesticNews&storyid=2007-04-16T185500Z_01_N16324449_RTRUKOC_0_US-USA-SUBPRIME-CALIFORNIADEFAULTS.xml&src=rss&rpc=22" REL="nofollow">this trend.</a><br/><br/>When California sneezes, Washington catches the flu. In this case, California catches Ebola...<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('15048','Eleua',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('15048','Eleua','Let\'s see how long X-Cal equity locusts can last under <a HREF=\"http:\/\/today.reuters.com\/news\/articlenews.aspx?type=domesticNews&storyid=2007-04-16T185500Z_01_N16324449_RTRUKOC_0_US-USA-SUBPRIME-CALIFORNIADEFAULTS.xml&src=rss&rpc=22\" REL=\"nofollow\">this trend.<\/a><br\/><br\/>When California sneezes, Washington catches the flu. In this case, California catches Ebola...',''); return false;">Quote</a></div> Let’s see how long X-Cal equity locusts can last under this trend.

When California sneezes, Washington catches the flu. In this case, California catches Ebola…

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]]> By: Rommelhttp://seattlebubble.com/blog/2007/04/16/misdirection-master-strikes-again/#comment-15046 Rommel Tue, 17 Apr 2007 02:44:29 +0000 http://seattlebubble.com/blog/?p=766#comment-15046 hey there's a great rush to buy waterfront condos along the NILE...<br/><br/>The NILE (pronounced de-ni'al)is a great river... and it's going to make every condo with a water view rise higher in value every year even all the way here in Seattle...<br/><br/>HAR HAR<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('15046','Rommel',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('15046','Rommel','hey there\'s a great rush to buy waterfront condos along the NILE...<br\/><br\/>The NILE (pronounced de-ni\'al)is a great river... and it\'s going to make every condo with a water view rise higher in value every year even all the way here in Seattle...<br\/><br\/>HAR HAR',''); return false;">Quote</a></div> hey there’s a great rush to buy waterfront condos along the NILE…

The NILE (pronounced de-ni’al)is a great river… and it’s going to make every condo with a water view rise higher in value every year even all the way here in Seattle…

HAR HAR

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]]> By: Deejayohhttp://seattlebubble.com/blog/2007/04/16/misdirection-master-strikes-again/#comment-15030 Deejayoh Mon, 16 Apr 2007 16:53:13 +0000 http://seattlebubble.com/blog/?p=766#comment-15030 She is a real-estate fluffer.<br/><br/>Anything worth reading about real estate in the Times is in the Business section<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('15030','Deejayoh',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('15030','Deejayoh','She is a real-estate fluffer.<br\/><br\/>Anything worth reading about real estate in the Times is in the Business section',''); return false;">Quote</a></div> She is a real-estate fluffer.

Anything worth reading about real estate in the Times is in the Business section

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]]> By: Matthewhttp://seattlebubble.com/blog/2007/04/16/misdirection-master-strikes-again/#comment-15024 Matthew Mon, 16 Apr 2007 14:25:02 +0000 http://seattlebubble.com/blog/?p=766#comment-15024 Lizzie Lizzie Lizzie, can't you see? Sometimes your words just hypnotize me!<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('15024','Matthew',''); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('15024','Matthew','Lizzie Lizzie Lizzie, can\'t you see? Sometimes your words just hypnotize me!',''); return false;">Quote</a></div> Lizzie Lizzie Lizzie, can’t you see? Sometimes your words just hypnotize me!
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