graphrix_IHB
New member
The OCR has an <a href="http://www.ocregister.com/ocregister/sections/money/housing/2007housing/">entire page dedicated to RE now</a>. It has zip code <a href="http://www.ocregister.com/article/map-of-oc-1960211-home-sales">maps of the sales</a> and percentage of <a href="http://www.ocregister.com/article/map-of-oc-1960210-home-prices">prices increasing or decreasing</a>. Ouch, Irvine had a lot of red.
<a href="http://www.ocregister.com/article/real-year-estate-1959859-buyers-market"> The best was the assessment the agents had</a>. Many familiar names, spinning the same crap... Pent up demand, buyers market, foreigners, don't let the deals pass you by, and a "bottom call" from the Kool-Aid kingpin Gary "Pablo Escobar of RE" Watts.
Ah... yes, the media is to blame. If an agent/broker is a veteran, then they should know this whining didn't work in the 90s and it isn't going to work now.
<strong>
2007:</strong>"The "real" real estate truth is that our buyers could have been a little less skeptical if our media would have not "lumped" the Coast in with the Inland Empire. I truly believe in our area. There is only so much coast line and ocean view. It was a different market alright, a little tougher even for this real estate veteran. In spite of all the negative press that we hear and see in print, if you take the actual numbers around the coast communities our prices did not drop that much, but the number of transactions did.
<p><strong>What's ahead: "</strong>Let me get my crystal ball. I am an optimist. I see the glass not only through rose-colored glasses but always half full. Our coastal communities will hold their value in spite of most national forecasts. A little positive input from you our media voice would help." </p>
<p><em>---Maria Elena Banks/Prudential California Realty and board member of the Orange County Association of Realtors</em></p>
<p><em>Monarch Beach</em></p>
<p>Note to self: Avoid Ruben Rodarte for any RE transaction. His level of professionalism is non-existent.
</p>
<p><strong>2007:</strong>"Chicken Littles of the real estate world keep on clucking. Bright blue skies existed for our smart buyers and sellers." </p>
<p><strong>2008:</strong>"Critical factors are aligned and poised to make select individuals (who employ certain strategies) successful and, not to mention, wealthy. Low Rates + Inflated Home Supply + Economic Value + Pent-up Buyer/Seller Motivation = Opportunities Galore." </p>
<p><em>--Ruben Rodarte/Prudential California Realty</em></p>
<p><em>Anaheim Hills</em></p>
<p>Yup, this gem right here, will get all that pent up demand to get his phone ringing like crazy. He had to have snorted some Cherry Cracker flavored Kool-Aid before he took the OCR call. Seriously, it is the only reason that could explain the pure stupidity of this extremely unprofessional comment.
</p>
<p><img alt="" src="http://www.geocities.com/Colosseum/Park/2070/CRACKER.GIF" /></p>
Now... From IHB's most <strike>loved</strike> hated RE <strike>economist</strike> spinmaster...
<strong>
2007:</strong> "The year was not what I expected for the industry but with all aspects of the media (print, broadcast, electronic, etc.) constantly "forecasting" steep price declines in housing, it is a wonder that housing made it through the year without a "collapse." Sure prices are down from their peak but home prices are still higher than they were at the end of 2004. Homeowners that purchased in the last couple of years and had to sell, most likely lost money. You can talk all you want about foreclosures but this year the total number may reach 4,000 homes and condos. Remember, the county has 800,000 homeowners. The credit markets greatly over-reacted to the subprime mess in 2007, which added to the misery of Orange County homeowners. As the year came to an end, the financial markets were working out their problems and clearing a way for lending in 2008."
<p><strong>Looking ahead:</strong>"With interest rates for home loans continuing to decline, the buyers can not afford to stay on the sidelines too much longer. The lenders are restructuring their loan programs and bringing new types of loans to the marketplace. Buyers now have the perfect combination of low rates, the best selection of homes in a decade, and really good prices. If they truly find the home they love, it is going to be hard not to buy with interest rates in the low 5's. <strong>This may well be the "bottom year" for real estate.</strong> So my advice for buyers: "2008 - Should Be The Year Not To Hesitate!" </p>
<p><em>--Gary Watts/broker for Impact Real Estate and real estate forecaster</em></p>
<p><em>Mission Viejo</em></p>
<a href="http://www.ocregister.com/article/real-year-estate-1959859-buyers-market"> The best was the assessment the agents had</a>. Many familiar names, spinning the same crap... Pent up demand, buyers market, foreigners, don't let the deals pass you by, and a "bottom call" from the Kool-Aid kingpin Gary "Pablo Escobar of RE" Watts.
Ah... yes, the media is to blame. If an agent/broker is a veteran, then they should know this whining didn't work in the 90s and it isn't going to work now.
<strong>
2007:</strong>"The "real" real estate truth is that our buyers could have been a little less skeptical if our media would have not "lumped" the Coast in with the Inland Empire. I truly believe in our area. There is only so much coast line and ocean view. It was a different market alright, a little tougher even for this real estate veteran. In spite of all the negative press that we hear and see in print, if you take the actual numbers around the coast communities our prices did not drop that much, but the number of transactions did.
<p><strong>What's ahead: "</strong>Let me get my crystal ball. I am an optimist. I see the glass not only through rose-colored glasses but always half full. Our coastal communities will hold their value in spite of most national forecasts. A little positive input from you our media voice would help." </p>
<p><em>---Maria Elena Banks/Prudential California Realty and board member of the Orange County Association of Realtors</em></p>
<p><em>Monarch Beach</em></p>
<p>Note to self: Avoid Ruben Rodarte for any RE transaction. His level of professionalism is non-existent.
</p>
<p><strong>2007:</strong>"Chicken Littles of the real estate world keep on clucking. Bright blue skies existed for our smart buyers and sellers." </p>
<p><strong>2008:</strong>"Critical factors are aligned and poised to make select individuals (who employ certain strategies) successful and, not to mention, wealthy. Low Rates + Inflated Home Supply + Economic Value + Pent-up Buyer/Seller Motivation = Opportunities Galore." </p>
<p><em>--Ruben Rodarte/Prudential California Realty</em></p>
<p><em>Anaheim Hills</em></p>
<p>Yup, this gem right here, will get all that pent up demand to get his phone ringing like crazy. He had to have snorted some Cherry Cracker flavored Kool-Aid before he took the OCR call. Seriously, it is the only reason that could explain the pure stupidity of this extremely unprofessional comment.
</p>
<p><img alt="" src="http://www.geocities.com/Colosseum/Park/2070/CRACKER.GIF" /></p>
Now... From IHB's most <strike>loved</strike> hated RE <strike>economist</strike> spinmaster...
<strong>
2007:</strong> "The year was not what I expected for the industry but with all aspects of the media (print, broadcast, electronic, etc.) constantly "forecasting" steep price declines in housing, it is a wonder that housing made it through the year without a "collapse." Sure prices are down from their peak but home prices are still higher than they were at the end of 2004. Homeowners that purchased in the last couple of years and had to sell, most likely lost money. You can talk all you want about foreclosures but this year the total number may reach 4,000 homes and condos. Remember, the county has 800,000 homeowners. The credit markets greatly over-reacted to the subprime mess in 2007, which added to the misery of Orange County homeowners. As the year came to an end, the financial markets were working out their problems and clearing a way for lending in 2008."
<p><strong>Looking ahead:</strong>"With interest rates for home loans continuing to decline, the buyers can not afford to stay on the sidelines too much longer. The lenders are restructuring their loan programs and bringing new types of loans to the marketplace. Buyers now have the perfect combination of low rates, the best selection of homes in a decade, and really good prices. If they truly find the home they love, it is going to be hard not to buy with interest rates in the low 5's. <strong>This may well be the "bottom year" for real estate.</strong> So my advice for buyers: "2008 - Should Be The Year Not To Hesitate!" </p>
<p><em>--Gary Watts/broker for Impact Real Estate and real estate forecaster</em></p>
<p><em>Mission Viejo</em></p>
