tag:blogger.com,1999:blog-18675105.post6123659453853872993..comments2023-12-30T10:06:37.450+00:00Comments on HousingPANIC - The Housing Bubble Blog with an Attitude Problem, 2005 - 2008: CitiMortgage spells it out - here's their short list of crashing home price counties (where they have offices) that they're scared to do new mortgagesbloggerhttp://www.blogger.com/profile/06585266242070350399noreply@blogger.comBlogger35125tag:blogger.com,1999:blog-18675105.post-53135361377060387152007-09-07T13:45:00.000+01:002007-09-07T13:45:00.000+01:00They have all of Metro Detroit/Southeastern Michig...They have all of Metro Detroit/Southeastern Michigan on that list -- no surprise there. Actually, they are missing Wayne (Detroit, proper), and Genessee (Flint) which have perpetually depressed property prices; and Monroe and Sanilac which are mostly rural counties and haven't been urbanized, yet.kxm519xyzhttps://www.blogger.com/profile/02614689217680937215noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-82821329309234325402007-09-07T07:31:00.000+01:002007-09-07T07:31:00.000+01:00The sellers aren't necessarily greedy, they are ju...The sellers aren't necessarily greedy, they are just *WAY DEEP* in debt, with little of their own cash, so they literally have to sell at their asking price in order to make ends meet.<BR/><BR/>It's a really nasty (going to get way nastier) place for a home debter to be.<BR/><BR/>It's an absolute certaintly that prices will fall, just to start making a noticeable dent in all the excess housing inventory spread across the country.<BR/><BR/>Anonymous said... <BR/>NOVA needs to TANK, and Tank Hard!!<BR/><BR/>What so many greedy sellers don't realize, is that nothing will change with this stand-still market until prices absolutely collapse. They just mustAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-32036232685471023082007-09-07T07:27:00.000+01:002007-09-07T07:27:00.000+01:00They didn't forget OC and LAC, they're just still ...They didn't forget OC and LAC, they're just still considered "desirable areas".<BR/><BR/>Ron said... <BR/>OC and LAC are not on the list....whoops biggest dollar loss scenarios playing out there now, how they forget those two juggernauts of loss is beyond me.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-58774269805886075542007-09-07T07:24:00.000+01:002007-09-07T07:24:00.000+01:00Southern Ca. is another area we'll soon see more f...Southern Ca. is another area we'll soon see more foreclosure spikes,<BR/>particularly along the coastal regions.<BR/><BR/>Central California is really awful, as their "short-list" indicates.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-71502343944134676132007-09-07T05:57:00.000+01:002007-09-07T05:57:00.000+01:00Awesome! Get these crack dealers..er..."lenders" o...Awesome! Get these crack dealers..er..."lenders" out of American communities.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-87138957218009738012007-09-07T02:59:00.000+01:002007-09-07T02:59:00.000+01:00The link goes back to an unrelated story. Can some...The link goes back to an unrelated story. Can someone post the list or a link to it?<BR/><BR/>thanksAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-67906986611349542592007-09-07T02:57:00.000+01:002007-09-07T02:57:00.000+01:00Keith,The link goes back to a news story, not the ...Keith,<BR/><BR/>The link goes back to a news story, not the list. Can someone please post the linky?<BR/><BR/>thanksAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-54231461640850512482007-09-07T02:35:00.000+01:002007-09-07T02:35:00.000+01:00westwest888 said:"HAH, as someone who lives in Was...westwest888 said:<BR/><BR/>"HAH, as someone who lives in Washington DC I'm glad to see that half that page is dedicated to every municipality in Virginia and Maryland within 50 miles of here in every direction."<BR/><BR/>Except for Montgomery County which is conspicuously missing from the list. Apparently Bethesda, Potomac and Chevy Chase are too good to pass up for funding those big jumbo loans.Chrishttps://www.blogger.com/profile/10586722597797330208noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-86190644022602060642007-09-07T00:38:00.000+01:002007-09-07T00:38:00.000+01:00It's only the counties where CitiMortgage has offi...It's only the counties where CitiMortgage has offices, right? <BR/><BR/>As it happens, my county is on that list - YAY!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-59988851945992061852007-09-06T23:11:00.000+01:002007-09-06T23:11:00.000+01:00NOVA needs to TANK, and Tank Hard!!What so many gr...NOVA needs to TANK, and Tank Hard!!<BR/><BR/>What so many greedy sellers don't realize, is that nothing will change with this stand-still market until prices absolutely collapse. They just must.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-75415840992959645712007-09-06T23:05:00.000+01:002007-09-06T23:05:00.000+01:00Oh snap, thanks for the link! I've seen 20-30% off...Oh snap, thanks for the link! I've seen 20-30% off already, but that's on the homes no one wants.<BR/><BR/>I'm looking for 20-30% off the desirable ones too like in Arlington, Old Town, Tysons, Great Falls, etc...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-67994405309084665972007-09-06T22:45:00.000+01:002007-09-06T22:45:00.000+01:00OC and LAC are not on the list....whoops biggest d...OC and LAC are not on the list....whoops biggest dollar loss scenarios playing out there now, how they forget those two juggernauts of loss is beyond me.Unknownhttps://www.blogger.com/profile/01161426670107699230noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-10791460022724647522007-09-06T22:10:00.000+01:002007-09-06T22:10:00.000+01:00YES NOVA is on the list!YES NOVA is on the list!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-40493593076516383352007-09-06T21:12:00.000+01:002007-09-06T21:12:00.000+01:00In CA, Contra Costa County has tons of homes being...In CA, Contra Costa County has tons of homes being built in cities like Dublin, Richmond, Pinole, Livermore, And even a new city east of Livermore called Mountain House. <BR/><BR/><BR/>More people than homes in Contra Costa County!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-16626662221678067302007-09-06T20:09:00.000+01:002007-09-06T20:09:00.000+01:00I live in Palm Beach County which is on the list. ...<I>I live in Palm Beach County which is on the list. People here are soo stupid and really have no idea what is going to happen to them.</I><BR/><BR/>What did you expect from people who were outsmarted by ballots?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-74664890529826447192007-09-06T20:01:00.000+01:002007-09-06T20:01:00.000+01:00WooHooo! Hillsborough County, New Hampshire - my ...WooHooo! Hillsborough County, New Hampshire - my home!<BR/>Been waiting on the sidelines for FIVE years, living in a crummy overpriced apartment, paying off two cars, getting rid of all my debt and saving up 5% down+ closing costs.<BR/>Hoping prices will drop big time here soon.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-9305930088852481052007-09-06T19:30:00.000+01:002007-09-06T19:30:00.000+01:00There are about 5000 counties in the country. So a...There are about 5000 counties in the country. So about 50 or so counties now require an extra 5% down.<BR/><BR/>WOW!!! That's a whole 1% of the country.<BR/><BR/>No mention of Chicago, NYC, Texas, Las Vegas, Phoenix, nothing in the South (I don't consider FL as being part of the South), nothing in the Pacific NW, nothing in the plains. Essentially it's DC suburbs, parts of California and Florida. <BR/><BR/>Wake me up when that list expands by about 500 counties, then it will mean something.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-22419979428909556992007-09-06T19:21:00.000+01:002007-09-06T19:21:00.000+01:00Where's Nevada?Where's Nevada?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-32654123953893353002007-09-06T18:16:00.000+01:002007-09-06T18:16:00.000+01:00Miami-Dade would be on list if not for the amount ...Miami-Dade would be on list if not for the amount of kickbacks in the sale price. 450000 - 60000 cashback<BR/><BR/>Lots of fraud in Miami. I live here.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-57342168828904860982007-09-06T18:14:00.000+01:002007-09-06T18:14:00.000+01:00Nova & Westwest888 - I'm with you guys...I'm well ...Nova & Westwest888 - I'm with you guys...I'm well south of the NoVa nightmare, but was traveling back south on 15 through MD to home south of Culpepper on Labor Day, marvelling at just how nasty it's gotten and how far out. At least this will slow/stop the sprawl a while.Scott_Rhttps://www.blogger.com/profile/10337416641945457289noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-81633069646779853412007-09-06T17:41:00.000+01:002007-09-06T17:41:00.000+01:00I am amazed that Brown county, Wisconsin, did not ...I am amazed that Brown county, Wisconsin, did not make their list.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-2102471332137912022007-09-06T16:52:00.000+01:002007-09-06T16:52:00.000+01:00Nova:Many are already at 20-30% haircut. Check ou...Nova:<BR/><BR/>Many are already at 20-30% haircut. Check out Harriet's blog, which Kieth should provide a link to if he has not done so as of yet.<BR/><BR/>http://novabubblefallout.blogspot.com/<BR/><BR/>And, if you go, please leave some kind words for Lance the douche.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-3685915298998373212007-09-06T16:38:00.000+01:002007-09-06T16:38:00.000+01:00Look at all those Md. and Va. counties! I guess al...Look at all those Md. and Va. counties! I guess all those gubermint workers and Iraq war dollars can't afford all these overpriced pieces of crap after all...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-3932962417668152362007-09-06T16:18:00.000+01:002007-09-06T16:18:00.000+01:00I got a theory on why Miami is not on here. What I...I got a theory on why Miami is not on here. What I been seeing lately is a lot of rooms for rent with the owners still occupying them in homes that were bought with adjustable mortgages. This can explain human adaptation to this mess. There is always a way!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-29619519839453615662007-09-06T16:12:00.000+01:002007-09-06T16:12:00.000+01:00Pinellas is the most densely populated county in F...Pinellas is the most densely populated county in Florida - and along with Hillsborough, saw some pretty stupefying increases over the past 3-5 years. Perhaps Pasco is feeling it first because there's more new housing that needs to be lowballed onto the market, and the commute from Pasco would be a deal breaker for a lot of prospective buyers. <BR/><BR/>But I have no doubt in my mind that the Tampa/St. Pete/Clearwater area is going to see carnage. it's been showing a bit in the condos for the past year now. Long ways to go, though.....Anonymousnoreply@blogger.com