This looks like a fipper that is trying to make the mortgage payments by renting the entire house or rooms on a monthly basis…......sort of like a hotel..
.....anyone have any information? ——-
Posted by RickHunter on 01/08/07 at 11:35 AM
“The Orange County Real Estate Forum is a group that meets on the 2nd Tuesday of every month.“
If the group meets once a month every Tuesday…then why is this meeting on Thursday?
Thanks anon! There are definitely some things that seem similar but one thing that is different is that in the Shagi Indud story, all the properties were owned by the Bizza family. I really wish I could get some more exposure to that story and get a professional to look into it.
Jon is pretty bullish on OC real estate. He does post some negative information such as increased inventory levels, but most of the people he has on as “experts” are just shills. That tells me that he is pro shill in the final analysis. He will be distressed down the road.
Nice writeup… Sounds like I didn’t miss too much (this time).
Posted by steve on 01/12/07 at 05:58 PM
sounds a lot like the stock investment clubs that became so hot in the Nasdaq bubble. many of them kept trying for a year or two after the meltdown began in 2000, but by 2003 they were forgotten. same thing will happen here, in 2 years you won’t be able to get anyone to talk real estate (which is the way it should be, homes are for living, not gambling).
Posted by irvinesinglemom on 01/08/07 at 06:27 PM
I wish I could go. However, I doubt 3 year olds are welcome in the audience. So I’ll have to pass, this time.
Posted by NanoWest on 01/08/07 at 10:37 AM
On craigslist this house is showing up in the rental section…......
http://orangecounty.craigslist.org/apa/258022548.html
or
http://orangecounty.craigslist.org/apa/258841754.html
This looks like a fipper that is trying to make the mortgage payments by renting the entire house or rooms on a monthly basis…......sort of like a hotel..
.....anyone have any information?
——-
Posted by RickHunter on 01/08/07 at 11:35 AM
“The Orange County Real Estate Forum is a group that meets on the 2nd Tuesday of every month.“
If the group meets once a month every Tuesday…then why is this meeting on Thursday?
Posted by zovall on 01/08/07 at 12:34 PM
RickHunter,
That was my bad. They meet on Thursday (not Tuesday). Thanks for catching that!
Posted by oc_fliptrack on 01/08/07 at 05:09 PM
I might go.
Do NOT expect me to put “Bubble Blogger” on my name tag.
Posted by Anonymous on 01/09/07 at 06:17 AM
Check this out:
http://bubbletracking.blogspot.com/
Flood of Frauds and Foreclosures in Murrieta
Maybe the same kind of fraud was going on at your 39 Modesto post.
Posted by zovall on 01/09/07 at 07:35 AM
Thanks anon! There are definitely some things that seem similar but one thing that is different is that in the Shagi Indud story, all the properties were owned by the Bizza family. I really wish I could get some more exposure to that story and get a professional to look into it.
Posted by Gary Anderson on 01/10/07 at 05:02 PM
Jon is pretty bullish on OC real estate. He does post some negative information such as increased inventory levels, but most of the people he has on as “experts” are just shills. That tells me that he is pro shill in the final analysis. He will be distressed down the road.
Posted by oc_fliptrack on 01/11/07 at 11:46 PM
Well?
Posted by oc_fliptrack on 01/12/07 at 08:40 AM
Nice writeup… Sounds like I didn’t miss too much (this time).
Posted by steve on 01/12/07 at 05:58 PM
sounds a lot like the stock investment clubs that became so hot in the Nasdaq bubble. many of them kept trying for a year or two after the meltdown began in 2000, but by 2003 they were forgotten. same thing will happen here, in 2 years you won’t be able to get anyone to talk real estate (which is the way it should be, homes are for living, not gambling).
Posted by Gary Anderson on 01/16/07 at 06:42 PM
Speaking of Temecula check out this billion dollar mortgage scam link: http://prweb.com/releases/2007/1/prweb497285.htm