Foreclosure Alley in South California

**Silverbird** · 10-06-2008, 06:55 PM

Those are not low-income houses.....that's overbuilt, especially the spas. Just like ours in PWC. This was the loansharks passing on the loans.

**Frixxxx** · 10-06-2008, 07:06 PM

The lady that called that spot next to the I-15 Foreclosure Alley. I can tell you, that's every neighborhood here in SO CAL. I sold my house right at the peak and downsized. People said I was nuts. My house payment dropped with the eqiuty I put into the "new" house. My utilities went down for keeping it cool. Now, because of my SMART move, my house is down 50% in value. I put 30% in it.

Man, I hate it when a historic era in America's history takes me with it. From the dot-com until probably 2015 will be a whole economic study in What to do when even the BANKS screw up!

**mick504** · 10-10-2008, 09:50 AM

I guess people thought house prices would never go down. I knew they were going up too fast especially in the greater Seattle area where I lived for 38 years before retiring. However I think in Seattle most people were buying them just to live in and not for speculation purposes...like some were. I never forget the late 60's and early 70's when Boeing went down....layoffs etc....houses were really cheap....Engineers were out of work and walked away from houses. Seattle is much more advanced in terms of industries now...much broader and safer for a housing mkt. Still developers were paying too much for land and then built expecting a big profit....too bad....all didn't work out.

**Handballer** · 04-22-2009, 01:09 AM

Originally Posted by McDuck

Lisa Ling is hot.

Lisa Ling's sister, Laura Ling and another were jailed by the North Korean government for allegedly crossing their border illegally. This happened a month ago. There doesn't appear to be any recent news about it.

The foreclosure situation is bad accross the country. There are some people that should be hanged for their wrongdoing.