Foreclosures hit record 990 in July -...

Foreclosures hit record 990 in July - Hawaii Business

There are 225 comments on the Honolulu Star-Bulletin story from Aug 13, 2009, titled Foreclosures hit record 990 in July - Hawaii Business. In it, Honolulu Star-Bulletin reports that:

A record 990 Hawaii homes were foreclosed upon in July, a 332 percent increase over a year ago, according to the RealtyTrac U.S. Foreclosure Market Report.

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Since: Nov 08

Eagle River, AK

#1 Aug 13, 2009
Yep. Obama is right. The recession is over.

Since: Oct 08

Location hidden

#2 Aug 13, 2009
And how many articles in this newspaper said that the market was looking better? Maybe looking for better for them as they buy up all those foreclosures for deep discounts, then selling them for huge profits.
Aloha J

Honolulu, HI

#3 Aug 13, 2009
"Rock bottom prices?" Rock bottom prices here would buy you a mansion in other parts of the mainland. Hawaii's real estate prices continue to be ridiculously high.
Grinchie

United States

#4 Aug 13, 2009
Green Shoots! Cash for my Old Clunker for a New Clunker!

"Despite the gloomy foreclosure record, glimmers of hope have shone through recent economic reports, including one yesterday by the National Association of Realtors.

Second-quarter sales of existing homes were up over the first quarter in the majority of states and price declines increased affordability in most metro areas, the group said.

"We've seen strong double-digit gains" in 13 states including Hawaii (24.2 percent), said Lawrence Yun, the association's chief economist, in a statement."

The NAR, one step away for BigPharma in the sheer volume of Snake Oil they peddle.

The Government no doubt is beginning to see the magnitude of the Third Wave of Foreclosures on the Horizon, which it just about to start blocking out the Sun. Thats why we see all these happy stories about the Economy leveling out, backed up by Surveys of 53 Economists, and taking the medium of what they pull out of their hasses as far as the Economy goes. Real numbers, er, well, the real numbers generate stories like this one.

If people are gullible enough to believe this, like they proved during the brief rally this weak, then we really are a country driven by Propaganda.

I don't think it's going to work anymore. People are tired of Propaganda and a manufactured reality.

Notice that they rarely ever mention Commercial Real Estate in the same breath. You think the housing bubble was caused by reckless lending? You think that Commercial Real Estate didn't have access to free money too? Well, think again.
Oink

Wahiawa, HI

#5 Aug 13, 2009
The mainland sales are up but people are paying low prices. Down 50%.
The scary thing is people in Hawaii are still paying high prices for their home/condo.
Gustavo

Honolulu, HI

#6 Aug 13, 2009
Did any of these people take a mathematics course?
Why did they allow themselves to get into these no down payment ARMs? You only need $100,000 in the bank to
put a 20% down payment on a $500,000 home.

Gustavo
Gustavo

Honolulu, HI

#7 Aug 13, 2009
3-bedroom townhouse condos in Hawai'i Kai in 1971 were only $50,000.
But you still needed $10,000 in the bank for your down payment of 20%.
(I do know it is very hard to find a DOE graduate who can pass an 8th grade math test.)
Gustavo
HonoluluHousingC arnage

Wahiawa, HI

#8 Aug 13, 2009
Once again Star Bulletin staff quote the Realturd (TM) shills.

Let's do a math check...
July Oahu foreclosures: 542
July Oahu sales: 250 (approximately)

Where is this foreclosure inventory going?
HonoluluHousingC arnage

Wahiawa, HI

#9 Aug 13, 2009
July Oahu foreclosures: 542
July Oahu sales: 265

-> 2.04 foreclosures for every sale!
Willy

Portland, OR

#10 Aug 13, 2009
Records are made to be broken!
Guru

Brea, CA

#11 Aug 13, 2009
HayninAk wrote:
Yep. Obama is right. The recession is over.
yep....sure it is.
http://www.equityflux.com/wp-content/uploads/...
Guru

Brea, CA

#12 Aug 13, 2009
...don't see Hawaii in here. I would have thought we would...considering the naysayers and negative-crybabies in Topix...lol. Why live in paradise if all you can do is complain? Move to Ohio...you'll be heard better there.-lol
http://online.wsj.com/article/SB1250111064983...
Guru

Brea, CA

#13 Aug 13, 2009
HonoluluHousingCarnage wrote:
July Oahu foreclosures: 542
July Oahu sales: 265
-> 2.04 foreclosures for every sale!
"
crash wrote:
<quoted text>
"Hawaii ranked 15th in the nation for foreclosures in July, up from 19th in June, according to the latest report from RealtyTrac issued Wednesday."
Hawaii continues to climb. Will Hawaii be in the top 10?

Again....one in over 500 homes Rayem. One house in 25 blocks. One house. And I am sure that it is mostly condo's, not homes. It might be one in a thousand homes, and 1 in 250 condos. Keep dreaming, Rayem. And keep pining away for your opportunity to steal someone else's home.

Parasites are all over Hawaii. Termites, fleas, mosquitoes, leeches, rats, mice, ants, chiggers, lice, mold, mealy bugs, roaches, centipedes, spiders, and other vermin. And Rayem.
http://jahandost.files.wordpress.com/2008/01/... ;
Grinchie

United States

#14 Aug 13, 2009
Gustavo wrote:
Did any of these people take a mathematics course?
Why did they allow themselves to get into these no down payment ARMs? You only need $100,000 in the bank to
put a 20% down payment on a $500,000 home.
Gustavo
It was pure speculation, driven by loose lending, no fiscal responsibility for the mortagages they wrote, and then sold to the CDO makers, who then sold them around the world as Triple AAA rated, no risk investments.

All they needed were bodies that wanted to play the bubble game. Don't forget all the "Consolidate your "Unsecured" Credit Card debt, by "Securing" it with a Home Equity Loan. Lot's of people didn't think about losing their house due to credit card debt oustanding.

Sure, the fundamentals tell us that they shouldn't do it, but the system allowed it, and promoted it as well.

Alt-A loans as well as Prime loans are getting ready to reset, and the Fed has no choice but to leave the Fed Rate at practically zeroe, for fear that the Third Wave would be catastrophic. Too bad for them that the Public is tapped out, and despite the Fed Rate practically allowing free loans to the bank, they are investing it in Gasoline Futures and other specualtion instead of lending it to Small Businesses and the general public.
Grinchie

United States

#15 Aug 13, 2009
Guru wrote:
<quoted text>
"
crash wrote:
<quoted text>
"Hawaii ranked 15th in the nation for foreclosures in July, up from 19th in June, according to the latest report from RealtyTrac issued Wednesday."
Hawaii continues to climb. Will Hawaii be in the top 10?
Again....one in over 500 homes Rayem. One house in 25 blocks. One house. And I am sure that it is mostly condo's, not homes. It might be one in a thousand homes, and 1 in 250 condos. Keep dreaming, Rayem. And keep pining away for your opportunity to steal someone else's home.
Parasites are all over Hawaii. Termites, fleas, mosquitoes, leeches, rats, mice, ants, chiggers, lice, mold, mealy bugs, roaches, centipedes, spiders, and other vermin. And Rayem.
http://jahandost.files.wordpress.com/2008/01/... ;
Poor Guru. The concept of Foreclosures outpacing Sales is just too unpleasant for his narrow minded worldview.

Poor Guru, what 's the matter, you didn't get your daily happy meal?
Guru

Brea, CA

#16 Aug 13, 2009
Grinchie wrote:
<quoted text>
Poor Guru. The concept of Foreclosures outpacing Sales is just too unpleasant for his narrow minded worldview.
Poor Guru, what 's the matter, you didn't get your daily happy meal?
...you're not in jail yet?
Gooroo Madoff

Mililani, HI

#18 Aug 14, 2009
Guru wrote:
<quoted text>
...you're not in jail yet?
Feelin' lonely there, Bernie?
Grinchie

United States

#19 Aug 14, 2009
Guru wrote:
<quoted text>
...you're not in jail yet?
Lets see, that was your answer for all the Illegal Immigrants that were ruining L.A. last month, now you propose jail time for someone that call you out on your B.S.

Sounds like you really have no ideas how to coexist in the world, and would rather see your tax dollars spent housing people and giving them free health care, food , exercise and training on how to be a better criminal.

It figures that would be the only thing that took seed in your little, undeveloped mind.

It's alright Duru, I know that you are a impotent lttle napolean, but it sure is great sport knocking you down for your stupidity over and over again. Was your mother an inflatable punching clown named Bobo?
Guru

Brea, CA

#20 Aug 14, 2009
Grinchie wrote:
<quoted text>
Lets see, that was your answer for all the Illegal Immigrants that were ruining L.A. last month, now you propose jail time for someone that call you out on your B.S.
Sounds like you really have no ideas how to coexist in the world, and would rather see your tax dollars spent housing people and giving them free health care, food , exercise and training on how to be a better criminal.
It figures that would be the only thing that took seed in your little, undeveloped mind.
It's alright Duru, I know that you are a impotent lttle napolean, but it sure is great sport knocking you down for your stupidity over and over again. Was your mother an inflatable punching clown named Bobo?
..........total meltdown. Call the guys in the white coats.-lol!
Joe the Vice President

Lihue, HI

#21 Aug 14, 2009
Let's see, we take tax payer money and give it to people so they can buy Japanese cars, then the dealers sell the Clunkers down Mexico Way.

Now people are further in debt, and they won't need a new car for 5-10 years.

Unlike Supply Side, this is sound economics.

Love, Hope, and Change, xxx Big Joe.

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