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02-26-2008, 07:23 AM
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Not a member
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Join Date: Feb 2008
219 posts
Reputation: 32
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Not on there! Sticks out tongue! lol
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02-26-2008, 07:59 AM
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Senior Member
Status:
"God Bless Texas!"
(set 22 days ago)
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Join Date: Aug 2007
Location: San Antonio, TX
3,124 posts, read 2,231,821 times
Reputation: 1216
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Wow, our old zip code was #1!
Quote:
Here's a look at the ten zip codes with the most foreclosures in Bexar County:
1. 78250
2. 78245
3. 78244
4. 78228
5. 78223
6. 78233
7. 78258
8. 78109
9. 78247
10. 78251
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And to help everyone figure out where these are, here's a map...
Some are not surprising, people took advantage of the housing boom to buy above their income and now they are paying the price. I hate to see anyone lose their home; but this is the result of the sub-prime mortgage mess; and I am sorry, anyone who claims "they didn't understand the terms of the loan when they signed it" as the couple in the article stated were doomed from the get go! But another good point is that although the number of foreclosures is up, percentage-wise it is decreasing. Plus our housing market was never as inflated as it was in otherplaces in the country. Also, San Antonio's job market is still strong and is expected to stay that way, which will shield us from the mortgage crisis that many other cities are experiencing.
So the sky's not falling, and the threat of recession isn't looming as many claim. Stay calm, do your research, and don't panic and all should be fine!
Cheers! M2
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02-26-2008, 08:20 AM
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Not a member
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Join Date: Jul 2007
455 posts
Reputation: 52
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Interesting!
Not in my neighborhood but there are plenty of vacancies thanks to the Californians trying to make some $$$ flipping houses and them not selling.
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02-26-2008, 08:23 AM
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Nuttin a 2 step wont fix!
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Join Date: Dec 2007
Location: Texas
1,853 posts, read 1,186,499 times
Reputation: 818
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Yeah... the flipping market has pretty much had the bottom fall out of it.. After watching some of the tv shows.. I wonder how some of those people are faring that bought those 1million dollar homes and were flipping em for 2 mil in California. I am sure they are at their wits end.
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02-26-2008, 08:27 AM
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Not a member
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Join Date: Jul 2007
455 posts
Reputation: 52
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We don't like flippers, but I suspect the ones doing it locally aren't out too much money. If they sold homes in CA, they probably paid cash for the homes in our 'hood. (Not all are from CA, but many are)
I'd much rather families bought these houses to live in and be part of the community, rather than flippers who do a shoddy job and drive up taxes with false pricing, not to mention trying to temp in an element I'd rather avoid (yes, I have my own prejudice - I really don't want people who demand a Star$ucks on every corner).
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02-26-2008, 09:06 AM
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Senior Member
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Join Date: Apr 2007
1,735 posts, read 1,484,663 times
Reputation: 225
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Quote:
Originally Posted by sapphire
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Very interesting. I am not surprised to see Stone Oak on there. The zip code I moved out of 78248...did not make the list. |
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02-26-2008, 10:31 AM
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Senior Member
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Join Date: Aug 2007
Location: Stone Oak
132 posts, read 156,215 times
Reputation: 52
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Quote:
Originally Posted by michelangelosa
Not on there! Sticks out tongue! lol
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Don't be fooled by the statistics. Note that the list only represents the top 10 and if your zip code is not in there it does not mean your area was free of foreclosures. The difference between #6 and #10 on that list is only about 17 homes which is hardly a difference considering that foreclosures were in the 300s. I'll bet #11 through #20 which were not published are also in the mid 200s to lower 300s in number of foreclosures and that might include your zip code.  |
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02-26-2008, 10:45 AM
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Senior Member
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Join Date: Dec 2007
530 posts, read 574,654 times
Reputation: 82
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Also, I'd be curious about the percentage of homes that went into foreclosure. Those areas that had more foreclosure might have more houses??
Quote:
Originally Posted by StanStelle
Don't be fooled by the statistics. Note that the list only represents the top 10 and if your zip code is not in there it does not mean your area was free of foreclosures. The difference between #6 and #10 on that list is only about 17 homes which is hardly a difference considering that foreclosures were in the 300s. I'll bet #11 through #20 which were not published are also in the mid 200s to lower 300s in number of foreclosures and that might include your zip code. |
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02-26-2008, 10:58 AM
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Senior Member
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Join Date: Jan 2007
Location: Dallas-75254
1,021 posts, read 1,220,851 times
Reputation: 270
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78209, is free and clear, not surprising, what is though is my aunt and uncle's zip of 78109. 78109 is converse and most of the homes there are pretty old, and not what I would call luxurious, just middle class housing. I wonder what's going on there.
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