Comments on: 10 Percent Unemployment in California: Which Counties are Hurting the Most and What it Means for Housing. http://www.doctorhousingbubble.com/10-percent-unemployment-in-california-which-counties-are-hurting-the-most-and-what-it-means-for-housing/ How I Learned to Love Southern California and Forget the Housing Bubble Wed, 10 Mar 2010 15:32:01 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Katrina http://www.doctorhousingbubble.com/10-percent-unemployment-in-california-which-counties-are-hurting-the-most-and-what-it-means-for-housing/comment-page-1/#comment-17907 Katrina Tue, 10 Jun 2008 17:17:51 +0000 http://www.doctorhousingbubble.com/10-percent-unemployment-in-california-which-counties-are-hurting-the-most-and-what-it-means-for-housing/#comment-17907 Good observations. I always wonder how he or she is able to earn his/her living plus buy a house. Any time I am in constant search for some additional sourses to get money on my new house... but... The information provided in this post is so detailed that presents a big interest for the majority of us. Thank you so much, we are waiting for the new not less useful issues . Good observations. I always wonder how he or she is able to earn his/her living plus buy a house. Any time I am in constant search for some additional sourses to get money on my new house… but… The information provided in this post is so detailed that presents a big interest for the majority of us. Thank you so much, we are waiting for the new not less useful issues .

]]> By: Hubbert http://www.doctorhousingbubble.com/10-percent-unemployment-in-california-which-counties-are-hurting-the-most-and-what-it-means-for-housing/comment-page-1/#comment-17728 Hubbert Mon, 09 Jun 2008 17:53:23 +0000 http://www.doctorhousingbubble.com/10-percent-unemployment-in-california-which-counties-are-hurting-the-most-and-what-it-means-for-housing/#comment-17728 @Norman: "unemployment, like all the other number, nobody think it’s perfect, but since it has been gathered the same way for decades, so it distorts fact in a consistent way." That would be true if the government never changed the methodology. But many allege that politically-motivated changes made to the methods over the decades are significant. For instance, the use of "owner's equivalent rent," "hedonic" adjustments, the use of "core" inflation, etc. See shadowstats.com (and maybe earlier posts here). Others have pointed out that even when gas was cheap, and even if the costs of "stuff you buy at Wal-Mart" remained fixed, the major costs of being a middle-class American (going to college, buying a house, and going to the doctor) have increased phenomenonally. @Norman:
“unemployment, like all the other number, nobody think it’s perfect, but since it has been gathered the same way for decades, so it distorts fact in a consistent way.”

That would be true if the government never changed the methodology.

But many allege that politically-motivated changes made to the methods over the decades are significant. For instance, the use of “owner’s equivalent rent,” “hedonic” adjustments, the use of “core” inflation, etc.

See shadowstats.com (and maybe earlier posts here).

Others have pointed out that even when gas was cheap, and even if the costs of “stuff you buy at Wal-Mart” remained fixed, the major costs of being a middle-class American (going to college, buying a house, and going to the doctor) have increased phenomenonally.

]]> By: striker http://www.doctorhousingbubble.com/10-percent-unemployment-in-california-which-counties-are-hurting-the-most-and-what-it-means-for-housing/comment-page-1/#comment-17709 striker Mon, 09 Jun 2008 14:53:57 +0000 http://www.doctorhousingbubble.com/10-percent-unemployment-in-california-which-counties-are-hurting-the-most-and-what-it-means-for-housing/#comment-17709 http://www.youtube.com/watch?v=AqgePGsDqzs&feature=user http://www.youtube.com/watch?v=AqgePGsDqzs&feature=user

]]> By: aliboy http://www.doctorhousingbubble.com/10-percent-unemployment-in-california-which-counties-are-hurting-the-most-and-what-it-means-for-housing/comment-page-1/#comment-17661 aliboy Mon, 09 Jun 2008 06:53:26 +0000 http://www.doctorhousingbubble.com/10-percent-unemployment-in-california-which-counties-are-hurting-the-most-and-what-it-means-for-housing/#comment-17661 As ever Dr HB you are right on message. I read your blog religiously,as I always come back to the same question, where are people getting their money from to afford these houses? It really does interest me that, although to me all you write is common sense knowledge, the mainstream media fails to report anything remotely that you will find here. Keep up the good work. As ever Dr HB you are right on message. I read your blog religiously,as I always come back to the same question, where are people getting their money from to afford these houses? It really does interest me that, although to me all you write is common sense knowledge, the mainstream media fails to report anything remotely that you will find here. Keep up the good work.

]]> By: IErenter http://www.doctorhousingbubble.com/10-percent-unemployment-in-california-which-counties-are-hurting-the-most-and-what-it-means-for-housing/comment-page-1/#comment-17660 IErenter Mon, 09 Jun 2008 06:30:43 +0000 http://www.doctorhousingbubble.com/10-percent-unemployment-in-california-which-counties-are-hurting-the-most-and-what-it-means-for-housing/#comment-17660 Dear Doctor and fellow readers: I have been reading this blog, so cal housing crash, and the Irvine blog for the last two years or so. I have learned so much from these blogs and I thank you for that. I live in Riverside and plan on buying in Riverside. Home prices here have been declining a lot. However, I still believe that we still have a long way to go. I have learned that the median prices in an undesirable city such as Riverside (weather, commute, lack of job opportunities), should not be more than 3 times the median income. From my knowledge, I believe that the median income here is around 55k per year. Thus, median price should not be more than 165k. However, the median here is still around 300k. Therefore, I believe we still have another 45% drop ahead of us. Am I wrong ??? Please let me know what you think. I have been waiting for the right time to buy. Nothing fancy, just a place to call my own. Thank you all for your help. Thanks again. Dear Doctor and fellow readers:

I have been reading this blog, so cal housing crash, and the Irvine blog for the last two years or so. I have learned so much from these blogs and I thank you for that. I live in Riverside and plan on buying in Riverside. Home prices here have been declining a lot. However, I still believe that we still have a long way to go. I have learned that the median prices in an undesirable city such as Riverside (weather, commute, lack of job opportunities), should not be more than 3 times the median income. From my knowledge, I believe that the median income here is around 55k per year. Thus, median price should not be more than 165k. However, the median here is still around 300k. Therefore, I believe we still have another 45% drop ahead of us. Am I wrong ??? Please let me know what you think. I have been waiting for the right time to buy. Nothing fancy, just a place to call my own. Thank you all for your help. Thanks again.

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