Comments on: 10 Reasons Why California is Years Away from a Housing Bottom: Rebuttal to Those Calling for a Bottom for California Housing. http://www.doctorhousingbubble.com/10-reasons-why-california-is-years-away-from-a-housing-bottom-rebuttal-to-those-calling-for-a-bottom-for-california-housing/ How I Learned to Love Southern California and Forget the Housing Bubble Tue, 06 Jan 2009 10:47:41 +0000 http://wordpress.org/?v=2.2.2 By: Jrock http://www.doctorhousingbubble.com/10-reasons-why-california-is-years-away-from-a-housing-bottom-rebuttal-to-those-calling-for-a-bottom-for-california-housing/#comment-30190 Jrock Tue, 30 Dec 2008 22:30:49 +0000 http://www.doctorhousingbubble.com/10-reasons-why-california-is-years-away-from-a-housing-bottom-rebuttal-to-those-calling-for-a-bottom-for-california-housing/#comment-30190 Sgt.Sausage, show me any houses in the USA that were selling for 800,000 and are now selling for 300,000. I'm all in no matter where that is, where do I sign?.....All I know about CA is never give up on this state, it will always come back in some way you'd never think of.... Sgt.Sausage, show me any houses in the USA that were selling for 800,000 and are now selling for 300,000. I’m all in no matter where that is, where do I sign?…..All I know about CA is never give up on this state, it will always come back in some way you’d never think of….

]]> By: Sgt.Sausage http://www.doctorhousingbubble.com/10-reasons-why-california-is-years-away-from-a-housing-bottom-rebuttal-to-those-calling-for-a-bottom-for-california-housing/#comment-28064 Sgt.Sausage Sat, 29 Nov 2008 22:35:37 +0000 http://www.doctorhousingbubble.com/10-reasons-why-california-is-years-away-from-a-housing-bottom-rebuttal-to-those-calling-for-a-bottom-for-california-housing/#comment-28064 ==> My Municipality, being Woodbury, MN has a 2006 net worth of $500 million for a city of 50,000 citizens Yeeeaaaaahhhhh .... mmmm kaaayyy. That's like those homes that *were* worth $800,000 are now selling for $300,000. Like the DJIA that was trading at 14,000 is now trading at 8,000. Like the billion dollar hedge funds that are now worth *less* than zero. ==> That is not chump change. You keep right on believing that. ==> My Municipality, being Woodbury, MN has a 2006 net worth of $500 million for a city of 50,000 citizens

Yeeeaaaaahhhhh …. mmmm kaaayyy. That’s like those homes that *were* worth $800,000 are now selling for $300,000. Like the DJIA that was trading at 14,000 is now trading at 8,000. Like the billion dollar hedge funds that are now worth *less* than zero.

==> That is not chump change.

You keep right on believing that.

]]> By: ed http://www.doctorhousingbubble.com/10-reasons-why-california-is-years-away-from-a-housing-bottom-rebuttal-to-those-calling-for-a-bottom-for-california-housing/#comment-27450 ed Sat, 22 Nov 2008 00:43:16 +0000 http://www.doctorhousingbubble.com/10-reasons-why-california-is-years-away-from-a-housing-bottom-rebuttal-to-those-calling-for-a-bottom-for-california-housing/#comment-27450 Whats up with the real estate agents now a days - you make an offer on a forceclose property and they say that someone else is making a higher offer or that they tell you that people are typically offering $10k to $30k over asking !....huhhh !!!???? i think thats a bunch of bs !! Are they trying to low ball ?Who would ever believe that when everyone knows that the house you're trying to buy now will surely still go down at least for another year. Isnt it in their best interest to sell it now as oppose to selling it later when it becomes a lot less, whats up with that ???? very puzzling....dont make sense Whats up with the real estate agents now a days - you make an offer on a forceclose property and they say that someone else is making a higher offer or that they tell you that people are typically offering $10k to $30k over asking !….huhhh !!!???? i think thats a bunch of bs !! Are they trying to low ball ?Who would ever believe that when everyone knows that the house you’re trying to buy now will surely still go down at least for another year. Isnt it in their best interest to sell it now as oppose to selling it later when it becomes a lot less, whats up with that ???? very puzzling….dont make sense

]]> By: Sean Cal http://www.doctorhousingbubble.com/10-reasons-why-california-is-years-away-from-a-housing-bottom-rebuttal-to-those-calling-for-a-bottom-for-california-housing/#comment-27104 Sean Cal Tue, 18 Nov 2008 08:11:53 +0000 http://www.doctorhousingbubble.com/10-reasons-why-california-is-years-away-from-a-housing-bottom-rebuttal-to-those-calling-for-a-bottom-for-california-housing/#comment-27104 Dr. thanks for the ten reasons as to why California is far from hitting the bottom. You managed to very persuasive arguments to the discussion with great backing facts. I agree with you that our economy as a whole is far from a housing bottom because today prices are slowing increasing and we are beginning to climb back up. Many might think otherwise but we are in no slump. There are many external factors that will not allow for us to hit a housing bottom. Even today such as the new development of L.A. Live this will demand an increase in sales prices for condos, apartments in the downtown area because entertainment is where people want to be. The metro areas are helping out our economy. Even with the real estate prices at 10% less than they were last year, many of the metro areas in the nation are still experiencing price increases. This is largely due to first time home buyers who can still afford to purchase properties and retiring homeowners who are selling their homes and then either moving into a retirement community or purchasing smaller properties. Another important factor is buyers are at a great position to purchase real estate and people do not want to drift away from that. The credit crisis is already is easing. Yes, your credit has to be good to get a good loan from a lender, but loans are available. And the loans are cheaper. As you mention, home prices continue their decline but that will only fuel a turnaround once the market picks back up. Lower prices and lower interest is where it is at now ask yourself what more can a homebuyer want? Dr. thanks for the ten reasons as to why California is far from hitting the bottom. You managed to very persuasive arguments to the discussion with great backing facts. I agree with you that our economy as a whole is far from a housing bottom because today prices are slowing increasing and we are beginning to climb back up. Many might think otherwise but we are in no slump. There are many external factors that will not allow for us to hit a housing bottom. Even today such as the new development of L.A. Live this will demand an increase in sales prices for condos, apartments in the downtown area because entertainment is where people want to be. The metro areas are helping out our economy. Even with the real estate prices at 10% less than they were last year, many of the metro areas in the nation are still experiencing price increases. This is largely due to first time home buyers who can still afford to purchase properties and retiring homeowners who are selling their homes and then either moving into a retirement community or purchasing smaller properties. Another important factor is buyers are at a great position to purchase real estate and people do not want to drift away from that. The credit crisis is already is easing. Yes, your credit has to be good to get a good loan from a lender, but loans are available. And the loans are cheaper. As you mention, home prices continue their decline but that will only fuel a turnaround once the market picks back up. Lower prices and lower interest is where it is at now ask yourself what more can a homebuyer want?

]]> By: V.P. http://www.doctorhousingbubble.com/10-reasons-why-california-is-years-away-from-a-housing-bottom-rebuttal-to-those-calling-for-a-bottom-for-california-housing/#comment-26736 V.P. Tue, 11 Nov 2008 05:51:34 +0000 http://www.doctorhousingbubble.com/10-reasons-why-california-is-years-away-from-a-housing-bottom-rebuttal-to-those-calling-for-a-bottom-for-california-housing/#comment-26736 Are you kidding me...why would anyone leave california. Thank you for the well written column. Great points. Only....Smitty seems to be dealing with other issues. What neighborhoods are you talking about Smitty. Sounds like you are not doing very well. By the way.....my neighbors to the left are Latinos who bring in over $200K/year. SMITTY...show a little class! Are you kidding me…why would anyone leave california. Thank you for the well written column. Great points. Only….Smitty seems to be dealing with other issues. What neighborhoods are you talking about Smitty. Sounds like you are not doing very well. By the way…..my neighbors to the left are Latinos who bring in over $200K/year. SMITTY…show a little class!

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