Comments on: 2010 Economic Forecast for California: What 10 Reasons Will Keep a lid on the Housing and Economic Recovery for California? http://www.doctorhousingbubble.com/2010-economic-forecast-for-california-what-10-reasons-will-keep-a-lid-on-the-housing-and-economic-recovery-for-california/ How I Learned to Love Southern California and Forget the Housing Bubble Thu, 09 Feb 2012 06:16:36 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Jeff http://www.doctorhousingbubble.com/2010-economic-forecast-for-california-what-10-reasons-will-keep-a-lid-on-the-housing-and-economic-recovery-for-california/#comment-54168 Jeff Tue, 31 Aug 2010 08:18:34 +0000 http://www.doctorhousingbubble.com/?p=2781#comment-54168 It's now Fall 2010 and it's interesting to read an older post about predictions for this year. Every point made here is holding true and it's hard to see any changes in the forseeable future. Since 2008 I did not expect housing to bottom out until 2012... remember that every 6 months or so analysts regurgitate their latest prediction of... "look for growth starting in the first/second half of the year...". If anything has changed in my outlook it is that I no longer expect recovery in 2012. I think it's going to be longer. Our fiscal and unemployment problems are deep and structural. We are not in a normal recession and there will be no normal recovery pattern as we have seen in past years. It's definitely a scary time. It’s now Fall 2010 and it’s interesting to read an older post about predictions for this year. Every point made here is holding true and it’s hard to see any changes in the forseeable future. Since 2008 I did not expect housing to bottom out until 2012… remember that every 6 months or so analysts regurgitate their latest prediction of… “look for growth starting in the first/second half of the year…”. If anything has changed in my outlook it is that I no longer expect recovery in 2012. I think it’s going to be longer. Our fiscal and unemployment problems are deep and structural. We are not in a normal recession and there will be no normal recovery pattern as we have seen in past years. It’s definitely a scary time.

]]> By: John CPA, MBA http://www.doctorhousingbubble.com/2010-economic-forecast-for-california-what-10-reasons-will-keep-a-lid-on-the-housing-and-economic-recovery-for-california/#comment-49049 John CPA, MBA Thu, 13 May 2010 22:57:22 +0000 http://www.doctorhousingbubble.com/?p=2781#comment-49049 Great Blog. It looks like that the federal tax credit borrowed from future sales, and this summer's sales will be disappointing. A few days ago, I was going to put my home up for sale in Burbank. Tudor, upgraded, 1350 sq ft for the Zillow price of $577,000. But I did some research and saw how large the inventory was compared to the sales, so I put the idea on the shelf for maybe next summer, or when things become more normal. Your Blog's info makes me confident in my decision. Great Blog. It looks like that the federal tax credit borrowed from future sales, and this summer’s sales will be disappointing. A few days ago, I was going to put my home up for sale in Burbank. Tudor, upgraded, 1350 sq ft for the Zillow price of $577,000. But I did some research and saw how large the inventory was compared to the sales, so I put the idea on the shelf for maybe next summer, or when things become more normal. Your Blog’s info makes me confident in my decision.

]]> By: Jason http://www.doctorhousingbubble.com/2010-economic-forecast-for-california-what-10-reasons-will-keep-a-lid-on-the-housing-and-economic-recovery-for-california/#comment-44064 Jason Tue, 12 Jan 2010 00:36:02 +0000 http://www.doctorhousingbubble.com/?p=2781#comment-44064 I see accuracy in most of what you say. No jobs means no purchasing of big ticket items (even cars). And since this job market is continually being pushed downward by our jobs going to China, this will continue. No sales of big ticket items means no tax revenue for the state. So the state attempts to increase taxes. But fewer people are in CA to pay those higher taxes because residents of CA are continuing to LEAVE the state and the unemployed won't be paying much in the way of income tax. The Federal Judges are calling the shot on the CA prison system's medical department and have sole power to order INCREASED spending by the State. AND,,,,,,, one solution that has been offered by the state is to SPEND ONE BILLION dollars on a new prison starting in 2010. That is an additonal one billion that the State isn't admitting to (yet). 2010 will be a FULL year of continued recession with a possible extension right into 2011 ... no ... make that a PROBABLE extension right into 2011. The state has two choices. Cut prison costs... or cut social programs. They can't raise taxes enough to cover their debt..... even if the public allowed them to. And last year, the public said NO to four ballot propositions that the State begged for. I see accuracy in most of what you say.

No jobs means no purchasing of big ticket items (even cars). And since this job market is continually being pushed downward by our jobs going to China, this will continue.

No sales of big ticket items means no tax revenue for the state. So the state attempts to increase taxes. But fewer people are in CA to pay those higher taxes because residents of CA are continuing to LEAVE the state and the unemployed won’t be paying much in the way of income tax.

The Federal Judges are calling the shot on the CA prison system’s medical department and have sole power to order INCREASED spending by the State. AND,,,,,,, one solution that has been offered by the state is to SPEND ONE BILLION dollars on a new prison starting in 2010. That is an additonal one billion that the State isn’t admitting to (yet).

2010 will be a FULL year of continued recession with a possible extension right into 2011 … no … make that a PROBABLE extension right into 2011.

The state has two choices. Cut prison costs… or cut social programs. They can’t raise taxes enough to cover their debt….. even if the public allowed them to. And last year, the public said NO to four ballot propositions that the State begged for.

]]> By: The Fool http://www.doctorhousingbubble.com/2010-economic-forecast-for-california-what-10-reasons-will-keep-a-lid-on-the-housing-and-economic-recovery-for-california/#comment-43690 The Fool Thu, 31 Dec 2009 00:59:03 +0000 http://www.doctorhousingbubble.com/?p=2781#comment-43690 hlowe - You idiot. hlowe -
You idiot.

]]> By: Swiller http://www.doctorhousingbubble.com/2010-economic-forecast-for-california-what-10-reasons-will-keep-a-lid-on-the-housing-and-economic-recovery-for-california/#comment-43257 Swiller Tue, 15 Dec 2009 16:28:39 +0000 http://www.doctorhousingbubble.com/?p=2781#comment-43257 I actually think Hlowe is right. The system is so corrupt it is allowing the banksters to hold properties back. It's been holding so long now, I think they built a financial Hoover Dam to hold the flood back. The sad fact is, the U.S. government and the FED CAN hold the prices artificially high by simply not releasing homes onto the market, and by subsidizing the losses on the EMPTY homes. I wonder how bad it will get before people take to the streets. My guess is about 2 years. Look for martial law in the future, we already live in a perpetual police state. I actually think Hlowe is right. The system is so corrupt it is allowing the banksters to hold properties back. It’s been holding so long now, I think they built a financial Hoover Dam to hold the flood back. The sad fact is, the U.S. government and the FED CAN hold the prices artificially high by simply not releasing homes onto the market, and by subsidizing the losses on the EMPTY homes.
I wonder how bad it will get before people take to the streets. My guess is about 2 years. Look for martial law in the future, we already live in a perpetual police state.

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