Comments on: 5 reasons why California will face another lost decade in housing – 493,000 real estate agents and brokers for 219,000 homes listed on the MLS. 7 percent of 90+ day late loans in California have no foreclosure filed. State budget depended on real estate bubble jobs for revenues.

By: Ben Brown

Ben Brown — Thu, 01 Jul 2010 05:12:22 +0000

Almost a half million licensed agents? That is beyond amazing. The DRE should be disbanded.

By: Swiller

Swiller — Fri, 28 May 2010 13:53:16 +0000

I’m going to call severe bullshi1t on this post of yours Laura. YOU are part of the problem by not pulling your head out and looking at the problem from the top down. If you honestly think the hard working PEASANTS in this country were the ones responsible for this mess, I’ll lump you in with the other republicans who see no wrong in allowing the plutocracy of America to continue. Posts like yours only further enrage me to do the right thing for me and my family and not cling to propaganda that falls from ignorant mouths.

Blaming DG and people who lost thousands if not hundreds of thousands of dollars pisses me off. I would bet you are *NOT* one of the people actually financially hurting…..yea yea, we know, because your so smart and fiscally sound….that and you got LUCKY to time things well.

DG, live there for as long as possible and take every single thing you can sell LEGALLY (remember this is all LEGAL from your cronies LAURA elected!), just replace anything you take with something that is the absolute bottom shelf cheapest Chinese made CRAP, I recommend Wal-Mart, they have the worst garbage.

You see, when the law does what a single person wants…the law is good. When the law conflicts with their (Laura’s) personal morality and ethics, well then, you’re a piece of excrement if you don’t follow through on THEIR (Laura’s) ethics and morals.

Laura, I’m sure you would keep a company in business even though it was losing money right? Even though you would lose EVERYTHING, or even if you were working for 10 years to break even, you would keep going because you signed the obligation on the contracts for credit…right? Yea, I thought so, you would default and declare bankruptcy because that’s SOUND business ethics. Why the difference for your fellow man?

Another hypocrite….next hypocrite please.

By: Steve

Steve — Fri, 28 May 2010 03:46:51 +0000

@A&M good point. This is why I left my home to the bank because the government and banks are bailing out people who shouldn’t have been able to buy a home to begin with and because I can afford to pay a mortgage on a house that is worth half the price then people think I should? That’s a joke. I have several friends who bought homes they couldn’t afford with no money down. Then when they couldn’t pay they got reduced payments, one got 2% interest for the life of loan. She didn’t have the income when they gave her the house to begin with. Anyhow, my point is fortunately we live in a state that you can give the bank the house back and only end up with a bad credit score. Quite frankly I could careless because I have cash so I don’t need credit anyway. At this point I don’t ever want to own an home again. But I’m sure the bank will want my money again in 5 yrs and try to figure out a way to take it. lol too funnie..

By: LL

LL — Thu, 27 May 2010 16:38:45 +0000

By: A&M

A&M — Wed, 26 May 2010 19:23:31 +0000

You people a smokin crack if you think people who default on a home will have bad credit and high interest rates for 7 years or more….hahahha. The average time is 2 years and you can buy another home with reasonable interest rates. This is the problem people. There is just no punishments for anyone any more. Put on your seatbelts life is headed down a bumpy road. SAVE your money!