Comments on: California 2009 Economic and Housing Forecast: Examining 5 Areas Showing California will have a Tougher Economic Year than 2008.

By: Larissa Rubijevsky

Larissa Rubijevsky — Fri, 29 Jan 2010 18:49:02 +0000

Val, I know that if you wait and continue to look, you will find a house that suites your needs. I live in the Rancho Palos Verdes area and I have noticed that the housing prices are still dropping. So if you are patient, you will find what you are looking for.

By: val

val — Thu, 10 Sep 2009 15:29:29 +0000

I want to buy in Huntington Beach or Fountain Valley, but prices still seem too high compared to other locations. I do understand coastal living is higher. I had a home in FV which we paid 260 for in ‘92, but sold in 2000 for 360. I want to get back, but prices are still in the 600K. Even REOs & foreclosures are in mid to high 500K. Does anyone think the prices will drop more? How long should i wait before buying?

By: Alexander Dombroff

Alexander Dombroff — Wed, 25 Feb 2009 21:37:44 +0000

I was hoping Obama speculation would pull us out of a stock market slump, but with his approval rating below 60%, I don’t think that will happen soon.

By: latesummer2009

latesummer2009 — Wed, 07 Jan 2009 06:12:45 +0000

DrHB, Great post as always. How much more bad news can there be? I have decided to open a new blog, for Santa Monicans who think their area is different. It includes the area North of Montana Avenue and is called “The 90402″ . Lot values have started to drop in this exclusive zip code also. But, of course “Our area is different”. I guess we will see, won’t we.

You can check it out at:
http://www.santamonicameltdownthe90402.blogspot.com

By: Invesotr

Invesotr — Wed, 07 Jan 2009 06:10:42 +0000

First off let me say I truly respect all your work here on, I love your insights. I have been negative on real estate since 2005 but I am now turning that coner. Do you realize you can buy properties in California less than ten minutes from San Francisco, CA that cash flow with as little as 10% down on a 30 yr fix. you can buy condos in the East Bay for less than 100,000 that were selling at 300,000 at the peak and 100,000 in the mid nineties. You can buy homes in Arizona single family that are cash flow cows, value that have dropped more than 60% I think if you are selective you can set yourself up very nice now for a huge return in 5 years. I think if you sit on the sidelines to much longer you will miss out. Obama will enact a plan mutual fund companies are allready buying huge amounts of foreclosed properties in the Central Valley 200-400 at a time for pennies on the dollar.

Don’t stay to negative for to long. I have been negative on housing sine 2005 but have turned the corner for 2009