Comments on: California Economy and Housing in Depth: SoCal Homes Sales up But Significantly Down from Peak. W-2 Earners Expect a Smaller Paycheck. And Unemployment Insurance looking at a $23 Billion Deficit by 2011. http://www.doctorhousingbubble.com/california-economy-and-housing-in-depth-socal-homes-sales-up-but-significantly-down-from-peak-w-2-earners-expect-a-smaller-paycheck-and-unemployment-insurance-looking-at-a-23-billion-deficit-by/ How I Learned to Love Southern California and Forget the Housing Bubble Fri, 19 Mar 2010 00:04:50 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: martin http://www.doctorhousingbubble.com/california-economy-and-housing-in-depth-socal-homes-sales-up-but-significantly-down-from-peak-w-2-earners-expect-a-smaller-paycheck-and-unemployment-insurance-looking-at-a-23-billion-deficit-by/comment-page-1/#comment-41764 martin Fri, 06 Nov 2009 21:50:16 +0000 http://www.doctorhousingbubble.com/?p=2614#comment-41764 BZ What?!! I can't believe any bank would be paying such "high" rates. In fact, according to the City Bank of Texas, the most you can hope for is 1%. BZ

What?!!

I can’t believe any bank would be paying such “high” rates. In fact, according to the City Bank of Texas, the most you can hope for is 1%.

]]> By: BZ http://www.doctorhousingbubble.com/california-economy-and-housing-in-depth-socal-homes-sales-up-but-significantly-down-from-peak-w-2-earners-expect-a-smaller-paycheck-and-unemployment-insurance-looking-at-a-23-billion-deficit-by/comment-page-1/#comment-41746 BZ Fri, 06 Nov 2009 06:06:03 +0000 http://www.doctorhousingbubble.com/?p=2614#comment-41746 WWang, my advice is to park your money in a high interest bearing checking account at 2.6-3.5%. Check out City Bank of Texas in Lubbock (3.56%) and City Bank of Taylor Texas (2.65%). Both FDIC-insured and 3 and 5 star CAEL ratings so they are pretty safe. I might also take some money and buy foreign currency CDs/ETFs (I like countries that have natural resources and have positive balances of trade; Brazil, Norway, Australia, and Canada are 4). You can buy these at Everbank or Wisdom Tree. This serves as a hedge against the devaluation of the dollar in case things turn ugly. I would also rent, especially if you are in SoCal along the coast. The downturn never really hit us that hard, so prices are still way too high. If you can hold out 1-2 yrs, you will get more house for your buck (or real, krone, franc, etc) WWang, my advice is to park your money in a high interest bearing checking account at 2.6-3.5%. Check out City Bank of Texas in Lubbock (3.56%) and City Bank of Taylor Texas (2.65%). Both FDIC-insured and 3 and 5 star CAEL ratings so they are pretty safe. I might also take some money and buy foreign currency CDs/ETFs (I like countries that have natural resources and have positive balances of trade; Brazil, Norway, Australia, and Canada are 4). You can buy these at Everbank or Wisdom Tree. This serves as a hedge against the devaluation of the dollar in case things turn ugly. I would also rent, especially if you are in SoCal along the coast. The downturn never really hit us that hard, so prices are still way too high. If you can hold out 1-2 yrs, you will get more house for your buck (or real, krone, franc, etc)

]]> By: When http://www.doctorhousingbubble.com/california-economy-and-housing-in-depth-socal-homes-sales-up-but-significantly-down-from-peak-w-2-earners-expect-a-smaller-paycheck-and-unemployment-insurance-looking-at-a-23-billion-deficit-by/comment-page-1/#comment-41723 When Fri, 06 Nov 2009 04:28:48 +0000 http://www.doctorhousingbubble.com/?p=2614#comment-41723 housing prices will remain high in w la, the fed is screwing over the responsible ppl in order to subsidize fucking assholes. yes i am bitter and pissed off that I can't buy a starter home when I make 150k housing prices will remain high in w la,

the fed is screwing over the responsible ppl in order to subsidize fucking assholes.

yes i am bitter and pissed off that I can’t buy a starter home when I make 150k

]]> By: BK http://www.doctorhousingbubble.com/california-economy-and-housing-in-depth-socal-homes-sales-up-but-significantly-down-from-peak-w-2-earners-expect-a-smaller-paycheck-and-unemployment-insurance-looking-at-a-23-billion-deficit-by/comment-page-1/#comment-41720 BK Fri, 06 Nov 2009 02:41:01 +0000 http://www.doctorhousingbubble.com/?p=2614#comment-41720 Dr., These two news stories regarding Fannie Mae were posted on Yahoo within "ONE" hour of each other... http://news.yahoo.com/s/ap/20091105/ap_on_bi_ge/us_foreclosures_rentals_5 http://news.yahoo.com/s/ap/20091106/ap_on_bi_ge/us_earns_fannie_mae_5 IT SEEMS, THEY GET DUMBER AND DUMBER BY THE DAY!!! Dr.,

These two news stories regarding Fannie Mae were posted on Yahoo within “ONE” hour of each other…

http://news.yahoo.com/s/ap/20091105/ap_on_bi_ge/us_foreclosures_rentals_5

http://news.yahoo.com/s/ap/20091106/ap_on_bi_ge/us_earns_fannie_mae_5

IT SEEMS, THEY GET DUMBER AND DUMBER BY THE DAY!!!

]]> By: BoyWonder http://www.doctorhousingbubble.com/california-economy-and-housing-in-depth-socal-homes-sales-up-but-significantly-down-from-peak-w-2-earners-expect-a-smaller-paycheck-and-unemployment-insurance-looking-at-a-23-billion-deficit-by/comment-page-1/#comment-41718 BoyWonder Thu, 05 Nov 2009 23:37:08 +0000 http://www.doctorhousingbubble.com/?p=2614#comment-41718 The thing that truly amazes me lately is realizing how far we have got to go in the jobs (or careers) market. I continue to encounter the refugees from the faux-economy. The realtors salivating at the idea of being able to get back in the game. The mortgage brokers. The home stagers. The furniture sales people who title themselves "Interior decorators". Pet sitters. Mobile pet groomers. Life coaches. The girl-friday types who call themselves "accountants" for the local builder. And on n on. I am almost shocked if I meet someone who is engaged in a productive, goods producing activity. The thing that truly amazes me lately is realizing how far we have got to go in the jobs (or careers) market.
I continue to encounter the refugees from the faux-economy. The realtors salivating at the idea of being able to get back in the game. The mortgage brokers. The home stagers. The furniture sales people who title themselves “Interior decorators”. Pet sitters. Mobile pet groomers. Life coaches. The girl-friday types who call themselves “accountants” for the local builder. And on n on. I am almost shocked if I meet someone who is engaged in a productive, goods producing activity.

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