Comments on: The California Tax Break Window – Combining California Tax Credit with Federal Credit for $18,000 in Tax Credits. Southern California Housing Update. Giving $200 Million in Home Buyer Tax Credits While the State has a $20 Billion Budget Gap.

By: Amy

Amy — Sun, 18 Apr 2010 22:23:34 +0000

“So, when my wife and I were ‘priced out forever’ renting a broken down mobile home (leaked severely when it rained), these folks were living in what we could have bought had our real dollars been able to match the manopoly money everyone else was bidding with.”

And now they’ve lost their home, taken a huge loss and that same kid will always wonder what went wrong. We’ve been renting too, but I don’t begrudge the people who were convinced they needed to buy now or be priced out forever as they’ve been screwed too. Those who didn’t buy in the frenzy of the bubble are few and far between and received lots of ridicule for not buying the hype that most everyone else did.

If you are trying to insinuate that parents who let their kids smudge the walls or write on the walls are somehow “bad” I hope you don’t have any kids because they all have dirty hands and tend to write on the wall from time to time. A sponge and warm water can fix that. It really isn’t the end of the world.

You are the winner in this scenario, do you really need to look down on people when they are down and out?

By: Doug N

Doug N — Sun, 18 Apr 2010 08:19:53 +0000

Gael said,

“If you are trying to insinuate that parents who let their kids smudge the walls or write on the walls are somehow “bad” I hope you don’t have any kids because they all have dirty hands and tend to write on the wall from time to time. A sponge and warm water can fix that. It really isn’t the end of the world.”

—

Greg said,

“One of their kids was learning to write his name on the walls of his room, practicing the same letter.
His full name appeared several times higher up on the wall in the hallway and indeed, nearly every square inch of wall in the entire house below 4 feet was smudged.”

Something does not compute.

…and it’s not Greg!

By: Observer

Observer — Sat, 17 Apr 2010 18:44:02 +0000

@Greg
As a realtor, one reason why I see the median price going up, atleast over here in Orange County Ca has to with investors purchasing *entry* SFR homes at roughly 2002 prices, fixing them up, and quickly putting them on the market where they are selling at 2003 prices, because the demand is there. That is enough to push up the median price. And the reason why the demand is there is because with all the hundreds of short-sales in and around the area (The investors home shows 10x better than the short-sale house, and there’s no waiting to buy the home!) plus you have ariticial low interest rates, banks not foreclosing on borrowers who should be out, loan mods , and buyers putting little skin in the game via fha loans and that right there are your main factors why you’re seeing the prices going up. It’s a bubble until interest rates go up and more distressed properties continue to drag on the market. All this during a never seen before 0% funds rate and a local unemployment rate at 10.1%. Man it’s going to get ugly.

By: gael

gael — Sat, 17 Apr 2010 17:51:47 +0000

You are the winner in this scenario, do you really need to look down on people when they are down and out?

By: compass rose

compass rose — Sat, 17 Apr 2010 16:26:40 +0000

Here in the Cascadian drip zone the local “news” “paper” had headlines of how wonderful it is that housing sales and sale prices were up last month from last year.
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The RealTorz have this heaving, gulpling quality these days. Like beauty queen contestants.
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Meantime, the local bombed giant acreage of old growth forest–which originally was laser-leveled by DR Horton, and advertising houses coming “starting in the mid-300s”–is now slowly putting up crapshacks…”starting at $189,000.” That mudlot has sat there for years.
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Meanwhile the county and state are falling all over themselves to widen roads to Improve Congestion.
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Bring on the doom. People won’t learn any other way.
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sigh
rose
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PS–Yah, they’re also honking about the median being up. In swarm the flies, and you can’t tell whether it’s because of the horse shit or Beelzebub.