Comments on: California Housing: 1 out of every 192 Homes in Trouble. Top Ranking State in the United States. http://www.doctorhousingbubble.com/california-housing-1-out-of-every-192-homes-in-trouble-top-ranking-state-in-the-united-states/ How I Learned to Love Southern California and Forget the Housing Bubble Tue, 06 Jan 2009 20:26:12 +0000 http://wordpress.org/?v=2.2.2 By: Stellathomas http://www.doctorhousingbubble.com/california-housing-1-out-of-every-192-homes-in-trouble-top-ranking-state-in-the-united-states/#comment-22886 Stellathomas Tue, 26 Aug 2008 11:14:45 +0000 http://www.doctorhousingbubble.com/california-housing-1-out-of-every-192-homes-in-trouble-top-ranking-state-in-the-united-states/#comment-22886 Mr. Leamer disputes assertions that there is a housing shortage in California. He says his studies indicate that the housing problem is really income inequality. "We have workers who are essential to the economic well-being of the state who can hardly afford to live in decent dwellings, not to mention a pleasant little bungalow within an hour's drive of work. San Jose's solution to this problem has been to have its low-paid ($100,000 a year or less) service workers live in far away inland communities and commute long distances every day to work," he says. "That worked when San Jose businesses could afford to pay premium wages to compensate their workers well enough that they would be willing to live this way. But this solution may not work for California as a whole, since we may price our work force out of the competition with other states." -------------------------- Stellathomas <a href="http://www.alcoholaddiction.org/california" rel="nofollow">California Alcohol Addiction Treatment</a> Mr. Leamer disputes assertions that there is a housing shortage in California. He says his studies indicate that the housing problem is really income inequality. “We have workers who are essential to the economic well-being of the state who can hardly afford to live in decent dwellings, not to mention a pleasant little bungalow within an hour’s drive of work. San Jose’s solution to this problem has been to have its low-paid ($100,000 a year or less) service workers live in far away inland communities and commute long distances every day to work,” he says. “That worked when San Jose businesses could afford to pay premium wages to compensate their workers well enough that they would be willing to live this way. But this solution may not work for California as a whole, since we may price our work force out of the competition with other states.”
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Stellathomas

California Alcohol Addiction Treatment

]]> By: Johnny 5 http://www.doctorhousingbubble.com/california-housing-1-out-of-every-192-homes-in-trouble-top-ranking-state-in-the-united-states/#comment-19920 Johnny 5 Sun, 13 Jul 2008 17:59:41 +0000 http://www.doctorhousingbubble.com/california-housing-1-out-of-every-192-homes-in-trouble-top-ranking-state-in-the-united-states/#comment-19920 ** Trash The House Party Update ** I spoke last evening with a friend, Jim, who attended. He had brought his kid's softball bat with him in order to participate. In short, nothing happened. Eighteen people showed up. Most didn't bring any tools with them. When asked why, they said they were just there to offer moral support to the couple losing the home. Everyone sat around on the floor and complained about what is going on in this country and the world. The mattress and few other items were loaded up around midnight. Folks helped shut off the water at the meter, gas at the meter, and electrical at the main. Every door and window in the place were left open as people departed. Jim said he just felt sick as he drove away. He had a very hollow feeling that he couldn't fill. As to what happened to this couple, they were newly weds two years ago when the market was at its zenith. Both were employed and had good jobs. Everyone kept telling them to get a 30 year fixed, but the builder and the loan agent talked them into getting one of these zero down loans. They were told that they could use the "extra" money they had every month to landscape (pool) and buy new cars. They could then refinance, and then roll all of their debt into a mortgage payment. And it would be "tax deductable, too". They took the bait, and this is what happened. They feel betrayed by the people who were "helping" them. They're "professionals", right? They're "licensed", right? Why shouldn't we listen to them? ** Trash The House Party Update **

I spoke last evening with a friend, Jim, who attended. He had brought his kid’s softball bat with him in order to participate.

In short, nothing happened. Eighteen people showed up. Most didn’t bring any tools with them. When asked why, they said they were just there to offer moral support to the couple losing the home.

Everyone sat around on the floor and complained about what is going on in this country and the world.

The mattress and few other items were loaded up around midnight. Folks helped shut off the water at the meter, gas at the meter, and electrical at the main.

Every door and window in the place were left open as people departed.

Jim said he just felt sick as he drove away. He had a very hollow feeling that he couldn’t fill.

As to what happened to this couple, they were newly weds two years ago when the market was at its zenith. Both were employed and had good jobs. Everyone kept telling them to get a 30 year fixed, but the builder and the loan agent talked them into getting one of these zero down loans. They were told that they could use the “extra” money they had every month to landscape (pool) and buy new cars. They could then refinance, and then roll all of their debt into a mortgage payment. And it would be “tax deductable, too”.

They took the bait, and this is what happened. They feel betrayed by the people who were “helping” them. They’re “professionals”, right? They’re “licensed”, right? Why shouldn’t we listen to them?

]]> By: lloyd kirkpatrick http://www.doctorhousingbubble.com/california-housing-1-out-of-every-192-homes-in-trouble-top-ranking-state-in-the-united-states/#comment-19912 lloyd kirkpatrick Sun, 13 Jul 2008 15:16:25 +0000 http://www.doctorhousingbubble.com/california-housing-1-out-of-every-192-homes-in-trouble-top-ranking-state-in-the-united-states/#comment-19912 Facts are great.The only problem is,truth is what ever you WANT to believe.Or are conditioned by others to believe.Black's Law Dictionary says facts are not truths. When your world crashes around you because of your decisions(based partly on what you were told to believe)what do you do?Have a "Trash your House"party?What is next?Trash your SUV ? It will hurt to disconnect yourself fro the Matrix. Facts are great.The only problem is,truth is what ever you WANT to believe.Or are conditioned by others to believe.Black’s Law Dictionary says facts are not truths.
When your world crashes around you because of your decisions(based partly on what you were told to believe)what do you do?Have a “Trash your House”party?What is next?Trash your SUV ?
It will hurt to disconnect yourself fro the Matrix.

]]> By: Scott http://www.doctorhousingbubble.com/california-housing-1-out-of-every-192-homes-in-trouble-top-ranking-state-in-the-united-states/#comment-19893 Scott Sun, 13 Jul 2008 11:54:33 +0000 http://www.doctorhousingbubble.com/california-housing-1-out-of-every-192-homes-in-trouble-top-ranking-state-in-the-united-states/#comment-19893 I went to a foreclosed house yesterday. It was in a very nice neighborhood with the backyard adjacent to a golf course. Neighbor is thinking of buying it but the home has some 'issues' so he invited me to come take a look. While it wasn't trashed in the Johnny5 'house party' sense the former 'owner' removed fixtures to include chandeliers, appliances even the jacuzzi bath! As this house isn't but a couple of years old I seriously doubt these were items purchased by the former owner. One would think the lender would initiate criminal and civil proceedings against such debtors. A few well publicized arrests of and judgements against people looting or trashing their former house might deter others. I went to a foreclosed house yesterday. It was in a very nice neighborhood with the backyard adjacent to a golf course. Neighbor is thinking of buying it but the home has some ‘issues’ so he invited me to come take a look. While it wasn’t trashed in the Johnny5 ‘house party’ sense the former ‘owner’ removed fixtures to include chandeliers, appliances even the jacuzzi bath! As this house isn’t but a couple of years old I seriously doubt these were items purchased by the former owner. One would think the lender would initiate criminal and civil proceedings against such debtors. A few well publicized arrests of and judgements against people looting or trashing their former house might deter others.

]]> By: South Bay Hombre http://www.doctorhousingbubble.com/california-housing-1-out-of-every-192-homes-in-trouble-top-ranking-state-in-the-united-states/#comment-19882 South Bay Hombre Sun, 13 Jul 2008 06:09:26 +0000 http://www.doctorhousingbubble.com/california-housing-1-out-of-every-192-homes-in-trouble-top-ranking-state-in-the-united-states/#comment-19882 Well said, Johnny 5. Privatize the gains, and socialize the losses. Each party blaming the other for the fiscal irresponsibility that both parties are responsible for. Label anyone that is for legal immigration but against illegal immigration a racist. My head is spinning........ Any word on the "Trash the house party"? It sounds like they overextended themselves on a home they couldn't afford, so now are being foreclosed upon, so will trash the house in protest? I wonder if they lied on their mortgage application................... Well said, Johnny 5.

Privatize the gains, and socialize the losses.

Each party blaming the other for the fiscal irresponsibility that both parties are responsible for.

Label anyone that is for legal immigration but against illegal immigration a racist.

My head is spinning……..

Any word on the “Trash the house party”? It sounds like they overextended themselves on a home they couldn’t afford, so now are being foreclosed upon, so will trash the house in protest? I wonder if they lied on their mortgage application……………….

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