Comments on: California Housing Inequality: Top 4 and Bottom 4 Zip Codes in Los Angeles California. Foreclosures and Zip Codes do Matter.

By: stillrenting

stillrenting — Fri, 29 Aug 2008 16:02:52 +0000

Dr.HB,
If a person falls off a 100 story building they will pass the 73rd floor before they pass the 50th floor. I know that’s what you really meant to say.

By: X

Fri, 29 Aug 2008 13:10:05 +0000

I was tuned to cnbc when the case-shiller data came out and they started spinning away. It was breathtaking. They brought on at least 4 different people to tell us how we’ve now reached bottom since prices didn’t decline as rapidly as expected. Amazing. I can’t wait till we get a month where prices drop faster than expected. Then I’m sure they’ll tell us that such a rapid drop is a sure sign of a bottom. The spin has reallly helped keep the delusional rally going in the stock market though. Quick, buy, buy, buy; after all prices aren’t falling as fast as expected (which seems a dubious claim itself given DHB’s data), and you might miss your opportunity.

By: x-man

x-man — Thu, 28 Aug 2008 20:40:28 +0000

the reason for the increases in the four top zips:

the 10 million dollar houses are still selling, but not the 2 million ones

so median increases only in areas where there are 10 million dollar houses

By: SEAN

SEAN — Thu, 28 Aug 2008 20:37:06 +0000

There’s only one person who can stop the feds & FDIC’s wizardry, unfortunitly he was created by J KRalling.

We are royally screwed.

By: wemogil

wemogil — Thu, 28 Aug 2008 19:11:36 +0000

Dr. H…are you supporting the theory that there ARE high end areas that will be immune to the bubble–albeit very small ones–or do you feel that the reaction in merely delayed there? Is there any evidence to suggest the top 8 zips and areas like the south beach cities are going to implode too?