Comments on: Don’t Catch a Falling Guillotine: Housing Free Falling in Southern California. A Deep Look at the Numbers. http://www.doctorhousingbubble.com/dont-catch-a-falling-guillotine-housing-free-falling-in-southern-california-a-deep-look-at-the-numbers/ How I Learned to Love Southern California and Forget the Housing Bubble Mon, 12 May 2008 04:54:58 +0000 http://wordpress.org/?v=2.2.2 By: rick http://www.doctorhousingbubble.com/dont-catch-a-falling-guillotine-housing-free-falling-in-southern-california-a-deep-look-at-the-numbers/#comment-9514 rick Sat, 15 Mar 2008 16:12:28 +0000 http://www.doctorhousingbubble.com/dont-catch-a-falling-guillotine-housing-free-falling-in-southern-california-a-deep-look-at-the-numbers/#comment-9514 Those who have just been foreclosed on will not be able to afford $2000+ unless they did not even try to fight and just walk away. If they do their life has turned upside down, and I kind of doubt they are ready to spend much with their savings gone and their CC loaded. Also if I were a landlord I would be stupid not to demand a lot of deposit from these people, I think many of them on the higher end simply avoid FBs. So many stories of FBs just walk away or rip everything out of the house or fight silly battles with lenders, several thousand dollars are not going to cover the very likely hazzle. Those who have just been foreclosed on will not be able to afford $2000+ unless they did not even try to fight and just walk away. If they do their life has turned upside down, and I kind of doubt they are ready to spend much with their savings gone and their CC loaded.

Also if I were a landlord I would be stupid not to demand a lot of deposit from these people, I think many of them on the higher end simply avoid FBs. So many stories of FBs just walk away or rip everything out of the house or fight silly battles with lenders, several thousand dollars are not going to cover the very likely hazzle.

]]> By: Andy http://www.doctorhousingbubble.com/dont-catch-a-falling-guillotine-housing-free-falling-in-southern-california-a-deep-look-at-the-numbers/#comment-9508 Andy Sat, 15 Mar 2008 08:13:45 +0000 http://www.doctorhousingbubble.com/dont-catch-a-falling-guillotine-housing-free-falling-in-southern-california-a-deep-look-at-the-numbers/#comment-9508 Rents-I think people who tried to flip could not sell. Now they have decided to rent out their "flips gone bad". "I'll rent it out till it goes up again" theory is not working (how long can you cover that monthly negative?) . Their not paying the mortgage and still collecting rents. Now they're bank owned and banks are not in the business of renting out houses. Rents-I think people who tried to flip could not sell. Now they have decided to rent out their “flips gone bad”. “I’ll rent it out till it goes up again” theory is not working (how long can you cover that monthly negative?) . Their not paying the mortgage and still collecting rents. Now they’re bank owned and banks are not in the business of renting out houses.

]]> By: Genius http://www.doctorhousingbubble.com/dont-catch-a-falling-guillotine-housing-free-falling-in-southern-california-a-deep-look-at-the-numbers/#comment-9507 Genius Sat, 15 Mar 2008 07:37:26 +0000 http://www.doctorhousingbubble.com/dont-catch-a-falling-guillotine-housing-free-falling-in-southern-california-a-deep-look-at-the-numbers/#comment-9507 Rents typically fall in times of contraction. I expect to renegotiate for lower rent sometime by the end of the year. Or just move somewhere better for less... FWIW, most of the listings I see on craigslist are overpriced compared with the listings I see on westsiderentals.com. Rents typically fall in times of contraction. I expect to renegotiate for lower rent sometime by the end of the year. Or just move somewhere better for less…

FWIW, most of the listings I see on craigslist are overpriced compared with the listings I see on westsiderentals.com.

]]> By: Li http://www.doctorhousingbubble.com/dont-catch-a-falling-guillotine-housing-free-falling-in-southern-california-a-deep-look-at-the-numbers/#comment-9502 Li Sat, 15 Mar 2008 01:42:38 +0000 http://www.doctorhousingbubble.com/dont-catch-a-falling-guillotine-housing-free-falling-in-southern-california-a-deep-look-at-the-numbers/#comment-9502 My guess is that landlords are going to ask for bigger deposits for renters with poor credit, but the flood of unsold houses and condos on the market is going to keep rents low, My guess is that landlords are going to ask for bigger deposits for renters with poor credit, but the flood of unsold houses and condos on the market is going to keep rents low,

]]> By: Anon http://www.doctorhousingbubble.com/dont-catch-a-falling-guillotine-housing-free-falling-in-southern-california-a-deep-look-at-the-numbers/#comment-9501 Anon Sat, 15 Mar 2008 01:04:06 +0000 http://www.doctorhousingbubble.com/dont-catch-a-falling-guillotine-housing-free-falling-in-southern-california-a-deep-look-at-the-numbers/#comment-9501 Thanks for the responses re rents: I am in San Diego and just read today in the paper that rents have actually been going up more than usual and are expected to continue on that trend...I had actually predicted they'd go down - but maybe this is the "spike" before later downward pressure on rents? I check Craigslist a lot to see what's out there in the rental market and it does seem that there are a lot more single-family detached homes for rent than there were this time last year. That's obviously far from scientific. I rent and was saving to buy but now...I plan to rent for the foreseeable future. Only problem is that I would like to rent a better place, and I don't know if I should do it now or wait. And honestly, sometimes I just wonder if the whole economy is going to implode in which case I should consider moving to Europe! Thanks for the responses re rents: I am in San Diego and just read today in the paper that rents have actually been going up more than usual and are expected to continue on that trend…I had actually predicted they’d go down - but maybe this is the “spike” before later downward pressure on rents? I check Craigslist a lot to see what’s out there in the rental market and it does seem that there are a lot more single-family detached homes for rent than there were this time last year. That’s obviously far from scientific.

I rent and was saving to buy but now…I plan to rent for the foreseeable future. Only problem is that I would like to rent a better place, and I don’t know if I should do it now or wait. And honestly, sometimes I just wonder if the whole economy is going to implode in which case I should consider moving to Europe!

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