Comments on: Financing the Cassandra Effect – People Choose to Ignore Economic Facts Contrary to Their Benefit. MLS in Southern California Going Up? Distress Inventory 3 Times the MLS Data. Big Salaries of Mortgage Brokers Gone. http://www.doctorhousingbubble.com/financing-the-cassandra-effect-%e2%80%93-people-choose-to-ignore-economic-facts-contrary-to-their-benefit-mls-in-southern-california-going-up-distress-inventory-3-times-the-mls-data-big-salaries/ How I Learned to Love Southern California and Forget the Housing Bubble Tue, 07 Sep 2010 21:04:59 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: Spencer http://www.doctorhousingbubble.com/financing-the-cassandra-effect-%e2%80%93-people-choose-to-ignore-economic-facts-contrary-to-their-benefit-mls-in-southern-california-going-up-distress-inventory-3-times-the-mls-data-big-salaries/#comment-46310 Spencer Sun, 28 Mar 2010 07:58:18 +0000 http://www.doctorhousingbubble.com/?p=3127#comment-46310 Bundee I understand your point I just return from a trip there 3 days ago. As much as you can learn in 3 days I tried. I understand the tax situation about 2 % of purchase price. There are no alligators where I am looking. Now the real issue when are we at the bottom. This is what caught my eye about this blog or discussion. Yes I went there to investigate a property. I came back with a feeling I am in looking in the right area. What I don't have a feel for is the economy. Normally people have pride in their area they may be going through tough times but they still have hope. I almost to the person didn't find this in South Florida where I was looking. Well the Real Estate brokers were the exception. Duh ! But every other person I met were so negative. Normally when everyone is negative its time to stake out a positive position. Could this be the time not only for Southern Fla but also Cali as well?? I have read here the reason why not, but where else can we go. People on this site think it can get worst? For Real ! People need shelter, food and clothing. Basics as long as our population is still growing these needs will not falter. I know Fla is perhaps overbuilt at the luxury end but the middle class and working class normally always needs a reasonable price housing in good areas " near shopping and the beach" in Fla. I know I could be premature in timing. Someone help me out with signals to look for when the time is right for such a move. What is the bottom what is a buy sign ?? Bundee I understand your point I just return from a trip there 3 days ago. As much as you can learn in 3 days I tried. I understand the tax situation about 2 % of purchase price. There are no alligators where I am looking. Now the real issue when are we at the bottom. This is what caught my eye about this blog or discussion. Yes I went there to investigate a property. I came back with a feeling I am in looking in the right area. What I don’t have a feel for is the economy. Normally people have pride in their area they may be going through tough times but they still have hope. I almost to the person didn’t find this in South Florida where I was looking. Well the Real Estate brokers were the exception. Duh ! But every other person I met were so negative. Normally when everyone is negative its time to stake out a positive position. Could this be the time not only for Southern Fla but also Cali as well?? I have read here the reason why not, but where else can we go. People on this site think it can get worst? For Real ! People need shelter, food and clothing. Basics as long as our population is still growing these needs will not falter. I know Fla is perhaps overbuilt at the luxury end but the middle class and working class normally always needs a reasonable price housing in good areas ” near shopping and the beach” in Fla. I know I could be premature in timing. Someone help me out with
signals to look for when the time is right for such a move. What is the bottom what is a buy sign ??

]]> By: Hater a.k.a. Dopes http://www.doctorhousingbubble.com/financing-the-cassandra-effect-%e2%80%93-people-choose-to-ignore-economic-facts-contrary-to-their-benefit-mls-in-southern-california-going-up-distress-inventory-3-times-the-mls-data-big-salaries/#comment-46275 Hater a.k.a. Dopes Sat, 27 Mar 2010 08:55:35 +0000 http://www.doctorhousingbubble.com/?p=3127#comment-46275 z-z-z-z-z-z-z-z-z-z-z . . . . sorry folks, this is getting very tired and lame. Nobody cares what is happening in California anymore . . . the money left and took the knife catchers' cash with them. Wake up Tools! California has been a banana republic since the 80's.. Hey Tools . . . my good buddy Tangelo is laughing all the way to the bank! I am sure some of the B of A bailout scratch got sent to him for all of his hard work at cuntrywide salami mortgage. TOOLS!!! DOLTS!!!! DOPES!!!! z-z-z-z-z-z-z-z-z-z-z . . . . sorry folks, this is getting very tired and lame. Nobody cares what is happening in California anymore . . . the money left and took the knife catchers’ cash with them. Wake up Tools! California has been a banana republic since the 80′s..

Hey Tools . . . my good buddy Tangelo is laughing all the way to the bank! I am sure some of the B of A bailout scratch got sent to him for all of his hard work at cuntrywide salami mortgage.

TOOLS!!!

DOLTS!!!!

DOPES!!!!

]]> By: mcts http://www.doctorhousingbubble.com/financing-the-cassandra-effect-%e2%80%93-people-choose-to-ignore-economic-facts-contrary-to-their-benefit-mls-in-southern-california-going-up-distress-inventory-3-times-the-mls-data-big-salaries/#comment-46182 mcts Mon, 22 Mar 2010 09:30:39 +0000 http://www.doctorhousingbubble.com/?p=3127#comment-46182 I am agreed with Doug N because its the common case of study that is demonstrated there i would add the Islamic banking concept there because if you are interested in it. Islamic banking provides that you are not supposed to pay a interest just pay the free and Bank would pay on your behalf if you are paying the installment regularly then you would become the owner of that house with out interest. I am agreed with Doug N because its the common case of study that is demonstrated there i would add the Islamic banking concept there because if you are interested in it. Islamic banking provides that you are not supposed to pay a interest just pay the free and Bank would pay on your behalf if you are paying the installment regularly then you would become the owner of that house with out interest.

]]> By: Bundee http://www.doctorhousingbubble.com/financing-the-cassandra-effect-%e2%80%93-people-choose-to-ignore-economic-facts-contrary-to-their-benefit-mls-in-southern-california-going-up-distress-inventory-3-times-the-mls-data-big-salaries/#comment-46177 Bundee Sun, 21 Mar 2010 04:04:54 +0000 http://www.doctorhousingbubble.com/?p=3127#comment-46177 Spencer, I hope what you posted is just some sort of a joke, because unlike those still drinking the NAR Kool-aide, now is NOT a good time to buy. Florida? You want to buy in Florida, the ground zero of the east coast of deflating housing bubble real estate? Do you know anything about the neighborhoods in Florida? Do you know which houses in Florida have mold, Chinese drywall, alligators living in the backyard (unlike New York sewers, alligators DO in fact live in back yards in a few neighborhoods of Florida. It gives a whole new meaning to the phrase “feeding the alligator.”) Dou you know about Florida real estate taxes, Florida taxes in general, the traffic, the crime, the hurricanes? Jumping into a market you know nothing about is much like jumping into an empty swimming pool that is ten feet deep, you are going to get hurt and you have no one to blame but yourself. Spencer,

I hope what you posted is just some sort of a joke, because unlike those still drinking the NAR Kool-aide, now is NOT a good time to buy.

Florida? You want to buy in Florida, the ground zero of the east coast of deflating housing bubble real estate?

Do you know anything about the neighborhoods in Florida? Do you know which houses in Florida have mold, Chinese drywall, alligators living in the backyard (unlike New York sewers, alligators DO in fact live in back yards in a few neighborhoods of Florida. It gives a whole new meaning to the phrase “feeding the alligator.”)
Dou you know about Florida real estate taxes, Florida taxes in general, the traffic, the crime, the hurricanes?

Jumping into a market you know nothing about is much like jumping into an empty swimming pool that is ten feet deep, you are going to get hurt and you have no one to blame but yourself.

]]> By: Spencer http://www.doctorhousingbubble.com/financing-the-cassandra-effect-%e2%80%93-people-choose-to-ignore-economic-facts-contrary-to-their-benefit-mls-in-southern-california-going-up-distress-inventory-3-times-the-mls-data-big-salaries/#comment-46165 Spencer Sat, 20 Mar 2010 01:29:39 +0000 http://www.doctorhousingbubble.com/?p=3127#comment-46165 Maybe I read this article in time. I 'm a NY real estate investor "small" I have done well because I purchased under valued rental properties prior to 2007 and improved properties and rentals. I am experiencing a marginal increase in vacancies which worries me. But I have room to be competitive which means paying brokers fees and God forbid lower rents on hard to lease unit. This isn't what I am concern with. I am going to Florida to look at investor properties there. Based upon what I am reading here I could be making a mistake. Prices in the NYC area aren't down significantly. The Florida market Broward county show advantageous returns. The prices and rents in this area are similar to return I achieved in the city without the renovation investment. So I am asking whether in opinion of is it to early or whether the economy in southern Florida makes any real estate investment there foolish. Maybe I read this article in time. I ‘m a NY real estate investor “small”
I have done well because I purchased under valued rental properties prior to 2007 and improved properties and rentals. I am experiencing a marginal increase in vacancies which worries me. But I have room to be competitive which means paying brokers fees and God forbid lower rents on hard to lease unit. This isn’t what I am concern with. I am going to Florida to look at investor properties there. Based upon what I am reading here I could be making a mistake. Prices in the NYC area aren’t down significantly. The Florida market Broward county show advantageous returns. The prices and rents in this area are similar to return I achieved in the city without the renovation investment. So I am asking whether in opinion of is it to early or whether the economy in southern Florida makes any real estate investment there foolish.

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