Comments on: Five Financial Trends Keeping California Home Prices Depressed – Rising MLS Inventory, Falling Rents, Lack of Good Paying Jobs, FHA Defaults Rising, and No Mortgage Payment.

By: Mike

Mike — Wed, 23 Jun 2010 06:45:50 +0000

Da-Di-Da: your comments are pretty ignorant. If you think that a race of people are keeping housing inflated, you need to go read a book and learn something. You are clearly interested in housing in Torrance area and placing blame on people because you probably cant afford it. The prices in Torrance remain high, just like all other desirable locations in southern california because it is exactly that… they are in desirable areas. Oh btw, Irvine has a higher Asian population than Torrance… so your arguments do not really hold true.
If you really want to blame anyone, blame the government who continue to help keep prices inflated with our tax dollars, instead of letting the market correct itself.

By: Kid Charlemagne

Kid Charlemagne — Wed, 31 Mar 2010 01:21:11 +0000

Financial Armegedden? 2012-2014: Housing crisis debt, M&A, US Gov, Junk, all coming due in three years. If this debt doesn’t rollover, everything in the world will. This can’t go on forever, and 2012 is just 21 months away.
http://www.nytimes.com/2010/03/16/business/16debt.html?pagewanted=2&ref=business

By: Kid Charlemagne

Kid Charlemagne — Wed, 31 Mar 2010 00:36:28 +0000

I read a lengthy but provacative piece last week explaining why this is not a recession so much as a decline that returns to historic norms. The last 40 years have been the mother of all asset bubbles (starting with reneging on the Bretton Woods agreement and the whole world going 100% fiat) and that we are merely going back to the long-term normal, only the PPT is trying to keep the party going. Without inside information to know which area of the economy the gov will let slip, there is no sense in betting strongly on anything.
That being said, everyone knows construction folks that are out of work or slow the last two years. If things are golden again, they will be working steady. You need paychecks to buy groceries and pay mortgages. Feed a starving man gov’t statistics and tomorrow you’ll have a dead man.

By: da-di-da

da-di-da — Tue, 30 Mar 2010 16:59:49 +0000

L check http://www.housingtracker.net/asking-prices/los-angeles-california/ before you throw the towel. You should know that inventory in LA is up 24% for a month and median asking price is 5% down, when economy is stabilized but only on a lower level, commercial property catastrophe is unfolding and still in the future (come see how scary is del Amo Mall parking lot. ha-ha-ha), gov incentives are ending (and the market is get insensitive to it) , the first horde of knife – catchers is learning a lesson called “back of a napkin buy vs. rent estimate”…. This is clearly different trend that you describe. No seasonality can explain this because in Vegas or Phoenix or Florida there is no such trend visible at this moment. It looks like they have taken their punches. I think this time will be different for California alone… ha-ha-ha. Besides this when it is really over there is no sense of emergency anymore. That is the way it ends every time. With the biding wars going right know it is clearly to me a dead cat bounce, same as 1993 before the prices start the decline for 3 more years in LA and then comes 1996 , the true bottom…where “investment in RE” will be dumb idea for a while , people will value higher there freedom renting, and generally there will be no emergency buying…

By: da-di-da

da-di-da — Tue, 30 Mar 2010 16:04:54 +0000

Guys, Johny and wow you smart pants, I invite you to invest in Torrance. Get the real feeling. Get into the RE race with assians and let me know when you build equity… in 5 years in 10 years…. here is not a place for political corectness so assians are money stupid. Got it? Ha-ha-ha!