Comments on: Foreclosures in California: 121,000 Notice of Defaults and 63,000 Foreclosures. Home Values Plummeting on Record Breaking Quarter.

By: Dorothy Anderson

Dorothy Anderson — Tue, 05 Aug 2008 21:12:30 +0000

Perhaps we should all realise that when we ‘dream’ we eventually ‘wake up’. When the dot com bust hit and the bottom fell out of the stock market the “get rich quick group’ realised that the only people who had not lost their shirts at that time were people who had made sensible investment in real estate. So what did the ‘greedy’ get rich quick do? Decide to get into real estate for the fast buck and now they are finding that the bottom can fall out of that too. The sensible investors, those individuals who worked hard for a living, invested in property that required work and made sense, purchased stock at prices in line with reasonable return, are now apparently about to lose their shirts bailing out the reckless quick buck characters. What a wonderful world!

By: Richard

Richard — Thu, 24 Jul 2008 23:47:21 +0000

Just when I was beginning to warm to your blog ( Mr Mortgage) you come up with this BS:
by mr mortgage

You wrote eluded. It’s funny when dimwits try and use big words. The correct word is allude. Of course, this mistake is simply representative of your overall poor logic. That’s the problem with the Web. Any idiot can create a blog

Whether or not elude or allude is used, we don’t need a grammar nazi to obfusicate with minutae.

The above article is thoughtful and helpful in understanding the current economic situation and is consistant with other articles by the Dr.

Get over yourself, Mr Mortgage- you ain’t that great.

By: miner_tom

miner_tom — Thu, 24 Jul 2008 19:15:38 +0000

Hi,

Does anyone out there know if the “housing panic” blog is dead?? It has not been refreshed for over a week and I can not recall any time in the last two years when that has happened.

Thank You
Tom

By: gael

gael — Thu, 24 Jul 2008 18:47:49 +0000

I wouldn’t worry too much about typos. Blogs are no different than newspapers or Main Stream Media sources like AP and Reuters. The mistakes in grammar and spelling are so commonplace one learns to simply get by on understanding the intent. So relax dude.

I still keep looking at average income vs. price here in Los Angeles and home prices are still unrealistic for the average income. All these bailout plans and new laws cannot unfreeze the market unless that issue has been addressed. If the government really wants to prop up home prices or bail out banks they are going to have to come up with a plan to shower ‘consumers” (geez I hate that label) with money. Without additional money, everything else will eventually crumble won’t it?

By: Sujo

Sujo — Thu, 24 Jul 2008 17:53:31 +0000

median price of $328,000, down 31.5% from the peak price of $479,000.

I’ll buy in when the price of that house hit 79K.