Comments on: Housing Bloggers Unite: The Housing Blogger Network (HBN) has Started. http://www.doctorhousingbubble.com/housing-bloggers-unite-the-housing-blogger-network-hbn-has-started/ How I Learned to Love Southern California and Forget the Housing Bubble Thu, 18 Mar 2010 19:12:30 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Ken http://www.doctorhousingbubble.com/housing-bloggers-unite-the-housing-blogger-network-hbn-has-started/comment-page-1/#comment-26400 Ken Sat, 01 Nov 2008 00:47:04 +0000 http://www.doctorhousingbubble.com/?p=56#comment-26400 Finally I have found a group that echoes my exact sentiments about the housing crisis. I have been telling hedge funds for years that the bottom is far out there, and that the key elements are inventory and price to earnings multiples. BTW, I sold my 1350 sf house in LA in July of '05 for more than $1M, as I suspected this would happen. Moved to Bend, Oregon, the most beautiful city on the planet. Years ago, the rule of thumb was 1-3 times earnings as the price you could AFFORD for a house, leaving you with other $$ to enjoy life. This was also in a time when taxes ate up only about 15% of income. eE have slid far down the slippery slope, and it doesn't appear that incomes are going to go up a whole lot in the next few years, so prices have to come way down. Finally I have found a group that echoes my exact sentiments about the housing crisis. I have been telling hedge funds for years that the bottom is far out there, and that the key elements are inventory and price to earnings multiples. BTW, I sold my 1350 sf house in LA in July of ‘05 for more than $1M, as I suspected this would happen. Moved to Bend, Oregon, the most beautiful city on the planet. Years ago, the rule of thumb was 1-3 times earnings as the price you could AFFORD for a house, leaving you with other $$ to enjoy life. This was also in a time when taxes ate up only about 15% of income. eE have slid far down the slippery slope, and it doesn’t appear that incomes are going to go up a whole lot in the next few years, so prices have to come way down.

]]> By: Kush http://www.doctorhousingbubble.com/housing-bloggers-unite-the-housing-blogger-network-hbn-has-started/comment-page-1/#comment-25400 Kush Fri, 03 Oct 2008 11:19:28 +0000 http://www.doctorhousingbubble.com/?p=56#comment-25400 That is plain old ' Renting'. You rent a home woth $400k , pay $500 as rent and when you leave you own nothinh That is plain old ‘ Renting’. You rent a home woth $400k , pay $500 as rent and when you leave you own nothinh

]]> By: Jason http://www.doctorhousingbubble.com/housing-bloggers-unite-the-housing-blogger-network-hbn-has-started/comment-page-1/#comment-947 Jason Thu, 31 May 2007 03:28:00 +0000 http://www.doctorhousingbubble.com/?p=56#comment-947 Nicely said...your button is on my blog now! Nicely said…your button is on my blog now!

]]> By: Anonymous http://www.doctorhousingbubble.com/housing-bloggers-unite-the-housing-blogger-network-hbn-has-started/comment-page-1/#comment-772 Anonymous Wed, 02 May 2007 06:51:00 +0000 http://www.doctorhousingbubble.com/?p=56#comment-772 The truth must be told...<br/><br/>Unfortunately the people in SoCal are way too greedy!!! For example, a house in Downers Grove, IL, you can find a house about mid-300 to mid-500 thousand dollars for double the lot size compare to mid-600 to mid-700 thousand in Downey, CA...what are these people in SoCal thinking??? Oh, I know...too much sun and ultraviolet radiation have cooked their brain cells to a skull full of $hit. I have never respect 90% of the people in SoCal. But that's my take anyways. However, I respect people on this site due to the fact that people say it like how it is. People need to realize on average, a married couple's combined income is about $600,000 at best and the house prices is 10 times of their annual income. WTF??? Are they gonna eat $0.10 ramen noodles everyday??? I wish the SoCal housing market would crash. This would be a wake-up call for a lot of folks in SoCal!!! The truth must be told…

Unfortunately the people in SoCal are way too greedy!!! For example, a house in Downers Grove, IL, you can find a house about mid-300 to mid-500 thousand dollars for double the lot size compare to mid-600 to mid-700 thousand in Downey, CA…what are these people in SoCal thinking??? Oh, I know…too much sun and ultraviolet radiation have cooked their brain cells to a skull full of $hit. I have never respect 90% of the people in SoCal. But that’s my take anyways. However, I respect people on this site due to the fact that people say it like how it is. People need to realize on average, a married couple’s combined income is about $600,000 at best and the house prices is 10 times of their annual income. WTF??? Are they gonna eat $0.10 ramen noodles everyday??? I wish the SoCal housing market would crash. This would be a wake-up call for a lot of folks in SoCal!!!

]]> By: Mr. Mortgage http://www.doctorhousingbubble.com/housing-bloggers-unite-the-housing-blogger-network-hbn-has-started/comment-page-1/#comment-652 Mr. Mortgage Tue, 17 Apr 2007 18:49:00 +0000 http://www.doctorhousingbubble.com/?p=56#comment-652 I think you will find that we share very similiar views. Take a look some slides on the mortgage market I attended. I am a mortgage banker in CA.<br/>http://thegreatloanblog.blogspot.com/ I think you will find that we share very similiar views. Take a look some slides on the mortgage market I attended. I am a mortgage banker in CA.
http://thegreatloanblog.blogspot.com/

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