Comments on: 21,000 Los Angeles MLS homes versus 58,000 distressed properties. Southern California multi-million dollar CRE default. Retail spending up because rich are bored with the financial crisis. http://www.doctorhousingbubble.com/los-angeles-foreclosures-distress-properties-southern-california-commerical-real-estate-default-wealthy-retail-spending/ How I Learned to Love Southern California and Forget the Housing Bubble Thu, 09 Feb 2012 06:16:36 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Kid Charlemagne http://www.doctorhousingbubble.com/los-angeles-foreclosures-distress-properties-southern-california-commerical-real-estate-default-wealthy-retail-spending/#comment-49909 Kid Charlemagne Fri, 18 Jun 2010 02:38:41 +0000 http://www.doctorhousingbubble.com/?p=3372#comment-49909 @El guapo Agreed. At some point the algorithm fails and we'll realize there isn't any cheese in the cheese shop. Honestly, how many more Trillion-dollar bailouts will it take to derail the whole thing. @El guapo
Agreed. At some point the algorithm fails and we’ll realize there isn’t any cheese in the cheese shop. Honestly, how many more Trillion-dollar bailouts will it take to derail the whole thing.

]]> By: WP http://www.doctorhousingbubble.com/los-angeles-foreclosures-distress-properties-southern-california-commerical-real-estate-default-wealthy-retail-spending/#comment-49871 WP Thu, 17 Jun 2010 17:54:37 +0000 http://www.doctorhousingbubble.com/?p=3372#comment-49871 "good as gold..." maybe not. http://www.latimes.com/news/local/politics/la-me-firefighter-pensions-20100617,0,3681678.story “good as gold…” maybe not.

http://www.latimes.com/news/local/politics/la-me-firefighter-pensions-20100617,0,3681678.story

]]> By: wheresthebeef http://www.doctorhousingbubble.com/los-angeles-foreclosures-distress-properties-southern-california-commerical-real-estate-default-wealthy-retail-spending/#comment-49851 wheresthebeef Thu, 17 Jun 2010 01:14:07 +0000 http://www.doctorhousingbubble.com/?p=3372#comment-49851 Swiller. You are correct on both accounts. Prices today in decent areas are still insane. Given that information, I will happily rent and save money for the next few years. Something will give sooner or later. It will either be lower housing prices here in Socal or me relocating to a cheaper cost of living area. In the meantime, I could care less if prices tanked another 20%, the state goes belly up or the big earthquake finally hits LA. See, being a renter does have some advantages. Swiller. You are correct on both accounts. Prices today in decent areas are still insane. Given that information, I will happily rent and save money for the next few years. Something will give sooner or later. It will either be lower housing prices here in Socal or me relocating to a cheaper cost of living area. In the meantime, I could care less if prices tanked another 20%, the state goes belly up or the big earthquake finally hits LA. See, being a renter does have some advantages.

]]> By: el guapo http://www.doctorhousingbubble.com/los-angeles-foreclosures-distress-properties-southern-california-commerical-real-estate-default-wealthy-retail-spending/#comment-49847 el guapo Wed, 16 Jun 2010 20:44:22 +0000 http://www.doctorhousingbubble.com/?p=3372#comment-49847 Pensions are backed up by law...until California defaults, right? I don't see how California doesn't declare bankruptcy at some point. The genius in charge of Calpers (in 1998) based their pension entitlements on the basis of the Dow being at 25,000 today. Well, that's dot com thinking and isn't sustainable. It doesn't matter what the law says (today), it can't be paid. The math doesn't lie (though some accountants have been known to fudge). Pensions are backed up by law…until California defaults, right? I don’t see how California doesn’t declare bankruptcy at some point. The genius in charge of Calpers (in 1998) based their pension entitlements on the basis of the Dow being at 25,000 today. Well, that’s dot com thinking and isn’t sustainable. It doesn’t matter what the law says (today), it can’t be paid. The math doesn’t lie (though some accountants have been known to fudge).

]]> By: Swiller http://www.doctorhousingbubble.com/los-angeles-foreclosures-distress-properties-southern-california-commerical-real-estate-default-wealthy-retail-spending/#comment-49846 Swiller Wed, 16 Jun 2010 20:14:42 +0000 http://www.doctorhousingbubble.com/?p=3372#comment-49846 Wait I'm confused....you are bitching because the price of homes in SoCal is insane (agreed), but then turn around and say you are happy to keep renting and saving.....um, which one is it? What I see here, is people bitching because THEY can't get in the casino. People post all the time that they are going to move to Arizona or Texas but in reality, the 120 degree heat, or the mold growing in the basement always tends to change them plans. Rent, hold out for sanity, and then if it gets to where it's bearable...buy. If CA makes you that crazy...then indeed, move. I plan too as soon as I can retire. Wait I’m confused….you are bitching because the price of homes in SoCal is insane (agreed), but then turn around and say you are happy to keep renting and saving…..um, which one is it?

What I see here, is people bitching because THEY can’t get in the casino. People post all the time that they are going to move to Arizona or Texas but in reality, the 120 degree heat, or the mold growing in the basement always tends to change them plans.

Rent, hold out for sanity, and then if it gets to where it’s bearable…buy. If CA makes you that crazy…then indeed, move. I plan too as soon as I can retire.

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