Comments on: Massive Inventory Decrease in Southern California. Is This the Fabled Bottom? http://www.doctorhousingbubble.com/massive-inventory-decrease-in-southern-california-is-this-the-fabled-bottom/ How I Learned to Love Southern California and Forget the Housing Bubble Fri, 29 Aug 2008 06:41:16 +0000 http://wordpress.org/?v=2.2.2 By: oc girl http://www.doctorhousingbubble.com/massive-inventory-decrease-in-southern-california-is-this-the-fabled-bottom/#comment-5420 oc girl Fri, 11 Jan 2008 07:03:49 +0000 http://www.doctorhousingbubble.com/massive-inventory-decrease-in-southern-california-is-this-the-fabled-bottom/#comment-5420 I just heard the other day that a good chunk of homes currently on the market are not included in MLS listings because realtors, as if people can't figure out that now is NOT the time to buy/flip. I just heard the other day that a good chunk of homes currently on the market are not included in MLS listings because realtors, as if people can’t figure out that now is NOT the time to buy/flip.

]]> By: NotAMystery http://www.doctorhousingbubble.com/massive-inventory-decrease-in-southern-california-is-this-the-fabled-bottom/#comment-5418 NotAMystery Fri, 11 Jan 2008 05:56:33 +0000 http://www.doctorhousingbubble.com/massive-inventory-decrease-in-southern-california-is-this-the-fabled-bottom/#comment-5418 "Yesterday, stocks shot up toward the end of the day for no apparent reason (PPT) which is becoming a more and more common occurrence..." The Dow turned at 12505.91. This is very close to the intra-day low (not closing low, which was 12800) where the August market sell-off reversed hard. The intra-day low is where the sellers were truly flushed out of the market. It would have been anticipated by technical traders everywhere. The S&P cash turned around 1380, also close to its August intra-day low. The move looks purely technical, not PPT-engineered, to this market watcher. “Yesterday, stocks shot up toward the end of the day for no apparent reason (PPT) which is becoming a more and more common occurrence…”

The Dow turned at 12505.91. This is very close to the intra-day low (not closing low, which was 12800) where the August market sell-off reversed hard. The intra-day low is where the sellers were truly flushed out of the market. It would have been anticipated by technical traders everywhere. The S&P cash turned around 1380, also close to its August intra-day low. The move looks purely technical, not PPT-engineered, to this market watcher.

]]> By: Al Ramirez http://www.doctorhousingbubble.com/massive-inventory-decrease-in-southern-california-is-this-the-fabled-bottom/#comment-5367 Al Ramirez Thu, 10 Jan 2008 22:50:47 +0000 http://www.doctorhousingbubble.com/massive-inventory-decrease-in-southern-california-is-this-the-fabled-bottom/#comment-5367 Great article and the point about south cetral LA hitting prices of over 500K makes it clear that people don't make the kind of money to afford what they thought their house is worth. To the comment by SD Scientist look to the comments by Steve and JS - even though California households have higher incomes it still is not enough to justify the peak market prices. Too many people read too much "rich dad - poor dad" and watched too many real estate investment programs on flipping property. The guy making money in real estate has turned out to be the guy selling you the book. Every investment market has ups and downs. People need to remember that while you can make it money money in Bull Market and you can make money in bear market no one makes money when they make a pig of themselves in any market. Hopefully the government won't step in or pull some RTC/HUD bailout so that the market can truely correct itself even at the expense of those who miscalculated their potential exposure. Great article and the point about south cetral LA hitting prices of over 500K makes it clear that people don’t make the kind of money to afford what they thought their house is worth. To the comment by SD Scientist look to the comments by Steve and JS - even though California households have higher incomes it still is not enough to justify the peak market prices.

Too many people read too much “rich dad - poor dad” and watched too many real estate investment programs on flipping property. The guy making money in real estate has turned out to be the guy selling you the book. Every investment market has ups and downs. People need to remember that while you can make it money money in Bull Market and you can make money in bear market no one makes money when they make a pig of themselves in any market. Hopefully the government won’t step in or pull some RTC/HUD bailout so that the market can truely correct itself even at the expense of those who miscalculated their potential exposure.

]]> By: SD Scientist http://www.doctorhousingbubble.com/massive-inventory-decrease-in-southern-california-is-this-the-fabled-bottom/#comment-5365 SD Scientist Thu, 10 Jan 2008 18:43:34 +0000 http://www.doctorhousingbubble.com/massive-inventory-decrease-in-southern-california-is-this-the-fabled-bottom/#comment-5365 Percentage of families making 200K+ a year: San Diego County: 6.8% Ventura County: 8.3% Orange County: 9.8% Percentage of families making 100K+ year: San Diego County: 31.4% Ventura County: 37.3% Orange County: 38.4% Don't underestimate how wealthy California is compared to the rest of the country. Percentage of families making 200K+ a year:

San Diego County: 6.8%
Ventura County: 8.3%
Orange County: 9.8%

Percentage of families making 100K+ year:
San Diego County: 31.4%
Ventura County: 37.3%
Orange County: 38.4%

Don’t underestimate how wealthy California is compared to the rest of the country.

]]> By: JB http://www.doctorhousingbubble.com/massive-inventory-decrease-in-southern-california-is-this-the-fabled-bottom/#comment-5311 JB Thu, 10 Jan 2008 02:45:30 +0000 http://www.doctorhousingbubble.com/massive-inventory-decrease-in-southern-california-is-this-the-fabled-bottom/#comment-5311 Dr HB, You talk a lot about the stock market. I was just curious if you shorted some of the homebuilder stocks and some bank stocks? It was/is a great opportunity to make some money on the downturn. Dr HB,
You talk a lot about the stock market. I was just curious if you shorted some of the homebuilder stocks and some bank stocks? It was/is a great opportunity to make some money on the downturn.

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