Comments on: Of Bubbles Past. Need a Map for Housing? Ask a Housing Perma-Bull and They’ll See the World Through Colored Glasses! http://www.doctorhousingbubble.com/of-bubbles-past-need-a-map-for-housing-ask-a-housing-perma-bull-and-they%e2%80%99ll-see-the-world-through-colored-glasses/ How I Learned to Love Southern California and Forget the Housing Bubble Wed, 10 Mar 2010 15:32:01 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Dr Housing Bubble http://www.doctorhousingbubble.com/of-bubbles-past-need-a-map-for-housing-ask-a-housing-perma-bull-and-they%e2%80%99ll-see-the-world-through-colored-glasses/comment-page-1/#comment-216 Dr Housing Bubble Fri, 26 Jan 2007 01:04:00 +0000 http://www.doctorhousingbubble.com/?p=42#comment-216 marinite:<br/><br/>I got the post from here and linked to it in the article:<br/><br/>http://www.rntl.net/history_of_a_housing_bubble.htm and noted it in the post. <br/><br/>Not sure if this is you but if it is the credit is already in the post.<br/><br/>Dr. H marinite:

I got the post from here and linked to it in the article:

http://www.rntl.net/history_of_a_housing_bubble.htm and noted it in the post.

Not sure if this is you but if it is the credit is already in the post.

Dr. H

]]> By: marinite http://www.doctorhousingbubble.com/of-bubbles-past-need-a-map-for-housing-ask-a-housing-perma-bull-and-they%e2%80%99ll-see-the-world-through-colored-glasses/comment-page-1/#comment-214 marinite Fri, 26 Jan 2007 00:54:00 +0000 http://www.doctorhousingbubble.com/?p=42#comment-214 That history of housing bubbles site is a word-for-word copy of one of my posts (http://tinyurl.com/8ryol). It would have been nice to give me a little credit for my hard work. That history of housing bubbles site is a word-for-word copy of one of my posts (http://tinyurl.com/8ryol). It would have been nice to give me a little credit for my hard work.

]]> By: graphrix http://www.doctorhousingbubble.com/of-bubbles-past-need-a-map-for-housing-ask-a-housing-perma-bull-and-they%e2%80%99ll-see-the-world-through-colored-glasses/comment-page-1/#comment-212 graphrix Wed, 24 Jan 2007 23:31:00 +0000 http://www.doctorhousingbubble.com/?p=42#comment-212 Irvinerenter said that 2007 should be like 1990. I think we are ahead of that already by six months. We saw a dip in the median price in either October or Novemeber but it wasn't until May 1990 before they saw a dip. The price per square foot has dropped by 4.3%. NOD's are up 88% and foreclosures more than quadrupled to 647 for 2006. Foreclosures only tripled from 88-91 and if we are close to double by the first half of the year then it will look more like 92. I think OC will see a median price drop of 5-8% by the end of summer. I could be wrong since history tells there will be a cat back bounce some time this year. <br/><br/>Things that don't look good for us is our job growth was just 1% last year. So I don't understand the bullish position that commercial construction will save us. No job growth means we don't have the jobs to fill these offices. 16.5% of our 1.5 million jobs are tied to RE and I don't care what people say if these people aren't making money they aren't spending money and that will hurt retail. Homebuilders are laying off people here like crazy and yet they have about 40k+ units in the works. But "there is no more land here". Oh and more people are leaving OC than coming in. The inflation in OC is running at 4.3% for 2006 so the flat median home prices are really down. What we hear from the pigs/bulls is "But we are highly educated and the weather is great here so everyone wants to live here". Really? If you are so educated then you would understand that home prices are down when it comes to real dollars and that your savings account (which most around here don't have any money in) made more money. You would also see that people are leaving not coming here. And the weather? We have had Santa Ana winds more than any other year and I hate them and almost no rain.<br/><br/>So yeah it doesn't look so good here. Really I'm not bitter renter. I am just annoyed by the pigs/bulls that failed econ 101, don't read or look at what history tells us. Irvinerenter said that 2007 should be like 1990. I think we are ahead of that already by six months. We saw a dip in the median price in either October or Novemeber but it wasn’t until May 1990 before they saw a dip. The price per square foot has dropped by 4.3%. NOD’s are up 88% and foreclosures more than quadrupled to 647 for 2006. Foreclosures only tripled from 88-91 and if we are close to double by the first half of the year then it will look more like 92. I think OC will see a median price drop of 5-8% by the end of summer. I could be wrong since history tells there will be a cat back bounce some time this year.

Things that don’t look good for us is our job growth was just 1% last year. So I don’t understand the bullish position that commercial construction will save us. No job growth means we don’t have the jobs to fill these offices. 16.5% of our 1.5 million jobs are tied to RE and I don’t care what people say if these people aren’t making money they aren’t spending money and that will hurt retail. Homebuilders are laying off people here like crazy and yet they have about 40k+ units in the works. But “there is no more land here”. Oh and more people are leaving OC than coming in. The inflation in OC is running at 4.3% for 2006 so the flat median home prices are really down. What we hear from the pigs/bulls is “But we are highly educated and the weather is great here so everyone wants to live here”. Really? If you are so educated then you would understand that home prices are down when it comes to real dollars and that your savings account (which most around here don’t have any money in) made more money. You would also see that people are leaving not coming here. And the weather? We have had Santa Ana winds more than any other year and I hate them and almost no rain.

So yeah it doesn’t look so good here. Really I’m not bitter renter. I am just annoyed by the pigs/bulls that failed econ 101, don’t read or look at what history tells us.

]]> By: IrvineRenter http://www.doctorhousingbubble.com/of-bubbles-past-need-a-map-for-housing-ask-a-housing-perma-bull-and-they%e2%80%99ll-see-the-world-through-colored-glasses/comment-page-1/#comment-210 IrvineRenter Wed, 24 Jan 2007 19:26:00 +0000 http://www.doctorhousingbubble.com/?p=42#comment-210 In looking at those headlines and comparing them to the OC market, I think 1989 was more like 2006. I suspect 2007 will be more like 1990. In looking at those headlines and comparing them to the OC market, I think 1989 was more like 2006. I suspect 2007 will be more like 1990.

]]> By: Dr Housing Bubble http://www.doctorhousingbubble.com/of-bubbles-past-need-a-map-for-housing-ask-a-housing-perma-bull-and-they%e2%80%99ll-see-the-world-through-colored-glasses/comment-page-1/#comment-208 Dr Housing Bubble Wed, 24 Jan 2007 17:22:00 +0000 http://www.doctorhousingbubble.com/?p=42#comment-208 Uncertain buyer:<br/><br/>Hopefully with all the housing information online you’ll be able to make an informed decision when you do purchase a home. Many folks like to think that we are anti-housing and will never own. When the case may be that we own investment properties in other parts of the country where prices make economic sense. Again, welcome and 2007 will be the year housing turns. Uncertain buyer:

Hopefully with all the housing information online you’ll be able to make an informed decision when you do purchase a home. Many folks like to think that we are anti-housing and will never own. When the case may be that we own investment properties in other parts of the country where prices make economic sense. Again, welcome and 2007 will be the year housing turns.

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