Comments on: Real Homes of Genius: 4 Homes in Pasadena. Every Zip Code in Pasadena Seeing Pricing Pressure. Housing Enters the weak Fall and Winter Seasons.

By: Kiran

Kiran — Thu, 10 Sep 2009 06:36:42 +0000

I didn’t find any real home in your link could give the link again WC varones

By: W.C. Varones

W.C. Varones — Sun, 06 Sep 2009 15:16:06 +0000

We have real homes of genius in San Diego, too.

By: JimAtLaw

JimAtLaw — Sun, 06 Sep 2009 01:52:55 +0000

Seems like these prices are STILL totally crazy – the first one, after a full 1/3 decline, is still MORE THAN TRIPLE the 1999 price.

That averages nearly 12% a year for ten years running! And at a time when incomes were rising only a few points a year.

Totally unjustifiable and unsustainable, this place needs to be 200k, not 300.

By: fledermaus

fledermaus — Sun, 06 Sep 2009 00:33:14 +0000

“What they are saying in essence is we need to keep the little man behind the curtain hidden or the public will freak out when they realize what kind of crap banks are pulling off.”

I can’t remember where I read it (probably here) but with all the talk of “public confidence” someone noted that only confidence games require public confidence to be profitable. Three Card Monty, anyone?

By: Sabin Figaro

Sabin Figaro — Sat, 05 Sep 2009 18:12:19 +0000

I was just working in Charlotte at ground-zero of BOA-East (It’s a two-headed monster, the old San Fran Bank America and Charlotte’s Nations Bank) and it looks like Dubai Junior with all the cranes and new towers going up. Maybe a problem elsewhere, but bailout-city (home of Wachovia, too) is alive and well. Thngs are booming for now. Bet they’re glad they don’t make cars here instead.
Obviously the FIRE industry is burning up all the rest of America and whoever ‘they’ are, aren’t going to let it fail–the rest of us be damned. Too big to do anything but fail.
Saw another movie waiting for Planet of the Alt Apes (they are keeping the film off the MLS, movie listing service, for as long as they can). It was called Along Came Paulson. One of the running jokes was when Hank kept dragging around a ferret called The American Taxpayer. Boy he really creamed that little guy…
Maybe this thing comes off the rails soon or maybe a few more years, but each time the scheme gets ready to blow up, the postponement plan becomes more radical.