Comments on: Real Homes of Genius: Today we Salute you Pasadena. $87,000 off in 2 Months for 937 Square Feet. http://www.doctorhousingbubble.com/real-homes-of-genius-today-we-salute-you-pasadena-87000-off-in-2-months-for-937-square-feet/ How I Learned to Love Southern California and Forget the Housing Bubble Fri, 09 Jan 2009 13:22:13 +0000 http://wordpress.org/?v=2.2.2 By: The North Coast http://www.doctorhousingbubble.com/real-homes-of-genius-today-we-salute-you-pasadena-87000-off-in-2-months-for-937-square-feet/#comment-2173 The North Coast Fri, 21 Sep 2007 19:51:00 +0000 http://www.doctorhousingbubble.com/real-homes-of-genius-today-we-salute-you-pasadena-87000-off-in-2-months-for-937-square-feet/#comment-2173 I can't believe this place is even considered fit for human habitation, and I really can't believe anyone would pay rent for it. <br/><br/>When I first read of Los Angeles house prices, I just assumed that these shanties were situated on lots with really favorable zoning that were in the path of upper-bracket development. That is usually the case in many other cities- when you see a price on a house that makes no kind of sense it is because the lot got upzoned for a 40-story, 1300 unit building of toney condos. <br/><br/>However, reading your blog has exposed me to a reality I had a very poor, vague idea of before, and I have since discovered that the situation is similar in this city and other top metros. I can’t believe this place is even considered fit for human habitation, and I really can’t believe anyone would pay rent for it.

When I first read of Los Angeles house prices, I just assumed that these shanties were situated on lots with really favorable zoning that were in the path of upper-bracket development. That is usually the case in many other cities- when you see a price on a house that makes no kind of sense it is because the lot got upzoned for a 40-story, 1300 unit building of toney condos.

However, reading your blog has exposed me to a reality I had a very poor, vague idea of before, and I have since discovered that the situation is similar in this city and other top metros.

]]> By: NewYorkInvestingMeetup http://www.doctorhousingbubble.com/real-homes-of-genius-today-we-salute-you-pasadena-87000-off-in-2-months-for-937-square-feet/#comment-2167 NewYorkInvestingMeetup Fri, 21 Sep 2007 16:44:00 +0000 http://www.doctorhousingbubble.com/real-homes-of-genius-today-we-salute-you-pasadena-87000-off-in-2-months-for-937-square-feet/#comment-2167 Prices in all bubbles reach absurd levels that have nothing to do with reality (and yes, fraud is frequently involved). While what has happened to housing is outrageous, it is only a manifestion of the real problem which is a massive credit bubble that effects almost every area of credit in the economy. Of course, bailout Ben has decided the solution to too much liquidity is even more liquidity. I wonder what he's going to do when the US Dollar crashes? Prices in all bubbles reach absurd levels that have nothing to do with reality (and yes, fraud is frequently involved). While what has happened to housing is outrageous, it is only a manifestion of the real problem which is a massive credit bubble that effects almost every area of credit in the economy. Of course, bailout Ben has decided the solution to too much liquidity is even more liquidity. I wonder what he’s going to do when the US Dollar crashes?

]]> By: Phoenix Blogger http://www.doctorhousingbubble.com/real-homes-of-genius-today-we-salute-you-pasadena-87000-off-in-2-months-for-937-square-feet/#comment-2166 Phoenix Blogger Fri, 21 Sep 2007 16:01:00 +0000 http://www.doctorhousingbubble.com/real-homes-of-genius-today-we-salute-you-pasadena-87000-off-in-2-months-for-937-square-feet/#comment-2166 I can't believe this place sold for that much in 2007 without some kind of fraud I can’t believe this place sold for that much in 2007 without some kind of fraud

]]> By: Exit http://www.doctorhousingbubble.com/real-homes-of-genius-today-we-salute-you-pasadena-87000-off-in-2-months-for-937-square-feet/#comment-2137 Exit Thu, 20 Sep 2007 15:32:00 +0000 http://www.doctorhousingbubble.com/real-homes-of-genius-today-we-salute-you-pasadena-87000-off-in-2-months-for-937-square-feet/#comment-2137 Doc - can you get rid of the ad the first blogger put in there?<br/><br/>Surprisingly, go to MSN Money. Mainstream columnists Jubak, Bush, and Markman all have pertinent articles on some of the macro-economics underpinning this whole mess. Markman quotes the 'father' of derivates, Das, as saying we are not even in the 1st inning yet - we're in the national anthem before the game which is headed for extra innings.<br/><br/>Wait til the dollar drops below 70, gold hits 800 and oil hits 100. The printing presses are rolling... Doc - can you get rid of the ad the first blogger put in there?

Surprisingly, go to MSN Money. Mainstream columnists Jubak, Bush, and Markman all have pertinent articles on some of the macro-economics underpinning this whole mess. Markman quotes the ‘father’ of derivates, Das, as saying we are not even in the 1st inning yet - we’re in the national anthem before the game which is headed for extra innings.

Wait til the dollar drops below 70, gold hits 800 and oil hits 100. The printing presses are rolling…

]]> By: Ken http://www.doctorhousingbubble.com/real-homes-of-genius-today-we-salute-you-pasadena-87000-off-in-2-months-for-937-square-feet/#comment-2135 Ken Thu, 20 Sep 2007 02:55:00 +0000 http://www.doctorhousingbubble.com/real-homes-of-genius-today-we-salute-you-pasadena-87000-off-in-2-months-for-937-square-feet/#comment-2135 This house at 600K is just plain fraud. We need to tell congress to stop bailing Wall Street and banks<br/>that enables these frauds. This house at 600K is just plain fraud. We need to tell congress to stop bailing Wall Street and banks
that enables these frauds.

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