Comments on: Southern California Housing Numbers Exposed: The Bottom Falls out of the Housing Market, Again. http://www.doctorhousingbubble.com/southern-california-housing-numbers-exposed-the-bottom-falls-out-of-the-housing-market-again/ How I Learned to Love Southern California and Forget the Housing Bubble Sat, 05 Jul 2008 11:14:25 +0000 http://wordpress.org/?v=2.2.2 By: kenny http://www.doctorhousingbubble.com/southern-california-housing-numbers-exposed-the-bottom-falls-out-of-the-housing-market-again/#comment-8474 kenny Wed, 20 Feb 2008 01:31:05 +0000 http://www.doctorhousingbubble.com/southern-california-housing-numbers-exposed-the-bottom-falls-out-of-the-housing-market-again/#comment-8474 does anyone have any ideas as to why san diego county is below double digits in home price decline in the above chart? does anyone have any ideas as to why san diego county is below double digits in home price decline in the above chart?

]]> By: Rocker http://www.doctorhousingbubble.com/southern-california-housing-numbers-exposed-the-bottom-falls-out-of-the-housing-market-again/#comment-8401 Rocker Sat, 16 Feb 2008 19:50:00 +0000 http://www.doctorhousingbubble.com/southern-california-housing-numbers-exposed-the-bottom-falls-out-of-the-housing-market-again/#comment-8401 To me this was the leading indicator that the bubble quietly ended, the clues were out there but only people with a trained eye could join the dots: http://www.nytimes.com/2005/10/04/business/04builders.html And the Real Estate market officialy crased on 02/07/07 when HSBC increased its fund for prevention of losses and New Century Financial disclosed their first problems. And it was criminal that the next day the NAR tried to calm the markets saying that the worst was certainly over, David Lerah will be in the history books for that. To me this was the leading indicator that the bubble quietly ended, the clues were out there but only people with a trained eye could join the dots:

http://www.nytimes.com/2005/10/04/business/04builders.html

And the Real Estate market officialy crased on 02/07/07 when HSBC increased its fund for prevention of losses and New Century Financial disclosed their first problems.

And it was criminal that the next day the NAR tried to calm the markets saying that the worst was certainly over, David Lerah will be in the history books for that.

]]> By: Problemwithcaring http://www.doctorhousingbubble.com/southern-california-housing-numbers-exposed-the-bottom-falls-out-of-the-housing-market-again/#comment-8341 Problemwithcaring Fri, 15 Feb 2008 19:36:44 +0000 http://www.doctorhousingbubble.com/southern-california-housing-numbers-exposed-the-bottom-falls-out-of-the-housing-market-again/#comment-8341 Its been about a year since Dr Housing bubble saved me from my life as a knife catcher and, on one hand, it seems like only yesterday. On the other, I can't even imagine my pre-bubble-educated self, before I found what a Real Home of Genius was. Its seems like years and years ago. Anyway, thanks and keep up the good work. Its been about a year since Dr Housing bubble saved me from my life as a knife catcher and, on one hand, it seems like only yesterday.

On the other, I can’t even imagine my pre-bubble-educated self, before I found what a Real Home of Genius was. Its seems like years and years ago.

Anyway, thanks and keep up the good work.

]]> By: drhousingbubble http://www.doctorhousingbubble.com/southern-california-housing-numbers-exposed-the-bottom-falls-out-of-the-housing-market-again/#comment-8291 drhousingbubble Fri, 15 Feb 2008 07:07:35 +0000 http://www.doctorhousingbubble.com/southern-california-housing-numbers-exposed-the-bottom-falls-out-of-the-housing-market-again/#comment-8291 While in prison Wilde wrote De Profundis, a dramatic and powerful monologue that was addressed to Alfred Douglas, the person that led him to his professional downfall. Even in some of his letters, you can see the co-dependency of their relationship and he accuses Douglas of destroying his own life. In fact, he was funding and thus enabling the irresponsible spending of Douglas: <i>“At a time when I should have been in London taking wise counsel... you insisted on my taking you to Monte Carlo, of all revolting places on God's earth, that all day, and all night as well, you might gamble as long as the Casino was open. As for me ... I was left alone outside to myself.”</i> Wilde despised gambling but allowed his partner to take him literally to the poor house. In the long letter, he goes back and forth discussing how he should have left but kept coming back. So Wilde was already heading down this path even before he was incarcerated. How many times have you seen either husband or wife, take one partner into financial ruin given their spending habits? Normally the other partner doesn’t say a word for fear of being deserted. We have seen so much of this in this credit consumption era. Financially irresponsible partners that lead their spouses into financial (and other) ruin. When you talk to some of these people, they will tell you that, “they do it out of love.” Please. If they would dig deeper, they would realize that spending or allowing unmitigated financial disease to spread, is a financial therapeutic defense mechanism to cover up and avoid addressing the deeper problems. When you enter credit bubbles, tulip bubbles, technology bubbles, or other concoctions that feed the flames of greed, psychology is the main driving force and not economics. Think of really famous people that have squandered their life away. The response you always get is, “but they had everything! Why would they throw it all away.” The premise is always that the observed actually valued what they had from the vantage point of the observer. Wealth is a magnifying glass. It will expand the virtuous and allow the damaged souls to wallow in their vices. Extravagant parties that have drugs and booze flowing like the falls of Niagara, are now accessible with fame [wealth] and power. The housing bubble has unfortunately shed a light on financial irresponsibility of many and credit was extended to a public who really has very little regard for financial prudence. Is it any wonder why so many now find themselves in their own financial prison? While in prison Wilde wrote De Profundis, a dramatic and powerful monologue that was addressed to Alfred Douglas, the person that led him to his professional downfall. Even in some of his letters, you can see the co-dependency of their relationship and he accuses Douglas of destroying his own life. In fact, he was funding and thus enabling the irresponsible spending of Douglas:

“At a time when I should have been in London taking wise counsel… you insisted on my taking you to Monte Carlo, of all revolting places on God’s earth, that all day, and all night as well, you might gamble as long as the Casino was open. As for me … I was left alone outside to myself.”

Wilde despised gambling but allowed his partner to take him literally to the poor house. In the long letter, he goes back and forth discussing how he should have left but kept coming back. So Wilde was already heading down this path even before he was incarcerated. How many times have you seen either husband or wife, take one partner into financial ruin given their spending habits? Normally the other partner doesn’t say a word for fear of being deserted. We have seen so much of this in this credit consumption era. Financially irresponsible partners that lead their spouses into financial (and other) ruin. When you talk to some of these people, they will tell you that, “they do it out of love.” Please. If they would dig deeper, they would realize that spending or allowing unmitigated financial disease to spread, is a financial therapeutic defense mechanism to cover up and avoid addressing the deeper problems.

When you enter credit bubbles, tulip bubbles, technology bubbles, or other concoctions that feed the flames of greed, psychology is the main driving force and not economics. Think of really famous people that have squandered their life away. The response you always get is, “but they had everything! Why would they throw it all away.” The premise is always that the observed actually valued what they had from the vantage point of the observer. Wealth is a magnifying glass. It will expand the virtuous and allow the damaged souls to wallow in their vices. Extravagant parties that have drugs and booze flowing like the falls of Niagara, are now accessible with fame [wealth] and power. The housing bubble has unfortunately shed a light on financial irresponsibility of many and credit was extended to a public who really has very little regard for financial prudence. Is it any wonder why so many now find themselves in their own financial prison?

]]> By: John keen http://www.doctorhousingbubble.com/southern-california-housing-numbers-exposed-the-bottom-falls-out-of-the-housing-market-again/#comment-8240 John keen Fri, 15 Feb 2008 00:41:43 +0000 http://www.doctorhousingbubble.com/southern-california-housing-numbers-exposed-the-bottom-falls-out-of-the-housing-market-again/#comment-8240 Oscar Wilde was outed as a "gay" person and spent about two years in prison. Prison conditions were worse than today and he lost his health and was penniless in his mid to late 40's. He moved to France, but died within about a year of the move. Oscar Wilde was outed as a “gay” person and spent about two years in prison. Prison conditions were worse than today and he lost his health and was penniless in his mid to late 40’s. He moved to France, but died within about a year of the move.

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