Comments on: Southern California Housing Report and Bottom Callers out En Masse: 17.4 Percent Jump in S&P 500 in Less Than 2 Weeks. Housing Starts up Because of Rental Units. Sealing the Deal for a Lost Decade. http://www.doctorhousingbubble.com/southern-california-housing-report-and-bottom-callers-out-en-masse-174-percent-jump-in-sp-500-in-less-than-2-weeks-housing-starts-up-because-of-rental-units-sealing-the-deal-for-a-lost-decade/ How I Learned to Love Southern California and Forget the Housing Bubble Sat, 31 Jul 2010 22:55:07 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Koko http://www.doctorhousingbubble.com/southern-california-housing-report-and-bottom-callers-out-en-masse-174-percent-jump-in-sp-500-in-less-than-2-weeks-housing-starts-up-because-of-rental-units-sealing-the-deal-for-a-lost-decade/comment-page-1/#comment-35059 Koko Sun, 22 Mar 2009 16:09:26 +0000 http://www.doctorhousingbubble.com/?p=1568#comment-35059 Yoggi I do believe a 5 bed house will go for 350-400 think about it, 400k that means @ 10-20% down 40-80K with full documentation you would need to be making >130k a year, most people in the valley do not make that let alone all the debt I see with their brand new cars.... Hey the stock market is at 97' levels why would it be crazy to believe the houses can't reach those levels??? Yoggi

I do believe a 5 bed house will go for 350-400 think about it, 400k that means @ 10-20% down 40-80K with full documentation you would need to be making >130k a year, most people in the valley do not make that let alone all the debt I see with their brand new cars…. Hey the stock market is at 97′ levels why would it be crazy to believe the houses can’t reach those levels???

]]> By: Mike Martin http://www.doctorhousingbubble.com/southern-california-housing-report-and-bottom-callers-out-en-masse-174-percent-jump-in-sp-500-in-less-than-2-weeks-housing-starts-up-because-of-rental-units-sealing-the-deal-for-a-lost-decade/comment-page-1/#comment-34987 Mike Martin Sat, 21 Mar 2009 06:05:58 +0000 http://www.doctorhousingbubble.com/?p=1568#comment-34987 Doctor, you think we only have a 10% drop to go? I have to disagree with you on that statement, most areas, including Riverside and San Bernandino have much more to go. I seen new vacant homes in Riverside for $400,000, no one in their right mind should pay more than $150,000 for those homes. Riverside has one of the worst school systems in the world, and supposibly this $400,000 homes are for young families, if these families can afford $400,000 for a home, why would they buy in such a bad location? Doctor, you think we only have a 10% drop to go? I have to disagree with you on that statement, most areas, including Riverside and San Bernandino have much more to go. I seen new vacant homes in Riverside for $400,000, no one in their right mind should pay more than $150,000 for those homes. Riverside has one of the worst school systems in the world, and supposibly this $400,000 homes are for young families, if these families can afford $400,000 for a home, why would they buy in such a bad location?

]]> By: Sabin Figaro http://www.doctorhousingbubble.com/southern-california-housing-report-and-bottom-callers-out-en-masse-174-percent-jump-in-sp-500-in-less-than-2-weeks-housing-starts-up-because-of-rental-units-sealing-the-deal-for-a-lost-decade/comment-page-1/#comment-34985 Sabin Figaro Sat, 21 Mar 2009 05:45:29 +0000 http://www.doctorhousingbubble.com/?p=1568#comment-34985 As investors we are much like Charlie Brown. Lucy tells us every fall she will hold the ball for us to kick it, but every time pulls it away once we have committed...Everyman never learns, does he? Trust Cramer and his Kudlow Krownies to extract any bit of value we have accumulated from hard work and savings. As investors we are much like Charlie Brown. Lucy tells us every fall she will hold the ball for us to kick it, but every time pulls it away once we have committed…Everyman never learns, does he?

Trust Cramer and his Kudlow Krownies to extract any bit of value we have accumulated from hard work and savings.

]]> By: Spencer Janke http://www.doctorhousingbubble.com/southern-california-housing-report-and-bottom-callers-out-en-masse-174-percent-jump-in-sp-500-in-less-than-2-weeks-housing-starts-up-because-of-rental-units-sealing-the-deal-for-a-lost-decade/comment-page-1/#comment-34961 Spencer Janke Fri, 20 Mar 2009 21:19:03 +0000 http://www.doctorhousingbubble.com/?p=1568#comment-34961 Great insight.. I really appreciate the realistic perspective. I think we are in for a ride. However, I do think a break or maybe even a false break might let a few people breathe. This I think can be a good thing. Do I think we are heading back up? No way, there are a lot of indication that point to the opposite. I think the key is the median home price. At some point when properties are at a whole affordable compared to the average salary of the area perhaps we will see a true uptick? http://utahcribs.wordpress.com/ Great insight.. I really appreciate the realistic perspective. I think we are in for a ride. However, I do think a break or maybe even a false break might let a few people breathe. This I think can be a good thing. Do I think we are heading back up? No way, there are a lot of indication that point to the opposite. I think the key is the median home price. At some point when properties are at a whole affordable compared to the average salary of the area perhaps we will see a true uptick?
http://utahcribs.wordpress.com/

]]> By: yoggi bear http://www.doctorhousingbubble.com/southern-california-housing-report-and-bottom-callers-out-en-masse-174-percent-jump-in-sp-500-in-less-than-2-weeks-housing-starts-up-because-of-rental-units-sealing-the-deal-for-a-lost-decade/comment-page-1/#comment-34957 yoggi bear Fri, 20 Mar 2009 19:13:37 +0000 http://www.doctorhousingbubble.com/?p=1568#comment-34957 KOKO Thanks. Ya I was looking at those prices as well cause I am sure alot of people got ARM loans during the bubble and they are soon going to be screwed. I was thinking it will take 2 years cause the govt is trying there best to gradually cause prices to go down so they can get as many people as they can to buy now. But if prices drop to 98-99 levels a nice 5 bedroom home and 4 baths was around a million and if prices drop would be around 400,000 to 350000 which is crazy. What do you think KOKO KOKO

Thanks. Ya I was looking at those prices as well cause I am sure alot of people got ARM loans during the bubble and they are soon going to be screwed. I was thinking it will take 2 years cause the govt is trying there best to gradually cause prices to go down so they can get as many people as they can to buy now. But if prices drop to 98-99 levels a nice 5 bedroom home and 4 baths was around a million and if prices drop would be around 400,000 to 350000 which is crazy. What do you think KOKO

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