Comments on: Southern California Housing Still Not Finding a Bottom: Worst Decline Ever, no Exaggeration. Examining the Numbers in Great Detail. http://www.doctorhousingbubble.com/southern-california-housing-still-not-finding-a-bottom-worst-decline-ever-no-exaggeration-examining-the-numbers-in-great-detail/ How I Learned to Love Southern California and Forget the Housing Bubble Thu, 09 Feb 2012 06:16:36 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: dimwit http://www.doctorhousingbubble.com/southern-california-housing-still-not-finding-a-bottom-worst-decline-ever-no-exaggeration-examining-the-numbers-in-great-detail/#comment-41693 dimwit Wed, 04 Nov 2009 23:32:04 +0000 http://www.doctorhousingbubble.com/southern-california-housing-still-not-finding-a-bottom-worst-decline-ever-no-exaggeration-examining-the-numbers-in-great-detail/#comment-41693 everything is fake,folks. we just happen to live in a paralel universe. just our luck to draw the shitty one. everything is fake,folks. we just happen to live in a paralel universe. just our luck to draw the shitty one.

]]> By: Hugh Pavletich http://www.doctorhousingbubble.com/southern-california-housing-still-not-finding-a-bottom-worst-decline-ever-no-exaggeration-examining-the-numbers-in-great-detail/#comment-11322 Hugh Pavletich Fri, 18 Apr 2008 06:14:55 +0000 http://www.doctorhousingbubble.com/southern-california-housing-still-not-finding-a-bottom-worst-decline-ever-no-exaggeration-examining-the-numbers-in-great-detail/#comment-11322 Why not compare the current performances of Texas and California? California has severe land scarcities and excessive land use regulation - creating a fertile environment for housing bubbles to form. Texas does not have these artificial scarcities. Unless these land scarcities and excessive regulations are dealt with - California can look forward to more destructive housing bubbles in the future. If these artificial scarcities push housing above the affordable maximum of three times household income - housing bubbles will likely form - pop - then deflate. Check out the latest 2008 4th Edition Demographia Survey www.demographia.com of the 227 major urban markets of the United States, Canada, Republic of Ireland, United Kingdom, Australia and New Zealand. Hugh Pavletich Co author - Annual Demographia International Housing Affordability Survey Why not compare the current performances of Texas and California?

California has severe land scarcities and excessive land use regulation – creating a fertile environment for housing bubbles to form. Texas does not have these artificial scarcities.

Unless these land scarcities and excessive regulations are dealt with – California can look forward to more destructive housing bubbles in the future.

If these artificial scarcities push housing above the affordable maximum of three times household income – housing bubbles will likely form – pop – then deflate.

Check out the latest 2008 4th Edition Demographia Survey http://www.demographia.com of the 227 major urban markets of the United States, Canada, Republic of Ireland, United Kingdom, Australia and New Zealand.

Hugh Pavletich
Co author – Annual Demographia International Housing Affordability Survey

]]> By: Teresa http://www.doctorhousingbubble.com/southern-california-housing-still-not-finding-a-bottom-worst-decline-ever-no-exaggeration-examining-the-numbers-in-great-detail/#comment-11253 Teresa Thu, 17 Apr 2008 11:47:14 +0000 http://www.doctorhousingbubble.com/southern-california-housing-still-not-finding-a-bottom-worst-decline-ever-no-exaggeration-examining-the-numbers-in-great-detail/#comment-11253 ------Many are living paycheck to paycheck with only 1 to 2 months of emergency funds.------- You probably don't hear this very often, but you're being optimistic here. =) A helluva lot of people don't even have one to two WEEKS of emergency funds. One missed paycheck--just one--and their house of cards topples. ——Many are living paycheck to paycheck with only 1 to 2 months of emergency funds.——-

You probably don’t hear this very often, but you’re being optimistic here. =) A helluva lot of people don’t even have one to two WEEKS of emergency funds. One missed paycheck–just one–and their house of cards topples.

]]> By: Jes http://www.doctorhousingbubble.com/southern-california-housing-still-not-finding-a-bottom-worst-decline-ever-no-exaggeration-examining-the-numbers-in-great-detail/#comment-11242 Jes Thu, 17 Apr 2008 05:04:01 +0000 http://www.doctorhousingbubble.com/southern-california-housing-still-not-finding-a-bottom-worst-decline-ever-no-exaggeration-examining-the-numbers-in-great-detail/#comment-11242 I want to know why the banks continue to sit on all these properties (more than 11 months inventory!) It's hard to understand how they seem to think it's better to get nothing than to get a little bit, given that most of these houses are simply not selling at all. Riverside renter, if you're in a position to do so, what about offering 50K less on that house? If they say no, you can up your bid. I want to know why the banks continue to sit on all these properties (more than 11 months inventory!) It’s hard to understand how they seem to think it’s better to get nothing than to get a little bit, given that most of these houses are simply not selling at all.
Riverside renter, if you’re in a position to do so, what about offering 50K less on that house? If they say no, you can up your bid.

]]> By: Jed Steven http://www.doctorhousingbubble.com/southern-california-housing-still-not-finding-a-bottom-worst-decline-ever-no-exaggeration-examining-the-numbers-in-great-detail/#comment-11239 Jed Steven Thu, 17 Apr 2008 03:50:43 +0000 http://www.doctorhousingbubble.com/southern-california-housing-still-not-finding-a-bottom-worst-decline-ever-no-exaggeration-examining-the-numbers-in-great-detail/#comment-11239 I think the effects are alarming. We are at the mercy of the secondary markets and investors. They have taken away that which financed so many. I too hope the taxes start to fall to help us somehow. I think the effects are alarming. We are at the mercy of the secondary markets and investors. They have taken away that which financed so many. I too hope the taxes start to fall to help us somehow.

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