Comments on: Southern California housing largely in a housing bubble – California CPI up 31 percent for the decade home prices in SoCal up 45 percent. Los Angeles County up 72 percent and Orange County up 63 percent. http://www.doctorhousingbubble.com/southern-california-real-estate-still-in-housing-bubble-measured-by-cpi-socal-housing-foreclosures-distressed-sales/ 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: Blurtman http://www.doctorhousingbubble.com/southern-california-real-estate-still-in-housing-bubble-measured-by-cpi-socal-housing-foreclosures-distressed-sales/#comment-50712 Blurtman Sat, 10 Jul 2010 17:40:56 +0000 http://www.doctorhousingbubble.com/?p=3418#comment-50712 I think market data has always been screwy, but we are now witnessing the artifact of the internet. Greater and more instantaneous access to data being confused with new meaningfulness, Also partly explains the anger in society. An analogy: Seafaring technology causing the white man to suddenly discover the New World. Hello, it was always there and known to some peoples. I think market data has always been screwy, but we are now witnessing the artifact of the internet. Greater and more instantaneous access to data being confused with new meaningfulness, Also partly explains the anger in society.

An analogy: Seafaring technology causing the white man to suddenly discover the New World. Hello, it was always there and known to some peoples.

]]> By: Blurtman http://www.doctorhousingbubble.com/southern-california-real-estate-still-in-housing-bubble-measured-by-cpi-socal-housing-foreclosures-distressed-sales/#comment-50711 Blurtman Sat, 10 Jul 2010 17:30:19 +0000 http://www.doctorhousingbubble.com/?p=3418#comment-50711 Yes, Max, you are correct. People, please do not move to the Northwest. Yes, Max, you are correct. People, please do not move to the Northwest.

]]> By: wheresthebeef http://www.doctorhousingbubble.com/southern-california-real-estate-still-in-housing-bubble-measured-by-cpi-socal-housing-foreclosures-distressed-sales/#comment-50667 wheresthebeef Fri, 09 Jul 2010 16:55:25 +0000 http://www.doctorhousingbubble.com/?p=3418#comment-50667 JG, the bubble buyers from 05 can think positive 24/7 and nothing good is going to happen. Many factors need to be taken into account when buying a house, more so than ever today. We have never seen a bubble like this before, never seen a recession like this before and are in economic uncertain times to say the least. Most normal people don't know if they will have a job in two years, the last thing they should do is mortgage themselves to the hilt with overpriced housing. It truly is different this time! JG, the bubble buyers from 05 can think positive 24/7 and nothing good is going to happen. Many factors need to be taken into account when buying a house, more so than ever today. We have never seen a bubble like this before, never seen a recession like this before and are in economic uncertain times to say the least. Most normal people don’t know if they will have a job in two years, the last thing they should do is mortgage themselves to the hilt with overpriced housing. It truly is different this time!

]]> By: compass rose http://www.doctorhousingbubble.com/southern-california-real-estate-still-in-housing-bubble-measured-by-cpi-socal-housing-foreclosures-distressed-sales/#comment-50657 compass rose Fri, 09 Jul 2010 13:34:24 +0000 http://www.doctorhousingbubble.com/?p=3418#comment-50657 Re: 7/5. What Laura said. And even high tech workers can mostly expect to permatemp in the PNW. The big secret of Seattle is just how cold and closed it is...though there are good reasons for it, and it's probably functional overall, though outsiders who are accustomed to taking whatever they want by storm chafe at the non-stormability of Fort Pugetopolis. ~ You see, we don't cotton to being exploited by Californians who think they can perpetually export their model of gentrification/Third Worldism. How many Pension Millionaires have come up here, driven up housing prices, and expect workers back in CA to pay them to live higher on the hog than any of us? Forever. How many Silicon Valley whiz kids roll in, thinking they'll control the world because they have addiction to iCrap and think everybody should? ~ Pugetopolis still has strong remnants of a culture where, them that works, eats...though the corporate and governmental welfare cultures are chipping away at that. Starting with a lot of union bashing and class war against working people. But the fact is, there's one acid test in the vast PNW outside Seattle proper: if a big tree blows down and blocks a road, do you reach for your cell phone? Or your chain saw? ~ John is right. The big shakedown we're facing isn't the two phony US political parties, it's the priests of money versus everyone else...just as it has been ever since this system was invented in Mesopotamia. If labor yields money, then money goes to those who make an effort and have skills, not those who set up mathematical formula money mills. ~ http://michael-hudson.com/2002/04/the-new-economic-archaeology-of-debt/ ~ And also what Doc said. We watch things in SoCal and NoCal alike and are stymied by how friends can be listing 900 sf bungalows for $700K after moving to giant new places ("a bargain off the bubble!"). They are working some system that we apparently don't partake in, since we loathe debt (i.e., interest servitude to banks). ~ But it's clear there's a lot of blood still to be wrung out of this carcass, and the FIRE vampires know it all too well. 2011-2012 will be a huge shakeout time. And the tail end will go on for a long time, with new exploiters rising to suck some more heme. ~ rose Re: 7/5. What Laura said. And even high tech workers can mostly expect to permatemp in the PNW. The big secret of Seattle is just how cold and closed it is…though there are good reasons for it, and it’s probably functional overall, though outsiders who are accustomed to taking whatever they want by storm chafe at the non-stormability of Fort Pugetopolis.
~
You see, we don’t cotton to being exploited by Californians who think they can perpetually export their model of gentrification/Third Worldism. How many Pension Millionaires have come up here, driven up housing prices, and expect workers back in CA to pay them to live higher on the hog than any of us? Forever. How many Silicon Valley whiz kids roll in, thinking they’ll control the world because they have addiction to iCrap and think everybody should?
~
Pugetopolis still has strong remnants of a culture where, them that works, eats…though the corporate and governmental welfare cultures are chipping away at that. Starting with a lot of union bashing and class war against working people. But the fact is, there’s one acid test in the vast PNW outside Seattle proper: if a big tree blows down and blocks a road, do you reach for your cell phone? Or your chain saw?
~
John is right. The big shakedown we’re facing isn’t the two phony US political parties, it’s the priests of money versus everyone else…just as it has been ever since this system was invented in Mesopotamia. If labor yields money, then money goes to those who make an effort and have skills, not those who set up mathematical formula money mills.
~
http://michael-hudson.com/2002/04/the-new-economic-archaeology-of-debt/
~
And also what Doc said. We watch things in SoCal and NoCal alike and are stymied by how friends can be listing 900 sf bungalows for $700K after moving to giant new places (“a bargain off the bubble!”). They are working some system that we apparently don’t partake in, since we loathe debt (i.e., interest servitude to banks).
~
But it’s clear there’s a lot of blood still to be wrung out of this carcass, and the FIRE vampires know it all too well. 2011-2012 will be a huge shakeout time. And the tail end will go on for a long time, with new exploiters rising to suck some more heme.
~
rose

]]> By: One Bitter Guy http://www.doctorhousingbubble.com/southern-california-real-estate-still-in-housing-bubble-measured-by-cpi-socal-housing-foreclosures-distressed-sales/#comment-50621 One Bitter Guy Thu, 08 Jul 2010 18:06:50 +0000 http://www.doctorhousingbubble.com/?p=3418#comment-50621 JG, that has to be the most ridiculous reasoning I've ever heard for making the BIGGEST financial decision of one's life...."just do it".... you'd think he works for Nike.....we're talking about a decision that, in turn, affects all other decisions finanicially, emotionally, relationship wise, etc...... I"ll tell you what, you go first and tell me how it went in a couple of years ! JG, that has to be the most ridiculous reasoning I’ve ever heard for making the BIGGEST financial decision of one’s life….”just do it”…. you’d think he works for Nike…..we’re talking about a decision that, in turn, affects all other decisions finanicially, emotionally, relationship wise, etc……

I”ll tell you what, you go first and tell me how it went in a couple of years !

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