Comments on: The Housing Metrics of Southern California – Seasonal Home Sales, Inflation Adjusted Home Prices, Tens of Thousands Living Rent Free, and the Japanese Experience.

By: wgwgwg

wgwgwg — Mon, 08 Mar 2010 11:26:38 +0000

I know only one song, so can I sing it again?

Dean Baker, pinko economist, early on, said three things: owners-become-renters, cram-downs, and no-bailout.

Look where we’re at now. What a freakin mess. Should have listened to the pinko.

By: Sabin Figaro

Sabin Figaro — Mon, 08 Mar 2010 04:26:03 +0000

@trey
A few years ago I suggested we may start using the term quadrillion, although that figure is beyond the net worth of the entire planet, and probably the next three, but counting the exponential growth of derivatives, the quad is coming. The only way to keep the bluff going is to raise the stakes–all the players are bluffing so nobody calls. One way or another this game ends and it’s going to be hell on earth. Madoff was just a microcosm of the world economy. At some point CA muni’s default and Sam picks up the tab…that will be the next shoe to drop in my opinion. Of course, it’s like a centipede with shoes dropping every week, but one state leads to 49 more hats in hand. And pensions. This is the real push for health reform, because Sam buys health

By: treynickel

treynickel — Sun, 07 Mar 2010 21:31:29 +0000

At some point all the people making comments on this blog will have to let reality set in at some point. This is a great Housing Blog, but the bigger picture is the ECONOMY/Federal Reserve Note is collapsing. Over $600 Trillion in DERIVATIVE DEBT/CREDIT DEFAULT SWAPS will insure massive unemployment and foreclosures. You can cry about street cameras, bubble housing prices, intelligent people strategically defaulting on their mortgage just like Tishman-Speyer and Blackrock, Inc. Or you can come to the conclusion of REALITY, that this is BABYLON and your watching the fall of ROME!!!! By the way, my neighbor has been living in their home mortgage free for 26 months, paying only home owners insurance. They challenged the banks legal right to foreclose by asking for the “NOTE” and the Mortgage Servicing Agreement (MERS). Judge told the bank “don’t come back to court unless you have both documents or a Modification.” (Pro-Se) $7,000 a month. add it up.

By: Joe R

Joe R — Sat, 06 Mar 2010 17:39:33 +0000

I have become an accidental landlord due to the death of my Mother. I have come to a conclusion. As a landlord you can have a good tenant or a bad tenant. The difference is that with a good tenant you pay for a steady stream of repairs, and with a bad tenant you pay for major repairs when they move out.

Without appreciation and depreciation you can’t make a profit on rental real estate. Now there’s a conflicted statement!

By: gael

gael — Fri, 05 Mar 2010 21:58:29 +0000

Huh, I like those traffic cameras. They have them all over Culver City. Funny thing is people behave there. No running red lights or blocking the intersection during rush hour. Sad that that is what it takes for people to behave while behind the wheel.