Comments on: The new Investing Psychology of the Southern California Housing Market: Hunting the SoCal Foreclosure Market. The New Rules of Southern California Real Estate. http://www.doctorhousingbubble.com/the-new-investing-psychology-of-the-southern-california-housing-market-hunting-the-socal-foreclosure-market-the-new-rules-of-southern-california-real-estate/ 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: Mark http://www.doctorhousingbubble.com/the-new-investing-psychology-of-the-southern-california-housing-market-hunting-the-socal-foreclosure-market-the-new-rules-of-southern-california-real-estate/#comment-32999 Mark Sat, 14 Feb 2009 06:29:14 +0000 http://www.doctorhousingbubble.com/the-new-investing-psychology-of-the-southern-california-housing-market-hunting-the-socal-foreclosure-market-the-new-rules-of-southern-california-real-estate/#comment-32999 By December 2009, the average cost for a home in LA County will be around $310,000, I predict. Homes will average in LA County by middle of 2011 around $235,000. By December 2009, the average cost for a home in LA County will be around $310,000, I predict. Homes will average in LA County by middle of 2011 around $235,000.

]]> By: Mark http://www.doctorhousingbubble.com/the-new-investing-psychology-of-the-southern-california-housing-market-hunting-the-socal-foreclosure-market-the-new-rules-of-southern-california-real-estate/#comment-30869 Mark Sat, 10 Jan 2009 08:25:49 +0000 http://www.doctorhousingbubble.com/the-new-investing-psychology-of-the-southern-california-housing-market-hunting-the-socal-foreclosure-market-the-new-rules-of-southern-california-real-estate/#comment-30869 Why does your graph look so much closer to having reverted to the mean than this one does ? http://www.housingbubblebust.com/OFHEO/Major/SoCal.html Why does your graph look so much closer to having reverted to the mean than this one does ?

http://www.housingbubblebust.com/OFHEO/Major/SoCal.html

]]> By: PDQ http://www.doctorhousingbubble.com/the-new-investing-psychology-of-the-southern-california-housing-market-hunting-the-socal-foreclosure-market-the-new-rules-of-southern-california-real-estate/#comment-30771 PDQ Fri, 09 Jan 2009 05:26:22 +0000 http://www.doctorhousingbubble.com/the-new-investing-psychology-of-the-southern-california-housing-market-hunting-the-socal-foreclosure-market-the-new-rules-of-southern-california-real-estate/#comment-30771 Doc - In the first paragraph you state: "The one thing being missed by policy makers is that psychology has been forever changed. That is, we now have a generation that will never fully believe that real estate never goes down as many in the real estate industry were telling us." They were probably saying the same thing in the last housing downturn which was what.....a decade ago? People believe what they want to believe and they believe what others tell them. In another few years we'll have people on the "real estate always goes up" bandwagon, conveniently downplaying or forgetting altogether this market crash. Doc –

In the first paragraph you state: “The one thing being missed by policy makers is that psychology has been forever changed. That is, we now have a generation that will never fully believe that real estate never goes down as many in the real estate industry were telling us.”

They were probably saying the same thing in the last housing downturn which was what…..a decade ago?

People believe what they want to believe and they believe what others tell them. In another few years we’ll have people on the “real estate always goes up” bandwagon, conveniently downplaying or forgetting altogether this market crash.

]]> By: Beerdude http://www.doctorhousingbubble.com/the-new-investing-psychology-of-the-southern-california-housing-market-hunting-the-socal-foreclosure-market-the-new-rules-of-southern-california-real-estate/#comment-30770 Beerdude Fri, 09 Jan 2009 05:12:14 +0000 http://www.doctorhousingbubble.com/the-new-investing-psychology-of-the-southern-california-housing-market-hunting-the-socal-foreclosure-market-the-new-rules-of-southern-california-real-estate/#comment-30770 Come on GW, even I know the Dr. meant billions of dollars, not billions of loans. Give it a rest. When the Dr. is on a roll he doesn't often stop to proofread. Come on GW, even I know the Dr. meant billions of dollars, not billions of loans. Give it a rest. When the Dr. is on a roll he doesn’t often stop to proofread.

]]> By: Barney http://www.doctorhousingbubble.com/the-new-investing-psychology-of-the-southern-california-housing-market-hunting-the-socal-foreclosure-market-the-new-rules-of-southern-california-real-estate/#comment-30767 Barney Fri, 09 Jan 2009 04:37:10 +0000 http://www.doctorhousingbubble.com/the-new-investing-psychology-of-the-southern-california-housing-market-hunting-the-socal-foreclosure-market-the-new-rules-of-southern-california-real-estate/#comment-30767 I'd like to buy a vacation condo in Palm Desert area. Not luxurious, 2BDRM. 1,000 ft. 10-20 yrs. old. Prices have fallen, but don't seem to reflect the 50% drop. Does anyone know about this area? I've been taking the advice and waiting. Sounds like I'll be waiting about 2 years longer. My stocks may even improve by then. I suppose if I'd bought sooner, I'd be in a similar postion anyway. You can run, but you can't hide!! I’d like to buy a vacation condo in Palm Desert area. Not luxurious, 2BDRM. 1,000 ft. 10-20 yrs. old.
Prices have fallen, but don’t seem to reflect the 50% drop.
Does anyone know about this area?
I’ve been taking the advice and waiting. Sounds like I’ll be waiting about 2 years longer.
My stocks may even improve by then. I suppose if I’d bought sooner, I’d be in a similar postion anyway. You can run, but you can’t hide!!

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