Comments on: The Quest for Accurate Housing Prices: Three Counties and Multiple Prices. http://www.doctorhousingbubble.com/the-quest-for-accurate-housing-prices-three-counties-and-multiple-prices/ How I Learned to Love Southern California and Forget the Housing Bubble Fri, 29 Aug 2008 06:33:24 +0000 http://wordpress.org/?v=2.2.2 By: drhousingbubble http://www.doctorhousingbubble.com/the-quest-for-accurate-housing-prices-three-counties-and-multiple-prices/#comment-4752 drhousingbubble Mon, 31 Dec 2007 19:52:55 +0000 http://www.doctorhousingbubble.com/the-quest-for-accurate-housing-prices-three-counties-and-multiple-prices/#comment-4752 Really appreciate the comments everyone. Just wanted to wish everyone a happy New Years! 2007 was an insane year and we are going to need every bit of energy for 2008! I'm already seeing pundits doing their annual year-end predictions of housing bouncing back in 2008...oh boy, the work is already starting. ;) Really appreciate the comments everyone. Just wanted to wish everyone a happy New Years! 2007 was an insane year and we are going to need every bit of energy for 2008! I’m already seeing pundits doing their annual year-end predictions of housing bouncing back in 2008…oh boy, the work is already starting. ;)

]]> By: JimAtLaw http://www.doctorhousingbubble.com/the-quest-for-accurate-housing-prices-three-counties-and-multiple-prices/#comment-4751 JimAtLaw Mon, 31 Dec 2007 18:58:36 +0000 http://www.doctorhousingbubble.com/the-quest-for-accurate-housing-prices-three-counties-and-multiple-prices/#comment-4751 Covered nails it - there are way more (too many more) media outlets, reporting agencies, and others with strong vested interests in maintaining illusory housing "wealth" than there are people with a microphone and the will and desire to convey the simple truth. The bubble would never have happened in the first place if there weren't a lot of people hoping to skim from its creamy top, from individual speculators, to taxing authorities (that's right, the government wants a higher proportion of your income spent on things they can tax over and over again), to Realtors, banks, and brokers who make fees based on dollar volume, to Wall Street repackagers who do the same, to media outlets that survive on REIC advertising revenue. The vast majority of those people will happily sell the rest of us and future generations to the sharks to keep whatever piece of the pie they can. Covered nails it - there are way more (too many more) media outlets, reporting agencies, and others with strong vested interests in maintaining illusory housing “wealth” than there are people with a microphone and the will and desire to convey the simple truth.

The bubble would never have happened in the first place if there weren’t a lot of people hoping to skim from its creamy top, from individual speculators, to taxing authorities (that’s right, the government wants a higher proportion of your income spent on things they can tax over and over again), to Realtors, banks, and brokers who make fees based on dollar volume, to Wall Street repackagers who do the same, to media outlets that survive on REIC advertising revenue. The vast majority of those people will happily sell the rest of us and future generations to the sharks to keep whatever piece of the pie they can.

]]> By: Carol http://www.doctorhousingbubble.com/the-quest-for-accurate-housing-prices-three-counties-and-multiple-prices/#comment-4749 Carol Mon, 31 Dec 2007 17:26:25 +0000 http://www.doctorhousingbubble.com/the-quest-for-accurate-housing-prices-three-counties-and-multiple-prices/#comment-4749 As much as our viewpoints regularly diverge, your posts are well thought out and intelligent. Thanks for the informative analysis. Your criteria for buying is very conservative and useful--even for investment purposes. Just subtract the lowest amount of rent that you can obtain from the PITI needed, plus 25% of the rent for expenses (HOA, landscaping, plumbing, unforeseen costs, etc.). The tax advantages will be the icing on the cake at the end of the year. One of the problems that I've just discovered is that buyers are still looking to falisify their loan docs in order to qualify for more than they can afford. As long as this continues on a large scale, the market will have a long-reaching decline. Overcoming Real Estate Losses http://WhineCountryRealEstate.blogspot.com/ As much as our viewpoints regularly diverge, your posts are well thought out and intelligent. Thanks for the informative analysis. Your criteria for buying is very conservative and useful–even for investment purposes. Just subtract the lowest amount of rent that you can obtain from the PITI needed, plus 25% of the rent for expenses (HOA, landscaping, plumbing, unforeseen costs, etc.). The tax advantages will be the icing on the cake at the end of the year.

One of the problems that I’ve just discovered is that buyers are still looking to falisify their loan docs in order to qualify for more than they can afford. As long as this continues on a large scale, the market will have a long-reaching decline.

Overcoming Real Estate Losses
http://WhineCountryRealEstate.blogspot.com/

]]> By: SFK http://www.doctorhousingbubble.com/the-quest-for-accurate-housing-prices-three-counties-and-multiple-prices/#comment-4742 SFK Mon, 31 Dec 2007 05:07:42 +0000 http://www.doctorhousingbubble.com/the-quest-for-accurate-housing-prices-three-counties-and-multiple-prices/#comment-4742 Great site DR HB. I use your info, among other sources to examine the state of affairs in the overall scheme(s?) of things. This whole situation was fraudulent from the beginning, but this article expains more elements of that fraud specifically with regard to how banks handled mortages fraudulently: http://www.globalanalysis.net/news/108_subprime_slide_that_masks_fraudulent_finance Great site DR HB. I use your info, among other sources to examine the state of affairs in the overall scheme(s?) of things.

This whole situation was fraudulent from the beginning, but this article expains more elements of that fraud specifically with regard to how banks handled mortages fraudulently:

http://www.globalanalysis.net/news/108_subprime_slide_that_masks_fraudulent_finance

]]> By: Richard Broadbnet http://www.doctorhousingbubble.com/the-quest-for-accurate-housing-prices-three-counties-and-multiple-prices/#comment-4722 Richard Broadbnet Sun, 30 Dec 2007 16:02:13 +0000 http://www.doctorhousingbubble.com/the-quest-for-accurate-housing-prices-three-counties-and-multiple-prices/#comment-4722 As usual, another thoughtful no-nonsense article right on the mark with good advice. Thank you. As usual, another thoughtful no-nonsense article right on the mark with good advice. Thank you.

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