Comments on: The Triple California Housing Threat: Low, Mid, and Upper Range Housing Distress Ladder. How the Housing Implosion will Spread to Higher Priced Neighborhoods. http://www.doctorhousingbubble.com/the-triple-california-housing-threat-low-mid-and-upper-range-housing-distress-ladder-how-the-housing-implosion-will-spread-to-higher-priced-neighborhoods/ How I Learned to Love Southern California and Forget the Housing Bubble Fri, 19 Mar 2010 02:14:34 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Rena http://www.doctorhousingbubble.com/the-triple-california-housing-threat-low-mid-and-upper-range-housing-distress-ladder-how-the-housing-implosion-will-spread-to-higher-priced-neighborhoods/comment-page-1/#comment-44833 Rena Thu, 04 Feb 2010 03:00:08 +0000 http://www.doctorhousingbubble.com/?p=1859#comment-44833 The previous post makes the false assumption that 100% of people renting can or want to buy. This is just not true. Why would any investor buy a property with 35% down if they were not able to collect rent that covered at least 80% of their initial investment? When it is cheaper to rent vs. buying, that is a very clear signal that we are nearing the bottom. When you see investors snatching up properties with cash, now is the time to buy. The previous post makes the false assumption that 100% of people renting can or want to buy. This is just not true. Why would any investor buy a property with 35% down if they were not able to collect rent that covered at least 80% of their initial investment? When it is cheaper to rent vs. buying, that is a very clear signal that we are nearing the bottom. When you see investors snatching up properties with cash, now is the time to buy.

]]> By: AnnS http://www.doctorhousingbubble.com/the-triple-california-housing-threat-low-mid-and-upper-range-housing-distress-ladder-how-the-housing-implosion-will-spread-to-higher-priced-neighborhoods/comment-page-1/#comment-36768 AnnS Thu, 04 Jun 2009 00:10:41 +0000 http://www.doctorhousingbubble.com/?p=1859#comment-36768 Comment by surfaddict June 2nd, 2009 at 5:28 pm Thanks AnnS, I feel sorry and sympathetic for all the teachers now….while I’m at it, the friefighters and policemen too…all in that top 10% of wage earners in the USA!!! >> In what world are police officers in the "top 10% of wage earners"? Ditto teachers, firefighters etc. I notice that you DO NOT include any statisitcal sources backing up your exaggerations. (Note: Libertarian right-wing columnists spouting off are NOT sources.) >> Our EMTs make around$15 -20 an hour. Teachers in this county makearound $35,000 -75,000 (PhD, very senior & experienced, administration etc). The deputies make around $30,000 a year. >> Hardly the $200,000 a year for a high school grad working on Wall St. http://finance.yahoo.com/career-work/article/107145/From-Ordering-Steak-and-Lobster-to-Serving-It Or the $100,000+ a year for a "financial advisor" aka Mish of Mish's Gobal Econ blog. Or the $225,000 a year for a realtor in the bubble. Or the $90,000 a year for an RN (and that is only a BA and they are not at routinely at risk of getting shot or having a burning building collapse on them.) Or the $290,000 a year for a wholesale foods marketing rep. And the list contiinues..... Comment by surfaddict
June 2nd, 2009 at 5:28 pm

Thanks AnnS, I feel sorry and sympathetic for all the teachers now….while I’m at it, the friefighters and policemen too…all in that top 10% of wage earners in the USA!!!

>>

In what world are police officers in the “top 10% of wage earners”? Ditto teachers, firefighters etc. I notice that you DO NOT include any statisitcal sources backing up your exaggerations. (Note: Libertarian right-wing columnists spouting off are NOT sources.)
>>
Our EMTs make around$15 -20 an hour. Teachers in this county makearound $35,000 -75,000 (PhD, very senior & experienced, administration etc). The deputies make around $30,000 a year.
>>

Hardly the $200,000 a year for a high school grad working on Wall St. http://finance.yahoo.com/career-work/article/107145/From-Ordering-Steak-and-Lobster-to-Serving-It Or the $100,000+ a year for a “financial advisor” aka Mish of Mish’s Gobal Econ blog. Or the $225,000 a year for a realtor in the bubble. Or the $90,000 a year for an RN (and that is only a BA and they are not at routinely at risk of getting shot or having a burning building collapse on them.) Or the $290,000 a year for a wholesale foods marketing rep. And the list contiinues…..

]]> By: Alberto http://www.doctorhousingbubble.com/the-triple-california-housing-threat-low-mid-and-upper-range-housing-distress-ladder-how-the-housing-implosion-will-spread-to-higher-priced-neighborhoods/comment-page-1/#comment-36623 Alberto Wed, 03 Jun 2009 03:20:56 +0000 http://www.doctorhousingbubble.com/?p=1859#comment-36623 @blutown ...Damn...you know, one time I left 9 trillion dollars in my pants pocket and I just forgot all about it. You know, it happens. They should just quit picking on the Fed. They all seem like real nice folks...gotta go, I got some green shoots cooking on the stove... @blutown

…Damn…you know, one time I left 9 trillion dollars in my pants pocket and I just forgot all about it. You know, it happens. They should just quit picking on the Fed. They all seem like real nice folks…gotta go, I got some green shoots cooking on the stove…

]]> By: Ms. Kukumente http://www.doctorhousingbubble.com/the-triple-california-housing-threat-low-mid-and-upper-range-housing-distress-ladder-how-the-housing-implosion-will-spread-to-higher-priced-neighborhoods/comment-page-1/#comment-36622 Ms. Kukumente Wed, 03 Jun 2009 03:08:53 +0000 http://www.doctorhousingbubble.com/?p=1859#comment-36622 Hi: Two weeks ago, I walked into an openhouse for a small two bedroom condo in Palms with a listing price of $500,000. The realtor said, "You better act quick, it's a foreclosure and the best deal on the westside!" Then another couple came in and looked all exicted about the place. At the time, I thought, maybe they are hired actors. Well, the place is still for sale. They had another open house this past weekend. I guess not everyone on the westside thinks $500,000 for a tiny condo, is a great deal. Hi:
Two weeks ago, I walked into an openhouse for a small two bedroom condo in Palms with a listing price of $500,000. The realtor said, “You better act quick, it’s a foreclosure and the best deal on the westside!” Then another couple came in and looked all exicted about the place. At the time, I thought, maybe they are hired actors.
Well, the place is still for sale. They had another open house this past weekend.
I guess not everyone on the westside thinks $500,000 for a tiny condo, is a great deal.

]]> By: surfaddict http://www.doctorhousingbubble.com/the-triple-california-housing-threat-low-mid-and-upper-range-housing-distress-ladder-how-the-housing-implosion-will-spread-to-higher-priced-neighborhoods/comment-page-1/#comment-36618 surfaddict Wed, 03 Jun 2009 00:28:28 +0000 http://www.doctorhousingbubble.com/?p=1859#comment-36618 Thanks AnnS, I feel sorry and sympathetic for all the teachers now....while I'm at it, the friefighters and policemen too...all in that top 10% of wage earners in the USA!!! Thanks AnnS, I feel sorry and sympathetic for all the teachers now….while I’m at it, the friefighters and policemen too…all in that top 10% of wage earners in the USA!!!

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