San Diego Housing Bubble News and Analysis

I just traded my new hobby for television. I have watched about three hours of T.V. in the past two months. The hour or so a day that I devote to my self education replaced two to three hours of television, so actually I have had more free time and my brain seems to be working better since I unplugged from the matrix.

in 2006 I spent 5-7 hours a day on my old site. Last night (Saturday night) I was such a party animal I finished my new video.. I have no problems lol

http://www.youtube.com/watch?v=lEj80hTVH...

Hawk, love the new vid, it's probably your best that I've seen because it moves quick and combines a few different elements, well done. That guy in the end from San Simeon, I love San Simeon and Cambria, was that 145 for a house or just a lot., I would have never thought prices would ever fall there, even forbes said a year ago that it was one of the places that is immune to the fall in prices, guess they were wrong. It's one of the most beautiful places on the planet and it takes a decade (literally) to get a building permit because of the water/sewer/envronmental protection issues. When you see the ads for lots, it's place in line for a water/sewer permit is always listed and the price is based on the spot in line, not the location or size, it's amazing.

Ha-ha. Daisy you are spot on. I am now addicted to these darn bubble blogs too. I tell myself the age old alcoholic line that I will be able to quit whenever I want, after I finally buy a house anyway. :)

Lately, for distraction, I like to go to open houses on Sundays and tease the realtors. It's great when they ask me things like, "so do you plan to buy in the next few weeks?" and I reply, "Oh no, I plan to buy next year, or in 2009." Usually I just get stunned silence.

Ok, it's almost 1PM...

Time to go make the rounds in the 1-4PM open houses.

Temeculaguy they were nice 3bdrm townhomes from the builder. Here is the whole story :) Florida not near the castle lol.

http://www.youtube.com/watch?v=10WoQZKZkNs

OCRenter updated San Diego inventory numbers last night. It seems that we are at new record highs following a steep increase in the last 1 1/2 weeks.

All sellers keep calm now. There is no need to rush to exits....

http://bubbletracking.blogspot.com/

Hawk, really like the video.

Question for you: How well respected is Peter Schiff? I tried looking him up and I could not find anything substantial. I just found stuff about his father and the fact that he has been bearish on US econonmy for a long time.

The video is awesome as is, but might be even better with some quotes from some former bulls? (You do have lots of main stream media refs, so maybe not necessary).

I think he is spot on about housing. As for gold and global assets, I think everything is going down and no place is safe. I do not agree with him on everything but I do on housing and he has been right on about it. My front page paper video was good at destroying a stupid bull that was on CNBC last year.

http://www.youtube.com/watch?v=wObtE2a5Hg8

ps his brokerage has $700 million per a fox video on his site. He is extreme for me. He even said in his last radio show that some of his new accounts are down 10%. F that, I am safe 5.45% now. I am not going to risk any of my short term cash.

Id like to ad that I think he is to bearish on the dollar. Here is an email I sent to Dr. Hudson,

"I have been very bearish on our problems within housing and the economy in the last 2 years. I am in Southern California and as you know housing is a big mess out here. The area where we plan to move is gaining a foreclosure every day and they are not selling. My question is, in the podcast you stated that you are holding CD's because you do not know any other place to put it (that is my current dilema) why are you holding CD’s in US currency when you have a strong feeling that the US dollar is going to fall? I have over 100k in CD’s that will be used on a primary residence once the housing market fully corrects (crashes) and HATE risks as you do. Is it ok to have asset deflation at the same time you lose purchasing power in the other items that you will need to purchase? I just hope that holding cash will not hurt me in the end."

His reply,
"Holding cash won’t hurt. So far the dollar is holding strong. Ironically, the greater the crisis, the more the flight TO the dollar from other economies. So it’s the least risky thing that I can find.
MH"

That was on 3/28/07 7:04 PM

Dr. Hudson is President of The Institute for the Study of Long-Term Economic Trends (ISLET), a Wall Street Financial Analyst, Distinguished Research Professor of Economics at the University of Missouri, Kansas City and author of "Super-Imperialism: The Economic Strategy of American Empire" (1972 and 2003)

DaisyDuke,

I pray everytime I sit down to participate excessively in this blog.
"Please God let this absurd behavior constitute the entirety of my mid-life crisis.No chasing 20 year old girls, no turning gay,no piercings, nothing like that,just blogging and please have me get thru with it soon. Amen."

BuyerWillEPD,

OMG! I exactly do the same thing.. housing bubble blogging became a part of me since '05.I just recently joined this group and loved all the commentaries and advises. I do read a lot of Ben Jones'- The Housing Bubble Blog.

Keep it going everybody!

Hawk, thanks for info and the video.

I have a few people I'd like to send that to. :)

Sorry for the typing error . . . it should have said "Weeks" ago not seeks ago . . .

Maybe that was a Freudian slip related to my housing search?

Niiiiice video Waiting Hawk! I love the products of your addiction.

DD