California is a big state with a lot of people. So wtf does the article have to say? Places that are 150 miles inland that are selling homes at the same price as cities near the coast will go down, no doubt. Places like SF, the Bay area in general which were already high are still going up. Shitholes like Riverside county, San Bernardino should be worth 75% less than current value. San Diego was always underpriced. Its not worth today’s prices, but the 2001 prices were low compared to other areas in California.

California is a big state with a lot of people. So wtf does the article have to say? Places that are 150 miles inland that are selling homes at the same price as cities near the coast will go down, no doubt. Places like SF, the Bay area in general which were already high are still going up. Shitholes like Riverside county, San Bernardino should be worth 75% less than current value. San Diego was always underpriced. Its not worth today’s prices, but the 2001 prices were low compared to other areas in California.

“California is a big state with a lot of people. So wtf does the article have to say?”

It says “A U.S. Conference of Mayors report predicted a 16% decline for California home prices in 2008.”

And you’re wrong about SF:

Here’s the last 6 months of data as a percentage of 2000 from Case Schiller, all DOWN:

April 2007 211.47
May 2007 210.89
June 2007 209.48
July 2007 208.64
August 2007 208.15
September 2007 206.46

SF has had a NET 5% decrease since May of 2006. It may not be much, but there goes the Super City theory.

By 2009 I expect a NET drop from the peak of 25-30%. There will be ups and downs the whole way, but it will continue for at least 5 more years.

“California is a big state with a lot of people. So wtf does the article have to say?”

It says “A U.S. Conference of Mayors report predicted a 16% decline for California home prices in 2008.”

And you’re wrong about SF:

Here’s the last 6 months of data as a percentage of 2000 from Case Schiller, all DOWN:

April 2007 211.47
May 2007 210.89
June 2007 209.48
July 2007 208.64
August 2007 208.15
September 2007 206.46

SF has had a NET 5% decrease since May of 2006. It may not be much, but there goes the Super City theory.

By 2009 I expect a NET drop from the peak of 25-30%. There will be ups and downs the whole way, but it will continue for at least 5 more years.

“California is a big state with a lot of people. So wtf does the article have to say?”

It says “A U.S. Conference of Mayors report predicted a 16% decline for California home prices in 2008.”

And you’re wrong about SF:

Here’s the last 6 months of data as a percentage of 2000 from Case Schiller, all DOWN:

April 2007 211.47
May 2007 210.89
June 2007 209.48
July 2007 208.64
August 2007 208.15
September 2007 206.46

SF has had a NET 5% decrease since May of 2006. It may not be much, but there goes the Super City theory.

By 2009 I expect a NET drop from the peak of 25-30%. There will be ups and downs the whole way, but it will continue for at least 5 more years.

Hey everybody

“California is a big state with a lot of people. So wtf does the article have to say?”

Angel, can you please explain that abbreviation? As I am not up on all the technical jargon.

QUOTE Shitholes like Riverside county, San Bernardino should be worth 75% less than current value. QUOTE

Please!! Scatological rhetoric is simply offensive and not worthy of you, Alex. I thought that this group would not be so pedestrian, so utterly ordinary that I would be reading commentary no more elevated than what we can hear among the bags of bones populating any 7-11 entrance. Shouldn’t this forum be striving for a G, or general audience, rating? Just my opinion! No offense to anyone is intended. It is just that I just don’t understand what this kind of language can add to our dialogs. Believe me, friend, it does not become you to write in such a manner!

Beatus ille qui procul negotiis … paterna rura bobus exercet suis, solutus omni fenore….. Horace

Hey everybody

“California is a big state with a lot of people. So wtf does the article have to say?”

Angel, can you please explain that abbreviation? As I am not up on all the technical jargon.

QUOTE Shitholes like Riverside county, San Bernardino should be worth 75% less than current value. QUOTE

Please!! Scatological rhetoric is simply offensive and not worthy of you, Alex. I thought that this group would not be so pedestrian, so utterly ordinary that I would be reading commentary no more elevated than what we can hear among the bags of bones populating any 7-11 entrance. Shouldn’t this forum be striving for a G, or general audience, rating? Just my opinion! No offense to anyone is intended. It is just that I just don’t understand what this kind of language can add to our dialogs. Believe me, friend, it does not become you to write in such a manner!

Beatus ille qui procul negotiis … paterna rura bobus exercet suis, solutus omni fenore….. Horace