- This topic has 55 replies, 9 voices, and was last updated 15 years, 3 months ago by
gold_dredger_phd.
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AuthorPosts
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November 29, 2007 at 8:08 AM #11017
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November 29, 2007 at 8:30 AM #105061
Alex_angel
ParticipantCalifornia 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.
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November 29, 2007 at 12:52 PM #105142
cr
Participant“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 206.46SF 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.
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November 29, 2007 at 1:51 PM #105166
pertinazzio
ParticipantHey 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
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November 29, 2007 at 2:11 PM #105180
4plexowner
ParticipantAlex_Angel can’t defend his pollyanna position with facts and rational logic so he has reverted to profanity and hyperbole
Makes me respect his opinion even less than I did before
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November 29, 2007 at 2:40 PM #105195
Bugs
ParticipantDuring the last bust the average rate of loss was about 5% per year, and believe me, that did plenty of damage. I’ve said this before and I’ll say it again: In RE parlance, an 8%-10% decrease in values over a single year would be a LOT of movement.
I strongly doubt we’ll exceed that rate, but then again I never thought the last run up would go as far as it did, either.
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November 29, 2007 at 2:40 PM #105283
Bugs
ParticipantDuring the last bust the average rate of loss was about 5% per year, and believe me, that did plenty of damage. I’ve said this before and I’ll say it again: In RE parlance, an 8%-10% decrease in values over a single year would be a LOT of movement.
I strongly doubt we’ll exceed that rate, but then again I never thought the last run up would go as far as it did, either.
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November 29, 2007 at 2:40 PM #105287
Bugs
ParticipantDuring the last bust the average rate of loss was about 5% per year, and believe me, that did plenty of damage. I’ve said this before and I’ll say it again: In RE parlance, an 8%-10% decrease in values over a single year would be a LOT of movement.
I strongly doubt we’ll exceed that rate, but then again I never thought the last run up would go as far as it did, either.
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November 29, 2007 at 2:40 PM #105318
Bugs
ParticipantDuring the last bust the average rate of loss was about 5% per year, and believe me, that did plenty of damage. I’ve said this before and I’ll say it again: In RE parlance, an 8%-10% decrease in values over a single year would be a LOT of movement.
I strongly doubt we’ll exceed that rate, but then again I never thought the last run up would go as far as it did, either.
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November 29, 2007 at 2:40 PM #105343
Bugs
ParticipantDuring the last bust the average rate of loss was about 5% per year, and believe me, that did plenty of damage. I’ve said this before and I’ll say it again: In RE parlance, an 8%-10% decrease in values over a single year would be a LOT of movement.
I strongly doubt we’ll exceed that rate, but then again I never thought the last run up would go as far as it did, either.
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November 29, 2007 at 2:50 PM #105200
NotCranky
ParticipantI agree with the 16% for the county next year maybe a little higher or a very little lower.
I think in 2009 the market will still be slow but volume will be higher than compared to this summer/fall by the same period of that year. Much of the fluke appreciation will have been shaken out. The areas that are affected last will be normalizing relative to location and ammenities of the surrounding areas taking the market down another 5-10%. The whole market stays relatively weak and there are perhaps still more declines for at least several years from there on out, probably not much.Disclaimer:
This is just a guess. -
November 29, 2007 at 3:06 PM #105205
NotCranky
Participant“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.”
Well I am here with my 78 ounce slurpee to tell you buddy, this is a right smart blog but the good partsnofit ain’t always the high falutin ones! Take that one about pot roast cookin real good lookin Marion fer instints. Have some fun.. the value of all these opinions is falling faster than a California condo anyhoo….sheeeeeet!
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November 29, 2007 at 3:06 PM #105294
NotCranky
Participant“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.”
Well I am here with my 78 ounce slurpee to tell you buddy, this is a right smart blog but the good partsnofit ain’t always the high falutin ones! Take that one about pot roast cookin real good lookin Marion fer instints. Have some fun.. the value of all these opinions is falling faster than a California condo anyhoo….sheeeeeet!
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November 29, 2007 at 3:06 PM #105297
NotCranky
Participant“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.”
Well I am here with my 78 ounce slurpee to tell you buddy, this is a right smart blog but the good partsnofit ain’t always the high falutin ones! Take that one about pot roast cookin real good lookin Marion fer instints. Have some fun.. the value of all these opinions is falling faster than a California condo anyhoo….sheeeeeet!
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November 29, 2007 at 3:06 PM #105328
NotCranky
Participant“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.”
Well I am here with my 78 ounce slurpee to tell you buddy, this is a right smart blog but the good partsnofit ain’t always the high falutin ones! Take that one about pot roast cookin real good lookin Marion fer instints. Have some fun.. the value of all these opinions is falling faster than a California condo anyhoo….sheeeeeet!
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November 29, 2007 at 3:06 PM #105354
NotCranky
Participant“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.”
Well I am here with my 78 ounce slurpee to tell you buddy, this is a right smart blog but the good partsnofit ain’t always the high falutin ones! Take that one about pot roast cookin real good lookin Marion fer instints. Have some fun.. the value of all these opinions is falling faster than a California condo anyhoo….sheeeeeet!
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November 29, 2007 at 3:23 PM #105220
cr
ParticipantThis article just showed up on MSN: http://articles.moneycentral.msn.com/Banking/HomebuyingGuide/HomePricesByCity.aspx?GT1=10622
Of most concern to us:
Metro area ——————————Rank-Qtr–1yr–5yr
Los Angeles-Long Beach-Glendale, CA–206 -0.53 -0.07 107.86
Santa Ana-Anaheim-Irvine, CA———-249 -1.89 -3.49 86.09
San Diego-Carlsbad-San Marcos, CA—-262 -1.85 -5.07 61.75
Riverside-San Bernardino-Ontario, CA–240 -2.25 -2.37 107.8LA and Riverside still have over 100% appreciation rates in 5 years. Still some damage to come for sure.
Not that it changes what’s happening, but the use of “metro area” seems odd. In LA they use “LA, Long Beach, Glendale” as one area. That encompasses at least 7 areas codes (213, 323, 661, 626, 310, 818, and 562 are all I can think of) probably 10x as many zip codes, and maybe 10 million people, where Wausau, WI has less than 50,000 people, and probably one Zip code.
If anything it probably masks the real damage.
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November 29, 2007 at 3:56 PM #105251
pertinazzio
Participant>>Well I am here with my 78 ounce slurpee to tell you buddy, this is a right smart blog >>
Well I agree with that…just expressin’ my opinion like everybody else.
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November 29, 2007 at 3:56 PM #105340
pertinazzio
Participant>>Well I am here with my 78 ounce slurpee to tell you buddy, this is a right smart blog >>
Well I agree with that…just expressin’ my opinion like everybody else.
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November 29, 2007 at 3:56 PM #105342
pertinazzio
Participant>>Well I am here with my 78 ounce slurpee to tell you buddy, this is a right smart blog >>
Well I agree with that…just expressin’ my opinion like everybody else.
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November 29, 2007 at 3:56 PM #105373
pertinazzio
Participant>>Well I am here with my 78 ounce slurpee to tell you buddy, this is a right smart blog >>
Well I agree with that…just expressin’ my opinion like everybody else.
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November 29, 2007 at 3:56 PM #105399
pertinazzio
Participant>>Well I am here with my 78 ounce slurpee to tell you buddy, this is a right smart blog >>
Well I agree with that…just expressin’ my opinion like everybody else.
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November 29, 2007 at 4:09 PM #105261
(former)FormerSanDiegan
ParticipantNot that it changes what’s happening, but the use of “metro area” seems odd.
Also, why San Diego-Carlsbad- San Marcos ?
Why not San Diego-Oceanside-Poway-Chula Vista ?
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November 29, 2007 at 4:09 PM #105350
(former)FormerSanDiegan
ParticipantNot that it changes what’s happening, but the use of “metro area” seems odd.
Also, why San Diego-Carlsbad- San Marcos ?
Why not San Diego-Oceanside-Poway-Chula Vista ?
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November 29, 2007 at 4:09 PM #105352
(former)FormerSanDiegan
ParticipantNot that it changes what’s happening, but the use of “metro area” seems odd.
Also, why San Diego-Carlsbad- San Marcos ?
Why not San Diego-Oceanside-Poway-Chula Vista ?
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November 29, 2007 at 4:09 PM #105384
(former)FormerSanDiegan
ParticipantNot that it changes what’s happening, but the use of “metro area” seems odd.
Also, why San Diego-Carlsbad- San Marcos ?
Why not San Diego-Oceanside-Poway-Chula Vista ?
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November 29, 2007 at 4:09 PM #105409
(former)FormerSanDiegan
ParticipantNot that it changes what’s happening, but the use of “metro area” seems odd.
Also, why San Diego-Carlsbad- San Marcos ?
Why not San Diego-Oceanside-Poway-Chula Vista ?
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November 29, 2007 at 3:23 PM #105308
cr
ParticipantThis article just showed up on MSN: http://articles.moneycentral.msn.com/Banking/HomebuyingGuide/HomePricesByCity.aspx?GT1=10622
Of most concern to us:
Metro area ——————————Rank-Qtr–1yr–5yr
Los Angeles-Long Beach-Glendale, CA–206 -0.53 -0.07 107.86
Santa Ana-Anaheim-Irvine, CA———-249 -1.89 -3.49 86.09
San Diego-Carlsbad-San Marcos, CA—-262 -1.85 -5.07 61.75
Riverside-San Bernardino-Ontario, CA–240 -2.25 -2.37 107.8LA and Riverside still have over 100% appreciation rates in 5 years. Still some damage to come for sure.
Not that it changes what’s happening, but the use of “metro area” seems odd. In LA they use “LA, Long Beach, Glendale” as one area. That encompasses at least 7 areas codes (213, 323, 661, 626, 310, 818, and 562 are all I can think of) probably 10x as many zip codes, and maybe 10 million people, where Wausau, WI has less than 50,000 people, and probably one Zip code.
If anything it probably masks the real damage.
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November 29, 2007 at 3:23 PM #105312
cr
ParticipantThis article just showed up on MSN: http://articles.moneycentral.msn.com/Banking/HomebuyingGuide/HomePricesByCity.aspx?GT1=10622
Of most concern to us:
Metro area ——————————Rank-Qtr–1yr–5yr
Los Angeles-Long Beach-Glendale, CA–206 -0.53 -0.07 107.86
Santa Ana-Anaheim-Irvine, CA———-249 -1.89 -3.49 86.09
San Diego-Carlsbad-San Marcos, CA—-262 -1.85 -5.07 61.75
Riverside-San Bernardino-Ontario, CA–240 -2.25 -2.37 107.8LA and Riverside still have over 100% appreciation rates in 5 years. Still some damage to come for sure.
Not that it changes what’s happening, but the use of “metro area” seems odd. In LA they use “LA, Long Beach, Glendale” as one area. That encompasses at least 7 areas codes (213, 323, 661, 626, 310, 818, and 562 are all I can think of) probably 10x as many zip codes, and maybe 10 million people, where Wausau, WI has less than 50,000 people, and probably one Zip code.
If anything it probably masks the real damage.
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November 29, 2007 at 3:23 PM #105344
cr
ParticipantThis article just showed up on MSN: http://articles.moneycentral.msn.com/Banking/HomebuyingGuide/HomePricesByCity.aspx?GT1=10622
Of most concern to us:
Metro area ——————————Rank-Qtr–1yr–5yr
Los Angeles-Long Beach-Glendale, CA–206 -0.53 -0.07 107.86
Santa Ana-Anaheim-Irvine, CA———-249 -1.89 -3.49 86.09
San Diego-Carlsbad-San Marcos, CA—-262 -1.85 -5.07 61.75
Riverside-San Bernardino-Ontario, CA–240 -2.25 -2.37 107.8LA and Riverside still have over 100% appreciation rates in 5 years. Still some damage to come for sure.
Not that it changes what’s happening, but the use of “metro area” seems odd. In LA they use “LA, Long Beach, Glendale” as one area. That encompasses at least 7 areas codes (213, 323, 661, 626, 310, 818, and 562 are all I can think of) probably 10x as many zip codes, and maybe 10 million people, where Wausau, WI has less than 50,000 people, and probably one Zip code.
If anything it probably masks the real damage.
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November 29, 2007 at 3:23 PM #105369
cr
ParticipantThis article just showed up on MSN: http://articles.moneycentral.msn.com/Banking/HomebuyingGuide/HomePricesByCity.aspx?GT1=10622
Of most concern to us:
Metro area ——————————Rank-Qtr–1yr–5yr
Los Angeles-Long Beach-Glendale, CA–206 -0.53 -0.07 107.86
Santa Ana-Anaheim-Irvine, CA———-249 -1.89 -3.49 86.09
San Diego-Carlsbad-San Marcos, CA—-262 -1.85 -5.07 61.75
Riverside-San Bernardino-Ontario, CA–240 -2.25 -2.37 107.8LA and Riverside still have over 100% appreciation rates in 5 years. Still some damage to come for sure.
Not that it changes what’s happening, but the use of “metro area” seems odd. In LA they use “LA, Long Beach, Glendale” as one area. That encompasses at least 7 areas codes (213, 323, 661, 626, 310, 818, and 562 are all I can think of) probably 10x as many zip codes, and maybe 10 million people, where Wausau, WI has less than 50,000 people, and probably one Zip code.
If anything it probably masks the real damage.
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November 29, 2007 at 2:50 PM #105289
NotCranky
ParticipantI agree with the 16% for the county next year maybe a little higher or a very little lower.
I think in 2009 the market will still be slow but volume will be higher than compared to this summer/fall by the same period of that year. Much of the fluke appreciation will have been shaken out. The areas that are affected last will be normalizing relative to location and ammenities of the surrounding areas taking the market down another 5-10%. The whole market stays relatively weak and there are perhaps still more declines for at least several years from there on out, probably not much.Disclaimer:
This is just a guess. -
November 29, 2007 at 2:50 PM #105292
NotCranky
ParticipantI agree with the 16% for the county next year maybe a little higher or a very little lower.
I think in 2009 the market will still be slow but volume will be higher than compared to this summer/fall by the same period of that year. Much of the fluke appreciation will have been shaken out. The areas that are affected last will be normalizing relative to location and ammenities of the surrounding areas taking the market down another 5-10%. The whole market stays relatively weak and there are perhaps still more declines for at least several years from there on out, probably not much.Disclaimer:
This is just a guess. -
November 29, 2007 at 2:50 PM #105323
NotCranky
ParticipantI agree with the 16% for the county next year maybe a little higher or a very little lower.
I think in 2009 the market will still be slow but volume will be higher than compared to this summer/fall by the same period of that year. Much of the fluke appreciation will have been shaken out. The areas that are affected last will be normalizing relative to location and ammenities of the surrounding areas taking the market down another 5-10%. The whole market stays relatively weak and there are perhaps still more declines for at least several years from there on out, probably not much.Disclaimer:
This is just a guess. -
November 29, 2007 at 2:50 PM #105349
NotCranky
ParticipantI agree with the 16% for the county next year maybe a little higher or a very little lower.
I think in 2009 the market will still be slow but volume will be higher than compared to this summer/fall by the same period of that year. Much of the fluke appreciation will have been shaken out. The areas that are affected last will be normalizing relative to location and ammenities of the surrounding areas taking the market down another 5-10%. The whole market stays relatively weak and there are perhaps still more declines for at least several years from there on out, probably not much.Disclaimer:
This is just a guess. -
November 29, 2007 at 2:11 PM #105268
4plexowner
ParticipantAlex_Angel can’t defend his pollyanna position with facts and rational logic so he has reverted to profanity and hyperbole
Makes me respect his opinion even less than I did before
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November 29, 2007 at 2:11 PM #105272
4plexowner
ParticipantAlex_Angel can’t defend his pollyanna position with facts and rational logic so he has reverted to profanity and hyperbole
Makes me respect his opinion even less than I did before
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November 29, 2007 at 2:11 PM #105305
4plexowner
ParticipantAlex_Angel can’t defend his pollyanna position with facts and rational logic so he has reverted to profanity and hyperbole
Makes me respect his opinion even less than I did before
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November 29, 2007 at 2:11 PM #105329
4plexowner
ParticipantAlex_Angel can’t defend his pollyanna position with facts and rational logic so he has reverted to profanity and hyperbole
Makes me respect his opinion even less than I did before
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November 29, 2007 at 1:51 PM #105253
pertinazzio
ParticipantHey 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
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November 29, 2007 at 1:51 PM #105257
pertinazzio
ParticipantHey 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
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November 29, 2007 at 1:51 PM #105290
pertinazzio
ParticipantHey 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
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November 29, 2007 at 1:51 PM #105314
pertinazzio
ParticipantHey 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
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November 29, 2007 at 12:52 PM #105234
cr
Participant“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 206.46SF 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.
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November 29, 2007 at 12:52 PM #105237
cr
Participant“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 206.46SF 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.
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November 29, 2007 at 12:52 PM #105270
cr
Participant“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 206.46SF 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.
-
November 29, 2007 at 12:52 PM #105293
cr
Participant“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 206.46SF 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.
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November 29, 2007 at 8:30 AM #105150
Alex_angel
ParticipantCalifornia 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.
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November 29, 2007 at 8:30 AM #105153
Alex_angel
ParticipantCalifornia 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.
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November 29, 2007 at 8:30 AM #105185
Alex_angel
ParticipantCalifornia 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.
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November 29, 2007 at 8:30 AM #105208
Alex_angel
ParticipantCalifornia 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.
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November 29, 2007 at 6:43 PM #105311
gold_dredger_phd
ParticipantThe government is going to freeze everyone’s resetting mortgage interest rates so they can stay in their homes.
Look at the Wall Street Journal’s front page article for Friday, November 30th.Poor FB’s, they need the nanny-state’s guidance and money since they cannot make it on their own.
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November 29, 2007 at 6:43 PM #105400
gold_dredger_phd
ParticipantThe government is going to freeze everyone’s resetting mortgage interest rates so they can stay in their homes.
Look at the Wall Street Journal’s front page article for Friday, November 30th.Poor FB’s, they need the nanny-state’s guidance and money since they cannot make it on their own.
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November 29, 2007 at 6:43 PM #105402
gold_dredger_phd
ParticipantThe government is going to freeze everyone’s resetting mortgage interest rates so they can stay in their homes.
Look at the Wall Street Journal’s front page article for Friday, November 30th.Poor FB’s, they need the nanny-state’s guidance and money since they cannot make it on their own.
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November 29, 2007 at 6:43 PM #105434
gold_dredger_phd
ParticipantThe government is going to freeze everyone’s resetting mortgage interest rates so they can stay in their homes.
Look at the Wall Street Journal’s front page article for Friday, November 30th.Poor FB’s, they need the nanny-state’s guidance and money since they cannot make it on their own.
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November 29, 2007 at 6:43 PM #105458
gold_dredger_phd
ParticipantThe government is going to freeze everyone’s resetting mortgage interest rates so they can stay in their homes.
Look at the Wall Street Journal’s front page article for Friday, November 30th.Poor FB’s, they need the nanny-state’s guidance and money since they cannot make it on their own.
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