16% decline expected in California in 2008

[pertinazzio]

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

[4plexowner]

Alex_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

[4plexowner]

Alex_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

[4plexowner]

Alex_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

[4plexowner]

Alex_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

[4plexowner]

Alex_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

[Bugs]

During 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.

[Bugs]

During 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.

[Bugs]

During 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.

[Bugs]

During 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.

[Bugs]

During 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.

[NotCranky]

I 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.

[NotCranky]

I 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.

[NotCranky]

I 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.

[NotCranky]

I 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.

[Author]

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