Money.CNN on Los Angeles – From “Bubble-Proof” to “Poised to Fall”

This topic has 15 replies, 4 voices, and was last updated 15 years, 4 months ago by patientlywaiting.

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- November 18, 2007 at 2:55 PM #10933
  
  brian_in_la
  Participant
  
  Money.CNN provides an interesting example of bubble denial finally breaking. Last November (2006), they deemed Los Angeles “Bubble-Proof” – this year they are suggesting a five year decline of 24.1%. Well, they are a year late, but I suppose better late than never…
  
  http://money.cnn.com/popups/2006/biz2/newrules_bubbleproof/2.html
  
  http://money.cnn.com/galleries/2007/fortune/0711/gallery.real_estate.fortune/11.html
- November 19, 2007 at 12:13 AM #101008
  
  kev374
  Participant
  
  if they are saying 24% drop, I would put it more like 40% drop!
- November 19, 2007 at 12:13 AM #101094
  
  kev374
  Participant
  
  if they are saying 24% drop, I would put it more like 40% drop!
- November 19, 2007 at 12:13 AM #101107
  
  kev374
  Participant
  
  if they are saying 24% drop, I would put it more like 40% drop!
- November 19, 2007 at 12:13 AM #101121
  
  kev374
  Participant
  
  if they are saying 24% drop, I would put it more like 40% drop!
- November 19, 2007 at 12:13 AM #101125
  
  kev374
  Participant
  
  if they are saying 24% drop, I would put it more like 40% drop!
- November 19, 2007 at 12:04 PM #101213
  
  noone
  Participant
  
  Classic! There should have been a disclaimer:
  
  * Bubble-proofiness is measured in months not years!
  - November 19, 2007 at 12:56 PM #101233
    
    patientlywaiting
    Participant
    
    A classic for sure!
    
    I’m sure the first bubble proof story enticed a few buyers to catch the falling knife.
  - November 19, 2007 at 12:56 PM #101319
    
    patientlywaiting
    Participant
    
    A classic for sure!
    
    I’m sure the first bubble proof story enticed a few buyers to catch the falling knife.
  - November 19, 2007 at 12:56 PM #101331
    
    patientlywaiting
    Participant
    
    A classic for sure!
    
    I’m sure the first bubble proof story enticed a few buyers to catch the falling knife.
  - November 19, 2007 at 12:56 PM #101347
    
    patientlywaiting
    Participant
    
    A classic for sure!
    
    I’m sure the first bubble proof story enticed a few buyers to catch the falling knife.
  - November 19, 2007 at 12:56 PM #101375
    
    patientlywaiting
    Participant
    
    A classic for sure!
    
    I’m sure the first bubble proof story enticed a few buyers to catch the falling knife.
- November 19, 2007 at 12:04 PM #101300
  
  noone
  Participant
  
  Classic! There should have been a disclaimer:
  
  * Bubble-proofiness is measured in months not years!
- November 19, 2007 at 12:04 PM #101312
  
  noone
  Participant
  
  Classic! There should have been a disclaimer:
  
  * Bubble-proofiness is measured in months not years!
- November 19, 2007 at 12:04 PM #101328
  
  noone
  Participant
  
  Classic! There should have been a disclaimer:
  
  * Bubble-proofiness is measured in months not years!
- November 19, 2007 at 12:04 PM #101355
  
  noone
  Participant
  
  Classic! There should have been a disclaimer:
  
  * Bubble-proofiness is measured in months not years!
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