5-1-09: Once again, Rich’s latest chart reminded me of ol’ Scruffy dog’s call to shut down this website. This makes me smile everytime.
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Ok folks! With the release of Rich’s December home prices chart it’s a good time to revisit an old post. Also, it has been exactly 6 months since I cached this infamous post by Scruffy Dog and my response to it.
As I promised, here it is. Be gentle and enjoy. 🙂
Housing & economy doing great…shut down this site!
User Forum Topic
Submitted by scruffydog on July 3, 2007 – 1:32pm.
Unfortunately many of you missed out on the last real estate boom. Now you spend your time on this site hoping that real estate or the economy will crash so you can buy in. Sorry, not going to happen. Piggington now appears to have reverted to a religious / political debate site. Is it because you are now beginning to realize the real estate collapse will not happen and you have nothing else to write about?
Real Estate
Minimal RE downturn in CA is limited to areas where there was land to build new houses: ie San Diego, Sacramento, and Riverside county areas. Metro LA, Orange county is all built out – very little land left to build on. LA median is up ~ 6% yoy, average cost of home is up $50k. Also coastal property prices are setting new high price records weekly!
Economy
Almost any day of the week, any time of the day I have a difficult time finding parking spaces at stores or malls because there are so many people out spending money. I’ve noticed some stores can’t keep items stocked on their shelves fast enough because they are so busy (Target, Trader Joes). I let my Costco membership expire because the store is ALWAYS so crowded with shoppers I couldn’t deal with it.
Stock market is crankin’…unemployment low…low interest rates…truly a Goldilocks economy! Quit whining…oh and don’t be late with your rent payment to your landlord.
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My Response:
Oh dear God! Somebody
Submitted by BuyerWillEPB on July 3, 2007 – 4:47pm.
Oh dear God! Somebody PLEASE cache this fools post.
We absolutely MUST check back on this one in 6 months to a year from now.
