Who and why are the people still buying over priced real estate in southern california and san diego? How long will the madness go on for before it sinks?
We have dumbasses like George Chowderhead bragging about real estate in San Diego how its way better deal to buy and live here than in the midwest due to the good weather. The job market does not support the prices of rent and homes here.
Its called Dumb Money!! Same reason why people were investing in the NASDAQ when that bubble was so obvious. DUMB people are easy to follow the crowd, last to buy-in and first to fall off the cliff.
As for me, I am planning to build a home on my parents land for a lot less money than what a crappy 1 bedroom excuse of a condo costs here in San Diego. We need condos to drop to 65k which is all that they are worth and homes to drop to 250k. Will it happen? Who knows
Chamberlin said in the North County Times: The truth: Foreclosures are lower today than they were a year ago. Only 1.94 percent of personal loans are delinquent. And only 0.43 percent of home equity lines of credit are past due, meaning that 99.57 percent are paying the loans on time
This can’t be right…..Anybody know if this is fact?
Somebody needs to find the real facts and put chowderhead on the spot!
This fool needs a good smackdown because he is misleading a lot of people on KOGO. I wish that it would happen and reveal the truth but it looks like talk radio is bought by the real estate scammers in so cal.
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