Comments on: Housing Collapse Continuing Through 2009?

By: ed hardy

ed hardy — Mon, 30 Nov 2009 02:00:33 +0000

You will be successful.

By: KJ

KJ — Tue, 25 Nov 2008 22:36:01 +0000

As always, there’s a way to proper in this type of economy. People who are cash rich right now, like Earth Ling, are in a good spot.

By: Brian

Brian — Mon, 17 Nov 2008 07:07:55 +0000

Of course it’s going to continue. Through 2009, through 2010, through 2011. I won’t start thinking about buying until 2012.

Just Google “mortgage reset chart” and you’ll see what’s ahead of us. We’ve got a good 3.5 more years of this.

By: dafox

dafox — Thu, 30 Oct 2008 22:29:13 +0000

Sean is absolutely right.
Redfin, you guys have the data – I’d love to see a median household income vs median selling price map. if you did it by zip code that’d be super sweet!

I know here in OC, the historic median multiplier is 4.7. Currently its still over 6!
http://spreadsheets.google.com/pub?key=pGy0BQU1PZ9And2KJvInRJg

By: Earth Ling

Earth Ling — Mon, 27 Oct 2008 03:00:46 +0000

Sorry, sean.

By: Earth Ling

Earth Ling — Mon, 27 Oct 2008 03:00:17 +0000

Nothing depressing here! I’m waiting for this bubble to burst so I can buy a property with CASH I have saved up for a fat down payment. You know, the type of stuff that wasn’t in fashion before and created this double and tripling of home values in big cities that is utterly ridiculous? Fall baby fall. I’m loving seeing homes come down $150-300k in a matter of months already in LA. High five to Shawn. Anyone would be crazy to buy now, no matter what realtors say. You don’t buy at the beginning of the roller coaster down.

By: Sean

Sean — Sat, 25 Oct 2008 04:51:19 +0000

Depressing? Depressing is living in this crummy apartment another year or more because it’s still so much more expensive to buy.

I sure wish the government would stop thinking about how to keep prices artificially inflated and let the prices return to where history says they need to be. That would be the quickest way to get this mess over.

By: Arash

Arash — Thu, 23 Oct 2008 20:15:09 +0000

All I can say is that Countrywide foreclosure count has increased from 12000 to 19000 in 3 months, you figure if you want to wait for these to come on the market or you want to put an offer today.
http://countrywide-foreclosures.blogspot.com/