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DeepModem Mom (1000+ posts) Send PM | Profile | Ignore | Wed Dec-08-04 04:59 AM Original message |
LAT: California, U.S. in a Housing "Bubble," UCLA Forecast Says |
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ecstatic (1000+ posts) Send PM | Profile | Ignore | Wed Dec-08-04 05:35 AM Response to Original message |
1. I'm in the process of buying a home |
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Pulse (7 posts) Send PM | Profile | Ignore | Wed Dec-08-04 05:49 AM Response to Reply #1 |
2. Housing bubble |
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ckramer (1000+ posts) Send PM | Profile | Ignore | Wed Dec-08-04 11:27 AM Response to Reply #2 |
10. Thanks for the link. |
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WCGreen (1000+ posts) Send PM | Profile | Ignore | Wed Dec-08-04 05:59 AM Response to Reply #1 |
3. The best place to id a bubble area is look at how fast the valuation |
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Gregorian (1000+ posts) Send PM | Profile | Ignore | Wed Dec-08-04 07:40 PM Response to Reply #1 |
39. I just put my house up for sale today. |
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The Backlash Cometh (1000+ posts) Send PM | Profile | Ignore | Wed Dec-08-04 07:26 AM Response to Original message |
4. If you're in a housing bubble that affects construction of new |
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KingChicken (814 posts) Send PM | Profile | Ignore | Wed Dec-08-04 07:33 AM Response to Original message |
5. Housing bubble is indicitave of an unsustainable market value |
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fertilizeonarbusto (1000+ posts) Send PM | Profile | Ignore | Wed Dec-08-04 12:03 PM Response to Reply #5 |
13. No, it can't |
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LibDemAlways (1000+ posts) Send PM | Profile | Ignore | Wed Dec-08-04 09:19 AM Response to Original message |
6. When the bubble bursts here in So. Cal |
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yorkiemommie1 (1000+ posts) Send PM | Profile | Ignore | Wed Dec-08-04 09:27 AM Response to Reply #6 |
7. i'm in south bay |
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Megahurtz (1000+ posts) Send PM | Profile | Ignore | Wed Dec-08-04 01:18 PM Response to Reply #7 |
18. Good God, |
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yorkiemommie1 (1000+ posts) Send PM | Profile | Ignore | Wed Dec-08-04 09:17 PM Response to Reply #18 |
45. the company that bought the mall here wanted to build |
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nothingshocksmeanymore (1000+ posts) Send PM | Profile | Ignore | Wed Dec-08-04 10:52 AM Response to Reply #6 |
8. Lots of people paying interest only..it's the hot product at B of A |
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yorkiemommie1 (1000+ posts) Send PM | Profile | Ignore | Wed Dec-08-04 09:19 PM Response to Reply #8 |
46. that's how it is here in my neighborhood |
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SKKY (1000+ posts) Send PM | Profile | Ignore | Wed Dec-08-04 04:01 PM Response to Reply #6 |
28. You must be talking about San Diego... |
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neuvocat (1000+ posts) Send PM | Profile | Ignore | Wed Dec-08-04 07:35 PM Response to Reply #28 |
38. So does that mean the prices will go up? |
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SKKY (1000+ posts) Send PM | Profile | Ignore | Wed Dec-08-04 09:01 PM Response to Reply #38 |
42. Well, I would think it would be just the oposite... |
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nothingshocksmeanymore (1000+ posts) Send PM | Profile | Ignore | Wed Dec-08-04 09:03 PM Response to Reply #38 |
43. I'm predicting at least a 20% collapse and my friend in banking |
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rustydad (753 posts) Send PM | Profile | Ignore | Wed Dec-08-04 11:01 AM Response to Original message |
9. My first house |
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ckramer (1000+ posts) Send PM | Profile | Ignore | Wed Dec-08-04 11:28 AM Response to Reply #9 |
11. Wow, don't you wish you could keep the house til today? |
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Tracer (1000+ posts) Send PM | Profile | Ignore | Wed Dec-08-04 11:34 AM Response to Reply #11 |
12. Not really! |
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SoCalDem (1000+ posts) Send PM | Profile | Ignore | Wed Dec-08-04 01:19 PM Response to Reply #12 |
19. The only way to "cash out" in California |
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Megahurtz (1000+ posts) Send PM | Profile | Ignore | Wed Dec-08-04 01:41 PM Response to Reply #19 |
21. I agree |
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One_of_8 (289 posts) Send PM | Profile | Ignore | Wed Dec-08-04 02:04 PM Response to Reply #21 |
23. Why wouldn't you want to live in CA? |
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Megahurtz (1000+ posts) Send PM | Profile | Ignore | Wed Dec-08-04 03:34 PM Response to Reply #23 |
25. It's a zoo here |
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SoCalDem (1000+ posts) Send PM | Profile | Ignore | Wed Dec-08-04 03:55 PM Response to Reply #25 |
27. Google housing in Belen, New mexico.. (we used to live there) |
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Megahurtz (1000+ posts) Send PM | Profile | Ignore | Wed Dec-08-04 04:20 PM Response to Reply #27 |
30. Ugh, and Riverside yet? |
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not fooled (553 posts) Send PM | Profile | Ignore | Wed Dec-08-04 08:53 PM Response to Reply #27 |
41. ooh, crapside county? |
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L.A.dweller (477 posts) Send PM | Profile | Ignore | Wed Dec-08-04 05:05 PM Response to Reply #25 |
31. So Cal's population is growing |
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Megahurtz (1000+ posts) Send PM | Profile | Ignore | Wed Dec-08-04 05:26 PM Response to Reply #31 |
33. I think heading North is |
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not fooled (553 posts) Send PM | Profile | Ignore | Wed Dec-08-04 08:51 PM Response to Reply #25 |
40. yeah, unfortunately, now with the boobengrabber in charge... |
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SKKY (1000+ posts) Send PM | Profile | Ignore | Wed Dec-08-04 09:07 PM Response to Reply #23 |
44. 120K for a Mobile Home???? |
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yorkiemommie1 (1000+ posts) Send PM | Profile | Ignore | Wed Dec-08-04 09:30 PM Response to Reply #44 |
47. i think my friend paid more here in socal beach area |
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PurityOfEssence (1000+ posts) Send PM | Profile | Ignore | Wed Dec-08-04 12:09 PM Response to Original message |
14. I'd bet the L.A. area is in for more of a deflation than a pop |
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Bono71 (1000+ posts) Send PM | Profile | Ignore | Wed Dec-08-04 12:14 PM Response to Original message |
15. A developer I know in San Diego just slashed prices on |
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Shakespeare (1000+ posts) Send PM | Profile | Ignore | Wed Dec-08-04 12:36 PM Response to Original message |
16. Gee, I only saw that coming two, three years ago.... |
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Bono71 (1000+ posts) Send PM | Profile | Ignore | Wed Dec-08-04 01:31 PM Response to Reply #16 |
20. They are sky high...but it certainly is not clear that they will |
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Shakespeare (1000+ posts) Send PM | Profile | Ignore | Wed Dec-08-04 02:45 PM Response to Reply #20 |
24. Um, yep....don't believe I said they would. |
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abelenkpe (1000+ posts) Send PM | Profile | Ignore | Wed Dec-08-04 04:14 PM Response to Reply #16 |
29. same here |
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Shakespeare (1000+ posts) Send PM | Profile | Ignore | Wed Dec-08-04 05:20 PM Response to Reply #29 |
32. Well, rents are already starting to go up. |
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Barkley (1000+ posts) Send PM | Profile | Ignore | Wed Dec-08-04 01:11 PM Response to Original message |
17. "Bubble Trouble" for state and local budgets. |
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Delphinus (1000+ posts) Send PM | Profile | Ignore | Wed Dec-08-04 01:44 PM Response to Original message |
22. I'm trying to sell mine |
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haele (1000+ posts) Send PM | Profile | Ignore | Wed Dec-08-04 03:48 PM Response to Reply #22 |
26. Pretty good... |
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Delphinus (1000+ posts) Send PM | Profile | Ignore | Wed Dec-08-04 05:53 PM Response to Reply #26 |
35. Thanks, Haele. |
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Bragi (1000+ posts) Send PM | Profile | Ignore | Wed Dec-08-04 05:42 PM Response to Original message |
34. Bush wants an "ownership society"... |
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ramapo (1000+ posts) Send PM | Profile | Ignore | Wed Dec-08-04 06:39 PM Response to Original message |
36. North Jersey's not much better |
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lovuian (1000+ posts) Send PM | Profile | Ignore | Wed Dec-08-04 07:25 PM Response to Original message |
37. When people are out of work they can't buy 600,000 homes |
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