Comments on: Welcome 2008, SCREBC Blog Style

By: thearcadian

thearcadian — Tue, 22 Jan 2008 20:26:45 +0000

Found this site through irvinehousingblog.com and looking forward to your 2008 predictions. With more and more articles on a ‘possible’ recession coming upon, 2008 looks very gloomy.

By: dave

dave — Tue, 22 Jan 2008 02:10:05 +0000

I’ve been following the housing bubble situation closely and was inspired to write a song. You can see the video here:

http://www.youtube.com/watch?v=Ivp4YqGCI-s

By: Jamison

Jamison — Sun, 20 Jan 2008 15:48:48 +0000

Well I wish they just pop that darn balloon. I’m tired of waiting for people to come to the realization that their home is not worth whatever they happened to refinance at.

By: SheilaMcDaniel

SheilaMcDaniel — Sat, 19 Jan 2008 18:46:09 +0000

I have to agree…the bottom isn’t here yet. I don’t think the bubble is/was going to deflate like so many thought – it’s more like a slow letting of air out of a balloon.

By: Chuck Ponzi

Chuck Ponzi — Fri, 18 Jan 2008 18:50:12 +0000

You’re kidding, right?

Explain the link between government spending and a consumer recession?

If anything, wars typically stimulate economic activity, not suppress it. The housing bubble was the biggest story of the century.

Chuck Ponzi

By: Mac

Mac — Fri, 18 Jan 2008 05:25:03 +0000

Grrenspan warned Pres. Bush about what would happen with the economy if we went to war – Why does everyone point their finger at Greenspan for the Housing market – the war has been the drain on the economy – the housing market just put it over the edge.

LMc

By: waiting

waiting — Thu, 17 Jan 2008 18:33:33 +0000

Saw this at Zillow last night and thought others monitoring the market would be interested to know a 2/1 home, not apartment, sold in Santa Monica for only $250K last month. Zillow estimated it at over $900K.

It’s in Santa Monica and I’m wondering what’s wrong with it, other than it being located right by the 10.

http://www.zillow.com/Charts.h.....d=20471236

By: Dan

Dan — Wed, 16 Jan 2008 23:56:19 +0000

Keep up the good work!

I only have a job & wife & 2 kids (of course the job pushes 70 hours/wk at times) but I can’t imagine having the energy to research & write a blog!

And I agree, 2008 will not be the bottom. This sucker is going to be prolonged and excruciating. Remember the Clubber Lang line from Rocky 3? “My prediction? PAIN!”