Comments on: It’s the Equity, Stupid http://www.socalbubble.com/2008/02/its-the-equity-stupid.html Southern California is Experiencing a Real Estate Bubble like never before Fri, 04 Feb 2011 01:16:46 -0700 hourly 1 http://wordpress.org/?v=3.1 By: calwatch http://www.socalbubble.com/2008/02/its-the-equity-stupid.html/comment-page-1#comment-45770 calwatch Sat, 01 Mar 2008 05:28:30 +0000 http://www.socalbubble.com/2008/02/its-the-equity-stupid.html#comment-45770 It depends where Mr. Jimenez bought them. He could to well selling them in ten years, but the problem is that many parts of Las Vegas have slums rivaling that of Los Angeles (although not anywhere near as violent, but a lot worse looking). If he can service all of the properties and can hang in there for five years, he should be able to make a decent profit again. It depends where Mr. Jimenez bought them. He could to well selling them in ten years, but the problem is that many parts of Las Vegas have slums rivaling that of Los Angeles (although not anywhere near as violent, but a lot worse looking). If he can service all of the properties and can hang in there for five years, he should be able to make a decent profit again.

]]> By: scmorpheus http://www.socalbubble.com/2008/02/its-the-equity-stupid.html/comment-page-1#comment-45249 scmorpheus Wed, 27 Feb 2008 04:20:43 +0000 http://www.socalbubble.com/2008/02/its-the-equity-stupid.html#comment-45249 I dunno, $100K condos in a major city doesn't sound like a "falling knife" to me. Then again, I live in north Los Angeles county where the median household gross income is well over $100K. I would kill even for a decent $300K condo in my town. Which still doesn't exist. What are we expecting... real estate dropping to the price of cars? Like $50,000 for a condo? $100K properties means you probably need a gross income of $25-35K to afford it. That's about minimum wage. Median household income in Las Vegas is probably, what, $45-50K? I dunno, $100K condos in a major city doesn’t sound like a “falling knife” to me. Then again, I live in north Los Angeles county where the median household gross income is well over $100K. I would kill even for a decent $300K condo in my town. Which still doesn’t exist.

What are we expecting… real estate dropping to the price of cars? Like $50,000 for a condo? $100K properties means you probably need a gross income of $25-35K to afford it. That’s about minimum wage. Median household income in Las Vegas is probably, what, $45-50K?

]]> By: kevincw01 http://www.socalbubble.com/2008/02/its-the-equity-stupid.html/comment-page-1#comment-45042 kevincw01 Tue, 26 Feb 2008 06:44:28 +0000 http://www.socalbubble.com/2008/02/its-the-equity-stupid.html#comment-45042 "californicators" makes me laugh. As for Jimenez and his $355k of purchases...I think he jumped the gun. I've noticed a purchase increase since the recent rate drop. I expect the realtors and talking heads to jump at the chance to report it when the stats roll in next quarter. Unfortunately for them it'll be followed by even more declining quarters afterwards. “californicators” makes me laugh. As for Jimenez and his $355k of purchases…I think he jumped the gun. I’ve noticed a purchase increase since the recent rate drop. I expect the realtors and talking heads to jump at the chance to report it when the stats roll in next quarter. Unfortunately for them it’ll be followed by even more declining quarters afterwards.

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