http://www.socalbubble.com/2008/05/california-foreclosures-are-ramping.html Southern California is Experiencing a Real Estate Bubble like never before Thu, 09 Sep 2010 03:22:43 -0700 hourly 1 http://wordpress.org/?v=3.0.1 http://www.socalbubble.com/2008/05/california-foreclosures-are-ramping.html/comment-page-1#comment-61307 Jes Mon, 02 Jun 2008 22:12:30 +0000 http://www.socalbubble.com/2008/05/california-foreclosures-are-ramping.html#comment-61307 Love the article today--fascinating stats. I do have a bone to pick with ya, though--this "Angry Renter" thing is a Dick Armey/Steve Forbes (yeah, that Forbes) gig. They care about renters about as much as Citibank does. They don't want a bailout for reasons of their own. The fact that renters are reasonably ticked off about the bailout is just a happy circumstance for them, as it allows them a way to tap into popular support. But they're being slimy with Angry Renters.com, acting as if their site was sprung up from the hearts and minds of ordinary Joes. It ain't. Unless you think multi-millionaires are ordinary Joes. Love the article today–fascinating stats.
I do have a bone to pick with ya, though–this “Angry Renter” thing is a Dick Armey/Steve Forbes (yeah, that Forbes) gig. They care about renters about as much as Citibank does. They don’t want a bailout for reasons of their own. The fact that renters are reasonably ticked off about the bailout is just a happy circumstance for them, as it allows them a way to tap into popular support. But they’re being slimy with Angry Renters.com, acting as if their site was sprung up from the hearts and minds of ordinary Joes. It ain’t. Unless you think multi-millionaires are ordinary Joes.

]]> http://www.socalbubble.com/2008/05/california-foreclosures-are-ramping.html/comment-page-1#comment-59540 California Kid Fri, 16 May 2008 03:31:15 +0000 http://www.socalbubble.com/2008/05/california-foreclosures-are-ramping.html#comment-59540 Bring it on!! At this pace, we will probably look a lot like the neighborhoods in the RoboCop movie in Detroit. It's not looking good for many in the Inland Empire area. Just saw a co-workers house in Fontana that they purchased last year drop nearly 20% in the last few months..... appears they are about $100,000 upside down now? The next test will be the responsibility of those who are under water and if they stay the course...based on the current events, I suspect many will bail since a home is suppose to build wealth over time and many are not seeing much future in building negative wealth. Bring it on!! At this pace, we will probably look a lot like the neighborhoods in the RoboCop movie in Detroit. It’s not looking good for many in the Inland Empire area. Just saw a co-workers house in Fontana that they purchased last year drop nearly 20% in the last few months….. appears they are about $100,000 upside down now? The next test will be the responsibility of those who are under water and if they stay the course…based on the current events, I suspect many will bail since a home is suppose to build wealth over time and many are not seeing much future in building negative wealth.

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