Comments on: The crash is in – Chuck is Out http://www.socalbubble.com/2008/10/the-crash-is-in-chuck-is-out.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: Uruguay Property http://www.socalbubble.com/2008/10/the-crash-is-in-chuck-is-out.html/comment-page-1#comment-71285 Uruguay Property Fri, 24 Oct 2008 04:07:54 +0000 http://www.socalbubble.com/2008/10/the-crash-is-in-chuck-is-out.html#comment-71285 Your opinion about the market is right. Your opinion about the market is right.

]]> By: Howard Gibson http://www.socalbubble.com/2008/10/the-crash-is-in-chuck-is-out.html/comment-page-1#comment-70994 Howard Gibson Mon, 20 Oct 2008 14:44:10 +0000 http://www.socalbubble.com/2008/10/the-crash-is-in-chuck-is-out.html#comment-70994 Panic is good, but will people wake up. The crash of CDS (Credit Derivative Swaps) and such has made a hole at AIG insurance already. More at http;//realestatecrash.blogspot.com Panic is good, but will people wake up. The crash of CDS (Credit Derivative Swaps) and such has made a hole at AIG insurance already. More at http;//realestatecrash.blogspot.com

]]> By: Sam http://www.socalbubble.com/2008/10/the-crash-is-in-chuck-is-out.html/comment-page-1#comment-70612 Sam Thu, 16 Oct 2008 21:12:24 +0000 http://www.socalbubble.com/2008/10/the-crash-is-in-chuck-is-out.html#comment-70612 Let us not forget to give credit to the industry who single handedly initiated this global mess we are in today. The real-estate industry. If you were one of the home buyers in the past 8-9 years, you probably heard these words over and over again “buy now, buy now, buy now” “prices will go up, and up and up, buy now”. Here in California, they created bidding wars over houses. They had nothing to lose and everything to gain. I bought my house in 2000, and then sold it because of a divorce in 2007 for more than double the price. My ex and I were flabbergasted that our house was being sold for that much! Why? Salaries didn’t double, cost of living didn’t go down, the economy is not in great shape. The average house hold income in southern California is still way below the mean home value! The scariest thing is that they are doing it again. “Buy now” “prices won’t go down any more” “now that the government passed the bill, people will have a home-buying frenzy” “buy now”. Thank God, the banks are not falling for it this time and repeating their mistakes. So, I beg the real-estate industry. Please don’t put the world in a worse financial situation than it is in right now. Let us not forget to give credit to the industry who single handedly initiated this global mess we are in today. The real-estate industry. If you were one of the home buyers in the past 8-9 years, you probably heard these words over and over again “buy now, buy now, buy now” “prices will go up, and up and up, buy now”. Here in California, they created bidding wars over houses. They had nothing to lose and everything to gain.

I bought my house in 2000, and then sold it because of a divorce in 2007 for more than double the price. My ex and I were flabbergasted that our house was being sold for that much! Why? Salaries didn’t double, cost of living didn’t go down, the economy is not in great shape. The average house hold income in southern California is still way below the mean home value!

The scariest thing is that they are doing it again. “Buy now” “prices won’t go down any more” “now that the government passed the bill, people will have a home-buying frenzy” “buy now”.

Thank God, the banks are not falling for it this time and repeating their mistakes.

So, I beg the real-estate industry. Please don’t put the world in a worse financial situation than it is in right now.

]]> By: kevin http://www.socalbubble.com/2008/10/the-crash-is-in-chuck-is-out.html/comment-page-1#comment-70552 kevin Thu, 16 Oct 2008 01:22:08 +0000 http://www.socalbubble.com/2008/10/the-crash-is-in-chuck-is-out.html#comment-70552 Yeah, $840B is a lot but look at how much its helping....oh wait. Yeah, $840B is a lot but look at how much its helping….oh wait.

]]> By: garbler http://www.socalbubble.com/2008/10/the-crash-is-in-chuck-is-out.html/comment-page-1#comment-70022 garbler Fri, 10 Oct 2008 18:50:45 +0000 http://www.socalbubble.com/2008/10/the-crash-is-in-chuck-is-out.html#comment-70022 Correction - $840,000,000,000 Correction – $840,000,000,000

]]> By: Chuck Ponzi http://www.socalbubble.com/2008/10/the-crash-is-in-chuck-is-out.html/comment-page-1#comment-69957 Chuck Ponzi Fri, 10 Oct 2008 03:48:04 +0000 http://www.socalbubble.com/2008/10/the-crash-is-in-chuck-is-out.html#comment-69957 I like PFE and GE. I own GE, and will buy PFE on my return. I like the yields and solid companies. GE has some issues with the financing arm that could make it more volatile. My limited internet here leaves something to be desired. I think this is the last out of the country trip during a major crash. Chuck I like PFE and GE.

I own GE, and will buy PFE on my return.

I like the yields and solid companies. GE has some issues with the financing arm that could make it more volatile.

My limited internet here leaves something to be desired. I think this is the last out of the country trip during a major crash.

Chuck

]]> By: Brad_Davidson http://www.socalbubble.com/2008/10/the-crash-is-in-chuck-is-out.html/comment-page-1#comment-69947 Brad_Davidson Fri, 10 Oct 2008 00:33:15 +0000 http://www.socalbubble.com/2008/10/the-crash-is-in-chuck-is-out.html#comment-69947 HELP AROUND THE CORNER!!!! That's the help we're getting from the boondoggle bailout bill the crooks in Washington passed. Our $700,000,000,000 is going to bailout banks and people they loaned to who overpaid for their homes, or refinanced to the hilt, get their loans re-set at 90% of todays appraised value. HELP AROUND THE CORNER!!!!

That’s the help we’re getting from the boondoggle bailout bill the crooks in Washington passed. Our $700,000,000,000 is going to bailout banks and people they loaned to who overpaid for their homes, or refinanced to the hilt, get their loans re-set at 90% of todays appraised value.

]]> By: BH in California http://www.socalbubble.com/2008/10/the-crash-is-in-chuck-is-out.html/comment-page-1#comment-69940 BH in California Thu, 09 Oct 2008 22:34:58 +0000 http://www.socalbubble.com/2008/10/the-crash-is-in-chuck-is-out.html#comment-69940 Care to share some stock plays in this season of panic? Preferably long term plays. Care to share some stock plays in this season of panic? Preferably long term plays.

]]> By: Trish http://www.socalbubble.com/2008/10/the-crash-is-in-chuck-is-out.html/comment-page-1#comment-69939 Trish Thu, 09 Oct 2008 22:33:09 +0000 http://www.socalbubble.com/2008/10/the-crash-is-in-chuck-is-out.html#comment-69939 There may be some <a href="http://www.newhomessection.com/blog/real-estate/hope-for-homeowners-act-of-2008-%E2%80%93-whats-at-stake/" rel="nofollow">help</a> right around the corner! There may be some help right around the corner!

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