http://www.socalbubble.com/2009/05/more-mortgage-meltdown.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 http://www.socalbubble.com/2009/05/more-mortgage-meltdown.html/comment-page-1#comment-89016 rubyinparadise Sun, 14 Jun 2009 18:02:37 +0000 http://www.socalbubble.com/?p=658#comment-89016 Thank you thank you thank you for writing this blog. I am in escrow on a mid-500k range home and have decided to back out, after reading through this blog and drhousingbubble.com. I've decided instead to continue renting and saving for another 1-2 years. Since I don't intend to live in California for more than 10 years, buying at the absolute bottom of the market is important to me. Thank you for convincing me to wait. Thank you thank you thank you for writing this blog. I am in escrow on a mid-500k range home and have decided to back out, after reading through this blog and drhousingbubble.com. I’ve decided instead to continue renting and saving for another 1-2 years. Since I don’t intend to live in California for more than 10 years, buying at the absolute bottom of the market is important to me. Thank you for convincing me to wait.

]]> http://www.socalbubble.com/2009/05/more-mortgage-meltdown.html/comment-page-1#comment-88056 California Kid Mon, 01 Jun 2009 06:10:38 +0000 http://www.socalbubble.com/?p=658#comment-88056 Again, thanks for all your insight on this matter. I've called on a few short sale situations only to find the realtors still playing their games. When I questioned them about the so called multiple offers, I asked why would one be paying these prices on a distressed property when I could go down a few houses and buy the same without the headaches...... they could not give a reasonable response.... your right, the current economic situation is only going to put futher pressure on this market. From what I've gathered also, the market will suffer additional downward price adjustments and will never see the days of 2005/2006. Wait a while longer and then see how this all unfolds... especailly with GM hitting the skids this week. It will have some impact indirectly thorughout the country..... Again, thanks for all your insight on this matter. I’ve called on a few short sale situations only to find the realtors still playing their games. When I questioned them about the so called multiple offers, I asked why would one be paying these prices on a distressed property when I could go down a few houses and buy the same without the headaches…… they could not give a reasonable response…. your right, the current economic situation is only going to put futher pressure on this market. From what I’ve gathered also, the market will suffer additional downward price adjustments and will never see the days of 2005/2006. Wait a while longer and then see how this all unfolds… especailly with GM hitting the skids this week. It will have some impact indirectly thorughout the country…..

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