Comments on: The Creature from Jekyll Island: Power Grab 2009 http://www.socalbubble.com/2009/06/the-creature-from-jekyll-island-power-grab-2009.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: San Diego Property Management Guy http://www.socalbubble.com/2009/06/the-creature-from-jekyll-island-power-grab-2009.html/comment-page-1#comment-90345 San Diego Property Management Guy Wed, 01 Jul 2009 04:32:32 +0000 http://www.socalbubble.com/?p=696#comment-90345 This is completely possible- if you look at the evolution of finance it's been towards increasingly centralized control. This latest incarnation is in response to developments in electronic finance. It had to be done before finance was too democratized and not controllable. For context, I write a blog on <a href="http://san-diego-property-management-blog.com" rel="nofollow">San Diego Property Management</a> Cheers! This is completely possible- if you look at the evolution of finance it’s been towards increasingly centralized control. This latest incarnation is in response to developments in electronic finance. It had to be done before finance was too democratized and not controllable.

For context, I write a blog on San Diego Property Management

Cheers!

]]> By: Brad Davidson http://www.socalbubble.com/2009/06/the-creature-from-jekyll-island-power-grab-2009.html/comment-page-1#comment-89686 Brad Davidson Tue, 23 Jun 2009 00:03:24 +0000 http://www.socalbubble.com/?p=696#comment-89686 Garbler's got it right. Plus, there's a shortage of low end homes because the back log of REO's that haven't been released onto the market. That shortage has got people bidding up prices on the lower end homes with agents egging them on with reports of hitting the bottom and "you better buy now". It's not a bad time to buy if you can get a good deal but don't get into any bidding wars. There should be more inventory as we get into the summer. Garbler’s got it right.

Plus, there’s a shortage of low end homes because the back log of REO’s that haven’t been released onto the market. That shortage has got people bidding up prices on the lower end homes with agents egging them on with reports of hitting the bottom and “you better buy now”.

It’s not a bad time to buy if you can get a good deal but don’t get into any bidding wars. There should be more inventory as we get into the summer.

]]> By: garbler http://www.socalbubble.com/2009/06/the-creature-from-jekyll-island-power-grab-2009.html/comment-page-1#comment-89667 garbler Mon, 22 Jun 2009 19:11:55 +0000 http://www.socalbubble.com/?p=696#comment-89667 Higher end Alt-A's are going to start resetting soon. These homes are going to start going on the market this year. The median asking price will go up only because the median home on the market will be nicer. Realtors will say the housing downturn is over b/c median prices are going back up. But no, it'll just mean the low end has bottomed and now nicer homes will be on the market @ lower prices than before. Higher end Alt-A’s are going to start resetting soon. These homes are going to start going on the market this year. The median asking price will go up only because the median home on the market will be nicer.

Realtors will say the housing downturn is over b/c median prices are going back up. But no, it’ll just mean the low end has bottomed and now nicer homes will be on the market @ lower prices than before.

]]> By: California Kid http://www.socalbubble.com/2009/06/the-creature-from-jekyll-island-power-grab-2009.html/comment-page-1#comment-89629 California Kid Mon, 22 Jun 2009 05:27:11 +0000 http://www.socalbubble.com/?p=696#comment-89629 Chuck or Brad... what caused the recent OC median price to pop up a few points from last week... they now report the average median > 400,000 in this weekends OC Register? I was a bit surprised to see it surge by the amount reported over last week and wanting to get your perspestive. Is it caused by a somewhat artificial jump with late spring/early summer home buyers, did we have a big gain in sales for a higher medican city....? With the state on near budget meltdown within weeks, thought this was a little off course... Chuck or Brad… what caused the recent OC median price to pop up a few points from last week… they now report the average median > 400,000 in this weekends OC Register? I was a bit surprised to see it surge by the amount reported over last week and wanting to get your perspestive. Is it caused by a somewhat artificial jump with late spring/early summer home buyers, did we have a big gain in sales for a higher medican city….? With the state on near budget meltdown within weeks, thought this was a little off course…

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