Comments on: A Serious Affordability Issue http://www.arcadiahousingblog.com/2008/01/27/a-serious-affordability-issue/ Tracking the Arcadia and San Gabriel Valley Housing Market Thu, 20 Nov 2008 12:27:21 +0000 http://wordpress.org/?v=2.5.1 By: Carl http://www.arcadiahousingblog.com/2008/01/27/a-serious-affordability-issue/#comment-25 Carl Thu, 31 Jan 2008 00:23:20 +0000 http://www.arcadiahousingblog.com/2008/01/27/a-serious-affordability-issue/#comment-25 I see your point and I would be inclined to agree. It seems the bottom is always six months away. The national bottom could very well come soon, but the local Southern California bottom is a long, long way off. I see your point and I would be inclined to agree. It seems the bottom is always six months away. The national bottom could very well come soon, but the local Southern California bottom is a long, long way off.

]]> By: SavedByGrace http://www.arcadiahousingblog.com/2008/01/27/a-serious-affordability-issue/#comment-24 SavedByGrace Wed, 30 Jan 2008 20:35:24 +0000 http://www.arcadiahousingblog.com/2008/01/27/a-serious-affordability-issue/#comment-24 In my opinion, Arcadia is still in the denial phase. There are too many people (most realtors and hopefuls) that think this "slump" will go away by Springtime. Friends, neighbors and relatives who are homeowners don't like what I have to say about the local housing market, but the market will do what it will regardless of what I say. I keep my mouth shut now. In my opinion, Arcadia is still in the denial phase. There are too many people (most realtors and hopefuls) that think this “slump” will go away by Springtime.

Friends, neighbors and relatives who are homeowners don’t like what I have to say about the local housing market, but the market will do what it will regardless of what I say. I keep my mouth shut now.

]]> By: Carl http://www.arcadiahousingblog.com/2008/01/27/a-serious-affordability-issue/#comment-21 Carl Wed, 30 Jan 2008 19:57:32 +0000 http://www.arcadiahousingblog.com/2008/01/27/a-serious-affordability-issue/#comment-21 I think Southern California is somewhere between Denial and Fear, depending on the seller. There isn't a lot of panic selling, and we are far from Capitulation and Desperation. I bailed out in 2006 (during the Anxiety phase) and I was the first to panic, which is a good thing, because the first to panic gets out alive. I think Southern California is somewhere between Denial and Fear, depending on the seller. There isn’t a lot of panic selling, and we are far from Capitulation and Desperation. I bailed out in 2006 (during the Anxiety phase) and I was the first to panic, which is a good thing, because the first to panic gets out alive.

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