Comments on: Market Fundamentals

By: Arcadia Mania | Arcadia Housing Blog

Arcadia Mania | Arcadia Housing Blog — Sat, 22 Mar 2008 14:02:32 +0000

[...] Comparisons Home values are tied to comparable rents and income. From a quick search on Craigslist, I found a gated PUD on Fairview Avenue (3/2, garage, 2100sqft) [...]

By: To buy or not to buy… | Arcadia Housing Blog

To buy or not to buy… | Arcadia Housing Blog — Fri, 15 Feb 2008 14:02:50 +0000

[...] as they try to decide whether or not to purchase a home right now. I’ve said before that comparable rents is a key indicator of market fundamentals and I still think that holds true today. To truly account [...]

By: Inventory and Market Report - 2/9/08 | Arcadia Housing Blog

Inventory and Market Report - 2/9/08 | Arcadia Housing Blog — Sun, 10 Feb 2008 14:16:03 +0000

[...] one can argue against the fact that the U.S. real estate prices have inflated beyond its fundamental values and we have a serious affordability [...]

By: SavedByGrace

SavedByGrace — Thu, 07 Feb 2008 08:15:01 +0000

Thanks for stopping by IR. I found IHB back in 2006 and still read it daily. You’ve done a tremendous job over there and I appreciate all the effort you put into it. Keep up the good work

By: IrvineRenter

IrvineRenter — Thu, 07 Feb 2008 05:06:08 +0000

You have a great blog here. I like your analysis. As you might imagine, I totally agree with it.

By: SavedByGrace

SavedByGrace — Wed, 30 Jan 2008 20:28:07 +0000

If you like the Huntington Library, you’ll like Lacy Park in San Marino and the Arboretum in Arcadia too. They probably don’t have as many flowers as HL does, but it’s still gorgeous.

By: Carl

Carl — Wed, 30 Jan 2008 18:48:00 +0000

I’m looking forward to seeing your post. I used to live in Orange County, but did go to the SGV quite a bit, since I am head-over-heels in love with the Huntington Library. I like North Carolina (and my new-found disposable income) but my wife misses SoCal greatly. I am following the housing crash to see if we can get back over there and get a reasonable house at some point.

Carl

By: SavedByGrace

SavedByGrace — Tue, 29 Jan 2008 15:36:24 +0000

I agree with you Carl. San Marino, La Canada and parts of Pasadena are more desirable than Arcadia. While Arcadia is a popular location for folks who can’t afford those other cities, it is also “the city” of choice for an even lower income class. This slightly lower income class have spilled into neighboring cities like Temple City and Monrovia, in turn driving the house prices up in those cities as well.

With conditions like that during the bubble, I’m not surprised to see homes prices at 10X income. I have a post coming up on what created the housing bubble.

Did you live in the SGV at some point? You’re fairly familiar with the surrounding cities. Enjoy your time in North Carolina. It’s beautiful there

By: Carl

Carl — Tue, 29 Jan 2008 14:55:09 +0000

One of the issues facing Arcadia real estate in particular is its proximity to more desirable areas. Arcadia is a really nice place, but if people aren’t originally from there, they will usually choose Pasadena, San Marino or La Cresenta-Flintridge first (if they can afford it). As far as prestige, Arcadia is the middle class ground between the mentioned cities and Alhambra and San Gabriel. It is difficult to understand how homes got to be 10X income. In North Carolina, where I am currently living, houses are between 3 and 4X income. Housing will probably suffer here, but much less than in SoCal because it has much less of a drop to go before rent-savers jump in.