Comments on: The Data Does Not Lie http://www.arcadiahousingblog.com/2008/03/31/the-data-does-not-lie/ Tracking the Arcadia and San Gabriel Valley Housing Market Sun, 14 Mar 2010 11:29:49 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: isa tk+ http://www.arcadiahousingblog.com/2008/03/31/the-data-does-not-lie/comment-page-1/#comment-298580 isa tk+ Fri, 05 Feb 2010 03:35:48 +0000 http://www.arcadiahousingblog.com/2008/03/31/the-data-does-not-lie/#comment-298580 Tyler you are totally right. Markets like Charlotte and San Antonio are a lot more stable and less susceptible to these huge swings in price. I’ve been looking into buying some investment properties in Charlotte of late and its very encouraging. I would actually be able to charge enough rent to break even! What a concept! (fyi i live in socal and its been 10 years since that was a possibility – the people who bought properties to rent out here in the past 10 years are just plain suckers. There is no way in hell their rents are covering their outlay unless they put a TON down which is unlikely…)(3) Tyler you are totally right. Markets like Charlotte and San Antonio are a lot more stable and less susceptible to these huge swings in price. I’ve been looking into buying some investment properties in Charlotte of late and its very encouraging. I would actually be able to charge enough rent to break even! What a concept! (fyi i live in socal and its been 10 years since that was a possibility – the people who bought properties to rent out here in the past 10 years are just plain suckers. There is no way in hell their rents are covering their outlay unless they put a TON down which is unlikely…)(3)

]]> By: isa http://www.arcadiahousingblog.com/2008/03/31/the-data-does-not-lie/comment-page-1/#comment-298579 isa Fri, 05 Feb 2010 03:35:25 +0000 http://www.arcadiahousingblog.com/2008/03/31/the-data-does-not-lie/#comment-298579 Tyler you are totally right. Markets like Charlotte and San Antonio are a lot more stable and less susceptible to these huge swings in price. I’ve been looking into buying some investment properties in Charlotte of late and its very encouraging. I would actually be able to charge enough rent to break even! What a concept! (fyi i live in socal and its been 10 years since that was a possibility – the people who bought properties to rent out here in the past 10 years are just plain suckers. There is no way in hell their rents are covering their outlay unless they put a TON down which is unlikely…)(2) Tyler you are totally right. Markets like Charlotte and San Antonio are a lot more stable and less susceptible to these huge swings in price. I’ve been looking into buying some investment properties in Charlotte of late and its very encouraging. I would actually be able to charge enough rent to break even! What a concept! (fyi i live in socal and its been 10 years since that was a possibility – the people who bought properties to rent out here in the past 10 years are just plain suckers. There is no way in hell their rents are covering their outlay unless they put a TON down which is unlikely…)(2)

]]> By: tstaples http://www.arcadiahousingblog.com/2008/03/31/the-data-does-not-lie/comment-page-1/#comment-2968 tstaples Tue, 24 Jun 2008 19:18:13 +0000 http://www.arcadiahousingblog.com/2008/03/31/the-data-does-not-lie/#comment-2968 When I read this post originally, I was convinced that someone finally had comiled a concise summary of what happened, and where we are headed, in thie housing correction. Bravo! It would be great to revisit this again, 3 months later, and do an update/follow-up. I would love to see how closely the numbers are tracking. When I read this post originally, I was convinced that someone finally had comiled a concise summary of what happened, and where we are headed, in thie housing correction. Bravo!

It would be great to revisit this again, 3 months later, and do an update/follow-up. I would love to see how closely the numbers are tracking.

]]> By: PuLwwmOgFExo http://www.arcadiahousingblog.com/2008/03/31/the-data-does-not-lie/comment-page-1/#comment-2442 PuLwwmOgFExo Sun, 18 May 2008 05:54:07 +0000 http://www.arcadiahousingblog.com/2008/03/31/the-data-does-not-lie/#comment-2442 AvRqot AvRqot

]]> By: M'ster http://www.arcadiahousingblog.com/2008/03/31/the-data-does-not-lie/comment-page-1/#comment-1585 M'ster Wed, 16 Apr 2008 06:39:59 +0000 http://www.arcadiahousingblog.com/2008/03/31/the-data-does-not-lie/#comment-1585 I just discovered the blog. Love the post. We've been happily renting for the last 5 years. At the height of the market I knew the end was near, but I guess like all bubbles a lot of people were blinded by greed and the National Association of Realtards' talking heads on CNBC telling everyone that 2007 was going to be a great year. You'd think the media would stop looking to NAR for comment, but they never do. "We should see a bottom in 2008 and then the sky's the limit. Hooray! The party's not over! By the way, what is the Case-Shiller index" -NAR realtards.blogspot.com I just discovered the blog. Love the post. We’ve been happily renting for the last 5 years. At the height of the market I knew the end was near, but I guess like all bubbles a lot of people were blinded by greed and the National Association of Realtards’ talking heads on CNBC telling everyone that 2007 was going to be a great year. You’d think the media would stop looking to NAR for comment, but they never do.

“We should see a bottom in 2008 and then the sky’s the limit. Hooray! The party’s not over! By the way, what is the Case-Shiller index” -NAR

realtards.blogspot.com

]]> By: SavedbyGrace http://www.arcadiahousingblog.com/2008/03/31/the-data-does-not-lie/comment-page-1/#comment-1550 SavedbyGrace Tue, 15 Apr 2008 00:57:43 +0000 http://www.arcadiahousingblog.com/2008/03/31/the-data-does-not-lie/#comment-1550 The Feds will take interest rates down to 0 if they have to so inflation is already at our heels. I have written to my representatives and urge everyone else to do the same. The Feds will take interest rates down to 0 if they have to so inflation is already at our heels. I have written to my representatives and urge everyone else to do the same.

]]> By: Refuse to buy overpriced http://www.arcadiahousingblog.com/2008/03/31/the-data-does-not-lie/comment-page-1/#comment-1549 Refuse to buy overpriced Mon, 14 Apr 2008 22:59:50 +0000 http://www.arcadiahousingblog.com/2008/03/31/the-data-does-not-lie/#comment-1549 Work and save, yes, but also get involved in politics! Inflation could wipe out your savings, and inflation will be resorted to if there is no opposition. Work and save, yes, but also get involved in politics! Inflation could wipe out your savings, and inflation will be resorted to if there is no opposition.

]]> By: SavedbyGrace http://www.arcadiahousingblog.com/2008/03/31/the-data-does-not-lie/comment-page-1/#comment-1468 SavedbyGrace Sat, 12 Apr 2008 17:09:30 +0000 http://www.arcadiahousingblog.com/2008/03/31/the-data-does-not-lie/#comment-1468 Agreed. I've contacted my representatives and I urge everyone else to do the same. Thanks Sean for listing out their phone number so the readers here can spam their voice mailbox with STOP THE BAILOUT messages. *starts dialing* Agreed. I’ve contacted my representatives and I urge everyone else to do the same.

Thanks Sean for listing out their phone number so the readers here can spam their voice mailbox with STOP THE BAILOUT messages. *starts dialing*

]]> By: sean http://www.arcadiahousingblog.com/2008/03/31/the-data-does-not-lie/comment-page-1/#comment-1465 sean Sat, 12 Apr 2008 15:14:36 +0000 http://www.arcadiahousingblog.com/2008/03/31/the-data-does-not-lie/#comment-1465 I am completely against any government bailout. The thought that my hard earned dollars would go to helping out an irresponsible person who bought a home he/she could not afford to pay for makes me sick. This is a slap in the face of people who did not make reckless decisions with their money. I CHOSE not to take part in the hyper inflation in home prices we have seen since 2000. I have been patiently waiting and saving money for runaway home prices to correct themselves. The prices finally are adjusting since reaching an artifitially high level and are moving down towards their natural equilibrium. The housing mess will not unwind itself in 2008. In the next year, prices will have fallen another 10 - 15% in most areas. Contact ALL congresspeople who are in favor of a bailout and let them hear your displeasure: Barney Franks - 202-225-5931 Chris Dodd - 202-224-2823 Diane Feinstein - 202-224-3841 Barbara Boxer - 202-224-3553 Also, contact the Fed. It was THEIR 1% BS that got is into this bubble to start with. They should not be exempt from hearing your displeasure. They are now needlessly lowering interest rates simply to pacify the IRRESPONSIBLE people who took out ARM loans and want to refinance. This at the expense of responsible savers. The Fed - 202-974-7008 I am completely against any government bailout. The thought that my hard earned dollars would go to helping out an irresponsible person who bought a home he/she could not afford to pay for makes me sick. This is a slap in the face of people who did not make reckless decisions with their money.

I CHOSE not to take part in the hyper inflation in home prices we have seen since 2000. I have been patiently waiting and saving money for runaway home prices to correct themselves. The prices finally are adjusting since reaching an artifitially high level and are moving down towards their natural equilibrium.

The housing mess will not unwind itself in 2008. In the next year, prices will have fallen another 10 – 15% in most areas.

Contact ALL congresspeople who are in favor of a bailout and let them hear your displeasure:

Barney Franks – 202-225-5931
Chris Dodd – 202-224-2823
Diane Feinstein – 202-224-3841
Barbara Boxer – 202-224-3553

Also, contact the Fed. It was THEIR 1% BS that got is into this bubble to start with. They should not be exempt from hearing your displeasure. They are now needlessly lowering interest rates simply to pacify the IRRESPONSIBLE people who took out ARM loans and want to refinance. This at the expense of responsible savers.

The Fed – 202-974-7008

]]> By: TheArcadian http://www.arcadiahousingblog.com/2008/03/31/the-data-does-not-lie/comment-page-1/#comment-1460 TheArcadian Sat, 12 Apr 2008 06:51:51 +0000 http://www.arcadiahousingblog.com/2008/03/31/the-data-does-not-lie/#comment-1460 bg, That's a valid question. I've written a short comment about it for this Saturday's post. Please let us know what you think. bg,

That’s a valid question. I’ve written a short comment about it for this Saturday’s post. Please let us know what you think.

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