Comments on: 8 out of 10 Worst RE Markets for 2009 in California http://www.arcadiahousingblog.com/2008/12/22/8-out-of-10-worst-re-markets-for-2009-in-california/ Tracking the Arcadia and San Gabriel Valley Housing Market Sat, 04 Feb 2012 08:44:24 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Alicia Keys http://www.arcadiahousingblog.com/2008/12/22/8-out-of-10-worst-re-markets-for-2009-in-california/comment-page-2/#comment-385654 Alicia Keys Mon, 09 Jan 2012 23:30:37 +0000 http://www.arcadiahousingblog.com/?p=683#comment-385654 Very informative piece, thank you. I wonder how these markets have changed since. Very informative piece, thank you. I wonder how these markets have changed since.

]]> By: Jody Venner http://www.arcadiahousingblog.com/2008/12/22/8-out-of-10-worst-re-markets-for-2009-in-california/comment-page-2/#comment-384833 Jody Venner Thu, 05 Jan 2012 07:21:29 +0000 http://www.arcadiahousingblog.com/?p=683#comment-384833 Hey there, You've done a great job. I’ll certainly digg it and in my view recommend to my friends. I'm sure they will be benefited from this web site. Hey there, You’ve done a great job. I’ll certainly digg it and in my view recommend to my friends. I’m sure they will be benefited from this web site.

]]> By: Thoughts http://www.arcadiahousingblog.com/2008/12/22/8-out-of-10-worst-re-markets-for-2009-in-california/comment-page-2/#comment-348784 Thoughts Fri, 08 Jul 2011 05:09:09 +0000 http://www.arcadiahousingblog.com/?p=683#comment-348784 If Arcadia is a bubble, then what is Vancouver? Lots of money flowing out of China right now as property prices have started to level out or fall in the "hot" markets. SGV could very well see much higher prices for homes. If Arcadia is a bubble, then what is Vancouver? Lots of money flowing out of China right now as property prices have started to level out or fall in the “hot” markets. SGV could very well see much higher prices for homes.

]]> By: Gardener http://www.arcadiahousingblog.com/2008/12/22/8-out-of-10-worst-re-markets-for-2009-in-california/comment-page-2/#comment-344688 Gardener Wed, 15 Jun 2011 17:06:18 +0000 http://www.arcadiahousingblog.com/?p=683#comment-344688 @kenny: Sounds like a dream of every homeowner (at least those who's trying to sell). Too bad we can't find enough foreigners to prop up home prices of every neighborhood in the country. Many wish that SOMEBODY please start buying in their neck of the woods! @kenny: Sounds like a dream of every homeowner (at least those who’s trying to sell). Too bad we can’t find enough foreigners to prop up home prices of every neighborhood in the country. Many wish that SOMEBODY please start buying in their neck of the woods!

]]> By: kenny http://www.arcadiahousingblog.com/2008/12/22/8-out-of-10-worst-re-markets-for-2009-in-california/comment-page-2/#comment-344374 kenny Tue, 14 Jun 2011 04:35:55 +0000 http://www.arcadiahousingblog.com/?p=683#comment-344374 The blog is dead because Arcadia bubble was never there. All the Chinese foreigners are out bidding every houses that are on the market. RIP GRACE for trying! The blog is dead because Arcadia bubble was never there. All the Chinese foreigners are out bidding every houses that are on the market. RIP GRACE for trying!

]]> By: Gardener http://www.arcadiahousingblog.com/2008/12/22/8-out-of-10-worst-re-markets-for-2009-in-california/comment-page-2/#comment-343351 Gardener Wed, 08 Jun 2011 20:55:20 +0000 http://www.arcadiahousingblog.com/?p=683#comment-343351 Now that we have a benefit of hindsight (since this was first posted in 2008), have the 2010 projections born out? According to the last Census, Arcadia's population only grew by 3000 in the last 10 years (+6%) and the "they are not making more land" argument does not seem to have much teeth - it would only adds pressure if there is a really big influx. 6% seems rather mild. Now that we have a benefit of hindsight (since this was first posted in 2008), have the 2010 projections born out? According to the last Census, Arcadia’s population only grew by 3000 in the last 10 years (+6%) and the “they are not making more land” argument does not seem to have much teeth – it would only adds pressure if there is a really big influx. 6% seems rather mild.

]]> By: Steve http://www.arcadiahousingblog.com/2008/12/22/8-out-of-10-worst-re-markets-for-2009-in-california/comment-page-2/#comment-334987 Steve Wed, 27 Apr 2011 06:58:14 +0000 http://www.arcadiahousingblog.com/?p=683#comment-334987 Starting to see some price deflating in San Marino, and So Pasadena area. Houses are on the market longer,like 60 to 120 days. Starting to see some price deflating in San Marino, and So Pasadena area. Houses are on the market longer,like 60 to 120 days.

]]> By: Mike http://www.arcadiahousingblog.com/2008/12/22/8-out-of-10-worst-re-markets-for-2009-in-california/comment-page-1/#comment-332964 Mike Wed, 20 Apr 2011 08:15:29 +0000 http://www.arcadiahousingblog.com/?p=683#comment-332964 Lots of chinese people think that housing is the best investment and will buy multiple houses. Any neighborhood in CA with over a 30% chinese population will have minimum $500,000 median house prices... Lots of chinese people think that housing is the best investment and will buy multiple houses. Any neighborhood in CA with over a 30% chinese population will have minimum $500,000 median house prices…

]]> By: Mike http://www.arcadiahousingblog.com/2008/12/22/8-out-of-10-worst-re-markets-for-2009-in-california/comment-page-1/#comment-332963 Mike Wed, 20 Apr 2011 08:11:36 +0000 http://www.arcadiahousingblog.com/?p=683#comment-332963 At least 3 or 4 realtors ring the doorbell in the summer or call and ask if I would like to sell my house in arcadia. Their clients are usually rich overseas chinese who want to send their kids to study in the US and gain easier entry to a US university. A chinese education is not worth much(unless it is from a elite university like Tsinghua) and competition is extremely difficult to get into an elite chinese university(they don't care about extracurricular activities or that you are well rounded...just that you can score high on tests). The average chinese college graduate earns only a little more than a migrant worker in china. Getting accepted into a famous US university as an overases chinese student is also much more difficult than getting accepted as a US high school student. I would not be surprised if housing prices in arcadia and other cities in the sgv double in the next 5 years. At least 3 or 4 realtors ring the doorbell in the summer or call and ask if I would like to sell my house in arcadia. Their clients are usually rich overseas chinese who want to send their kids to study in the US and gain easier entry to a US university. A chinese education is not worth much(unless it is from a elite university like Tsinghua) and competition is extremely difficult to get into an elite chinese university(they don’t care about extracurricular activities or that you are well rounded…just that you can score high on tests). The average chinese college graduate earns only a little more than a migrant worker in china. Getting accepted into a famous US university as an overases chinese student is also much more difficult than getting accepted as a US high school student.

I would not be surprised if housing prices in arcadia and other cities in the sgv double in the next 5 years.

]]> By: Mike http://www.arcadiahousingblog.com/2008/12/22/8-out-of-10-worst-re-markets-for-2009-in-california/comment-page-1/#comment-332960 Mike Wed, 20 Apr 2011 07:59:17 +0000 http://www.arcadiahousingblog.com/?p=683#comment-332960 The author of the blog has nothing to write about because the bubble has not really popped in arcadia and probably will not pop for a long while. As long as the overseas chinese buyers continue to buy arcadia homes, prices will march upwards. Now that the chinese government has made it difficult to own multiple homes in china, lots of chinese coming to the usa to buy. Look at housing prices in Vancouver and Sydney...lots of chinese buyers equals to inflated housing prices. The author of the blog has nothing to write about because the bubble has not really popped in arcadia and probably will not pop for a long while. As long as the overseas chinese buyers continue to buy arcadia homes, prices will march upwards. Now that the chinese government has made it difficult to own multiple homes in china, lots of chinese coming to the usa to buy. Look at housing prices in Vancouver and Sydney…lots of chinese buyers equals to inflated housing prices.

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