drhousingbubble
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We're deflating our way to prosperity! 5 areas facing demand destruction price deflation:
7:47 PM Jun 25th, 2009
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$1 million condo in pre-foreclosure in Pasadena. Say it ain't so IndyMac!
8:44 AM Jun 22nd, 2009
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1.6 million foreclosure filings in 2009 already with 5 months of data: Or, 10,000+ filings per day.
8:55 AM Jun 12th, 2009
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If you are marketing million dollar real estate with a $1 million coupon, that just ain't right:
4:13 PM Jun 9th, 2009
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California: 20 years of bubbles. From tech to housing: - there may be no other bubble in the near term.
8:40 AM Jun 8th, 2009
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Why the Dow Jones Industrial Average no longer reflects main street America:
9:11 AM Jun 4th, 2009
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The three faces of the California housing market: Compton, Mar Vista, and Santa Monica:
2:03 PM Jun 1st, 2009
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What do you think an $8,000 tax credit is going to do for a state with 11% unemployment? Simple rule: (gross monthly income / 3 = PITI).
9:38 PM May 30th, 2009
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One out of eight homes with a mortgage is either in default or in foreclosure. Definitely not a bottom in housing
11:56 AM May 29th, 2009
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Home prices fall or consumer confidence? Confidence it is.The market is a Rorschach test for the perma-bulls disconnected from reality
9:20 AM May 27th, 2009
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46% of Alt-A loans sit in California, Florida, Nevada, and Arizona. All these states are down 40+% from their peaks
8:32 AM May 26th, 2009
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Good news/bad news. California unemployment rate drops from 11.2% to 11%. Bad news? Government hiring. Propositions gone assure job cuts
11:27 AM May 22nd, 2009
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Only 2 days after the California budget propositions fail, it looks like we may be in for another $3 billion putting the state $25bn down.
4:12 PM May 21st, 2009
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$469 billion in Alt-A loans floating in the market. $288 billion in California:
8:50 AM May 20th, 2009
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It looks like California is going to wake up to a $21 billion budget short fall. Choice 1 = hard. Choice 2 = hard.
11:54 PM May 19th, 2009
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Japan GDP declines at an annual rate of 15.2%. That is simply jaw dropping...
11:52 PM May 19th, 2009
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Housing starts at record low...OK OK. NOW we are officially at a bottom. Does anyone ever ask what happens after the bottom?
1:16 PM May 19th, 2009
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7 states now at record unemployment rates. And of course, California is one of them:
5:46 PM May 18th, 2009
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Calif: 56,000 Notice of Defaults in 2004. In 2008? How about 404,000. No sign of bottom from data:
8:15 AM May 18th, 2009
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Hard hitting story about the mortgage crisis from an economics reporter. Many weren't immune from the call:
12:11 PM May 17th, 2009
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- Name drhousingbubble
- Location Los Angeles
- Web http://www.doctor...
- Bio Dr. Housing Bubble - How I Learned to Love SoCal and Forget the Housing Bubble.
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