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drhousingbubble

  1. We're deflating our way to prosperity! 5 areas facing demand destruction price deflation: http://tinyurl.com/nvoath
  2. $1 million condo in pre-foreclosure in Pasadena. Say it ain't so IndyMac! http://tinyurl.com/mznksb
  3. 1.6 million foreclosure filings in 2009 already with 5 months of data: http://tinyurl.com/nbypoe Or, 10,000+ filings per day.
  4. If you are marketing million dollar real estate with a $1 million coupon, that just ain't right: http://tinyurl.com/l2l4tf
  5. California: 20 years of bubbles. From tech to housing: http://tinyurl.com/osgm2w - there may be no other bubble in the near term.
  6. Why the Dow Jones Industrial Average no longer reflects main street America: http://tinyurl.com/pyo9rm
  7. The three faces of the California housing market: Compton, Mar Vista, and Santa Monica: http://tinyurl.com/marbkz
  8. 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. One out of eight homes with a mortgage is either in default or in foreclosure. Definitely not a bottom in housing http://tinyurl.com/lf4en7
  10. Home prices fall or consumer confidence? Confidence it is.The market is a Rorschach test for the perma-bulls disconnected from reality
  11. 46% of Alt-A loans sit in California, Florida, Nevada, and Arizona. All these states are down 40+% from their peakshttp://tinyurl.com/ow2vay
  12. Good news/bad news. California unemployment rate drops from 11.2% to 11%. Bad news? Government hiring. Propositions gone assure job cuts
  13. 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.
  14. $469 billion in Alt-A loans floating in the market. $288 billion in California: http://tinyurl.com/qoln2o
  15. It looks like California is going to wake up to a $21 billion budget short fall. Choice 1 = hard. Choice 2 = hard.
  16. Japan GDP declines at an annual rate of 15.2%. That is simply jaw dropping...
  17. Housing starts at record low...OK OK. NOW we are officially at a bottom. Does anyone ever ask what happens after the bottom?
  18. 7 states now at record unemployment rates. And of course, California is one of them: http://tinyurl.com/pmw2h6
  19. Calif: 56,000 Notice of Defaults in 2004. In 2008? How about 404,000. No sign of bottom from data: http://tinyurl.com/r7pwxd
  20. Hard hitting story about the mortgage crisis from an economics reporter. Many weren't immune from the call: http://tinyurl.com/qm8t6l