tag:blogger.com,1999:blog-35190061.post7927872393696589169..comments2023-10-17T03:59:01.588-07:00Comments on Doctor Housing Bubble Blog: Real Homes of Genius: Today we Salute you Buena Park. $511,000 for 864 Square Feet. Even Knottās Berry Farm is Cheaper!Dr Housing Bubblehttp://www.blogger.com/profile/12407700951720008626noreply@blogger.comBlogger10125tag:blogger.com,1999:blog-35190061.post-60417423127967313832007-08-03T19:53:00.000-07:002007-08-03T19:53:00.000-07:00Holy crap! This is the part of Buena Park where I ...Holy crap! This is the part of Buena Park where I spent most of my teen years. Heh, I wonder how much my grandparents' house would cost now...er...never mind.<BR/><BR/>Definitely one of those 1950's-1960's houses that still probably make up the bulk of houses in The BP. <BR/><BR/>Maybe Fountain Valley is a good idea...if it were affordable. Feh.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-35190061.post-67789743005527478352007-04-03T08:41:00.000-07:002007-04-03T08:41:00.000-07:00Wow.When does the bidding begin?Steve the Dog.woof...Wow.<BR/><BR/>When does the bidding begin?<BR/><BR/>Steve the Dog.<BR/><BR/>woofAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-35190061.post-4147945803644954332007-04-03T08:32:00.000-07:002007-04-03T08:32:00.000-07:00anon,I know this seems illogical but what is happe...anon,<BR/><BR/>I know this seems illogical but what is happening is sales numbers are down 20+% in many areas and the homes that sell are to peak buyers. Sales numbers show the future trend while current prices are trending downward.<BR/><BR/>Even the futures market shows most Southern California counties down yoy by Q3 and Q4.Dr Housing Bubblehttps://www.blogger.com/profile/12407700951720008626noreply@blogger.comtag:blogger.com,1999:blog-35190061.post-34166360937589250152007-04-02T21:09:00.000-07:002007-04-02T21:09:00.000-07:00These Real Homes of Genius posts really show how r...These Real Homes of Genius posts really show how ridiculous SoCal sellers still are. What I don't understand - it is like the sellers and the RE agents are living in caves. Who is left that can afford homes at these prices? <BR/><BR/>But the other part that is perplexing is the 7.9% YOY increase in LA. How the he!! are prices still increasing. I have been watching a couple of areas in the San Fernando Valley that I'm interested in for months now. For the most part, the only houses that are dropping their prices started at over $750k. And somehow, the Valley as a whole is either flat or up. Houses need to drop to at least $400k for a decent 3bd,2bth before the market can be even be close to 'reasonable.' Does anyone really see that happening - even in the next couple of years?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-35190061.post-61397102097515557692007-04-02T20:52:00.000-07:002007-04-02T20:52:00.000-07:00Maybe this is one that Casey forgot he owned.Maybe this is one that Casey forgot he owned.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-35190061.post-71511169361394251942007-04-02T13:47:00.000-07:002007-04-02T13:47:00.000-07:00sed,For green grass you need to look at $600,000 h...sed,<BR/><BR/>For green grass you need to look at $600,000 homes. I think your expectation of SoCal are too high.<BR/><BR/>anon,<BR/><BR/>In debt big time. Flip time here. I mean think about the person who sold in 2005, almost $100,000 per year in appreciation. Unfortunately that boat has long sailed.Dr Housing Bubblehttps://www.blogger.com/profile/12407700951720008626noreply@blogger.comtag:blogger.com,1999:blog-35190061.post-79845064868029232872007-04-02T11:40:00.000-07:002007-04-02T11:40:00.000-07:00Cheap by most measures! Only $590 per square foot....Cheap by most measures! Only $590 per square foot.....Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-35190061.post-37151478363054577732007-04-02T11:07:00.000-07:002007-04-02T11:07:00.000-07:00Notice the VW Bug in the driveway? No doubt the F...Notice the VW Bug in the driveway? <BR/><BR/>No doubt the FB pulled equity out of the ATM/home to enjoy the lifestyle of the Rich and Famous in the O.C. Now they're going upside down, and probably can't even afford to go to Knott's. I'm guessing rich in mortgage debt alone....Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-35190061.post-40817617816135689622007-04-02T10:15:00.001-07:002007-04-02T10:15:00.001-07:00For half a mil you'd think they could keep the law...For half a mil you'd think they could keep the lawn green. Then again, maybe the water's been turned off due to lack of payment.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-35190061.post-80829145735282462492007-04-02T10:15:00.000-07:002007-04-02T10:15:00.000-07:00For half a mil you'd think they could keep the law...For half a mil you'd think they could keep the lawn green. Then again, maybe the water's been turned off due to lack of payment.Anonymousnoreply@blogger.com