California Housing Market...OUCH!

[chris]

A 230% increase in foreclosures last year...WTF? :(

Video Clip Here (http://www.msnbc.msn.com/id/22425001/vp/22982535#22982535)

The market better turn around before I retire damnit :mad:

[bugzy]

screw just the california market

US is going down

the US$ is crap !! and im not sure what will bring the US when it comes to world economy

[GTiGirl]

This happens every 10-15 years... it happened in the early 90s (hmmm, when a Bush was leaving office) and it's happened again. Just hold tight and the market will pick up again (you might have to wait 5-10 years, but it will). The housing industry was so overinflated, it was almost obvious that this was going to happen. I feel really bad for those who bought high and are down on their luck now. Shoot, we'd be in the same situation if our place would have sold last year.

But, if you can, now is the time to buy into the market (stocks, mutual funds, etc). Buy cheap, sell high - money is made in a bear market!!!

[GTiGirl]

As for the global effect, it's not known yet, but it's likely to follow suit. The pros and cons of globalization!

I asked my boss if I could have my paycheck deposited in Euros. She said no. But for realsies, Rob and I were considering investing some of our cash money in British Pounds in Scotland, but with the globalization shennanigans, it's all the same (especially in the UK).

[Slapshotnerd]

Everyone knew this was coming! Hyper inflation followed by a fallout.

[Kelly Girl]

As for the global effect, it's not known yet, but it's likely to follow suit. The pros and cons of globalization!

I asked my boss if I could have my paycheck deposited in Euros. She said no. But for realsies, Rob and I were considering investing some of our cash money in British Pounds in Scotland, but with the globalization shennanigans, it's all the same (especially in the UK).


foreign stocks... that's the ticket

[SoCal_GLI]

shit if it keeps going the way it is i will be able to buy my own house with no trouble

[fcastle]

shit if it keeps going the way it is i will be able to buy my own house with no trouble

Hell yeah, might even be able to get all the furniture w/it and sell it off.

[bugzy]

the US$ is fk'd !!

im a believer that the US is going to fall really bad as a global country

there's a lot of power in foreign markets right now

parents have a large amount of $$ they are keeping in china

[DAVE_W]

not gonna lie to you... this makes me happy... we are buynig a house in the next year or so... hopefully the keep dropping

[aquabat911sc]

not gonna lie to you... this makes me happy... we are buynig a house in the next year or so... hopefully the keep dropping

I'm with you, my fiance and I are looking to buy in the next year or two, so we keep hoping for continued slide.

Too many people got in way over their heads with interest only loans and huge seconds, and now they are paying for it. It infuriates me that the government is even considering helping out people just because they were financially irresponsible. Let the markets level out naturally.

[EDM]

Just hope it drops enough for us single income people to afford a place of our own.

[kooz]

Just hope it drops enough for us single income people to afford a place of our wn.
+1

[bugzy]

if anyone needs help buying a home, i got a really close friend that can help with home buying

http://www.teamsandiegohomes.com/

Here's his website, his name is John Flores .... he brought all the sound equipment for the Big SoCal Euro GTG at Qualcomm ... and he's a personal friend

he's been doing house sales for a long long time and isnt a salesman kinda guy ... just good overall person if you got questions about the market and values, loans

im sure he'd help out the SCE guys with basic stuff, even if your not going through him