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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: russwinter who wrote (56518)3/22/2006 3:38:47 PM
From: ild  Read Replies (3) of 110194
 
Coto De Caza is not representative of Orange County. It's a small community in the hills where recently there were many luxury houses built on golf courses. It's a local mini bubble. Homeowners over there will face declining values, high property taxes, high maintenance fees and burning hot weather in summer.

County wide RE sales are slow and inventory is building. Last year inventory for sale bottomed on 3/17/2005 at 4,594. Today it stands at 10,333
idorfman.com

IMO inventory needs to go to 18,000 in order to decisively weight on prices.
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