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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Tenchusatsu who wrote (228167)	4/7/2005 5:10:48 PM
From: tejek	Read Replies (2) \| Respond to of 1573682

Thanks, Impristine. Just heard over the radio that occupancy rates in SoCal are 97%, which is causing rents to rise even higher than they already are. Those speculators aren't likely to get foreclosure notices for a while. Many of those speculators are not getting enough rent to cover their monthly nut but are willing to put up with the shortfall because of rising appreciation. What happens when a housing bubble pops is much like what happens with the stock market........everyone panics and tries to sell at the same time. Spec'ers are the first to sell because of the ongoing pain from the monthly shortfalls on their spec property. That forces prices down dramatically. Generally, its believed there isn't much of a bubble in most areas of the country. However, S. CA is one those markets where bubble like conditions do seem to exist. It would not surprise me knowing what I know of S. CA. ted