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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Peter V who wrote (127762)	6/7/2008 12:29:15 PM
From: BWAC	Read Replies (2) \| Respond to of 306849

<<ECONOMY TAKES A DOUBLE HIT Front page headline on LA Times Unemployment, oil prices advance, piling on economy>>> People getting desperate out there. 10 cars on my street got broken into last night. All were sitting in driveways, at houses with flood lights on.

To: Peter V who wrote (127762)	6/7/2008 1:15:32 PM
From: John Chen	Respond to of 306849

" crude leaps to $138 a barrel"... ... It's 90's outside, 82 inside. I'm 1/2 naked (good things kids are grown), a bucket of water on the side ( to dig the towel in and rub on the body once in awhile, not as bad as it appears to be ) ... going out to public air-cond place (use the car-pooling model, AC pooling ) ... run the AC when the difference in temperatue is not as huge (playing with number here ) but no later than 3 hours before going to bed, still need some comfort ... extreme time takes extreme measure ... electricity rate went up 20/30%, cut down usage by same to compensate for it ... what inflation :), the thing I can have effective measure. ... But the cost of everything else went up. Maybe I need to be on stricter diet, eat less. See doctor less often. Do everything less to compensate for the cost increase. Yes, next baby-boomer time. Hope they lower the price of Viagra. ... these will be a few of my favorites things this summer.

To: Peter V who wrote (127762)	6/8/2008 11:24:04 PM
From: gregor_us	Read Replies (9) \| Respond to of 306849

I Think California is Headed Towards Something That Will Feel like a Depression. When I think about the growth in LA, Orange, and SD counties that took place in the last 50 years, and how nearly all of that growth was made possible by cheap gasoline, I cannot imagine how that massive land area which is now a gigantic suburb will handle 6.00 dollar gasoline. And then 8.00 dollar gasoline. "So Cal" is totally naked, as it stands before the freight train of oil depletion. It has no virtually no hedge whatsoever in the form of public transport, or walkable cities. And this is all unfolding on top of the bursting of an historic housing bubble? I practically have to sit down, because just thinking about it makes me dizzy. I know So Cal extremely well. I also know the Central Valley, and the SF Bay area. But I have driven alot of miles in LA, Orange, and SD counties, and lived there several times. The SD Trolley system is a good start, and so is the LA Light Rail. I do wonder of Americans from other parts of the country however can fathom the great expanses however in these 3 counties and how the distances and the houses just go on, and on forever. The bottom line is that the slice of the population served by public transport in So Cal is tiny. In addition, how are municipalities going to handle the twin bombs of the housing bust, and, permanently high oil prices? They are all uber-leveraged to the auto complex as well. Meanwhile, in the Central Valley, where you would think some moderate support would be flowing through from the boom in agricultural commodities, the housing bust is turning places like Merced and Stockton into Hoovervilles. I'm wondering if there will eventually be a buyable bottom there. But one rather enormous, and scary development that looms is that--after 2 decades of warnings--it does look like CA is going to finally have a serious water problem. In fact, it looks to me like this time it could overtake the State's ability to deal with it. Yikes. Gregor