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

To: gregor_us who wrote (127924)	6/8/2008 11:29:29 PM
From: 10K a day	Respond to of 306849

True. That was excellent btw.

To: gregor_us who wrote (127924)	6/8/2008 11:39:09 PM
From: John Chen	Respond to of 306849

" I practically have to sit down, because just thinking about it makes me dizzy.". Very funny, the lines, not the 'situation'.

To: gregor_us who wrote (127924)	6/8/2008 11:53:00 PM
From: Proud Deplorable	Respond to of 306849

"how are municipalities going to handle the twin bombs of the housing bust, and, permanently high oil prices? " there will be a mass exodus from California the same way they came here in the first place

To: gregor_us who wrote (127924)	6/9/2008 12:34:23 AM
From: kikogrey	Read Replies (3) \| Respond to of 306849

Ya I live in the OC and there's so nothing here. If you sit outside the weather is perfect, breeze off the ocean, no humidity or bugs, don't need AC in the summer or heat in the winter and I can walk to the beach. No inherent value here.

To: gregor_us who wrote (127924)	6/9/2008 6:57:35 AM
From: Dan3	Respond to of 306849

Re: 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. There was a story on the radio last week interviewing people living in their cars and compact trailers. "Bushvilles" are rows of vehicles parked along side streets in which families live as opposed to the tent towns of Hoover's time.

To: gregor_us who wrote (127924)	6/9/2008 9:37:23 AM
From: 10K a day	Respond to of 306849

that post scared the crap out of me.

To: gregor_us who wrote (127924)	6/9/2008 11:26:46 AM
From: Peter V	Read Replies (2) \| Respond to of 306849

I think you nailed it. Good Post. So Cal defines urban (and suburban) sprawl. You can't get around without a car here. Well you can, but it takes hours to get anywhere. Although I'm headed to the burbs, I'm primarily going to be working out of our satellite office in the same burbs. Today I'm going to offer to lease a place that is walking distance to that office, as well as shopping centers. It will be quite a change from my current super-quiet canyon digs, but in light of everything, probably a good move for me.

To: gregor_us who wrote (127924)	6/9/2008 4:01:12 PM
From: Night Trader	Respond to of 306849

Looks like it's the rural US rather than California that's suffering: nytimes.com Coastal California in particular tends to high incomes. Personally I walk half the time here in downtown Santa Barbara and mostly only drive to go somewhere to run. It would be nice to have better Pub Trans here but it's hard to get people out of their cars. It's like that Onion parody: Pub Trans is great for other people.