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

To: Skeeter Bug who wrote (238553)	2/16/2010 2:55:22 PM
From: Beachside Bill	Read Replies (2) \| Respond to of 306849

And above Skeeters interest rate... taxes higher and services cut. I know Marijuana is legal in CA... but reality must hit sometime.

To: Skeeter Bug who wrote (238553)	2/16/2010 3:04:09 PM
From: Peter V	Read Replies (1) \| Respond to of 306849

When interest rates rise, I "suppose" that that the coast will fall faster than the Inland Empire, as absurdly priced housing gets even less affordable. See my previous post for details. Your insult about my supposed "beliefs" regarding interest rates has no basis in anything I've ever said. In fact, I've said MANY times that rising interest rates will be the true death knell for housing prices.

To: Skeeter Bug who wrote (238553)	2/16/2010 3:34:48 PM
From: Skeeter Bug	Respond to of 306849

i read quite well, Peter... >>We agree that inland CA has probably bottomed<< If you think housing has "probably bottomed," you believe that interests rates probably will never go up significantly or, if they do, they probably won't impact housing prices in inland CA. also, imho, you should compare housing prices to other periods of economic collapse, not previous bubble highs. how is that looking?

To: Skeeter Bug who wrote (238553)	2/16/2010 4:06:26 PM
From: patron_anejo_por_favor	Read Replies (1) \| Respond to of 306849

The Inland Empire will bottom when housing prices fall well below cost of construction, just like everywhere else. Nothing unique about those places, except the amounts they pay municipal employees.....<NFG>

To: Skeeter Bug who wrote (238553)	3/2/2010 1:41:11 AM
From: John Vosilla	Read Replies (1) \| Respond to of 306849

'what do you suppose will happen in inland CA when mortgage rates go above 8%?' In stagflation people stay put and enjoy those 5% fixed rate mortgages and very affordable payments like many did in the 1970's. This will offset lower demand due to rising rates. Amazing few ever bring up that if you look at the history the heartland performed much better than the higher cost coastal areas that decade. The coasts took off in the 80's with Reaganomics<g>