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

To: gregor_us who wrote (14344)	3/29/2011 1:02:43 PM
From: bentway	2 Recommendations Respond to of 119358

As a former Clownifornian, CA is the KING of urban sprawl, built for cars and cheap gas. It's where the heroic uber-commute was INVENTED! I myself commuted 66 miles one-way a day for a year (on my lane-splitting crotch rocket) to service a lucrative contract programming job. I have some relatives that bought a house in Corona, because it was nice, affordable and got them out of S. Central, yet both work in downtown LA. 50 miles to the LA city limit! Each notch the price of gasoline goes up, it just increases the pain, and closes in on the unsupportable. What price before people start camping near where they work, only going home on weekends? Laugh now..

To: gregor_us who wrote (14344)	3/29/2011 1:33:48 PM
From: CalculatedRisk	6 Recommendations Read Replies (5) \| Respond to of 119358

Thanks! Yes - I called the double dip in housing correctly - so far so good. And yes, I correctly called both the bubble / bust - and the weak recovery. Thanks for remembering! I agree that energy prices are a significant risk - and I've been highlighting that risk. There are several other key risks too: Europe, an oil supply shock, state and local government issues are some. Plus we still have a long ways to go before the housing market returns to normal ... As far as definitions, I've always used 10% decline in real GDP for a depression (a pretty common definition). I've pointed out that others use different definitions, and by some of those the severe recession looked very much like a depression. But by the common definition, no. It takes a long time to recover from a credit bubble ... I wish we could have stopped it back in 2003 or 2004 when it was obvious to everyone on the original housing bust thread.

To: gregor_us who wrote (14344)	8/7/2013 11:17:54 PM
From: tejek	Respond to of 119358

Oil reserves hit highest level since 1985, report says Several bills that would restrict fracking have stalled or died in the California Legislature. Lawmakers have been looking into the issue in earnest as oil companies explore California's Monterey Shale, a vast span of deep rock deposits that is estimated to contain 15 billion barrels of oil. That's roughly four times the amount in North Dakota's Bakken Shale. read more................ latimes.com

To: gregor_us who wrote (14344)	12/16/2019 7:14:37 PM
From: John Vosilla	Respond to of 119358

Housing is not only crashing a second time but the twin effects of a burst credit bubble and peak oil foretold such an outcome. Pretty easily. You have been tagging your posts, however, the past year with the view that the economy was recovering, and that a second leg down in housing would be mild. gregor_us at 3/29/2011 11:56:07 AM Wondering for a friend just how many of the 28 people that recommended this post still around here...LOL