Dr. Housing Bubble has an article today about the massive amounts of equity evaporating in the world of Long Beach real estate.
Brutal.
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LONG BEACH USED TO BE THE "AFFORDABLE" ALTERNATIVE TO OC AND LA, BUT AN INFORMATIONAL AND PSYCHOLOGICAL BARRIER IS PREVENTING LB FROM ACKNOWLEDGING THE SEVERITY OF THE ENSUING HOUSING CRASH, AS LONG BEACH REAL ESTATE PRICES NOW SURPASS THE OC IN MANY CASES. I CHALLENGE THE CONVENTIONAL WISDOM OF COMMISSION-HEADS WHO CLAIM "NOW IS A GREAT TIME TO BUY," AND I WANT TO HELP BUYERS ENSURE THEIR LARGEST SINGLE INVESTMENT IS A SOUND ONE.
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- el bee
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Heh, I love realhomesofgenius.
ReplyDeleteelbee, do you have redfin links for those?
FreedomCM
I don't. But I asked Dr. HB for some, so hopefully they're on the way.
ReplyDelete