Retail sales dip unexpectedly, jobless claims rise
U.S. mortgage rates rise, may curb demand: survey
U.S. home foreclosures set another record in July
Pretty grim stuff, my friends.
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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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But if you cook 'em just right, you got chitlins!!!
ReplyDeleteYeah, and it's only going to get worse.
ReplyDeleteThe worser it gets, the bettah for those of us looking for a good deal on a nice property in the LBC. Something that hasn't happened since, well about 1999...
ReplyDeleteI say bring the pain!