tag:blogger.com,1999:blog-5140004705538204727.post5700853373410459716..comments2023-12-16T04:08:06.419-08:00Comments on Real Estate in the LBC: A 10-Year Planel beehttp://www.blogger.com/profile/14187665973956068496noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-5140004705538204727.post-36999412715420737952008-12-02T09:08:00.000-08:002008-12-02T09:08:00.000-08:00You all missed the LBC truth in advertising award ...You all missed the LBC truth in advertising award winner for 2008:<BR/><BR/>"fist-time buyer"<BR/><BR/>got to gives credit where credit is due!!!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5140004705538204727.post-52560995841911216902008-12-01T10:21:00.000-08:002008-12-01T10:21:00.000-08:00I disagree that the $250k-$350k doesn't have a lot...I disagree that the $250k-$350k doesn't have a lot left to give. those are decidedly the lower third of the housing stock, and should be affordable to the median income households. since the median household income is $50k, that means 3x-4x, so $150-$250k is the target.<BR/><BR/>Really, how many households who make $125k, would be happy living in north long beach or stanton? this is the upper third of the income ladder, and they are going to want and get a nicer area of LB or huntington.<BR/><BR/>Look out below!<BR/><BR/>FreedomCMAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-5140004705538204727.post-78138257082481882612008-11-30T11:03:00.000-08:002008-11-30T11:03:00.000-08:00"There are plenty of $400.000 - $500.000 houses ro..."There are plenty of $400.000 - $500.000 houses rotting on the market to fill up the $250.000 - $350.000 vacuum in the near future."<BR/><BR/>That's what I was thinking. I understand the the logic of the Realtor's opinion: The low end of the market, which has absorbed the most severe equity punishment, doesn't have much more to give.<BR/><BR/>But what happens when a "new" low end is created from all the "prime" properties purchased with Liar Loans and Option ARMs? <BR/><BR/>It's weird that people think "it can't go any lower" just because. There is no economic or fundamental evidence of a bottom in LB, but people just want so believe so badly.<BR/><BR/>As soon as San Diego, which was among the first to inflate (and subsequently crash), shows strong signs of bottoming out, I'll know we're about a year from a bottom in LB.el beehttps://www.blogger.com/profile/14187665973956068496noreply@blogger.comtag:blogger.com,1999:blog-5140004705538204727.post-44561231530174519122008-11-30T10:24:00.000-08:002008-11-30T10:24:00.000-08:00<...buyers waiting for a bottom in houses below...<...buyers waiting for a bottom in houses below $350,000 have "already missed it" and "under $250,000 there is actually a shortage of good houses to buy!"><BR/><BR/>Don't panic. There are plenty of $400.000 - $500.000 houses rotting on the market to fill up the $250.000 - $350.000 vacuum in the near future. Obviously the so called real estate professionals can be right; they know something I don't (and it makes me nerveous). Next year a large pool of first time home buyers with $125.000+ income and 750+ FICO score going to sweep the $400.000 - $500.000 market...<BR/><BR/>L_Thek_OnomicsAnonymousnoreply@blogger.com