Predicting future prices is a dangerous game. Trying to predict peak prices during a mania is like predicting the future behavior of an insane person. By definition their nature is not predictable and thus trying to determine what they’ll do tomorrow may be a fruitless exercise. Yet now that we are slowly [...] Related Posts: ■ How Many People Overpaid for Their Home in Los Angeles County? Trying to get a Raw Number of Households Underwater. ■ Housing Contradiction: Home Prices Down = Sales Up. Any Questions? ■ There will be Housing: How we’ve Returned to Selective Market Ignorance. ■ The Abyss is Deep: The Housing Abyss is Deep: 4 Major Reasons Why Housing in Southern California is Nowhere Near a Bottom. ■ The Quest for Accurate Housing Prices: Three Counties and Multiple Prices.

California, the epicenter of the housing bubble is facing difficult times. It is becoming rather apparent that this housing bubble has the risk of causing a worldwide recession. It is hard to imagine until you look at the facts how this bubble got out of hand so quickly. The foreclosure problem is [...] Related Posts: ■ California a Red State: Analyzing the Myth of Homeownership for all. ■ The Map of Misery. If Misery Loves Company it must Heart California’s Housing! ■ A Tale of 5 Cities: Not All Bubbles Burst at the Same Time. ■ The Evolution of the Los Angeles Housing Bubble. 50 Years in Perspective. ■ OC Down $42,000 in one-month. Where is the Mainstream Media?

One of my favorite economic blogs is Mish’s Global Economic Trend Analysis. Mish has been blogging about economics and the ultimate busting of the credit bubble for years, standing by his economic model in the face of nearly everyone touting some sort of new paradigm. It takes guts to stick with your [...] Related Posts: ■ Housing Bloggers Unite: The Housing Blogger Network (HBN) has Started. ■ Housing Bubble Blog News on the Decline Year-on-Year? What is Going On? ■ Who Cut the Rates? California Dreaming and Double-Speak Housing. ■ How to Profit from the Coming Real Estate Bust: Interview with Author John Rubino ■ What Did I Tell You? If a Butterfly Flutters in Brazil The Subprime Market Will Collapse. Dow Down 415+ Points.

Since Governor Schwarzenegger took office in October of 2003, he rode in promising no tax hikes and sent a very unpopular vehicle fee out the door along with Gray Davis. He has faced issues with budget delays but nothing like the current short fall. The Governor announced plans for declaring a fiscal emergency [...]

Public opinion is a permeating influence, and it exacts obedience to itself; it requires us to drink other men’s thoughts, to speak other men’s words, to follow other men’s habits. -Walter Bagehot To turn on the television or read a national newspaper, you would think that each housing market has suddenly burst in perfect unison. It’s [...]

Driving around this weekend, I was listening to a local real estate radio show that I’m sure many of you have heard. One of the calls again demonstrates that we are nowhere near the bottom of this housing bonanza. The call went as follows and I do paraphrase: Host: “How can we help [...]