If anyone was expecting a spring bounce from the housing Easter Bunny they’ll need to wait for another year. Frankly, all this hyperbole of reaching a bottom is wishful thinking and is completely devoid of the economic realities surrounding us. But what can you expect from an industry that kept chanting a mantra [...] Related Posts: ■ Southern California Housing Numbers Exposed: The Bottom Falls out of the Housing Market, Again. ■ Real Homes of Genius: Two For One in Compton. Southern California Housing Bubble Hangover. ■ Top 55 Housing Resource Blogs: Gaining a Solid Foundation in Housing and Finance Information. ■ The Abyss is Deep: The Housing Abyss is Deep: 4 Major Reasons Why Housing in Southern California is Nowhere Near a Bottom. ■ C.A.R. says 2007 will see a -2% Drop in California. Does This Feel like a 2% Yearly Drop?

A reader sent in a fascinating story from the L.A. Times (hat tip Exit) discussing the impact of the housing market on plastic surgery. If you’ve noticed recently that people are looking less like Hollywood stars and more like average folks, you can blame it on the disappearing equity. Here in Southern California [...] Related Posts: ■ 3 Things I Learned from Watching Property Ladder: Lack of Fundamental Analysis, Misunderstanding of Construction Time Lines, and Too Many Real Estate Books. ■ Lords of Housing: Believing in the $22.5 Trillion Housing Market. ■ Forecasting the Societal Impact of the Housing and Credit Crisis: Recession Trends and Psychological Changes Regarding Housing. ■ The Menace of Mortgage Debts: Lessons from the Great Depression Series: Part IV: Where do we go After the Housing Crash? ■ Real Homes of Genius: Today we Salute you Pasadena. $87,000 off in 2 Months for 937 Square Feet.

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?

The DataQuick numbers for Southern California were released today and the numbers were astounding. Yes, I’m sure that you’ve heard that line probably a thousand times in the last year but in reality, each month gives more and more insight into the absolute corruption and malfeasance that propelled this housing bubble to its [...] Related Posts: ■ Do the Herd Dance: I’ll Sell if you Sell! Woo Woo! ■ Real Homes of Genius: Today we Salute you Monterey Park. 800 Square Feet for $479,000. ■ The Short Sale Report: Volume 1 – The True Barometer of the Housing Market ■ Top Ten Housing Markets to Fall. The Answer May Surprise You…Not! ■ Southern California Housing Numbers Exposed: The Bottom Falls out of the Housing Market, Again.

“Anyone who lives within their means suffers from a lack of imagination” -Oscar Wilde The housing market in Southern California is similar to skydiving, except with a small caveat of course. You are told by the expert skydiver that you are all ready to go once you reach maximum elevation. As you get [...] Related Posts: ■ The Church of the Fed: Praying for Rate Cuts and SoCal Short Sales ■ Riding in the Short Bus of Housing: Southern California Short Sale Numbers. 1 in 10 Homes is a Distress Sale. ■ San Diego Down 4.5 percent YOY - or $42,000 from Peak. ■ Is Housing the Next Rocky Balboa? Only 2007 Will Tell… ■ Yearly Income, $14,000. Purchase of House, $720,000. Have we All Lost our Minds???

Now that was an interesting start to the week. Can you believe that we are only 3 weeks into the year? Anyone that can tell you they predicted this playing out exactly this way is flat out lying to you or should be given some sort of award for forecasting. As many [...] Related Posts: ■ Big Ben and the Ministry of the Fed: Housing Doublespeak. NovaStar Shining. ■ C.A.R. says 2007 will see a -2% Drop in California. Does This Feel like a 2% Yearly Drop? ■ The History of the Los Angeles County Housing Bubble (2000 – 2007). Proudly a County of a Renting Majority. ■ The Short End of the Stick: Examining Short Sales in Southern California ■ When will my home cost me an ARM and a leg?