John

ask the tax payers to bail you out. - Yesterday, 18:58

here are my 10 reasons not to buy in the dublin/pleasanton/san ramon area. 1. over priced. 2. over priced. 3. over priced 4. highly valued. 5. really over priced. 6 totally ready to crash. 7. will crash. 8. prices coming down. 9. 50% cuts ahead. 10. sorry couldn't resist antagonizing the cheer leader "real estate experts" oh, did I forget to mention 9% jumob loan rates, banks not giving mortgages and needing 30% down payments....nice opportunity cost there. - Yesterday, 18:55

banks are broke. they should not be lending for homes at these prices. finally, i am hearing banks and builders souring relations over banks not wanting to pimp the over prices, boxes being sold for 1 million american dollars. - Yesterday, 18:50

Bear Market Rallies. Don't get fooled. Market will not recover for the next several years. No one knows how long. Another 50% correction is needed in some parts of CA to get in line with historic norms. It will happen slowly. - Sat Jul 19 2008, 03:26

the people whose income depends on NOT understanding what is going on the housing market are never going to confess that those who bought in the last 5 years have lost money and over-paid. Moreover, the fundamental disconnects, and failing credit market will prove that housing a large, depreciating, ill-liquid asset for the next 5-10 or 15 yrs. Serious structural changes will have to be made in the banking industry, i.e. appraise using value of land plus construction cost, 40% down on homes and real income to prove that you can pay for all your expenses; not just your house. This will cause the buyer pool to shrink. Demographics are also pointing to major drop in home values. Baby boomers will be "cashing" in selling large homes that they have owned for years due to illness, downgrading, death, etc. Supply will be huge. - Sun Jul 13 2008, 08:56