Funny. The Redfin chart shows normal inventory levels and falling prices.
http://www.redfin.com/zipcode/92101
Also, what about these important big picture issues?
WHY REAL ESTATE HAS NOT BOTTOMED YET.
Things yet to unfold:
---------------------
* ALT-A / OPTION ARM tsunami
* PRIME forclosures due to high unemployement
* Underwater mortgages
* Commercial real estate collapse.
Temporary, artificial stimulants:
---------------------------------
* Artificial Moratoriums
* $8K tax break
* Emergency government bailouts
* Trillions spent, problems worsen
* Artificially low (FED) rates.
Happening now:
--------------
* Unemployment
* Fear (affects home sales, consumer spending)
* Reduced consumer spending
* Reduced consumer debt
* DOW is still down from 14,000
* Credit crunch: HELOCs and credit cards
* Global economy tanking
* Deflation — August 13, 2009 1:51 p.m.
Buy Foreclosures Now Before it is Too Late for Downtown San Diego Condos!
Funny. The Redfin chart shows normal inventory levels and falling prices. http://www.redfin.com/zipcode/92101 Also, what about these important big picture issues? WHY REAL ESTATE HAS NOT BOTTOMED YET. Things yet to unfold: --------------------- * ALT-A / OPTION ARM tsunami * PRIME forclosures due to high unemployement * Underwater mortgages * Commercial real estate collapse. Temporary, artificial stimulants: --------------------------------- * Artificial Moratoriums * $8K tax break * Emergency government bailouts * Trillions spent, problems worsen * Artificially low (FED) rates. Happening now: -------------- * Unemployment * Fear (affects home sales, consumer spending) * Reduced consumer spending * Reduced consumer debt * DOW is still down from 14,000 * Credit crunch: HELOCs and credit cards * Global economy tanking * Deflation— August 13, 2009 1:51 p.m.