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Some interesting real estate comments I have seen in the last few days (and I mean just the last few days)...OWP "David Rosenberg, Merrill Lynch’s chief North American economist, "We get nervous when we see things move parabolically north, because no asset class at any time ever failed to...

No doubt about the culture of downtown LA being devoid...just no one there after work gets out. No one actually lives in downtown LA. People go to Pasadena, etc for night life.

lol...well put! I like that...."top tics his ass!"

Exactly. Steve D's simplistic Realtor cheerleader arguments do not allow for bubble euphoria, crowd behavior, or any manifestation. If you examine his posts, they are just a re-wording of Realtor speak over and over...ie: properties and houses are referred to as "homes", phrases like "desire of...

I'm not from Florida, rather a life long Californian. When I did visit Florida once I was absolutely struck by how many obese people all around. I have never seen a state so overweight. Saw this piece today on another message board this morning. I pasted below (not written by me!) Any truth...

Greed blinds all. It's pretty bright out there, wear your sunglasses. :-)

I would say that is a fair statement...in YOUR Houston, from YOUR realtor point of view. But in California, Florida, D.C., Boston, and other bubble areas, while you could still strictly argue it is "simple supply and demand"... I would add that people, in the very short term, get caught up...

Pricing in parts of Santa Barbara is just breathtaking. No one could ever fault you for "blinking" and taking profits off the table. It may be early to take profits, who really knows, but all the signs of excessive speculation are there. Gotta book a profit to make one... I pity the person...

Quote from Covertibility: "Buying based on fundamentals is the only viable method of investing and trading. Buffet, Templeton, Peter Lynch,etc. etc..." So I guess then it counts when Buffet takes real estate profits "off the table"? OWP...

Why not take the money and move to something like this...3300sq feet and nice looking, good weather, low crime, no state taxes. If the kids want to visit, buy them a plane ticket and pick them up from the airport. Probably takes less time than L.A. traffic anyway! lol...

I was thinking exactly the same thing when I read that.... It would SO pain me to write out a yearly tax check like that.

How about this for a bank??? http://www.coastcapitalsavings.com/Personal/Borrowing/Mortgages "No Worry Mortgages Coast Capital Savings No Worry Mortgages™ now make it easier than ever to become a homeowner. We’ve relaxed our lending guidelines to the point where just about anyone...

Yup, and most of those "fortunate" homeowners who had purchased a long time ago had fixed interest rate mortgages. They recently have gotten caught up in "gold fever" and swapped lower dollar fixed debt into a much higher debt (2 or more properties often) variable with a longer term than they...

lol... It is not my situation. The post was quoted from an article. Thought everyone would see the * " * marks and the link. I have no plans to move, although I too live in California. If I did, it would not be to Texas! Thankfully I own my own home, although I don't think I could...

We all need at least $250K salary to be able to afford a median-priced home in most coastal areas of California. Problem is less than 5% of the families are paid that well. The discrepancy between 50% of the houses and 5% of the population is huge. That means 45% of the houses are either...

http://thehousingbubble.blogspot.com/2005/05/tracking-down-reality-in-la.html#comments "I'm leaving LA. I'm 33 years old. We have a family income of 100k, minus @15,000/year in student loan payments, so effectively 70-80k. Two young children, ages 2 and 5 months. My wife stays home with...

I think this is the most revealing and illuminating post Convert has come up with to date about his personal investing style. Just keep reading those 10q's from Yahoo Finance and everything will work out for you! Damn those squiggly lines anyhow!

http://www.thestreet.com/_yahoo/comment/detox/10220902_2.html "..... The housing market has gone from nerve-wracking to downright horrifying. It's got to the point where there is simply no defense left for skyrocketing house prices. First, even at today's very low interest rates, mortgages...

Actually I called all traded companies potential "POS" and always view stock purchases as "just a trade". I do not believe on buying fundamentals, since there is so much dishonesty in disclosure (like the Toll Brothers conference call for one example). Since you insist on twisting words, here...