tag:blogger.com,1999:blog-6616959642391988608.post7344645896960640966..comments2024-03-28T00:18:25.641-07:00Comments on Calafia Beach Pundit: Mortgage rate updateScott Grannishttp://www.blogger.com/profile/14028519647946868684noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-6616959642391988608.post-63608560542189495252009-06-15T11:01:23.316-07:002009-06-15T11:01:23.316-07:00Pricing for tech stocks post the bubble were still...Pricing for tech stocks post the bubble were still clearing in the $100's but eventually hit lows in the single digits.<br /><br />It is very common for people to equate the current value to the most recent past.<br /><br />The thinking goes if it was $600K 12 months ago, it must be a steal @ $400K. Sorry, life isn't so black and white and housing is a more sticky market than equities or Public Libraryhttps://www.blogger.com/profile/00017383928897945054noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-74382925028656816182009-06-15T09:50:02.884-07:002009-06-15T09:50:02.884-07:00Real estate horror stories are everywhere. Houses ...Real estate horror stories are everywhere. Houses in the Inland Empire of So. California are selling for 50% off the highs. But the important thing is that they are selling, and in many cases there are bidding wars. Sales activity is up strongly. This market is clearing. Just because prices have fallen substantially does not mean prices have to continue falling.Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-85494914784092319592009-06-15T08:49:02.296-07:002009-06-15T08:49:02.296-07:00This goes back to a post I made monts ago about dr...This goes back to a post I made monts ago about driving around Irvine and witnessing all of the vacant buildings. This one sold for 40% below construction costs...<br /><br />http://www.calculatedriskblog.com/2009/06/office-building-sells-at-40-below.htmlPublic Libraryhttps://www.blogger.com/profile/00017383928897945054noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-68314129647864133862009-06-15T08:31:33.693-07:002009-06-15T08:31:33.693-07:00Housing has another 15-20% down leg to go. Buyers ...Housing has another 15-20% down leg to go. Buyers should hang in there for another 3-4 years. There is no need to try and catch a falling knife. Let the blood run into the gutter drain first.Public Libraryhttps://www.blogger.com/profile/00017383928897945054noreply@blogger.com