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I don’t remember a moderate Democrat doing well in any California election in my lifetime. I think the moderate will come from the GOP, which is too dumb to realize how to win is just be less extreme then your opponent.

Post Covid, they defiantly vote dumb. How many unnecessary lockdowns and business restrictions for everyone except themselves and their donors happened on a weekly basis… yet we just act like sheep and worship them for enriching themselves and hurting us regular people with no rich daddy and...

I don’t get Californian voters… so smart, yet complete idiots when voting.

Can anyone confirm if all new building in portola springs has stopped? I saw hillside workers finishing up their last units, but I haven’t seen any activity in the newer Fiore or Lapis. Hoping Cal Pacific keeps building or lowers prices.

we would be fine with that actually. Our cooking is simpler and cleaner than that of my parents. We barely use the living room, so a smaller setup there is probably ideal. I greatly regret not buying a 2000 sq ft unit in PS in 2019 with everything you just said. Maybe it’s a a generational taste...

I wonder if we will follow Canada and ban foreign buyers temporarily. They make up most FCBs

If housing hits a decade long peak, will IP still pause and not build… I have to wonder here

2008-2009 was criminal intent (Fraud). This would be people over leveraging. Whether their ignorance is a valid excuse is not relevant to the court. But you are right... people are crazy these days. I'm sure Fed officials and the judges are worried for their safety these days. But I still stand...

Supreme Court would overrule that, granted it would take a year and slow the whole process down again.

Thanks. Just wondering if low balling some short sales that look in terrible shape and will need repair work worth it.

I know the difference between a short sale and a foreclosure, but from the lender perspective, are they willing to negotiate more on one vs the other? Since the lender is already taking a hit on the short sale, would they be willing to negotiate even lower on the price? Just how much do they...

Let's go Volcker 2.0 . I expect Powell to have mutiny like Volcker did and stand his ground. Mortgage rates to 8% and unemployment to 5%.

Thank you. I don't think we'll be seeing foreclosures for at least another year, so this might just end upb eing a lot of nothing happening

Are people actually making good money on renting these? If so then high rates really is the only way to solve this… make bond yields so high that it makes more sense to buy bonds than real estate for cash. From what I’ve seen rents have fallen the last few months on these larger units, but...

I actually like the smaller one, but it’s still too pricey and a bit too noisy for my liking. Edit… wow… they are asking an insane amount of money for that unit

I I’m in the minority camp that mortgage rates have not seen their peak this cycle. 8% 30 year is still my target and I think it comes mid next year.

I think another 15-20%

The excessive reliance on Mainland Chinese buyers does.

I do feel they will go back to below 2019 prices, which means we still have a long way to go.

Correct. They are down from peak but still up year over year… it’s ridiculous