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how can a return of barely over 300K state median not mean a massive revenue crisis for every level of our govt? aren't we going to be paying debt on 17 billion dollars of notes over the next year as Arnie finally sabotages the provision against state debt in our constitution once and for all...

as i understand it, reductions DON'T reduce your prop 13 basis. maybe someone forced to sell after riding it down from '89 to '93 can tell us.

I always thought Bellingham would be a great town once the stinky paper business died down a bit, as long as some new jobs came along to replace that business.

Roth is relevant if you think you'll need the income when you've retired. Days like today obviously can change the math on that one! It's too late to get into moneymarket/cash positions, at least 2/3 of the damage is done. if anything, free cash should try to move into this market...

September/October 2008 scorecard: Riverside county mcmansion UP Bank of america stock DOWN

"Almost everbody lost their money in their 401K. Very few people are 100% in cash. Even the Asian stock markets are loosing money." I've noticed that zillow has gotten their 10% "perkiness" factor back in southern california "Zestimates". Anyone who thinks this bailout bill is going to...

"To argue otherwise is insanity or will result in me posting more pictures of bong smoking." Paranoia and laziness have been two great attributes to have in CA real estate in the past 20 years.

i would honestly chill for a couple of years. this is a variation on the same value trap i've fallen into with my oil stocks. we're doing every single move the japanese did 12 years ago, and real estate values fell every single quarter sequentially for a decade there.

'santa ana' is indeed the answer, i would guess. many of those little SFRs are tumbling into the 150K range. finding a tennant with a steady job and without a dozen family members is the tough part.

jp morgan is near its all time highs, b of a is almost a 40 buck stock again, us bank is as high as ever. what crisis exactly is supposed to be happening?

it's funny, in the two big cocktail-party conversation macroeconomic metrics, no one ever looks at the other side of the coin. no one ponders that in the 'price of oil' discussion, the dollar is the real variable, just as no one thinks about the fact that rental prices aren't static (or...

I didn't know there were any Eichlers south of Santa Clara County, thanks for the post. I also always assumed that there was some kind of 'cultural revolution' in Orange County at the same time as the one in China, where everything built before 1970 was bulldozed (except for Main Street...

My favorite part of the FRE/FNM saga is the tens of millions spent on lobbyists. It is always wonderful to see a real synergy between the public and private sector.

Angelino Heights will be to the next run-up like Silverlake was to the last one, if I may speculate. Buy it all up in 2015 when it seems like total garbage!