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A time capsule of the greatest financial mania in the history of mankind, told in real-time by regular folks and patriots. May future generations better understand the madness of crowds, and how power and money corrupt.
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14 comments:
AND San Diego 22,250! a population adjusted record. . .
Now, why am I sitting around on a nice day here in SD at my computer?. . .waiting for the LANDLORD's repair man to come fix my microwave . . .at the Landlords expense!!!. . .another nice thing about renting - something broken - call the landlord.
we'll see records in almost every american city during this collapse
stay tuned
I think miami is going to be especially harsh when all those new condos come on line - right when the others already bought go back on market
also watch for lots of condo cancellation stories
good god i'd hate to be a developer today
The inventory increase has accelerated and reached 50,000 three days before I expected. I have no idea when the inventory increases will stop nor reverse, but it will a long time.
when will it hit 75,000
I predict by dec 31 06
what's your prediction.
Well if people keep moving to Phoenix and the builders stop building until inventory is absorbed there may be hope for a soft landing in Phoenix. I think the builders will keep building as the majority of people who move there will want new and with all the incentives will buy from the builders as they will get more, new, their choice, for less than the greedy homeowners.
Still, I think the inventory will continue to rise and will peak around 70,000 as long as interest rates stay below 8% and unemployement below 7%.
hold on, we're not there yet. ziprealty's been playing with us. went from 49,999 down to 49,812. 50,000 will have to wait until tomorrow, folks!
God god is it hot here. I moved from San Bernardino and cant stand it. Got a job offer in N Carolina. I'm walking from this house and taking it.
Bakersfield is better than Phoenix.
I have heard that for every 3 people that move in to Phoenix 2 move out. It ain't for everybody. Hot and rains mud in the summer. Godd 'ol Monsoon. It ain't even hot yet. Wait until July. Heck , the humidity today was only 4 Percent. It's just a dry heat. But not for long. Monsoon just around the corner. Poor people that came and can't sell now. My neighbors are perfect example. Want out of here BAD! Hate the heat ! But they are stuck ! HA! HA! HA!
Well they are saying these days that 50 is the new 30.
In 6 months they picked up 25K but now thungs will go nuts. I say 75K by Sept 06.
"Bakersfield is better than Phoenix"
Wow amazing. If I were to list the ten places I would rather die than live in
those cities would be numbers 1 and 2.
Scottsdale is a land of silicone parts and leased Hummers.
What kind of person is attracted to such things. Trashy? Empty? Tasteless? How about all three.
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