tag:blogger.com,1999:blog-18675105.post113503506877488532..comments2023-12-30T10:06:37.450+00:00Comments on HousingPANIC - The Housing Bubble Blog with an Attitude Problem, 2005 - 2008: Fortune Magazine: Real Estate: Is the party over?bloggerhttp://www.blogger.com/profile/06585266242070350399noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-18675105.post-1135322404026377562005-12-23T07:20:00.000+00:002005-12-23T07:20:00.000+00:00I believe the $480K median price for existing home...I believe the $480K median price for existing homes in Oxnard, which has a severe crime and gang problem. New construction there is priced in the 600s and up, soon to be 500s and up and still not selling. I've lived in Camarillo and now live in Westlake Village. The air is much cleaner in Westlake Village than Camarillo, which borders Oxnard, both surrounded by agriculture, one of the most polluting industries in the world. Oxnard also has military bases and powerplants and stinks to high heaven. I also believe the crime stats for TO, WLV, and Calabasas. However if they included the major crimes committed in Calabasas, the headquarters of the nation's biggest mortgage lender, this number would just explode.<BR/><BR/>I agree with Robert Cote's comment, the downside predictions were weak. There will be drastic downside in Oxnard in 2006.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1135037806209162592005-12-20T00:16:00.000+00:002005-12-20T00:16:00.000+00:00A little explain; Fortune has an annual "Best Pla...A little explain; Fortune has an annual "Best Places to Live" series. They just grab some weirdly unconnected quality of life information and force them into a formula. Oxnard on the coast has an air pollution index of 110 but Westlake Village on the border with Los Angeles 38. Westlake Village is contigious with Thousand Oaks 72. Both adjacent Calabasas but each with half the crime of Calabasas. <BR/><BR/>In short, so fundamentally mistaken it isn't even wrong.Rob Dawghttps://www.blogger.com/profile/10042154106850545479noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1135036704598894972005-12-19T23:58:00.000+00:002005-12-19T23:58:00.000+00:00I thought the analysis was kinda whack... Mainly t...I thought the analysis was kinda whack... Mainly the results<BR/><BR/>Mabye instead of "median" they meant "price for a crack-den"?<BR/><BR/>Probably hired some high school kids to do the analysis as part of a Home Ec 101 class projectbloggerhttps://www.blogger.com/profile/06585266242070350399noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-1135035782488529292005-12-19T23:43:00.000+00:002005-12-19T23:43:00.000+00:00Don't trust the chart. Oxnard Area is listed as m...Don't trust the chart. <BR/><BR/>Oxnard Area is listed as median $480,300. Last month the median was actually $645,000. This is NOT an excusable error. If they predict flat for 2006 then they mean 30% reductions.Rob Dawghttps://www.blogger.com/profile/10042154106850545479noreply@blogger.com