tag:blogger.com,1999:blog-18675105.post4224288001630304551..comments2023-12-30T10:06:37.450+00:00Comments on HousingPANIC - The Housing Bubble Blog with an Attitude Problem, 2005 - 2008: HousingPANIC Stupid Question of the Daybloggerhttp://www.blogger.com/profile/06585266242070350399noreply@blogger.comBlogger56125tag:blogger.com,1999:blog-18675105.post-40782805660449336072007-10-10T17:14:00.000+01:002007-10-10T17:14:00.000+01:00Homedebtors Despise Content RentersWhy do some peo...Homedebtors Despise Content Renters<BR/>Why do some people equate apartments with disgusting?<BR/>We rent a nice spacious apartment near the beach in CA and people comment how large our living room is compared to most homes. My husband and I have bought unique art for the walls, I like to decorate (within our budget) and I am proud of where we live. It depends on the area, the building and the people who occupy the units. There are just as many single family dwellings that are uninhabitable and disgusting as apartments. We have homedebtor friends that can't afford any upgrades<BR/>because they are white nuckling it through this monstrous housing bubble. We are the last stress free holdouts in our social circle and proud of it.<BR/>Oh, and the social district we RENT in (the elementary school has an API score of 918 out of 1000. So buying for "the schools" as realtors push is a fallacy.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-40236329565977417512007-10-09T19:17:00.000+01:002007-10-09T19:17:00.000+01:00I'm a home-owner/debtor, who bought an existing ho...I'm a home-owner/debtor, who bought an existing house in an established neighborhood in November 2005. Knowing what I know now, I wish I were still renting. For what it's worth, I put 5% down, first fixed at 6%, second fixed at 7%. (The mortgage broker tried to stuff some weird negative amortization thing in on the second, but I nixed that.) House price was 2.8 x my gross income. So other than buying in at the absolute uppermost top of the bubble, I'm not a complete moron. Not everybody who bought on the bubble was, even if it wasn't the right move. <BR/><BR/>But guess what - even though I know the value is gonna drop, I still like having a detached house. I like that there's no loud neighbors on the other side of the walls, which is what I had when renting. I like that people can't just demand to come in to "inspect" or whatever, which is what I had when renting. There are nice things about having your own place, even if the investment side of it sucks.bobnhttps://www.blogger.com/profile/07715238134585125684noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-14905511086132674272007-10-09T18:02:00.000+01:002007-10-09T18:02:00.000+01:00You are leaving out a tax deduction of $500 a mont...You are leaving out a tax deduction of $500 a month and principle payback of $400 a month. Your $735 is gone and then some.<BR/><BR/>___________________________________<BR/>Here's my calculations on that<BR/><BR/>Of the monthly mortgage payment, $1,559/month is interest = $18,719/year<BR/><BR/>There's also $1,800/year in property taxes<BR/><BR/>So that's $20,519/year to put on my Schedule A. But, because I'm married, I already get $10,000 in a standard deduction. So the actual benefit is only $10,519/year.<BR/><BR/>In the 15% tax bracket that gives me a tax deduction of $1,577/year, or $131/month - not $500/month.<BR/><BR/>Likewise, the principal payment on the monthly mortgage payment is only $300/month, not $400.<BR/><BR/>So, subtracting $431/month from the mortgage payment, it is still $1,614 month out of pocket. That is $264/month ($3,168/year) more than the rental payment.<BR/><BR/>Oh, and I have no maintenance costs and there's that whole depreciation thing that I already talked about. I also forgot to talk about the opportunity costs of putting 20% down.<BR/><BR/>It's still a better deal to rent right now. I will buy when the numbers make more sense.<BR/><BR/>JymkataAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-9604932106242839442007-10-09T04:30:00.000+01:002007-10-09T04:30:00.000+01:00Dear Frank, You're incapable of independent tho...Dear Frank,<BR/> You're incapable of independent thought, and very close-minded. Let me give you the short of it:<BR/><BR/>I bought it as a home. I treat it as a home. Keith and the rest of the tinfoil hat crowd speak of houses purely as investments and in pure $$ terms. The FBs who thought their homes were ATMs/lottery tickets are panicking, as they have no plan B now that the free-money has dried up.<BR/><BR/>Unlike either group that dominates this blog, I am an independent thinker - that is, I see the reality that is the national housing market along with my local, and I can also filter out the bullshit that is Keith and the other bitter renters' hoping to time it right.<BR/><BR/>I find the people like you all highly entertaining. You spout "fundamentals matter", etc etc - and then ignore basic fundamental investment advice in lieu of betting/gambling on foreign appreciation, commodities, and other non-mainstream/basic investments. <BR/><BR/>I know I'm full of shit - but I'd have to go with the house and bet that none of you know that you are. So overall, who's better off? Sleep on it. <BR/><BR/>For the record though, I hate my fence - I should've hired some illegals to stain it. But, only 10 more hours to finish it finally.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-89955237304609914332007-10-09T02:06:00.000+01:002007-10-09T02:06:00.000+01:00Anonymous said... This home was listed for sale la...Anonymous said... <BR/>This home was listed for sale last December at $360,000. Assuming 20% down ($72,000), finance $288,000 at 6.5% for 30 years gives a PITI of $1,860/month. Add in $150/month for taxes and $75/month for insurance = $2,085/month.<BR/><BR/>So, already I'm up $735/month ($8,820/year) over owning and that doesn't include maintenance.<BR/><BR/>==========<BR/><BR/>You are leaving out a tax deduction of $500 a month and principle payback of $400 a month. Your $735 is gone and then some.<BR/><BR/>October 08, 2007 10:32 PM<BR/>--------------<BR/>And your forgetting about depreciation & that the 72k could have been in another investment vehicle. The tax deduction is based upon the owner's tax rate. Neither of you are pegging a heard number to the upkeep, which could be huge. So I think its a close call and could go either way.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-62655297149710285742007-10-09T01:51:00.000+01:002007-10-09T01:51:00.000+01:00No Lie...I live in an apartment my mom owns while ...No Lie...<BR/>I live in an apartment my mom owns while my last three houses earn just under 5% in worthless treasuries and real estate adjusts. Mom won't charge me rent and the place is walking distance from my 6 figure job, I have been there for 15 years. Sure I pay allot of taxes on the interest. Who cares, when my wife finishes medical school I guess I'll just do laundry and shopping in between fishing trips.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-20259854806267815542007-10-09T00:42:00.000+01:002007-10-09T00:42:00.000+01:00By and large I'd have to say that we're covetous a...By and large I'd have to say that we're covetous and envious, if not jealous, of those in a better financial position.<BR/><BR/>Currently, some of the people who are in a better financial position than me own more real estate, and some own less real estate. People who paid too much for, and can't afford, the houses, cars, boats, or dotcom stocks they bought are in a bad situation. I've got a comfortably affordable mortgage on a home which has (if you believe statistics) gone up in value 26% in the past year. I live in a city with a 1.2 to 1.4 percent vacancy rate for rental accommodation, and there's been a 6 - 10% rental rise in the past year.<BR/><BR/><BR/>The problem here is that while the contention here is always that the housing bubble is global, the examples presented are always from the same five or six states in the US.<BR/><BR/>Plus, I'd say the common refrain here is that the happy renters are simply waiting to swoop in on the market, once prices crash to some predicted fraction of the current market. So the renters don't have a principled stance against house ownership per se, they're simply reacting to unsustainable pricing and waiting for more reductions.<BR/><BR/>If homeownership is the goal of many renters (even HPers), then discounting the people who simply got themselves into trouble, I'd say the answer is obvious.<BR/><BR/>Mike FAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-22504469573682747652007-10-08T23:58:00.000+01:002007-10-08T23:58:00.000+01:00Whatever dude. I bought my first home in 2001 at t...<I>Whatever dude. I bought my first home in 2001 at the ripe old age of 26. If you were in your early 20s 10 years ago, you were around 26 in 2001 as well.<BR/><BR/>I sold that house in 2006 for $400,000 more than I paid for it.<BR/><BR/>You could have made a killing as well. You chose not to. You listened to people like Keith and other doomsdayers.<BR/><BR/>You fucked up. Don't blame age for that.</I><BR/><BR/>Can I blame that on age AND student loans then Mr. Arrogance?<BR/><BR/>But no, you are right. We are all stupid. We will forever be priced out of the market. Curses! The realtors were right. Buy now before its too late! Well, guess we have to rent for the rest of our lives then. I am curious who buys the homes in that scenario.<BR/><BR/>But it must be gratifying to live in your world, where you are smarter than the likes of Warren Buffett, George Soros, Robert Shiller and everyone else who made a living on statistical analysis and market savvy. Clearly, there is no bubble. Nope. You are 100% free and clear and housing appreciates 10% per year (or more) on a regular basis. No worries here.<BR/><BR/>One thing to add. I have been a reader of blogs such as Keiths and a few others (patrick.net) etc for several years now. I have posted a few times here and there. Yet to my knowledge, I have never found a need to post on boards who tout real estate or claim there is no bubble.<BR/><BR/>Now I wonder why it seems that trolls make it a mission to go out of their way to post on this and other boards, acting in a condescending fashion towards us "bitter renters" while we seem to not see the need to retort on their housing "Ra Ra" boards?<BR/><BR/>My answer to that paradox: we have nothing to lose in this situation except maybe a little time. However, for the home debtor or realtor, there is much at stake.<BR/><BR/>So with respect to the trolls who are trying to get us to bite by attempting to deride us, get this through your thick skull: the housing ponzi scheme is OVER. Remember the greater fool theory? Well guess what: that fool is YOU. And no matter how much you post and how condescending you will get, we will not budge. And 2-3 years from now, after countless Alt-A and prime loans have bought the farm, I wonder if you will still be around.<BR/><BR/>My suspicion is that our rolls will be somewhat reversed by then. We will be the home owners after purchasing at discounts while you will be the "bitter renter" after getting foreclosed upon and ruining your credit.<BR/><BR/>Oh, the irony.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-26597493534342694852007-10-08T22:52:00.000+01:002007-10-08T22:52:00.000+01:00We rent from a real estate agent who was so 'cleve...We rent from a real estate agent who was so 'clever' two years ago to let us rent the dump of a house she owns.<BR/> BTW. we also have heat paid for by her directly and I assume by us the renter indirectly.<BR/> She is sooo bitter that she wanted a guy to come by and setup a regulator so we couldn't adjust the heat to our liking. She soon dropped that plan.<BR/> My only concern is that she ends up being foreclosed upon and I guess we end up being out of here.<BR/>FUNNOMINALAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-56281392481021876172007-10-08T22:32:00.000+01:002007-10-08T22:32:00.000+01:00This home was listed for sale last December at $36...This home was listed for sale last December at $360,000. Assuming 20% down ($72,000), finance $288,000 at 6.5% for 30 years gives a PITI of $1,860/month. Add in $150/month for taxes and $75/month for insurance = $2,085/month.<BR/><BR/>So, already I'm up $735/month ($8,820/year) over owning and that doesn't include maintenance.<BR/><BR/>==========<BR/><BR/>You are leaving out a tax deduction of $500 a month and principle payback of $400 a month. Your $735 is gone and then some.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-54430947629056861622007-10-08T22:30:00.000+01:002007-10-08T22:30:00.000+01:00Frank@NeverColdCall.com said... I think that bi...Frank@NeverColdCall.com said...<BR/><BR/> I think that bitter renters are jealous of home debtors that have owned for 10+ years.<BR/><BR/> Yes I am jealous of those owners; however I was in my early 20s then and didn't have the credit or money to buy, because 10+ years ago you actually had to have credit and a down payment unlike the "owners" of past years.<BR/><BR/><BR/>==============<BR/><BR/>Whatever dude. I bought my first home in 2001 at the ripe old age of 26. If you were in your early 20s 10 years ago, you were around 26 in 2001 as well.<BR/><BR/>I sold that house in 2006 for $400,000 more than I paid for it.<BR/><BR/>You could have made a killing as well. You chose not to. You listened to people like Keith and other doomsdayers.<BR/><BR/>You fucked up. Don't blame age for that.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-70554156572188547072007-10-08T22:17:00.000+01:002007-10-08T22:17:00.000+01:00Frank@NeverColdCall.com said... I think that bi...Frank@NeverColdCall.com said...<BR/><BR/> I think that bitter renters are "jealous of home debtors that have owned for 10+ years.<BR/><BR/> Yes I am jealous of those owners; however I was in my early 20s then and didn't have the credit or money to buy, because 10+ years ago you actually had to have credit <BR/>and a down payment unlike the "owners" of past years.<BR/><BR/><BR/>so in 10 years you will be jealous of the people that bought now stupid.<BR/><BR/>ps a 1 million dollar home in Los Angeles Proper rents for 4200.00 and up apx 2800 or so less then owning.<BR/> but if you are making a real paycheck over 275k (or 600k + bonuses like me) the $2800 goes to uncle sam to waste on bullshit <BR/>pick your poison I would rather pay the bank call me stupid.<BR/>BY THE WAY <BR/>bought my home (my third) in early<BR/>2004 in Beverlywood proper for 1,450,000 I have two offers from<BR/>neighbors (house is not on the market) for $2,250,000 will sell if either step up to 2,400,000.<BR/>if I rented this home I would have dick.<BR/>BTW If I sell will will buy right away in Hancock Park or Brentwood for 3,000,000 to 4,000,000.<BR/>I think if you can afford it's a great time to buy in bubble areas<BR/>like pheonix <BR/>I wish there where deals in desirable areas of Los Angeles<BR/>but there aren't<BR/>so my point is bitter renters are just that bitter.<BR/>they would own if they could afford it or needed a tax deduction but they don't cause in reality they are.....................Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-4143502403593345282007-10-08T22:15:00.000+01:002007-10-08T22:15:00.000+01:003br 2ba Single Family Home I'm renting in Santa Fe...3br 2ba Single Family Home I'm renting in Santa Fe: $1,350/month<BR/><BR/>This home was listed for sale last December at $360,000. Assuming 20% down ($72,000), finance $288,000 at 6.5% for 30 years gives a PITI of $1,860/month. Add in $150/month for taxes and $75/month for insurance = $2,085/month.<BR/><BR/>So, already I'm up $735/month ($8,820/year) over owning and that doesn't include maintenance.<BR/><BR/>Now, the market is in the crapper right now. I figure that homes are down about 10% this year in Santa Fe. That's another $36,000/year on this home. Truthfully, this home won't sell at $324,000 either, so it's actual value is even lower than what I'm estimating. <BR/><BR/>That means, conservatively, I'm up $3,735/month over owning right now.<BR/><BR/>Oh yeah, I'm also earning about $500/month in interest off the equity I got when I sold my home last year.<BR/><BR/>I'm feeling better and better about this every day!<BR/><BR/>JymkataAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-47496612500891761022007-10-08T21:21:00.000+01:002007-10-08T21:21:00.000+01:00I think that bitter renters are jealous of home de...<B>I think that bitter renters are jealous of home debtors that have owned for 10+ years.</B><BR/><BR/>Yes I am jealous of those owners; however I was in my early 20s then and didn't have the credit or money to buy, because 10+ years ago you actually had to have credit and a down payment unlike the "owners" of past years.Frank Rhttps://www.blogger.com/profile/07625929422222490759noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-70303417532408656492007-10-08T20:22:00.000+01:002007-10-08T20:22:00.000+01:00This is my view renting:http://www.arlingtonvirgin...This is my view renting:<BR/>http://www.arlingtonvirginiausa.com/files/9922/_mnmts_1_page.jpg<BR/><BR/>I'm definitly not bitter especially on July 4th when I have opera box seat like views of the fireworks.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-24885966334170482332007-10-08T19:42:00.000+01:002007-10-08T19:42:00.000+01:00The Mexican...Home Debtors that never made money o...The Mexican...<BR/><BR/>Home Debtors that never made money on RE and Bitter Renters that never made money on RE.<BR/><BR/>I'm a home debtor and I'm hoping prices keep dropping so that I can buy a couple more. U see it's not home debtors vs bitter renters, it's people with capital vs people without.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-81551031464106757322007-10-08T19:04:00.000+01:002007-10-08T19:04:00.000+01:00I think that bitter renters are jealous of home de...I think that bitter renters are jealous of home debtors that have owned for 10+ years.<BR/><BR/>Yes, my mortgage payment is less than your rent.<BR/><BR/>Yes, I get a tax credit.<BR/><BR/>Yes, I have 3 years left on my 15 year mortgage, before I own outright...with the exception of property tax.<BR/><BR/>Yes, I purchased within my then financial limits.<BR/><BR/>No, I never upgraded houses.<BR/><BR/>No, I never tapped my home's "equity." It doesn't exist until, and if, I ever sell.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-50981984706030052192007-10-08T19:03:00.000+01:002007-10-08T19:03:00.000+01:00This comforts them as they hope they are guessing ...<B>This comforts them as they hope they are guessing right just as speculators hoped they were guessing right when they bought 5 houses. Maybe you'll time it better than most of them did?<BR/><BR/>Losses on paper are just that: on paper. With stocks, until you sell you're not rich. With housing, until you sell, you're not broke. ;) </B><BR/><BR/>Happy homedebtor, your post sums up the problem. You're talking about a house as though it's an investment vehicle, a lottery ticket, a way to make or lose money.<BR/><BR/>In the real world, however, a house is a place to live and not a lottery ticket. It is people like you who treat it as a lottery ticket who caused this whole mess. For me, my business is where I make money and focus on making money. A house is four walls and a roof. A place to live, sleep, and raise a family. Not an "investment vehicle."<BR/><BR/>I'd also like to know where all these skyrocketing rents are. They're dropping fast in So Cal. For example, the house I rent:<BR/><BR/>March '07: Asking price was $3,900, we negotiated down to $3,500. At the time around $3,750 was average.<BR/><BR/>Today, Oct '07: Average asking rent on this model McMansion in our community is running around $3,200. That's an 18% drop in a mere 7 months.<BR/><BR/>So, please show me where the skyrocketing rents are.<BR/><BR/>By the way, if I'd "bought" this house at the peak it would have cost around $1.2M, so my payment would be more than double what it is now to "own" it, for a house that is now worth around only $800k and will be below $600k within a year. And even at $600k, a 30-yr fixed at 7.5% will be over $4,000/month so I'm still getting a steal.<BR/><BR/>Before moving here I lived in a condo at Kierland in Scottsdale, AZ that sold for $600k (read: $4,000 mortgage payment) that I rented for $1,500. Most of the units around me were vacant, which in simple terms means dropping rents.<BR/><BR/>I agree with those who said the desperate homedebtors are so furious at renters that they have to strike back by making them out to be ghetto people in run down apartments. Let's not forget that it was vanity, ego, and the need for status that got almost all buyers from 2003-2006 into the hole they're in to begin with. Only insecure people who needed bragging rights bought during those years. People with brains held out and we're secure enough with ourselves to rent and not give a crap what some insecure status-seeking desperate homedebtor has to say about it.Frank Rhttps://www.blogger.com/profile/07625929422222490759noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-76603185441392478252007-10-08T18:02:00.000+01:002007-10-08T18:02:00.000+01:00Wait, you left out a category:The free and clear h...Wait, you left out a category:<BR/><BR/>The free and clear homeowner, who lives in a paid-off house with all the space and privacy they want, laughing at the renters and homedebtors who scramble to find and extra $300 a month to pay the mortgage, or who have to move every 6 months to "get a good rental deal".<BR/><BR/>We make up 33% of this country, and the rest of you either pay rent or mortgage interest to us. I guess this whole blog is about the other 2/3 bickering over the economic scraps.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-10703290202024662332007-10-08T17:55:00.000+01:002007-10-08T17:55:00.000+01:00If you bought a home in the last couple of years f...If you bought a home in the last couple of years for a investment,just cut and run.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-24288588689064102662007-10-08T17:41:00.000+01:002007-10-08T17:41:00.000+01:00Just moved into a 3YO home last week - non-bubble ...Just moved into a 3YO home last week - non-bubble area, although our seller got a job transfer, was in over their head, and was desperate, so we got a great deal. 10 year fixed mortgage, will have it paid off in 7. Substantial down, MUCH cheaper than the apartment we just left. Fantastic school system, QUIET street. Couldn't be happier.<BR/><BR/>Everyone's situation is different, so I'm not going to insult renters or owners. It's just what's best for usAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-40885690880643652782007-10-08T17:33:00.000+01:002007-10-08T17:33:00.000+01:00“Who do you think is more jealous today1) Bitter R...“Who do you think is more jealous today<BR/>1) Bitter Renters of Homedebtors 2) Homedebtors of Bitter Renters”<BR/><BR/>Last week the furnace quit. Had to call around to find a repairman, then set up an appointment and take half a day off work to be home when he showed upt, and finally pay over $300 for the repair.<BR/><BR/>Here's how a bitter renter would deal with the problem:<BR/>Pick up phone and call landlord.<BR/>“Hey, the furnace quit. Give me a call when it’s been fixed. Here is the number of the hotel where I’ll be staying, and I’ll just knock the hotel bill off next month’s rent. Got a problem with that? I didn’t think so.”<BR/><BR/>Bitter renter: $0<BR/>Mammoth: -$300+<BR/><BR/>This homedebtor says ouch!Mammothhttps://www.blogger.com/profile/15331079890390629462noreply@blogger.comtag:blogger.com,1999:blog-18675105.post-50902052938021165922007-10-08T17:18:00.000+01:002007-10-08T17:18:00.000+01:00It's complicated. I definitely have a screaming d...It's complicated. I definitely have a screaming deal on rent...1100/month for a good sized house on 3 acres of knock your eyes out natural scenery, ridiculously valued somewhere between 800/900k. (Really worth somewhere around 350k). I live in the central coast of California, the bubbliest of the bubblies.<BR/><BR/>If I bought it, payments would be about 5600/month. Taxes another 700/month, for a total of 6300/month. Maintenance would be a nightmare, as the house is in pretty rough shape, but I'll just leave that out of the equation.<BR/><BR/>1100/6300 = 17.5 cents on the dollar, not counting depreciation (about 8% so far this year in the area) or maintenance.<BR/><BR/>On the other hand, renting sucks. I'd like to put in a recording studio and change the way the walls are laid out, put real siding on over this stucco, and a number of other things.<BR/><BR/>Debt sucks more though, and if I was paying more than 5 times what I pay now for debt service and tax, I wouldn't be able to do any of that stuff anyway. <BR/><BR/>We just had a psychologist in the area kill his wife and himself...and guess what...he was in foreclosure. Those guys make about 200 bucks an hour at the local nut house, too.<BR/><BR/>On the one hand, I feel like I dodged a bullet, on the other I'm pissed that I have to keep renting because of other peoples' rampant stupidity. I feel bad for people that got sucked into the vortex of stupid, but I wish they'd wake the hell up and take their medicine. Prices here are about 11x income.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-14466351030066826372007-10-08T17:14:00.000+01:002007-10-08T17:14:00.000+01:00Here are some more wonderful rentals in LA for $20...Here are some more wonderful rentals in LA for $2000. I wish I was as lucky as you all to rent. Oh darn I'll just have to keep living in my home with a $1700 fixed loan that I got in 2002. So silly of me to have bought 5 years ago instead of renting all along. <BR/><BR/>http://losangeles.craigslist.org/l<BR/>ac/apa/442772076.html<BR/><BR/>http://losangeles.craigslist.org/sfv/apa/<BR/>442750112.html<BR/><BR/>http://losangeles.craigslist.org/sfv/apa/4<BR/>42623290.htmlAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-18675105.post-71863332998305338552007-10-08T17:10:00.000+01:002007-10-08T17:10:00.000+01:0099% of people whether renters or owners don't thin...99% of people whether renters or owners don't think about this stuff. They rent, they own, life goes on one way or another. <BR/><BR/>It is the 1% on the fringe on HP and other blogs that focuses on home prices 24/7.Anonymousnoreply@blogger.com