Southern California Housing Wipeout: Prices Plunge 27% or $135,000 in the past 12 months

For those of you keeping score at home, THAT'S $370 PER DAY OR $11,250 A MONTH!

Should have rented... Should have listened to HP, and not a realtor on commission..

Thank you Lawrence Yun.

Thank you David Lereah.

Thank you Leslie Appleton-Young.

Thank you Connie DeGroot.

Thank you Mike Norman.

Thank you Tom Adkins.

Thank you to the lying, deceitful, self-serving, ignorant and now ramen-eating and forever discredited army of six percenters.

You can all go home now (if you still have a home). Your services are no longer needed.

SoCal Home Prices Plunge 27% in May

Housing prices across Southern California plunged a record 27% in May, signaling that more trouble lies ahead for builders and lenders exposed to the region.

Sales volume in the market fell 15% from a year ago, marking the slowest May in more than 20 years, according to DataQuick Information Systems.

The median price fell to $370,000 from $505,000 in the counties of Los Angeles, Orange, Riverside, San Bernardino, San Diego and Ventura.

So do you ever wonder why a discredited hack like RE/MAX's Tom Adkins is always on Fox News and Fox Business Channel?

Tom Adkins is the long haired realtor freak who Peter Schiff always sends to school. I've wondered why such a fool is given airtime. I mean, what exactly are the criteria for becoming an "expert" on Fox News and the Fox Business Channel.

Well, now we know.

You just have to do one of their reporters.



What's most shameful is that Fox News doesn't disclose it when Adkins is on the air, or especially when he's being interviewed by or sitting on the same panel AS HIS WIFE, Fox reporter Brenda Buttner, the anchor for the Bulls & Bears segment where Adkins spouts his bullsh*t.

America deserves more from its media. It's conflicts like these that created the housing bubble (where reporters didn't disclose their real estate holdings when reporting on real estate), and Iraq (where reporters where rewarded with access if they kept to the Bush line)

Adkins shouldn't be on Fox simply because he's been proven so completely wrong. There should at least be a disclaimer - IF YOU FOLLOW THE RECOMMENDATIONS OF THIS REALTOR YOU WILL LOSE EVERYTHING. TOM ADKINS HAS SCREWED ANYONE WHO LISTENED TO HIM, AND HE'S ALSO SCREWING OUR ANCHOR.

And damn, that Buttner sure has bad taste in men. She lets him out of the house looking like that?