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View Full Version : Housing depression in SoCal

yaris-me
06-18-2009, 04:26 AM
The worst is yet to come.:frown:

http://www.youtube.com/watch?v=nzACsGrumEU&annotation_id=annotation_999107&feature=iv

http://www.youtube.com/watch?v=B0vDkwT2VlY&NR=1

http://www.youtube.com/watch?v=4hYt-qT-riM&NR=1

http://www.youtube.com/watch?v=JGwTywKE9Ys&feature=channel

http://www.youtube.com/watch?v=fCi11gUFGfU&NR=1
hachi-roku_fan
06-18-2009, 08:32 AM
It's a buyers market?
cali yaris
06-18-2009, 12:00 PM
^ but not enough buyers (with jobs) to make a difference.
yaris-me
06-19-2009, 11:56 PM
Unemployment in CA is now at 11.5%. The state is talking about a pay cut.:frown:
http://www.businessweek.com/ap/financialnews/D98TVDC80.htm
detroiter
06-20-2009, 12:49 AM
You guys have nothing on Michigan. 22.5% unemployment rate with the average median house value being $6,000. Yes, that's a 6 with three 0's after it.
CDavis7M
06-20-2009, 01:00 AM
If you are willing to pay for the property taxes you can get houses for free in Detroit, so I hear.
detroiter
06-20-2009, 01:35 AM
I know that we did and I'm sure we still do, you can buy a house for $1 as long as you fix it up to standard housing code.
cali yaris
06-20-2009, 02:04 AM
^ Find me a decent one; I'd probably buy it.

meanwhile.... housing prices rose 0.8% around here? that's kind of strange...
detroiter
06-20-2009, 03:47 AM
There's seriously alot of beautiful houses in and around Detroit. Very unique in the architecture and alot of vintage homes. Gorgeous pieces of property, it's just the neighborhoods alot of them in are total crap and I wouldn't want to live there regardless if they cost only a dollar.

What's the average median price for a home in Cali right now? I'm sure it's no where near $6,000 or else people would be flocking like seagulls to the that state! lol
CDavis7M
06-20-2009, 04:35 AM
Housing in SoCal has obviously dropped, but it's still more expensive after the drop than most of the country before the drop. But, I'm only comparing housing and property, SoCal is obviously more expensive because of all the other things beyond the property.
aeipee13
06-21-2009, 01:41 PM
those guys seems like BSers. i think they were in the area that burned a couple years ago and never got rebuilt. come on, they thought a screw driver was used to administer drugs. those guys were clowns.