You can say I sit and criticize if you like but I attempt to discuss facts about the current housing bubble in CA and many other parts of the country. Through multiple threads on the real estate bubble issue the past several weeks you have answered serious posts that disagreed with your current view point with insults and lies. What I do not understand is what changed for you in the past year ? Just one year ago you were agreeing that CA real estate was overvalued. If I were to venture a guess; you ignored your own analysis and took a risk that now frightens you.
Porterville Post #1 - 7/21/2004: It is so ridiculous that new houses selling for 450,000 dollars are renting for 1,250 dollars which means they have a net loss on mortgage and expenses of nearly 3,000 bucks per month.
Porterville Post #2 - 8/21/2004: Here's the deal with California; People are paying a lot more than what the houses and land are worth- all over California, from Bakersfield to Mt. Shasta... land is not worth what people are paying- I grew up on a large bit of land and know the area well.... there is prettier land, cleaner air, and better jobs away from the Sierra Nevada foot hills.. And yet they are buying..... it is not worth it, that is the point, the land is not worth 1/2 of what they are paying.
Porterville Post #3 - 8/21/2004: But, of course if you had a clue, you would know what I am speaking about in CA; everyone, even with the best of investments, knows that there is something not in balance with the real estate out here.
Porterville Post #4 - 8/22/2004: I'm uncomfortable because it feels like this is an abnormal market, not just some cyclical boom.