Over at the LA Times Blog by Peter Viles there is a lively discussion going on about home prices and affordability in CA. While most of the comments are from people who are waiting for home prices to crash in California and express their continued outrage about affordability issues.. one person
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08/31/2007
Yep... these are my Bronze shoes... I hit the 50,000 points mark a few weeks ago but not wanting to be pushy I thought I would make my Mama proud and show my good manners... so I've been patiently waiting for a formal invitation to join the Bronze Hall of Fame.. Yesterday I finally receiv
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08/27/2007
Downtown Manhattan BeachThe last three weeks have been like driving a car downhill without brakes. No one knows what will happen at the bottom of the hill but we all hope for a safe stop without anyone getting hurt. There is a lot of speculation about how the woes of the credit market will affec
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08/26/2007
The Daily Breeze has an article about job growth in CA and it's an eye opener that goes a long way toward explaining the South Bay real estate market. In a nutshell jobs are growing on the low and high end but not much in the middle and the gap is large.The #1 question I'm asked is how can peo
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08/23/2007
Manhattan Beach WalkstreetWhat a difference a week can make. Had I posted Beach Cities: Sold July 2007 figures the first week in August I would have said that rates were low and the market was chugging along although at a slow rate. That was before August 4 and the collapse of American Home Mort
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08/16/2007
I 'm going to say this loud and in bold print... I like real estate.. and I think it will always be a good investment... I can't think of any other investment where you can buy an appreciating (long term) asset with so much leverage and over time..with a few exceptions... will always come out ah
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08/13/2007
There have been a number of recent posts about the chaos in the loan market and how it may affect buyers and sellers. Brian Brady wrote a series of articles, Broker Bryant posed questions about what happens to his buyers with American Home Mortgage out of the picture. Ricardo Bueno wondered
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08/05/2007
July was not a great month for SOLD real estate sales in Manhattan Beach or any of the beach cities. Actually it was a very strange month .... not much happened until after the 15th and then the market suddenly jumped to life. Pending sales usually give the best read on the market.. of the 36
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08/05/2007
I've spent a lot of time today talking with local lenders about the changing home mortgage market. It's going to get nasty out there before it gets better. Buyers who have traditional jobs with a regular paycheck and 20% down will breeze through.. everyone else may have trouble getting the loan
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08/01/2007