I thought it would be interesting to look at the sale prices of condos in the condo complex where we rent in Downey, CA. The graph speaks for itself. Prices in Southern California were completely out of touch with reality. Look at the bubble in the early 90’s. Prices only went up by 50% and [...]
Tagged with: bubble, california, economy, Housing, prices
Posted under: Money Stuff
I know, another boring post about money and taxes, but stick around you might learn something.
The answer to the “should I itemize?” question is actually pretty simple: if you don’t have enough deductions to surpass the standard deduction then you don’t itemize. You take the larger of the two and be done with it because [...]
Tagged with: Housing, mortgage, taxes
Posted under: Money Stuff
Back in August of 2007 I wrote this post, Someone forgot to refill the Real Estate ATM, and predicted that we would see a continued drop in prices, foreclosures would go up and so on. What I didn’t see coming was a big drop in the stock market, sharp increase in unemployment and the massive [...]
Tagged with: bubble, economy, Housing
Posted under: Money Stuff
Shared from Google Reader:
Analyst sees ‘ghost town’ in Inland Empire
Tagged with: bubble, Housing, shared
Posted under: Political Stuff
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Interview with Senator Government Genius: Discussing the Housing and Economic Recovery Act of 2008
Tagged with: funny, Housing, shared
Posted under: Political Stuff
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