Comments on: California Properties Overvalued By 40% http://livingoffdividends.com/2007/10/25/california-properties-overvalued-by-40/ Join me on my journey to achieve financial independence through dividends, passive income and investments Thu, 11 Mar 2010 17:23:08 -0800 http://wordpress.org/?v=2.8.1 hourly 1 By: Living Off Dividends http://livingoffdividends.com/2007/10/25/california-properties-overvalued-by-40/comment-page-1/#comment-828 Living Off Dividends Tue, 30 Oct 2007 05:59:07 +0000 http://www.livingoffdividends.com/2007/10/25/california-properties-overvalued-by-40/#comment-828 I just blogged about it last week - I think the short-term benefits are positive for the local SD economy. Net loss for the national economy, but coupled with the rate cut (yes, I believe is on the Fed cutting rates again atleast once before christmas) it should prop up the housing market for an extra year. but long term, the housing market is going down big time! Back in 2005, I spoke to Robert Campbell of http://realestatetiming.com/. He said the market would drop 35% and I said he was too optimistic and it would probably drop 45%. Even my CPA thinks the market has further to drop. I just blogged about it last week – I think the short-term benefits are positive for the local SD economy.

Net loss for the national economy, but coupled with the rate cut (yes, I believe is on the Fed cutting rates again atleast once before christmas) it should prop up the housing market for an extra year.

but long term, the housing market is going down big time! Back in 2005, I spoke to Robert Campbell of http://realestatetiming.com/. He said the market would drop 35% and I said he was too optimistic and it would probably drop 45%.

Even my CPA thinks the market has further to drop.

]]> By: denied http://livingoffdividends.com/2007/10/25/california-properties-overvalued-by-40/comment-page-1/#comment-824 denied Tue, 30 Oct 2007 03:06:56 +0000 http://www.livingoffdividends.com/2007/10/25/california-properties-overvalued-by-40/#comment-824 I wonder how the fires in San Diego and up into the Malibu area will affect home prices. Contrary to the news protrayal of the fires, celebrities wern't the only ones losing their homes. Suddenly there is less supply, insurance will step in and rebuild a number of homes (if not all). In the short term what do you think will happen? I wonder how the fires in San Diego and up into the Malibu area will affect home prices. Contrary to the news protrayal of the fires, celebrities wern’t the only ones losing their homes. Suddenly there is less supply, insurance will step in and rebuild a number of homes (if not all). In the short term what do you think will happen?

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