Friday, July 27, 2007

Los Angeles Times: LA Land Blog : The rapidly changing landscape of the Los Angeles real estate market

This is not treasure as the deeper you dig on this R-E story (sub sites) the
more it seems to be composting.

Ole Charlie, kindly continues to send us good quotes from CBS bis/news rpts
indicating significant % disaster for areas in the San Joaquin valley. And
aswell the L.A. area which it seems now has the high body count.

Though i have seen some of this before on obscure R-E blogs.
But for a major news source to now be saying the same or worse indicates
it's big and getting badder and now too late to cover up and hope it will
turn around.

It seems today's DOW title flood has prompted other sources to spill the R-E
unfolding horror story. "Horror" to strong? We'll stick around as this is
where we live and with the kids and the four leggers.
This time it's not Daddy becoming a market guru while playing the NASDAQ and
then just loosing his shirt.

As to what's next and what they are not reporting is those folks who are
trying to sit it out on the couch (TeeVeen it) until the R-E mkt starts to
go up (lets us pray for the mentally impaired) will receive gods love while
waiting as they will be amongst the improvised and maybe homeless. Though
god may or may not talk to the corporate lenders and negotiate a 90 day
extension... on the eviction.
The exception from all this is those who have a fixed mortgage and no boat
in the driveway. And renting is coming back in the favor fashion. But don't
be smug as your silence will not make you free.

As to gods love and hearing voices. You know the one where the first law of
R-E was thundered from the mountain. "The poor shall inherit the earth."
And here I thought it already belonged to Big Mamma.
Most creditable reports regarding the R-E... blop, hit bottom... are well
south of 2010. Of course that's without complications such as i won't
mention here as i don't know if you are over thirteen.
http://latimesblogs.latimes.com/laland/2007/07/buyers-are-dryi.html
But prayer time is over and it's back to the board game at the casino.
Which means the Asian mkts will soon be open and they are not going to be
out done by the dogs of the DOW.
And then it will be the next players turn to steal from the pot... in Euros.
Cause this is Friday coming up and no one is going to leave anything on the
table for the janitorial crew that comes in to clean. Though they at times
are called the: After Market Bandits.

And a few more days of 'this' may bring the biggies back from the Hampton's.
And what will they do? We'll I suspect it will get down to fight fire with
fire. "And my fire is bigger than your fire."

And what will the Fed do? Do you remember that cute little boy in the garden
who was usually standing in the fountain? And it seemed that was about all
he knew how to do.
Though in the winter Daddy sometimes taught him how to write his name in the
snow.
We'll his name turns out to be Fed..and he is going to show us what he knows
when it comes to the house on fire.

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