Mr Mortgage May CA Housing Report

Discussion in 'Economics' started by Mr Pain, Jun 19, 2008.

  1. Mr Pain

    Mr Pain

  2. Daal


    CA is not the country, that said I like his videos. hes just seems a bit too biased
  3. There are always those who jump in too early and later regret... could be the case now.

    A few years back, a neighbor of mine put an addition on his house.. he said the cost of materials and labor came to about $80/sq foot.. and he felt great that the finished value was more like $300/sq foot.

    (1) If that's the case, we should have all quit our jobs and become general contractors.

    (2) RE could fall to be much less than 50% of zenith prices... which they did in Japan.
  4. That's because he committed to a career and got fucked over. It makes you a bit bitter. Believe me.
  5. Arnie


  6. jasonjm


    completely agree with the appraiser

    Although, if i was the appraiser, personally i would have just pulled an appraisal out of the air and called it an early day.

    I mean cmon, home appraisal, what a subjective load of BS.

    peak in a window, if the house isnt trashed, then make up a price that is comparable to last house with same SQFT that sold in same neighborhood within last few weeks.

    then go have a beer.