UCLA dude: new California homeowners to be pwn3d the next few years

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http://money.cnn.com/2005/09/28/real_estate/california_housing.reut/index.htm?cnn=yes

― donut hallivallerieburtonelli omg lol (donut), Wednesday, 28 September 2005 22:26 (twenty years ago)

Another reason why I'm not buying as long as I'm here.

― Ned Raggett (Ned), Wednesday, 28 September 2005 23:06 (twenty years ago)

Though also, of course, a reason you should've bought as soon as you got there.

― M. V. (M.V.), Thursday, 29 September 2005 00:38 (twenty years ago)

Dude, I've *been* here. And if I spent my time crying over all my spilt milk I'd never function, so please.

― Ned Raggett (Ned), Thursday, 29 September 2005 01:50 (twenty years ago)

didja catch my memo, Ned? we should compare the markets this weekend to see how you can max out the rent increases on those Newport and Laguna properties.. I got the Palos Verdes and Malibu parts covered. We'll have a power lunch.

― donut hallivallerieburtonelli omg lol (donut), Thursday, 29 September 2005 05:06 (twenty years ago)

two years pass...

He was right:

The median home sales price was $355,000 in June, down 29.3% from a year ago. Home values are now on par with what they were in early 2004.
The figure of 17,424 homes sold in Southern California was down 13.6% from the same month a year ago and the lowest sales total recorded by DataQuick Information Systems, the La Jolla firm that has been tracking area home sales since 1988.

― Ned Raggett, Wednesday, 16 July 2008 21:10 (seventeen years ago)

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