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Next housing drop around November, especially in California

By FortWayne   Follow   Thu, 29 Mar 2012, 7:25pm   1,115 views   4 comments
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My reasons are simple.

- Payroll tax cuts expiring.
- Bush tax cuts expiring.
- Jerry Brown is going to try to raise CA taxes.

Less money available, means lower prices on housing where prices are purely driven by available monthly expenditures.

I'd suggest to avoid any major purchases this summer, at least with this much uncertainty.

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1. coorsbay Follow Befriend 9 comments Bellingham, WA

   1   8:50pm Thu 29 Mar 2012   Share   Quote   Permalink   Like   Dislike (1)   And learn to speak Spanish... Your maid and gardener are having babies as fast as they can..... to take back their land under a socialist Moonbean Brown regime... Buena Suerte

2. StoutFiles Follow Befriend (1) 24 threads 557 comments

   2   8:59pm Thu 29 Mar 2012   Share   Quote   Permalink   Like (1)   Dislike   Elections ending so no more voters to impress.

3. TMAC54 Follow Befriend (9) 70 threads 930 comments San Leandro, CA

   3   9:11pm Thu 29 Mar 2012   Share   Quote   Permalink   Like (1)   Dislike   I agree on the November porpoise ride. But human nature will anticipate another immediate bottom and rebound and the brochures will read "NOW IS THE BEST TIME TO BUY". Housing prices doubled when women were granted credit. Everyone covertly made a windfall and prayed it would unjustifiably happen again. Well, Along came Woz, Jobs & Gates et al. That credit $ cash flood is finished. Now we will go back to justifying real property values after a lot of porpoising down. THEN the damn banks will take their / Our money out of the stock market. They learned their lesson in housing.

4. FortWayne Follow Befriend (13) 102 threads 3,764 comments

   4   7:47am Fri 30 Mar 2012   Share   Quote   Permalink   Like   Dislike (1)   http://www.latimes.com/news/local/la-me-0329-missing-fuel-20120329,0,4343710.story We clearly need higher taxes so government employees can steal more of it with no accountability.