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housing prices peak 2


               
2022 Apr 29, 9:29pm   866,923 views  7,410 comments

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https://finance.yahoo.com/news/pimco-kiesel-called-housing-top-160339396.html?source=patrick.net

Bond manager Mark Kiesel sold his California home in 2006, when he presciently predicted the housing bubble would pop. He bought again in 2012, after U.S. prices fell more than 30% and found a floor.

Now, after a record surge in prices, Kiesel says the time to sell is once again at hand.

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7406   stereotomy   @   2026 Jan 29, 3:49pm  

Imagine that - a tax law that actually makes sense. It must have been written in the 1970's - that's the last time politicians actually legislated.

EDIT: I'm not mocking anyone - I find it refreshing when a law actually makes sense.
7407   Patrick   @   2026 Jan 30, 12:21pm  



7408   Patrick   @   2026 Jan 30, 6:11pm  

https://wolfstreet.com/2026/01/29/californias-population-declines-again-200000-since-2020-relief-for-housing-shortage-as-new-supply-keeps-getting-built/


Home prices in California are down 2% year-over-year and roughly unchanged since July 2022.

California’s population declined again in the 12 months through July 1, 2025, to 39.36 million people, after two years of growth, and is 200,400 people below the “estimate base” of April 1, 2020 (39.56 million), according to the Census Bureau annual data on the US population.

That put California’s population where it had been in about 2017 – essentially eight years of no population growth.
7409   mell   @   2026 Jan 30, 7:54pm  

CA also has been taking away more and more land away from potential builders. Plus building activity has been weak for years.

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