We’ve just witnessed one of the most potent and unrelenting bear market rallies in history. And all it took was 4-days. Over this 4-day rally, the Dow Jones Industrial Average is up 15.5% which is the biggest run-up since August of 1932 during the Great Depression. The S & P 500 has even done better […]
The catchphrase of the day seems to be capitulation. Like the daily word on Sesame Street. Things have gone from bad to worse in the matter of a few short and arduous weeks. I’ve started getting messages from people that say we are nearing a bottom. That is absolutely incorrect. The worst is yet to […]
Culver City is considered an upper-middle class city here in Los Angeles County. For a very long time, it would seem that the West Los Angeles region was somehow immune to the rules and economic laws that impacted the entire country. This is not the case. It may have taken a longer time […]
The economic and financial delusion runs deep in California. There was a cohort of people that believed in the sun god just as the Aztec once did with Tonatiuh. They would like to think their economic justification was somehow connected to some meteorological reason since financially, it made as much sense as swimming in the […]
As October came to a spectacular end, the housing market is still in severe distress. You would think that all the massive government intervention would at least do something in regards to stabilizing prices but unfortunately for Uncle Sam, prices are determined by local area incomes and fundamental factors. The massive economic intervention which has […]
At this point seeing housing prices drop isn’t a shock. What should be a shock and revelation to everyone is the extent of the damage the bubble has caused in certain areas. This trauma can only be measured now that we are seeing foreclosures spring up and we are realizing what peak prices were paid […]
Today we are going to highlight the story of a home in Santa Monica that chronicles 15 years of Los Angeles County housing history. A home that has experienced two housing bubbles and is still feisty and hungry for another one. For a city with 91,124 people, you would think given the media coverage that […]
I’m sure many of you watched the second Presidential debate moderated by Tom Brokaw. For any of you following the election, we have heard the positions of both candidates in many shapes and forms. But Senator McCain came out with a left field idea that is the sum of all fears in regards to propping […]
Today we are going to have a special Real Homes of Genius where we are going to examine five adjacent homes on a tiny block in Santa Monica. For readers outside of Southern California Santa Monica is one of the few prime cities located in the large county of Los Angeles. 88 cities and 10,000,000 […]
88 cities are in the county of Los Angeles. The most populace of these cities is of course Los Angeles with approximately 3.8 million people. However, the second largest city is Long Beach with 466,718 people making it the 5th largest city in California. Keep in mind that the county of Los Angeles […]
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