A blog about Business & Finance and Politics.
|
Porterville School District smarter than our local "leaders" Boycott the Bakersfield Business Conference! San Joaquin Bank is done! San Joaquin Bank Chairman selling his Coastal Mansion Crisp and Cole staffer going to the pokey... Jose Arredondo closing the Delano Chrysler store Reich-Wing Czar stupidity called out! Racist CONservatives looking for great White Hope (McCarthy?) Has Bakersfield.com and other local websites becoming irrelevant?The tv stations are even worse. Tea bag movement shrivels... November 06 December 06 January 07 February 07 March 07 April 07 May 07 June 07 July 07 August 07 September 07 October 07 November 07 December 07 January 08 February 08 March 08 April 08 May 08 June 08 July 08 August 08 September 08 October 08 November 08 December 08 January 09 February 09 March 09 April 09 May 09 June 09 July 09 August 09 September 09 October 09 November 09 
RSS 2.0    Share!
|
|
|
Bakersfield home prices now DOWN 39% from the PEAK.
SUCKERS! Those who listened were spared the pain and misery of being a home debtor. Foreclosures continue to grow, no relief in sight. Lots of suckers are buying right now, good luck with that. Prices are coming down 20-30% more. I think we need to lock up all the local Realtors and throw away the key. Details: http://www.car.org/index.ph...
http://www.car.org/index.ph...=
6 comments from 6 users
1
posted by
NEOCONGUY
on Jun 25, 2008 at 05:35 PM
So what. Residents who are not selling anytime soon need not worry. I watched my residence go from $250.000 in 2004 to $450.000 in March of 2007 ( B of A appraisal and 51/4 new first) I have no intention of selling anytime soon. This only hurts those who refied and purchased in the last couple of years. Has been happening for the past 50 years here in California up and down and all around. posted by
murphyslaw
on Jun 25, 2008 at 06:32 PM
I bought my house Dec. 1999, it's half paid off, glad I did it when I did. ;=)) I feel sorry for all of those that got screwed in the deal. Maybe some of that money being sent over seas, could help our own people hear rather than sending money to those that will slice our throats first Chance they get. posted by
adampayne
on Jun 25, 2008 at 08:59 PM
You want to know what is really funny? Or really sad? Compton California is finally getting close to the Bakersfield median price. There is now only a $50,000 disparity between Compton's and Bakersfield's average house plot. At the peak of boom times the most crime ridden economically depressed LA burb's average home price was worth $120,000 more than the Bakersfield equivalent. Thank you, Countrywide. posted by
Bakersfieldbubble
on Jun 25, 2008 at 09:14 PM
adam- Agree, the scum bags like CW fueled this boom with cheap and easy (sleazy) credit from the Fed. The same Fed that is now fueling the massive runnup in commodity prices (oil, corn, wheat, etc...). The same Fed that fueled the .com bubble, the LTCM bubble and on and on. I think within a year Compton will be below Bakersfield... posted by
dgrealish
on Jun 25, 2008 at 09:33 PM
I checked my home value today and that's almost exactly what percent it's down from the peak. I knew the value the banks were quoting was inflated. I'm so happy I had the good sense to listen to my gut! posted by
Maggiepoo
on Jun 26, 2008 at 08:52 AM
Appraisals are worth less nowdays...Zillow is 7-12% off and they are only usually 30 days behind.. offer on homes and the value they are in reality is 2001-2 price + 3.5-4% per year. that`s a good starting point for offers, gotta include inspection problems and upgrades needed, then factor in a drop of value average 3-4k per 100k of value per month nowdays... nobody is sitting pretty,, are you paying your 2007 appraisal based taxes? You are being taken.....
1
 Loading Stories
Advertisement |