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Home market drama...
A few real estate items for the hungry out there. Bad news yadda yadda. Here goes. One: Local defaults and foreclosures set new records (again) last month. Here's a link to existing story/PDFs. I'll update later in the day with more graphs: http://www.bakersfield.com/... Two: State building association's latest grim report out today: http://www.cbia.org/go/cbia... Three: Here's a link to a recent story in the Sacramento Business Journal about serious financial troubles for Sacto-based developer Reynen & Bardis, which has numerous projects in Kern (at least one in default): http://sacramento.bizjourna... Four: Here's a hilarious powerpoint slideshow on The Big Picture blog; you have to manually click through the slides. Warning: This is gallows humor about the subprime market and includes -- gasp -- four-letter words. Not for the sqeamish or folks with kids reading over their shoulders: http://bigpicture.typepad.c... Back later, Gretchen Wenner, staff writer
2 comments from 2 users
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posted by
tkozy
on Feb 15, 2008 at 03:09 PM
I see gamblers. Not sophisticated businessmen. I suppose that's a result of the incredible greed that grows like a tumor from the immorality of a ownership society. One that sees work as a curse. Not a requirement for success. posted by
Bakersfieldbubble
on Feb 16, 2008 at 06:25 AM
Gretchen - I thougth only finance nerds like me would enjoy the subprime slide slow. :)
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