David Lereah is that you? "David" is posting comments to this blog
"David" has been leaving me comments telling me how despondent I am, LOL! Well I got news for you David, my happiness and whether I am despondent has nothing to do with whether I own Redondo Beach real estate or not!
By the way, a few long term housing bear analysts are suggesting that the real estate market will stabilize and find a bottom this year. I contacted one this week to see if his longterm outlook is different from his book. He said no, the Great Meltdown is still due to arrive later in the decade. Also, be sure to check out Housing's Stairstep Descent to get a sense of how a market can chop down, and how participant psychology can work.
Anyway, here is "David's" comment:
All the data is confirming that the Real Estate market - especially in Los Angeles is on solid ground. Los Angeles is different than any other city in the US save New York. And I dont see prices there falling ethir. This is a transitional phase for the next move up. It might be another 4-5 years however prices are here to stay - will fluctuate only slighty and from that point on are going to edge up into the next run. Per my prevoius post if I were you I would most definatly buy NOW in Redondo Beach. As I said before Redondo Beach is undervalued. Lets get real here. You are a dispondant becuase you are not a home owner. I can fix that. I have several great lenders and can get you on board with a great home loan. Why throw your money away on rent and feel so bad about it that you would set up an entire website dedicated to when youll get "your day" in Real Estate. I'm sure you and your readers had chances to buy before the boom and turned it down. In the 80's you remembered the 70's and said "its overpriced - it will come down". In the 90's you remembered the 80's and said the same thing. Now its 2007 and you think it will return to 1999. See a pattern here? The housing market is Los Angeles is here to stay. The data is 100% correct. Real Estate MAY go down eleswhere but not here. Everyone had been talking about the "bubble" (yawn) since 2004. Well here we are and prices have stabalized. Real Estate always - almost without exception - go's UP. You need to check out the houses here. Now is the time to buy. We have a great selection and assuming you can forgive my comments from before I can even be your Realtor. I have fantastic loan brokers and get you a good loan. Redondo is an absolute STEAL right now. I suggest you seroiusly consider a budget for a home there.
No thanks "David"! I don't want your loan, or you as my realtor. IF I wanted a realtor there are a few people I have in mind, but you definitely aren't one of them.