House prices are significantly over-valued in CaliforniaHow do you like them apples, homedebtors?
Our house price model indicates that Californian homes are 35-40% above the price range implied by current and forecast economic conditions (compared to 13-14% over-valuation nationally). As of August the median house price in California was $589K, but economic conditions support prices between $350-380K; material price declines are likely, in our view.
10.23.2007
Goldman Sachs: California Suchs!
From a Goldman Sachs housing industry report (no link; go open an account, you cheapskates!):
Subscribe to:
Post Comments (Atom)
-
Body Count goes to Vegas! Ernest Scherer III was a Vegas loser who fancied himself a professional poker player. Doesn't that photo tell ... -
UPDATE: Edited to remove the guy's name. I hope nobody harasses him or his employer. He was good-natured and his sign was innocuous a...
No comments:
Post a Comment