tag:blogger.com,1999:blog-33255068.post7690082846505176426..comments2023-11-02T05:18:21.296-07:00Comments on Bakersfield Bubble: Early birds get screwedBakersfield Bubblehttp://www.blogger.com/profile/12663275045022347451noreply@blogger.comBlogger10125tag:blogger.com,1999:blog-33255068.post-17842067321695115182008-01-08T18:35:00.000-08:002008-01-08T18:35:00.000-08:00I know this is off base and out of context, but do...I know this is off base and out of context, but does anybody remember the old sign, weloming north-bound (presumably LA)travelers on 99 into Bakersfield with this glowing message:<BR/>"Bakersfield..SUN FUN PLAY STAY"<BR/>It was all multi-colored like the old motel "COLOR TV"(!) signs! Does anybody remember this sign and when it was taken down? (God forbid if it is still up!)<BR/>Please also reply to: Nevermindthedog.blogspot.com, (comments on first post will do)<BR/>or if that fails: nevermindthedog@gmail.com<BR/>Id love to hear your story. For my new blog Thanks again!tracedoghttps://www.blogger.com/profile/04437605788469856539noreply@blogger.comtag:blogger.com,1999:blog-33255068.post-61156838967897266382007-11-16T16:07:00.000-08:002007-11-16T16:07:00.000-08:00Harley1-If BB would have named the site "Bakersfie...Harley1-<BR/><BR/>If BB would have named the site "Bakersfield Bubble Trouble" instead of Bakersfield Bubble, would that have satified someone like you who judges and entire group of people without reading more than one thread? At least peruse some archived stuff before jumping to conclusions, this site has been forcasting the housing downturn we're seeing for years. <BR/><BR/>I have one thing to say to people that are wanting to buy for shelter: Rent.WaitingToBuyhttps://www.blogger.com/profile/12690998933095461105noreply@blogger.comtag:blogger.com,1999:blog-33255068.post-48932584097409996292007-11-15T07:08:00.000-08:002007-11-15T07:08:00.000-08:00I've been saying bubble since since early 2003. Th...I've been saying bubble since since early 2003. That was when I realized I could "flip" the 7 1/8 FHA loan I'd had for barely a year in to a conventional. Mind you I only put $1,000 down on that house.hankmeisterhttps://www.blogger.com/profile/10861974954302854755noreply@blogger.comtag:blogger.com,1999:blog-33255068.post-26614225315473895192007-11-12T08:19:00.000-08:002007-11-12T08:19:00.000-08:00Harley1-Clearly you have been asleep for some time...Harley1-<BR/><BR/>Clearly you have been asleep for some time. Most of us have been at the bubble blogs since mid to early 2005 saying exactly the same thing, in fact most of what we said is now coming true. <BR/><BR/><BR/>Also, blaming the media and bloggers is comical.Bakersfield Bubblehttps://www.blogger.com/profile/12663275045022347451noreply@blogger.comtag:blogger.com,1999:blog-33255068.post-47879637289306043202007-11-12T07:32:00.000-08:002007-11-12T07:32:00.000-08:00I believe that you guys might be the same people i...I believe that you guys might be the same people in 2005 and 2006 when the market was hot, buy buy buy, the market is going no where but up. Now you are just stating the sam crap just going in the opposite direction. with rates still at historic lows and homes out their that are great buys you shouldn't be advising people on what to do when they are actually buying for shelter and not speculating. I don't know who is worse the media or bloggers.harley1https://www.blogger.com/profile/00294887442963646920noreply@blogger.comtag:blogger.com,1999:blog-33255068.post-61531697533526051012007-11-11T18:05:00.000-08:002007-11-11T18:05:00.000-08:00its way too early to buy. New lots are being cut. ...its way too early to buy. New lots are being cut. Developers are just now getting in to "cut our losses" mode.hankmeisterhttps://www.blogger.com/profile/10861974954302854755noreply@blogger.comtag:blogger.com,1999:blog-33255068.post-27672352596603184662007-11-11T17:28:00.000-08:002007-11-11T17:28:00.000-08:00There's no reason a tract house in the Central Val...There's no reason a tract house in the Central Valley should cost 3x or 4x more than a similar house in other hellhole locations (waves hand). A 4-bedroom tract house anywhere in the Central Valley should be $150k, max.<BR/><BR/>OT, but I am wondering if other Home Depot's around the country are featuring "Carpet any room in your house for $150" specials. The only asterisk is floor padding is extra. They are either desperate or they received a large allotment of carpet from China.Lou Minattihttps://www.blogger.com/profile/16096986232572086745noreply@blogger.comtag:blogger.com,1999:blog-33255068.post-60028968500954621412007-11-11T16:27:00.000-08:002007-11-11T16:27:00.000-08:00Where is the bottom. I would say 2011. How about i...Where is the bottom. I would say 2011. How about it?pismobearhttps://www.blogger.com/profile/16128707739254526541noreply@blogger.comtag:blogger.com,1999:blog-33255068.post-81081153351493473882007-11-11T09:29:00.000-08:002007-11-11T09:29:00.000-08:00295,000 for a house in Kerman is still very HIGH!!...295,000 for a house in Kerman is still very HIGH!!!<BR/><BR/>A 4/2 there back in 2004 was going for 245,000.Anonymoushttps://www.blogger.com/profile/16046968687476678248noreply@blogger.comtag:blogger.com,1999:blog-33255068.post-80413596766584435352007-11-11T08:54:00.000-08:002007-11-11T08:54:00.000-08:00I remember in the early 90's going to auctions one...I remember in the early 90's going to auctions one or two weekends per month. Eventually, near the bottom, the prices were a screaming bargain. We are not near the bottom right now.<BR/><BR/>After the builders have liquidated their housing stock, they'll start auctioning off land - first attempting to sell large tracts conventionally and then, finally, auctioning off individual lots. At that point in the cycle the residential market was in complete and total collapse. Residential generals and subcontractors were working for subsistence wages and material prices were dirt cheap. At that point you could buy an individual lot and pay a general to build you a house for barely more than the peak value of the dirt.Funny Circus Bearshttps://www.blogger.com/profile/08020349317910148048noreply@blogger.com