Business and Real Estate
Business and Real Estate – Los Angeles
Los Angeles is set to Seize ALL Small Enterprise, Business and Private Property / Real Estate. We are going to see the biggest real estate crash and economic collapse in Los Angeles then ever before.
It will look like a real battle zone as we see hundreds of thousands of employees lose their jobs, minimum wages increasing, taxes going up, prices for goods and services going up and all of it is set to implode. Read more
Hidden California Tax Bomb
Hidden California Tax Bomb
Although not directly real estate related, this is very important in the outlook for values of all real estate in California. Because, it seems certain to me, that in the very near future, California will be raising the statewide sales tax to not only cover the tremendous unfunded pension liabilities but also the unbridled spending on all sorts of social benefit programs.
Interview with Jim Righeimer, the former mayor of Costa Mesa. He will offer his insider insight into the public pension liability crisis and what it means for the future of Californians’ retirement.
Many police officers & fire fighters have pensions over $100K. These are MULTI-MILLION dollar pensions. It is a scandal and no one is doing anything about it. ALL government employees (incl. public safety) need to transition to 401K type plans. The situation is completely ridiculous.
California Real Estate Crash?
California Real Estate Crash
The hardest thing to ever predict is “When” will the markets crash. In this video, I will show you what new things are developing in the real estate and mortgage markets and we will try and take a guess to predict the timing of the next real estate housing correction.
Here are 3 major factors that discuss in depth in the video:
1. Debt Loads U.S. households are cracking under the weight of the debt they’re carrying. Household debt has risen for 23 straight quarters – and as of April, it stands at $14.3 trillion, according to the Federal Reserve Bank of New York. Auto debt’s been rising steadily for 36 months and now totals $1.35 trillion. Student loan debt exceeds $1.42 trillion. Credit card debt totaling more than $1.079 trillion just saw delinquencies rise 9.09% in April – to their highest level in two years. Read more
California Real Estate Outlook
California Real Estate Outlook 2014
By Bob Schwartz, San Diego, California real estate broker
Although the last two years have seen a nice bounce back recovery in almost all of the California’s real estate markets, the last quarter of 2013 saw a pronounce slow-down in real estate sales. Many believe the sales slowdown to be a direct result of rising interest rates and the resulting increase in home mortgage rates.
For those interested in my Outlook for the San Diego real estate market in 2014, I suggest reading my article published on January 5, 2014, entitled 2014 San Diego Real Estate Market Forecast. Today’s article has more to do with underlying problems in California’s economy and what I see as a possible sure remedy that could turn California back into the ‘Golden State’. Read more
California Real Estate 2010 Forecast
California real estate 2010 forecast
The California Association of Realtors’ 2010 housing market forecast calls for home sales to slow by 2.3 percent from a projected 540,000 homes this year to 527,000 next year.
California home sales bottomed in late 2007 at 346,900 units, but have turned around since then, fueled by cheap foreclosed homes and a federal tax credit. Read more