El California Housing Adjustment: 17 of California’s 26 largest counties posted a monthly price decline.
ByThe housing market in California has hit a plateau in 2015. The latest figures show that 17 of California’s 26 largest counties posted monthly price declines. In many parts of the state home prices are well out of the reach for regular families. What has transpired is a massive move towards renting or for many adults to move in with their parents. Purina Dog Chow Taco Tuesdays are a way to save a few pennies for that down payment on your dream drywall junker. The latest figures of a tepid market will cause more people to pause and reflect on the insanity of the current situation. People have made it an art to justify the price of your typical crap shack. Junk is junk and people are in a fog overstretching their budgets once again. So it is no surprise when we find out that notice of defaults also jumped up by 8 percent in October. Whoops. And keep in mind this is happening at the top of a six year uptrend in the stock market, tech wealth overflowing, and lustful investors buying up real estate like hipsters chasing after the latest food truck phase. I’ve had a few e-mails from people saying that El Niño is somehow going to revive housing prices again! Do people even remember 1997 and 1998?…
