Comments on: 10-city home price drop a record

By: Jake Z

Jake Z — Thu, 07 Feb 2008 13:07:43 +0000

I agree with jC. There were more millionaires made during the depression then any other time in our nations history. To some this is a time of crises, to others, opportunity.

By: Frank

Frank — Thu, 07 Feb 2008 10:04:01 +0000

Underscoring this slump in certain areas is the fact that entire communities in california are now over 90% mexican. As the hispanic population booms, the values of homes in Los Angeles Valley, Hollywood and Downtown Los Angeles will implode. A much lower income bracket of people are becoming the majority in southern california and, as a logical result, the prices of the property will lower to match their ability to pay. Parts of America are becoming third world zones. In Los Angeles, expect the only areas where property values will remain robust to be the west side. Everywhere else is looking increasingly like Mexico. People from all over LA are trying to sell and move closer to the beach before the value of their homes is reduced to pennies on the dollar. Out of control immigration from Mexico is chronically exacerbating economic decline.

By: jC

jC — Wed, 06 Feb 2008 12:29:42 +0000

There are always those who thrive when masses are dying of sickness. There are always those who thrive economically when economic decline seems to be the order of your nation. There are always those who are clear-minded, in environments of confusion. You do not need everyone or anyone else to align with your desire—only you need to align with your desire.