IrvineRenter_IHB
New member
To all posters: please be nice to the newbies.
We are <em>not </em>a bubble blog. We are a blog about housing and real estate with a focus on residential housing in Irvine. We welcome all points of view to the discussion of that topic.
There is a general consensus among posters that we are entering a bear market in local real estate based on our analysis of current market conditions. However, these are just opinions, and they do not need to be shared by everyone who comes to this board. A board composed of people sharing the same opinions becomes an echo chamber where everything sounds the same. Preachers don't win many converts when preaching to the choir. When people express opinions not shared by the consensus, we should listen and reply thoughtfully, not attack and condemn to drive away the heretics. If our consensus opinion is the correct one, the strength of our arguments will prevail.
Keep in mind that people have emotional needs concerning the value of their homes, and putting them on the defensive is a sure way to prevent them from listening to what you have to say.
To all new members:
1. If you have questions or wish to discuss a new topic, please use the search tab at the top of the page to see if the topic has been discussed in an existing thread before starting a new discussion.
2. If you want to understand why we are bearish, please read some of the posts linked to below.
<a href="http://www.irvinehousingblog.com/tag/analysis">Analysis Posts.</a> Clicking the link will give you a distilled list of all analysis posts concerning our real estate market.
Below are some of the basics everyone considering buying a home should read and understand:
<a title="Permanent Link to Financially Conservative Home Financing" rel="bookmark" href="http://www.irvinehousingblog.com/2007/03/01/financially-conservative-home-financing/">Financially Conservative Home Financing</a>. Discussion on the types of financing and the dangers of exotic loan products.
<a title="Permanent Link to How Inflated are House Prices?" rel="bookmark" href="http://www.irvinehousingblog.com/2007/03/03/how-inflated-are-house-prices/">How Inflated are House Prices?</a> Demonstration of simple valuation methods to evaluate the fundamental valuation of a residential house.
<a title="Permanent Link to Predictions for the Irvine Housing Market" rel="bookmark" href="http://www.irvinehousingblog.com/2007/03/11/predictions-for-irvine-housing-market/">Predictions for the Irvine Housing Market</a>. What could happen to house prices over the next several years.
<a title="Permanent Link to Southern California?s Cultural Pathology" rel="bookmark" href="http://www.irvinehousingblog.com/2007/04/08/southern-californias-cultural-pathology/" linkindex="6" set="yes">Southern California’s Cultural Pathology</a>. How the decisions and beliefs of individuals inflated the housing bubble.
<a title="Permanent Link to Appreciation is Dead" rel="bookmark" href="http://www.irvinehousingblog.com/2007/04/30/appreciation-is-dead/" linkindex="6">Appreciation is Dead</a>. Why you shouldn't count on appreciation when making a home purchase.
<a title="Permanent Link to The Anatomy of a Credit Bubble" rel="bookmark" href="http://www.irvinehousingblog.com/2007/05/14/the-anatomy-of-a-credit-bubble/" linkindex="6" set="yes">The Anatomy of a Credit Bubble</a>. A detailed analysis of exactly how prices got to where they are today, and why prices may crash very hard.
We are <em>not </em>a bubble blog. We are a blog about housing and real estate with a focus on residential housing in Irvine. We welcome all points of view to the discussion of that topic.
There is a general consensus among posters that we are entering a bear market in local real estate based on our analysis of current market conditions. However, these are just opinions, and they do not need to be shared by everyone who comes to this board. A board composed of people sharing the same opinions becomes an echo chamber where everything sounds the same. Preachers don't win many converts when preaching to the choir. When people express opinions not shared by the consensus, we should listen and reply thoughtfully, not attack and condemn to drive away the heretics. If our consensus opinion is the correct one, the strength of our arguments will prevail.
Keep in mind that people have emotional needs concerning the value of their homes, and putting them on the defensive is a sure way to prevent them from listening to what you have to say.
To all new members:
1. If you have questions or wish to discuss a new topic, please use the search tab at the top of the page to see if the topic has been discussed in an existing thread before starting a new discussion.
2. If you want to understand why we are bearish, please read some of the posts linked to below.
<a href="http://www.irvinehousingblog.com/tag/analysis">Analysis Posts.</a> Clicking the link will give you a distilled list of all analysis posts concerning our real estate market.
Below are some of the basics everyone considering buying a home should read and understand:
<a title="Permanent Link to Financially Conservative Home Financing" rel="bookmark" href="http://www.irvinehousingblog.com/2007/03/01/financially-conservative-home-financing/">Financially Conservative Home Financing</a>. Discussion on the types of financing and the dangers of exotic loan products.
<a title="Permanent Link to How Inflated are House Prices?" rel="bookmark" href="http://www.irvinehousingblog.com/2007/03/03/how-inflated-are-house-prices/">How Inflated are House Prices?</a> Demonstration of simple valuation methods to evaluate the fundamental valuation of a residential house.
<a title="Permanent Link to Predictions for the Irvine Housing Market" rel="bookmark" href="http://www.irvinehousingblog.com/2007/03/11/predictions-for-irvine-housing-market/">Predictions for the Irvine Housing Market</a>. What could happen to house prices over the next several years.
<a title="Permanent Link to Southern California?s Cultural Pathology" rel="bookmark" href="http://www.irvinehousingblog.com/2007/04/08/southern-californias-cultural-pathology/" linkindex="6" set="yes">Southern California’s Cultural Pathology</a>. How the decisions and beliefs of individuals inflated the housing bubble.
<a title="Permanent Link to Appreciation is Dead" rel="bookmark" href="http://www.irvinehousingblog.com/2007/04/30/appreciation-is-dead/" linkindex="6">Appreciation is Dead</a>. Why you shouldn't count on appreciation when making a home purchase.
<a title="Permanent Link to The Anatomy of a Credit Bubble" rel="bookmark" href="http://www.irvinehousingblog.com/2007/05/14/the-anatomy-of-a-credit-bubble/" linkindex="6" set="yes">The Anatomy of a Credit Bubble</a>. A detailed analysis of exactly how prices got to where they are today, and why prices may crash very hard.
