10 responses to “Hard landing in Orange County: The Economic Downturd Continues”

  1. scythrop

    Distressed. Gotta love those RealtorTM euphemisms.

    I know the bursting of the housing bubble has economic consequences across the board, but I find it hard to muster up too much sympathy for people who bet the farm on the sustainability of double-digit per annum appreciation on SoCal McMansions. Of course it hits hardest at the bottom at first (oh! for a < $500K house in my shire!), but I imagine those prices will also stabilize sooner, once people stop buying zillion dollar energy-sinks at all. (It’s already happening here, I think.)

    1. torgo_x

      Realtorâ„¢

      “MOTHERFUCKER I WILL CALL YOU ‘REALTORâ„¢’ WHEN YOU CAN SHOW ME HOW TO REALT.  WHAT?  YES, I’LL HOLD.”

  2. hotelsamurai

    Help me, Ed McMahon…

  3. burntcurtis

    Lawnchairs are everywhere!

  4. mcfnord

    oh that means distressed sellers, not distressed properties?

    1. mr_flippant

      I’m no expert

      Well, maybe not. I don’t think it is uncommon for folks to strip everything from lighting and plumbing fixtures to copper pipes from their house during the course of a foreclosure.

      I think banks may even offer payment in some cases as an incentive to keep the home clean/intact.

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