Tuesday, October 24, 2006
Thank you to John Lansner of the Orange County Register for bringing to light what many in the southern California real estate establishment were too cocky (and to afraid) to admit.
What can we learn from this poll? Well, the housing market sentiment in Orange County is shitty. Really shitty. And it's only going to get shittier and shittier.
Hell, I live here and I considered myself somewhat bullish by voting into the 35th percent column!
As of October 24, 2006 here are some of the poll results:
Which way will O.C. home prices go in 2007?
1 % Up dramatically (10%+)
12% Up a bit (2-10%)
10% Essentially flat (-2% to 2%)
35% Down a bit (-2% to -10%)
42 % Down dramatically (-10% or more)
The sky is falling. The sky is falling. Falling is the sky.
Posted by Markus Arelius at 10/24/2006 10:00:00 AM