Comments on: Oh, this has to smart. http://crashingoaks.wordpress.com/2007/08/17/oh-this-has-to-smart/ Exploring the housing market in Thousand Oaks and surrounding areas. Fri, 09 May 2008 06:49:26 +0000 http://wordpress.com/ hourly 1 By: aj http://crashingoaks.wordpress.com/2007/08/17/oh-this-has-to-smart/#comment-38 aj Mon, 20 Aug 2007 23:34:44 +0000 http://crashingoaks.wordpress.com/2007/08/07/oh-this-has-to-smart/#comment-38 I smell fear... I smell fear…

]]> By: patience2007 http://crashingoaks.wordpress.com/2007/08/17/oh-this-has-to-smart/#comment-36 patience2007 Mon, 20 Aug 2007 18:30:23 +0000 http://crashingoaks.wordpress.com/2007/08/07/oh-this-has-to-smart/#comment-36 I would imagine the layoffs will hurt, but what percentage of the layoffs will end up finding new jobs in the general area and be able to keep their homes? I'm guessing some will stay but will take a pay cut to do so. It will be interesting. The combination of the layoffs plus the ARM resets and general housing decline will surely push prices down. But then how much of that will go on to spur other employment issues, such as plumbers, electricians, carpet companies, interior designers, etc. facing declining sales? Things could snowball a bit. I am in no way an expert on the economy, but the idea of house prices dropping 50% - down to where typical appreciation would put houses right now - seems like a possibility. I would imagine the layoffs will hurt, but what percentage of the layoffs will end up finding new jobs in the general area and be able to keep their homes?

I’m guessing some will stay but will take a pay cut to do so. It will be interesting. The combination of the layoffs plus the ARM resets and general housing decline will surely push prices down. But then how much of that will go on to spur other employment issues, such as plumbers, electricians, carpet companies, interior designers, etc. facing declining sales? Things could snowball a bit. I am in no way an expert on the economy, but the idea of house prices dropping 50% – down to where typical appreciation would put houses right now – seems like a possibility.

]]> By: jb http://crashingoaks.wordpress.com/2007/08/17/oh-this-has-to-smart/#comment-35 jb Mon, 20 Aug 2007 18:24:15 +0000 http://crashingoaks.wordpress.com/2007/08/07/oh-this-has-to-smart/#comment-35 It would be interesting to get some information on how quickly Amgen and Countrywide layoffs will affect the area... and maybe some discussion regarding how long of an effect. I forsee a mild drop, then a head-fake recovery, then a real drop. I think that patience2007's guesses on what houses are worth are about right.... but getting there may take a while. It would be interesting to get some information on how quickly Amgen and Countrywide layoffs will affect the area… and maybe some discussion regarding how long of an effect. I forsee a mild drop, then a head-fake recovery, then a real drop. I think that patience2007’s guesses on what houses are worth are about right…. but getting there may take a while.

]]> By: patience2007 http://crashingoaks.wordpress.com/2007/08/17/oh-this-has-to-smart/#comment-34 patience2007 Fri, 17 Aug 2007 22:39:40 +0000 http://crashingoaks.wordpress.com/2007/08/07/oh-this-has-to-smart/#comment-34 As somebody who wants to keep living in the area, I sure hope so. Or else I'm going to have to leave the state. As somebody who wants to keep living in the area, I sure hope so. Or else I’m going to have to leave the state.

]]> By: jb http://crashingoaks.wordpress.com/2007/08/17/oh-this-has-to-smart/#comment-33 jb Fri, 17 Aug 2007 19:36:52 +0000 http://crashingoaks.wordpress.com/2007/08/07/oh-this-has-to-smart/#comment-33 great site - I think the prices in this area are about to crash great site – I think the prices in this area are about to crash

]]> By: patience2007 http://crashingoaks.wordpress.com/2007/08/17/oh-this-has-to-smart/#comment-23 patience2007 Tue, 07 Aug 2007 19:16:44 +0000 http://crashingoaks.wordpress.com/2007/08/07/oh-this-has-to-smart/#comment-23 No, none of the Oak Park houses have sold to my knowledge. There is a brand new house built in this same old neighborhood in Thousand Oaks. It was listed for $629,000. There is a SOLD sign on the house for about a week now. I haven't seen anybody move in though. The house doesn't even exist on Zillow yet. I am curious to find out how much it sold for. No, none of the Oak Park houses have sold to my knowledge.

There is a brand new house built in this same old neighborhood in Thousand Oaks. It was listed for $629,000. There is a SOLD sign on the house for about a week now. I haven’t seen anybody move in though. The house doesn’t even exist on Zillow yet. I am curious to find out how much it sold for.

]]> By: fumbling http://crashingoaks.wordpress.com/2007/08/17/oh-this-has-to-smart/#comment-22 fumbling Tue, 07 Aug 2007 18:58:22 +0000 http://crashingoaks.wordpress.com/2007/08/07/oh-this-has-to-smart/#comment-22 good job on the recent postings, i flip between here and irvine housing blog. Seems to me that these T.O. prices are reaching Northern California prices, which have always been expensive. For some reason, the Conejo Valley real estate prices have been levitating like magic (well, at least the asking prices, who knows what they'll actually sell for). In fact, Irvine housing seems more reasonable than Conejo Valley/Oak Park pricing. Have the homes in Oak Park you were posting, actually sold yet? good job on the recent postings, i flip between here and irvine housing blog. Seems to me that these T.O. prices are reaching Northern California prices, which have always been expensive. For some reason, the Conejo Valley real estate prices have been levitating like magic (well, at least the asking prices, who knows what they’ll actually sell for). In fact, Irvine housing seems more reasonable than Conejo Valley/Oak Park pricing. Have the homes in Oak Park you were posting, actually sold yet?

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