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Housing Bubble 2: California November Home Sales Plunge to Multiyear Lows

wolfstreet.com / by Wolf Richter / December 18, 2014

San Francisco is known for its mind-boggling booms and breathtaking busts as the hot money from all over the world ebbs and flows amidst startup frenzies and IPO manias.

And now the hot money is flowing. It has created a delirious craziness in the housing market, […]

California November home sales slowest since November 2007: Year-over-year sales are down 8 percent and market grinds to low volume as year closes.

doctorhousingbubble.com / Dr. Housing Bubble / December 18th, 2014

Apparently home buyers didn’t get the memo about buying California real estate. November home sales tumbled to their lowest November showing dating back to 2007. When real estate markets turn, you will always see sales volume dry up first before any price changes. We are already […]

NASA Experts: California Needs 11 Trillion Gallons to End Drought, Southwest States “Not Sharing a Drop of Water”

shtfplan.com / By Mac Slavo / December 16th, 2014

Rain has returned to California, taking pressure off of the immediate emergency of the ongoing drought via the help of several inches of recent rainfall.

But the Golden State loses about 4 trillion gallons per year, and would need roughly three times that amount to […]

Real Homes of Genius: $100k homes in Compton. Time to shop for deals in L.A. County if you don’t mind brown lawns and a touch of metal bars on the windows.

doctorhousingbubble.com / Dr. Housing Bubble / 15 Dec, 2014

Who doesn’t like a good deal when it comes to buying real estate? Since some people believe every area in L.A. County is undergoing ubiquitous gentrification I wanted to throw some good deals your way. Now some of you might balk at the city and the […]

Agent Provocateurs at Berkeley Protests? They’ve Done it Before.

21stcenturywire.com / DECEMBER 15, 2014

Reports out of Oakland, California suggest that CHP officers there could have engaged in agent provocateur instigator activity earlier this week. The accusations are based on some reports online, which we’ve detailed (see below).

We’ve seen this before at other events, most notably in London during the 2011 student protests, […]

CALIFORNIA GOVERNOR JERRY “MOONBEAM” BROWN SIGNS LAW FORCING STUDENTS TO LEARN ‘GAY HISTORY’ IN PUBLIC SCHOOLS!

overpassesforamerica.com / By November 29, 2014 / November 29, 2014

Democratic California Gov. Jerry Brown said Thursday he had signed a bill that will require public schools in the state to teach students about the contributions of lesbian, gay, bisexual and transgender Americans.

 

The bill, believed to be the first of its kind in […]

Parents angry after school tells 13-year-olds they can have sex, choose gender

Students at Acalanes High School in Northern California were given this gender identity chart in a sex ed class conducted by the local Planned Parenthood chapter.

foxnews.com / By Perry Chiaramonte / December 10, 2014

Students at one northern California high school are learning more than just the birds and the bees.

Along with […]

OPEC Decision Hits Renewables

financialsense.com / By Colin Chilcoat of Oilprice.com / 12/04/2014

Is a solar supply glut on hand? Not exactly, but oil’s multi-month slide has largely overshadowed the sector’s emergent capacity. Nowhere is that more apparent than in the state of California, where the world’s largest photovoltaic power station is now online. Still, renewables did not […]

The kids aren’t alright: A record percentage of young adults live with older Americans. The trend continues to renting.

doctorhousingbubble.com / November 30th, 2014

Higher home values for the sake of higher prices is not necessarily a good thing if future generations of Americans are being priced out of the market. There seems to be this movement that simply ignores the glaring plight of many Americans regarding stagnant incomes and the reality that […]

California Housing Market Cracks in Two, Top End Goes Crazy

wolfstreet.com / by Wolf Richter • November 26, 2014

That the housing market is seriously twisted is apparent by the mortgage conundrum: despite historically low mortgage rates of around 4% for a 30-year fixed rate mortgage, mortgage originations averaged only $357 billion per quarter so far this year, according to the New York Fed. […]

The middle class migration out of California: While domestic migration is up, foreign migration is filling the gap.

doctorhousingbubble.com / by Dr. Housing Bubble / 22 Nov, 2014

People look at population growth in California and see nothing that stands out. Digging into the numbers you find some interesting figures. First, the main reason California is actually growing is because of international migration. California for well over a decade is losing domestic […]

You can’t afford to live in California: Only 30 percent of families can afford to purchase a home in California. Over 80 percent of California unaffordable on a teacher’s salary.

doctorhousingbubble.com / Dr. Housing Bubble / November 18th, 2014

The Housing Affordability Index (HAI) is once again flashing red for California. Los Angeles and Orange counties are two of the most expensive markets to rent relative to what people earn in the area. The The HAI is showing that once again, California is incredibly overpriced. […]

3 Billion Gallons Of Fracking Wastewater Pumped Into Clean California Aquifiers: “Errors Were Made” State Admits

zerohedge.com / by Tyler Durden on 11/17/2014 13:07

Dear California readers: if you drank tapwater this morning (or at any point in the past few weeks/months), you may be in luck as you no longer need to buy oil to lubricate your engine: just use your blood, and think of the cost-savings. That’s the […]

FAIL: With a Pathetic 11% Approval Rating, a Whopping 96% of Congress was Re-Elected

thedailysheeple.com / Melissa Melton / November 17th, 2014

Congress, for those of you who haven’t heard, pretty much sucks.

This meme is currently making it’s way around the Internet:

Again. Congress sucks. They have a toilet-flushworthy approval rating. Yeah. That’s an adjective I just made up to be able to fully illustrate the fact […]

Fukushima Radiation Detected 100 Miles Off California Coast

zerohedge.com / by Tyler Durden on 11/11/2014 13:35

While no US Federal Agency sees fit to monitor ocean radioactivity in coastal waters, the Woods Hole Oceanographic Institute (WHOI) has taken on the task of keeping the information flowing in a world of ‘promises’ that everything will be ok. As WHOI reports this week, scientists […]

NASA Warns California Drought Could Threaten U.S. Food Supply: “There will be some definite changes”

shtfplan.com / Mac Slavo / November 4th, 2014

NASA’s Jet Propulsion Laboratory has sounded a stark warning over California’s sustained drought, publishing its latest findings where satellite surveys show a rapidly depleting groundwater supply.

And with California as the United States’ most valuable agricultural state, and thus key to America’s food supply (and much […]

166 Local Tax Increase Proposals on California Ballots; Not For the Kids

globaleconomicanalysis.blogspot.com / Mike “Mish” Shedlock / Nov 3, 2014

There are 166 tax increase proposals on the ballot in California. 118 of them are bond proposals. It matters little what the proposals are for.

Forget about any claim, “it’s for the kids”. Politicians have a way of doing whatever they want with the money once […]

WARNING: Avoid this corrupt, third-world country at all costs

sovereignman.com / By Simon Black / October 31, 2014

John Anderson, an American tourist from San Clemente, California, was driving down a poorly-maintained highway when he saw flashing lights in his rearview mirror.

After a brief exchange with the local police officer, Anderson was shocked when the cop started searching his vehicle.

Anderson had […]

And The Brand New Fastest Appreciating US City Is… (Hint: Not Cleveland)

zerohedge.com / by Tyler Durden / 10/28/2014 09:36 -0400

For those living in Cleveland, where home prices rose a tiny 0.8% compared to last year (a number which is sliding every month), the latest dead housing cat bounce is almost over, and with the release of the September, or at the latest, October numbers, expect […]

California Leads Housing Slowdown As Case-Shiller Home Prices Decline For 4 Months In A Row

zerohedge.com / by Tyler Durden / 10/28/2014 09:19 -0400

Following misses in yesterday’s Markit Service PMI, Existing Home Sales and the Dallas Fed report, and today’s Durable Goods numbers, we just made it a pentafecta for misses in US econ data, when the just released August Case-Shiller data for August confirmed once again that US […]