Mohave.net

The Southern California market will get worse before it gets better, he warns a gathering. One survival strategy: Slash prices, now.

By Peter Y. Hong, Los Angeles Times Staff Writer
November 3, 2007

Even Realtors can lose faith in the housing market.
Speaking to a gathering of industry professionals Friday, longtime California real estate titan Fred C. Sands called the housing market “pathetic” and said some agents needed to start looking for other work.

“If you’ve been in it for five or six years and are barely making a living, you might want to think about what you were doing before and get back into it — you can come back in a couple of years,” Sands told members of the California Assn. of Realtors meeting in Universal City.

In the short term, the local real estate market “is not going to get better,” Sands said.

http://www.latimes.com/business/la-fi-homes3nov03,0,7824038.story?track=mostviewed-storylevel

October 31, 2007
For immediate release

Washington, DC - Congressman Ron Paul, ranking member of the Subcommittee on Domestic and International Monetary Policy (DIMP), and a nationally recognized expert on monetary policy, issued the following statement regarding the Federal Reserve’s decision to again lower interest rates:

“ America ’s economic difficulties, especially the problems in the housing market, are the direct result of the Federal Reserve’s inflationary policies. In the past year, we have seen MZM grow by 12%, yet the Fed continues to inflate the money supply. While prices for gold, oil, and staple commodities continue to rise, the purchasing power of the dollar for all Americans continues to fall. Inflationary monetary policies created the problems in the economy we are seeing, and these problems will be made worse, not better, by more inflation. Today’s action by the Fed is very bad news for American workers and retirees who are about to get hit with yet another jump in prices.

Make no mistake, the problems faced by the American people are not caused by unscrupulous mortgage brokers or the rising price of oil. These are symptoms of an economic disease caused by a spendthrift Congress enabled by loose monetary policy. Too many pundits praise the weak dollar as benefiting exporters, but they fail to see the harm done to thrifty, hard-working Americans. Rather than continuing to pursue a policy of easy credit and increasing debt, we need to return to a sound monetary system.”

http://www.house.gov/paul/press/press2007/pr103107.htm

Nicholas Wilbur Miner Staff Writer

The critics used to go by the name Residents Against Irresponsible Development, a group that has, for the past year, been at every city Planning & Zoning and Council meeting carrying those little “RAID” binders filled with notes and questions and homework and research and flyers. Now, the critics are being critiqued by other critics. What a world.

The Miner doesn’t secretly orchestrate the RAID symphony, as some in the community have indicated, but because the criticisms have been reduced to name-calling and falsification of facts, I think it’s only appropriate that they be addressed.

Basically, a group of critics have come out against RAID, but they’re making it personal and avoiding the real issues voters face on Tuesday.

These critics are getting nervous because while they were writing blogs, RAID was attending meetings, asking questions, demanding that the city have some forethought in policy decisions and representing concerns of local residents who didn’t want a dog kennel across the street or a liquor store next to a school, a church and a park. RAID has worked to gather signatures to put two issues on the Nov. 6 ballot. One was for a rezone that upset some neighbors near Castle Rock Road. The developer refused to try and diffuse the concerns, despite the mayor’s request that he work with them. RAID stood up, took it out of City Council’s hands and now you are voting on it.

http://www.kingmandailyminer.com/main.asp?SectionID=4&SubSectionID=4&ArticleID=13474

by Jane Hodges Thursday, November 1, 2007

With the housing-market slowdown, tightening mortgage-lending standards and rising home foreclosures, renters are more easily answering the question: “Why rent when you can own?” Such a question was common during the housing boom, when homeowners, happy with the gains their homes were making — at least on paper — would urge non-property-owner friends to join the party.

http://finance.yahoo.com/real-estate/article/103796/Now-That-Housing-Has-Soured,-Renters-Are-Glad-They-Didn’t-Buy;_ylt=Aj2Wv4omaWX98Fa2B599fhC7YWsA