"The homes all appeared to be empty, and there were
no prospective buyers anywhere to be found. Surprisingly,
the sales office was open ... but the woman working there
had questionable English fluency. When asked how many
homes had been sold in the past month she simply
responded, 'Uh huh. Thank you. Yes!' and handed us some
additional literature on the property."
Here's the complete article from The Los Angeles Times, followed by
the angry comments of readers sickened at what the illegal alien
invasion of their state has wrought ...
Analyst sees 'ghost town' in Inland Empire (Southern California)
from The Los Angeles Times
July 2, 2008
A financial analyst fresh from a tour of construction sites in the
Inland Empire is warning Wall Street of a "ghost town" where finished
homes sit vacant and additional homes are still under construction.
"At several properties, there were a significant number of fully
built homes sitting vacant along with a large number of additional
homes still under construction," Sandler O'Neill & Partners analyst
Aaron Deer wrote today after touring developments in Corona and
Ontario. "At one master plan community, the entire development
appeared to be vacant -- with the exception of crews working on new
construction, it was a ghost town."
Median home prices in both communities have dropped sharply over the
last year, declining 33.6% in Corona and 30.3% in Ontario, according
to DataQuick Information Systems. In Corona, the median sales price
fell nearly $200,000 from May 2007 to May 2008, dropping from $565,000
to $375,000.
More from Deer's note: "The homes all appeared to be empty, and
there were no prospective buyers anywhere to be found. Surprisingly,
the sales office was open ... but the woman working there had
questionable English fluency. When asked how many homes had been sold
in the past month she simply responded, 'Uh huh. Thank you. Yes!' and
handed us some additional literature on the property."
More: "Perhaps the most interesting aspect to the development was
what it revealed about the nature of the housing boom: that at the
peak even the most undesirable and remote locations were worthy of
expensive, high-end homes."
Overall, Deer's note on the California economy -- and the relative
health of California-based banks and thrifts -- strikes a balanced
chord, re****ting that, while the "outlook remains gloomy," "the pace
of new problems has slowed somewhat."
Other highlights:
"Not surprisingly, the banks said they are seeing continued
deterioration in their single-family residential construction
****tfolios."
"In areas where developable land is scarce, namely San Francisco and
west Los Angeles, markets are still holding up. Several banks noted
very little, if any, deterioration in credit quality in these markets.
Specifically, residential construction projects in San Francisco ...
and western Los Angeles (mostly teardown/rebuild projects) are seeing
stable prices despite slower activity."
Source:
http://latimesblogs.latimes.com/laland/2008/07/analyst-sees-gh.html
Note: Here's a sampling of readers' comments regarding the article
above:
"High prices bring low sales, especially now. California has been
the highest priced place to live for more then 20 years, yet you
people act like you cannot get a grip on why the homes are vacant. No
sweat, why don't you get all those Liberal cry babies together and buy
the houses for Illegal Aliens, then you can feel as if you have done
something. Gosh I feel sorry for you poor folks."
Posted by: Lars | July 02, 2008 at 12:16 PM
"This sentence said it all....the office worker who was NOT ENGLISH
FLUENT. Last citizen out of California, shut the lights."
Posted by: Janice Gammill | July 02, 2008 at 12:17 PM
"Image, not just crack houses but crack suburbs. Whole tracks of
houses where gangs and crime can thrive. Even worse, imagine terror
cells taking over whole housing tracks. Scary."
Posted by: Bob Smythe | July 02, 2008 at 12:50 PM
"I am now getting unsolicited telemarketing phone calls...
in Spanish. Please I don't, nor have I ever, had a 909
area code; I don't speak Spanish, nor do I buy stuff from
people who do. And, I don't listen to KGGI 99.1."
Posted by: yours truly, Johnny Dollar | July 02, 2008 at 02:34 PM
"Those homes will be filled with Illigal Alien squatters soon, don't
worry. Then they'll do what they do; breed, deal drugs, and steal. All
the while, they'll thrive off gov. assistance, under the table wages,
and free housing cause no one will have the balls to come in and kick
them out.
LA needs to be burnt to the ground. Start from scratch."
Posted by: Brian | July 02, 2008 at 03:02 PM
"It's sad to see what has become of the Inland Empire.When I was
growing up in San Bernardino 40 years ago it was still a pretty nice
place to live.I still miss the orange groves and vineyards.Not to
mention the clear mountain views.I left when I realized the place was
going to hell.I come back once in a while to see family and visit some
graves,then I can't get away fast enough.Look what you
liberal,gangbanging,illegal,out of touch people have done to my HOME!"
Posted by: paul | July 02, 2008 at 03:47 PM
""Hello?" " No speaky English?" " Un Huh?" "Thank you?" Nice how the
flood of illegals has turned California into a sewer. Many gringos/
anglos have left the emerging third world welfare country. The
developers thought they could fill this cracker boxes with illegals
with zero down loans and 1% ARMs."
Posted by: Freddy | July 02, 2008 at 04:47 PM
"The good news: Soon all the illegals that framed and stuccoed these
crappy little monopoly houses will be able to afford one. Ah, the
American way."
Posted by: Ex-californian | July 02, 2008 at 04:57 PM
"Don't get me started on the illegals buying houses! My friend, who
lives next to Eastvale in Mira Loma, has fought off illegal rodeos,
illegal churches outdoors with loud speakers, loud music (it's the
culture, stupid!), people using discarded garage doors for fencing,
cockfighting, etc. She USED to live in a decent rural neighborhood and
now she lives in Little Tijuana because the feds won't do their job
and keep these people OUT!!!
For two years now, my realtor has told me the only people buying
houses in the IE were Mexican! That's because they were offering these
low interest and no interest loans to those who can't understand what
they are buying! They couldn't afford the houses to begin with. Good
riddance to them I say.
Corona and the IE will come back, hopefully with few of the LA
transplants bringing their gang families with them this time. Last
downturn, they ruined Moreno Valley!"
Posted by: Hoosier | July 02, 2008 at 08:04 PM
"The toilet bowl that is Los Angeles is now rimmed with s*** from
Palmdale to Coachella, Rancho Cowabunga to Chino Smells, Santa Ana to
Garbage Grove, and Willowbrook to Watts.
My heartfelt apologies for leaving out Sun Valley, Monterey Park and
El Sereno as well- most of it deteriorating as a direct result of Ted
Kennedy's brilliant immigration theories and the incomparable Hart
Cellars Act of 1965.
My heartfelt condolences to the victims of King Drew Medical Center,
the Pasadena School District, and of course all current and future
graduates of Academia Semillas del Pueblo.
Believe it or not, LA used to be run by people thinking more than 15
minutes into the future."
Posted by: anon | July 02, 2008 at 09:08 PM
"Good luck California. You've lived off the fumes and benefits of
your location for a long time. The wacko liberal policies, unchecked
ILLEGAL immigration, etc. will catch up with you eventually. It's
simply not sustainable (to use your own lingo). Never has been. Learn
from history."
Posted by: Ariel | July 03, 2008 at 06:20 AM
"PANIC....The liberal Democrats and more liberal media just do not
want to take credit for the disaster in California.
High taxes, illegal immigration, sanctuary sities, out of control
spending and just plain stupidity of thinking that heck we can always
tax out selves out of any problem.
Well those who could or can are moving and or are abanding the
craziness of California for more sane areas of the country.
Gray Davis did not get it and neither does Arnold or the ignorant
legislature, Asta La Vista Calafornia."
Posted by: OKIEDOC | July 03, 2008 at 07:13 AM
"I have taught high school at Bel Mar Academy for 22 years in South
Pasadena and previously a fire fighter in Norton. I can say that if
you are middle or working class white, then you cannot find a place
here. If you are rich then it is a great place, if you can get on the
coast and stay there. Aside from the high priced enclaves, Cal is a
mess. It was paradise on earth and still is if you got 2-5 million to
spend, but if you are working joes, it is Dante's hell. If you are
illegal or don't mind living with 10 relatives, I guess it is better
then Mexico. It is just like Mexico, wealthy--great place, for the
poor---Mex is hell on earth."
Posted by: Vernon Dozier | July 03, 2008 at 07:39 AM
"The only thing is, we weren't so overrun by illegals then. That is
what is ruining the lifestyle of most Californians, the "cultural"
differences of so many illegals here. Los Angeles is all Mexican now.
They really are overtaking the state, and this is being allowed by the
liberals in the statehouse and by the federal govt. Just remember,
much of this downfall has been driven by the media. They think the
only news fit to print is bad news."
Posted by: Hoosier | July 03, 2008 at 07:57 AM
"Of course she cannot speak english. All the Mexicans want us to
speak their language.
I am so sick of illegals coming here, not speaking the language and
then acting as if we owe them something.
GO BACK HOME..."
Posted by: Lost in LA | July 03, 2008 at 08:58 AM
"Here is quite revealing news in this story:
L.A., Miami Home Foreclosure Rates More Than Double
http://www.bloomberg.com/apps/news?
pid=3D20601087&sid=3DaYchgMdpnpC8&refer=3Dworldwide
It's not surprising that this happened in two cities that have highest
number of immigrants in the nation. (So much for mass immigration
strenghtening the U.S. economy.)
It has all appearances of a government-sponsored risk-free
speculation.
Here is how it works.
A Mexican (just to name one feerer nation of mass "immigration" into
the U.S.) =93immigrant=94 buys a home with 0% down, backed by FHA. (Just
last year, FHA required a 5% down on =93qualified=94 (meaning: low stated
income, minority status being a plus) home mortgages without PMI, but
provided the borrower with an additional loan for half of the down
payment, and allowed him to borrow the remaining half from elsewhere.)
After two years, if the prices of homes went up, he sells his home and
cashes the =93profit=94, usually in the range of $ 100,000=92s, from the
pocket of the next buyer. (I know several cases in this scenario.)
If, however, the prices go down then he walks away from the loan and
FHA (the taxpayers, that is) foots the bill.
And, of course, some "smart" domestic speculators knew how to take
advantage of this risk-free speculation offer that our government
extended to Mexicans and other minorities, and they made their bets,
too.
The bottom line here is that allowing a prospective home buyer to
borrow more than 80% of the purchase price is a real risk that the
heart-bleeding wishful-thinkers (usually, the libs and the neocons)
cannot eliminate just because they think that 20% down is unfairly
high to Mexicans and other minorities. Now, we are payng the price for
their reckless messing up with mortgage rules."
Posted by: A Reader | July 03, 2008 at 09:15 AM
"I moving out of California pretty soon. Tired of my tax dollars
going to Mexican's who have 5 children and are on welfare and don't
even try to get a job. Thanks for ruining our state...."
Posted by: I'm gone | July 03, 2008 at 09:16 AM
"Reasons #423-#430 why I'm leaving California. I have had solid
success in the movie and film production business which I love. I
moved here from Ohio. I'm the kind of motivated guy you want here.
It's really sad what illegal immigration, gangs and crime have done to
the Golden State. Wow. By September, I'll be watching this all
collapse from a distance instead of in front of my yard."
Posted by: Crewguy | July 03, 2008 at 09:24 AM
"Honestly I love seeing the California real estate market,
especially in the filthy Inland Empire populated by a majority of
illegal aliens, go into the dumps. What was once the greatest state in
the country is now a shell of what it once was. The Golden State is
now the brown state of Mexifornia. Good riddance. Any USA citizen who
buys a home in the interior of the state deserves what they get. From
Stockton down to El Centro, one big craphole."
Posted by: Seattle Man | July 03, 2008 at 10:00 AM
"Don't worry, the US govt will im****t 10 million new immigrants, and
set them up with full welfare and live in your house scot-free for
life.
Good thing Immigration and diversity is killing the American coasts.
If you remove the coastal states, American isn't half bad."
Posted by: Midwesterner | July 03, 2008 at 05:56 PM
""the woman working there had questionable English fluency. When
asked how many homes had been sold in the past month she simply
responded, 'Uh huh. Thank you. Yes!'"
This is why many businesses are losing sales here in Mexifornia.
Try to order a hamburger at a fast food joint or check out at a store
and get you'll be met with the same level of language fluency."
Posted by: Sandra | July 04, 2008 at 02:41 PM
++++++++++++++++++++++++++++++++++++++++++++
What Would the U.S.A.'s Founding Fathers Do?
If the representatives of the people betray their constituents,
there is then no resource left but in the exertion of that
original right of self-defense which is paramount to all positive
forms of government ... The citizens must rush tumultuously to
arms, without concert, without system, without resource;
except in their courage and despair ...
The natural strength of the people in a large community, in
pro****tion to the artificial strength of the government, is greater
than in a small ... the people, without exaggeration, may be said
to be entirely the masters of their own fate.
-- Alexander Hamilton
We in America do not have government by the majority.
We have government by the majority who participate.
-- Thomas Jefferson
All tyranny needs to gain a foothold is for people of good
conscience to remain silent.
-- Thomas Jefferson
Every government degenerates when trusted to the rulers of
the people alone. The people themselves are its only safe
depositories.
-- Thomas Jefferson
No free man shall ever be debarred the use of arms.
-- Thomas Jefferson
The strongest reason for the people to retain the right to
keep and bear arms is, as a last resort, to protect themselves
against tyranny in government.
-- Thomas Jefferson
As our enemies have found we can reason like men, so now
let us show them we can fight like men also.
-- Thomas Jefferson
Don't talk about what you have done or what you are going
to do.
-- Thomas Jefferson
Every citizen should be a soldier. This was the case with the
Greeks and Romans, and must be that of every free state.
-- Thomas Jefferson
Do you want to know who you are? Don't ask. Act! Action will
delineate and define you.
-- Thomas Jefferson
Merchants have no country. The mere spot they stand on
does not constitute so strong an attachment as that from which
they draw their gains.
-- Thomas Jefferson
I hope we shall crush in its birth the aristocracy of our monied
cor****ations which dare already to challenge our government to
a trial by strength, and bid defiance to the laws of our country.
-- Thomas Jefferson
I believe that banking institutions are more dangerous to our
liberties than standing armies.
-- Thomas Jefferson
Experience hath shewn, that even under the best forms of government
those entrusted with power have, in time, and by slow operations,
perverted it into tyranny.
-- Thomas Jefferson
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