Are Humboldt properties shaking off t...

Are Humboldt properties shaking off the slump?

There are 39 comments on the Eureka Times Standard story from Nov 17, 2008, titled Are Humboldt properties shaking off the slump?. In it, Eureka Times Standard reports that:

Despite months of dusky gloom in the national housing market, there is a ray of light, however dim, for home-hunters in Humboldt County.

Join the discussion below, or Read more at Eureka Times Standard.

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jason

Lubbock, TX

#21 Nov 17, 2008
If people were to make decisions based on this story they would be being misled.

You provide NEWS for people. This article is MANIPULATING PEOPLE FOR THE GAIN OF REALTORS.

TS- you are hurting people by LYING TO THEM and calling it news.
mark

Arcata, CA

#22 Nov 17, 2008
You go, Jason!
Turn off your TV

Jacksonville, FL

#23 Nov 17, 2008
Mark and Jason - I completely agree with you.

Point of fact I agree with all the posts I read.

I'm not so militant against T-S. Not that their printing of this is worthy of news, but it's the same regurgitated crap we see EVERYWHERE. TV news is particularly bad at it when covering the white house...

What I would say to T-S, is this is a timely and important story that affects us all. I would prefer a thoughtful well researched piece as opposed to getting the sales pitch we can all get by walking into a realtors office.

I saw no explanation or analysis of the claimed numbers. From the numbers one could easily also say realtors sold almost no homes, but of the homes they sold the median price was relatively low.

All I saw was Marketing circle talk.

Please don't waste our time with this crap.

Salud
house

San Francisco, CA

#24 Nov 17, 2008
Wow lots to think about!
anonymous

Sonora, CA

#25 Nov 17, 2008
I doubt the regurgitation of Realtor press releases is sinister, just lazy, which is no less of a reason to be angry, I suppose. Mark, you have a complex historical perspective on the issue -- much more interesting and informative than the article itself. Cheers.
TomH

Santa Barbara, CA

#27 Nov 17, 2008
It's very difficult to adhere to the rules regarding politeness when you read of another clown with a state funded sinecure acting like a cheap shill for the Humboldt realtors - Where was the "associate professor of contemporary economics" over the last six years when these same realtors were generating this mess - we now find ourselves in?
As for you Sean Garmire - look yourself in the mirror and ask why do you write this crap?(ya I know - its' a job)
Anonymous

Arcata, CA

#28 Nov 17, 2008
jefferey just shut the hell up
Anon

San Francisco, CA

#29 Nov 18, 2008
Real Estate agents are the sleazest marketers of them all
Ivan the Terrible

Fortuna, CA

#30 Nov 18, 2008
Nice TomH, had to look up 'sinecure'- best part of the article!

Realtors = SALESPEOPLE.
forfree

London, KY

#32 Dec 22, 2008
Ivan the Terrible wrote:
Nice TomH, had to look up 'sinecure'- best part of the article!
Realtors = SALESPEOPLE.
Wow...glad I left this area in 1988. The whole place seems to suck now!!!!
Bull

AOL

#33 Dec 22, 2008
You can put lipstick on a pig market, it's still a pig!!!
Ivan the Terrible

Arcata, CA

#34 Dec 23, 2008
I am sure where you live not is a whole lot better forfree...er..thats why your looking back right?

“HENCHMAN OF JUSTICE”

Since: Dec 07

McKinleyville

#35 Dec 23, 2008
Anonymous wrote:
thank a grow house near you for keeping property taxes high.
Actually, Thank the homeowner instead for purchasing an overinflated - superiflated home which can only be paid for by money that is not being generated by good paying jobs. Real-Estate is a Ponsai Scheme - Pyramid Scheme - triangle trumpet, if you catch the green.

Jeffrey Lytle
McKinleyville - 5th District

“HENCHMAN OF JUSTICE”

Since: Dec 07

McKinleyville

#36 Dec 23, 2008
Anonymous wrote:
Ha! They'd had told you guys the same thing at the height of the housing boom!
The HSU study was much more accurate.
Somewhat accurate; however, much juice was left out because as an insider of sorts, college officials do not like to rub the wrong shoulders raw. Therefore, important facts could have been translated appropriately since enough regular folks predicted this HOUSING BUST years ago. What took this guy soooooooooooooooooooooo long!

Jeffrey Lytle
McKinleyville - 5th Distrit

“HENCHMAN OF JUSTICE”

Since: Dec 07

McKinleyville

#37 Dec 23, 2008
dicktionary wrote:
<quoted text>
Home prices that have been overvalued since the housing bubble began to inflate are finally beginning to drop to more realistic prices, which is a signal that the housing market is beginning to stabilize. The T-S got it right -- because property values are falling, investors and first-time home buyers can enter the market and lend it stability.
Nice use of the word malaise though...
Hope they got CASH to purchase this home! Credit - very hard;
jobs; very questionable
taxes; standard
commissions; standard

Overall cost of homes : Over 30% of home cost is taxes; Over 45% is materials, leaving approximately 25% in labor!

SO, how again can anyone justify taxing the labor every tax year when the labor no longer exists? Labor is not proper valuation since labor is not equal from tax to tax; and, since labor does not carry over from year to year, homeowners should not be paying taxes on labor they do not receive any longer - yes, a sales tax on labor is illegal; and, since property tax is really a sales tax, then taxing labor is illegal. Further, assessors and appraisers can't tax labor that they do not know what labor was paid for. Therefore, instead of methodologies to separate labor from other labor, which also separates property prices and values, County Officials LUMP ALL labor into the "GOOSE THAT LAYS GOLDEN EGGS ONLY" category - a category to raise taxes to the highest possible level.

Then, "COMPARABLE PROPERTIES"....Now, Realtors and County Appraisers use this to confine the Real-Estate Market to a very narrow range of PRICE FIXING; although the very narrow range of "PRICE FIXING" is very over-inflated / super-inflated. This Comparable property list (County Officials lie and say you only get it when you get your appeals hearing - the Board of Supervisors clerk usually denies claims repetitiously through lies. Homeowners can thank EVERY COUNTY SUPERVISOR FOR SWEEPING UNDER THE RUG KNOWN PROPERTY TAX FRAUDS TO PROTECT THEIR SUBORDINATE TAX THIEVES; AND, THEIR POLITICAL POWER THROUGH THE COLLECTION OF FALSIFIED TAXES BY GOVERNMENT OFFICIALS.

Now Materials (Common Sense): If you buy something BRAND SPANKING NEW, then it ONLY GETS OLDER!

So, again, property/homeowners pay increased taxes every year on home/property materials that dilapitate, corrode, rot, rust, get worn down, get weatherized, have been damaged due to small events not large enough to file for natural disaster tax reliefs; etc... Therefore, with the taxes included, you, the homeowner/property owner will have paid more than the super-inflated prices you may have got sucked into. So, instead of your home being sold once for $350,0000, one can understand that the government officials and their taxation frauds valuate your home as being sold every year - even though you do not sell your home every year. 15 years worth of fecal matter waste pipes are not new; except to the Tax Fraud Appraisers and Assessors.

Ending - look at the tenure of the employees in the Tax Appraisers / Assessors Department. Perks, benefits, special interests, lawyers for defense, etc...

Sad part about California voters - so many bitch about issues they are not willing to learn about.

Proper Valuation = Humboldt County home prices for starter homes will be $200,000 maximum!

“HENCHMAN OF JUSTICE”

Since: Dec 07

McKinleyville

#38 Dec 23, 2008
continued,

This valuation will SHOCK many. Further, elongated government tax fraud and market manipulations through super-inflation is a long-term HOUSING PROBLEM invented for SHORT TERM FINANCIAL GAINS. There are honest builders and developers who speak out about this reality. Problem is, there exists only a handful.

Jeffrey Lytle
McKinleyville - 5th District

“HENCHMAN OF JUSTICE”

Since: Dec 07

McKinleyville

#39 Dec 23, 2008
Turn off your TV wrote:
Mark and Jason - I completely agree with you.
Point of fact I agree with all the posts I read.
I'm not so militant against T-S. Not that their printing of this is worthy of news, but it's the same regurgitated crap we see EVERYWHERE. TV news is particularly bad at it when covering the white house...
What I would say to T-S, is this is a timely and important story that affects us all. I would prefer a thoughtful well researched piece as opposed to getting the sales pitch we can all get by walking into a realtors office.
I saw no explanation or analysis of the claimed numbers. From the numbers one could easily also say realtors sold almost no homes, but of the homes they sold the median price was relatively low.
All I saw was Marketing circle talk.
Please don't waste our time with this crap.
Salud
I saw no explanation or analysis of the claimed numbers.

Response = Exactly; don't give out that which proves PROPERTY TAX FRAUDS. Assessors and Appraisers protect this information so much, they are willing to fabricate character assasinations on filed government documents and forms to switch over any discussion about values to emotions.

Does the Community of Humboldt County WANT the NAMES of the PUBLIC OFFICIALS who are PROVEN to be INVOLVED? Or, do these same folks want to deny reality? Limited choices and opportunity lost (not gained) when victims(consumers and non consumers) allow continuation of this type of victimization which controls value for government, not THE PEOPLE.

Jeffrey Lytle
McKinleyville - 5th District
the kid

Seaside, CA

#40 Dec 23, 2008
Lewiston121 wrote:
The next six months will hardly be a good time to buy. Knifecatchers thought 2006, 2007, and 2008 were good times to buy as prices began to drop--and they have all lost money. Jobs here are being slashed. As for Southern Californians moving here, that is coming to an end for now--what attracted them were cheaper prices. Prices in San Diego county are comparable to Humboldt county. Equity locusts down there can't sell their houses, and even if they could, there is no incentive to move to gloomy Humboldt given the relatively similar prices here now.
Face it: if you bought anytime since 2000, you're a chump and paid too much. As "investors" and those holding multiple properties begin to get desperate for cash, they will have little choice to unload their extra properties...we're already seeing it now. After holding steady around 20-25 foreclosures the whole year, in the last month they've spiked to around 45 in Humboldt county. This is just getting started. Do you really think Monterey or San Diego can fall 50% from the top and Humboldt won't? Get real. The opportunities to buy will be in 2011 or 2012; with the Dems in Congress and the White House, bailout after bailout will be directed towards attempting to artificially prop up home prices. They've already spent $3 Trillion towards this--and failed. This is unstoppable and represents a sea change in the nation's whole concept of debt-leveraged spending. Better try to live within your means!
Holla at my boy Lewiston121, im with ya dawg....this nonsense is about to pop off for another minute yo....it took awhile to climb as it will to drop, save your coin kids, swoop up a crib in 2010-11 and you'll be lampin' so hard in your new spot you'll be able to score a new lazy boy for real
Sir Didymus

Eureka, CA

#41 Nov 28, 2013
*Humboldt: worthless properties*

I decided to go land and house shopping between LA county and Humboldt. Let's just say largely Humboldt homes are disgustingly overpriced and overall worthless. The home my friends bought had 2.5 acres (2.5 acres in Fortuna) and was sold for 500,000 DOLLARS! In LA county you could be at least 10 2 acre homes (50,000 for 2.5 acres in LA county.) This home didn't have insulation, proper heating, a good foundation, etc. They sold my parents that piece of shit property for 500,000. Most crappy homes in Humboldt are missing important things like FOUNDATION! In Humboldt I found a .35 acre of land worth $250,000 while in LA county a 2.4 acre of land was worth 50,000. Humboldt has worthless real-estate that I will not touch with a 10 foot pole. It's hilarious these individuals think I'll buy something they put ZERO EFFORT into.
I'm surprised anyone would waste their time renting property in Humboldt let alone buying these overrated properties. Are these people mentally ill?

When I save up enough money I'll buy some houses in LA county and rent them out.

I've convinced at least 15+ people I've met to not waste their time with real-estate in Humboldt. I told them that some of these homes don't even have foundation and that largely you'll be wasting your time. One home was sold for 200,000 dollars, was missing a FOUNDATION, the roof was broken, the house was covered in shade even during noon hours (who built this home) then there was no paved roads nearby, and no plumbing.

Moral of the story? Don't buy overpriced shitty real-estate AND land in Humboldt.

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