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BAKERSFIELD BUBBLE MARKET CALL - The bottom is in! 7 May 2009 | 03:13 am
Former housing bubble BEAR and the man (ME) whole predicted this financial mess says the following: I am officially calling a bottom in the local housing market and saying its a good time to buy a ho...
Final post 11 Jan 2009 | 07:13 am
Thanks to all the visitors who come to this site daily. I have decided to do something else with my free time. I have enjoyed posting on the collapse of our local bubble economy on this site and on t...
Gottchalks to file for bankruptcy? 10 Jan 2009 | 10:39 am
Gottchalks update: Gottschalks employees have been told to quickly cash pending paychecks and to expect a bankruptcy filing as soon as today, the Business Journal has learned. Employees say the depa...
Valley dairy industry in bad shape 10 Jan 2009 | 02:59 am
Let me be the first to say I have no sympathy for these greedy dairyman! They are partly responsible for driving up our land and home prices during the boom with their 1031 money. In addition they re...
Dick Cheney is a blind idiot! 9 Jan 2009 | 12:20 pm
Bush and Cheney start re-writing history: WASHINGTON – Vice President Dick Cheney says that his boss, President George W. Bush, has no need to apologize to the American people for not doing more to h...
Notices of default set a new record. 6 Jan 2009 | 10:44 am
County of Kern Link 1,553 NOD's for December. The highest ever! I recall one of our posters saying that the bottom was in for NOD's. Not sure if we should have believed him...just saying!
Former real estate moguls luxury HQ sold...blogger (me) nails the FMV! 3 Jan 2009 | 10:29 am
The former HQ for the Twin Towers project was sold in late December 2008. The price was $1 million dollars. See the comments from the orginal listing in May 2007: Bakersfield Bubble said... 10,000 sq...
Padre Hotel Partnership Launches $18M Renovation 2 Jan 2009 | 07:32 am
Globe St.com: BAKERSFIELD, CA-A group called Padre Hotel Partners LP has launched an $18 million renovation of the Padre Hotel. The renovation of the 10-story, 80-year-old hotel at 1813 H St. will re...
CONservative republicans get bailed out and Flying J update 31 Dec 2008 | 05:15 am
Ceberus and GMAC get bailed out. Cerberus is run by Dan Potatoe Qualye, John Snow (former Bush Treasury Sec) and about 10 other CONservative republican lobbyists.: WASHINGTON (Reuters) - The Bush adm...
Another bubble bursts...another prediction comes true 27 Dec 2008 | 07:52 pm
Recall my post from Sep 2007 regarding the bubble in Almonds. Keep in mind that 80% of the worlds almonds are grown in the Valley. I sure hope John Madden doesn't lose too much money... Bakersfield.c...
