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  • July 19, 2009 at 6:56 AM #16060
    4plexowner
    Participant

    Economic decline in America will continue as long as real estate values are declining

    To stop economic decline we must put a floor under real estate values

    California is the key state to focus on for these reasons:

    1. trends start on the West coast and move east – if you are going to manipulate any market focus on the West coast in an attempt to stop the trends

    2. a significant portion of all the real estate ‘wealth’ in America is concentrated in just a few states, California being one of them – if you are going to manipulate any market focus on the big ones

    3. 58% of the Option ARM mortgages were issued in California – if you are going to manipulate a market focus on the one where your manipulation will prevent or mitigate the biggest upcoming problem

    4. 40% of the economic activity in Southern California was based on housing – if the infatuation with real estate ends the area will lose 40% of its economy which will lead to major declines in tax revenues at all levels of government – city, county and state governments declaring bankruptcy is not a trend that we want to see started – and again, where do trends start?

    Any other reasons to manipulate the California real estate markets?

    July 19, 2009 at 7:06 AM #434453
    4plexowner
    Participant

    Just so we are clear, I don’t believe that any manipulation will prevent the next downleg in SoCal’s real estate market (coming soon to the high end market near you!)

    I continue to believe that the real bottom in SoCal’s real estate market will occur in 2011/2012 at the earliest and maybe not until 2014 – prices will scrape along this bottom for 2 or 3 years before starting to appreciate slowly

    The only caveat I see is if the govt and/or banks can somehow return the zero-down, fog-a-mirror loans so coffee baristas and migrant workers can return to buying $700K houses

    July 19, 2009 at 7:06 AM #434215
    4plexowner
    Participant

    Just so we are clear, I don’t believe that any manipulation will prevent the next downleg in SoCal’s real estate market (coming soon to the high end market near you!)

    I continue to believe that the real bottom in SoCal’s real estate market will occur in 2011/2012 at the earliest and maybe not until 2014 – prices will scrape along this bottom for 2 or 3 years before starting to appreciate slowly

    The only caveat I see is if the govt and/or banks can somehow return the zero-down, fog-a-mirror loans so coffee baristas and migrant workers can return to buying $700K houses

    July 19, 2009 at 7:06 AM #434286
    4plexowner
    Participant

    Just so we are clear, I don’t believe that any manipulation will prevent the next downleg in SoCal’s real estate market (coming soon to the high end market near you!)

    I continue to believe that the real bottom in SoCal’s real estate market will occur in 2011/2012 at the earliest and maybe not until 2014 – prices will scrape along this bottom for 2 or 3 years before starting to appreciate slowly

    The only caveat I see is if the govt and/or banks can somehow return the zero-down, fog-a-mirror loans so coffee baristas and migrant workers can return to buying $700K houses

    July 19, 2009 at 7:06 AM #433903
    4plexowner
    Participant

    Just so we are clear, I don’t believe that any manipulation will prevent the next downleg in SoCal’s real estate market (coming soon to the high end market near you!)

    I continue to believe that the real bottom in SoCal’s real estate market will occur in 2011/2012 at the earliest and maybe not until 2014 – prices will scrape along this bottom for 2 or 3 years before starting to appreciate slowly

    The only caveat I see is if the govt and/or banks can somehow return the zero-down, fog-a-mirror loans so coffee baristas and migrant workers can return to buying $700K houses

    July 19, 2009 at 7:06 AM #433699
    4plexowner
    Participant

    Just so we are clear, I don’t believe that any manipulation will prevent the next downleg in SoCal’s real estate market (coming soon to the high end market near you!)

    I continue to believe that the real bottom in SoCal’s real estate market will occur in 2011/2012 at the earliest and maybe not until 2014 – prices will scrape along this bottom for 2 or 3 years before starting to appreciate slowly

    The only caveat I see is if the govt and/or banks can somehow return the zero-down, fog-a-mirror loans so coffee baristas and migrant workers can return to buying $700K houses

    July 19, 2009 at 8:51 AM #434230
    BuyerWillEPB
    Participant

    You bring up some valid points. But I see one flaw in your reasoning.

    Wouldn’t you also agree that future growth and prosperity lies with the next generation? If the fraudulent high real estate prices are allowed (manipulated as you say) to remain, then the entire next generation will never be able to participate. During the RE craze, the next generation was “priced out forever” remember? The children and grandchildren must find affordable housing, and they will. Hence, any and all efforts to manipulate the high housing prices are doomed to failure.

    July 19, 2009 at 8:51 AM #433714
    BuyerWillEPB
    Participant

    You bring up some valid points. But I see one flaw in your reasoning.

    Wouldn’t you also agree that future growth and prosperity lies with the next generation? If the fraudulent high real estate prices are allowed (manipulated as you say) to remain, then the entire next generation will never be able to participate. During the RE craze, the next generation was “priced out forever” remember? The children and grandchildren must find affordable housing, and they will. Hence, any and all efforts to manipulate the high housing prices are doomed to failure.

    July 19, 2009 at 8:51 AM #434468
    BuyerWillEPB
    Participant

    You bring up some valid points. But I see one flaw in your reasoning.

    Wouldn’t you also agree that future growth and prosperity lies with the next generation? If the fraudulent high real estate prices are allowed (manipulated as you say) to remain, then the entire next generation will never be able to participate. During the RE craze, the next generation was “priced out forever” remember? The children and grandchildren must find affordable housing, and they will. Hence, any and all efforts to manipulate the high housing prices are doomed to failure.

    July 19, 2009 at 8:51 AM #434301
    BuyerWillEPB
    Participant

    You bring up some valid points. But I see one flaw in your reasoning.

    Wouldn’t you also agree that future growth and prosperity lies with the next generation? If the fraudulent high real estate prices are allowed (manipulated as you say) to remain, then the entire next generation will never be able to participate. During the RE craze, the next generation was “priced out forever” remember? The children and grandchildren must find affordable housing, and they will. Hence, any and all efforts to manipulate the high housing prices are doomed to failure.

    July 19, 2009 at 8:51 AM #433918
    BuyerWillEPB
    Participant

    You bring up some valid points. But I see one flaw in your reasoning.

    Wouldn’t you also agree that future growth and prosperity lies with the next generation? If the fraudulent high real estate prices are allowed (manipulated as you say) to remain, then the entire next generation will never be able to participate. During the RE craze, the next generation was “priced out forever” remember? The children and grandchildren must find affordable housing, and they will. Hence, any and all efforts to manipulate the high housing prices are doomed to failure.

    July 19, 2009 at 9:11 AM #434235
    Arraya
    Participant

    He did not say it was a good idea. More like grasping at straws.

    They are not thinking past the next quarter and their manipulation will fall spectacularly. As in, it will cost future generations dearly and will do nothing but temporarily hold up values until they run out of money and world support for this project The purchasing power of the market has been going strait down for a year. Eventually there will be parity and overcorrection. In actuality the mean has been moving down, albeit slowly. So there is not even a mean to revert to.

    This is not just national, it is global

    July 19, 2009 at 9:11 AM #434306
    Arraya
    Participant

    He did not say it was a good idea. More like grasping at straws.

    They are not thinking past the next quarter and their manipulation will fall spectacularly. As in, it will cost future generations dearly and will do nothing but temporarily hold up values until they run out of money and world support for this project The purchasing power of the market has been going strait down for a year. Eventually there will be parity and overcorrection. In actuality the mean has been moving down, albeit slowly. So there is not even a mean to revert to.

    This is not just national, it is global

    July 19, 2009 at 9:11 AM #433923
    Arraya
    Participant

    He did not say it was a good idea. More like grasping at straws.

    They are not thinking past the next quarter and their manipulation will fall spectacularly. As in, it will cost future generations dearly and will do nothing but temporarily hold up values until they run out of money and world support for this project The purchasing power of the market has been going strait down for a year. Eventually there will be parity and overcorrection. In actuality the mean has been moving down, albeit slowly. So there is not even a mean to revert to.

    This is not just national, it is global

    July 19, 2009 at 9:11 AM #433719
    Arraya
    Participant

    He did not say it was a good idea. More like grasping at straws.

    They are not thinking past the next quarter and their manipulation will fall spectacularly. As in, it will cost future generations dearly and will do nothing but temporarily hold up values until they run out of money and world support for this project The purchasing power of the market has been going strait down for a year. Eventually there will be parity and overcorrection. In actuality the mean has been moving down, albeit slowly. So there is not even a mean to revert to.

    This is not just national, it is global

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