[quote=livinincali][quote=flu]
I hope I’m right and we see the stock market tanks all the way until the end of the year… I hope we have falling rates, and I hope that this down market wipes out the investment spirit during the first quarter of 2013, so that we can get some decent inventory locally again for the first quarter in 2013……..[/quote]
I’d probably wait until one of these Single Family investment hedge funds blows up 3-5 years down the road. That will be an interesting forced liquidation. Thousands of rental properties to be liquidated, although I don’t think we’ll see much in San Diego though. It will probably be Las Vegas or Phoenix where the implosion happens.[/quote]
I’m more interested in seeing how the state taxes hike across the board is gonna put less money into average j6p pocket…making them perpetual renters…
After all, those incremental 1% or 2% tax for the top income earners isn’t probably gonna make nearly as bad a dent as the sales tax is gonna be for average j6p
but hey, it’s what the people wanted… so cool….
Then again with a super demo government, we could see more moratorium after moratorium…So who knows…..
