[quote=Astrid Rey][quote=temeculaguy]As an OG of this site I have dropped in every few months only to close the window in disgust to see what my once loved forum has become. I have different motives today than I did back then. I bought eleven years ago after the biggest bubble in my lifetime and I will always credit this place with how I managed to time the market. Now I’m curious as my children are now adults, college grads and in the workforce, I want to give them advice that is timely as far as purchases or renting goes.
But alas, the site is awash in liberal drivel, socialism, politics and trump derangement syndrome. What the hell happened? This place was the “red pill” to the main stream media circa 2006 and look at it now. To quote Bunk from the Wire “Makes me sick how far we done fell” https://www.youtube.com/watch?v=1wmgghlEagA
So when does piggington become a forum for the economic punk rockers again, those who would never listen to the main stream media and want to beat the sheeple and the system. Or will it remain a place democratic socialists go when the Rachael Maddow show has a guest host?
I’ve also seen the treatment of some old friends by the rabid progressives and have been tempted to intervene, but wisdom prevents me from doing so because they need to age out of it. As the old saying goes, “if you are not a socialist by 20 you have no heart but if you are not a conservative by 40 you have no brain.” They need to age out of it and I will not convince them otherwise, however at some point someone has to declare “adult swim, everyone under 18, out of the pool.” Plus I hate politics and despise both sides and never put that much faith in another human.
BTW interesting history about that socialist quote, https://quoteinvestigator.com/2014/02/24/heart-head/
there’s debate about who said it and what they said, but any of those credited and any of the versions still make the point.[/quote]
What made this site and others like it during the housing bubble fascinating to read was that it was not simply about economics and housing prices. It was really about group thinking and how so many people will behave irrationally when they are surrounded by the safety of others doing the same thing.
It is so ironic that temeculaguy has now revealed himself to be a stereotypical Trump follower. Trump and his followers are driven by the selfish but irrational psychology that created the real estate bubble.
People put blind faith in the idea that real estate would make them wealthy and that the price would always go up despite obvious evidence to the contrary.
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since FlyerInHi brought up the subject of terrorism on another thread because of events in NZ,… one older comment caught my eye
[quote=cvmom]
Seems to me that people coming in from outside the country are really not the primary issue–the issue is people who are disenfranchised, not part of the community, don’t really see a future for themselves, and who want to get back at all of those who are on the other side of that divide. Those unhappy people can really come from anywhere, including internally. As long as there are people who don’t have hope, this danger is going to continue.
FWIW what came to mind is Lord of the Flies a book focuses on a group of British boys stranded on an uninhabited island and their disastrous attempt to govern themselves
as I see things, for the most part there isn’t any adult “political” leadership addressing big financial issues head on, so what happens in reality is extreme political views that actually create big financial problems!
being higher up on the economic food chain, skimming comments on this forum can be useful but one need to read between the lines,… for example this thread confirmed that for the time being having rental properties in the area is a good investment BUT one has to look eles where to see that prices are being bid up by “foreign” and so called “smart money”
which is comforting since I’m one of lucky ones who happens to have various RE holding(s) in my own portfolio
if I were starting out it would be difficult because of various economic headwinds, so don’t see any obvious low risk choices other than being prudent and don’t put your self in a positon of being overextended
[quote=temeculaguy]
I’m not sure the stars will align again the same way they did last time. I also see the prices at about 2006 levels, which was way overpriced in 2006 but in 2019 I’m not so sure. Just borrow no more than about 3X your gross household income and it won’t matter if your value goes up or down if you can ride it out. The trouble with just starting out is that is difficult to time the market because if prices tank, then jobs, income and credit will too. Young couples need all three.
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