- This topic has 350 replies, 14 voices, and was last updated 15 years, 7 months ago by
macromaniac.
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February 23, 2009 at 4:53 PM #353460February 23, 2009 at 5:22 PM #352895
macromaniac
ParticipantScaredycat,
It will, and already has…trust me. I have friends with big money that have tightened their belts to the extreme.
We are now reaching the place where people actually are awakening to the fact the our own government lies to us repeatedly and blatantly, that our regulatory agencies that we pay don’t protect us AT ALL (Enron, Worldcomm, Madoff, Stanford and a bunch more to come), that the media and stats are distorted and controlled by certain people with agendas, and that GAAP are an absolute joke….
People are more afraid of losing more money than losing out an an opportunity…
Fun times……
February 23, 2009 at 5:22 PM #353206ParticipantScaredycat,
It will, and already has…trust me. I have friends with big money that have tightened their belts to the extreme.
We are now reaching the place where people actually are awakening to the fact the our own government lies to us repeatedly and blatantly, that our regulatory agencies that we pay don’t protect us AT ALL (Enron, Worldcomm, Madoff, Stanford and a bunch more to come), that the media and stats are distorted and controlled by certain people with agendas, and that GAAP are an absolute joke….
People are more afraid of losing more money than losing out an an opportunity…
Fun times……
February 23, 2009 at 5:22 PM #353338ParticipantScaredycat,
It will, and already has…trust me. I have friends with big money that have tightened their belts to the extreme.
We are now reaching the place where people actually are awakening to the fact the our own government lies to us repeatedly and blatantly, that our regulatory agencies that we pay don’t protect us AT ALL (Enron, Worldcomm, Madoff, Stanford and a bunch more to come), that the media and stats are distorted and controlled by certain people with agendas, and that GAAP are an absolute joke….
People are more afraid of losing more money than losing out an an opportunity…
Fun times……
February 23, 2009 at 5:22 PM #353369ParticipantScaredycat,
It will, and already has…trust me. I have friends with big money that have tightened their belts to the extreme.
We are now reaching the place where people actually are awakening to the fact the our own government lies to us repeatedly and blatantly, that our regulatory agencies that we pay don’t protect us AT ALL (Enron, Worldcomm, Madoff, Stanford and a bunch more to come), that the media and stats are distorted and controlled by certain people with agendas, and that GAAP are an absolute joke….
People are more afraid of losing more money than losing out an an opportunity…
Fun times……
February 23, 2009 at 5:22 PM #353470ParticipantScaredycat,
It will, and already has…trust me. I have friends with big money that have tightened their belts to the extreme.
We are now reaching the place where people actually are awakening to the fact the our own government lies to us repeatedly and blatantly, that our regulatory agencies that we pay don’t protect us AT ALL (Enron, Worldcomm, Madoff, Stanford and a bunch more to come), that the media and stats are distorted and controlled by certain people with agendas, and that GAAP are an absolute joke….
People are more afraid of losing more money than losing out an an opportunity…
Fun times……
February 23, 2009 at 5:25 PM #352900peterb
ParticipantWhy ya think treasuries are so popular right now? Because of the ROI? Yes, Return Of Investment.
Making money in a down trending market is very possible, but it’s a game for the very nimble.
February 23, 2009 at 5:25 PM #353211ParticipantWhy ya think treasuries are so popular right now? Because of the ROI? Yes, Return Of Investment.
Making money in a down trending market is very possible, but it’s a game for the very nimble.
February 23, 2009 at 5:25 PM #353343ParticipantWhy ya think treasuries are so popular right now? Because of the ROI? Yes, Return Of Investment.
Making money in a down trending market is very possible, but it’s a game for the very nimble.
February 23, 2009 at 5:25 PM #353374ParticipantWhy ya think treasuries are so popular right now? Because of the ROI? Yes, Return Of Investment.
Making money in a down trending market is very possible, but it’s a game for the very nimble.
February 23, 2009 at 5:25 PM #353475ParticipantWhy ya think treasuries are so popular right now? Because of the ROI? Yes, Return Of Investment.
Making money in a down trending market is very possible, but it’s a game for the very nimble.
February 23, 2009 at 5:27 PM #352905Eugene
Participant[quote=BGinRB]
Popular fallacy. The argument goes something like this:
Low income people rent <=> The owners are upper 2/3 && median price needs to be affordable by median among owners => median price will never be affordable by median income family.[/quote]That’s not how the argument goes. The argument is, “median household income does not have to afford a median house”. The reason: there are more households than houses. Many households can’t afford or don’t need houses.
Median household income should afford a median housING UNIT, which could be an apartment, a condo, or a detached house.
And “afford” is a vague word, generally speaking, even 50% of gross income could be “affordable”.
Ultimately, the ratio of median housing cost to median household income should give you the desirability of the place. It stands to reason that Rochester NY, with its climate and white flight problems, would be less desirable than San Diego.
February 23, 2009 at 5:27 PM #353216Participant[quote=BGinRB]
Popular fallacy. The argument goes something like this:
Low income people rent <=> The owners are upper 2/3 && median price needs to be affordable by median among owners => median price will never be affordable by median income family.[/quote]That’s not how the argument goes. The argument is, “median household income does not have to afford a median house”. The reason: there are more households than houses. Many households can’t afford or don’t need houses.
Median household income should afford a median housING UNIT, which could be an apartment, a condo, or a detached house.
And “afford” is a vague word, generally speaking, even 50% of gross income could be “affordable”.
Ultimately, the ratio of median housing cost to median household income should give you the desirability of the place. It stands to reason that Rochester NY, with its climate and white flight problems, would be less desirable than San Diego.
February 23, 2009 at 5:27 PM #353348Participant[quote=BGinRB]
Popular fallacy. The argument goes something like this:
Low income people rent <=> The owners are upper 2/3 && median price needs to be affordable by median among owners => median price will never be affordable by median income family.[/quote]That’s not how the argument goes. The argument is, “median household income does not have to afford a median house”. The reason: there are more households than houses. Many households can’t afford or don’t need houses.
Median household income should afford a median housING UNIT, which could be an apartment, a condo, or a detached house.
And “afford” is a vague word, generally speaking, even 50% of gross income could be “affordable”.
Ultimately, the ratio of median housing cost to median household income should give you the desirability of the place. It stands to reason that Rochester NY, with its climate and white flight problems, would be less desirable than San Diego.
February 23, 2009 at 5:27 PM #353379Participant[quote=BGinRB]
Popular fallacy. The argument goes something like this:
Low income people rent <=> The owners are upper 2/3 && median price needs to be affordable by median among owners => median price will never be affordable by median income family.[/quote]That’s not how the argument goes. The argument is, “median household income does not have to afford a median house”. The reason: there are more households than houses. Many households can’t afford or don’t need houses.
Median household income should afford a median housING UNIT, which could be an apartment, a condo, or a detached house.
And “afford” is a vague word, generally speaking, even 50% of gross income could be “affordable”.
Ultimately, the ratio of median housing cost to median household income should give you the desirability of the place. It stands to reason that Rochester NY, with its climate and white flight problems, would be less desirable than San Diego.
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