“43% Overpriced”

[bigmoneysalsa]

From factfinder.census.gov, year 2000, San Diego County

Median family income 53,438

Single-family owner-occupied homes Median value 227,200

And remember this was 2000, after the market had already been booming for 4 straight years.

In the mid 1990’s a median value single family home was absolutely affordable for a median income family. Saying that we will never get to that point again is a rather bold statement.

[anon1402]

Is there a concern that there is a replay of the Japanese recession?

Correct me please. The Japanese had a recession for the past 10+ years where there prime rate was at zero percent. Are there any similarities with our recession?

[anon1402]

Is there a concern that there is a replay of the Japanese recession?

Correct me please. The Japanese had a recession for the past 10+ years where there prime rate was at zero percent. Are there any similarities with our recession?

[anon1402]

Is there a concern that there is a replay of the Japanese recession?

Correct me please. The Japanese had a recession for the past 10+ years where there prime rate was at zero percent. Are there any similarities with our recession?

[anon1402]

Is there a concern that there is a replay of the Japanese recession?

Correct me please. The Japanese had a recession for the past 10+ years where there prime rate was at zero percent. Are there any similarities with our recession?

[anon1402]

Is there a concern that there is a replay of the Japanese recession?

Correct me please. The Japanese had a recession for the past 10+ years where there prime rate was at zero percent. Are there any similarities with our recession?

[kewp]

There will always be *some* construction going on. Just drive around LaJolla and see all the n-million dollar homes being torn down in order to make way for new n+1-million dollar ones.

I’m saying there will be no new big developments in SD for a *long* time. There is too much overhang. Look at all the inventory now and consider whats going to happen when all the FB’s toss their keys in ’08 and ’09. Especially during a recession.

I’m not sure what Radelowe is working on, but unless his time frame is 10+ years out I don’t see it being a profitable investment.

[kewp]

There will always be *some* construction going on. Just drive around LaJolla and see all the n-million dollar homes being torn down in order to make way for new n+1-million dollar ones.

I’m saying there will be no new big developments in SD for a *long* time. There is too much overhang. Look at all the inventory now and consider whats going to happen when all the FB’s toss their keys in ’08 and ’09. Especially during a recession.

I’m not sure what Radelowe is working on, but unless his time frame is 10+ years out I don’t see it being a profitable investment.

[kewp]

There will always be *some* construction going on. Just drive around LaJolla and see all the n-million dollar homes being torn down in order to make way for new n+1-million dollar ones.

I’m saying there will be no new big developments in SD for a *long* time. There is too much overhang. Look at all the inventory now and consider whats going to happen when all the FB’s toss their keys in ’08 and ’09. Especially during a recession.

I’m not sure what Radelowe is working on, but unless his time frame is 10+ years out I don’t see it being a profitable investment.

[kewp]

There will always be *some* construction going on. Just drive around LaJolla and see all the n-million dollar homes being torn down in order to make way for new n+1-million dollar ones.

I’m saying there will be no new big developments in SD for a *long* time. There is too much overhang. Look at all the inventory now and consider whats going to happen when all the FB’s toss their keys in ’08 and ’09. Especially during a recession.

I’m not sure what Radelowe is working on, but unless his time frame is 10+ years out I don’t see it being a profitable investment.

[kewp]

There will always be *some* construction going on. Just drive around LaJolla and see all the n-million dollar homes being torn down in order to make way for new n+1-million dollar ones.

I’m saying there will be no new big developments in SD for a *long* time. There is too much overhang. Look at all the inventory now and consider whats going to happen when all the FB’s toss their keys in ’08 and ’09. Especially during a recession.

I’m not sure what Radelowe is working on, but unless his time frame is 10+ years out I don’t see it being a profitable investment.

[kewp]

Are there any similarities with our recession?

Well, the big difference is that debt is much harder (impossible?) to walk away from in Japan. There is really no concept of bankruptcy or foreclosure. The japanese FB’er just shuts all the windows and fires up the charcoal grill.

Its kinda funny, but I think its better for an economy to have lenient debt forgiveness!

If you screw the borrower, they are forced into a life of debt slavery, providing liquidity to the lender. The lender probably isn’t spending this money, more likely he’s either hoarding it or lending it out to someone else. Probably an American buying a yellow hummer with a home equity loan. No good for the local economy.

However, in America, we just toss the keys back to the bank and go back to rentin’ and spendin’!

[kewp]

Are there any similarities with our recession?

Well, the big difference is that debt is much harder (impossible?) to walk away from in Japan. There is really no concept of bankruptcy or foreclosure. The japanese FB’er just shuts all the windows and fires up the charcoal grill.

Its kinda funny, but I think its better for an economy to have lenient debt forgiveness!

If you screw the borrower, they are forced into a life of debt slavery, providing liquidity to the lender. The lender probably isn’t spending this money, more likely he’s either hoarding it or lending it out to someone else. Probably an American buying a yellow hummer with a home equity loan. No good for the local economy.

However, in America, we just toss the keys back to the bank and go back to rentin’ and spendin’!

[kewp]

Are there any similarities with our recession?

Well, the big difference is that debt is much harder (impossible?) to walk away from in Japan. There is really no concept of bankruptcy or foreclosure. The japanese FB’er just shuts all the windows and fires up the charcoal grill.

Its kinda funny, but I think its better for an economy to have lenient debt forgiveness!

If you screw the borrower, they are forced into a life of debt slavery, providing liquidity to the lender. The lender probably isn’t spending this money, more likely he’s either hoarding it or lending it out to someone else. Probably an American buying a yellow hummer with a home equity loan. No good for the local economy.

However, in America, we just toss the keys back to the bank and go back to rentin’ and spendin’!

[kewp]

Are there any similarities with our recession?

Well, the big difference is that debt is much harder (impossible?) to walk away from in Japan. There is really no concept of bankruptcy or foreclosure. The japanese FB’er just shuts all the windows and fires up the charcoal grill.

Its kinda funny, but I think its better for an economy to have lenient debt forgiveness!

If you screw the borrower, they are forced into a life of debt slavery, providing liquidity to the lender. The lender probably isn’t spending this money, more likely he’s either hoarding it or lending it out to someone else. Probably an American buying a yellow hummer with a home equity loan. No good for the local economy.

However, in America, we just toss the keys back to the bank and go back to rentin’ and spendin’!

[Author]

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