America’s Post-Subprime Boomtowns

[nostradamus]

Tg I think there’s a fourth demographic: those who feel they missed the get-rich-quick train during the latest bubble and were priced out, now feel the train has slowed down and they can jump on. Years and years of RE cheer leading isn’t easily forgotten by the recklessly optimistic.

Someone on another thread called RE a crap shoot. I think today it’s more like roulette. Craps has great odds of coming out ahead.

[carlsbadworker]

nostradamus , I would think the fourth group has bought a long time ago. I personally met/knew a few in Temecula valley. Those feel they missed the get-rich-quick train are least informed about the fundamentals. Therefore, they are eager to jump in as soon as the real estate showed the first sign of price decline.

[carlsbadworker]

nostradamus , I would think the fourth group has bought a long time ago. I personally met/knew a few in Temecula valley. Those feel they missed the get-rich-quick train are least informed about the fundamentals. Therefore, they are eager to jump in as soon as the real estate showed the first sign of price decline.

[carlsbadworker]

nostradamus , I would think the fourth group has bought a long time ago. I personally met/knew a few in Temecula valley. Those feel they missed the get-rich-quick train are least informed about the fundamentals. Therefore, they are eager to jump in as soon as the real estate showed the first sign of price decline.

[carlsbadworker]

nostradamus , I would think the fourth group has bought a long time ago. I personally met/knew a few in Temecula valley. Those feel they missed the get-rich-quick train are least informed about the fundamentals. Therefore, they are eager to jump in as soon as the real estate showed the first sign of price decline.

[carlsbadworker]

nostradamus , I would think the fourth group has bought a long time ago. I personally met/knew a few in Temecula valley. Those feel they missed the get-rich-quick train are least informed about the fundamentals. Therefore, they are eager to jump in as soon as the real estate showed the first sign of price decline.

[nostradamus]

[quote=carlsbadworker]nostradamus , I would think the fourth group has bought a long time ago. I personally met/knew a few in Temecula valley. Those feel they missed the get-rich-quick train are least informed about the fundamentals. Therefore, they are eager to jump in as soon as the real estate showed the first sign of price decline.[/quote]
I’m sure you’re right, and I saw a lot of that in Mira Mesa where I live but I’m pretty sure I’m still seeing it. Although I don’t like to rely on MSM for my sources, I thought this article (posted on sdlookup by creative_cpa) rang true about the “fourth demographic” I wrote of.

[nostradamus]

[quote=carlsbadworker]nostradamus , I would think the fourth group has bought a long time ago. I personally met/knew a few in Temecula valley. Those feel they missed the get-rich-quick train are least informed about the fundamentals. Therefore, they are eager to jump in as soon as the real estate showed the first sign of price decline.[/quote]
I’m sure you’re right, and I saw a lot of that in Mira Mesa where I live but I’m pretty sure I’m still seeing it. Although I don’t like to rely on MSM for my sources, I thought this article (posted on sdlookup by creative_cpa) rang true about the “fourth demographic” I wrote of.

[nostradamus]

[quote=carlsbadworker]nostradamus , I would think the fourth group has bought a long time ago. I personally met/knew a few in Temecula valley. Those feel they missed the get-rich-quick train are least informed about the fundamentals. Therefore, they are eager to jump in as soon as the real estate showed the first sign of price decline.[/quote]
I’m sure you’re right, and I saw a lot of that in Mira Mesa where I live but I’m pretty sure I’m still seeing it. Although I don’t like to rely on MSM for my sources, I thought this article (posted on sdlookup by creative_cpa) rang true about the “fourth demographic” I wrote of.

[nostradamus]

[quote=carlsbadworker]nostradamus , I would think the fourth group has bought a long time ago. I personally met/knew a few in Temecula valley. Those feel they missed the get-rich-quick train are least informed about the fundamentals. Therefore, they are eager to jump in as soon as the real estate showed the first sign of price decline.[/quote]
I’m sure you’re right, and I saw a lot of that in Mira Mesa where I live but I’m pretty sure I’m still seeing it. Although I don’t like to rely on MSM for my sources, I thought this article (posted on sdlookup by creative_cpa) rang true about the “fourth demographic” I wrote of.

[nostradamus]

[quote=carlsbadworker]nostradamus , I would think the fourth group has bought a long time ago. I personally met/knew a few in Temecula valley. Those feel they missed the get-rich-quick train are least informed about the fundamentals. Therefore, they are eager to jump in as soon as the real estate showed the first sign of price decline.[/quote]
I’m sure you’re right, and I saw a lot of that in Mira Mesa where I live but I’m pretty sure I’m still seeing it. Although I don’t like to rely on MSM for my sources, I thought this article (posted on sdlookup by creative_cpa) rang true about the “fourth demographic” I wrote of.

[NotCranky]

Funny thing about the get-rich-quick-train…Where are they all?

What percentage of potential home owner bubble beneficiaries actually captured some of that bubble wealth? Not meaning to make fun of anyone but the numbers are pretty dismal, I think?

I just look around and see that more people took the path of destroying the opportunity than not.They may live in bigger fancy houses but many are upside down now. Then there are the multitudes simply riding the curve back down. About 2004, I was seeing people taking the money and fleeing California, Maybe those people make the majority of the bubble “success”s stories? The boom towns might be wherever they went. I do recall some inner city retirees selling their shacks here and moving to the Temecula area. Good idea.I always thought retirees would significantly help set the floor in Temecula.Not sure about the extent to which it actually is happening or will happen?

[NotCranky]

Funny thing about the get-rich-quick-train…Where are they all?

What percentage of potential home owner bubble beneficiaries actually captured some of that bubble wealth? Not meaning to make fun of anyone but the numbers are pretty dismal, I think?

I just look around and see that more people took the path of destroying the opportunity than not.They may live in bigger fancy houses but many are upside down now. Then there are the multitudes simply riding the curve back down. About 2004, I was seeing people taking the money and fleeing California, Maybe those people make the majority of the bubble “success”s stories? The boom towns might be wherever they went. I do recall some inner city retirees selling their shacks here and moving to the Temecula area. Good idea.I always thought retirees would significantly help set the floor in Temecula.Not sure about the extent to which it actually is happening or will happen?

[NotCranky]

Funny thing about the get-rich-quick-train…Where are they all?

What percentage of potential home owner bubble beneficiaries actually captured some of that bubble wealth? Not meaning to make fun of anyone but the numbers are pretty dismal, I think?

I just look around and see that more people took the path of destroying the opportunity than not.They may live in bigger fancy houses but many are upside down now. Then there are the multitudes simply riding the curve back down. About 2004, I was seeing people taking the money and fleeing California, Maybe those people make the majority of the bubble “success”s stories? The boom towns might be wherever they went. I do recall some inner city retirees selling their shacks here and moving to the Temecula area. Good idea.I always thought retirees would significantly help set the floor in Temecula.Not sure about the extent to which it actually is happening or will happen?

[NotCranky]

Funny thing about the get-rich-quick-train…Where are they all?

What percentage of potential home owner bubble beneficiaries actually captured some of that bubble wealth? Not meaning to make fun of anyone but the numbers are pretty dismal, I think?

I just look around and see that more people took the path of destroying the opportunity than not.They may live in bigger fancy houses but many are upside down now. Then there are the multitudes simply riding the curve back down. About 2004, I was seeing people taking the money and fleeing California, Maybe those people make the majority of the bubble “success”s stories? The boom towns might be wherever they went. I do recall some inner city retirees selling their shacks here and moving to the Temecula area. Good idea.I always thought retirees would significantly help set the floor in Temecula.Not sure about the extent to which it actually is happening or will happen?

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