Another pat on the back…………

[CA renter]

Perhaps we could do something at my home and you could bring your kids to play. I’ve got a killer trampoline out back!

Sounds like fun! Either there or here is good for us, and the kids would love it. We’ve been busy, too (taxes and sick), so that worked for us also. 🙂

I guess my thoughts go far beyond home prices. The entire economy is off balance. There are plenty of people with money out there. Far more than not I beleive. The psychology is such that they are not spending. This would stimulate every sector of the economy.

We agree on getting money into people’s pockets, but have different approaches. My belief is that we are in this mess because people have too much debt. It doesn’t matter what you do with interest rates, in many cases. We need to repudiate the debt, and the best way to do that is to walk away from it. Sounds bad, but the lenders made their own beds, and we should not threaten our currency in order to make idiots (both borrowers and lenders) whole.

It’s all about moral hazard. If we devalue our currency to save the lenders and borrowers, then we will have learned nothing, and will end up in a much worse situation in the near future. The reason we’re in this mess is because Greenspan kept trying to save all the risk cowboys. It pushed milder recessions down the road, and let them build up into this quagmire that will end up doing far more damage than if we had taken our lumps when we needed to.

The system needs to be flushed out, and people who loaned to deadbeats (and the deadbeats themselves) need to lose their a$$es in order for us the make the necessary corrections so we can get to a place where we can experience solid growth for the long-term.

[peterb]

I said this about 4 months ago as well. But what does HLS say? He’s the one here that really knows this stuff. How real is it?

[peterb]

I said this about 4 months ago as well. But what does HLS say? He’s the one here that really knows this stuff. How real is it?

[peterb]

I said this about 4 months ago as well. But what does HLS say? He’s the one here that really knows this stuff. How real is it?

[peterb]

I said this about 4 months ago as well. But what does HLS say? He’s the one here that really knows this stuff. How real is it?

[peterb]

I said this about 4 months ago as well. But what does HLS say? He’s the one here that really knows this stuff. How real is it?

[aldante]

Sorry to break up the group hug. SDrealtor are figging serious? You think that there “many more people with money then without”. You are way out there my man. There are less people with a whole lot more money. In case you have not heard our nation has lost 18% wealth. That is the greatest loss ever. This blog used to not be a place for realtors to get new business. But now I guess it is. I find your views completely biased and self serving

[aldante]

Sorry to break up the group hug. SDrealtor are figging serious? You think that there “many more people with money then without”. You are way out there my man. There are less people with a whole lot more money. In case you have not heard our nation has lost 18% wealth. That is the greatest loss ever. This blog used to not be a place for realtors to get new business. But now I guess it is. I find your views completely biased and self serving

[aldante]

Sorry to break up the group hug. SDrealtor are figging serious? You think that there “many more people with money then without”. You are way out there my man. There are less people with a whole lot more money. In case you have not heard our nation has lost 18% wealth. That is the greatest loss ever. This blog used to not be a place for realtors to get new business. But now I guess it is. I find your views completely biased and self serving

[aldante]

Sorry to break up the group hug. SDrealtor are figging serious? You think that there “many more people with money then without”. You are way out there my man. There are less people with a whole lot more money. In case you have not heard our nation has lost 18% wealth. That is the greatest loss ever. This blog used to not be a place for realtors to get new business. But now I guess it is. I find your views completely biased and self serving

[aldante]

Sorry to break up the group hug. SDrealtor are figging serious? You think that there “many more people with money then without”. You are way out there my man. There are less people with a whole lot more money. In case you have not heard our nation has lost 18% wealth. That is the greatest loss ever. This blog used to not be a place for realtors to get new business. But now I guess it is. I find your views completely biased and self serving

[sdcellar]

[quote=sdrealtor]There are plenty of people with money out there. Far more than not I beleive.[/quote]Countywide? Countrywide? I’m not so sure about that. Sure plenty of people with money, but they can’t do it alone.

[quote=sdrealtor]The psychology is such that they are not spending. This would stimulate every sector of the economy.[/quote]As with all things, there are different folks at different strata. Those who truly have money are still spending it (I think). Each step down is probably tighter and there are many who probabably can’t/won’t play in the re-fi party.

[quote=sdrealtor]Putting discretionary income income the hands of the financial disciplined masses would do alot to help fix our imbalance over time.[/quote]I’m not completely sure this is going to address the psychology issue. You said there are plenty of people with money (and likely at very low risk), what’s stopping them right now?

One answer might be job uncertainty. Well, if it’s that, an extra few-hundo a month ain’t gonna give anybody the warm fuzzies.

All my pushback aside, it’s pretty undeniable that lower interest rates will help. It’s the extent that’s in question and, of course, we can only go so far with it.

Consumption seems to have caught up with us and the world is paying the price right now, I’m just not sure where the tab ends. (sheesh, that sounds a lot more doom and gloom than I mean to be or even am–guess it’s just the relative unchartedness of all of this)

[sdcellar]

[quote=sdrealtor]There are plenty of people with money out there. Far more than not I beleive.[/quote]Countywide? Countrywide? I’m not so sure about that. Sure plenty of people with money, but they can’t do it alone.

[quote=sdrealtor]The psychology is such that they are not spending. This would stimulate every sector of the economy.[/quote]As with all things, there are different folks at different strata. Those who truly have money are still spending it (I think). Each step down is probably tighter and there are many who probabably can’t/won’t play in the re-fi party.

[quote=sdrealtor]Putting discretionary income income the hands of the financial disciplined masses would do alot to help fix our imbalance over time.[/quote]I’m not completely sure this is going to address the psychology issue. You said there are plenty of people with money (and likely at very low risk), what’s stopping them right now?

One answer might be job uncertainty. Well, if it’s that, an extra few-hundo a month ain’t gonna give anybody the warm fuzzies.

All my pushback aside, it’s pretty undeniable that lower interest rates will help. It’s the extent that’s in question and, of course, we can only go so far with it.

Consumption seems to have caught up with us and the world is paying the price right now, I’m just not sure where the tab ends. (sheesh, that sounds a lot more doom and gloom than I mean to be or even am–guess it’s just the relative unchartedness of all of this)

[sdcellar]

[quote=sdrealtor]There are plenty of people with money out there. Far more than not I beleive.[/quote]Countywide? Countrywide? I’m not so sure about that. Sure plenty of people with money, but they can’t do it alone.

[quote=sdrealtor]The psychology is such that they are not spending. This would stimulate every sector of the economy.[/quote]As with all things, there are different folks at different strata. Those who truly have money are still spending it (I think). Each step down is probably tighter and there are many who probabably can’t/won’t play in the re-fi party.

[quote=sdrealtor]Putting discretionary income income the hands of the financial disciplined masses would do alot to help fix our imbalance over time.[/quote]I’m not completely sure this is going to address the psychology issue. You said there are plenty of people with money (and likely at very low risk), what’s stopping them right now?

One answer might be job uncertainty. Well, if it’s that, an extra few-hundo a month ain’t gonna give anybody the warm fuzzies.

All my pushback aside, it’s pretty undeniable that lower interest rates will help. It’s the extent that’s in question and, of course, we can only go so far with it.

Consumption seems to have caught up with us and the world is paying the price right now, I’m just not sure where the tab ends. (sheesh, that sounds a lot more doom and gloom than I mean to be or even am–guess it’s just the relative unchartedness of all of this)

[sdcellar]

[quote=sdrealtor]There are plenty of people with money out there. Far more than not I beleive.[/quote]Countywide? Countrywide? I’m not so sure about that. Sure plenty of people with money, but they can’t do it alone.

[quote=sdrealtor]The psychology is such that they are not spending. This would stimulate every sector of the economy.[/quote]As with all things, there are different folks at different strata. Those who truly have money are still spending it (I think). Each step down is probably tighter and there are many who probabably can’t/won’t play in the re-fi party.

[quote=sdrealtor]Putting discretionary income income the hands of the financial disciplined masses would do alot to help fix our imbalance over time.[/quote]I’m not completely sure this is going to address the psychology issue. You said there are plenty of people with money (and likely at very low risk), what’s stopping them right now?

One answer might be job uncertainty. Well, if it’s that, an extra few-hundo a month ain’t gonna give anybody the warm fuzzies.

All my pushback aside, it’s pretty undeniable that lower interest rates will help. It’s the extent that’s in question and, of course, we can only go so far with it.

Consumption seems to have caught up with us and the world is paying the price right now, I’m just not sure where the tab ends. (sheesh, that sounds a lot more doom and gloom than I mean to be or even am–guess it’s just the relative unchartedness of all of this)

[Author]

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