- This topic has 215 replies, 22 voices, and was last updated 15 years, 10 months ago by
davelj.
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January 12, 2009 at 12:38 PM #327950January 12, 2009 at 12:41 PM #327443
sdduuuude
Participantesmith – Mish is not “hoping” for deflation and depression, merely predicting it given the Fed-induced train wreck that is our economy.
This one scares me more than the one you posted:
http://globaleconomicanalysis.blogspot.com/2009/01/how-something-for-nothing-ideas-become.htmlWhen you can point out more things that you or Krugman called correctly in the last year than Mish did, I’ll listen you you instead of him.
January 12, 2009 at 12:41 PM #327778Participantesmith – Mish is not “hoping” for deflation and depression, merely predicting it given the Fed-induced train wreck that is our economy.
This one scares me more than the one you posted:
http://globaleconomicanalysis.blogspot.com/2009/01/how-something-for-nothing-ideas-become.htmlWhen you can point out more things that you or Krugman called correctly in the last year than Mish did, I’ll listen you you instead of him.
January 12, 2009 at 12:41 PM #327851Participantesmith – Mish is not “hoping” for deflation and depression, merely predicting it given the Fed-induced train wreck that is our economy.
This one scares me more than the one you posted:
http://globaleconomicanalysis.blogspot.com/2009/01/how-something-for-nothing-ideas-become.htmlWhen you can point out more things that you or Krugman called correctly in the last year than Mish did, I’ll listen you you instead of him.
January 12, 2009 at 12:41 PM #327872Participantesmith – Mish is not “hoping” for deflation and depression, merely predicting it given the Fed-induced train wreck that is our economy.
This one scares me more than the one you posted:
http://globaleconomicanalysis.blogspot.com/2009/01/how-something-for-nothing-ideas-become.htmlWhen you can point out more things that you or Krugman called correctly in the last year than Mish did, I’ll listen you you instead of him.
January 12, 2009 at 12:41 PM #327955Participantesmith – Mish is not “hoping” for deflation and depression, merely predicting it given the Fed-induced train wreck that is our economy.
This one scares me more than the one you posted:
http://globaleconomicanalysis.blogspot.com/2009/01/how-something-for-nothing-ideas-become.htmlWhen you can point out more things that you or Krugman called correctly in the last year than Mish did, I’ll listen you you instead of him.
January 12, 2009 at 4:33 PM #3275824plexowner
Participant“even though every such attempt in history has failed” [from Mish link above]
but this time is different!
January 12, 2009 at 4:33 PM #327918Participant“even though every such attempt in history has failed” [from Mish link above]
but this time is different!
January 12, 2009 at 4:33 PM #327991Participant“even though every such attempt in history has failed” [from Mish link above]
but this time is different!
January 12, 2009 at 4:33 PM #328012Participant“even though every such attempt in history has failed” [from Mish link above]
but this time is different!
January 12, 2009 at 4:33 PM #328095Participant“even though every such attempt in history has failed” [from Mish link above]
but this time is different!
January 12, 2009 at 5:07 PM #327628AK
Participant[quote=leucadiarenter]
AK – Curious what areas/homes you are talking about, you have any examples? Thanks…[/quote]The low end in Oceanside, Vista, and Escondido has been massacred to the point that the buy/rent equation balances out. Many Piggs aren’t looking in these areas, but plenty of other buyers are … sales stats are way up and I’m hearing reliable first-hand reports of bidding wars and shoulder-to-shoulder crowds at open houses.
Chula Vista has taken a big plunge too, but I guess buyers are taking a long, hard look at the tax rates, M-R, and association fees in the newer developments.
I think the chart posted at bubbleinfo.com says it all:
http://www.bubbleinfo.com/2009/01/thanks-dwip/
My guess is that the buy/rent equation will prop up the low end unless rents start dropping, or unemployment reaches stomach-churning levels.
January 12, 2009 at 5:07 PM #327964Participant[quote=leucadiarenter]
AK – Curious what areas/homes you are talking about, you have any examples? Thanks…[/quote]The low end in Oceanside, Vista, and Escondido has been massacred to the point that the buy/rent equation balances out. Many Piggs aren’t looking in these areas, but plenty of other buyers are … sales stats are way up and I’m hearing reliable first-hand reports of bidding wars and shoulder-to-shoulder crowds at open houses.
Chula Vista has taken a big plunge too, but I guess buyers are taking a long, hard look at the tax rates, M-R, and association fees in the newer developments.
I think the chart posted at bubbleinfo.com says it all:
http://www.bubbleinfo.com/2009/01/thanks-dwip/
My guess is that the buy/rent equation will prop up the low end unless rents start dropping, or unemployment reaches stomach-churning levels.
January 12, 2009 at 5:07 PM #328036Participant[quote=leucadiarenter]
AK – Curious what areas/homes you are talking about, you have any examples? Thanks…[/quote]The low end in Oceanside, Vista, and Escondido has been massacred to the point that the buy/rent equation balances out. Many Piggs aren’t looking in these areas, but plenty of other buyers are … sales stats are way up and I’m hearing reliable first-hand reports of bidding wars and shoulder-to-shoulder crowds at open houses.
Chula Vista has taken a big plunge too, but I guess buyers are taking a long, hard look at the tax rates, M-R, and association fees in the newer developments.
I think the chart posted at bubbleinfo.com says it all:
http://www.bubbleinfo.com/2009/01/thanks-dwip/
My guess is that the buy/rent equation will prop up the low end unless rents start dropping, or unemployment reaches stomach-churning levels.
January 12, 2009 at 5:07 PM #328059Participant[quote=leucadiarenter]
AK – Curious what areas/homes you are talking about, you have any examples? Thanks…[/quote]The low end in Oceanside, Vista, and Escondido has been massacred to the point that the buy/rent equation balances out. Many Piggs aren’t looking in these areas, but plenty of other buyers are … sales stats are way up and I’m hearing reliable first-hand reports of bidding wars and shoulder-to-shoulder crowds at open houses.
Chula Vista has taken a big plunge too, but I guess buyers are taking a long, hard look at the tax rates, M-R, and association fees in the newer developments.
I think the chart posted at bubbleinfo.com says it all:
http://www.bubbleinfo.com/2009/01/thanks-dwip/
My guess is that the buy/rent equation will prop up the low end unless rents start dropping, or unemployment reaches stomach-churning levels.
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