Are the Flippers Laying In Wait?

[CA renter]

[quote=AN]Since when is RE finite? Have you’ve been to places like Fresno? The are flat developable land everywhere. Btw, owning RE is not a necessity. It’s a luxury. People can rent.[/quote]

Of course there is a lot of undeveloped land in the U.S. Hopefully, we won’t develop all/most of it, because it’s one of the things that enables us to be self-sustaining (agriculture). Still, until we are able to colonize distant planets, land is indeed finite.

Yes, people can rent, but I’d much rather see a society where everyone has equal access to ownership, without the distortions caused by all the speculators — be they flippers or land developers who control many thousands of acres in high-demand areas.

I do not favor the perpetuation of a system that enriches the landed gentry at the expense of everyone else.
————-

The ownership of land has historically conveyed not only social and economic power but also political power; the term “landlords” is instructive. Government has often, albeit to varying degrees and in varying ways, been controlled by the owners of real property. Such has been an institutional remnant of feudal and post-feudal societies in Europe and comparably in other continents. The distribution of property, largely in the form of land, with which the modern economy commenced, the lasting vestige of earlier social forms, has channeled the organization, operation and performance of capitalist and other modern economic systems.

http://findarticles.com/p/articles/mi_m0254/is_5_59/ai_70738909/

[SD Realtor]

CAR I understand the frustration but what difference does it make whether it is land that is owned, or money, or energy, or water…

So should the guy who is a slacker get that same “opportunity” to own a home as you do? If not where is the line drawn? Should it be government that sets the magic line?

If EVERYONE has equal access to ownership, should everyone have equal access to everything? I am not so sure I agree that the “flippers” have caused this entire mess. Maybe it was the government pushing institutions to lend to people who could not buy in the first place? Do you honestly blame this entire mess on flippers and speculators?

Furthermore do you honestly think that the government is acting in YOUR best interest or in the interest of any Joe Citizen?

Look, the government had the opportunity to make the tough choice a few years back. They did not HESITATE to make the wrong choice.

I would urge you to review the link that Rich has provided on the home page that is the Socialism, Facism, Capitalism, link on Naked Capitalism.

Again, I agree with your frustration but I think it is misplaced and you are not really addressing that there are other cities you can live in with cheaper housing. I know it all sucks but…I am just finding it hard to think that adding yet another portion of the free market for the govt to become owner of or provide further regulation is a great idea.

I don’t have an answer but I don’t think that is the correct one.

[SD Realtor]

CAR I understand the frustration but what difference does it make whether it is land that is owned, or money, or energy, or water…

So should the guy who is a slacker get that same “opportunity” to own a home as you do? If not where is the line drawn? Should it be government that sets the magic line?

If EVERYONE has equal access to ownership, should everyone have equal access to everything? I am not so sure I agree that the “flippers” have caused this entire mess. Maybe it was the government pushing institutions to lend to people who could not buy in the first place? Do you honestly blame this entire mess on flippers and speculators?

Furthermore do you honestly think that the government is acting in YOUR best interest or in the interest of any Joe Citizen?

Look, the government had the opportunity to make the tough choice a few years back. They did not HESITATE to make the wrong choice.

I would urge you to review the link that Rich has provided on the home page that is the Socialism, Facism, Capitalism, link on Naked Capitalism.

Again, I agree with your frustration but I think it is misplaced and you are not really addressing that there are other cities you can live in with cheaper housing. I know it all sucks but…I am just finding it hard to think that adding yet another portion of the free market for the govt to become owner of or provide further regulation is a great idea.

I don’t have an answer but I don’t think that is the correct one.

[SD Realtor]

CAR I understand the frustration but what difference does it make whether it is land that is owned, or money, or energy, or water…

So should the guy who is a slacker get that same “opportunity” to own a home as you do? If not where is the line drawn? Should it be government that sets the magic line?

If EVERYONE has equal access to ownership, should everyone have equal access to everything? I am not so sure I agree that the “flippers” have caused this entire mess. Maybe it was the government pushing institutions to lend to people who could not buy in the first place? Do you honestly blame this entire mess on flippers and speculators?

Furthermore do you honestly think that the government is acting in YOUR best interest or in the interest of any Joe Citizen?

Look, the government had the opportunity to make the tough choice a few years back. They did not HESITATE to make the wrong choice.

I would urge you to review the link that Rich has provided on the home page that is the Socialism, Facism, Capitalism, link on Naked Capitalism.

Again, I agree with your frustration but I think it is misplaced and you are not really addressing that there are other cities you can live in with cheaper housing. I know it all sucks but…I am just finding it hard to think that adding yet another portion of the free market for the govt to become owner of or provide further regulation is a great idea.

I don’t have an answer but I don’t think that is the correct one.

[SD Realtor]

CAR I understand the frustration but what difference does it make whether it is land that is owned, or money, or energy, or water…

So should the guy who is a slacker get that same “opportunity” to own a home as you do? If not where is the line drawn? Should it be government that sets the magic line?

If EVERYONE has equal access to ownership, should everyone have equal access to everything? I am not so sure I agree that the “flippers” have caused this entire mess. Maybe it was the government pushing institutions to lend to people who could not buy in the first place? Do you honestly blame this entire mess on flippers and speculators?

Furthermore do you honestly think that the government is acting in YOUR best interest or in the interest of any Joe Citizen?

Look, the government had the opportunity to make the tough choice a few years back. They did not HESITATE to make the wrong choice.

I would urge you to review the link that Rich has provided on the home page that is the Socialism, Facism, Capitalism, link on Naked Capitalism.

Again, I agree with your frustration but I think it is misplaced and you are not really addressing that there are other cities you can live in with cheaper housing. I know it all sucks but…I am just finding it hard to think that adding yet another portion of the free market for the govt to become owner of or provide further regulation is a great idea.

I don’t have an answer but I don’t think that is the correct one.

[SD Realtor]

CAR I understand the frustration but what difference does it make whether it is land that is owned, or money, or energy, or water…

So should the guy who is a slacker get that same “opportunity” to own a home as you do? If not where is the line drawn? Should it be government that sets the magic line?

If EVERYONE has equal access to ownership, should everyone have equal access to everything? I am not so sure I agree that the “flippers” have caused this entire mess. Maybe it was the government pushing institutions to lend to people who could not buy in the first place? Do you honestly blame this entire mess on flippers and speculators?

Furthermore do you honestly think that the government is acting in YOUR best interest or in the interest of any Joe Citizen?

Look, the government had the opportunity to make the tough choice a few years back. They did not HESITATE to make the wrong choice.

I would urge you to review the link that Rich has provided on the home page that is the Socialism, Facism, Capitalism, link on Naked Capitalism.

Again, I agree with your frustration but I think it is misplaced and you are not really addressing that there are other cities you can live in with cheaper housing. I know it all sucks but…I am just finding it hard to think that adding yet another portion of the free market for the govt to become owner of or provide further regulation is a great idea.

I don’t have an answer but I don’t think that is the correct one.

[an]

Where there’s a will, there’s a way. If one can’t afford the area one wants, guess what, there are other areas one can afford. One can also work harder/smart to accrue more money to buy the property they want. Yes, land is finite, but it’ll be awhile before we use them up. Then we can always build up. Anyone can be landed gentry, if they have the smart, the risk appetite, and the luck.

CAR, do you feel that everyone is entitled to have a house in La Jolla at Temecula’s price? If ownership is so important to those renters, they can always move to a cheaper area. There are plenty of other places that one can afford to buy on a minimum wage. I can’t help but feel like you think everyone is entitled to these luxury.

[an]

Where there’s a will, there’s a way. If one can’t afford the area one wants, guess what, there are other areas one can afford. One can also work harder/smart to accrue more money to buy the property they want. Yes, land is finite, but it’ll be awhile before we use them up. Then we can always build up. Anyone can be landed gentry, if they have the smart, the risk appetite, and the luck.

CAR, do you feel that everyone is entitled to have a house in La Jolla at Temecula’s price? If ownership is so important to those renters, they can always move to a cheaper area. There are plenty of other places that one can afford to buy on a minimum wage. I can’t help but feel like you think everyone is entitled to these luxury.

[an]

Where there’s a will, there’s a way. If one can’t afford the area one wants, guess what, there are other areas one can afford. One can also work harder/smart to accrue more money to buy the property they want. Yes, land is finite, but it’ll be awhile before we use them up. Then we can always build up. Anyone can be landed gentry, if they have the smart, the risk appetite, and the luck.

CAR, do you feel that everyone is entitled to have a house in La Jolla at Temecula’s price? If ownership is so important to those renters, they can always move to a cheaper area. There are plenty of other places that one can afford to buy on a minimum wage. I can’t help but feel like you think everyone is entitled to these luxury.

[an]

Where there’s a will, there’s a way. If one can’t afford the area one wants, guess what, there are other areas one can afford. One can also work harder/smart to accrue more money to buy the property they want. Yes, land is finite, but it’ll be awhile before we use them up. Then we can always build up. Anyone can be landed gentry, if they have the smart, the risk appetite, and the luck.

CAR, do you feel that everyone is entitled to have a house in La Jolla at Temecula’s price? If ownership is so important to those renters, they can always move to a cheaper area. There are plenty of other places that one can afford to buy on a minimum wage. I can’t help but feel like you think everyone is entitled to these luxury.

[an]

Where there’s a will, there’s a way. If one can’t afford the area one wants, guess what, there are other areas one can afford. One can also work harder/smart to accrue more money to buy the property they want. Yes, land is finite, but it’ll be awhile before we use them up. Then we can always build up. Anyone can be landed gentry, if they have the smart, the risk appetite, and the luck.

CAR, do you feel that everyone is entitled to have a house in La Jolla at Temecula’s price? If ownership is so important to those renters, they can always move to a cheaper area. There are plenty of other places that one can afford to buy on a minimum wage. I can’t help but feel like you think everyone is entitled to these luxury.

[CA renter]

“Equal access to ownership” does not mean slackers can buy La Jolla homes at Temecula prices. It would be ideal (IMHO) if a great majority of people could buy homes near jobs that can support them and their families in a middle-class lifestyle (not Hummers and big screen TVs)…wherever that may be.

SDR, you and I agree on the cause of the current problems (loose lending), but it takes the other side of the equation (speculation) to complete the destruction. If ALL buyers refrained from speculation and avoided taking on too much debt, it wouldn’t matter how much money lenders were willing to lend…without willing borrowers, there would have been no housing/credit bubble. Unfortunately, greed exists, and **both** borrowers AND lenders have to be regulated because the actions of borrowers and lenders have potentially grave repercussions for society at large.

I’m probably not making myself clear. This is not about being bitter or upset because of our personal situation. We can personally afford almost any area in San Diego, but are **choosing** not to buy because I believe we still would stand to lose a lot of money in the areas where we want to buy. I’m talking about a theoretical situation, not a personal one.

[CA renter]

“Equal access to ownership” does not mean slackers can buy La Jolla homes at Temecula prices. It would be ideal (IMHO) if a great majority of people could buy homes near jobs that can support them and their families in a middle-class lifestyle (not Hummers and big screen TVs)…wherever that may be.

SDR, you and I agree on the cause of the current problems (loose lending), but it takes the other side of the equation (speculation) to complete the destruction. If ALL buyers refrained from speculation and avoided taking on too much debt, it wouldn’t matter how much money lenders were willing to lend…without willing borrowers, there would have been no housing/credit bubble. Unfortunately, greed exists, and **both** borrowers AND lenders have to be regulated because the actions of borrowers and lenders have potentially grave repercussions for society at large.

I’m probably not making myself clear. This is not about being bitter or upset because of our personal situation. We can personally afford almost any area in San Diego, but are **choosing** not to buy because I believe we still would stand to lose a lot of money in the areas where we want to buy. I’m talking about a theoretical situation, not a personal one.

[CA renter]

“Equal access to ownership” does not mean slackers can buy La Jolla homes at Temecula prices. It would be ideal (IMHO) if a great majority of people could buy homes near jobs that can support them and their families in a middle-class lifestyle (not Hummers and big screen TVs)…wherever that may be.

SDR, you and I agree on the cause of the current problems (loose lending), but it takes the other side of the equation (speculation) to complete the destruction. If ALL buyers refrained from speculation and avoided taking on too much debt, it wouldn’t matter how much money lenders were willing to lend…without willing borrowers, there would have been no housing/credit bubble. Unfortunately, greed exists, and **both** borrowers AND lenders have to be regulated because the actions of borrowers and lenders have potentially grave repercussions for society at large.

I’m probably not making myself clear. This is not about being bitter or upset because of our personal situation. We can personally afford almost any area in San Diego, but are **choosing** not to buy because I believe we still would stand to lose a lot of money in the areas where we want to buy. I’m talking about a theoretical situation, not a personal one.

[CA renter]

“Equal access to ownership” does not mean slackers can buy La Jolla homes at Temecula prices. It would be ideal (IMHO) if a great majority of people could buy homes near jobs that can support them and their families in a middle-class lifestyle (not Hummers and big screen TVs)…wherever that may be.

SDR, you and I agree on the cause of the current problems (loose lending), but it takes the other side of the equation (speculation) to complete the destruction. If ALL buyers refrained from speculation and avoided taking on too much debt, it wouldn’t matter how much money lenders were willing to lend…without willing borrowers, there would have been no housing/credit bubble. Unfortunately, greed exists, and **both** borrowers AND lenders have to be regulated because the actions of borrowers and lenders have potentially grave repercussions for society at large.

I’m probably not making myself clear. This is not about being bitter or upset because of our personal situation. We can personally afford almost any area in San Diego, but are **choosing** not to buy because I believe we still would stand to lose a lot of money in the areas where we want to buy. I’m talking about a theoretical situation, not a personal one.

[Author]

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