Carmel Valley Monitor

[North County Jim]

If you’ve been around here a while you would know I have been the most villified [sic] person on this board.

Would you care to reconsider this one?

I don’t think you can hold a candle to ps.:->

[sdrealtor]

Alright NC Jim. You got me there. But can I still be the villian. I never get to be the bad guy in real life and this is fun for me.

[sdrealtor]

Alright NC Jim. You got me there. But can I still be the villian. I never get to be the bad guy in real life and this is fun for me.

[drunkle]

it would be nice if people would stop referring to currency devaluation as “inflation”…

http://en.wikipedia.org/wiki/1994_economic_crisis_in_Mexico

home prices are going down due to contraction of demand/credit. currency devaluation is increasing the absolute cost of homes. but since absolute wages are not being increased by devaluation, homes prices cannot be artificially increased by the same devaluation. they have to be within reach of those who are buying, regardless of devaluation.

ie., accounting for deval, a home is “worth” 500k. but since no one is buying at that price and you have to get rid of it, the home is worth only that which someone is willing to pay. deval or not. calculations that “homes will decrease 20% in 3 years with an additional loss due to inflation will equal 50%” is meaningless. because that assumes that the difference will be taken up by wage increases. which it wont necessarily. the trend is currently for wages to be decreasing due to devaluation, stagnation, outsourcing, automation, etc.

[drunkle]

it would be nice if people would stop referring to currency devaluation as “inflation”…

http://en.wikipedia.org/wiki/1994_economic_crisis_in_Mexico

home prices are going down due to contraction of demand/credit. currency devaluation is increasing the absolute cost of homes. but since absolute wages are not being increased by devaluation, homes prices cannot be artificially increased by the same devaluation. they have to be within reach of those who are buying, regardless of devaluation.

ie., accounting for deval, a home is “worth” 500k. but since no one is buying at that price and you have to get rid of it, the home is worth only that which someone is willing to pay. deval or not. calculations that “homes will decrease 20% in 3 years with an additional loss due to inflation will equal 50%” is meaningless. because that assumes that the difference will be taken up by wage increases. which it wont necessarily. the trend is currently for wages to be decreasing due to devaluation, stagnation, outsourcing, automation, etc.

[NotCranky]

sdr
Yes both parties took my points out of context seems like we do that a lot of that here. I wll rephrase it…I would not buy or suggest buying a house with a few frightening points like potential inflation and a few positive things like the fact that interest rates are good. I would rather have a possiblity at a solid equity position going into the forseeable future. I guess some people don’t care.Wow! what an understatement that last sentence was eh?
Best wishes

[NotCranky]

sdr
Yes both parties took my points out of context seems like we do that a lot of that here. I wll rephrase it…I would not buy or suggest buying a house with a few frightening points like potential inflation and a few positive things like the fact that interest rates are good. I would rather have a possiblity at a solid equity position going into the forseeable future. I guess some people don’t care.Wow! what an understatement that last sentence was eh?
Best wishes

[NotCranky]

This post has been altered by the author.

[NotCranky]

This post has been altered by the author.

[NotCranky]

For some reason I have the feeling of having been initiated? Why I ask myself would anyone initiate me to the piggington blog? Why just this one person? I think I understand…
You are working the room. You worked me and you worked SD Realtor who is in his own manner working the room and he admits it.Wether you have gotten business out of it or not and you claim the latter you are working the room. Why don’t you just change your psuedonym to HIGHENDSFRRealtor and be done with it. That way everybody will understand from the start and won’t be surprised when you sneak up to put them in the pecking order as a potential buyer, seller or colleague.

[NotCranky]

For some reason I have the feeling of having been initiated? Why I ask myself would anyone initiate me to the piggington blog? Why just this one person? I think I understand…
You are working the room. You worked me and you worked SD Realtor who is in his own manner working the room and he admits it.Wether you have gotten business out of it or not and you claim the latter you are working the room. Why don’t you just change your psuedonym to HIGHENDSFRRealtor and be done with it. That way everybody will understand from the start and won’t be surprised when you sneak up to put them in the pecking order as a potential buyer, seller or colleague.

[sdrealtor]

My names already been appropriated once perhaps its time for another. Maybe it is you that should be LOWENDSFRRealtor?

[sdrealtor]

My names already been appropriated once perhaps its time for another. Maybe it is you that should be LOWENDSFRRealtor?

[NotCranky]

Thanks for the confirmation…I think I will stick with “honest and embarassed to be associated with the club.” Maybe yours should just be “LOWLIFE” or “The Donald” .You can have all the greater fools remember I don’t want any of them. I think you will be lucky to sell a box of cracker jacks because clearly more people see right through you than you know.

[NotCranky]

Thanks for the confirmation…I think I will stick with “honest and embarassed to be associated with the club.” Maybe yours should just be “LOWLIFE” or “The Donald” .You can have all the greater fools remember I don’t want any of them. I think you will be lucky to sell a box of cracker jacks because clearly more people see right through you than you know.

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