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January 29, 2009 at 12:41 PM #338784January 29, 2009 at 6:30 PM #338432Nor-LA-SD-guyParticipant
[quote=jficquette][quote=Nor-LA-SD-guy]My grand father had a 10 acre farm in the San Fernando Valley in the 1930’s right where Warner Center is now (50 story office buildings incase you are not familiar with that local),
The San Fernando valley looked a lot like Palmdale Lancaster area in the 1930’s
In 1980 irvine was mostly farm land
In 1970 Valencia CA Population was about 15 thousand.
The theme here is very fast growth over a very long time period in SoCal .
So If you get your chance to buy a home during this downturn (how ever long it lasts)
Maybe you should (If you can afford it).
Just my two cents
[/quote]That was before the Democrats ran the state into the ground.
Not sure everyone understands what a $40bill and growing state deficit means regarding future Tax increases etc.
John
[/quote]
I would agree Ca will probably declare bankruptcy at some point (I think they are just waiting until at least the rest of the U.S.A. has managed to recover somewhat).
Then we can do a reset with the unions, until then there is no hope, unions here have just committed slow suicide like the auto workers unions.
January 29, 2009 at 6:30 PM #338761Nor-LA-SD-guyParticipant[quote=jficquette][quote=Nor-LA-SD-guy]My grand father had a 10 acre farm in the San Fernando Valley in the 1930’s right where Warner Center is now (50 story office buildings incase you are not familiar with that local),
The San Fernando valley looked a lot like Palmdale Lancaster area in the 1930’s
In 1980 irvine was mostly farm land
In 1970 Valencia CA Population was about 15 thousand.
The theme here is very fast growth over a very long time period in SoCal .
So If you get your chance to buy a home during this downturn (how ever long it lasts)
Maybe you should (If you can afford it).
Just my two cents
[/quote]That was before the Democrats ran the state into the ground.
Not sure everyone understands what a $40bill and growing state deficit means regarding future Tax increases etc.
John
[/quote]
I would agree Ca will probably declare bankruptcy at some point (I think they are just waiting until at least the rest of the U.S.A. has managed to recover somewhat).
Then we can do a reset with the unions, until then there is no hope, unions here have just committed slow suicide like the auto workers unions.
January 29, 2009 at 6:30 PM #338855Nor-LA-SD-guyParticipant[quote=jficquette][quote=Nor-LA-SD-guy]My grand father had a 10 acre farm in the San Fernando Valley in the 1930’s right where Warner Center is now (50 story office buildings incase you are not familiar with that local),
The San Fernando valley looked a lot like Palmdale Lancaster area in the 1930’s
In 1980 irvine was mostly farm land
In 1970 Valencia CA Population was about 15 thousand.
The theme here is very fast growth over a very long time period in SoCal .
So If you get your chance to buy a home during this downturn (how ever long it lasts)
Maybe you should (If you can afford it).
Just my two cents
[/quote]That was before the Democrats ran the state into the ground.
Not sure everyone understands what a $40bill and growing state deficit means regarding future Tax increases etc.
John
[/quote]
I would agree Ca will probably declare bankruptcy at some point (I think they are just waiting until at least the rest of the U.S.A. has managed to recover somewhat).
Then we can do a reset with the unions, until then there is no hope, unions here have just committed slow suicide like the auto workers unions.
January 29, 2009 at 6:30 PM #338883Nor-LA-SD-guyParticipant[quote=jficquette][quote=Nor-LA-SD-guy]My grand father had a 10 acre farm in the San Fernando Valley in the 1930’s right where Warner Center is now (50 story office buildings incase you are not familiar with that local),
The San Fernando valley looked a lot like Palmdale Lancaster area in the 1930’s
In 1980 irvine was mostly farm land
In 1970 Valencia CA Population was about 15 thousand.
The theme here is very fast growth over a very long time period in SoCal .
So If you get your chance to buy a home during this downturn (how ever long it lasts)
Maybe you should (If you can afford it).
Just my two cents
[/quote]That was before the Democrats ran the state into the ground.
Not sure everyone understands what a $40bill and growing state deficit means regarding future Tax increases etc.
John
[/quote]
I would agree Ca will probably declare bankruptcy at some point (I think they are just waiting until at least the rest of the U.S.A. has managed to recover somewhat).
Then we can do a reset with the unions, until then there is no hope, unions here have just committed slow suicide like the auto workers unions.
January 29, 2009 at 6:30 PM #338976Nor-LA-SD-guyParticipant[quote=jficquette][quote=Nor-LA-SD-guy]My grand father had a 10 acre farm in the San Fernando Valley in the 1930’s right where Warner Center is now (50 story office buildings incase you are not familiar with that local),
The San Fernando valley looked a lot like Palmdale Lancaster area in the 1930’s
In 1980 irvine was mostly farm land
In 1970 Valencia CA Population was about 15 thousand.
The theme here is very fast growth over a very long time period in SoCal .
So If you get your chance to buy a home during this downturn (how ever long it lasts)
Maybe you should (If you can afford it).
Just my two cents
[/quote]That was before the Democrats ran the state into the ground.
Not sure everyone understands what a $40bill and growing state deficit means regarding future Tax increases etc.
John
[/quote]
I would agree Ca will probably declare bankruptcy at some point (I think they are just waiting until at least the rest of the U.S.A. has managed to recover somewhat).
Then we can do a reset with the unions, until then there is no hope, unions here have just committed slow suicide like the auto workers unions.
January 30, 2009 at 6:38 AM #338599EconProfParticipantThe last few comments strike notes that bear some discussion. I agree that, on the surface, public employee unions in CA, and the increasing dominance of a left-leaning Democrat party have brought us to the brink of financial ruin. But C’mon, unions just do what unions do–increase their pay, benefits, and power…what I would do if I were (still) in a union. And left-leaning politicians have always been around, nothing new there. What goes unremarked is why these two forces gained such ground in recent decades. Why did officeholders cave in so disastously to union demands? Why did the media shift to be a mouthpiece for the left? How did politicians give up on conservative values?
We can all offer answers to these trends. Instead, I’d like to take these trends as a given, and reflect on their impact on real estate in CA. In a word, we are pretty much doomed in terms of average real estate values, since they depend on underlying economic health and demographic trends.
The glory days of RE appreciation in CA were all in years when government here was small and efficient, when middle class, educated people moved into, not out of CA, and when businesses were not saddled by governmental, environmental, and lawyer-inspired burdens as they are now. I’m referring to decades ago, not so much the 2000 – 2005 credit-inspired blowoff. Few would believe it, but average CA house prices about matched the national average in 1975. We were a solidly conservative state with a clean government, good infrastructure, and an entrepreneurial spirit.
Since then, we have emulated the high tax, big government policies of states like New York, Michigan, Massachusetts & others that have seen their people and businesses flee to other states or other shores. Accordingly, I’d seek states and cities for RE investment or house purchase that have the welcome mat out for business, that have more reasonable taxes and cleaner politics, and have an influx of productive citizens. Long-run demographic trends always dominate RE values, and we should place them first in our criteria for where we place our money.January 30, 2009 at 6:38 AM #338927EconProfParticipantThe last few comments strike notes that bear some discussion. I agree that, on the surface, public employee unions in CA, and the increasing dominance of a left-leaning Democrat party have brought us to the brink of financial ruin. But C’mon, unions just do what unions do–increase their pay, benefits, and power…what I would do if I were (still) in a union. And left-leaning politicians have always been around, nothing new there. What goes unremarked is why these two forces gained such ground in recent decades. Why did officeholders cave in so disastously to union demands? Why did the media shift to be a mouthpiece for the left? How did politicians give up on conservative values?
We can all offer answers to these trends. Instead, I’d like to take these trends as a given, and reflect on their impact on real estate in CA. In a word, we are pretty much doomed in terms of average real estate values, since they depend on underlying economic health and demographic trends.
The glory days of RE appreciation in CA were all in years when government here was small and efficient, when middle class, educated people moved into, not out of CA, and when businesses were not saddled by governmental, environmental, and lawyer-inspired burdens as they are now. I’m referring to decades ago, not so much the 2000 – 2005 credit-inspired blowoff. Few would believe it, but average CA house prices about matched the national average in 1975. We were a solidly conservative state with a clean government, good infrastructure, and an entrepreneurial spirit.
Since then, we have emulated the high tax, big government policies of states like New York, Michigan, Massachusetts & others that have seen their people and businesses flee to other states or other shores. Accordingly, I’d seek states and cities for RE investment or house purchase that have the welcome mat out for business, that have more reasonable taxes and cleaner politics, and have an influx of productive citizens. Long-run demographic trends always dominate RE values, and we should place them first in our criteria for where we place our money.January 30, 2009 at 6:38 AM #339023EconProfParticipantThe last few comments strike notes that bear some discussion. I agree that, on the surface, public employee unions in CA, and the increasing dominance of a left-leaning Democrat party have brought us to the brink of financial ruin. But C’mon, unions just do what unions do–increase their pay, benefits, and power…what I would do if I were (still) in a union. And left-leaning politicians have always been around, nothing new there. What goes unremarked is why these two forces gained such ground in recent decades. Why did officeholders cave in so disastously to union demands? Why did the media shift to be a mouthpiece for the left? How did politicians give up on conservative values?
We can all offer answers to these trends. Instead, I’d like to take these trends as a given, and reflect on their impact on real estate in CA. In a word, we are pretty much doomed in terms of average real estate values, since they depend on underlying economic health and demographic trends.
The glory days of RE appreciation in CA were all in years when government here was small and efficient, when middle class, educated people moved into, not out of CA, and when businesses were not saddled by governmental, environmental, and lawyer-inspired burdens as they are now. I’m referring to decades ago, not so much the 2000 – 2005 credit-inspired blowoff. Few would believe it, but average CA house prices about matched the national average in 1975. We were a solidly conservative state with a clean government, good infrastructure, and an entrepreneurial spirit.
Since then, we have emulated the high tax, big government policies of states like New York, Michigan, Massachusetts & others that have seen their people and businesses flee to other states or other shores. Accordingly, I’d seek states and cities for RE investment or house purchase that have the welcome mat out for business, that have more reasonable taxes and cleaner politics, and have an influx of productive citizens. Long-run demographic trends always dominate RE values, and we should place them first in our criteria for where we place our money.January 30, 2009 at 6:38 AM #339050EconProfParticipantThe last few comments strike notes that bear some discussion. I agree that, on the surface, public employee unions in CA, and the increasing dominance of a left-leaning Democrat party have brought us to the brink of financial ruin. But C’mon, unions just do what unions do–increase their pay, benefits, and power…what I would do if I were (still) in a union. And left-leaning politicians have always been around, nothing new there. What goes unremarked is why these two forces gained such ground in recent decades. Why did officeholders cave in so disastously to union demands? Why did the media shift to be a mouthpiece for the left? How did politicians give up on conservative values?
We can all offer answers to these trends. Instead, I’d like to take these trends as a given, and reflect on their impact on real estate in CA. In a word, we are pretty much doomed in terms of average real estate values, since they depend on underlying economic health and demographic trends.
The glory days of RE appreciation in CA were all in years when government here was small and efficient, when middle class, educated people moved into, not out of CA, and when businesses were not saddled by governmental, environmental, and lawyer-inspired burdens as they are now. I’m referring to decades ago, not so much the 2000 – 2005 credit-inspired blowoff. Few would believe it, but average CA house prices about matched the national average in 1975. We were a solidly conservative state with a clean government, good infrastructure, and an entrepreneurial spirit.
Since then, we have emulated the high tax, big government policies of states like New York, Michigan, Massachusetts & others that have seen their people and businesses flee to other states or other shores. Accordingly, I’d seek states and cities for RE investment or house purchase that have the welcome mat out for business, that have more reasonable taxes and cleaner politics, and have an influx of productive citizens. Long-run demographic trends always dominate RE values, and we should place them first in our criteria for where we place our money.January 30, 2009 at 6:38 AM #339145EconProfParticipantThe last few comments strike notes that bear some discussion. I agree that, on the surface, public employee unions in CA, and the increasing dominance of a left-leaning Democrat party have brought us to the brink of financial ruin. But C’mon, unions just do what unions do–increase their pay, benefits, and power…what I would do if I were (still) in a union. And left-leaning politicians have always been around, nothing new there. What goes unremarked is why these two forces gained such ground in recent decades. Why did officeholders cave in so disastously to union demands? Why did the media shift to be a mouthpiece for the left? How did politicians give up on conservative values?
We can all offer answers to these trends. Instead, I’d like to take these trends as a given, and reflect on their impact on real estate in CA. In a word, we are pretty much doomed in terms of average real estate values, since they depend on underlying economic health and demographic trends.
The glory days of RE appreciation in CA were all in years when government here was small and efficient, when middle class, educated people moved into, not out of CA, and when businesses were not saddled by governmental, environmental, and lawyer-inspired burdens as they are now. I’m referring to decades ago, not so much the 2000 – 2005 credit-inspired blowoff. Few would believe it, but average CA house prices about matched the national average in 1975. We were a solidly conservative state with a clean government, good infrastructure, and an entrepreneurial spirit.
Since then, we have emulated the high tax, big government policies of states like New York, Michigan, Massachusetts & others that have seen their people and businesses flee to other states or other shores. Accordingly, I’d seek states and cities for RE investment or house purchase that have the welcome mat out for business, that have more reasonable taxes and cleaner politics, and have an influx of productive citizens. Long-run demographic trends always dominate RE values, and we should place them first in our criteria for where we place our money.January 30, 2009 at 8:28 AM #338648JASParticipantOther than reducing/eliminating personal debt, what are you doing to hedge against inflation?
Or is it too soon because the deflationary spiral is still in early innings?
Is gold a viable option?
January 30, 2009 at 8:28 AM #338977JASParticipantOther than reducing/eliminating personal debt, what are you doing to hedge against inflation?
Or is it too soon because the deflationary spiral is still in early innings?
Is gold a viable option?
January 30, 2009 at 8:28 AM #339072JASParticipantOther than reducing/eliminating personal debt, what are you doing to hedge against inflation?
Or is it too soon because the deflationary spiral is still in early innings?
Is gold a viable option?
January 30, 2009 at 8:28 AM #339100JASParticipantOther than reducing/eliminating personal debt, what are you doing to hedge against inflation?
Or is it too soon because the deflationary spiral is still in early innings?
Is gold a viable option?
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