How can I compete???

[jficquette]

[quote=Nor-LA-SD-guy][quote=jficquette]
Median income in San Diego is around $60k or so which equates to $200k loan.

[/quote]

I think some have already beat the Median income thing around enough, What that means (and this is just a guess) is you take 100 people 10 to 15 make around 100K a year, 7 make around 150K a year, 5 make over 200K a year and most the rest making minimum wage or a little better.

Had to edit my guess a little.

I think you also need to add into the calculation that 20 or more percent bought their homes in the mid 90’s or earlier (or inherited them) and they aren’t going anywhere.

[/quote]

The median income thing has been affected by people getting money from parents for down payments from their paid for houses or from rolling their profits from the last home into the next one.

Now the entry level is out of reach so no more roll up of profits into the next house . I guess gifts from parents are still a factor. More so here then other areas since people with 70 year old parents probably bought their house in the low 70’s.

Sooner or later things have to even out with affordability.

Biggest problem is the state government and lost of job creation.

Statistically, $120k is probably two standard Deviations or about 5% so out of those 100 only 5 make more then $120k

John

[Coronita]

[quote=CA renter]Agree 100% with shining a light on these transactions and alerting the FBI, lenders, and even your congressional representatives.

This fraud needs to stop, and if law enforcement has its hands tied (by the PTB??? — why aren’t we seeing more indictments???), then we law-abiding citizens have to do the dirty work.

It’s sick, and when other people say we should “suck it up — that’s just the way it goes”; one can’t help but wonder what kind of fraud was committed by the poster. This is beyond infuriating to anyone who plays by the rules.[/quote]

It might have been perfectly legal from all we could tell. Ethical, no…Legal, maybe… That’s the problem.

This will definitely be trying times for a lot of people over the next couple of years. I mean, it definitely seems like more and more people are going to have to confront ethics versus joining the boat, imho.

[Coronita]

[quote=CA renter]Agree 100% with shining a light on these transactions and alerting the FBI, lenders, and even your congressional representatives.

This fraud needs to stop, and if law enforcement has its hands tied (by the PTB??? — why aren’t we seeing more indictments???), then we law-abiding citizens have to do the dirty work.

It’s sick, and when other people say we should “suck it up — that’s just the way it goes”; one can’t help but wonder what kind of fraud was committed by the poster. This is beyond infuriating to anyone who plays by the rules.[/quote]

It might have been perfectly legal from all we could tell. Ethical, no…Legal, maybe… That’s the problem.

This will definitely be trying times for a lot of people over the next couple of years. I mean, it definitely seems like more and more people are going to have to confront ethics versus joining the boat, imho.

[Coronita]

[quote=CA renter]Agree 100% with shining a light on these transactions and alerting the FBI, lenders, and even your congressional representatives.

This fraud needs to stop, and if law enforcement has its hands tied (by the PTB??? — why aren’t we seeing more indictments???), then we law-abiding citizens have to do the dirty work.

It’s sick, and when other people say we should “suck it up — that’s just the way it goes”; one can’t help but wonder what kind of fraud was committed by the poster. This is beyond infuriating to anyone who plays by the rules.[/quote]

It might have been perfectly legal from all we could tell. Ethical, no…Legal, maybe… That’s the problem.

This will definitely be trying times for a lot of people over the next couple of years. I mean, it definitely seems like more and more people are going to have to confront ethics versus joining the boat, imho.

[Coronita]

[quote=CA renter]Agree 100% with shining a light on these transactions and alerting the FBI, lenders, and even your congressional representatives.

This fraud needs to stop, and if law enforcement has its hands tied (by the PTB??? — why aren’t we seeing more indictments???), then we law-abiding citizens have to do the dirty work.

It’s sick, and when other people say we should “suck it up — that’s just the way it goes”; one can’t help but wonder what kind of fraud was committed by the poster. This is beyond infuriating to anyone who plays by the rules.[/quote]

It might have been perfectly legal from all we could tell. Ethical, no…Legal, maybe… That’s the problem.

This will definitely be trying times for a lot of people over the next couple of years. I mean, it definitely seems like more and more people are going to have to confront ethics versus joining the boat, imho.

[Coronita]

[quote=CA renter]Agree 100% with shining a light on these transactions and alerting the FBI, lenders, and even your congressional representatives.

This fraud needs to stop, and if law enforcement has its hands tied (by the PTB??? — why aren’t we seeing more indictments???), then we law-abiding citizens have to do the dirty work.

It’s sick, and when other people say we should “suck it up — that’s just the way it goes”; one can’t help but wonder what kind of fraud was committed by the poster. This is beyond infuriating to anyone who plays by the rules.[/quote]

It might have been perfectly legal from all we could tell. Ethical, no…Legal, maybe… That’s the problem.

This will definitely be trying times for a lot of people over the next couple of years. I mean, it definitely seems like more and more people are going to have to confront ethics versus joining the boat, imho.

[eyePod]

Neeta-T,
Please do your own succint analysis and advise us.
Diego,
Are your presumptions rock solid?

[eyePod]

Neeta-T,
Please do your own succint analysis and advise us.
Diego,
Are your presumptions rock solid?

[eyePod]

Neeta-T,
Please do your own succint analysis and advise us.
Diego,
Are your presumptions rock solid?

[eyePod]

Neeta-T,
Please do your own succint analysis and advise us.
Diego,
Are your presumptions rock solid?

[eyePod]

Neeta-T,
Please do your own succint analysis and advise us.
Diego,
Are your presumptions rock solid?

[patientrenter]

[quote=jpinpb]…. I don’t know how long they can kick the can before their leg gets tired, but they’ll do it until it gets dislocated.
[/quote]

LoL!

And Diego Mamani, Alan Blinder is not naive. He knows that the policies he’s pushing would lead to high inflation – that’s why he’s pushing them. Inflation is the giant “get out of jail free” card for those who were irresponsible. But he also knows it’ll just raise too much political opposition to actually say that inflation is the purpose. Better to deny it’s a likely outcome, and then when it happens just say that it was an unforeseen result of a necessary action.

[patientrenter]

[quote=jpinpb]…. I don’t know how long they can kick the can before their leg gets tired, but they’ll do it until it gets dislocated.
[/quote]

LoL!

And Diego Mamani, Alan Blinder is not naive. He knows that the policies he’s pushing would lead to high inflation – that’s why he’s pushing them. Inflation is the giant “get out of jail free” card for those who were irresponsible. But he also knows it’ll just raise too much political opposition to actually say that inflation is the purpose. Better to deny it’s a likely outcome, and then when it happens just say that it was an unforeseen result of a necessary action.

[patientrenter]

[quote=jpinpb]…. I don’t know how long they can kick the can before their leg gets tired, but they’ll do it until it gets dislocated.
[/quote]

LoL!

And Diego Mamani, Alan Blinder is not naive. He knows that the policies he’s pushing would lead to high inflation – that’s why he’s pushing them. Inflation is the giant “get out of jail free” card for those who were irresponsible. But he also knows it’ll just raise too much political opposition to actually say that inflation is the purpose. Better to deny it’s a likely outcome, and then when it happens just say that it was an unforeseen result of a necessary action.

[patientrenter]

[quote=jpinpb]…. I don’t know how long they can kick the can before their leg gets tired, but they’ll do it until it gets dislocated.
[/quote]

LoL!

And Diego Mamani, Alan Blinder is not naive. He knows that the policies he’s pushing would lead to high inflation – that’s why he’s pushing them. Inflation is the giant “get out of jail free” card for those who were irresponsible. But he also knows it’ll just raise too much political opposition to actually say that inflation is the purpose. Better to deny it’s a likely outcome, and then when it happens just say that it was an unforeseen result of a necessary action.

[Author]

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