Are Piggington’s best days behind it?

[Nor-LA-SD-guy]

Diminishing returns !!

Well like the Low to mid end RE, Waiting for more price declines is having more and more Diminishing returns.

This site suffers a little of the above as well.

When we finally start to see RE price appreciation again (yes it will happen some day) then maybe this site will have more value but maybe in a different direction.

[socrattt]

You must live in a bubble if you don’t enjoy talking about moon bombings and Obama’s birth certificate. Piggs are now friends discussing real world situations. This is almost like a San Diego social networking site for real estate wannabes like myself!!

Unfortunately the real estate market has become similar to the stock market. You could throw a dart and be just as successful at guessing what tomorrow holds. I have started tracking shuttles and space ships to help me decipher Obama’s next move, so far so good!!

[socrattt]

You must live in a bubble if you don’t enjoy talking about moon bombings and Obama’s birth certificate. Piggs are now friends discussing real world situations. This is almost like a San Diego social networking site for real estate wannabes like myself!!

Unfortunately the real estate market has become similar to the stock market. You could throw a dart and be just as successful at guessing what tomorrow holds. I have started tracking shuttles and space ships to help me decipher Obama’s next move, so far so good!!

[socrattt]

You must live in a bubble if you don’t enjoy talking about moon bombings and Obama’s birth certificate. Piggs are now friends discussing real world situations. This is almost like a San Diego social networking site for real estate wannabes like myself!!

Unfortunately the real estate market has become similar to the stock market. You could throw a dart and be just as successful at guessing what tomorrow holds. I have started tracking shuttles and space ships to help me decipher Obama’s next move, so far so good!!

[socrattt]

You must live in a bubble if you don’t enjoy talking about moon bombings and Obama’s birth certificate. Piggs are now friends discussing real world situations. This is almost like a San Diego social networking site for real estate wannabes like myself!!

Unfortunately the real estate market has become similar to the stock market. You could throw a dart and be just as successful at guessing what tomorrow holds. I have started tracking shuttles and space ships to help me decipher Obama’s next move, so far so good!!

[socrattt]

You must live in a bubble if you don’t enjoy talking about moon bombings and Obama’s birth certificate. Piggs are now friends discussing real world situations. This is almost like a San Diego social networking site for real estate wannabes like myself!!

Unfortunately the real estate market has become similar to the stock market. You could throw a dart and be just as successful at guessing what tomorrow holds. I have started tracking shuttles and space ships to help me decipher Obama’s next move, so far so good!!

[Coronita]

Hey, nothing beats talking about heckling Jeff Bridges, Hyundais and about buying cars from a company with a U.S. name, funded by the U.S. taxpayers, partially designed overseas, built in “domestic” Canada, with some parts made in Canada, Mexico, and Japan… Have you wrote to Jeff Bridges yet? Now where was that thread….

Just kidding, just kidding.

[Coronita]

Hey, nothing beats talking about heckling Jeff Bridges, Hyundais and about buying cars from a company with a U.S. name, funded by the U.S. taxpayers, partially designed overseas, built in “domestic” Canada, with some parts made in Canada, Mexico, and Japan… Have you wrote to Jeff Bridges yet? Now where was that thread….

Just kidding, just kidding.

[Coronita]

Hey, nothing beats talking about heckling Jeff Bridges, Hyundais and about buying cars from a company with a U.S. name, funded by the U.S. taxpayers, partially designed overseas, built in “domestic” Canada, with some parts made in Canada, Mexico, and Japan… Have you wrote to Jeff Bridges yet? Now where was that thread….

Just kidding, just kidding.

[Coronita]

Hey, nothing beats talking about heckling Jeff Bridges, Hyundais and about buying cars from a company with a U.S. name, funded by the U.S. taxpayers, partially designed overseas, built in “domestic” Canada, with some parts made in Canada, Mexico, and Japan… Have you wrote to Jeff Bridges yet? Now where was that thread….

Just kidding, just kidding.

[Coronita]

Hey, nothing beats talking about heckling Jeff Bridges, Hyundais and about buying cars from a company with a U.S. name, funded by the U.S. taxpayers, partially designed overseas, built in “domestic” Canada, with some parts made in Canada, Mexico, and Japan… Have you wrote to Jeff Bridges yet? Now where was that thread….

Just kidding, just kidding.

[Nor-LA-SD-guy]

[quote=CA renter]

Here’s my prediction: from now until Q3 2010, we will see fairly stable to rising markets, both in housing and stocks. They will say Q3 2009 saw the end of the recession.

As we progress through fall of 2010, it will become evident that the “recovery” is really just the result of monetary and fiscal manupulations. People will still be afraid of losing their jobs, and try as they might, the pumping will do little to repair the cracks in the foundation of our economy. At that point, we see the next leg down in the housing and stock markets (but we’ll probably see 10,000+ on the DOW and 1,100 on the S&P before then).[/quote]

The few issue I have with this prediction

1) The Stimulus if I understand it correctly is designed to be allocated over then next three to five years, so it will last longer than 2010-11
(I think that is it’s main problem by the way, it’s going to be too slow to do much good so why bother, it’s really mostly social engineering anyway, good if you live in the inner city type stuff).

2) The rate we (the U.S.A.) are not consuming (everything cars, computers, even homes etc…) is completely unsustainable just as much as the bubble was, so just getting back to normal consumption will take us 70% of the way back to recovery.

I will add one more:

3) Once the banks think (or are fairly confident) that RE has hit bottom and has not a lot of possible downward surprise left) Credit will start to flow a lot more easily (no one wants to lend against a depreciating asset, not even the Gov.)

[Nor-LA-SD-guy]

[quote=CA renter]

Here’s my prediction: from now until Q3 2010, we will see fairly stable to rising markets, both in housing and stocks. They will say Q3 2009 saw the end of the recession.

As we progress through fall of 2010, it will become evident that the “recovery” is really just the result of monetary and fiscal manupulations. People will still be afraid of losing their jobs, and try as they might, the pumping will do little to repair the cracks in the foundation of our economy. At that point, we see the next leg down in the housing and stock markets (but we’ll probably see 10,000+ on the DOW and 1,100 on the S&P before then).[/quote]

The few issue I have with this prediction

1) The Stimulus if I understand it correctly is designed to be allocated over then next three to five years, so it will last longer than 2010-11
(I think that is it’s main problem by the way, it’s going to be too slow to do much good so why bother, it’s really mostly social engineering anyway, good if you live in the inner city type stuff).

2) The rate we (the U.S.A.) are not consuming (everything cars, computers, even homes etc…) is completely unsustainable just as much as the bubble was, so just getting back to normal consumption will take us 70% of the way back to recovery.

I will add one more:

3) Once the banks think (or are fairly confident) that RE has hit bottom and has not a lot of possible downward surprise left) Credit will start to flow a lot more easily (no one wants to lend against a depreciating asset, not even the Gov.)

[Nor-LA-SD-guy]

[quote=CA renter]

Here’s my prediction: from now until Q3 2010, we will see fairly stable to rising markets, both in housing and stocks. They will say Q3 2009 saw the end of the recession.

As we progress through fall of 2010, it will become evident that the “recovery” is really just the result of monetary and fiscal manupulations. People will still be afraid of losing their jobs, and try as they might, the pumping will do little to repair the cracks in the foundation of our economy. At that point, we see the next leg down in the housing and stock markets (but we’ll probably see 10,000+ on the DOW and 1,100 on the S&P before then).[/quote]

The few issue I have with this prediction

1) The Stimulus if I understand it correctly is designed to be allocated over then next three to five years, so it will last longer than 2010-11
(I think that is it’s main problem by the way, it’s going to be too slow to do much good so why bother, it’s really mostly social engineering anyway, good if you live in the inner city type stuff).

2) The rate we (the U.S.A.) are not consuming (everything cars, computers, even homes etc…) is completely unsustainable just as much as the bubble was, so just getting back to normal consumption will take us 70% of the way back to recovery.

I will add one more:

3) Once the banks think (or are fairly confident) that RE has hit bottom and has not a lot of possible downward surprise left) Credit will start to flow a lot more easily (no one wants to lend against a depreciating asset, not even the Gov.)

[Nor-LA-SD-guy]

[quote=CA renter]

Here’s my prediction: from now until Q3 2010, we will see fairly stable to rising markets, both in housing and stocks. They will say Q3 2009 saw the end of the recession.

As we progress through fall of 2010, it will become evident that the “recovery” is really just the result of monetary and fiscal manupulations. People will still be afraid of losing their jobs, and try as they might, the pumping will do little to repair the cracks in the foundation of our economy. At that point, we see the next leg down in the housing and stock markets (but we’ll probably see 10,000+ on the DOW and 1,100 on the S&P before then).[/quote]

The few issue I have with this prediction

1) The Stimulus if I understand it correctly is designed to be allocated over then next three to five years, so it will last longer than 2010-11
(I think that is it’s main problem by the way, it’s going to be too slow to do much good so why bother, it’s really mostly social engineering anyway, good if you live in the inner city type stuff).

2) The rate we (the U.S.A.) are not consuming (everything cars, computers, even homes etc…) is completely unsustainable just as much as the bubble was, so just getting back to normal consumption will take us 70% of the way back to recovery.

I will add one more:

3) Once the banks think (or are fairly confident) that RE has hit bottom and has not a lot of possible downward surprise left) Credit will start to flow a lot more easily (no one wants to lend against a depreciating asset, not even the Gov.)

[Author]

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