Just Say No

[CA renter]

Brian wrote:

“…too many retiring baby boomers with pensions.”
—————-

Perhaps you’re not following what’s going on with pensions (and the retirement accounts of those “rich” Baby Boomers), but I sure am. There will be NO flood of cash-rich Boomers coming to save our over-encumbered a$$es. Maybe the “rich” foreigners, but they’ve got their own problems right now.

[Coronita]

Um. Well, a couple of things.. First, this stimulus, if you read about it, most of it isn’t going to the private sector…It’s going to waste on government spending on random stuff (arguably not even good public projects like education)…I wish folks would start calling it what it is. It’s not a stimulus bill. It’s a government spending bill. I doubt it’s like the previous stimulus where people are actually mailed a check.

Second you can’t say no to it. Because folks decided to voted in Democrat controlled congress and president such that policy can get done in government for better or worse.

Third, if every american did exactly what your suggesting, mostly likely you personally will be unemployed….indefinitely…Because unfortunately, unless you are advocating a marxist society and/or a society truely returning to basics in which folks farm their own food and shoot their own meat, commerce/spending is exactly what completely the cycle and keeps things going….So it’s fine to state this, but be prepared for your own job loss…Reduced commerce, means unnecessary glut of workers… And frankly, as i think some folks are realizing, being in the public sector doesn’t grant one immunity…Because those are funded by tax dollars, which, in turn comes from when people spend and earn. Americans have in the past overspent beyond their means, and that was a problem, no doubt, though..No disagreeing there. I just wonder if we are going to undo a lot of that over consumption, if some of you folks are really prepared by the implications for this, because employment isn’t a birthright.

I’d say just say yes to contributing to the GDP. It’s a perfect time to buy if you’re not in a financial rathole. Retail folks are actually nice to you. You can really haggle over stuff… Customer service is pretty good these days (minus some government folks who still feel they have a employment shield), and you’re dollar stretches pretty far. Perfect opportunity for tech stuff. I’ve done my part: Got a new Mac, new HD network media player, and a few extra terabyte storage all for pretty dirt cheap prices. (The mac was for iphone development too).

[Coronita]

Um. Well, a couple of things.. First, this stimulus, if you read about it, most of it isn’t going to the private sector…It’s going to waste on government spending on random stuff (arguably not even good public projects like education)…I wish folks would start calling it what it is. It’s not a stimulus bill. It’s a government spending bill. I doubt it’s like the previous stimulus where people are actually mailed a check.

Second you can’t say no to it. Because folks decided to voted in Democrat controlled congress and president such that policy can get done in government for better or worse.

Third, if every american did exactly what your suggesting, mostly likely you personally will be unemployed….indefinitely…Because unfortunately, unless you are advocating a marxist society and/or a society truely returning to basics in which folks farm their own food and shoot their own meat, commerce/spending is exactly what completely the cycle and keeps things going….So it’s fine to state this, but be prepared for your own job loss…Reduced commerce, means unnecessary glut of workers… And frankly, as i think some folks are realizing, being in the public sector doesn’t grant one immunity…Because those are funded by tax dollars, which, in turn comes from when people spend and earn. Americans have in the past overspent beyond their means, and that was a problem, no doubt, though..No disagreeing there. I just wonder if we are going to undo a lot of that over consumption, if some of you folks are really prepared by the implications for this, because employment isn’t a birthright.

I’d say just say yes to contributing to the GDP. It’s a perfect time to buy if you’re not in a financial rathole. Retail folks are actually nice to you. You can really haggle over stuff… Customer service is pretty good these days (minus some government folks who still feel they have a employment shield), and you’re dollar stretches pretty far. Perfect opportunity for tech stuff. I’ve done my part: Got a new Mac, new HD network media player, and a few extra terabyte storage all for pretty dirt cheap prices. (The mac was for iphone development too).

[Coronita]

Um. Well, a couple of things.. First, this stimulus, if you read about it, most of it isn’t going to the private sector…It’s going to waste on government spending on random stuff (arguably not even good public projects like education)…I wish folks would start calling it what it is. It’s not a stimulus bill. It’s a government spending bill. I doubt it’s like the previous stimulus where people are actually mailed a check.

Second you can’t say no to it. Because folks decided to voted in Democrat controlled congress and president such that policy can get done in government for better or worse.

Third, if every american did exactly what your suggesting, mostly likely you personally will be unemployed….indefinitely…Because unfortunately, unless you are advocating a marxist society and/or a society truely returning to basics in which folks farm their own food and shoot their own meat, commerce/spending is exactly what completely the cycle and keeps things going….So it’s fine to state this, but be prepared for your own job loss…Reduced commerce, means unnecessary glut of workers… And frankly, as i think some folks are realizing, being in the public sector doesn’t grant one immunity…Because those are funded by tax dollars, which, in turn comes from when people spend and earn. Americans have in the past overspent beyond their means, and that was a problem, no doubt, though..No disagreeing there. I just wonder if we are going to undo a lot of that over consumption, if some of you folks are really prepared by the implications for this, because employment isn’t a birthright.

I’d say just say yes to contributing to the GDP. It’s a perfect time to buy if you’re not in a financial rathole. Retail folks are actually nice to you. You can really haggle over stuff… Customer service is pretty good these days (minus some government folks who still feel they have a employment shield), and you’re dollar stretches pretty far. Perfect opportunity for tech stuff. I’ve done my part: Got a new Mac, new HD network media player, and a few extra terabyte storage all for pretty dirt cheap prices. (The mac was for iphone development too).

[Coronita]

Um. Well, a couple of things.. First, this stimulus, if you read about it, most of it isn’t going to the private sector…It’s going to waste on government spending on random stuff (arguably not even good public projects like education)…I wish folks would start calling it what it is. It’s not a stimulus bill. It’s a government spending bill. I doubt it’s like the previous stimulus where people are actually mailed a check.

Second you can’t say no to it. Because folks decided to voted in Democrat controlled congress and president such that policy can get done in government for better or worse.

Third, if every american did exactly what your suggesting, mostly likely you personally will be unemployed….indefinitely…Because unfortunately, unless you are advocating a marxist society and/or a society truely returning to basics in which folks farm their own food and shoot their own meat, commerce/spending is exactly what completely the cycle and keeps things going….So it’s fine to state this, but be prepared for your own job loss…Reduced commerce, means unnecessary glut of workers… And frankly, as i think some folks are realizing, being in the public sector doesn’t grant one immunity…Because those are funded by tax dollars, which, in turn comes from when people spend and earn. Americans have in the past overspent beyond their means, and that was a problem, no doubt, though..No disagreeing there. I just wonder if we are going to undo a lot of that over consumption, if some of you folks are really prepared by the implications for this, because employment isn’t a birthright.

I’d say just say yes to contributing to the GDP. It’s a perfect time to buy if you’re not in a financial rathole. Retail folks are actually nice to you. You can really haggle over stuff… Customer service is pretty good these days (minus some government folks who still feel they have a employment shield), and you’re dollar stretches pretty far. Perfect opportunity for tech stuff. I’ve done my part: Got a new Mac, new HD network media player, and a few extra terabyte storage all for pretty dirt cheap prices. (The mac was for iphone development too).

[Coronita]

Um. Well, a couple of things.. First, this stimulus, if you read about it, most of it isn’t going to the private sector…It’s going to waste on government spending on random stuff (arguably not even good public projects like education)…I wish folks would start calling it what it is. It’s not a stimulus bill. It’s a government spending bill. I doubt it’s like the previous stimulus where people are actually mailed a check.

Second you can’t say no to it. Because folks decided to voted in Democrat controlled congress and president such that policy can get done in government for better or worse.

Third, if every american did exactly what your suggesting, mostly likely you personally will be unemployed….indefinitely…Because unfortunately, unless you are advocating a marxist society and/or a society truely returning to basics in which folks farm their own food and shoot their own meat, commerce/spending is exactly what completely the cycle and keeps things going….So it’s fine to state this, but be prepared for your own job loss…Reduced commerce, means unnecessary glut of workers… And frankly, as i think some folks are realizing, being in the public sector doesn’t grant one immunity…Because those are funded by tax dollars, which, in turn comes from when people spend and earn. Americans have in the past overspent beyond their means, and that was a problem, no doubt, though..No disagreeing there. I just wonder if we are going to undo a lot of that over consumption, if some of you folks are really prepared by the implications for this, because employment isn’t a birthright.

I’d say just say yes to contributing to the GDP. It’s a perfect time to buy if you’re not in a financial rathole. Retail folks are actually nice to you. You can really haggle over stuff… Customer service is pretty good these days (minus some government folks who still feel they have a employment shield), and you’re dollar stretches pretty far. Perfect opportunity for tech stuff. I’ve done my part: Got a new Mac, new HD network media player, and a few extra terabyte storage all for pretty dirt cheap prices. (The mac was for iphone development too).

[Arraya]

Surreal is the only way I know how to describe it. Everything is smoke and mirrors. It’s all non-stop political theater, carefully choreographed to make the people believe something is going on, when nothing really is.

Take the debate over the stimulus package. CNN News had an interesting snippet yesterday where we have one Wall Street whore, Senator Richard Shelby of Alabama, debating another Wall Street whore, Lawrence Summers, the head of the Obama administration’s National Economic Council. Shelby blasts the stimulus, saying it will lead to “disaster,” and Summers counters that said Republicans have lost their credibility on the issue. “Those who presided over the last eight years — the eight years that brought us to the point where we inherit trillions of dollars of deficit, an economy that’s collapsing more rapidly than at any time in the last 50 years — don’t seem to me in a strong position to lecture about the lessons of history,” he said.

http://www.cnn.com/2009/POLITICS/02/08/congress.economy/index.html

Of course this is all just diversionary entertainment to distract the public from where the real action is, which is the bank bailout. The $800 billion stimulus package is peanuts compared to the $10+ trillion the government has already lavished on the finance industry in various loans, loan guarantees and direct bailouts. And here’s where our road to surrealdom really begins. For it is those who supported Obama, folks on the left like Frank Rich and Salon, who are most critical of Timothy Geithner and his new cash for trash scheme:

There are simply too many major players in the Obama team who are either alumni of the financial bubble’s insiders’ club or of the somnambulant governmental establishment that presided over the catastrophe.

This includes Timothy Geithner, the Treasury secretary…

A welcome outlier to this club is Paul Volcker, the former Federal Reserve chairman chosen to direct Obama’s Economic Recovery Advisory Board. But Bloomberg reported last week that Summers is already freezing Volcker out of many of his deliberations on economic policy.

Of course, that lockstep uniformity pales in comparison to the White House’s economic team — a squad of corporate lackeys disguised as public servants.

At the top is Lawrence Summers, the director of Obama’s National Economic Council. As Bill Clinton’s treasury secretary in the late 1990s, Summers worked with his deputy, Tim Geithner (now Obama’s treasury secretary), and Clinton aide Rahm Emanuel (now Obama’s chief of staff) to champion job-killing trade deals and deregulation that Obama Commerce Secretary Judd Gregg helped shepherd through Congress as a Republican senator. Now, this pinstriped band of brothers is proposing a “cash for trash” scheme that would force the public to guarantee the financial industry’s bad loans. It’s another ploy “to hand taxpayer dollars to the banks through a variety of complex mechanisms,” says economist Dean Baker — and noticeably absent is anything even resembling a “rival” voice inside the White House.

http://www.salon.com/opinion/feature/2009/02/07/sirota/index.html

But here’s where the real wierdness starts. Because it is the right that is now cooing and purring over Geithner, as this mornings column by David Brooks illustrates:

But another part of the administration’s economic strategy is being unveiled today by Treasury Secretary Tim Geithner, and at first blush the news is much happier. Geithner’s plan is huge but also disciplined. It’s designed by someone aware of government’s limitations.

Go read the whole thing to see how the right has rushed in to fill the vacuum of Obama sycophancy that was created when the left left.

[Arraya]

Surreal is the only way I know how to describe it. Everything is smoke and mirrors. It’s all non-stop political theater, carefully choreographed to make the people believe something is going on, when nothing really is.

Take the debate over the stimulus package. CNN News had an interesting snippet yesterday where we have one Wall Street whore, Senator Richard Shelby of Alabama, debating another Wall Street whore, Lawrence Summers, the head of the Obama administration’s National Economic Council. Shelby blasts the stimulus, saying it will lead to “disaster,” and Summers counters that said Republicans have lost their credibility on the issue. “Those who presided over the last eight years — the eight years that brought us to the point where we inherit trillions of dollars of deficit, an economy that’s collapsing more rapidly than at any time in the last 50 years — don’t seem to me in a strong position to lecture about the lessons of history,” he said.

http://www.cnn.com/2009/POLITICS/02/08/congress.economy/index.html

Of course this is all just diversionary entertainment to distract the public from where the real action is, which is the bank bailout. The $800 billion stimulus package is peanuts compared to the $10+ trillion the government has already lavished on the finance industry in various loans, loan guarantees and direct bailouts. And here’s where our road to surrealdom really begins. For it is those who supported Obama, folks on the left like Frank Rich and Salon, who are most critical of Timothy Geithner and his new cash for trash scheme:

There are simply too many major players in the Obama team who are either alumni of the financial bubble’s insiders’ club or of the somnambulant governmental establishment that presided over the catastrophe.

This includes Timothy Geithner, the Treasury secretary…

A welcome outlier to this club is Paul Volcker, the former Federal Reserve chairman chosen to direct Obama’s Economic Recovery Advisory Board. But Bloomberg reported last week that Summers is already freezing Volcker out of many of his deliberations on economic policy.

Of course, that lockstep uniformity pales in comparison to the White House’s economic team — a squad of corporate lackeys disguised as public servants.

At the top is Lawrence Summers, the director of Obama’s National Economic Council. As Bill Clinton’s treasury secretary in the late 1990s, Summers worked with his deputy, Tim Geithner (now Obama’s treasury secretary), and Clinton aide Rahm Emanuel (now Obama’s chief of staff) to champion job-killing trade deals and deregulation that Obama Commerce Secretary Judd Gregg helped shepherd through Congress as a Republican senator. Now, this pinstriped band of brothers is proposing a “cash for trash” scheme that would force the public to guarantee the financial industry’s bad loans. It’s another ploy “to hand taxpayer dollars to the banks through a variety of complex mechanisms,” says economist Dean Baker — and noticeably absent is anything even resembling a “rival” voice inside the White House.

http://www.salon.com/opinion/feature/2009/02/07/sirota/index.html

But here’s where the real wierdness starts. Because it is the right that is now cooing and purring over Geithner, as this mornings column by David Brooks illustrates:

But another part of the administration’s economic strategy is being unveiled today by Treasury Secretary Tim Geithner, and at first blush the news is much happier. Geithner’s plan is huge but also disciplined. It’s designed by someone aware of government’s limitations.

Go read the whole thing to see how the right has rushed in to fill the vacuum of Obama sycophancy that was created when the left left.

[Arraya]

Surreal is the only way I know how to describe it. Everything is smoke and mirrors. It’s all non-stop political theater, carefully choreographed to make the people believe something is going on, when nothing really is.

Take the debate over the stimulus package. CNN News had an interesting snippet yesterday where we have one Wall Street whore, Senator Richard Shelby of Alabama, debating another Wall Street whore, Lawrence Summers, the head of the Obama administration’s National Economic Council. Shelby blasts the stimulus, saying it will lead to “disaster,” and Summers counters that said Republicans have lost their credibility on the issue. “Those who presided over the last eight years — the eight years that brought us to the point where we inherit trillions of dollars of deficit, an economy that’s collapsing more rapidly than at any time in the last 50 years — don’t seem to me in a strong position to lecture about the lessons of history,” he said.

http://www.cnn.com/2009/POLITICS/02/08/congress.economy/index.html

Of course this is all just diversionary entertainment to distract the public from where the real action is, which is the bank bailout. The $800 billion stimulus package is peanuts compared to the $10+ trillion the government has already lavished on the finance industry in various loans, loan guarantees and direct bailouts. And here’s where our road to surrealdom really begins. For it is those who supported Obama, folks on the left like Frank Rich and Salon, who are most critical of Timothy Geithner and his new cash for trash scheme:

There are simply too many major players in the Obama team who are either alumni of the financial bubble’s insiders’ club or of the somnambulant governmental establishment that presided over the catastrophe.

This includes Timothy Geithner, the Treasury secretary…

A welcome outlier to this club is Paul Volcker, the former Federal Reserve chairman chosen to direct Obama’s Economic Recovery Advisory Board. But Bloomberg reported last week that Summers is already freezing Volcker out of many of his deliberations on economic policy.

Of course, that lockstep uniformity pales in comparison to the White House’s economic team — a squad of corporate lackeys disguised as public servants.

At the top is Lawrence Summers, the director of Obama’s National Economic Council. As Bill Clinton’s treasury secretary in the late 1990s, Summers worked with his deputy, Tim Geithner (now Obama’s treasury secretary), and Clinton aide Rahm Emanuel (now Obama’s chief of staff) to champion job-killing trade deals and deregulation that Obama Commerce Secretary Judd Gregg helped shepherd through Congress as a Republican senator. Now, this pinstriped band of brothers is proposing a “cash for trash” scheme that would force the public to guarantee the financial industry’s bad loans. It’s another ploy “to hand taxpayer dollars to the banks through a variety of complex mechanisms,” says economist Dean Baker — and noticeably absent is anything even resembling a “rival” voice inside the White House.

http://www.salon.com/opinion/feature/2009/02/07/sirota/index.html

But here’s where the real wierdness starts. Because it is the right that is now cooing and purring over Geithner, as this mornings column by David Brooks illustrates:

But another part of the administration’s economic strategy is being unveiled today by Treasury Secretary Tim Geithner, and at first blush the news is much happier. Geithner’s plan is huge but also disciplined. It’s designed by someone aware of government’s limitations.

Go read the whole thing to see how the right has rushed in to fill the vacuum of Obama sycophancy that was created when the left left.

[Arraya]

Surreal is the only way I know how to describe it. Everything is smoke and mirrors. It’s all non-stop political theater, carefully choreographed to make the people believe something is going on, when nothing really is.

Take the debate over the stimulus package. CNN News had an interesting snippet yesterday where we have one Wall Street whore, Senator Richard Shelby of Alabama, debating another Wall Street whore, Lawrence Summers, the head of the Obama administration’s National Economic Council. Shelby blasts the stimulus, saying it will lead to “disaster,” and Summers counters that said Republicans have lost their credibility on the issue. “Those who presided over the last eight years — the eight years that brought us to the point where we inherit trillions of dollars of deficit, an economy that’s collapsing more rapidly than at any time in the last 50 years — don’t seem to me in a strong position to lecture about the lessons of history,” he said.

http://www.cnn.com/2009/POLITICS/02/08/congress.economy/index.html

Of course this is all just diversionary entertainment to distract the public from where the real action is, which is the bank bailout. The $800 billion stimulus package is peanuts compared to the $10+ trillion the government has already lavished on the finance industry in various loans, loan guarantees and direct bailouts. And here’s where our road to surrealdom really begins. For it is those who supported Obama, folks on the left like Frank Rich and Salon, who are most critical of Timothy Geithner and his new cash for trash scheme:

There are simply too many major players in the Obama team who are either alumni of the financial bubble’s insiders’ club or of the somnambulant governmental establishment that presided over the catastrophe.

This includes Timothy Geithner, the Treasury secretary…

A welcome outlier to this club is Paul Volcker, the former Federal Reserve chairman chosen to direct Obama’s Economic Recovery Advisory Board. But Bloomberg reported last week that Summers is already freezing Volcker out of many of his deliberations on economic policy.

Of course, that lockstep uniformity pales in comparison to the White House’s economic team — a squad of corporate lackeys disguised as public servants.

At the top is Lawrence Summers, the director of Obama’s National Economic Council. As Bill Clinton’s treasury secretary in the late 1990s, Summers worked with his deputy, Tim Geithner (now Obama’s treasury secretary), and Clinton aide Rahm Emanuel (now Obama’s chief of staff) to champion job-killing trade deals and deregulation that Obama Commerce Secretary Judd Gregg helped shepherd through Congress as a Republican senator. Now, this pinstriped band of brothers is proposing a “cash for trash” scheme that would force the public to guarantee the financial industry’s bad loans. It’s another ploy “to hand taxpayer dollars to the banks through a variety of complex mechanisms,” says economist Dean Baker — and noticeably absent is anything even resembling a “rival” voice inside the White House.

http://www.salon.com/opinion/feature/2009/02/07/sirota/index.html

But here’s where the real wierdness starts. Because it is the right that is now cooing and purring over Geithner, as this mornings column by David Brooks illustrates:

But another part of the administration’s economic strategy is being unveiled today by Treasury Secretary Tim Geithner, and at first blush the news is much happier. Geithner’s plan is huge but also disciplined. It’s designed by someone aware of government’s limitations.

Go read the whole thing to see how the right has rushed in to fill the vacuum of Obama sycophancy that was created when the left left.

[Arraya]

Surreal is the only way I know how to describe it. Everything is smoke and mirrors. It’s all non-stop political theater, carefully choreographed to make the people believe something is going on, when nothing really is.

Take the debate over the stimulus package. CNN News had an interesting snippet yesterday where we have one Wall Street whore, Senator Richard Shelby of Alabama, debating another Wall Street whore, Lawrence Summers, the head of the Obama administration’s National Economic Council. Shelby blasts the stimulus, saying it will lead to “disaster,” and Summers counters that said Republicans have lost their credibility on the issue. “Those who presided over the last eight years — the eight years that brought us to the point where we inherit trillions of dollars of deficit, an economy that’s collapsing more rapidly than at any time in the last 50 years — don’t seem to me in a strong position to lecture about the lessons of history,” he said.

http://www.cnn.com/2009/POLITICS/02/08/congress.economy/index.html

Of course this is all just diversionary entertainment to distract the public from where the real action is, which is the bank bailout. The $800 billion stimulus package is peanuts compared to the $10+ trillion the government has already lavished on the finance industry in various loans, loan guarantees and direct bailouts. And here’s where our road to surrealdom really begins. For it is those who supported Obama, folks on the left like Frank Rich and Salon, who are most critical of Timothy Geithner and his new cash for trash scheme:

There are simply too many major players in the Obama team who are either alumni of the financial bubble’s insiders’ club or of the somnambulant governmental establishment that presided over the catastrophe.

This includes Timothy Geithner, the Treasury secretary…

A welcome outlier to this club is Paul Volcker, the former Federal Reserve chairman chosen to direct Obama’s Economic Recovery Advisory Board. But Bloomberg reported last week that Summers is already freezing Volcker out of many of his deliberations on economic policy.

Of course, that lockstep uniformity pales in comparison to the White House’s economic team — a squad of corporate lackeys disguised as public servants.

At the top is Lawrence Summers, the director of Obama’s National Economic Council. As Bill Clinton’s treasury secretary in the late 1990s, Summers worked with his deputy, Tim Geithner (now Obama’s treasury secretary), and Clinton aide Rahm Emanuel (now Obama’s chief of staff) to champion job-killing trade deals and deregulation that Obama Commerce Secretary Judd Gregg helped shepherd through Congress as a Republican senator. Now, this pinstriped band of brothers is proposing a “cash for trash” scheme that would force the public to guarantee the financial industry’s bad loans. It’s another ploy “to hand taxpayer dollars to the banks through a variety of complex mechanisms,” says economist Dean Baker — and noticeably absent is anything even resembling a “rival” voice inside the White House.

http://www.salon.com/opinion/feature/2009/02/07/sirota/index.html

But here’s where the real wierdness starts. Because it is the right that is now cooing and purring over Geithner, as this mornings column by David Brooks illustrates:

But another part of the administration’s economic strategy is being unveiled today by Treasury Secretary Tim Geithner, and at first blush the news is much happier. Geithner’s plan is huge but also disciplined. It’s designed by someone aware of government’s limitations.

Go read the whole thing to see how the right has rushed in to fill the vacuum of Obama sycophancy that was created when the left left.

[macromaniac]

Padre,

Prices will at least retrace to 1997 levels across the board to come in line with wages that are not increasing but rather decreasing. There are still areas that are way overpriced and will come down that amount, trust me.

I live in a complex that costs me $1760.00 a month to rent and the price to own is around $3500.00 per month (La Jolla Woodlands). There are around 25 props out of 125 that are upside down?

You really think that people who have a, now 101K, are going to be buying RE? They need that money to live out the rest of their lives. I have friends worth more money than God and they won’t touch anything in this market for another 2.5 years. You think pensions are safe?

Whatever your smoking it must be good stuff…go buy some houses in Riverside for rentals….are you a RE Agent?

[macromaniac]

Padre,

Prices will at least retrace to 1997 levels across the board to come in line with wages that are not increasing but rather decreasing. There are still areas that are way overpriced and will come down that amount, trust me.

I live in a complex that costs me $1760.00 a month to rent and the price to own is around $3500.00 per month (La Jolla Woodlands). There are around 25 props out of 125 that are upside down?

You really think that people who have a, now 101K, are going to be buying RE? They need that money to live out the rest of their lives. I have friends worth more money than God and they won’t touch anything in this market for another 2.5 years. You think pensions are safe?

Whatever your smoking it must be good stuff…go buy some houses in Riverside for rentals….are you a RE Agent?

[macromaniac]

Padre,

Prices will at least retrace to 1997 levels across the board to come in line with wages that are not increasing but rather decreasing. There are still areas that are way overpriced and will come down that amount, trust me.

I live in a complex that costs me $1760.00 a month to rent and the price to own is around $3500.00 per month (La Jolla Woodlands). There are around 25 props out of 125 that are upside down?

You really think that people who have a, now 101K, are going to be buying RE? They need that money to live out the rest of their lives. I have friends worth more money than God and they won’t touch anything in this market for another 2.5 years. You think pensions are safe?

Whatever your smoking it must be good stuff…go buy some houses in Riverside for rentals….are you a RE Agent?

[macromaniac]

Padre,

Prices will at least retrace to 1997 levels across the board to come in line with wages that are not increasing but rather decreasing. There are still areas that are way overpriced and will come down that amount, trust me.

I live in a complex that costs me $1760.00 a month to rent and the price to own is around $3500.00 per month (La Jolla Woodlands). There are around 25 props out of 125 that are upside down?

You really think that people who have a, now 101K, are going to be buying RE? They need that money to live out the rest of their lives. I have friends worth more money than God and they won’t touch anything in this market for another 2.5 years. You think pensions are safe?

Whatever your smoking it must be good stuff…go buy some houses in Riverside for rentals….are you a RE Agent?

[Author]

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