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davelj.
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February 21, 2011 at 12:28 PM #670288February 21, 2011 at 12:39 PM #669142
bearishgurl
Participant[quote=captcha] . . . The problem with those who cite Gate’s example is that their SAT score is <1200, they were enrolled in CSUSM, their IQ 95-100 at best, their parents' net worth is negative and their business is imaginary.[/quote]
FWIW to you, captcha, my ACT score of nearly 40 years ago was a 31. I could have been accepted to any number of schools but my single parent mom made $900 too much for me to get any aid from my FAFSA. (I still have my score and my declined FAFSA, lol.) I couldn't afford to go to a university on my own because even then, it was over $600 per semester + books/housing. Home equity loans were unavailable and I wouldn't have wanted my mom to take one out, anyway. This was NOT CA. I did later attend classes at several two year colleges and also a year-long graduate (500 level) program at USD.
Graduating from a university is not the be-all and end-all for everyone.
February 21, 2011 at 12:39 PM #669204Participant[quote=captcha] . . . The problem with those who cite Gate’s example is that their SAT score is <1200, they were enrolled in CSUSM, their IQ 95-100 at best, their parents' net worth is negative and their business is imaginary.[/quote]
FWIW to you, captcha, my ACT score of nearly 40 years ago was a 31. I could have been accepted to any number of schools but my single parent mom made $900 too much for me to get any aid from my FAFSA. (I still have my score and my declined FAFSA, lol.) I couldn't afford to go to a university on my own because even then, it was over $600 per semester + books/housing. Home equity loans were unavailable and I wouldn't have wanted my mom to take one out, anyway. This was NOT CA. I did later attend classes at several two year colleges and also a year-long graduate (500 level) program at USD.
Graduating from a university is not the be-all and end-all for everyone.
February 21, 2011 at 12:39 PM #669811Participant[quote=captcha] . . . The problem with those who cite Gate’s example is that their SAT score is <1200, they were enrolled in CSUSM, their IQ 95-100 at best, their parents' net worth is negative and their business is imaginary.[/quote]
FWIW to you, captcha, my ACT score of nearly 40 years ago was a 31. I could have been accepted to any number of schools but my single parent mom made $900 too much for me to get any aid from my FAFSA. (I still have my score and my declined FAFSA, lol.) I couldn't afford to go to a university on my own because even then, it was over $600 per semester + books/housing. Home equity loans were unavailable and I wouldn't have wanted my mom to take one out, anyway. This was NOT CA. I did later attend classes at several two year colleges and also a year-long graduate (500 level) program at USD.
Graduating from a university is not the be-all and end-all for everyone.
February 21, 2011 at 12:39 PM #669950Participant[quote=captcha] . . . The problem with those who cite Gate’s example is that their SAT score is <1200, they were enrolled in CSUSM, their IQ 95-100 at best, their parents' net worth is negative and their business is imaginary.[/quote]
FWIW to you, captcha, my ACT score of nearly 40 years ago was a 31. I could have been accepted to any number of schools but my single parent mom made $900 too much for me to get any aid from my FAFSA. (I still have my score and my declined FAFSA, lol.) I couldn't afford to go to a university on my own because even then, it was over $600 per semester + books/housing. Home equity loans were unavailable and I wouldn't have wanted my mom to take one out, anyway. This was NOT CA. I did later attend classes at several two year colleges and also a year-long graduate (500 level) program at USD.
Graduating from a university is not the be-all and end-all for everyone.
February 21, 2011 at 12:39 PM #670293Participant[quote=captcha] . . . The problem with those who cite Gate’s example is that their SAT score is <1200, they were enrolled in CSUSM, their IQ 95-100 at best, their parents' net worth is negative and their business is imaginary.[/quote]
FWIW to you, captcha, my ACT score of nearly 40 years ago was a 31. I could have been accepted to any number of schools but my single parent mom made $900 too much for me to get any aid from my FAFSA. (I still have my score and my declined FAFSA, lol.) I couldn't afford to go to a university on my own because even then, it was over $600 per semester + books/housing. Home equity loans were unavailable and I wouldn't have wanted my mom to take one out, anyway. This was NOT CA. I did later attend classes at several two year colleges and also a year-long graduate (500 level) program at USD.
Graduating from a university is not the be-all and end-all for everyone.
February 21, 2011 at 1:46 PM #669162carlsbadworker
Participant[quote=ctr70]http://www.bostonherald.com/business/real_estate/view/2011_0220say_goodbye_to_fannies_low_rates/srvc=home&position=also
This article is very negative. Depending on how soon this stuff happens, this could have some more severe downward pressure on prices:
1. Higher down payments
2. Big reduction in FHA
3. Higher mortgage insurance FHA
4. Higher (possibly much higher) rates across the board…wow.[/quote]
Why is this even a surprise? I think people on this board give too much credit to the FED and the governments in what they can do to influence the economy (as well as the housing price).
For all those who think that we have to speculate because FED forces us so, I think the end of that era (where they can create new demands when there is none) is near. I personally do not think the recent rise of inflation around the world is caused by the FED, rather it is a supplier side disruption caused by global warming (I have no opinion on whether global warming is caused by human being or not, but the current trend is undeniable) with its impact on the food price and the fragile world-wide political system under the threat of food-inflation (which helps to reduce other productions besides agriculture).
The FED and the governments has basically no tools to influence on a supply-side inflation despite claims that Volcker successfully tackled it previously. On the contrary, the political instability caused by the supply-side inflation is going to force many governments around the world to add unnessary inflation-curbing measures that would hurt the economy growth going forward.
We are headed for more downward pressures in growth and a rising inflation, another era of stagflation but not necessarily caused by the FED. In fact, with the record debt levels, there are little rooms for people in the power to maneuver. They can only wait for the higher price, the resulting recessions and the aging population to help reduce the demands to bring a new equilibrium, or new innovations in technology to improve the supply. JMHO.
And personally, I am still waiting for more price corrections in the SD housing market for me to jump in again.
February 21, 2011 at 1:46 PM #669224Participant[quote=ctr70]http://www.bostonherald.com/business/real_estate/view/2011_0220say_goodbye_to_fannies_low_rates/srvc=home&position=also
This article is very negative. Depending on how soon this stuff happens, this could have some more severe downward pressure on prices:
1. Higher down payments
2. Big reduction in FHA
3. Higher mortgage insurance FHA
4. Higher (possibly much higher) rates across the board…wow.[/quote]
Why is this even a surprise? I think people on this board give too much credit to the FED and the governments in what they can do to influence the economy (as well as the housing price).
For all those who think that we have to speculate because FED forces us so, I think the end of that era (where they can create new demands when there is none) is near. I personally do not think the recent rise of inflation around the world is caused by the FED, rather it is a supplier side disruption caused by global warming (I have no opinion on whether global warming is caused by human being or not, but the current trend is undeniable) with its impact on the food price and the fragile world-wide political system under the threat of food-inflation (which helps to reduce other productions besides agriculture).
The FED and the governments has basically no tools to influence on a supply-side inflation despite claims that Volcker successfully tackled it previously. On the contrary, the political instability caused by the supply-side inflation is going to force many governments around the world to add unnessary inflation-curbing measures that would hurt the economy growth going forward.
We are headed for more downward pressures in growth and a rising inflation, another era of stagflation but not necessarily caused by the FED. In fact, with the record debt levels, there are little rooms for people in the power to maneuver. They can only wait for the higher price, the resulting recessions and the aging population to help reduce the demands to bring a new equilibrium, or new innovations in technology to improve the supply. JMHO.
And personally, I am still waiting for more price corrections in the SD housing market for me to jump in again.
February 21, 2011 at 1:46 PM #669831Participant[quote=ctr70]http://www.bostonherald.com/business/real_estate/view/2011_0220say_goodbye_to_fannies_low_rates/srvc=home&position=also
This article is very negative. Depending on how soon this stuff happens, this could have some more severe downward pressure on prices:
1. Higher down payments
2. Big reduction in FHA
3. Higher mortgage insurance FHA
4. Higher (possibly much higher) rates across the board…wow.[/quote]
Why is this even a surprise? I think people on this board give too much credit to the FED and the governments in what they can do to influence the economy (as well as the housing price).
For all those who think that we have to speculate because FED forces us so, I think the end of that era (where they can create new demands when there is none) is near. I personally do not think the recent rise of inflation around the world is caused by the FED, rather it is a supplier side disruption caused by global warming (I have no opinion on whether global warming is caused by human being or not, but the current trend is undeniable) with its impact on the food price and the fragile world-wide political system under the threat of food-inflation (which helps to reduce other productions besides agriculture).
The FED and the governments has basically no tools to influence on a supply-side inflation despite claims that Volcker successfully tackled it previously. On the contrary, the political instability caused by the supply-side inflation is going to force many governments around the world to add unnessary inflation-curbing measures that would hurt the economy growth going forward.
We are headed for more downward pressures in growth and a rising inflation, another era of stagflation but not necessarily caused by the FED. In fact, with the record debt levels, there are little rooms for people in the power to maneuver. They can only wait for the higher price, the resulting recessions and the aging population to help reduce the demands to bring a new equilibrium, or new innovations in technology to improve the supply. JMHO.
And personally, I am still waiting for more price corrections in the SD housing market for me to jump in again.
February 21, 2011 at 1:46 PM #669970Participant[quote=ctr70]http://www.bostonherald.com/business/real_estate/view/2011_0220say_goodbye_to_fannies_low_rates/srvc=home&position=also
This article is very negative. Depending on how soon this stuff happens, this could have some more severe downward pressure on prices:
1. Higher down payments
2. Big reduction in FHA
3. Higher mortgage insurance FHA
4. Higher (possibly much higher) rates across the board…wow.[/quote]
Why is this even a surprise? I think people on this board give too much credit to the FED and the governments in what they can do to influence the economy (as well as the housing price).
For all those who think that we have to speculate because FED forces us so, I think the end of that era (where they can create new demands when there is none) is near. I personally do not think the recent rise of inflation around the world is caused by the FED, rather it is a supplier side disruption caused by global warming (I have no opinion on whether global warming is caused by human being or not, but the current trend is undeniable) with its impact on the food price and the fragile world-wide political system under the threat of food-inflation (which helps to reduce other productions besides agriculture).
The FED and the governments has basically no tools to influence on a supply-side inflation despite claims that Volcker successfully tackled it previously. On the contrary, the political instability caused by the supply-side inflation is going to force many governments around the world to add unnessary inflation-curbing measures that would hurt the economy growth going forward.
We are headed for more downward pressures in growth and a rising inflation, another era of stagflation but not necessarily caused by the FED. In fact, with the record debt levels, there are little rooms for people in the power to maneuver. They can only wait for the higher price, the resulting recessions and the aging population to help reduce the demands to bring a new equilibrium, or new innovations in technology to improve the supply. JMHO.
And personally, I am still waiting for more price corrections in the SD housing market for me to jump in again.
February 21, 2011 at 1:46 PM #670313Participant[quote=ctr70]http://www.bostonherald.com/business/real_estate/view/2011_0220say_goodbye_to_fannies_low_rates/srvc=home&position=also
This article is very negative. Depending on how soon this stuff happens, this could have some more severe downward pressure on prices:
1. Higher down payments
2. Big reduction in FHA
3. Higher mortgage insurance FHA
4. Higher (possibly much higher) rates across the board…wow.[/quote]
Why is this even a surprise? I think people on this board give too much credit to the FED and the governments in what they can do to influence the economy (as well as the housing price).
For all those who think that we have to speculate because FED forces us so, I think the end of that era (where they can create new demands when there is none) is near. I personally do not think the recent rise of inflation around the world is caused by the FED, rather it is a supplier side disruption caused by global warming (I have no opinion on whether global warming is caused by human being or not, but the current trend is undeniable) with its impact on the food price and the fragile world-wide political system under the threat of food-inflation (which helps to reduce other productions besides agriculture).
The FED and the governments has basically no tools to influence on a supply-side inflation despite claims that Volcker successfully tackled it previously. On the contrary, the political instability caused by the supply-side inflation is going to force many governments around the world to add unnessary inflation-curbing measures that would hurt the economy growth going forward.
We are headed for more downward pressures in growth and a rising inflation, another era of stagflation but not necessarily caused by the FED. In fact, with the record debt levels, there are little rooms for people in the power to maneuver. They can only wait for the higher price, the resulting recessions and the aging population to help reduce the demands to bring a new equilibrium, or new innovations in technology to improve the supply. JMHO.
And personally, I am still waiting for more price corrections in the SD housing market for me to jump in again.
February 21, 2011 at 1:55 PM #669167briansd1
GuestIntersting observations carlsbadworker.
I think that we’ll see inflation in food and energy, but that’s a good thing IMO. That will force use to make positive changes in our lifestyles.
But there’s a lot of slack in productive capacity. Consumer products such as Walmart trinkets and electronics will continue to be available for cheap.
February 21, 2011 at 1:55 PM #669229GuestIntersting observations carlsbadworker.
I think that we’ll see inflation in food and energy, but that’s a good thing IMO. That will force use to make positive changes in our lifestyles.
But there’s a lot of slack in productive capacity. Consumer products such as Walmart trinkets and electronics will continue to be available for cheap.
February 21, 2011 at 1:55 PM #669836GuestIntersting observations carlsbadworker.
I think that we’ll see inflation in food and energy, but that’s a good thing IMO. That will force use to make positive changes in our lifestyles.
But there’s a lot of slack in productive capacity. Consumer products such as Walmart trinkets and electronics will continue to be available for cheap.
February 21, 2011 at 1:55 PM #669975GuestIntersting observations carlsbadworker.
I think that we’ll see inflation in food and energy, but that’s a good thing IMO. That will force use to make positive changes in our lifestyles.
But there’s a lot of slack in productive capacity. Consumer products such as Walmart trinkets and electronics will continue to be available for cheap.
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