[quote=flu][quote=livinincali][quote=flu]
I hope I’m right and we see the stock market tanks all the way until the end of the year… I hope we have falling rates, and I hope that this down market wipes out the investment spirit during the first quarter of 2013, so that we can get some decent inventory locally again for the first quarter in 2013……..[/quote]
I’d probably wait until one of these Single Family investment hedge funds blows up 3-5 years down the road. That will be an interesting forced liquidation. Thousands of rental properties to be liquidated, although I don’t think we’ll see much in San Diego though. It will probably be Las Vegas or Phoenix where the implosion happens.[/quote]
I’m more interested in seeing how the state taxes hike across the board is gonna put less money into average j6p pocket…making them perpetual renters…
After all, those incremental 1% or 2% tax for the top income earners isn’t probably gonna make nearly as bad a dent as the sales tax is gonna be for average j6p
but hey, it’s what the people wanted… so cool….
Then again with a super demo government, we could see more moratorium after moratorium…So who knows…..
Only in Kalifornia in Amerika…[/quote]
I honestly wouldn’t be surprised by anything CA does. If those evil investors start jacking up rents on poor Californians we’re sure to see rent control. That should be good for housing values and the mom and pop real estate investor.
First of all, do you really think that three supreme court judges will retire in next two years? Why would Kagan, Sontomoyor, Alito or Roberts retire? They just started. Then if Ginsberg or Breyer retire and get replaced by any of these three what difference does that make? Finally is there any realistic chance that Thomas, Scalia or Kennedy could retire in the next two years? I don’t think so!
Second point: how will any of these three (polarizing) figures that you cite ever get confirmed in the senate where GOP still has probably 45 senators (+2 independents & 11 blue-dog Dem senators from deep-red states ) and filibuster that is alive and working.
United States Senate is the greatest political entity constructed by our founding fathers to keep short-term political extremism in check. I am forever grateful to them for having the foresight to think of it more than 300 years ago.
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