Home › Forums › Housing › “The Worst Is Yet to Come”: If You’re Not Petrified, You’re Not Paying Attention”
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May 17, 2009 at 12:49 PM #401290May 17, 2009 at 12:54 PM #400608SD RealtorParticipant
Rt66 I know this is not a doomers only post. Actually I think that it is easier to post about gloom and doom then not to. the only person who I have seen postong about it but really ever doing anything about it was someone who talked about going out and buying land several months ago. I am not sure how that came out. Maybe it was partypup but I am not sure.
Arraya posts about it all the time and perhaps ahs taken some steps for preparation as well. Other people talk about having boxes of food in the garage and some investments in gold but in my opinion, if things REALLY play out to where there is serious unrest, menial preparation may be useless. Now if you have defesible land, a well, a couple of gereators with fuel, s network of friends and neighbors with the same, then you have a chance.
Personally my prediction is that some time in the next few years we will be cutoff by our creditors. Much like we are loosing freedom every day, with the current leadership things happen is a slow and subtle way. China will emerge as a new economic leader and we will be whatever we will be. I don’t see every engineering job going away or everyone here digging ditches for a living. I think people getting loans on large sums of money at 4 to 5 percent interest may not be in a bad position if inflation does move upward rapidly. I don’t see this being the bottom of the housing market at all but I think most people here wildly underestimate the financial resources OTHER people have in San Diego as well as just how far government is sold out to propping up the market.
I also think that there is going to be people who make an absolute killing off if these conditions. Indeed there already have been. So you can cast doubt, curl up and hide, or you can figure out how to take advantage of the conditions and with hard work an ingenuity, make money.
May 17, 2009 at 12:54 PM #400858SD RealtorParticipantRt66 I know this is not a doomers only post. Actually I think that it is easier to post about gloom and doom then not to. the only person who I have seen postong about it but really ever doing anything about it was someone who talked about going out and buying land several months ago. I am not sure how that came out. Maybe it was partypup but I am not sure.
Arraya posts about it all the time and perhaps ahs taken some steps for preparation as well. Other people talk about having boxes of food in the garage and some investments in gold but in my opinion, if things REALLY play out to where there is serious unrest, menial preparation may be useless. Now if you have defesible land, a well, a couple of gereators with fuel, s network of friends and neighbors with the same, then you have a chance.
Personally my prediction is that some time in the next few years we will be cutoff by our creditors. Much like we are loosing freedom every day, with the current leadership things happen is a slow and subtle way. China will emerge as a new economic leader and we will be whatever we will be. I don’t see every engineering job going away or everyone here digging ditches for a living. I think people getting loans on large sums of money at 4 to 5 percent interest may not be in a bad position if inflation does move upward rapidly. I don’t see this being the bottom of the housing market at all but I think most people here wildly underestimate the financial resources OTHER people have in San Diego as well as just how far government is sold out to propping up the market.
I also think that there is going to be people who make an absolute killing off if these conditions. Indeed there already have been. So you can cast doubt, curl up and hide, or you can figure out how to take advantage of the conditions and with hard work an ingenuity, make money.
May 17, 2009 at 12:54 PM #401095SD RealtorParticipantRt66 I know this is not a doomers only post. Actually I think that it is easier to post about gloom and doom then not to. the only person who I have seen postong about it but really ever doing anything about it was someone who talked about going out and buying land several months ago. I am not sure how that came out. Maybe it was partypup but I am not sure.
Arraya posts about it all the time and perhaps ahs taken some steps for preparation as well. Other people talk about having boxes of food in the garage and some investments in gold but in my opinion, if things REALLY play out to where there is serious unrest, menial preparation may be useless. Now if you have defesible land, a well, a couple of gereators with fuel, s network of friends and neighbors with the same, then you have a chance.
Personally my prediction is that some time in the next few years we will be cutoff by our creditors. Much like we are loosing freedom every day, with the current leadership things happen is a slow and subtle way. China will emerge as a new economic leader and we will be whatever we will be. I don’t see every engineering job going away or everyone here digging ditches for a living. I think people getting loans on large sums of money at 4 to 5 percent interest may not be in a bad position if inflation does move upward rapidly. I don’t see this being the bottom of the housing market at all but I think most people here wildly underestimate the financial resources OTHER people have in San Diego as well as just how far government is sold out to propping up the market.
I also think that there is going to be people who make an absolute killing off if these conditions. Indeed there already have been. So you can cast doubt, curl up and hide, or you can figure out how to take advantage of the conditions and with hard work an ingenuity, make money.
May 17, 2009 at 12:54 PM #401152SD RealtorParticipantRt66 I know this is not a doomers only post. Actually I think that it is easier to post about gloom and doom then not to. the only person who I have seen postong about it but really ever doing anything about it was someone who talked about going out and buying land several months ago. I am not sure how that came out. Maybe it was partypup but I am not sure.
Arraya posts about it all the time and perhaps ahs taken some steps for preparation as well. Other people talk about having boxes of food in the garage and some investments in gold but in my opinion, if things REALLY play out to where there is serious unrest, menial preparation may be useless. Now if you have defesible land, a well, a couple of gereators with fuel, s network of friends and neighbors with the same, then you have a chance.
Personally my prediction is that some time in the next few years we will be cutoff by our creditors. Much like we are loosing freedom every day, with the current leadership things happen is a slow and subtle way. China will emerge as a new economic leader and we will be whatever we will be. I don’t see every engineering job going away or everyone here digging ditches for a living. I think people getting loans on large sums of money at 4 to 5 percent interest may not be in a bad position if inflation does move upward rapidly. I don’t see this being the bottom of the housing market at all but I think most people here wildly underestimate the financial resources OTHER people have in San Diego as well as just how far government is sold out to propping up the market.
I also think that there is going to be people who make an absolute killing off if these conditions. Indeed there already have been. So you can cast doubt, curl up and hide, or you can figure out how to take advantage of the conditions and with hard work an ingenuity, make money.
May 17, 2009 at 12:54 PM #401300SD RealtorParticipantRt66 I know this is not a doomers only post. Actually I think that it is easier to post about gloom and doom then not to. the only person who I have seen postong about it but really ever doing anything about it was someone who talked about going out and buying land several months ago. I am not sure how that came out. Maybe it was partypup but I am not sure.
Arraya posts about it all the time and perhaps ahs taken some steps for preparation as well. Other people talk about having boxes of food in the garage and some investments in gold but in my opinion, if things REALLY play out to where there is serious unrest, menial preparation may be useless. Now if you have defesible land, a well, a couple of gereators with fuel, s network of friends and neighbors with the same, then you have a chance.
Personally my prediction is that some time in the next few years we will be cutoff by our creditors. Much like we are loosing freedom every day, with the current leadership things happen is a slow and subtle way. China will emerge as a new economic leader and we will be whatever we will be. I don’t see every engineering job going away or everyone here digging ditches for a living. I think people getting loans on large sums of money at 4 to 5 percent interest may not be in a bad position if inflation does move upward rapidly. I don’t see this being the bottom of the housing market at all but I think most people here wildly underestimate the financial resources OTHER people have in San Diego as well as just how far government is sold out to propping up the market.
I also think that there is going to be people who make an absolute killing off if these conditions. Indeed there already have been. So you can cast doubt, curl up and hide, or you can figure out how to take advantage of the conditions and with hard work an ingenuity, make money.
May 17, 2009 at 1:21 PM #400628jpinpbParticipant[quote=davelj] But, my point is, you can’t just analyze the number of folks naturally entering the workforce without taking into account the folks naturally leaving it as well.[/quote]
There’s folks leaving it, but it’s not voluntary.
May 17, 2009 at 1:21 PM #400881jpinpbParticipant[quote=davelj] But, my point is, you can’t just analyze the number of folks naturally entering the workforce without taking into account the folks naturally leaving it as well.[/quote]
There’s folks leaving it, but it’s not voluntary.
May 17, 2009 at 1:21 PM #401116jpinpbParticipant[quote=davelj] But, my point is, you can’t just analyze the number of folks naturally entering the workforce without taking into account the folks naturally leaving it as well.[/quote]
There’s folks leaving it, but it’s not voluntary.
May 17, 2009 at 1:21 PM #401172jpinpbParticipant[quote=davelj] But, my point is, you can’t just analyze the number of folks naturally entering the workforce without taking into account the folks naturally leaving it as well.[/quote]
There’s folks leaving it, but it’s not voluntary.
May 17, 2009 at 1:21 PM #401320jpinpbParticipant[quote=davelj] But, my point is, you can’t just analyze the number of folks naturally entering the workforce without taking into account the folks naturally leaving it as well.[/quote]
There’s folks leaving it, but it’s not voluntary.
May 17, 2009 at 1:24 PM #400633Rt.66Participantdavelj
It’s not my statement but hows a bout we change it to:In many/most cases, either way unprecedented, many forms of debt can no longer be sold as an asset for more than a fraction of the previous determined value of said asset, to the extent that the event is historical?
Happy?
You are not saying anything everyone here does not already know, people have a filter that enables them to look at a statement and perceive the most logical intent of the statement maker. In this case I don’t think so many people see it the way you do.
Sd Realtor.
Well said. Believe it or not I don’t disagree with you so much. I’m in between the “defensible land” and “things will be fine” folks, leaning toward things will be worse than 80% of the population can imagine today. But I look at Japan and in most people’s eyes that’s a 20 year complete train wreck, but not Mad Max by any means either.Temecula being the exception. It’s gonna be the Detroit of CA and is already showing signs. I am already afraid to walk around the new mall without escort (plus it smells funny). New homes are bulldozed, entire new condo complexes are now weed farms with nasty broken chain link gates blocking entry. Schools are closing and MS13 is looking into making an offer to occupy and open a strip club. Beautiful Orange groves are now mowed down stumps or paved over abandoned dreams of more stucco palaces, eerie, surreal places with streets, yards plotted and two foot high block walls, ghostly empty.
RE I think will be the biggest shocker to JSP psyche. And you are right, gloomer news is much easier to find and post about.
May 17, 2009 at 1:24 PM #400887Rt.66Participantdavelj
It’s not my statement but hows a bout we change it to:In many/most cases, either way unprecedented, many forms of debt can no longer be sold as an asset for more than a fraction of the previous determined value of said asset, to the extent that the event is historical?
Happy?
You are not saying anything everyone here does not already know, people have a filter that enables them to look at a statement and perceive the most logical intent of the statement maker. In this case I don’t think so many people see it the way you do.
Sd Realtor.
Well said. Believe it or not I don’t disagree with you so much. I’m in between the “defensible land” and “things will be fine” folks, leaning toward things will be worse than 80% of the population can imagine today. But I look at Japan and in most people’s eyes that’s a 20 year complete train wreck, but not Mad Max by any means either.Temecula being the exception. It’s gonna be the Detroit of CA and is already showing signs. I am already afraid to walk around the new mall without escort (plus it smells funny). New homes are bulldozed, entire new condo complexes are now weed farms with nasty broken chain link gates blocking entry. Schools are closing and MS13 is looking into making an offer to occupy and open a strip club. Beautiful Orange groves are now mowed down stumps or paved over abandoned dreams of more stucco palaces, eerie, surreal places with streets, yards plotted and two foot high block walls, ghostly empty.
RE I think will be the biggest shocker to JSP psyche. And you are right, gloomer news is much easier to find and post about.
May 17, 2009 at 1:24 PM #401121Rt.66Participantdavelj
It’s not my statement but hows a bout we change it to:In many/most cases, either way unprecedented, many forms of debt can no longer be sold as an asset for more than a fraction of the previous determined value of said asset, to the extent that the event is historical?
Happy?
You are not saying anything everyone here does not already know, people have a filter that enables them to look at a statement and perceive the most logical intent of the statement maker. In this case I don’t think so many people see it the way you do.
Sd Realtor.
Well said. Believe it or not I don’t disagree with you so much. I’m in between the “defensible land” and “things will be fine” folks, leaning toward things will be worse than 80% of the population can imagine today. But I look at Japan and in most people’s eyes that’s a 20 year complete train wreck, but not Mad Max by any means either.Temecula being the exception. It’s gonna be the Detroit of CA and is already showing signs. I am already afraid to walk around the new mall without escort (plus it smells funny). New homes are bulldozed, entire new condo complexes are now weed farms with nasty broken chain link gates blocking entry. Schools are closing and MS13 is looking into making an offer to occupy and open a strip club. Beautiful Orange groves are now mowed down stumps or paved over abandoned dreams of more stucco palaces, eerie, surreal places with streets, yards plotted and two foot high block walls, ghostly empty.
RE I think will be the biggest shocker to JSP psyche. And you are right, gloomer news is much easier to find and post about.
May 17, 2009 at 1:24 PM #401177Rt.66Participantdavelj
It’s not my statement but hows a bout we change it to:In many/most cases, either way unprecedented, many forms of debt can no longer be sold as an asset for more than a fraction of the previous determined value of said asset, to the extent that the event is historical?
Happy?
You are not saying anything everyone here does not already know, people have a filter that enables them to look at a statement and perceive the most logical intent of the statement maker. In this case I don’t think so many people see it the way you do.
Sd Realtor.
Well said. Believe it or not I don’t disagree with you so much. I’m in between the “defensible land” and “things will be fine” folks, leaning toward things will be worse than 80% of the population can imagine today. But I look at Japan and in most people’s eyes that’s a 20 year complete train wreck, but not Mad Max by any means either.Temecula being the exception. It’s gonna be the Detroit of CA and is already showing signs. I am already afraid to walk around the new mall without escort (plus it smells funny). New homes are bulldozed, entire new condo complexes are now weed farms with nasty broken chain link gates blocking entry. Schools are closing and MS13 is looking into making an offer to occupy and open a strip club. Beautiful Orange groves are now mowed down stumps or paved over abandoned dreams of more stucco palaces, eerie, surreal places with streets, yards plotted and two foot high block walls, ghostly empty.
RE I think will be the biggest shocker to JSP psyche. And you are right, gloomer news is much easier to find and post about.
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