Real estate addiction

[Nor-LA-SD-guy]

My addiction to piggington’s is less defensible.

Me too !!

But I think you guy’s somehow also got this in the back of your heads as well.

The next great growth industry in SoCal is going to be building elementary schools.
( Or the means to do away with them).

And Daycare centers.

I don’t think people fully realize the demographic time bomb we are sitting on.

Sure recently I turned housing/economy bear again, but long term I see a much different story.

I still see California population growing almost exponentially over the next 10 years.

The U.S. Population is expect to grow from 300 million to 400 million by 2050.

I good part of that I believe will be right here in Socal.

Not saying this is a good thing,

it just is.

[scaredyclassic]

i know the cure for real estate addiction:

allowing market forces to bring some real pain and reveal some real risk to playing with heavily leveraged assets.

clearly there hasn’t been enough pain if it still seems like it might be a good idea to get leveraged now.

just my feeling…I talk to so many people who continue to feel so optimistic about real estate. there needs to be more fear at a real bottom, i think….

[scaredyclassic]

i know the cure for real estate addiction:

allowing market forces to bring some real pain and reveal some real risk to playing with heavily leveraged assets.

clearly there hasn’t been enough pain if it still seems like it might be a good idea to get leveraged now.

just my feeling…I talk to so many people who continue to feel so optimistic about real estate. there needs to be more fear at a real bottom, i think….

[scaredyclassic]

i know the cure for real estate addiction:

allowing market forces to bring some real pain and reveal some real risk to playing with heavily leveraged assets.

clearly there hasn’t been enough pain if it still seems like it might be a good idea to get leveraged now.

just my feeling…I talk to so many people who continue to feel so optimistic about real estate. there needs to be more fear at a real bottom, i think….

[scaredyclassic]

i know the cure for real estate addiction:

allowing market forces to bring some real pain and reveal some real risk to playing with heavily leveraged assets.

clearly there hasn’t been enough pain if it still seems like it might be a good idea to get leveraged now.

just my feeling…I talk to so many people who continue to feel so optimistic about real estate. there needs to be more fear at a real bottom, i think….

[scaredyclassic]

i know the cure for real estate addiction:

allowing market forces to bring some real pain and reveal some real risk to playing with heavily leveraged assets.

clearly there hasn’t been enough pain if it still seems like it might be a good idea to get leveraged now.

just my feeling…I talk to so many people who continue to feel so optimistic about real estate. there needs to be more fear at a real bottom, i think….

[CA renter]

[quote=scaredycat]i know the cure for real estate addiction:

allowing market forces to bring some real pain and reveal some real risk to playing with heavily leveraged assets.

clearly there hasn’t been enough pain if it still seems like it might be a good idea to get leveraged now.

just my feeling…I talk to so many people who continue to feel so optimistic about real estate. there needs to be more fear at a real bottom, i think….[/quote]

Most definitely, scaredy. If this is “the worst recession since the Great Depression,” then bring on another and another. People are still spending as much as they ever did, and they are still getting deeper in debt. Everyone thinks housing is the path to riches, and that the 2007-2008 dip was just a brief blip on the radar. Flippers and specuvestors are out in full force, and people are bidding things up because they fear they will be “priced out…FOREVER!”

This most definitely doesn’t feel like a bottom to me.

[CA renter]

[quote=scaredycat]i know the cure for real estate addiction:

allowing market forces to bring some real pain and reveal some real risk to playing with heavily leveraged assets.

clearly there hasn’t been enough pain if it still seems like it might be a good idea to get leveraged now.

just my feeling…I talk to so many people who continue to feel so optimistic about real estate. there needs to be more fear at a real bottom, i think….[/quote]

Most definitely, scaredy. If this is “the worst recession since the Great Depression,” then bring on another and another. People are still spending as much as they ever did, and they are still getting deeper in debt. Everyone thinks housing is the path to riches, and that the 2007-2008 dip was just a brief blip on the radar. Flippers and specuvestors are out in full force, and people are bidding things up because they fear they will be “priced out…FOREVER!”

This most definitely doesn’t feel like a bottom to me.

[CA renter]

[quote=scaredycat]i know the cure for real estate addiction:

allowing market forces to bring some real pain and reveal some real risk to playing with heavily leveraged assets.

clearly there hasn’t been enough pain if it still seems like it might be a good idea to get leveraged now.

just my feeling…I talk to so many people who continue to feel so optimistic about real estate. there needs to be more fear at a real bottom, i think….[/quote]

Most definitely, scaredy. If this is “the worst recession since the Great Depression,” then bring on another and another. People are still spending as much as they ever did, and they are still getting deeper in debt. Everyone thinks housing is the path to riches, and that the 2007-2008 dip was just a brief blip on the radar. Flippers and specuvestors are out in full force, and people are bidding things up because they fear they will be “priced out…FOREVER!”

This most definitely doesn’t feel like a bottom to me.

[CA renter]

[quote=scaredycat]i know the cure for real estate addiction:

allowing market forces to bring some real pain and reveal some real risk to playing with heavily leveraged assets.

clearly there hasn’t been enough pain if it still seems like it might be a good idea to get leveraged now.

just my feeling…I talk to so many people who continue to feel so optimistic about real estate. there needs to be more fear at a real bottom, i think….[/quote]

Most definitely, scaredy. If this is “the worst recession since the Great Depression,” then bring on another and another. People are still spending as much as they ever did, and they are still getting deeper in debt. Everyone thinks housing is the path to riches, and that the 2007-2008 dip was just a brief blip on the radar. Flippers and specuvestors are out in full force, and people are bidding things up because they fear they will be “priced out…FOREVER!”

This most definitely doesn’t feel like a bottom to me.

[CA renter]

[quote=scaredycat]i know the cure for real estate addiction:

allowing market forces to bring some real pain and reveal some real risk to playing with heavily leveraged assets.

clearly there hasn’t been enough pain if it still seems like it might be a good idea to get leveraged now.

just my feeling…I talk to so many people who continue to feel so optimistic about real estate. there needs to be more fear at a real bottom, i think….[/quote]

Most definitely, scaredy. If this is “the worst recession since the Great Depression,” then bring on another and another. People are still spending as much as they ever did, and they are still getting deeper in debt. Everyone thinks housing is the path to riches, and that the 2007-2008 dip was just a brief blip on the radar. Flippers and specuvestors are out in full force, and people are bidding things up because they fear they will be “priced out…FOREVER!”

This most definitely doesn’t feel like a bottom to me.

[scaredyclassic]

read the gold chat boards. it’s the same thing. people really are scared of being “priced out forever” in gold…or at least being forced to buy fractionals instead of ounces

[scaredyclassic]

read the gold chat boards. it’s the same thing. people really are scared of being “priced out forever” in gold…or at least being forced to buy fractionals instead of ounces

[scaredyclassic]

read the gold chat boards. it’s the same thing. people really are scared of being “priced out forever” in gold…or at least being forced to buy fractionals instead of ounces

[scaredyclassic]

read the gold chat boards. it’s the same thing. people really are scared of being “priced out forever” in gold…or at least being forced to buy fractionals instead of ounces

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