Home › Forums › Financial Markets/Economics › Reasons to manipulate the California real estate markets
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July 19, 2009 at 9:11 AM #434473July 19, 2009 at 9:20 AM #433724KIBUParticipant
Buyerwillepb, I think the concern you raised is too much of a long term goal for them to handle. That would be far way down the road and not their immediate concerns which is to prevent a big crash locally that could affect nationwide.
I believe that unfortunately, we are viewed as a trend setter, price setter and the banks are willing to take some loss here locally, for example, holding a bag of inventory in order to hold on as long as they can on the price front or manipulate price with slow release and bidding practices among other things.
Again, my sixth sense says that banks have many tools at their disposal and many advantages to do this and you as an individual buyer will continue to function within their manipulation.
July 19, 2009 at 9:20 AM #433928KIBUParticipantBuyerwillepb, I think the concern you raised is too much of a long term goal for them to handle. That would be far way down the road and not their immediate concerns which is to prevent a big crash locally that could affect nationwide.
I believe that unfortunately, we are viewed as a trend setter, price setter and the banks are willing to take some loss here locally, for example, holding a bag of inventory in order to hold on as long as they can on the price front or manipulate price with slow release and bidding practices among other things.
Again, my sixth sense says that banks have many tools at their disposal and many advantages to do this and you as an individual buyer will continue to function within their manipulation.
July 19, 2009 at 9:20 AM #434240KIBUParticipantBuyerwillepb, I think the concern you raised is too much of a long term goal for them to handle. That would be far way down the road and not their immediate concerns which is to prevent a big crash locally that could affect nationwide.
I believe that unfortunately, we are viewed as a trend setter, price setter and the banks are willing to take some loss here locally, for example, holding a bag of inventory in order to hold on as long as they can on the price front or manipulate price with slow release and bidding practices among other things.
Again, my sixth sense says that banks have many tools at their disposal and many advantages to do this and you as an individual buyer will continue to function within their manipulation.
July 19, 2009 at 9:20 AM #434310KIBUParticipantBuyerwillepb, I think the concern you raised is too much of a long term goal for them to handle. That would be far way down the road and not their immediate concerns which is to prevent a big crash locally that could affect nationwide.
I believe that unfortunately, we are viewed as a trend setter, price setter and the banks are willing to take some loss here locally, for example, holding a bag of inventory in order to hold on as long as they can on the price front or manipulate price with slow release and bidding practices among other things.
Again, my sixth sense says that banks have many tools at their disposal and many advantages to do this and you as an individual buyer will continue to function within their manipulation.
July 19, 2009 at 9:20 AM #434478KIBUParticipantBuyerwillepb, I think the concern you raised is too much of a long term goal for them to handle. That would be far way down the road and not their immediate concerns which is to prevent a big crash locally that could affect nationwide.
I believe that unfortunately, we are viewed as a trend setter, price setter and the banks are willing to take some loss here locally, for example, holding a bag of inventory in order to hold on as long as they can on the price front or manipulate price with slow release and bidding practices among other things.
Again, my sixth sense says that banks have many tools at their disposal and many advantages to do this and you as an individual buyer will continue to function within their manipulation.
July 19, 2009 at 9:41 AM #433709KIBUParticipantI have the exact thinking about their focus on California, especially SanDiego! The eyes have been looking at the california market and we know that the banks are national, not local. They must think on the grand scale of their national interest.
July 19, 2009 at 9:41 AM #433913KIBUParticipantI have the exact thinking about their focus on California, especially SanDiego! The eyes have been looking at the california market and we know that the banks are national, not local. They must think on the grand scale of their national interest.
July 19, 2009 at 9:41 AM #434225KIBUParticipantI have the exact thinking about their focus on California, especially SanDiego! The eyes have been looking at the california market and we know that the banks are national, not local. They must think on the grand scale of their national interest.
July 19, 2009 at 9:41 AM #434296KIBUParticipantI have the exact thinking about their focus on California, especially SanDiego! The eyes have been looking at the california market and we know that the banks are national, not local. They must think on the grand scale of their national interest.
July 19, 2009 at 9:41 AM #434463KIBUParticipantI have the exact thinking about their focus on California, especially SanDiego! The eyes have been looking at the california market and we know that the banks are national, not local. They must think on the grand scale of their national interest.
July 19, 2009 at 10:06 AM #433729RB132Participant[quote=BuyerWillEPB]You bring up some valid points. But I see one flaw in your reasoning.
Wouldn’t you also agree that future growth and prosperity lies with the next generation? If the fraudulent high real estate prices are allowed (manipulated as you say) to remain, then the entire next generation will never be able to participate. During the RE craze, the next generation was “priced out forever” remember? The children and grandchildren must find affordable housing, and they will. Hence, any and all efforts to manipulate the high housing prices are doomed to failure.[/quote]
This is abslutely true. However, except the future generation, renters, and potential home buyers, no one really cares about future. Actually, every else love this housing bubble: tax collectors, Fed and state gov., local politicians, realtors, all sorts of businessmen, home owners, on and on. Just like Wallstreet, it is the game to make good life by someone else’s money.
July 19, 2009 at 10:06 AM #433933RB132Participant[quote=BuyerWillEPB]You bring up some valid points. But I see one flaw in your reasoning.
Wouldn’t you also agree that future growth and prosperity lies with the next generation? If the fraudulent high real estate prices are allowed (manipulated as you say) to remain, then the entire next generation will never be able to participate. During the RE craze, the next generation was “priced out forever” remember? The children and grandchildren must find affordable housing, and they will. Hence, any and all efforts to manipulate the high housing prices are doomed to failure.[/quote]
This is abslutely true. However, except the future generation, renters, and potential home buyers, no one really cares about future. Actually, every else love this housing bubble: tax collectors, Fed and state gov., local politicians, realtors, all sorts of businessmen, home owners, on and on. Just like Wallstreet, it is the game to make good life by someone else’s money.
July 19, 2009 at 10:06 AM #434245RB132Participant[quote=BuyerWillEPB]You bring up some valid points. But I see one flaw in your reasoning.
Wouldn’t you also agree that future growth and prosperity lies with the next generation? If the fraudulent high real estate prices are allowed (manipulated as you say) to remain, then the entire next generation will never be able to participate. During the RE craze, the next generation was “priced out forever” remember? The children and grandchildren must find affordable housing, and they will. Hence, any and all efforts to manipulate the high housing prices are doomed to failure.[/quote]
This is abslutely true. However, except the future generation, renters, and potential home buyers, no one really cares about future. Actually, every else love this housing bubble: tax collectors, Fed and state gov., local politicians, realtors, all sorts of businessmen, home owners, on and on. Just like Wallstreet, it is the game to make good life by someone else’s money.
July 19, 2009 at 10:06 AM #434315RB132Participant[quote=BuyerWillEPB]You bring up some valid points. But I see one flaw in your reasoning.
Wouldn’t you also agree that future growth and prosperity lies with the next generation? If the fraudulent high real estate prices are allowed (manipulated as you say) to remain, then the entire next generation will never be able to participate. During the RE craze, the next generation was “priced out forever” remember? The children and grandchildren must find affordable housing, and they will. Hence, any and all efforts to manipulate the high housing prices are doomed to failure.[/quote]
This is abslutely true. However, except the future generation, renters, and potential home buyers, no one really cares about future. Actually, every else love this housing bubble: tax collectors, Fed and state gov., local politicians, realtors, all sorts of businessmen, home owners, on and on. Just like Wallstreet, it is the game to make good life by someone else’s money.
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