Reasons to manipulate the California real estate markets

[RB132]

[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.

[RB132]

[quote=KIBU]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.[/quote]

True, the realtors, bank, NAR, with their ML, formed a network and coorelation armed with lot of information to manipulate. We, as an sigle buyer, are only be alble to see the surffice and very easy to be manipulated.

[RB132]

[quote=KIBU]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.[/quote]

True, the realtors, bank, NAR, with their ML, formed a network and coorelation armed with lot of information to manipulate. We, as an sigle buyer, are only be alble to see the surffice and very easy to be manipulated.

[RB132]

[quote=KIBU]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.[/quote]

True, the realtors, bank, NAR, with their ML, formed a network and coorelation armed with lot of information to manipulate. We, as an sigle buyer, are only be alble to see the surffice and very easy to be manipulated.

[RB132]

[quote=KIBU]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.[/quote]

True, the realtors, bank, NAR, with their ML, formed a network and coorelation armed with lot of information to manipulate. We, as an sigle buyer, are only be alble to see the surffice and very easy to be manipulated.

[RB132]

[quote=KIBU]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.[/quote]

True, the realtors, bank, NAR, with their ML, formed a network and coorelation armed with lot of information to manipulate. We, as an sigle buyer, are only be alble to see the surffice and very easy to be manipulated.

[Zeitgeist]

RB132-

You are correct about the reason the politicians loved the bubble because of the tax windfall it brought in and that is why they have done nothing about the tax on gas for the same reason. It is a game, but a losing game to build the economy on speculation. Tulip mania or tulipomania is considered to be one of the first of these and when you read about it, you have to laugh:
http://en.wikipedia.org/wiki/Tulip_mania

[Zeitgeist]

RB132-

You are correct about the reason the politicians loved the bubble because of the tax windfall it brought in and that is why they have done nothing about the tax on gas for the same reason. It is a game, but a losing game to build the economy on speculation. Tulip mania or tulipomania is considered to be one of the first of these and when you read about it, you have to laugh:
http://en.wikipedia.org/wiki/Tulip_mania

[Zeitgeist]

RB132-

You are correct about the reason the politicians loved the bubble because of the tax windfall it brought in and that is why they have done nothing about the tax on gas for the same reason. It is a game, but a losing game to build the economy on speculation. Tulip mania or tulipomania is considered to be one of the first of these and when you read about it, you have to laugh:
http://en.wikipedia.org/wiki/Tulip_mania

[Zeitgeist]

RB132-

You are correct about the reason the politicians loved the bubble because of the tax windfall it brought in and that is why they have done nothing about the tax on gas for the same reason. It is a game, but a losing game to build the economy on speculation. Tulip mania or tulipomania is considered to be one of the first of these and when you read about it, you have to laugh:
http://en.wikipedia.org/wiki/Tulip_mania

[Zeitgeist]

RB132-

You are correct about the reason the politicians loved the bubble because of the tax windfall it brought in and that is why they have done nothing about the tax on gas for the same reason. It is a game, but a losing game to build the economy on speculation. Tulip mania or tulipomania is considered to be one of the first of these and when you read about it, you have to laugh:
http://en.wikipedia.org/wiki/Tulip_mania

[ucodegen]

Economic decline in America will continue as long as real estate values are declining

Statement presumes facts not in evidence. This statement is basically wrong. It assumes a ponzi mentality, ignoring that eventually the person who will live in the house for a while will have to buy it at a higher price (reducing their discretionary income after mortgage payments, discretionary income that buys cars, saves for retirement, buys computers.. etc). Wage has to support the prices of the houses because at some point, you have to have someone new buy in.

4. 40% of the economic activity in Southern California was based on housing

NOT! You are forgetting that Cisco, Sun Micro, Oracle, are primarily located in California, along with BAE, Raythen, Northrup Grumman having a large presence and not to forget Disney, Industrial Light and Magic(), Pixar. I could continue with yet more large companies, facilities etc being in California.. how about JPL – NASA??

The only way to a real recovery is to allow home prices to drop to a sustainable level where people are not spending most of their money just to make the next mortgage payment. With house prices high, just the speculators, banks and government win. Everyone else loses. No value is created by ‘shuffling’ money, and that is all that the governement, banks and speculators really do.

[ucodegen]

Economic decline in America will continue as long as real estate values are declining

Statement presumes facts not in evidence. This statement is basically wrong. It assumes a ponzi mentality, ignoring that eventually the person who will live in the house for a while will have to buy it at a higher price (reducing their discretionary income after mortgage payments, discretionary income that buys cars, saves for retirement, buys computers.. etc). Wage has to support the prices of the houses because at some point, you have to have someone new buy in.

4. 40% of the economic activity in Southern California was based on housing

NOT! You are forgetting that Cisco, Sun Micro, Oracle, are primarily located in California, along with BAE, Raythen, Northrup Grumman having a large presence and not to forget Disney, Industrial Light and Magic(), Pixar. I could continue with yet more large companies, facilities etc being in California.. how about JPL – NASA??

The only way to a real recovery is to allow home prices to drop to a sustainable level where people are not spending most of their money just to make the next mortgage payment. With house prices high, just the speculators, banks and government win. Everyone else loses. No value is created by ‘shuffling’ money, and that is all that the governement, banks and speculators really do.

[ucodegen]

Economic decline in America will continue as long as real estate values are declining

Statement presumes facts not in evidence. This statement is basically wrong. It assumes a ponzi mentality, ignoring that eventually the person who will live in the house for a while will have to buy it at a higher price (reducing their discretionary income after mortgage payments, discretionary income that buys cars, saves for retirement, buys computers.. etc). Wage has to support the prices of the houses because at some point, you have to have someone new buy in.

4. 40% of the economic activity in Southern California was based on housing

NOT! You are forgetting that Cisco, Sun Micro, Oracle, are primarily located in California, along with BAE, Raythen, Northrup Grumman having a large presence and not to forget Disney, Industrial Light and Magic(), Pixar. I could continue with yet more large companies, facilities etc being in California.. how about JPL – NASA??

The only way to a real recovery is to allow home prices to drop to a sustainable level where people are not spending most of their money just to make the next mortgage payment. With house prices high, just the speculators, banks and government win. Everyone else loses. No value is created by ‘shuffling’ money, and that is all that the governement, banks and speculators really do.

[ucodegen]

Economic decline in America will continue as long as real estate values are declining

Statement presumes facts not in evidence. This statement is basically wrong. It assumes a ponzi mentality, ignoring that eventually the person who will live in the house for a while will have to buy it at a higher price (reducing their discretionary income after mortgage payments, discretionary income that buys cars, saves for retirement, buys computers.. etc). Wage has to support the prices of the houses because at some point, you have to have someone new buy in.

4. 40% of the economic activity in Southern California was based on housing

NOT! You are forgetting that Cisco, Sun Micro, Oracle, are primarily located in California, along with BAE, Raythen, Northrup Grumman having a large presence and not to forget Disney, Industrial Light and Magic(), Pixar. I could continue with yet more large companies, facilities etc being in California.. how about JPL – NASA??

The only way to a real recovery is to allow home prices to drop to a sustainable level where people are not spending most of their money just to make the next mortgage payment. With house prices high, just the speculators, banks and government win. Everyone else loses. No value is created by ‘shuffling’ money, and that is all that the governement, banks and speculators really do.

[Author]

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