SAIC – effect on housing

[creechrr]

[quote=freshman]

Fed $8000 credit will expire on Dec 1, 2009 and it is for first time buyer only. They are talking to extend this plan for few more months…. or not, keep eyes on the news.

CA $10K has been used up already !!! don’t think about it.

Artifically low interst rate will be gone after end of Oct ! because Fed won’t buy the securities after end of Oct. If investors put money on bond, then the rate may be kept in low level. But if they jump to stock market, not sure how high the mortgage rate will go and how the house price will drop further. You can either buy a cheaper house or lock a lower rate I guess.[/quote]

Not quite that simple. There’s been talk about extending the $8K First Time Buyer credit another year and increasing the amount to $15K.

At this point the Fed does pretty much what the Fed wants. They may or may not keep buying.

Bottom line, the Gov’t/Fed shouldn’t be involved in housing. The more involvement, the more distortion. What we are seeing is essentially economic warfare declared on the working class by the “rich”. All helped along by the “me first” mentallity of the “boomers” are whatever you’d like to call the older class. It’s not a financial problem, it’s a cultural problem.

One of paradigms that I encounter on a daily bais is that of, “I’m entitle to it”. The one thing they keep forgetting or just want to ignore is that resources are limited. The more poeple at the table, the smaller your individual piece of the pie.

As the worlds population grows more people will be the table. As much as our gov’t preaches global equality, human rights, health, wealth and prosperity for all, it can’t happen. The policies and the feel good speeches are at odds with each other demonstrating that the gov’t clearly understands that fact. They keep us chasing the scraps while they feast.

We’re all so worried about terrorism, global warming, having the latest and greatest gadget/clothes/granite counter tops/SS appliances that we as a whole don’t notice much. In the last decade, we’ve had the Patriot Act, Bankruptcy Act of 2005, TARP, and it appears as though B of A was forced to buy Merril Lynch. All without much interest of the general populace.

I really think that as time passes, a large number of recent home “owners” are going to be kicking themselves. They are going to realize that they don’t really own anything. The home and the gov’t/banks by proxy will really own them.

I reaize that this text is probably a little disjointed as I feverishly write this during a break but, I really urge everyone to give it some thought.

[creechrr]

[quote=freshman]

Fed $8000 credit will expire on Dec 1, 2009 and it is for first time buyer only. They are talking to extend this plan for few more months…. or not, keep eyes on the news.

CA $10K has been used up already !!! don’t think about it.

Artifically low interst rate will be gone after end of Oct ! because Fed won’t buy the securities after end of Oct. If investors put money on bond, then the rate may be kept in low level. But if they jump to stock market, not sure how high the mortgage rate will go and how the house price will drop further. You can either buy a cheaper house or lock a lower rate I guess.[/quote]

Not quite that simple. There’s been talk about extending the $8K First Time Buyer credit another year and increasing the amount to $15K.

At this point the Fed does pretty much what the Fed wants. They may or may not keep buying.

Bottom line, the Gov’t/Fed shouldn’t be involved in housing. The more involvement, the more distortion. What we are seeing is essentially economic warfare declared on the working class by the “rich”. All helped along by the “me first” mentallity of the “boomers” are whatever you’d like to call the older class. It’s not a financial problem, it’s a cultural problem.

One of paradigms that I encounter on a daily bais is that of, “I’m entitle to it”. The one thing they keep forgetting or just want to ignore is that resources are limited. The more poeple at the table, the smaller your individual piece of the pie.

As the worlds population grows more people will be the table. As much as our gov’t preaches global equality, human rights, health, wealth and prosperity for all, it can’t happen. The policies and the feel good speeches are at odds with each other demonstrating that the gov’t clearly understands that fact. They keep us chasing the scraps while they feast.

We’re all so worried about terrorism, global warming, having the latest and greatest gadget/clothes/granite counter tops/SS appliances that we as a whole don’t notice much. In the last decade, we’ve had the Patriot Act, Bankruptcy Act of 2005, TARP, and it appears as though B of A was forced to buy Merril Lynch. All without much interest of the general populace.

I really think that as time passes, a large number of recent home “owners” are going to be kicking themselves. They are going to realize that they don’t really own anything. The home and the gov’t/banks by proxy will really own them.

I reaize that this text is probably a little disjointed as I feverishly write this during a break but, I really urge everyone to give it some thought.

[creechrr]

[quote=freshman]

Fed $8000 credit will expire on Dec 1, 2009 and it is for first time buyer only. They are talking to extend this plan for few more months…. or not, keep eyes on the news.

CA $10K has been used up already !!! don’t think about it.

Artifically low interst rate will be gone after end of Oct ! because Fed won’t buy the securities after end of Oct. If investors put money on bond, then the rate may be kept in low level. But if they jump to stock market, not sure how high the mortgage rate will go and how the house price will drop further. You can either buy a cheaper house or lock a lower rate I guess.[/quote]

Not quite that simple. There’s been talk about extending the $8K First Time Buyer credit another year and increasing the amount to $15K.

At this point the Fed does pretty much what the Fed wants. They may or may not keep buying.

Bottom line, the Gov’t/Fed shouldn’t be involved in housing. The more involvement, the more distortion. What we are seeing is essentially economic warfare declared on the working class by the “rich”. All helped along by the “me first” mentallity of the “boomers” are whatever you’d like to call the older class. It’s not a financial problem, it’s a cultural problem.

One of paradigms that I encounter on a daily bais is that of, “I’m entitle to it”. The one thing they keep forgetting or just want to ignore is that resources are limited. The more poeple at the table, the smaller your individual piece of the pie.

As the worlds population grows more people will be the table. As much as our gov’t preaches global equality, human rights, health, wealth and prosperity for all, it can’t happen. The policies and the feel good speeches are at odds with each other demonstrating that the gov’t clearly understands that fact. They keep us chasing the scraps while they feast.

We’re all so worried about terrorism, global warming, having the latest and greatest gadget/clothes/granite counter tops/SS appliances that we as a whole don’t notice much. In the last decade, we’ve had the Patriot Act, Bankruptcy Act of 2005, TARP, and it appears as though B of A was forced to buy Merril Lynch. All without much interest of the general populace.

I really think that as time passes, a large number of recent home “owners” are going to be kicking themselves. They are going to realize that they don’t really own anything. The home and the gov’t/banks by proxy will really own them.

I reaize that this text is probably a little disjointed as I feverishly write this during a break but, I really urge everyone to give it some thought.

[creechrr]

[quote=freshman]

Fed $8000 credit will expire on Dec 1, 2009 and it is for first time buyer only. They are talking to extend this plan for few more months…. or not, keep eyes on the news.

CA $10K has been used up already !!! don’t think about it.

Artifically low interst rate will be gone after end of Oct ! because Fed won’t buy the securities after end of Oct. If investors put money on bond, then the rate may be kept in low level. But if they jump to stock market, not sure how high the mortgage rate will go and how the house price will drop further. You can either buy a cheaper house or lock a lower rate I guess.[/quote]

Not quite that simple. There’s been talk about extending the $8K First Time Buyer credit another year and increasing the amount to $15K.

At this point the Fed does pretty much what the Fed wants. They may or may not keep buying.

Bottom line, the Gov’t/Fed shouldn’t be involved in housing. The more involvement, the more distortion. What we are seeing is essentially economic warfare declared on the working class by the “rich”. All helped along by the “me first” mentallity of the “boomers” are whatever you’d like to call the older class. It’s not a financial problem, it’s a cultural problem.

One of paradigms that I encounter on a daily bais is that of, “I’m entitle to it”. The one thing they keep forgetting or just want to ignore is that resources are limited. The more poeple at the table, the smaller your individual piece of the pie.

As the worlds population grows more people will be the table. As much as our gov’t preaches global equality, human rights, health, wealth and prosperity for all, it can’t happen. The policies and the feel good speeches are at odds with each other demonstrating that the gov’t clearly understands that fact. They keep us chasing the scraps while they feast.

We’re all so worried about terrorism, global warming, having the latest and greatest gadget/clothes/granite counter tops/SS appliances that we as a whole don’t notice much. In the last decade, we’ve had the Patriot Act, Bankruptcy Act of 2005, TARP, and it appears as though B of A was forced to buy Merril Lynch. All without much interest of the general populace.

I really think that as time passes, a large number of recent home “owners” are going to be kicking themselves. They are going to realize that they don’t really own anything. The home and the gov’t/banks by proxy will really own them.

I reaize that this text is probably a little disjointed as I feverishly write this during a break but, I really urge everyone to give it some thought.

[creechrr]

[quote=freshman]

Fed $8000 credit will expire on Dec 1, 2009 and it is for first time buyer only. They are talking to extend this plan for few more months…. or not, keep eyes on the news.

CA $10K has been used up already !!! don’t think about it.

Artifically low interst rate will be gone after end of Oct ! because Fed won’t buy the securities after end of Oct. If investors put money on bond, then the rate may be kept in low level. But if they jump to stock market, not sure how high the mortgage rate will go and how the house price will drop further. You can either buy a cheaper house or lock a lower rate I guess.[/quote]

Not quite that simple. There’s been talk about extending the $8K First Time Buyer credit another year and increasing the amount to $15K.

At this point the Fed does pretty much what the Fed wants. They may or may not keep buying.

Bottom line, the Gov’t/Fed shouldn’t be involved in housing. The more involvement, the more distortion. What we are seeing is essentially economic warfare declared on the working class by the “rich”. All helped along by the “me first” mentallity of the “boomers” are whatever you’d like to call the older class. It’s not a financial problem, it’s a cultural problem.

One of paradigms that I encounter on a daily bais is that of, “I’m entitle to it”. The one thing they keep forgetting or just want to ignore is that resources are limited. The more poeple at the table, the smaller your individual piece of the pie.

As the worlds population grows more people will be the table. As much as our gov’t preaches global equality, human rights, health, wealth and prosperity for all, it can’t happen. The policies and the feel good speeches are at odds with each other demonstrating that the gov’t clearly understands that fact. They keep us chasing the scraps while they feast.

We’re all so worried about terrorism, global warming, having the latest and greatest gadget/clothes/granite counter tops/SS appliances that we as a whole don’t notice much. In the last decade, we’ve had the Patriot Act, Bankruptcy Act of 2005, TARP, and it appears as though B of A was forced to buy Merril Lynch. All without much interest of the general populace.

I really think that as time passes, a large number of recent home “owners” are going to be kicking themselves. They are going to realize that they don’t really own anything. The home and the gov’t/banks by proxy will really own them.

I reaize that this text is probably a little disjointed as I feverishly write this during a break but, I really urge everyone to give it some thought.

[creechrr]

[quote=freshman]

Fed $8000 credit will expire on Dec 1, 2009 and it is for first time buyer only. They are talking to extend this plan for few more months…. or not, keep eyes on the news.

CA $10K has been used up already !!! don’t think about it.

Artifically low interst rate will be gone after end of Oct ! because Fed won’t buy the securities after end of Oct. If investors put money on bond, then the rate may be kept in low level. But if they jump to stock market, not sure how high the mortgage rate will go and how the house price will drop further. You can either buy a cheaper house or lock a lower rate I guess.[/quote]

Not quite that simple. There’s been talk about extending the $8K First Time Buyer credit another year and increasing the amount to $15K.

At this point the Fed does pretty much what the Fed wants. They may or may not keep buying.

Bottom line, the Gov’t/Fed shouldn’t be involved in housing. The more involvement, the more distortion. What we are seeing is essentially economic warfare declared on the working class by the “rich”. All helped along by the “me first” mentallity of the “boomers” are whatever you’d like to call the older class. It’s not a financial problem, it’s a cultural problem.

One of paradigms that I encounter on a daily bais is that of, “I’m entitle to it”. The one thing they keep forgetting or just want to ignore is that resources are limited. The more poeple at the table, the smaller your individual piece of the pie.

As the worlds population grows more people will be the table. As much as our gov’t preaches global equality, human rights, health, wealth and prosperity for all, it can’t happen. The policies and the feel good speeches are at odds with each other demonstrating that the gov’t clearly understands that fact. They keep us chasing the scraps while they feast.

We’re all so worried about terrorism, global warming, having the latest and greatest gadget/clothes/granite counter tops/SS appliances that we as a whole don’t notice much. In the last decade, we’ve had the Patriot Act, Bankruptcy Act of 2005, TARP, and it appears as though B of A was forced to buy Merril Lynch. All without much interest of the general populace.

I really think that as time passes, a large number of recent home “owners” are going to be kicking themselves. They are going to realize that they don’t really own anything. The home and the gov’t/banks by proxy will really own them.

I reaize that this text is probably a little disjointed as I feverishly write this during a break but, I really urge everyone to give it some thought.

[freshman]

What a negative thought…

Each country has its own attritude and importance to survive in this world. Like US consumes a lot and China produces a lot, it is a circle. If US fails, China will be in trouble, no more US troops to “protect” peace in Afghanistan…. The rich cannot survive without the poor. America cannot survive if he kicks out all illegal immigrants or foreign workers.

If you look back to 30 years ago, how many crisis, bubbles, SARS happened ? after that, life still goes on. I remembered I still needed to go to the class after the date of 911. SARS in Asia, people think it was end of world. Now, the house price in china goes up crazy even US house price drops. Price and salary still goes up after the bad time. A downhill is another uphill coming. No matter how bad the situation is , the world is still running, it won’t wait for anyone.

More people on table won’t get smaller piece of pie because the non-competitive one will be kicked out of the table. It is cruel but it is real life. Human will fight for their own good or look for another way out.

People in CA flee to other states because of high tax, expensive house… but there are still many people moving into CA. Why ? nice weather, beach even earthquake. Even house price drops now , it will eventually go back to the level of 2006-2007, and pass this level afterward.

[freshman]

What a negative thought…

Each country has its own attritude and importance to survive in this world. Like US consumes a lot and China produces a lot, it is a circle. If US fails, China will be in trouble, no more US troops to “protect” peace in Afghanistan…. The rich cannot survive without the poor. America cannot survive if he kicks out all illegal immigrants or foreign workers.

If you look back to 30 years ago, how many crisis, bubbles, SARS happened ? after that, life still goes on. I remembered I still needed to go to the class after the date of 911. SARS in Asia, people think it was end of world. Now, the house price in china goes up crazy even US house price drops. Price and salary still goes up after the bad time. A downhill is another uphill coming. No matter how bad the situation is , the world is still running, it won’t wait for anyone.

More people on table won’t get smaller piece of pie because the non-competitive one will be kicked out of the table. It is cruel but it is real life. Human will fight for their own good or look for another way out.

People in CA flee to other states because of high tax, expensive house… but there are still many people moving into CA. Why ? nice weather, beach even earthquake. Even house price drops now , it will eventually go back to the level of 2006-2007, and pass this level afterward.

[freshman]

What a negative thought…

Each country has its own attritude and importance to survive in this world. Like US consumes a lot and China produces a lot, it is a circle. If US fails, China will be in trouble, no more US troops to “protect” peace in Afghanistan…. The rich cannot survive without the poor. America cannot survive if he kicks out all illegal immigrants or foreign workers.

If you look back to 30 years ago, how many crisis, bubbles, SARS happened ? after that, life still goes on. I remembered I still needed to go to the class after the date of 911. SARS in Asia, people think it was end of world. Now, the house price in china goes up crazy even US house price drops. Price and salary still goes up after the bad time. A downhill is another uphill coming. No matter how bad the situation is , the world is still running, it won’t wait for anyone.

More people on table won’t get smaller piece of pie because the non-competitive one will be kicked out of the table. It is cruel but it is real life. Human will fight for their own good or look for another way out.

People in CA flee to other states because of high tax, expensive house… but there are still many people moving into CA. Why ? nice weather, beach even earthquake. Even house price drops now , it will eventually go back to the level of 2006-2007, and pass this level afterward.

[freshman]

What a negative thought…

Each country has its own attritude and importance to survive in this world. Like US consumes a lot and China produces a lot, it is a circle. If US fails, China will be in trouble, no more US troops to “protect” peace in Afghanistan…. The rich cannot survive without the poor. America cannot survive if he kicks out all illegal immigrants or foreign workers.

If you look back to 30 years ago, how many crisis, bubbles, SARS happened ? after that, life still goes on. I remembered I still needed to go to the class after the date of 911. SARS in Asia, people think it was end of world. Now, the house price in china goes up crazy even US house price drops. Price and salary still goes up after the bad time. A downhill is another uphill coming. No matter how bad the situation is , the world is still running, it won’t wait for anyone.

More people on table won’t get smaller piece of pie because the non-competitive one will be kicked out of the table. It is cruel but it is real life. Human will fight for their own good or look for another way out.

People in CA flee to other states because of high tax, expensive house… but there are still many people moving into CA. Why ? nice weather, beach even earthquake. Even house price drops now , it will eventually go back to the level of 2006-2007, and pass this level afterward.

[freshman]

What a negative thought…

Each country has its own attritude and importance to survive in this world. Like US consumes a lot and China produces a lot, it is a circle. If US fails, China will be in trouble, no more US troops to “protect” peace in Afghanistan…. The rich cannot survive without the poor. America cannot survive if he kicks out all illegal immigrants or foreign workers.

If you look back to 30 years ago, how many crisis, bubbles, SARS happened ? after that, life still goes on. I remembered I still needed to go to the class after the date of 911. SARS in Asia, people think it was end of world. Now, the house price in china goes up crazy even US house price drops. Price and salary still goes up after the bad time. A downhill is another uphill coming. No matter how bad the situation is , the world is still running, it won’t wait for anyone.

More people on table won’t get smaller piece of pie because the non-competitive one will be kicked out of the table. It is cruel but it is real life. Human will fight for their own good or look for another way out.

People in CA flee to other states because of high tax, expensive house… but there are still many people moving into CA. Why ? nice weather, beach even earthquake. Even house price drops now , it will eventually go back to the level of 2006-2007, and pass this level afterward.

[sdgrrl]

My fiance works for SAIC at the SPAWAR location and not the LJ one. I called him yesterday when I saw the article on SignOn. No one there had heard anything about it, but it definitely doesn’t mean its not true.

Today, no one is sweating the news. He thinks the high level admin people we’ll leave, but they have so much work in SD that its not very likely the entire SD operation will be shot down. In fact it would be pretty stupid for them to leave and they have contracts already funded.

We live in Mission Hills. Sure a lot of folks live around the 805, but a lot of the people are retired career military who bought over 20 years ago. They have homes in La Jolla, Coronado, Kearny and all over. My guy is 35 and one of the younger ones there.

[sdgrrl]

My fiance works for SAIC at the SPAWAR location and not the LJ one. I called him yesterday when I saw the article on SignOn. No one there had heard anything about it, but it definitely doesn’t mean its not true.

Today, no one is sweating the news. He thinks the high level admin people we’ll leave, but they have so much work in SD that its not very likely the entire SD operation will be shot down. In fact it would be pretty stupid for them to leave and they have contracts already funded.

We live in Mission Hills. Sure a lot of folks live around the 805, but a lot of the people are retired career military who bought over 20 years ago. They have homes in La Jolla, Coronado, Kearny and all over. My guy is 35 and one of the younger ones there.

[sdgrrl]

My fiance works for SAIC at the SPAWAR location and not the LJ one. I called him yesterday when I saw the article on SignOn. No one there had heard anything about it, but it definitely doesn’t mean its not true.

Today, no one is sweating the news. He thinks the high level admin people we’ll leave, but they have so much work in SD that its not very likely the entire SD operation will be shot down. In fact it would be pretty stupid for them to leave and they have contracts already funded.

We live in Mission Hills. Sure a lot of folks live around the 805, but a lot of the people are retired career military who bought over 20 years ago. They have homes in La Jolla, Coronado, Kearny and all over. My guy is 35 and one of the younger ones there.

[sdgrrl]

My fiance works for SAIC at the SPAWAR location and not the LJ one. I called him yesterday when I saw the article on SignOn. No one there had heard anything about it, but it definitely doesn’t mean its not true.

Today, no one is sweating the news. He thinks the high level admin people we’ll leave, but they have so much work in SD that its not very likely the entire SD operation will be shot down. In fact it would be pretty stupid for them to leave and they have contracts already funded.

We live in Mission Hills. Sure a lot of folks live around the 805, but a lot of the people are retired career military who bought over 20 years ago. They have homes in La Jolla, Coronado, Kearny and all over. My guy is 35 and one of the younger ones there.

[Author]

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