Menu

Home › Forums › Housing › San Diego Housing Still Overpriced

Viewing 15 posts - 16 through 30 (of 76 total)
1 2 3 4 5 6
  • Author
    Posts
  • March 28, 2009 at 12:49 PM #374748
    davelj
    Participant

    *********************

    2. Baby boomers who did save* will have to be fleeced to pay for the baby boomers who didn’t save*. Easiest to do this through a combination of inflation and taxation.

    or

    3. Younger workers will have to pay much higher taxes to pay for the baby boomers’ ability to spend their time as they wish, and for their travel, golf games, chemotherapies etc.

    **********************

    I know the AARP will never allow this to happen, but… we can solve the social security/medicare funding issues with one change: Raise the age at which folks can start claiming benefits to 70. Problem solved. Taxes can remain where they are. It’s amazing that this whole funding issue could be solved by merely raising the “retirement” age by 5 years, but dem’s da facts. Again, the AARP will fight it tooth and nail, so… it’s a tough sell. Also, imagine the increased productivity from turning millions of older folks into net producers, as opposed to net beneficiaries, for five years. It would be meaningful. So, let’s get all of these old farts off their asses and working for a few more years before their benefits kick in.

    March 28, 2009 at 2:05 PM #374145
    CA renter
    Participant

    Agree with all your points, patientrenter. Good post.

    March 28, 2009 at 2:05 PM #374427
    CA renter
    Participant

    Agree with all your points, patientrenter. Good post.

    March 28, 2009 at 2:05 PM #374600
    CA renter
    Participant

    Agree with all your points, patientrenter. Good post.

    March 28, 2009 at 2:05 PM #374644
    CA renter
    Participant

    Agree with all your points, patientrenter. Good post.

    March 28, 2009 at 2:05 PM #374763
    CA renter
    Participant

    Agree with all your points, patientrenter. Good post.

    March 28, 2009 at 4:59 PM #374181
    SD Realtor
    Participant

    They are all very good points. However there is a rally going on and it is very frustrating. Yep all these measures will do is to prolong the secular downtrend. Which in reality is the objective here. As stupid as we like to think the government is, they know what they can and cannot do. All they want to do is slow things down. The rally IMO has is not confined to the low end. IMO it has spread to mid level homes in the 500-700k range as well. The high end is still getting simply crushed however.

    Again, if you are looking to buy this spring it is as competitive as I have seen in a few years. Sit back and don’t look at things for awhile or come back next year and try again. Or… deal with it and compete. It is an extremely frustrating time for buyers and the best bet is to let this rally play out. I am hoping that by midsummer we will regain some normalcy. Those in waiting have unemployment and a large foreclosure pipeline. However the foreclosure pipeline will be mitigated partially by the public/private plan where those homes are essentially removed from the books of the banks by private investors backed by your tax money. Then those private investors get to sell and make a profit.

    In the end… yes San Diego housing is still overpriced in a big way.

    March 28, 2009 at 4:59 PM #374463
    SD Realtor
    Participant

    They are all very good points. However there is a rally going on and it is very frustrating. Yep all these measures will do is to prolong the secular downtrend. Which in reality is the objective here. As stupid as we like to think the government is, they know what they can and cannot do. All they want to do is slow things down. The rally IMO has is not confined to the low end. IMO it has spread to mid level homes in the 500-700k range as well. The high end is still getting simply crushed however.

    Again, if you are looking to buy this spring it is as competitive as I have seen in a few years. Sit back and don’t look at things for awhile or come back next year and try again. Or… deal with it and compete. It is an extremely frustrating time for buyers and the best bet is to let this rally play out. I am hoping that by midsummer we will regain some normalcy. Those in waiting have unemployment and a large foreclosure pipeline. However the foreclosure pipeline will be mitigated partially by the public/private plan where those homes are essentially removed from the books of the banks by private investors backed by your tax money. Then those private investors get to sell and make a profit.

    In the end… yes San Diego housing is still overpriced in a big way.

    March 28, 2009 at 4:59 PM #374636
    SD Realtor
    Participant

    They are all very good points. However there is a rally going on and it is very frustrating. Yep all these measures will do is to prolong the secular downtrend. Which in reality is the objective here. As stupid as we like to think the government is, they know what they can and cannot do. All they want to do is slow things down. The rally IMO has is not confined to the low end. IMO it has spread to mid level homes in the 500-700k range as well. The high end is still getting simply crushed however.

    Again, if you are looking to buy this spring it is as competitive as I have seen in a few years. Sit back and don’t look at things for awhile or come back next year and try again. Or… deal with it and compete. It is an extremely frustrating time for buyers and the best bet is to let this rally play out. I am hoping that by midsummer we will regain some normalcy. Those in waiting have unemployment and a large foreclosure pipeline. However the foreclosure pipeline will be mitigated partially by the public/private plan where those homes are essentially removed from the books of the banks by private investors backed by your tax money. Then those private investors get to sell and make a profit.

    In the end… yes San Diego housing is still overpriced in a big way.

    March 28, 2009 at 4:59 PM #374679
    SD Realtor
    Participant

    They are all very good points. However there is a rally going on and it is very frustrating. Yep all these measures will do is to prolong the secular downtrend. Which in reality is the objective here. As stupid as we like to think the government is, they know what they can and cannot do. All they want to do is slow things down. The rally IMO has is not confined to the low end. IMO it has spread to mid level homes in the 500-700k range as well. The high end is still getting simply crushed however.

    Again, if you are looking to buy this spring it is as competitive as I have seen in a few years. Sit back and don’t look at things for awhile or come back next year and try again. Or… deal with it and compete. It is an extremely frustrating time for buyers and the best bet is to let this rally play out. I am hoping that by midsummer we will regain some normalcy. Those in waiting have unemployment and a large foreclosure pipeline. However the foreclosure pipeline will be mitigated partially by the public/private plan where those homes are essentially removed from the books of the banks by private investors backed by your tax money. Then those private investors get to sell and make a profit.

    In the end… yes San Diego housing is still overpriced in a big way.

    March 28, 2009 at 4:59 PM #374800
    SD Realtor
    Participant

    They are all very good points. However there is a rally going on and it is very frustrating. Yep all these measures will do is to prolong the secular downtrend. Which in reality is the objective here. As stupid as we like to think the government is, they know what they can and cannot do. All they want to do is slow things down. The rally IMO has is not confined to the low end. IMO it has spread to mid level homes in the 500-700k range as well. The high end is still getting simply crushed however.

    Again, if you are looking to buy this spring it is as competitive as I have seen in a few years. Sit back and don’t look at things for awhile or come back next year and try again. Or… deal with it and compete. It is an extremely frustrating time for buyers and the best bet is to let this rally play out. I am hoping that by midsummer we will regain some normalcy. Those in waiting have unemployment and a large foreclosure pipeline. However the foreclosure pipeline will be mitigated partially by the public/private plan where those homes are essentially removed from the books of the banks by private investors backed by your tax money. Then those private investors get to sell and make a profit.

    In the end… yes San Diego housing is still overpriced in a big way.

    March 28, 2009 at 7:21 PM #374197
    Coronita
    Participant

    Side question:

    http://en.wikipedia.org/wiki/List_of_generations

    For clarity:

    When one refers to baby boomers, does it include ’54-65′ or not?

    I’ve seen references that it includes the “Generation Jones” but others specifically not…

    Just curious because it seems like early BB (those born during 40′) are seemingly fairly ok even in this economic climate (at least the ones that I occasionally bump into).

    I’m just curious if the shift from avid saver to reckless spender was a gradual shift that happened during the later part closer to the sixties….

    March 28, 2009 at 7:21 PM #374477
    Coronita
    Participant

    Side question:

    http://en.wikipedia.org/wiki/List_of_generations

    For clarity:

    When one refers to baby boomers, does it include ’54-65′ or not?

    I’ve seen references that it includes the “Generation Jones” but others specifically not…

    Just curious because it seems like early BB (those born during 40′) are seemingly fairly ok even in this economic climate (at least the ones that I occasionally bump into).

    I’m just curious if the shift from avid saver to reckless spender was a gradual shift that happened during the later part closer to the sixties….

    March 28, 2009 at 7:21 PM #374651
    Coronita
    Participant

    Side question:

    http://en.wikipedia.org/wiki/List_of_generations

    For clarity:

    When one refers to baby boomers, does it include ’54-65′ or not?

    I’ve seen references that it includes the “Generation Jones” but others specifically not…

    Just curious because it seems like early BB (those born during 40′) are seemingly fairly ok even in this economic climate (at least the ones that I occasionally bump into).

    I’m just curious if the shift from avid saver to reckless spender was a gradual shift that happened during the later part closer to the sixties….

    March 28, 2009 at 7:21 PM #374694
    Coronita
    Participant

    Side question:

    http://en.wikipedia.org/wiki/List_of_generations

    For clarity:

    When one refers to baby boomers, does it include ’54-65′ or not?

    I’ve seen references that it includes the “Generation Jones” but others specifically not…

    Just curious because it seems like early BB (those born during 40′) are seemingly fairly ok even in this economic climate (at least the ones that I occasionally bump into).

    I’m just curious if the shift from avid saver to reckless spender was a gradual shift that happened during the later part closer to the sixties….

  • Author
    Posts
Viewing 15 posts - 16 through 30 (of 76 total)
1 2 3 4 5 6
  • You must be logged in to reply to this topic.