sequester whining

[SD Realtor]

Quite tired of the sequester whining.

In the big 10 year picture it is a trivial reduction in spending. However it sets the precedence for moving in the right direction especially with regards to military spending.

[SK in CV]

It won’t be trivial to the two million workers who lose their jobs if it goes into effect.

[spdrun]

Here’s hoping! Nice that 50% of the cuts are to our parasite of a military.

[The-Shoveler]

Despite what people have been saying here, this is going to hit SD, OC and Ventura counties really hard if this happens.

[spdrun]

Good. Should correct the recent insanity with R.E. prices, though unfortunately foreclosing on military people is hard even if they richly deserve it.

[spdrun]

Good. Should correct the recent insanity with R.E. prices, though unfortunately foreclosing on military people is hard even if they richly deserve it.

[bearishgurl]

[quote=spdrun]Good. Should correct the recent insanity with R.E. prices, though unfortunately foreclosing on military people is hard even if they richly deserve it.[/quote]

spdrun, only a small fraction of active-duty enlisted military members currently stationed in SD own their own homes in SD County.

They get a HUGE housing allowance while stationed in SD to help them pay rent and utilities. And there are about a dozen military-owned housing complexes they can choose from if they choose to forego their housing allowance and have all utilities paid.

Retired personnel and officers O-5 and up DO own homes. But has been risky in the last decade for active-duty military of any rank to buy a house in SD, due to likely not being able to recover closing costs upon sale when they recieve their inevitable change-of-station orders. They’re almost always upside-down and don’t have the wherewithal to deal with the negative cash flow on a rental here should they move away without selling it.

[SD Realtor]

It will not wreak havoc on re prices.

sk um… aren’t you the one who always points out how much of the budget is spent on military?

[spdrun]

Seems the r.e. market tone in SoCal has followed the stock market over the last few years. Anyway, here’s hoping for the sequester!!!

[Coronita]

SDR/AN,

Can you please remind me to get the fvck off this blog? It’s not helping me get into a better SFH CV home any faster, and I really need to start focusing now…
I really envy folks that have been able to successfully do this…

Thank you…

[SD Realtor]

lol…. FLU the market is still outpacing re… you will do fine.

Also no the sequester will not touch san diego re prices at all.

[an]

[quote=flu]SDR/AN,

Can you please remind me to get the fvck off this blog? It’s not helping me get into a better SFH CV home any faster, and I really need to start focusing now…
I really envy folks that have been able to successfully do this…

Thank you…[/quote]
Sorry dude, but I can’t help you when I can’t help myself get off this blog :-).

[spdrun]

Of course not, Mr. Permabull. Oh well, it should fvck D.C., if only for a brief period, which also won’t necessarily go badly for me.

[an]

[quote=spdrun]Of course not, Mr. Permabull(s—).[/quote]
haha, permabull? Really? Maybe you should start readin this blog back in 2005.

[The-Shoveler]

Well it may not have much effect on higher end places like CV etc…

But there are a lot of defense contractors who will feel it.
I actually don’t think it will have any effect on active duty, in fact the opposite may be true as I think they will eventually consolidate and there are no plans to get rid of Camp pen (but really eventually this would be a boon for all SoCal if they did).

[Author]

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