Shall we buy or never in San Diego or wait for more depreciation?

[Nor-LA-SD-guy]

[quote=AN][quote=patb]
obviously the OP is smoking crack.

California has a 50% state budget deficit.

California has a couple million surplus dwelling units.

So what’s the thing that’s going to drive property values?[/quote]
Inflation?[/quote]

My answer at least at the low end (may not apply so much to coastal SD at current prices)

Is new household formation !!

More than enough to soak up any existing inventory over the next few years assuming the economy improves.

But if the low end gets pressure then it may extend somewhat to the higher end area’s as well.

[Arraya]

If this was a movie it would be titled “desperately seeking inflation” I don’t think inflation can easily be metered out when fighting the strongest deflationary pressures in history. If your paying attention they are trying like hell to inflate.

[Arraya]

If this was a movie it would be titled “desperately seeking inflation” I don’t think inflation can easily be metered out when fighting the strongest deflationary pressures in history. If your paying attention they are trying like hell to inflate.

[Arraya]

If this was a movie it would be titled “desperately seeking inflation” I don’t think inflation can easily be metered out when fighting the strongest deflationary pressures in history. If your paying attention they are trying like hell to inflate.

[Arraya]

If this was a movie it would be titled “desperately seeking inflation” I don’t think inflation can easily be metered out when fighting the strongest deflationary pressures in history. If your paying attention they are trying like hell to inflate.

[Arraya]

If this was a movie it would be titled “desperately seeking inflation” I don’t think inflation can easily be metered out when fighting the strongest deflationary pressures in history. If your paying attention they are trying like hell to inflate.

[Nor-LA-SD-guy]

[quote=Arraya]If this was a movie it would be titled “desperately seeking inflation” I don’t think inflation can easily be metered out when fighting the strongest deflationary pressures in history. If your paying attention they are trying like hell to inflate.[/quote]

Exactly !!!

They no longer have the tools !!

Unless they are going to offer everyone Gov Job’s at 100K to start (Plus that great pension plan !!)

In the absence of large pools of unionized workers and lacking near full employment, and having globalization, their only real tools in this regard, are Gov Job’s and minimum wage hikes.

[Nor-LA-SD-guy]

[quote=Arraya]If this was a movie it would be titled “desperately seeking inflation” I don’t think inflation can easily be metered out when fighting the strongest deflationary pressures in history. If your paying attention they are trying like hell to inflate.[/quote]

Exactly !!!

They no longer have the tools !!

Unless they are going to offer everyone Gov Job’s at 100K to start (Plus that great pension plan !!)

In the absence of large pools of unionized workers and lacking near full employment, and having globalization, their only real tools in this regard, are Gov Job’s and minimum wage hikes.

[Nor-LA-SD-guy]

[quote=Arraya]If this was a movie it would be titled “desperately seeking inflation” I don’t think inflation can easily be metered out when fighting the strongest deflationary pressures in history. If your paying attention they are trying like hell to inflate.[/quote]

Exactly !!!

They no longer have the tools !!

Unless they are going to offer everyone Gov Job’s at 100K to start (Plus that great pension plan !!)

In the absence of large pools of unionized workers and lacking near full employment, and having globalization, their only real tools in this regard, are Gov Job’s and minimum wage hikes.

[Nor-LA-SD-guy]

[quote=Arraya]If this was a movie it would be titled “desperately seeking inflation” I don’t think inflation can easily be metered out when fighting the strongest deflationary pressures in history. If your paying attention they are trying like hell to inflate.[/quote]

Exactly !!!

They no longer have the tools !!

Unless they are going to offer everyone Gov Job’s at 100K to start (Plus that great pension plan !!)

In the absence of large pools of unionized workers and lacking near full employment, and having globalization, their only real tools in this regard, are Gov Job’s and minimum wage hikes.

[Nor-LA-SD-guy]

[quote=Arraya]If this was a movie it would be titled “desperately seeking inflation” I don’t think inflation can easily be metered out when fighting the strongest deflationary pressures in history. If your paying attention they are trying like hell to inflate.[/quote]

Exactly !!!

They no longer have the tools !!

Unless they are going to offer everyone Gov Job’s at 100K to start (Plus that great pension plan !!)

In the absence of large pools of unionized workers and lacking near full employment, and having globalization, their only real tools in this regard, are Gov Job’s and minimum wage hikes.

[an]

[quote=Arraya]If this was a movie it would be titled “desperately seeking inflation” I don’t think inflation can easily be metered out when fighting the strongest deflationary pressures in history. If your paying attention they are trying like hell to inflate.[/quote]
I tend to side with the rule maker in the long run. If they want inflation, they can create inflation. They seem to be trying to create inflation at a manageable rate. But if they want, they can start printing quadrillion of $ and give out tax credit like there’s no tomorrow. That would be more than enough to create hyperinflation. In another word, they’re not trying very hard to create inflation. They could do much much much more to create inflation.

[an]

[quote=Arraya]If this was a movie it would be titled “desperately seeking inflation” I don’t think inflation can easily be metered out when fighting the strongest deflationary pressures in history. If your paying attention they are trying like hell to inflate.[/quote]
I tend to side with the rule maker in the long run. If they want inflation, they can create inflation. They seem to be trying to create inflation at a manageable rate. But if they want, they can start printing quadrillion of $ and give out tax credit like there’s no tomorrow. That would be more than enough to create hyperinflation. In another word, they’re not trying very hard to create inflation. They could do much much much more to create inflation.

[an]

[quote=Arraya]If this was a movie it would be titled “desperately seeking inflation” I don’t think inflation can easily be metered out when fighting the strongest deflationary pressures in history. If your paying attention they are trying like hell to inflate.[/quote]
I tend to side with the rule maker in the long run. If they want inflation, they can create inflation. They seem to be trying to create inflation at a manageable rate. But if they want, they can start printing quadrillion of $ and give out tax credit like there’s no tomorrow. That would be more than enough to create hyperinflation. In another word, they’re not trying very hard to create inflation. They could do much much much more to create inflation.

[an]

[quote=Arraya]If this was a movie it would be titled “desperately seeking inflation” I don’t think inflation can easily be metered out when fighting the strongest deflationary pressures in history. If your paying attention they are trying like hell to inflate.[/quote]
I tend to side with the rule maker in the long run. If they want inflation, they can create inflation. They seem to be trying to create inflation at a manageable rate. But if they want, they can start printing quadrillion of $ and give out tax credit like there’s no tomorrow. That would be more than enough to create hyperinflation. In another word, they’re not trying very hard to create inflation. They could do much much much more to create inflation.

[Author]

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