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July 14, 2010 at 3:02 AM #578825July 14, 2010 at 3:04 AM #577801CA renterParticipant
As for my prediction on housing, I’m with both UCGal and sdr — prices going down in the better areas and flat-ish in the lower-end areas, along with the seasonal up/down trends that we usually see in all areas.
July 14, 2010 at 3:04 AM #577895CA renterParticipantAs for my prediction on housing, I’m with both UCGal and sdr — prices going down in the better areas and flat-ish in the lower-end areas, along with the seasonal up/down trends that we usually see in all areas.
July 14, 2010 at 3:04 AM #578422CA renterParticipantAs for my prediction on housing, I’m with both UCGal and sdr — prices going down in the better areas and flat-ish in the lower-end areas, along with the seasonal up/down trends that we usually see in all areas.
July 14, 2010 at 3:04 AM #578528CA renterParticipantAs for my prediction on housing, I’m with both UCGal and sdr — prices going down in the better areas and flat-ish in the lower-end areas, along with the seasonal up/down trends that we usually see in all areas.
July 14, 2010 at 3:04 AM #578830CA renterParticipantAs for my prediction on housing, I’m with both UCGal and sdr — prices going down in the better areas and flat-ish in the lower-end areas, along with the seasonal up/down trends that we usually see in all areas.
July 14, 2010 at 5:44 AM #577816CoronitaParticipant[quote=CA renter][quote=sdrealtor]BG
Again I never claimed it would save the mid to upper housing market. It is all additive and no one can deny that it will have an impact. How much we dont know. I said they “only children” and admitted not everyone is an only child. I also said that my examples are skewed to the upper mid/high end as that is where and who I meet socially. I also said that people whose parent live in lower priced ZIP are likely to buy lower priced homes. I dont get what points you are contesting as I already pointed out all the possibilities yopu mentioned.My biggest issue is the most bearish pick apart each example as not being capable of solving our problems but dont make an allowance for all of the examples being additive on a collective. Every little but helps and there are lots of little bits coming from different directions. We dotn need one thing to solve the ills of our economic downturns we need lots of things coming together. I try to point out each brick in the wall as I come upon them.[/quote]
sdr,
Inheritance is certainly one possible way for people to obtain enough money to prop up housing prices…however, I’d guess that a lot of that “Greatest Generation” money is tied up in housing. In order for the kids to get to the money, they have to sell a house, and if they’re going to be getting ~$1MM+, chances are the houses they sell will be in “desirable” neighborhoods. Essentially, while they might be willing to buy an expensive house with their new-found cash, they will most likely have to sell another one in order to do it, which means that it’s really not a net gain in demand.[/quote]
From what I know, the folks from the greatest generation (If you’re talking pre-baby-boomer) already have their homes paid off, and with $1000/year property tax.
July 14, 2010 at 5:44 AM #577911CoronitaParticipant[quote=CA renter][quote=sdrealtor]BG
Again I never claimed it would save the mid to upper housing market. It is all additive and no one can deny that it will have an impact. How much we dont know. I said they “only children” and admitted not everyone is an only child. I also said that my examples are skewed to the upper mid/high end as that is where and who I meet socially. I also said that people whose parent live in lower priced ZIP are likely to buy lower priced homes. I dont get what points you are contesting as I already pointed out all the possibilities yopu mentioned.My biggest issue is the most bearish pick apart each example as not being capable of solving our problems but dont make an allowance for all of the examples being additive on a collective. Every little but helps and there are lots of little bits coming from different directions. We dotn need one thing to solve the ills of our economic downturns we need lots of things coming together. I try to point out each brick in the wall as I come upon them.[/quote]
sdr,
Inheritance is certainly one possible way for people to obtain enough money to prop up housing prices…however, I’d guess that a lot of that “Greatest Generation” money is tied up in housing. In order for the kids to get to the money, they have to sell a house, and if they’re going to be getting ~$1MM+, chances are the houses they sell will be in “desirable” neighborhoods. Essentially, while they might be willing to buy an expensive house with their new-found cash, they will most likely have to sell another one in order to do it, which means that it’s really not a net gain in demand.[/quote]
From what I know, the folks from the greatest generation (If you’re talking pre-baby-boomer) already have their homes paid off, and with $1000/year property tax.
July 14, 2010 at 5:44 AM #578437CoronitaParticipant[quote=CA renter][quote=sdrealtor]BG
Again I never claimed it would save the mid to upper housing market. It is all additive and no one can deny that it will have an impact. How much we dont know. I said they “only children” and admitted not everyone is an only child. I also said that my examples are skewed to the upper mid/high end as that is where and who I meet socially. I also said that people whose parent live in lower priced ZIP are likely to buy lower priced homes. I dont get what points you are contesting as I already pointed out all the possibilities yopu mentioned.My biggest issue is the most bearish pick apart each example as not being capable of solving our problems but dont make an allowance for all of the examples being additive on a collective. Every little but helps and there are lots of little bits coming from different directions. We dotn need one thing to solve the ills of our economic downturns we need lots of things coming together. I try to point out each brick in the wall as I come upon them.[/quote]
sdr,
Inheritance is certainly one possible way for people to obtain enough money to prop up housing prices…however, I’d guess that a lot of that “Greatest Generation” money is tied up in housing. In order for the kids to get to the money, they have to sell a house, and if they’re going to be getting ~$1MM+, chances are the houses they sell will be in “desirable” neighborhoods. Essentially, while they might be willing to buy an expensive house with their new-found cash, they will most likely have to sell another one in order to do it, which means that it’s really not a net gain in demand.[/quote]
From what I know, the folks from the greatest generation (If you’re talking pre-baby-boomer) already have their homes paid off, and with $1000/year property tax.
July 14, 2010 at 5:44 AM #578543CoronitaParticipant[quote=CA renter][quote=sdrealtor]BG
Again I never claimed it would save the mid to upper housing market. It is all additive and no one can deny that it will have an impact. How much we dont know. I said they “only children” and admitted not everyone is an only child. I also said that my examples are skewed to the upper mid/high end as that is where and who I meet socially. I also said that people whose parent live in lower priced ZIP are likely to buy lower priced homes. I dont get what points you are contesting as I already pointed out all the possibilities yopu mentioned.My biggest issue is the most bearish pick apart each example as not being capable of solving our problems but dont make an allowance for all of the examples being additive on a collective. Every little but helps and there are lots of little bits coming from different directions. We dotn need one thing to solve the ills of our economic downturns we need lots of things coming together. I try to point out each brick in the wall as I come upon them.[/quote]
sdr,
Inheritance is certainly one possible way for people to obtain enough money to prop up housing prices…however, I’d guess that a lot of that “Greatest Generation” money is tied up in housing. In order for the kids to get to the money, they have to sell a house, and if they’re going to be getting ~$1MM+, chances are the houses they sell will be in “desirable” neighborhoods. Essentially, while they might be willing to buy an expensive house with their new-found cash, they will most likely have to sell another one in order to do it, which means that it’s really not a net gain in demand.[/quote]
From what I know, the folks from the greatest generation (If you’re talking pre-baby-boomer) already have their homes paid off, and with $1000/year property tax.
July 14, 2010 at 5:44 AM #578845CoronitaParticipant[quote=CA renter][quote=sdrealtor]BG
Again I never claimed it would save the mid to upper housing market. It is all additive and no one can deny that it will have an impact. How much we dont know. I said they “only children” and admitted not everyone is an only child. I also said that my examples are skewed to the upper mid/high end as that is where and who I meet socially. I also said that people whose parent live in lower priced ZIP are likely to buy lower priced homes. I dont get what points you are contesting as I already pointed out all the possibilities yopu mentioned.My biggest issue is the most bearish pick apart each example as not being capable of solving our problems but dont make an allowance for all of the examples being additive on a collective. Every little but helps and there are lots of little bits coming from different directions. We dotn need one thing to solve the ills of our economic downturns we need lots of things coming together. I try to point out each brick in the wall as I come upon them.[/quote]
sdr,
Inheritance is certainly one possible way for people to obtain enough money to prop up housing prices…however, I’d guess that a lot of that “Greatest Generation” money is tied up in housing. In order for the kids to get to the money, they have to sell a house, and if they’re going to be getting ~$1MM+, chances are the houses they sell will be in “desirable” neighborhoods. Essentially, while they might be willing to buy an expensive house with their new-found cash, they will most likely have to sell another one in order to do it, which means that it’s really not a net gain in demand.[/quote]
From what I know, the folks from the greatest generation (If you’re talking pre-baby-boomer) already have their homes paid off, and with $1000/year property tax.
July 14, 2010 at 7:06 AM #57783634f3f3fParticipantEconomic reality/America Dream x Unknown = Inclined mass on flat surface with downward momentum.
July 14, 2010 at 7:06 AM #57793134f3f3fParticipantEconomic reality/America Dream x Unknown = Inclined mass on flat surface with downward momentum.
July 14, 2010 at 7:06 AM #57845734f3f3fParticipantEconomic reality/America Dream x Unknown = Inclined mass on flat surface with downward momentum.
July 14, 2010 at 7:06 AM #57856334f3f3fParticipantEconomic reality/America Dream x Unknown = Inclined mass on flat surface with downward momentum.
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