What the hell????Throwing money after money after money…

[no_such_reality]

[quote=briansd1]

That’s why I’ve argued that if you have patience and can rent a nice place to live, you’ll be rewarded.
[/quote]

Hmm, let’s see, checking the date…

Hmm, checking the date of the start of the decline…

Hope you enjoy renting because frankly, you’re going to rent a long long time. Banks are incented to delay foreclosures and rates are so low that your choice is to rent or buy a hovel for a half a million dollars.

Take your pick, you get 30 years of paying the bubble inflated rent, either as a renter now, future renter of a buyer now or a be the buyer now.

And I’ll wager that renting a ‘nice’ place is going to see some pretty scarey rent increases in the future, because frankly, the majority of Southern California housing stock is sh*t. It’s dated, poorly maintained, poorly constructed and poorly laid out. And most of it is just plain old in poor shape.

And the majority of private rentals are the most neglected of the housing stock.

[briansd1]

[quote=no_such_reality]
And I’ll wager that renting a ‘nice’ place is going to see some pretty scarey rent increases in the future, because frankly, the majority of Southern California housing stock is sh*t. It’s dated, poorly maintained, poorly constructed and poorly laid out. And most of it is just plain old in poor shape.

And the majority of private rentals are the most neglected of the housing stock.[/quote]

Not in downtown San Diego. Everything is brand new. My rent includes HOA and property taxes. The difference goes to the landlord and he has to add his money to make the mortgage payments.

I agree with you, I hate old dilapidated places. I need central air conditioning and granite counter tops. 😉

[briansd1]

[quote=no_such_reality]
And I’ll wager that renting a ‘nice’ place is going to see some pretty scarey rent increases in the future, because frankly, the majority of Southern California housing stock is sh*t. It’s dated, poorly maintained, poorly constructed and poorly laid out. And most of it is just plain old in poor shape.

And the majority of private rentals are the most neglected of the housing stock.[/quote]

Not in downtown San Diego. Everything is brand new. My rent includes HOA and property taxes. The difference goes to the landlord and he has to add his money to make the mortgage payments.

I agree with you, I hate old dilapidated places. I need central air conditioning and granite counter tops. 😉

[briansd1]

[quote=no_such_reality]
And I’ll wager that renting a ‘nice’ place is going to see some pretty scarey rent increases in the future, because frankly, the majority of Southern California housing stock is sh*t. It’s dated, poorly maintained, poorly constructed and poorly laid out. And most of it is just plain old in poor shape.

And the majority of private rentals are the most neglected of the housing stock.[/quote]

Not in downtown San Diego. Everything is brand new. My rent includes HOA and property taxes. The difference goes to the landlord and he has to add his money to make the mortgage payments.

I agree with you, I hate old dilapidated places. I need central air conditioning and granite counter tops. 😉

[briansd1]

[quote=no_such_reality]
And I’ll wager that renting a ‘nice’ place is going to see some pretty scarey rent increases in the future, because frankly, the majority of Southern California housing stock is sh*t. It’s dated, poorly maintained, poorly constructed and poorly laid out. And most of it is just plain old in poor shape.

And the majority of private rentals are the most neglected of the housing stock.[/quote]

Not in downtown San Diego. Everything is brand new. My rent includes HOA and property taxes. The difference goes to the landlord and he has to add his money to make the mortgage payments.

I agree with you, I hate old dilapidated places. I need central air conditioning and granite counter tops. 😉

[briansd1]

[quote=no_such_reality]
And I’ll wager that renting a ‘nice’ place is going to see some pretty scarey rent increases in the future, because frankly, the majority of Southern California housing stock is sh*t. It’s dated, poorly maintained, poorly constructed and poorly laid out. And most of it is just plain old in poor shape.

And the majority of private rentals are the most neglected of the housing stock.[/quote]

Not in downtown San Diego. Everything is brand new. My rent includes HOA and property taxes. The difference goes to the landlord and he has to add his money to make the mortgage payments.

I agree with you, I hate old dilapidated places. I need central air conditioning and granite counter tops. 😉

[CA renter]

[quote=sreeb]
I don’t see how this can end well. I don’t see how we will able to muddle through either.

I think our governments current policy of ever higher deficit spending will crash the dollar (intentionally?) and help out with a massive devaluation but it will be really painful ($20/gallon gas?, everything in Walmart up by 5x?) The problem with that is that it implies high inflation without wage inflation resulting in a huge reduction in our standard of living. But we will be more competitive.

Or we can try massive protectionism? If congress can require you to buy health insurance, they can probably require you to buy a Buick, even if you don’t want one and didn’t intend to buy a car at all.

I expect to buy a lot less stuff in the future and I expect to be OK with that.

We are going to live in very interesting times.[/quote]

Agree very much with what you’ve said here, and think this is exactly the plan.

[CA renter]

[quote=sreeb]
I don’t see how this can end well. I don’t see how we will able to muddle through either.

I think our governments current policy of ever higher deficit spending will crash the dollar (intentionally?) and help out with a massive devaluation but it will be really painful ($20/gallon gas?, everything in Walmart up by 5x?) The problem with that is that it implies high inflation without wage inflation resulting in a huge reduction in our standard of living. But we will be more competitive.

Or we can try massive protectionism? If congress can require you to buy health insurance, they can probably require you to buy a Buick, even if you don’t want one and didn’t intend to buy a car at all.

I expect to buy a lot less stuff in the future and I expect to be OK with that.

We are going to live in very interesting times.[/quote]

Agree very much with what you’ve said here, and think this is exactly the plan.

[CA renter]

[quote=sreeb]
I don’t see how this can end well. I don’t see how we will able to muddle through either.

I think our governments current policy of ever higher deficit spending will crash the dollar (intentionally?) and help out with a massive devaluation but it will be really painful ($20/gallon gas?, everything in Walmart up by 5x?) The problem with that is that it implies high inflation without wage inflation resulting in a huge reduction in our standard of living. But we will be more competitive.

Or we can try massive protectionism? If congress can require you to buy health insurance, they can probably require you to buy a Buick, even if you don’t want one and didn’t intend to buy a car at all.

I expect to buy a lot less stuff in the future and I expect to be OK with that.

We are going to live in very interesting times.[/quote]

Agree very much with what you’ve said here, and think this is exactly the plan.

[CA renter]

[quote=sreeb]
I don’t see how this can end well. I don’t see how we will able to muddle through either.

I think our governments current policy of ever higher deficit spending will crash the dollar (intentionally?) and help out with a massive devaluation but it will be really painful ($20/gallon gas?, everything in Walmart up by 5x?) The problem with that is that it implies high inflation without wage inflation resulting in a huge reduction in our standard of living. But we will be more competitive.

Or we can try massive protectionism? If congress can require you to buy health insurance, they can probably require you to buy a Buick, even if you don’t want one and didn’t intend to buy a car at all.

I expect to buy a lot less stuff in the future and I expect to be OK with that.

We are going to live in very interesting times.[/quote]

Agree very much with what you’ve said here, and think this is exactly the plan.

[CA renter]

[quote=sreeb]
I don’t see how this can end well. I don’t see how we will able to muddle through either.

I think our governments current policy of ever higher deficit spending will crash the dollar (intentionally?) and help out with a massive devaluation but it will be really painful ($20/gallon gas?, everything in Walmart up by 5x?) The problem with that is that it implies high inflation without wage inflation resulting in a huge reduction in our standard of living. But we will be more competitive.

Or we can try massive protectionism? If congress can require you to buy health insurance, they can probably require you to buy a Buick, even if you don’t want one and didn’t intend to buy a car at all.

I expect to buy a lot less stuff in the future and I expect to be OK with that.

We are going to live in very interesting times.[/quote]

Agree very much with what you’ve said here, and think this is exactly the plan.

[no_such_reality]

[quote=briansd1]

Not in downtown San Diego. Everything is brand new. My rent includes HOA and property taxes. The difference goes to the landlord and he has to add his money to make the mortgage payments.
[/quote]

Enjoy it before the gloss coat wears off…

[no_such_reality]

[quote=briansd1]

Not in downtown San Diego. Everything is brand new. My rent includes HOA and property taxes. The difference goes to the landlord and he has to add his money to make the mortgage payments.
[/quote]

Enjoy it before the gloss coat wears off…

[no_such_reality]

[quote=briansd1]

Not in downtown San Diego. Everything is brand new. My rent includes HOA and property taxes. The difference goes to the landlord and he has to add his money to make the mortgage payments.
[/quote]

Enjoy it before the gloss coat wears off…

[no_such_reality]

[quote=briansd1]

Not in downtown San Diego. Everything is brand new. My rent includes HOA and property taxes. The difference goes to the landlord and he has to add his money to make the mortgage payments.
[/quote]

Enjoy it before the gloss coat wears off…

[Author]

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