Why I am leaving San Diego

[bearishgurl]

[quote=jstoesz]Not that I am buying in Placerville, but this home is so cool. On some level, I love garish 60’s homes. The more over the top, the better!

http://www.redfin.com/CA/Placerville/880-Hidden-Way-95667/home/22363405
[/quote]

Wow, now that’s a lot of bang for the buck, jstoesz!! Maybe you SHOULD consider making an offer on it. Better see how your day-to-day commute pans out to/from East Sac first . . . lol!

I don’t think it’s garish. Luv all the picture windows and stone kitchen hearth. The accoustical ceiling with the dark beams is a little much, but this can be fixed. As can the few remaining aluminum sliders. And it’s downtown, to boot. Wonder if it’s walking distance to the locomotives and antique shops (similar to dtn La Mesa?? . . . lol!)

There’s more room there then you’ll probably ever need for a price you could never touch on the coast. And design galore to boot!!!

Have fun in Placerville, jstoesz! It’s truly a “different world” up there!!

[CA renter]

[quote=briansd1][quote=Scarlett]
What is so special about anybody who had earned a graduate degree, put in 10-15 years of good hard work, that’s what. If you don’t think somebody smart and hard working with a lot of experience would deserve anything…[/quote]

Smart and hard working is all relative.

Actually, I do think that people deserve some things.

But market economics does not care about deserving people. It only cares about supply and demand and ability to pay. Under that system, if you can’t afford to pay, you’re out of luck, period. Find something else, somewhere else that you can afford….. just saying that’s how it works.[/quote]

Brian,

The issue here is exactly what you are referring to…NORMAL “supply and demand” are NOT what’s moving the market, and that’s NOT what has moved the market over the past decade.

We have seen an unprecedented CREDIT bubble, the size and scope of which we haven’t seen in our lifetimes (if ever). The main beneficiary of all of that credit has been the housing market. The ONLY reason prices are levitating above their fundamental values is because the govt and Federal Reserve have stepped in on so many levels to keep “supply and demand” from setting prices.

If anyone thinks today’s prices are being held up by “fundamentals,” they are truly delusional.

[CA renter]

[quote=briansd1][quote=Scarlett]
What is so special about anybody who had earned a graduate degree, put in 10-15 years of good hard work, that’s what. If you don’t think somebody smart and hard working with a lot of experience would deserve anything…[/quote]

Smart and hard working is all relative.

Actually, I do think that people deserve some things.

But market economics does not care about deserving people. It only cares about supply and demand and ability to pay. Under that system, if you can’t afford to pay, you’re out of luck, period. Find something else, somewhere else that you can afford….. just saying that’s how it works.[/quote]

Brian,

The issue here is exactly what you are referring to…NORMAL “supply and demand” are NOT what’s moving the market, and that’s NOT what has moved the market over the past decade.

We have seen an unprecedented CREDIT bubble, the size and scope of which we haven’t seen in our lifetimes (if ever). The main beneficiary of all of that credit has been the housing market. The ONLY reason prices are levitating above their fundamental values is because the govt and Federal Reserve have stepped in on so many levels to keep “supply and demand” from setting prices.

If anyone thinks today’s prices are being held up by “fundamentals,” they are truly delusional.

[CA renter]

[quote=briansd1][quote=Scarlett]
What is so special about anybody who had earned a graduate degree, put in 10-15 years of good hard work, that’s what. If you don’t think somebody smart and hard working with a lot of experience would deserve anything…[/quote]

Smart and hard working is all relative.

Actually, I do think that people deserve some things.

But market economics does not care about deserving people. It only cares about supply and demand and ability to pay. Under that system, if you can’t afford to pay, you’re out of luck, period. Find something else, somewhere else that you can afford….. just saying that’s how it works.[/quote]

Brian,

The issue here is exactly what you are referring to…NORMAL “supply and demand” are NOT what’s moving the market, and that’s NOT what has moved the market over the past decade.

We have seen an unprecedented CREDIT bubble, the size and scope of which we haven’t seen in our lifetimes (if ever). The main beneficiary of all of that credit has been the housing market. The ONLY reason prices are levitating above their fundamental values is because the govt and Federal Reserve have stepped in on so many levels to keep “supply and demand” from setting prices.

If anyone thinks today’s prices are being held up by “fundamentals,” they are truly delusional.

[CA renter]

[quote=briansd1][quote=Scarlett]
What is so special about anybody who had earned a graduate degree, put in 10-15 years of good hard work, that’s what. If you don’t think somebody smart and hard working with a lot of experience would deserve anything…[/quote]

Smart and hard working is all relative.

Actually, I do think that people deserve some things.

But market economics does not care about deserving people. It only cares about supply and demand and ability to pay. Under that system, if you can’t afford to pay, you’re out of luck, period. Find something else, somewhere else that you can afford….. just saying that’s how it works.[/quote]

Brian,

The issue here is exactly what you are referring to…NORMAL “supply and demand” are NOT what’s moving the market, and that’s NOT what has moved the market over the past decade.

We have seen an unprecedented CREDIT bubble, the size and scope of which we haven’t seen in our lifetimes (if ever). The main beneficiary of all of that credit has been the housing market. The ONLY reason prices are levitating above their fundamental values is because the govt and Federal Reserve have stepped in on so many levels to keep “supply and demand” from setting prices.

If anyone thinks today’s prices are being held up by “fundamentals,” they are truly delusional.

[CA renter]

[quote=briansd1][quote=Scarlett]
What is so special about anybody who had earned a graduate degree, put in 10-15 years of good hard work, that’s what. If you don’t think somebody smart and hard working with a lot of experience would deserve anything…[/quote]

Smart and hard working is all relative.

Actually, I do think that people deserve some things.

But market economics does not care about deserving people. It only cares about supply and demand and ability to pay. Under that system, if you can’t afford to pay, you’re out of luck, period. Find something else, somewhere else that you can afford….. just saying that’s how it works.[/quote]

Brian,

The issue here is exactly what you are referring to…NORMAL “supply and demand” are NOT what’s moving the market, and that’s NOT what has moved the market over the past decade.

We have seen an unprecedented CREDIT bubble, the size and scope of which we haven’t seen in our lifetimes (if ever). The main beneficiary of all of that credit has been the housing market. The ONLY reason prices are levitating above their fundamental values is because the govt and Federal Reserve have stepped in on so many levels to keep “supply and demand” from setting prices.

If anyone thinks today’s prices are being held up by “fundamentals,” they are truly delusional.

[jpinpb]

[quote=CA renter]We have seen an unprecedented CREDIT bubble, the size and scope of which we haven’t seen in our lifetimes (if ever). The main beneficiary of all of that credit has been the housing market. The ONLY reason prices are levitating above their fundamental values is because the govt and Federal Reserve have stepped in on so many levels to keep “supply and demand” from setting prices.
[/quote]
Totally agree. I’m scared this may be the new norm. I fear if the government steps back, things will go down. I think they know this. So they can’t. They will continue to prop things up. I just don’t know how long they can. I mean, sooner or later they may run out of bullets. But I agree that were it not for gov intervention, we would be looking at a completely different market and probably be on our way to a real recovery by now. Dragging out the bottom means dragging out a real recovery, IMO. But I guess they decided to rip the bandaid off real slow.

[jpinpb]

[quote=CA renter]We have seen an unprecedented CREDIT bubble, the size and scope of which we haven’t seen in our lifetimes (if ever). The main beneficiary of all of that credit has been the housing market. The ONLY reason prices are levitating above their fundamental values is because the govt and Federal Reserve have stepped in on so many levels to keep “supply and demand” from setting prices.
[/quote]
Totally agree. I’m scared this may be the new norm. I fear if the government steps back, things will go down. I think they know this. So they can’t. They will continue to prop things up. I just don’t know how long they can. I mean, sooner or later they may run out of bullets. But I agree that were it not for gov intervention, we would be looking at a completely different market and probably be on our way to a real recovery by now. Dragging out the bottom means dragging out a real recovery, IMO. But I guess they decided to rip the bandaid off real slow.

[jpinpb]

[quote=CA renter]We have seen an unprecedented CREDIT bubble, the size and scope of which we haven’t seen in our lifetimes (if ever). The main beneficiary of all of that credit has been the housing market. The ONLY reason prices are levitating above their fundamental values is because the govt and Federal Reserve have stepped in on so many levels to keep “supply and demand” from setting prices.
[/quote]
Totally agree. I’m scared this may be the new norm. I fear if the government steps back, things will go down. I think they know this. So they can’t. They will continue to prop things up. I just don’t know how long they can. I mean, sooner or later they may run out of bullets. But I agree that were it not for gov intervention, we would be looking at a completely different market and probably be on our way to a real recovery by now. Dragging out the bottom means dragging out a real recovery, IMO. But I guess they decided to rip the bandaid off real slow.

[jpinpb]

[quote=CA renter]We have seen an unprecedented CREDIT bubble, the size and scope of which we haven’t seen in our lifetimes (if ever). The main beneficiary of all of that credit has been the housing market. The ONLY reason prices are levitating above their fundamental values is because the govt and Federal Reserve have stepped in on so many levels to keep “supply and demand” from setting prices.
[/quote]
Totally agree. I’m scared this may be the new norm. I fear if the government steps back, things will go down. I think they know this. So they can’t. They will continue to prop things up. I just don’t know how long they can. I mean, sooner or later they may run out of bullets. But I agree that were it not for gov intervention, we would be looking at a completely different market and probably be on our way to a real recovery by now. Dragging out the bottom means dragging out a real recovery, IMO. But I guess they decided to rip the bandaid off real slow.

[jpinpb]

[quote=CA renter]We have seen an unprecedented CREDIT bubble, the size and scope of which we haven’t seen in our lifetimes (if ever). The main beneficiary of all of that credit has been the housing market. The ONLY reason prices are levitating above their fundamental values is because the govt and Federal Reserve have stepped in on so many levels to keep “supply and demand” from setting prices.
[/quote]
Totally agree. I’m scared this may be the new norm. I fear if the government steps back, things will go down. I think they know this. So they can’t. They will continue to prop things up. I just don’t know how long they can. I mean, sooner or later they may run out of bullets. But I agree that were it not for gov intervention, we would be looking at a completely different market and probably be on our way to a real recovery by now. Dragging out the bottom means dragging out a real recovery, IMO. But I guess they decided to rip the bandaid off real slow.

[briansd1]

[quote=jpinpb]
Totally agree. I’m scared this may be the new norm. I fear if the government steps back, things will go down. I think they know this. So they can’t. They will continue to prop things up. I just don’t know how long they can. I mean, sooner or later they may run out of bullets.
[/quote]

I also agree. Eventually, they’ll run out of options. The business cycle will fix some of that. But as long as the politicians continue to mismanage, the country will experience a slow decline relative to the rest of the world.

[quote=jpinpb]
But I agree that were it not for gov intervention, we would be looking at a completely different market
[/quote]

What in life is not “rigged”? Everything is influenced by government. If it weren’t for the government, we would not have had the bubble in the first place.

[quote=jpinpb]
and probably be on our way to a real recovery by now. Dragging out the bottom means dragging out a real recovery, IMO.
[/quote]

True, but strong economic recovery from a very deep bottom is much worse for the people negatively affected than holding steady, at slower growth, near the peak.

[quote=jpinpb]
But I guess they decided to rip the bandaid off real slow.[/quote]

That’s why, after inflation, over time, we’ll end up at the same point. The math is always right.

For example, if growth is 4%/year from a deep bottom (without government intervention), or 2%/year from near the peak (with the bailouts), eventually you get the same results.

In real estate, just be very patient for the right inventory, if you can afford to wait.

[briansd1]

[quote=jpinpb]
Totally agree. I’m scared this may be the new norm. I fear if the government steps back, things will go down. I think they know this. So they can’t. They will continue to prop things up. I just don’t know how long they can. I mean, sooner or later they may run out of bullets.
[/quote]

I also agree. Eventually, they’ll run out of options. The business cycle will fix some of that. But as long as the politicians continue to mismanage, the country will experience a slow decline relative to the rest of the world.

[quote=jpinpb]
But I agree that were it not for gov intervention, we would be looking at a completely different market
[/quote]

What in life is not “rigged”? Everything is influenced by government. If it weren’t for the government, we would not have had the bubble in the first place.

[quote=jpinpb]
and probably be on our way to a real recovery by now. Dragging out the bottom means dragging out a real recovery, IMO.
[/quote]

True, but strong economic recovery from a very deep bottom is much worse for the people negatively affected than holding steady, at slower growth, near the peak.

[quote=jpinpb]
But I guess they decided to rip the bandaid off real slow.[/quote]

That’s why, after inflation, over time, we’ll end up at the same point. The math is always right.

For example, if growth is 4%/year from a deep bottom (without government intervention), or 2%/year from near the peak (with the bailouts), eventually you get the same results.

In real estate, just be very patient for the right inventory, if you can afford to wait.

[briansd1]

[quote=jpinpb]
Totally agree. I’m scared this may be the new norm. I fear if the government steps back, things will go down. I think they know this. So they can’t. They will continue to prop things up. I just don’t know how long they can. I mean, sooner or later they may run out of bullets.
[/quote]

I also agree. Eventually, they’ll run out of options. The business cycle will fix some of that. But as long as the politicians continue to mismanage, the country will experience a slow decline relative to the rest of the world.

[quote=jpinpb]
But I agree that were it not for gov intervention, we would be looking at a completely different market
[/quote]

What in life is not “rigged”? Everything is influenced by government. If it weren’t for the government, we would not have had the bubble in the first place.

[quote=jpinpb]
and probably be on our way to a real recovery by now. Dragging out the bottom means dragging out a real recovery, IMO.
[/quote]

True, but strong economic recovery from a very deep bottom is much worse for the people negatively affected than holding steady, at slower growth, near the peak.

[quote=jpinpb]
But I guess they decided to rip the bandaid off real slow.[/quote]

That’s why, after inflation, over time, we’ll end up at the same point. The math is always right.

For example, if growth is 4%/year from a deep bottom (without government intervention), or 2%/year from near the peak (with the bailouts), eventually you get the same results.

In real estate, just be very patient for the right inventory, if you can afford to wait.

[briansd1]

[quote=jpinpb]
Totally agree. I’m scared this may be the new norm. I fear if the government steps back, things will go down. I think they know this. So they can’t. They will continue to prop things up. I just don’t know how long they can. I mean, sooner or later they may run out of bullets.
[/quote]

I also agree. Eventually, they’ll run out of options. The business cycle will fix some of that. But as long as the politicians continue to mismanage, the country will experience a slow decline relative to the rest of the world.

[quote=jpinpb]
But I agree that were it not for gov intervention, we would be looking at a completely different market
[/quote]

What in life is not “rigged”? Everything is influenced by government. If it weren’t for the government, we would not have had the bubble in the first place.

[quote=jpinpb]
and probably be on our way to a real recovery by now. Dragging out the bottom means dragging out a real recovery, IMO.
[/quote]

True, but strong economic recovery from a very deep bottom is much worse for the people negatively affected than holding steady, at slower growth, near the peak.

[quote=jpinpb]
But I guess they decided to rip the bandaid off real slow.[/quote]

That’s why, after inflation, over time, we’ll end up at the same point. The math is always right.

For example, if growth is 4%/year from a deep bottom (without government intervention), or 2%/year from near the peak (with the bailouts), eventually you get the same results.

In real estate, just be very patient for the right inventory, if you can afford to wait.

[Author]

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