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Nor-LA-SD-guy.
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March 16, 2009 at 6:31 AM #367505March 16, 2009 at 6:55 AM #366908
kewp
Participant[quote=poorsaver]Interesting thread, I’d like to add a couple of observations. I was wondering why what I read about the economy is different than what I actually see. I look around me and it looks like business as usual at most places. The shopping centers are still crowded, there’s still hour long waits at restaurants in OC, freeways are more jammed than ever, the Hummers are back out in full force, and the King of Pop sold out all 50 concerts within a couple of hours. So how can we explain this phenomenon in a nasty recession? By what scaredycat originally posted. People are living rent free. If you don’t have any housing costs then it’s easy to keep on consuming like nothing’s wrong.
[/quote]I’m reminded of a story of certain Emperor fiddling while his city burned…
Beyond that, I happen to disagree. San Diego is much ‘quieter’ of late (I like it!).
March 16, 2009 at 6:55 AM #367197kewp
Participant[quote=poorsaver]Interesting thread, I’d like to add a couple of observations. I was wondering why what I read about the economy is different than what I actually see. I look around me and it looks like business as usual at most places. The shopping centers are still crowded, there’s still hour long waits at restaurants in OC, freeways are more jammed than ever, the Hummers are back out in full force, and the King of Pop sold out all 50 concerts within a couple of hours. So how can we explain this phenomenon in a nasty recession? By what scaredycat originally posted. People are living rent free. If you don’t have any housing costs then it’s easy to keep on consuming like nothing’s wrong.
[/quote]I’m reminded of a story of certain Emperor fiddling while his city burned…
Beyond that, I happen to disagree. San Diego is much ‘quieter’ of late (I like it!).
March 16, 2009 at 6:55 AM #367361kewp
Participant[quote=poorsaver]Interesting thread, I’d like to add a couple of observations. I was wondering why what I read about the economy is different than what I actually see. I look around me and it looks like business as usual at most places. The shopping centers are still crowded, there’s still hour long waits at restaurants in OC, freeways are more jammed than ever, the Hummers are back out in full force, and the King of Pop sold out all 50 concerts within a couple of hours. So how can we explain this phenomenon in a nasty recession? By what scaredycat originally posted. People are living rent free. If you don’t have any housing costs then it’s easy to keep on consuming like nothing’s wrong.
[/quote]I’m reminded of a story of certain Emperor fiddling while his city burned…
Beyond that, I happen to disagree. San Diego is much ‘quieter’ of late (I like it!).
March 16, 2009 at 6:55 AM #367400kewp
Participant[quote=poorsaver]Interesting thread, I’d like to add a couple of observations. I was wondering why what I read about the economy is different than what I actually see. I look around me and it looks like business as usual at most places. The shopping centers are still crowded, there’s still hour long waits at restaurants in OC, freeways are more jammed than ever, the Hummers are back out in full force, and the King of Pop sold out all 50 concerts within a couple of hours. So how can we explain this phenomenon in a nasty recession? By what scaredycat originally posted. People are living rent free. If you don’t have any housing costs then it’s easy to keep on consuming like nothing’s wrong.
[/quote]I’m reminded of a story of certain Emperor fiddling while his city burned…
Beyond that, I happen to disagree. San Diego is much ‘quieter’ of late (I like it!).
March 16, 2009 at 6:55 AM #367510kewp
Participant[quote=poorsaver]Interesting thread, I’d like to add a couple of observations. I was wondering why what I read about the economy is different than what I actually see. I look around me and it looks like business as usual at most places. The shopping centers are still crowded, there’s still hour long waits at restaurants in OC, freeways are more jammed than ever, the Hummers are back out in full force, and the King of Pop sold out all 50 concerts within a couple of hours. So how can we explain this phenomenon in a nasty recession? By what scaredycat originally posted. People are living rent free. If you don’t have any housing costs then it’s easy to keep on consuming like nothing’s wrong.
[/quote]I’m reminded of a story of certain Emperor fiddling while his city burned…
Beyond that, I happen to disagree. San Diego is much ‘quieter’ of late (I like it!).
March 16, 2009 at 7:22 AM #366912ralphfurley
Participant[quote=Chris Scoreboard Johnston]Agree with TG completely, fading peoples views like the post originator, is how I have acquired the wealth that I have. It is also why I am in this blog, to get the consensus view and do the opposite in most cases. Someone like that will always buy the high and sell the low sadly. It is how most people are wired unfortunately. It is also why most people are not wealthy, they are more comfortable with the herd. This sounds harsh, and it is not meant to be, it is simply the truth. I learned a long time ago to break from the herd and it has served me well.
[/quote]“Forbes valued Buffett’s net worth at $37 billion, $25 billion less than just a year earlier when the magazine estimated he was worth $62 billion.”
(from – http://www.google.com/hostednews/ap/article/ALeqM5h8yl3gi35BS4qrxgBW0IVtOJc1tAD96TC0UO0 )Buffet was preaching the same philosophy last year when things were falling apart. You think he’d say the same thing today?
While it may make sense for some people to buy in certain areas, it sure doesn’t for the majority of folks. Factor in the huge bubble we had with the recession and that broad generalization about buying when people are scared should fly right out the window.
That being said, I can see partypup’s point that owning land and growing your own food could be benificial if things really fall to shit. I’m thinking about buying a small house on an acre or so in Temecula sometime next year. I’m hoping more of those properties drop down below $300K by next Feb. It would be nice if my daughter could run around in a big backyard. Also to grow some citrus so I don’t die of scurvy. Prices of oranges at the grocery store are killing me.
March 16, 2009 at 7:22 AM #367202ralphfurley
Participant[quote=Chris Scoreboard Johnston]Agree with TG completely, fading peoples views like the post originator, is how I have acquired the wealth that I have. It is also why I am in this blog, to get the consensus view and do the opposite in most cases. Someone like that will always buy the high and sell the low sadly. It is how most people are wired unfortunately. It is also why most people are not wealthy, they are more comfortable with the herd. This sounds harsh, and it is not meant to be, it is simply the truth. I learned a long time ago to break from the herd and it has served me well.
[/quote]“Forbes valued Buffett’s net worth at $37 billion, $25 billion less than just a year earlier when the magazine estimated he was worth $62 billion.”
(from – http://www.google.com/hostednews/ap/article/ALeqM5h8yl3gi35BS4qrxgBW0IVtOJc1tAD96TC0UO0 )Buffet was preaching the same philosophy last year when things were falling apart. You think he’d say the same thing today?
While it may make sense for some people to buy in certain areas, it sure doesn’t for the majority of folks. Factor in the huge bubble we had with the recession and that broad generalization about buying when people are scared should fly right out the window.
That being said, I can see partypup’s point that owning land and growing your own food could be benificial if things really fall to shit. I’m thinking about buying a small house on an acre or so in Temecula sometime next year. I’m hoping more of those properties drop down below $300K by next Feb. It would be nice if my daughter could run around in a big backyard. Also to grow some citrus so I don’t die of scurvy. Prices of oranges at the grocery store are killing me.
March 16, 2009 at 7:22 AM #367366ralphfurley
Participant[quote=Chris Scoreboard Johnston]Agree with TG completely, fading peoples views like the post originator, is how I have acquired the wealth that I have. It is also why I am in this blog, to get the consensus view and do the opposite in most cases. Someone like that will always buy the high and sell the low sadly. It is how most people are wired unfortunately. It is also why most people are not wealthy, they are more comfortable with the herd. This sounds harsh, and it is not meant to be, it is simply the truth. I learned a long time ago to break from the herd and it has served me well.
[/quote]“Forbes valued Buffett’s net worth at $37 billion, $25 billion less than just a year earlier when the magazine estimated he was worth $62 billion.”
(from – http://www.google.com/hostednews/ap/article/ALeqM5h8yl3gi35BS4qrxgBW0IVtOJc1tAD96TC0UO0 )Buffet was preaching the same philosophy last year when things were falling apart. You think he’d say the same thing today?
While it may make sense for some people to buy in certain areas, it sure doesn’t for the majority of folks. Factor in the huge bubble we had with the recession and that broad generalization about buying when people are scared should fly right out the window.
That being said, I can see partypup’s point that owning land and growing your own food could be benificial if things really fall to shit. I’m thinking about buying a small house on an acre or so in Temecula sometime next year. I’m hoping more of those properties drop down below $300K by next Feb. It would be nice if my daughter could run around in a big backyard. Also to grow some citrus so I don’t die of scurvy. Prices of oranges at the grocery store are killing me.
March 16, 2009 at 7:22 AM #367405ralphfurley
Participant[quote=Chris Scoreboard Johnston]Agree with TG completely, fading peoples views like the post originator, is how I have acquired the wealth that I have. It is also why I am in this blog, to get the consensus view and do the opposite in most cases. Someone like that will always buy the high and sell the low sadly. It is how most people are wired unfortunately. It is also why most people are not wealthy, they are more comfortable with the herd. This sounds harsh, and it is not meant to be, it is simply the truth. I learned a long time ago to break from the herd and it has served me well.
[/quote]“Forbes valued Buffett’s net worth at $37 billion, $25 billion less than just a year earlier when the magazine estimated he was worth $62 billion.”
(from – http://www.google.com/hostednews/ap/article/ALeqM5h8yl3gi35BS4qrxgBW0IVtOJc1tAD96TC0UO0 )Buffet was preaching the same philosophy last year when things were falling apart. You think he’d say the same thing today?
While it may make sense for some people to buy in certain areas, it sure doesn’t for the majority of folks. Factor in the huge bubble we had with the recession and that broad generalization about buying when people are scared should fly right out the window.
That being said, I can see partypup’s point that owning land and growing your own food could be benificial if things really fall to shit. I’m thinking about buying a small house on an acre or so in Temecula sometime next year. I’m hoping more of those properties drop down below $300K by next Feb. It would be nice if my daughter could run around in a big backyard. Also to grow some citrus so I don’t die of scurvy. Prices of oranges at the grocery store are killing me.
March 16, 2009 at 7:22 AM #367515ralphfurley
Participant[quote=Chris Scoreboard Johnston]Agree with TG completely, fading peoples views like the post originator, is how I have acquired the wealth that I have. It is also why I am in this blog, to get the consensus view and do the opposite in most cases. Someone like that will always buy the high and sell the low sadly. It is how most people are wired unfortunately. It is also why most people are not wealthy, they are more comfortable with the herd. This sounds harsh, and it is not meant to be, it is simply the truth. I learned a long time ago to break from the herd and it has served me well.
[/quote]“Forbes valued Buffett’s net worth at $37 billion, $25 billion less than just a year earlier when the magazine estimated he was worth $62 billion.”
(from – http://www.google.com/hostednews/ap/article/ALeqM5h8yl3gi35BS4qrxgBW0IVtOJc1tAD96TC0UO0 )Buffet was preaching the same philosophy last year when things were falling apart. You think he’d say the same thing today?
While it may make sense for some people to buy in certain areas, it sure doesn’t for the majority of folks. Factor in the huge bubble we had with the recession and that broad generalization about buying when people are scared should fly right out the window.
That being said, I can see partypup’s point that owning land and growing your own food could be benificial if things really fall to shit. I’m thinking about buying a small house on an acre or so in Temecula sometime next year. I’m hoping more of those properties drop down below $300K by next Feb. It would be nice if my daughter could run around in a big backyard. Also to grow some citrus so I don’t die of scurvy. Prices of oranges at the grocery store are killing me.
March 16, 2009 at 8:11 AM #366917nostradamus
ParticipantProperty taxes going up.
March 16, 2009 at 8:11 AM #367207nostradamus
ParticipantProperty taxes going up.
March 16, 2009 at 8:11 AM #367371nostradamus
ParticipantProperty taxes going up.
March 16, 2009 at 8:11 AM #367410nostradamus
ParticipantProperty taxes going up.
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