[4plexowner]

“China admits to hoarding gold”

two significant points:

1. gold is not the barbarous relic that your Federal Reserve and govt would have you believe it is – only Western central banks are selling their gold (to keep its price down) – the Asians are buying

2. China has not only voiced their discontent with the US dollar, they have actively started moving away from the USD – this gold news comes on top of the currency exchanges China has done recently with several trade partners

Hard to imagine why the Chinese would be interested in gold

[img_assist|nid=10925|title=Fed Monetization|desc=|link=node|align=left|width=368|height=275]

[4plexowner]

“China admits to hoarding gold”

two significant points:

1. gold is not the barbarous relic that your Federal Reserve and govt would have you believe it is – only Western central banks are selling their gold (to keep its price down) – the Asians are buying

2. China has not only voiced their discontent with the US dollar, they have actively started moving away from the USD – this gold news comes on top of the currency exchanges China has done recently with several trade partners

Hard to imagine why the Chinese would be interested in gold

[img_assist|nid=10925|title=Fed Monetization|desc=|link=node|align=left|width=368|height=275]

[4plexowner]

“China admits to hoarding gold”

two significant points:

1. gold is not the barbarous relic that your Federal Reserve and govt would have you believe it is – only Western central banks are selling their gold (to keep its price down) – the Asians are buying

2. China has not only voiced their discontent with the US dollar, they have actively started moving away from the USD – this gold news comes on top of the currency exchanges China has done recently with several trade partners

Hard to imagine why the Chinese would be interested in gold

[img_assist|nid=10925|title=Fed Monetization|desc=|link=node|align=left|width=368|height=275]

[4plexowner]

“China admits to hoarding gold”

two significant points:

1. gold is not the barbarous relic that your Federal Reserve and govt would have you believe it is – only Western central banks are selling their gold (to keep its price down) – the Asians are buying

2. China has not only voiced their discontent with the US dollar, they have actively started moving away from the USD – this gold news comes on top of the currency exchanges China has done recently with several trade partners

Hard to imagine why the Chinese would be interested in gold

[img_assist|nid=10925|title=Fed Monetization|desc=|link=node|align=left|width=368|height=275]

[4plexowner]

“China admits to hoarding gold”

two significant points:

1. gold is not the barbarous relic that your Federal Reserve and govt would have you believe it is – only Western central banks are selling their gold (to keep its price down) – the Asians are buying

2. China has not only voiced their discontent with the US dollar, they have actively started moving away from the USD – this gold news comes on top of the currency exchanges China has done recently with several trade partners

Hard to imagine why the Chinese would be interested in gold

[img_assist|nid=10925|title=Fed Monetization|desc=|link=node|align=left|width=368|height=275]

[4plexowner]

“median home prices”

and we know how useful this metric is

[4plexowner]

“median home prices”

and we know how useful this metric is

[4plexowner]

“median home prices”

and we know how useful this metric is

[4plexowner]

“median home prices”

and we know how useful this metric is

[4plexowner]

“median home prices”

and we know how useful this metric is

[4plexowner]

“elaborate a bit more on why buying a condo is bad investment”

too many factors outside of my control – that is how I would summarize my opinion about putting hard-earned money into a condo

search the archives for “HOA” and you’ll find a host of issues that come along with your HOA – special assessments and non-paying members would be two issues to consider

do some research on the downtown condo market – unless it has changed dramatically, there is far more supply than demand – imagine being forced to sell a condo in a market of that type

“construction defect litigation” – this issue came about because of the poor quality of construction employed in attached housing units

you might check “condo conversions” in the archives as well – there are enough of these in San Diego that it is worthwhile understanding the related issues – quality of the underlying apartment being the primary factor

supply and demand – supply: lots of condos / attached housing, fewer single family residences (SFR) – demand: given the choice, most people prefer the lifestyle of an SFR over a condo

obvious: the mortgage industry sees condos as a less desirable investment which is why the 0.75% difference is being discussed here

lifestyle: in attached housing sound travels through the structure of the building – you get to hear your neighbors opening and closing doors, flushing toilets, walking across floors, talking near your windows, etc – again, given the choice, most people prefer the lifestyle of an SFR over a condo – point being to put your money into the more desirable asset (SFR) because it is more likely to hold its value during slow times and also likely to appreciate more and faster in good times

if a condo makes sense for you as a primary residence do it with eyes wide open – understand the issues going in, research the HOA, don’t close escrow without getting a copy of the current HOA reserve review

as an investor, all of the negative aspects of condos might eventually make them good investments – condos tend to take a disproportionate share of the overall decline (Rich’s charts show this already) – if the banks continue to dis-favor condo loans, condo prices should decline as a result – at the extreme, the banks would not issue ANY condo mortgages and the cash buyer would have a field day buying from forced sellers

[4plexowner]

“elaborate a bit more on why buying a condo is bad investment”

too many factors outside of my control – that is how I would summarize my opinion about putting hard-earned money into a condo

search the archives for “HOA” and you’ll find a host of issues that come along with your HOA – special assessments and non-paying members would be two issues to consider

do some research on the downtown condo market – unless it has changed dramatically, there is far more supply than demand – imagine being forced to sell a condo in a market of that type

“construction defect litigation” – this issue came about because of the poor quality of construction employed in attached housing units

you might check “condo conversions” in the archives as well – there are enough of these in San Diego that it is worthwhile understanding the related issues – quality of the underlying apartment being the primary factor

supply and demand – supply: lots of condos / attached housing, fewer single family residences (SFR) – demand: given the choice, most people prefer the lifestyle of an SFR over a condo

obvious: the mortgage industry sees condos as a less desirable investment which is why the 0.75% difference is being discussed here

lifestyle: in attached housing sound travels through the structure of the building – you get to hear your neighbors opening and closing doors, flushing toilets, walking across floors, talking near your windows, etc – again, given the choice, most people prefer the lifestyle of an SFR over a condo – point being to put your money into the more desirable asset (SFR) because it is more likely to hold its value during slow times and also likely to appreciate more and faster in good times

if a condo makes sense for you as a primary residence do it with eyes wide open – understand the issues going in, research the HOA, don’t close escrow without getting a copy of the current HOA reserve review

as an investor, all of the negative aspects of condos might eventually make them good investments – condos tend to take a disproportionate share of the overall decline (Rich’s charts show this already) – if the banks continue to dis-favor condo loans, condo prices should decline as a result – at the extreme, the banks would not issue ANY condo mortgages and the cash buyer would have a field day buying from forced sellers

[4plexowner]

“elaborate a bit more on why buying a condo is bad investment”

too many factors outside of my control – that is how I would summarize my opinion about putting hard-earned money into a condo

search the archives for “HOA” and you’ll find a host of issues that come along with your HOA – special assessments and non-paying members would be two issues to consider

do some research on the downtown condo market – unless it has changed dramatically, there is far more supply than demand – imagine being forced to sell a condo in a market of that type

“construction defect litigation” – this issue came about because of the poor quality of construction employed in attached housing units

you might check “condo conversions” in the archives as well – there are enough of these in San Diego that it is worthwhile understanding the related issues – quality of the underlying apartment being the primary factor

supply and demand – supply: lots of condos / attached housing, fewer single family residences (SFR) – demand: given the choice, most people prefer the lifestyle of an SFR over a condo

obvious: the mortgage industry sees condos as a less desirable investment which is why the 0.75% difference is being discussed here

lifestyle: in attached housing sound travels through the structure of the building – you get to hear your neighbors opening and closing doors, flushing toilets, walking across floors, talking near your windows, etc – again, given the choice, most people prefer the lifestyle of an SFR over a condo – point being to put your money into the more desirable asset (SFR) because it is more likely to hold its value during slow times and also likely to appreciate more and faster in good times

if a condo makes sense for you as a primary residence do it with eyes wide open – understand the issues going in, research the HOA, don’t close escrow without getting a copy of the current HOA reserve review

as an investor, all of the negative aspects of condos might eventually make them good investments – condos tend to take a disproportionate share of the overall decline (Rich’s charts show this already) – if the banks continue to dis-favor condo loans, condo prices should decline as a result – at the extreme, the banks would not issue ANY condo mortgages and the cash buyer would have a field day buying from forced sellers

[4plexowner]

“elaborate a bit more on why buying a condo is bad investment”

too many factors outside of my control – that is how I would summarize my opinion about putting hard-earned money into a condo

search the archives for “HOA” and you’ll find a host of issues that come along with your HOA – special assessments and non-paying members would be two issues to consider

do some research on the downtown condo market – unless it has changed dramatically, there is far more supply than demand – imagine being forced to sell a condo in a market of that type

“construction defect litigation” – this issue came about because of the poor quality of construction employed in attached housing units

you might check “condo conversions” in the archives as well – there are enough of these in San Diego that it is worthwhile understanding the related issues – quality of the underlying apartment being the primary factor

supply and demand – supply: lots of condos / attached housing, fewer single family residences (SFR) – demand: given the choice, most people prefer the lifestyle of an SFR over a condo

obvious: the mortgage industry sees condos as a less desirable investment which is why the 0.75% difference is being discussed here

lifestyle: in attached housing sound travels through the structure of the building – you get to hear your neighbors opening and closing doors, flushing toilets, walking across floors, talking near your windows, etc – again, given the choice, most people prefer the lifestyle of an SFR over a condo – point being to put your money into the more desirable asset (SFR) because it is more likely to hold its value during slow times and also likely to appreciate more and faster in good times

if a condo makes sense for you as a primary residence do it with eyes wide open – understand the issues going in, research the HOA, don’t close escrow without getting a copy of the current HOA reserve review

as an investor, all of the negative aspects of condos might eventually make them good investments – condos tend to take a disproportionate share of the overall decline (Rich’s charts show this already) – if the banks continue to dis-favor condo loans, condo prices should decline as a result – at the extreme, the banks would not issue ANY condo mortgages and the cash buyer would have a field day buying from forced sellers

[4plexowner]

“elaborate a bit more on why buying a condo is bad investment”

too many factors outside of my control – that is how I would summarize my opinion about putting hard-earned money into a condo

search the archives for “HOA” and you’ll find a host of issues that come along with your HOA – special assessments and non-paying members would be two issues to consider

do some research on the downtown condo market – unless it has changed dramatically, there is far more supply than demand – imagine being forced to sell a condo in a market of that type

“construction defect litigation” – this issue came about because of the poor quality of construction employed in attached housing units

you might check “condo conversions” in the archives as well – there are enough of these in San Diego that it is worthwhile understanding the related issues – quality of the underlying apartment being the primary factor

supply and demand – supply: lots of condos / attached housing, fewer single family residences (SFR) – demand: given the choice, most people prefer the lifestyle of an SFR over a condo

obvious: the mortgage industry sees condos as a less desirable investment which is why the 0.75% difference is being discussed here

lifestyle: in attached housing sound travels through the structure of the building – you get to hear your neighbors opening and closing doors, flushing toilets, walking across floors, talking near your windows, etc – again, given the choice, most people prefer the lifestyle of an SFR over a condo – point being to put your money into the more desirable asset (SFR) because it is more likely to hold its value during slow times and also likely to appreciate more and faster in good times

if a condo makes sense for you as a primary residence do it with eyes wide open – understand the issues going in, research the HOA, don’t close escrow without getting a copy of the current HOA reserve review

as an investor, all of the negative aspects of condos might eventually make them good investments – condos tend to take a disproportionate share of the overall decline (Rich’s charts show this already) – if the banks continue to dis-favor condo loans, condo prices should decline as a result – at the extreme, the banks would not issue ANY condo mortgages and the cash buyer would have a field day buying from forced sellers

[Author]

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