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4plexowner
Participant“More than half of Americans would like to see more government involvement in the U.S. financial system and believe that is the best way to restore public confidence.”
One of the challenges we face as Americans is that our population does not study history in any depth
History shows that government involvement in the economy always makes matters worse and leads to unintended consequences
As long as we continue to think that the government is some benevolent big brother who will altruistically take care of us, we are doomed to being serfs for the 1% of the population that actually pull the power strings in America
4plexowner
Participant“More than half of Americans would like to see more government involvement in the U.S. financial system and believe that is the best way to restore public confidence.”
One of the challenges we face as Americans is that our population does not study history in any depth
History shows that government involvement in the economy always makes matters worse and leads to unintended consequences
As long as we continue to think that the government is some benevolent big brother who will altruistically take care of us, we are doomed to being serfs for the 1% of the population that actually pull the power strings in America
4plexowner
Participant“More than half of Americans would like to see more government involvement in the U.S. financial system and believe that is the best way to restore public confidence.”
One of the challenges we face as Americans is that our population does not study history in any depth
History shows that government involvement in the economy always makes matters worse and leads to unintended consequences
As long as we continue to think that the government is some benevolent big brother who will altruistically take care of us, we are doomed to being serfs for the 1% of the population that actually pull the power strings in America
4plexowner
Participant“More than half of Americans would like to see more government involvement in the U.S. financial system and believe that is the best way to restore public confidence.”
One of the challenges we face as Americans is that our population does not study history in any depth
History shows that government involvement in the economy always makes matters worse and leads to unintended consequences
As long as we continue to think that the government is some benevolent big brother who will altruistically take care of us, we are doomed to being serfs for the 1% of the population that actually pull the power strings in America
4plexowner
ParticipantIMO smart people aren’t even considering real estate purchases right now so, from my perspective, anyone considering a real estate purchase is less-than-smart whether they happen to blog in Pigg-land or not
as always, there are caveats – if you are buying your dream property at a price that is affordable to you, more power to you and God Bless – in the four years I have been blogging here Chris (Johnson or ScoreBoar, I’m not sure which) is the only person I am aware of who has purchased their DREAM home (as opposed to just a house that makes sense for the current time and circumstances) – that’s one justifiable purchase in 4 years
and, I admit that I am very opinionated on this subject matter and could well be wrong
4plexowner
ParticipantIMO smart people aren’t even considering real estate purchases right now so, from my perspective, anyone considering a real estate purchase is less-than-smart whether they happen to blog in Pigg-land or not
as always, there are caveats – if you are buying your dream property at a price that is affordable to you, more power to you and God Bless – in the four years I have been blogging here Chris (Johnson or ScoreBoar, I’m not sure which) is the only person I am aware of who has purchased their DREAM home (as opposed to just a house that makes sense for the current time and circumstances) – that’s one justifiable purchase in 4 years
and, I admit that I am very opinionated on this subject matter and could well be wrong
4plexowner
ParticipantIMO smart people aren’t even considering real estate purchases right now so, from my perspective, anyone considering a real estate purchase is less-than-smart whether they happen to blog in Pigg-land or not
as always, there are caveats – if you are buying your dream property at a price that is affordable to you, more power to you and God Bless – in the four years I have been blogging here Chris (Johnson or ScoreBoar, I’m not sure which) is the only person I am aware of who has purchased their DREAM home (as opposed to just a house that makes sense for the current time and circumstances) – that’s one justifiable purchase in 4 years
and, I admit that I am very opinionated on this subject matter and could well be wrong
4plexowner
ParticipantIMO smart people aren’t even considering real estate purchases right now so, from my perspective, anyone considering a real estate purchase is less-than-smart whether they happen to blog in Pigg-land or not
as always, there are caveats – if you are buying your dream property at a price that is affordable to you, more power to you and God Bless – in the four years I have been blogging here Chris (Johnson or ScoreBoar, I’m not sure which) is the only person I am aware of who has purchased their DREAM home (as opposed to just a house that makes sense for the current time and circumstances) – that’s one justifiable purchase in 4 years
and, I admit that I am very opinionated on this subject matter and could well be wrong
4plexowner
ParticipantIMO smart people aren’t even considering real estate purchases right now so, from my perspective, anyone considering a real estate purchase is less-than-smart whether they happen to blog in Pigg-land or not
as always, there are caveats – if you are buying your dream property at a price that is affordable to you, more power to you and God Bless – in the four years I have been blogging here Chris (Johnson or ScoreBoar, I’m not sure which) is the only person I am aware of who has purchased their DREAM home (as opposed to just a house that makes sense for the current time and circumstances) – that’s one justifiable purchase in 4 years
and, I admit that I am very opinionated on this subject matter and could well be wrong
4plexowner
ParticipantRt.66 – one of the reasons I continue hanging around Pigg-land (OK, I’m addicted!) is to gauge sentiment
I have high confidence in these data points:
1. San Diego real estate was a bubble that has now burst
2. bubble dynamics say that ALL financial bubbles (not some, or most – ALL) fully retrace to their starting points and often overshoot to the downside
3. market psychology says that a significant downward trend (economy, real estate, consumer sentiment, incomes, rents) will not end until there is a capitulation phase – people involved in the market will be utterly repulsed by the ongoing decline – even the least economically-savvy guy on the street will ‘know’ that it is a bad idea to get involved in the declining market
As long as we continue to have threads where people are trying to rationalize purchasing San Diego real estate (especially rental property!) I will remain convinced that the RE bottom is off in the future somewhere – at the true bottom in our real estate market I doubt there will be many people blogging about real estate at all – most people will be repulsed by the mere thought of real estate and smart people who have maintained the ability to actually purchase property will be busy doing so
4plexowner
ParticipantRt.66 – one of the reasons I continue hanging around Pigg-land (OK, I’m addicted!) is to gauge sentiment
I have high confidence in these data points:
1. San Diego real estate was a bubble that has now burst
2. bubble dynamics say that ALL financial bubbles (not some, or most – ALL) fully retrace to their starting points and often overshoot to the downside
3. market psychology says that a significant downward trend (economy, real estate, consumer sentiment, incomes, rents) will not end until there is a capitulation phase – people involved in the market will be utterly repulsed by the ongoing decline – even the least economically-savvy guy on the street will ‘know’ that it is a bad idea to get involved in the declining market
As long as we continue to have threads where people are trying to rationalize purchasing San Diego real estate (especially rental property!) I will remain convinced that the RE bottom is off in the future somewhere – at the true bottom in our real estate market I doubt there will be many people blogging about real estate at all – most people will be repulsed by the mere thought of real estate and smart people who have maintained the ability to actually purchase property will be busy doing so
4plexowner
ParticipantRt.66 – one of the reasons I continue hanging around Pigg-land (OK, I’m addicted!) is to gauge sentiment
I have high confidence in these data points:
1. San Diego real estate was a bubble that has now burst
2. bubble dynamics say that ALL financial bubbles (not some, or most – ALL) fully retrace to their starting points and often overshoot to the downside
3. market psychology says that a significant downward trend (economy, real estate, consumer sentiment, incomes, rents) will not end until there is a capitulation phase – people involved in the market will be utterly repulsed by the ongoing decline – even the least economically-savvy guy on the street will ‘know’ that it is a bad idea to get involved in the declining market
As long as we continue to have threads where people are trying to rationalize purchasing San Diego real estate (especially rental property!) I will remain convinced that the RE bottom is off in the future somewhere – at the true bottom in our real estate market I doubt there will be many people blogging about real estate at all – most people will be repulsed by the mere thought of real estate and smart people who have maintained the ability to actually purchase property will be busy doing so
4plexowner
ParticipantRt.66 – one of the reasons I continue hanging around Pigg-land (OK, I’m addicted!) is to gauge sentiment
I have high confidence in these data points:
1. San Diego real estate was a bubble that has now burst
2. bubble dynamics say that ALL financial bubbles (not some, or most – ALL) fully retrace to their starting points and often overshoot to the downside
3. market psychology says that a significant downward trend (economy, real estate, consumer sentiment, incomes, rents) will not end until there is a capitulation phase – people involved in the market will be utterly repulsed by the ongoing decline – even the least economically-savvy guy on the street will ‘know’ that it is a bad idea to get involved in the declining market
As long as we continue to have threads where people are trying to rationalize purchasing San Diego real estate (especially rental property!) I will remain convinced that the RE bottom is off in the future somewhere – at the true bottom in our real estate market I doubt there will be many people blogging about real estate at all – most people will be repulsed by the mere thought of real estate and smart people who have maintained the ability to actually purchase property will be busy doing so
4plexowner
ParticipantRt.66 – one of the reasons I continue hanging around Pigg-land (OK, I’m addicted!) is to gauge sentiment
I have high confidence in these data points:
1. San Diego real estate was a bubble that has now burst
2. bubble dynamics say that ALL financial bubbles (not some, or most – ALL) fully retrace to their starting points and often overshoot to the downside
3. market psychology says that a significant downward trend (economy, real estate, consumer sentiment, incomes, rents) will not end until there is a capitulation phase – people involved in the market will be utterly repulsed by the ongoing decline – even the least economically-savvy guy on the street will ‘know’ that it is a bad idea to get involved in the declining market
As long as we continue to have threads where people are trying to rationalize purchasing San Diego real estate (especially rental property!) I will remain convinced that the RE bottom is off in the future somewhere – at the true bottom in our real estate market I doubt there will be many people blogging about real estate at all – most people will be repulsed by the mere thought of real estate and smart people who have maintained the ability to actually purchase property will be busy doing so
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