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an
Participant[quote=spdrun]I wouldn’t call it speculative. Great brand recognition, excellent UI for when you want a communication device rather than a toy, excellent remote management tools, serious end-to-end crypto built in, and ability to run Android apps. And (for some reason) an FM radio built in 🙂
Buy when the lemmings are selling. Also, I’ve always had a bit of a soft spot for the firm and would like them to get their crap together and give the Big Three a run for their money again.[/quote]
BBRY, seriously? Yeah, good luck w/ that. I’m surprised BBRY isn’t dead yet.ParticipantGOOG bought MOT for their patents. Those of us who are in the industry assume that GOOG had no intention of holding onto MOT hardware division for very long. Which is why they sold off the connected home division of MOT pretty quickly.
Participant[quote=spdrun]^^^
Exactly right. Not really surprising to have another opportunity — dot.bomb to 2008 was about seven years, 2008 to 2015 is another seven.[/quote]Bring it. Who’s loving this last week’s dump? How much are you up?
Participant[quote=CA renter]IMHO, we are going to be in a deep recession by 2016/2017.[/quote]I don’t believe we are, but if we do, I say, bring it. I’m fully prepared to take advantage of it this time. I was kicking myself for not being more aggressive in the last crash. I can only wish I have another opportunity like it in my life time. I wouldn’t expect it to come this quickly.
Participant[quote=livinincali][quote=AN]People don’t sell unless they can buy another. People can’t buy if they don’t have a job. People don’t sell if they’re underwater. They won’t sell if they have no equity to help them buy their next house. So, you’ll never have # of sellers > # of buyers, if you have people able to stay in their houses for free. We’ve seen that happen recently.[/quote]
What about the real estate investors/speculators that bought with all cash. Can they sell?[/quote]Sure they can. The question is, would they? All cash investors are the strongest hand you have. People who have hundreds of thousands to $ are not the weak hands who would sell at the bottom of a crash. They’re the one who bought in 2008-2011. They’re also the one who bought the last time the DOW hit 6k-ish.
Participant[quote=spdrun]Someone will always want to buy or sell. If $numberofwillingbuyers < $numberofsellers by a large margin, then prices go down. Last spring's mini-bubble had as much to do with a buyers' frenzy as with restricted inventory. Market slows down, economy slows down, buyers will set on their hands and ask whether it's a good idea to buy now.[/quote]People don't sell unless they can buy another. People can't buy if they don't have a job. People don't sell if they're underwater. They won't sell if they have no equity to help them buy their next house. So, you'll never have # of sellers > # of buyers, if you have people able to stay in their houses for free. We’ve seen that happen recently.
Participant[quote=spdrun]Negatory on the unemployment being fun, but if housing prices fall to the last bottom, it would be a good opportunity. At this point, we have mechanisms in place to prevent foreclosure for bona fide owner occupants, so I don’t think it will be as rough as 2008.[/quote]I guess sarcasm doesn’t work well over the internet. It’s all inter-related. You can’t have a massing housing price crash without a great recession/depression. If you have great recession/depression, you’ll have high unemployment. You can’t have housing price crash if all the home owners get to stay in their house for free and not be evicted.
ParticipantDOW to 5K will mean recession worse than what we saw recently. Which means we’ll see housing price < than what we saw this last bottom and unemployment >10%. Yeah, that’ll be fun.
January 22, 2014 at 12:12 AM in reply to: OT — one more reason to fear lizard-infested suburbs with no walls #770052Participant[quote=paramount]I guess fresno and clovis are sort of like temecula and murrieta, twin cities attached at the hip. I do like clovis since it’s a bit more modern, it’s a college town and I really like having the Sierra’s for a backyard.[/quote]Uh, have you been to Fresno/Clovis area? It’s Fresno State, not Clovis State. Also, both have their new and old stock of houses. Fresno have a much bigger price variance than Clovis IMHO. Fresno have your really cheap houses in the Southern part, but it also have its “extremely” expensive part (Northern part, Van Ness Lake, Woodward Lake, etc). The Sierra’s as a background can be had in both Fresno and Clovis. I guess, I was just trying to see why you’d pick Clovis over Fresno, when you’re retiring and school no longer matter.
Participant[quote=flu][quote=dumbrenter][quote=flu]Look on the bright side.. It’s a Target. It could have been worse. It could have been a Walmart :)[/quote]
When are they going to open that 99 cent store there?[/quote]
I think they should go for a trifecta and add, for wings and beer, a Hooters just for completion. They do need more places to eat that are more family oriented….[/quote]There’s already a Hooters in West RB, next to the 15 🙂
January 17, 2014 at 11:12 PM in reply to: OT — one more reason to fear lizard-infested suburbs with no walls #769837Participant[quote=paramount]Wow, I had never heard of this pathogen/condition.
I was planning on retiring in the Central Valley (clovis specifically), no wonder the real estate is cheap.[/quote]I’m pretty sure Valley Fever is not the reason real estate there is cheap. I’m pretty sure it has to do with lack of jobs.
As to Clovis for retirement, why? You won’t care about schools when you retire, so why not Fresno instead? It’s even cheaper.
January 17, 2014 at 1:51 PM in reply to: OT — one more reason to fear lizard-infested suburbs with no walls #769825ParticipantLast I check, Bakersfield, Fresno, Sacramento are not suburbs.
ParticipantFYI, those 2/2 condos were selling for $180-185k at the bottom. Now, you’re seeing them listed in the $300k: http://www.sdlookup.com/MLS-140001710-10878_Aderman_Ave_175_San_Diego_CA_92126. I’m kicking myself in the ass for dropping out of a deal for one of those at $180k.
ParticipantIt must be the unbearable heat that’s getting these buyers from going crazy.
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