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anxvarietyParticipant
I enjoy reading the site.. though I’m not adiccted. I feel that the forum takes quite a bit of energy to post and read.. The format of it doesn’t really fit anything I’m used to – and the font size and colors make it hard for me to read.
I know Rich is busy, but I can’t wait to see an updated more message board like forum π Is one coming? It would make it easier to recognize users if there were avatars and it would be easier to understand post context if there were better quoting and reply functionality. I think the forum usability is sacrificed in it’s ‘style’ – that is, fitting within the width and functionality of the site..
Overall though it’s minor compared to post quality and good users.. it’s really hard to get forums rolling, it requires critical mass – and with a niche subject like this Rich has done an impressive job.
anxvarietyParticipantMore bike hills and jumps! Yay!
anxvarietyParticipantI think this will last a long time maybe a whole generation.. because where is the savings?
Where will the market start generating artifical wealth next? Stock market again? I don’t know that peoples memories are short enough to create a frenzy.. plus where will most people get cash to invest? They’re all maxed out, no margin cash for them!
The good times got me pretty bummed out.. because everyone was having a good time, and all the big spenders get stuff to show off with… but I’m not realy like that, my opportunity comes more from a downturn.. so I’m really excited for this downturn, because I have cash saved up.. I don’t want to see people close to me get screwed, but it’s sort of their own doing if it happens..
anxvarietyParticipantMy guess is that this site is taking your attention away from her being miserable.. misery wants company and probably influence too… she might just want to disagree with whatever you say to argue and win, but this site has it’s hooks into you and you’re debating with her less in your silent sense of housing-decision confidence.
I believe some problems are almost unfixable and become especially hard when nostalgia is sacrificed in the solution.
Since you have 500k sitting around.. go buy a cabin on Palomar Mountain, they’re really cheap and the supply isn’t that high anyways.. or you can go to some other remote semi-vacation/relaxation area.. maybe an inexpensive retreat like this will help repair things..
anxvarietyParticipantAre you saying HelpUSell isn’t profiting? They are opening offices everywhere, maybe they are reinvesting the profits.. but they have to be profitable.
anxvarietyParticipant“discount RE brokerages are not sustainable business models”
I like most of your opinions sdrealtor.. but I’d like to see proof of that.
IMO realtors are very little value added.. they are mostly marketing.. something as simple as making a more public accessible listing service eliminates almost all the need and footwork of agents. 6% is way too high.. it doesn’t cost anywhere near 20k to sell a 300k home… lots of profit there.
anxvarietyParticipantMy guess.. this won’t fit into your basic supply demand chart .. because 1. houses are more expensive than most things and 2. people look at housing as an investment and understand cycles
But if you want to try and figure it out maybe can start with:
Elasticity of demand and supply
The degree of buyers` responsiveness to price changes. Elasticity is measured as the percent change in quantity divided by the percent change in price. A large value (greater than 1) of elasticity indicates Sensitivity of Demand to price, e.g., luxury goods. Goods with a small value of elasticity (less than 1) have a demand that is insensitive to price, e.g., food.
anxvarietyParticipantInflation or Recession?
I’m linking to a related and fresh article by Robert Kiyosaki(Rich Dard Poor Dad author)article, try it out before you judge him based on what you know.
http://finance.yahoo.com/columnist/article/richricher/7810
I heard about Mr Kiyosaki in and his books over the last few years and thought OH NO, another Cartlon Sheets make money with real estate with no money down type guy.. I would bash the guy regularly.. but lately he’s been writing more contrarian type articles and I really like his perspectives.. I’ve grown to respect his opinions now that I actually see what type of investor he is..
For what it’s worth I think we’re heading more towards great depression type cycle… majority do not have any cash, only plastic and debt thats really bad, especially in a recessionary period(depression seeds).. my strategy is gold for security and some profit.. and options trading for quick in and out type profits. and most of all, I have lots of water, rice, canned food and seeds should it get really crazy.. It takes very little preparation to be extremely prepared… Get yourself 1 weeks of food, and some planting seeds.. that few hours of preparation might save your life… probably won’t ever need it, but why not!? Oh, I also have 10 gallons of gas π Hey, I’m up on it, I bought it at $2.40 a gallon!
anxvarietyParticipantSounds pretty sensational.. He and the former client probably had some sort of a verbal agreement that dissappeared somewhere along the way…
anxvarietyParticipantObviously just because someone doesn’t reply doesn’t mean they’re hiding something or wrong.. BTW, Did Zeal ever respond to your email about metals? I sent Zeal an email questioning a few of their positions and they never responded… I sent them another email asking for their performance this year – they responded within a day and sent me several years worth.
Personally if I was a developer and wasn’t struggling to find customers, I wouldn’t find the time to respond to your email.. I think your email has some good questions in it like most of your posts, but if I were a person with multi-millions of dollars and 20 years of real estate experience I might not care to respond.. raw land is supposedly a totally different type of investing.. Myself, I am super excited to see what happens to desert land in the next 10 years.. I think people will move to affordability and that Southern California desert climate isn’t that bad if you build your house right.
I’ve noticed in alot of your posts you talk about price, demand and supply as if they are seperate.. You know theyre not, but I’m just pointing out one exasmple.. you said something like ‘i dont see any money to be made investing in yuma real estate over the next 5 years’ – are you completely disregarding price? What about that corner lot just off the exit thats going in(hypothetical) don’t you tihnk that lot will be valuable to a gas station regardless of the real estate market? What if it’s $100,000 dollars and the appraisal says $250k.. maybe a weak example, but putting things in black and white might be cutting too many corners..
anxvarietyParticipantThe reason I mentioned Cardiff is because I think it’s inexpensive for what it is.. good freeway access, pretty good beach, nice houses.. whoever is reading this will go there and decide for themselves what the people are like.
SDRealtor, have you been to CBS? ..and NO going there on Google Maps doesn’t count…
It is hip and cool I guess.. but I wouldn’t compare it to Encinitas or Leucadia.. those areas are more what they seem to be.. Cardiff seemed to me like a trust fund kid headquarters π
I lived in Cardiff for 9 months.. It was an observation that continously lingered and eventually the main factor in why I moved.. the people just weren’t friendly. I went to BCB almost everyday for lunch or dinner(next door to VGs).. Sure no one was ever super rude, but I can’t remember a single(not exaggerating)time I was engaged by anyone or had a conversation with a stranger for more than a few quick seconds.. I’ve lived in a lot of places, and have lots of friends… so I felt the pattern was worth mentioning to others.
anxvarietyParticipantIlliquidity is factored into the price.. You make it sound like market price is disconnected from volume or as if it’s some magic-pre-determined price.. market price is just what someone else is willing to buy it for.. not much demand I guess.
anxvarietyParticipantThere is no volume at all in the housing futures contracts.
Exaggerate much?
anxvarietyParticipantRich people also don’t pay interest on things that depreciate π
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