[anxvariety]

Why do you think overnight, a large scale wipeout could occur at any time?

I’m not claiming to have a crystal ball.. but it’s not like there hasn’t been banking collapses before.. can you think of many worse conditions for the banking system? For 4-5% APR I don’t personally feel that it’s worth the risk..

Hysteria doesn’t create gradual declines.. imagine being in the stock market without having any stop losses set.. that’s how I feel about having my money in banks right now.. do you really think in some mass financial hysteria that you’d be able to walk into your bank and pull out however much money you want? The banks are willing to screw people even in the good times with fees and other garbage while hiding behind engineered beauracracy.. In the bad times, the teller line is not a line I want to stand in…

Did you buy at the top and sell recently? Because you’re talking about 22% losses.. I own bullion and I haven’t lost or gained anything.. because I haven’t sold it.. and if you check my post it says I’m going to start accumluting more bullion.. if it’s 22% off it’s high, that’s great I’ll own even more!

[anxvariety]

I’ve seen sign spinners with company shirts on.. like they’re working for a staffing company that specializes in sign spinning.

I think it’s trashy and cities should not allow it.. not to mention it’s a distraction at the most dangerous area – an intersection.

Years ago I would say people should be able to do whatever.. but I’ve been to places like Las Vegas a few times, and I see how trashy an area can become if there arent restrictions on advertising and other things…

[anxvariety]

Gold is down.. but it’s trend is still up up up.. this is just an opportunity to buy and be happy that you’re not overpaying…

I don’t think gold is going anywhere.. check the charts for the last 1000 years.

[anxvariety]

Powayseller, you post more than anyone.. alot of your posts are provactive, and some people might interpret that as passive aggressiveness… how is it possible to determine that by just reading text? So who’s really guilty.. I don’t think we can point blame.. let’s be fair.

I think having people challenge you is something that comes with the territory.. you’re a high profile poster… you’ll eventually have to learn how to deal or brush off the negative side of it too or this is always going to happen.. those who can make you angry can pretty much control you.. and be careful about pulling the sexist card so easily, that’s going to piss off alot of fair people like me and also breathe air into the idea that you’re passive aggressive or have a vendetta to begin with..

Most everyone here are adults, and ended up reading and posting here because they are indepdendent thinkers.. of course its going to get hot sometimes, but no reason to act like you’re being persecuted or picked out of the crowd for no reason. The more opionions you have the more ways someone can disagree with you… deal with it.

[anxvariety]

The best response I’ve heard from someone when asking them this question was.. people are like rats, theyll find a way…

The goverment will probably throw some twist in IRA and tax sheltered savings to say that bankrupt people can use their savings to buy a house without penalty.. (Get it? It’s a joke..)

The US trains its sheep well.. from elementary school on, kids are told about the american dream… ”owning a house”.. so eventually in 10 years or so they’ll have enough fresh meat to do a shakedown of the middle class again..

This is some list!!!
http://www.amazon.com/gp/richpub/listmania/fullview/1BJTXO2QSI82T/104-9010536-4773519?%5Fencoding=UTF8

[anxvariety]

PD, I agree with you lots of places in arizona are beautiful.. Sedona, Flagstaff or the drive in between.. most people don’t really know much about the desert. Some people think the desert is hot 100% of hte time.. and don’t understand that it gets really cold in the desert sometimes too!

[anxvariety]

I played house and lost

I invested with 0 risk and lost it all

Local 2’x4′ hears ‘timberrr!!!!’ for second time

[anxvariety]

Most of the people I know that are about to retire don’t have much money(including assets; their ATM card with a driveway has already been maxed out).. I only know a few wealthy people.

Just look at the figures, most people just don’t have any savings.. that’s real bad, and I don’t know what the solution is… but I’m guessing its goign to be kids taking care of parents.. payback!

[anxvariety]

I’ve heard SLC is overpriced.. but there are still other areas on the 7th largest contintent that are priced low.

If you do a wage comparison and cost of living in Austin, TX vs. San Diego, CA – I BET(haven’t done the comparison)there is still a huge gap.. and Austin isn’t really a low priced area of Texas.

I think we’ll see lots of these areas boom while the big bubble high priced areas like San Diego are crashing.. just imagine what a huge exodous of people from Southern California to Texas and Utah will be like? I don’t think many markets are flexible enough to take huge influxes without a little chaos..

The people have to live somewhere argument still works, people just have to live where it’s affordable.. and even if a place in Texas should be $150k but it’s $250k, that’s still very affordable and even has some room to grow for someone coming from CA that just bailed out on their $700k loan..

The biggest question mark in my opinion is, where are they going to get that $250k, what does their credit look like at that point, and what are interest rates at? Most will probably end up renting these cheap homes… which makes any healing of the San Diego inventory look even more bleak!

[anxvariety]

I’m a software developer for a San Diego consulting company.. we have an incredible client base.. why incredible? Because the majority of htem are what I consider to be recssion proof – lots of gaming industry(Las Vegas) companies and also some bail bonds type companies. Crime and gambling baby!

Supposedly, First American title company is one of the highest paying places for software developers to go in San Diego and I’m always hearing about jobs they have.. I am happy with my job so I don’t pursue, but it sounds like they’re still hiring strong.

Less than a quarter mile from where I live are the new Genentech buildings in Oceanside.. these are some serious buildings, like huge sports arena looking buildings spanning many acres.. the building hasn’t even completed yet.. so I’m wondering what that situation is going to become from a jobs and economic slowdown standpoint.. I guess the shareholders will keep the thing afloat…

[anxvariety]

I tear down real estate investor seeks apprentice signs all the time.. well at least all the time when I saw them, I don’t see them anymore..

I’d say most stuff is going to go down… the only thing I can think of that I except to boom are moving and storage type services.

[anxvariety]

That ‘Real Estate Investor Seeks Apprentice’ business seems to be slowing.. LOL, haven’t seen many of those signs lately…

[anxvariety]

Yeah but they got a tax writeoff! 😉

[anxvariety]

I rented in a KB home and it was a peice of crap.. there was no insulation in the walls and everything felt cheap.

[anxvariety]

I would hope that someone that insists on buying at bare minimum does a lease option.. this way they can feel like they own the house, and at least have the choice of getting away from their strike price when the lease term ends… this scenario will at lease significantly reduce their losses and might even teach them a lesson.

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