[barnaby33]

Doesn’t prop 13 require that if the taxes are re-assessed lower that they are recaptured quite quickly? As in no 3% a year maximum increase?

Josh

[barnaby33]

Doesn’t prop 13 require that if the taxes are re-assessed lower that they are recaptured quite quickly? As in no 3% a year maximum increase?

Josh

[barnaby33]

Doesn’t prop 13 require that if the taxes are re-assessed lower that they are recaptured quite quickly? As in no 3% a year maximum increase?

Josh

[barnaby33]

Not that you’d actually do this, but putting your exact address up on a chat board isn’t the best idea. Maybe locate someone like one of the realtors on this board and then have your info forwarded to them through Rich.

Josh

[barnaby33]

Not that you’d actually do this, but putting your exact address up on a chat board isn’t the best idea. Maybe locate someone like one of the realtors on this board and then have your info forwarded to them through Rich.

Josh

[barnaby33]

Not that you’d actually do this, but putting your exact address up on a chat board isn’t the best idea. Maybe locate someone like one of the realtors on this board and then have your info forwarded to them through Rich.

Josh

[barnaby33]

Not that you’d actually do this, but putting your exact address up on a chat board isn’t the best idea. Maybe locate someone like one of the realtors on this board and then have your info forwarded to them through Rich.

Josh

[barnaby33]

Not that you’d actually do this, but putting your exact address up on a chat board isn’t the best idea. Maybe locate someone like one of the realtors on this board and then have your info forwarded to them through Rich.

Josh

[barnaby33]

sdduuuude I can add some color to the commentary. Most people who are deflationists look at deflation as a monetary event. If you will accept that in our system, money and credit are fungible, two that the last seven years have seen a huge run-up in the creation of that credit and finally that much of that credit is or will be destroyed you probably are a deflationist.

Most people though by no means all who are inflationists believe we can print our way out of the current problem, we can’t for several reasons. If deflation is a monetary event, so is inflation (forget rising prices thats just a symptom of inflation at times.) The inflation has already occurred via all of the lending that has been done against the collateral available (mostly houses.) Now that the collateral is over-encumbered, much of that debt is being destroyed as the borrowers default.

The problem we have is that debt is being destroyed through default faster than the Fed can get money injected into the system. The TAF and the newer spiffier bank bailout are just mechanisms to get money into circulation to stimulate spending. Furthermore the Fed cannot make banks lend. Since most of the collateral that banks would normally lend against is over-encumbered, or not worth what is already lent against it, they are scared to lend except at ever higher rates. That is why even though the Fed keeps lowering (an inflationary tactic if the money has nowhere productive to go) mortgages and consumer credit are getting more expensive. The Fed could just print. It can in fact do that (I was wrong in thinking that it couldn’t), but that would quickly cause an exodus from the dollar, something we have already seen but which would accelerate.

Furthermore how all of the collateral became over-encumbered is through the magic of fraud. Wall street convinced itself and others that you really could slice and dice risk and make it go away. The fact that it has turned out to be a disaster is why the nobody trusts the ratings assigned to all sorts of debt and so people with money refuse to buy the debt.

So the inflation of the last few years is leading to deflation, and the whole kit and kaboodle was based on the fraudulent idea that you really can squeeze 3 nickels from a dime. All of this was all too willingly aided by the hard slacking American consumer who was too dumb to, “do the math.”

Josh

[barnaby33]

sdduuuude I can add some color to the commentary. Most people who are deflationists look at deflation as a monetary event. If you will accept that in our system, money and credit are fungible, two that the last seven years have seen a huge run-up in the creation of that credit and finally that much of that credit is or will be destroyed you probably are a deflationist.

Most people though by no means all who are inflationists believe we can print our way out of the current problem, we can’t for several reasons. If deflation is a monetary event, so is inflation (forget rising prices thats just a symptom of inflation at times.) The inflation has already occurred via all of the lending that has been done against the collateral available (mostly houses.) Now that the collateral is over-encumbered, much of that debt is being destroyed as the borrowers default.

The problem we have is that debt is being destroyed through default faster than the Fed can get money injected into the system. The TAF and the newer spiffier bank bailout are just mechanisms to get money into circulation to stimulate spending. Furthermore the Fed cannot make banks lend. Since most of the collateral that banks would normally lend against is over-encumbered, or not worth what is already lent against it, they are scared to lend except at ever higher rates. That is why even though the Fed keeps lowering (an inflationary tactic if the money has nowhere productive to go) mortgages and consumer credit are getting more expensive. The Fed could just print. It can in fact do that (I was wrong in thinking that it couldn’t), but that would quickly cause an exodus from the dollar, something we have already seen but which would accelerate.

Furthermore how all of the collateral became over-encumbered is through the magic of fraud. Wall street convinced itself and others that you really could slice and dice risk and make it go away. The fact that it has turned out to be a disaster is why the nobody trusts the ratings assigned to all sorts of debt and so people with money refuse to buy the debt.

So the inflation of the last few years is leading to deflation, and the whole kit and kaboodle was based on the fraudulent idea that you really can squeeze 3 nickels from a dime. All of this was all too willingly aided by the hard slacking American consumer who was too dumb to, “do the math.”

Josh

[barnaby33]

sdduuuude I can add some color to the commentary. Most people who are deflationists look at deflation as a monetary event. If you will accept that in our system, money and credit are fungible, two that the last seven years have seen a huge run-up in the creation of that credit and finally that much of that credit is or will be destroyed you probably are a deflationist.

Most people though by no means all who are inflationists believe we can print our way out of the current problem, we can’t for several reasons. If deflation is a monetary event, so is inflation (forget rising prices thats just a symptom of inflation at times.) The inflation has already occurred via all of the lending that has been done against the collateral available (mostly houses.) Now that the collateral is over-encumbered, much of that debt is being destroyed as the borrowers default.

The problem we have is that debt is being destroyed through default faster than the Fed can get money injected into the system. The TAF and the newer spiffier bank bailout are just mechanisms to get money into circulation to stimulate spending. Furthermore the Fed cannot make banks lend. Since most of the collateral that banks would normally lend against is over-encumbered, or not worth what is already lent against it, they are scared to lend except at ever higher rates. That is why even though the Fed keeps lowering (an inflationary tactic if the money has nowhere productive to go) mortgages and consumer credit are getting more expensive. The Fed could just print. It can in fact do that (I was wrong in thinking that it couldn’t), but that would quickly cause an exodus from the dollar, something we have already seen but which would accelerate.

Furthermore how all of the collateral became over-encumbered is through the magic of fraud. Wall street convinced itself and others that you really could slice and dice risk and make it go away. The fact that it has turned out to be a disaster is why the nobody trusts the ratings assigned to all sorts of debt and so people with money refuse to buy the debt.

So the inflation of the last few years is leading to deflation, and the whole kit and kaboodle was based on the fraudulent idea that you really can squeeze 3 nickels from a dime. All of this was all too willingly aided by the hard slacking American consumer who was too dumb to, “do the math.”

Josh

[barnaby33]

sdduuuude I can add some color to the commentary. Most people who are deflationists look at deflation as a monetary event. If you will accept that in our system, money and credit are fungible, two that the last seven years have seen a huge run-up in the creation of that credit and finally that much of that credit is or will be destroyed you probably are a deflationist.

Most people though by no means all who are inflationists believe we can print our way out of the current problem, we can’t for several reasons. If deflation is a monetary event, so is inflation (forget rising prices thats just a symptom of inflation at times.) The inflation has already occurred via all of the lending that has been done against the collateral available (mostly houses.) Now that the collateral is over-encumbered, much of that debt is being destroyed as the borrowers default.

The problem we have is that debt is being destroyed through default faster than the Fed can get money injected into the system. The TAF and the newer spiffier bank bailout are just mechanisms to get money into circulation to stimulate spending. Furthermore the Fed cannot make banks lend. Since most of the collateral that banks would normally lend against is over-encumbered, or not worth what is already lent against it, they are scared to lend except at ever higher rates. That is why even though the Fed keeps lowering (an inflationary tactic if the money has nowhere productive to go) mortgages and consumer credit are getting more expensive. The Fed could just print. It can in fact do that (I was wrong in thinking that it couldn’t), but that would quickly cause an exodus from the dollar, something we have already seen but which would accelerate.

Furthermore how all of the collateral became over-encumbered is through the magic of fraud. Wall street convinced itself and others that you really could slice and dice risk and make it go away. The fact that it has turned out to be a disaster is why the nobody trusts the ratings assigned to all sorts of debt and so people with money refuse to buy the debt.

So the inflation of the last few years is leading to deflation, and the whole kit and kaboodle was based on the fraudulent idea that you really can squeeze 3 nickels from a dime. All of this was all too willingly aided by the hard slacking American consumer who was too dumb to, “do the math.”

Josh

[barnaby33]

sdduuuude I can add some color to the commentary. Most people who are deflationists look at deflation as a monetary event. If you will accept that in our system, money and credit are fungible, two that the last seven years have seen a huge run-up in the creation of that credit and finally that much of that credit is or will be destroyed you probably are a deflationist.

Most people though by no means all who are inflationists believe we can print our way out of the current problem, we can’t for several reasons. If deflation is a monetary event, so is inflation (forget rising prices thats just a symptom of inflation at times.) The inflation has already occurred via all of the lending that has been done against the collateral available (mostly houses.) Now that the collateral is over-encumbered, much of that debt is being destroyed as the borrowers default.

The problem we have is that debt is being destroyed through default faster than the Fed can get money injected into the system. The TAF and the newer spiffier bank bailout are just mechanisms to get money into circulation to stimulate spending. Furthermore the Fed cannot make banks lend. Since most of the collateral that banks would normally lend against is over-encumbered, or not worth what is already lent against it, they are scared to lend except at ever higher rates. That is why even though the Fed keeps lowering (an inflationary tactic if the money has nowhere productive to go) mortgages and consumer credit are getting more expensive. The Fed could just print. It can in fact do that (I was wrong in thinking that it couldn’t), but that would quickly cause an exodus from the dollar, something we have already seen but which would accelerate.

Furthermore how all of the collateral became over-encumbered is through the magic of fraud. Wall street convinced itself and others that you really could slice and dice risk and make it go away. The fact that it has turned out to be a disaster is why the nobody trusts the ratings assigned to all sorts of debt and so people with money refuse to buy the debt.

So the inflation of the last few years is leading to deflation, and the whole kit and kaboodle was based on the fraudulent idea that you really can squeeze 3 nickels from a dime. All of this was all too willingly aided by the hard slacking American consumer who was too dumb to, “do the math.”

Josh

[barnaby33]

TheBreeze, you are either trying to use a straw man, or ad hominem attack against geniuses. I can’t quite figure out which one. Either way I realize that I was being the punk. Posting my gains that was just childish vanity. No I was the punk for rising to your stupid penis size contest. For that I apologize.

However you are still wrong. If you read what I actually wrote, well never mind you wouldn’t do that, I’ll just repeat myself. There are times when DCA can work and work reasonably well. This however is not one of them. To espouse that it is, is ignorant and shows a complete lack of understanding of the fundamentals of investing. Throwing good money after bad IS NOT investing. Its speculating along the same lines as real estate always goes up.

As others have said multiple times, you may end up in black in a few years. I intend to stay that way the whole time. In a bear market its a lot riskier.

As I said before sorry for rising to the bait, good night and good luck.

Josh

[barnaby33]

TheBreeze, you are either trying to use a straw man, or ad hominem attack against geniuses. I can’t quite figure out which one. Either way I realize that I was being the punk. Posting my gains that was just childish vanity. No I was the punk for rising to your stupid penis size contest. For that I apologize.

However you are still wrong. If you read what I actually wrote, well never mind you wouldn’t do that, I’ll just repeat myself. There are times when DCA can work and work reasonably well. This however is not one of them. To espouse that it is, is ignorant and shows a complete lack of understanding of the fundamentals of investing. Throwing good money after bad IS NOT investing. Its speculating along the same lines as real estate always goes up.

As others have said multiple times, you may end up in black in a few years. I intend to stay that way the whole time. In a bear market its a lot riskier.

As I said before sorry for rising to the bait, good night and good luck.

Josh

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