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barnaby33ParticipantFeels pretty good actually. Your post has the tenor of a fear filled rant. Most of us are qualified and Asian scientists don’t make that much. By any objective series of facts you can drum up, we are headed for a large fall. Somewhere on the order of another 30% over 5 years. Hey we could be wrong, but I have put my money where my mouth is (put options that is.)
I haven’t seen you post before. I’ll give you the benefit of the doubt and just say you are ignorant. Both of whats going on and the historical context. Hopefully next time you post, you’ll have some facts to support your argument and proper grammar to be persuasive about it.
Josh
barnaby33ParticipantEven if the property isn’t in foreclosure?
Josh
barnaby33ParticipantTrue, and though we are occassionally graced with the presence of the rich (other than big T), most of us work for a living. I would venture to guess that for the most part people on this board have above average household incomes, but not much above the 100k level. For the vast majority of those hear, as well as in SoCal in general 350k is still alot of money, hence it needs to be invested well.
Josh
barnaby33ParticipantThe problem is CharlieG, that housing is too expensive. Even if you could get that house for 350k. It still represents such a large chunk of your earnings you are forced into thinking of it as an investment.
Josh
barnaby33ParticipantWhat is safe? How about cash, cash is good.
Josh
barnaby33ParticipantWhenever I hear the comment, “gay people will prop up the market, I laugh.” Most gay people that I have ever known work in the service industry. Those jobs ain’t proppin up nuthin.
Josh
barnaby33ParticipantSounds like you are looking at buying, despite your protestations to the contra. Del Cerro strikes me as very Clairemont-esque, as in tracking the median.
It seems like every couple of weeks or month someone posts a thread along the lines of yours, seeking opinions about buying something right now. It also seems like the responses are pretty uniform and go something like this.
“If you want to buy right now, just understand the market is set to decline pretty significantly across the board over the next few years. If however you love this place, then who are we to sway you not to buy, caveat emptor.”
Josh
barnaby33ParticipantTry prosper.com
Josh
barnaby33ParticipantI believe you can setup your phone so that blocked numbers can’t call you.
Josh
barnaby33ParticipantI think Mish just covered this, gold actually does better in deflationary periods than inflationary ones.
Josh
barnaby33ParticipantI’d go if I had a date, Perry are you free? There will be some scary people there and I don’t want to go alone.
Josh
February 19, 2007 at 4:14 PM in reply to: How will the IT community handle the coming housing crash/recession? #45787barnaby33ParticipantAt the low end all fields are crowded. Degree carrying software engineers, or equivalent, are in high demand right now. It is however as I said in a previous post, very boom bust.
As long as you lead on the technology curve it’ll be bumpy but there will be jobs. If however you want to do something less skilled, then you are now and will be in the future at more risk of losing your job.
Josh
barnaby33ParticipantBugs, I believe you meant to say, “markets can remain irrational longer than you can stay liquid.”
Josh
barnaby33Participant“People are walking away from their houses,” he says. “I’m giddy because I’m going to be so busy.”
Giddy doing what? Selling foreclosures requires buyers, there aren’t many of those around.
Josh
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