[blahblahblah]

There are always a certain number of forced sell situations arising. Death of a family member, severe illness with the corresponding high medical bills, divorce, job relocations, etc… In good markets these sales will not affect the going prices much. However in bad markets they can have a big effect. Just think of the families that bought in Del Mar in the 1970s. What happens when one of them gets cancer and needs a great deal of care? Once the insurance quits paying (and it always does) then it’s time to tap the house. They only paid $200K for it and if they can get $900K they can pay off their bills and still have enough left over to get a little condo in a senior community. So what if they could get $1.3M if they kept it on the market for 6 months. The bill collectors are calling today so old Mrs. Greene says “sell sell sell!” and someone gets a deal. Meanwhile everyone else in the neighborhood groans as a new low watermark has just been established.

Also, consider those aging families who had a substantial amount of their retirement in stocks and just lost half of it! Where is there retirement money going to come from now? You guessed it, that house they bought in 1972. Sell it and move to a senior community in Arizona with a nice chunk of change. Dad was tired of keeping up the yard anyway. He doesn’t get around like he used to, you know? And that dry heat is good for Mom’s arthritis…

I know, I know, these are contrived and unusual scenarios. Such sales will be overwhelmed by the hordes of Chinese tourists stepping off the cruise ships with suitcases full of money to purchase CV homes in cash. And of course all of the high-flying $250K/yr sales professionals and attorneys who will never be affected by the current downturn.

I’m just sayin’…

[blahblahblah]

There are always a certain number of forced sell situations arising. Death of a family member, severe illness with the corresponding high medical bills, divorce, job relocations, etc… In good markets these sales will not affect the going prices much. However in bad markets they can have a big effect. Just think of the families that bought in Del Mar in the 1970s. What happens when one of them gets cancer and needs a great deal of care? Once the insurance quits paying (and it always does) then it’s time to tap the house. They only paid $200K for it and if they can get $900K they can pay off their bills and still have enough left over to get a little condo in a senior community. So what if they could get $1.3M if they kept it on the market for 6 months. The bill collectors are calling today so old Mrs. Greene says “sell sell sell!” and someone gets a deal. Meanwhile everyone else in the neighborhood groans as a new low watermark has just been established.

Also, consider those aging families who had a substantial amount of their retirement in stocks and just lost half of it! Where is there retirement money going to come from now? You guessed it, that house they bought in 1972. Sell it and move to a senior community in Arizona with a nice chunk of change. Dad was tired of keeping up the yard anyway. He doesn’t get around like he used to, you know? And that dry heat is good for Mom’s arthritis…

I know, I know, these are contrived and unusual scenarios. Such sales will be overwhelmed by the hordes of Chinese tourists stepping off the cruise ships with suitcases full of money to purchase CV homes in cash. And of course all of the high-flying $250K/yr sales professionals and attorneys who will never be affected by the current downturn.

I’m just sayin’…

[blahblahblah]

My fiancee is a buyer in a retail store and she reports that the management is cutting purchases of almost everything. They are cutting stock to an absolute minimum. Sales are way down over last year. They sell mostly to upper middle class and the wealthy. So these groups are cutting back on their nonessential spending right now. Maybe that correlates to an increase in spending on houses, what do I know?

[blahblahblah]

My fiancee is a buyer in a retail store and she reports that the management is cutting purchases of almost everything. They are cutting stock to an absolute minimum. Sales are way down over last year. They sell mostly to upper middle class and the wealthy. So these groups are cutting back on their nonessential spending right now. Maybe that correlates to an increase in spending on houses, what do I know?

[blahblahblah]

My fiancee is a buyer in a retail store and she reports that the management is cutting purchases of almost everything. They are cutting stock to an absolute minimum. Sales are way down over last year. They sell mostly to upper middle class and the wealthy. So these groups are cutting back on their nonessential spending right now. Maybe that correlates to an increase in spending on houses, what do I know?

[blahblahblah]

My fiancee is a buyer in a retail store and she reports that the management is cutting purchases of almost everything. They are cutting stock to an absolute minimum. Sales are way down over last year. They sell mostly to upper middle class and the wealthy. So these groups are cutting back on their nonessential spending right now. Maybe that correlates to an increase in spending on houses, what do I know?

[blahblahblah]

My fiancee is a buyer in a retail store and she reports that the management is cutting purchases of almost everything. They are cutting stock to an absolute minimum. Sales are way down over last year. They sell mostly to upper middle class and the wealthy. So these groups are cutting back on their nonessential spending right now. Maybe that correlates to an increase in spending on houses, what do I know?

[blahblahblah]

All the information is interesting, but what can we do on a personal level?

Metals are a tough deal right now. You can buy gold and silver ETFs or mining stocks but the prices are being heavily manipulated. You can purchase physical metals but the US government has outlawed private ownership of these before (under FDR). If the Mad Max scenario hits expect them to do it again. If this occurs and you don’t turn in your metals, how will you use them to purchase anything? You will become a criminal and you’ll be dealing with criminals who can find out where you live (and keep your gold!), so how will you keep yourself safe? What will you tell the police after someone robs your illegal stash of gold? As you can see, there are many thorny problems here.

Honestly the only suggestions I can think of are:

A) Move it overseas into a foreign bank, especially if you have relatives or friends in that country that would assist you should you need to flee the hordes of looters, Blackwater goons, Marxist rebels, or whatever sort of nasties will be roaming our streets should the worst come to pass.

B) Purchase a home in the country with some land, access to water, sunshine, good soil, and in a place where it is neither too hot nor too cold to grow food. Learn the mysteries of chickens and goats and tomato plants and growing your own herbs and vegetables. Buy a shotgun or two to keep the nasties at bay. Get to know your neighbors and maybe bake them a pie and invite them to dinner.

C) Buy a sailboat, learn to sail and be ready to hightail it out of here at the first signs that the Thunderdome scenario is about to come to pass. Seriously, in San Diego this is a good option, especially when combined with A) If it’s a nice one, you can even live on it although it is a bit like living in a trailer park.

I wish I had better suggestions. Every investment I have made with my down payment money has been a loser so maybe I’m not the best person to ask. I don’t feel like such a genius for selling my house in 2005 anymore 🙁

[blahblahblah]

All the information is interesting, but what can we do on a personal level?

Metals are a tough deal right now. You can buy gold and silver ETFs or mining stocks but the prices are being heavily manipulated. You can purchase physical metals but the US government has outlawed private ownership of these before (under FDR). If the Mad Max scenario hits expect them to do it again. If this occurs and you don’t turn in your metals, how will you use them to purchase anything? You will become a criminal and you’ll be dealing with criminals who can find out where you live (and keep your gold!), so how will you keep yourself safe? What will you tell the police after someone robs your illegal stash of gold? As you can see, there are many thorny problems here.

Honestly the only suggestions I can think of are:

A) Move it overseas into a foreign bank, especially if you have relatives or friends in that country that would assist you should you need to flee the hordes of looters, Blackwater goons, Marxist rebels, or whatever sort of nasties will be roaming our streets should the worst come to pass.

B) Purchase a home in the country with some land, access to water, sunshine, good soil, and in a place where it is neither too hot nor too cold to grow food. Learn the mysteries of chickens and goats and tomato plants and growing your own herbs and vegetables. Buy a shotgun or two to keep the nasties at bay. Get to know your neighbors and maybe bake them a pie and invite them to dinner.

C) Buy a sailboat, learn to sail and be ready to hightail it out of here at the first signs that the Thunderdome scenario is about to come to pass. Seriously, in San Diego this is a good option, especially when combined with A) If it’s a nice one, you can even live on it although it is a bit like living in a trailer park.

I wish I had better suggestions. Every investment I have made with my down payment money has been a loser so maybe I’m not the best person to ask. I don’t feel like such a genius for selling my house in 2005 anymore 🙁

[blahblahblah]

All the information is interesting, but what can we do on a personal level?

Metals are a tough deal right now. You can buy gold and silver ETFs or mining stocks but the prices are being heavily manipulated. You can purchase physical metals but the US government has outlawed private ownership of these before (under FDR). If the Mad Max scenario hits expect them to do it again. If this occurs and you don’t turn in your metals, how will you use them to purchase anything? You will become a criminal and you’ll be dealing with criminals who can find out where you live (and keep your gold!), so how will you keep yourself safe? What will you tell the police after someone robs your illegal stash of gold? As you can see, there are many thorny problems here.

Honestly the only suggestions I can think of are:

A) Move it overseas into a foreign bank, especially if you have relatives or friends in that country that would assist you should you need to flee the hordes of looters, Blackwater goons, Marxist rebels, or whatever sort of nasties will be roaming our streets should the worst come to pass.

B) Purchase a home in the country with some land, access to water, sunshine, good soil, and in a place where it is neither too hot nor too cold to grow food. Learn the mysteries of chickens and goats and tomato plants and growing your own herbs and vegetables. Buy a shotgun or two to keep the nasties at bay. Get to know your neighbors and maybe bake them a pie and invite them to dinner.

C) Buy a sailboat, learn to sail and be ready to hightail it out of here at the first signs that the Thunderdome scenario is about to come to pass. Seriously, in San Diego this is a good option, especially when combined with A) If it’s a nice one, you can even live on it although it is a bit like living in a trailer park.

I wish I had better suggestions. Every investment I have made with my down payment money has been a loser so maybe I’m not the best person to ask. I don’t feel like such a genius for selling my house in 2005 anymore 🙁

[blahblahblah]

All the information is interesting, but what can we do on a personal level?

Metals are a tough deal right now. You can buy gold and silver ETFs or mining stocks but the prices are being heavily manipulated. You can purchase physical metals but the US government has outlawed private ownership of these before (under FDR). If the Mad Max scenario hits expect them to do it again. If this occurs and you don’t turn in your metals, how will you use them to purchase anything? You will become a criminal and you’ll be dealing with criminals who can find out where you live (and keep your gold!), so how will you keep yourself safe? What will you tell the police after someone robs your illegal stash of gold? As you can see, there are many thorny problems here.

Honestly the only suggestions I can think of are:

A) Move it overseas into a foreign bank, especially if you have relatives or friends in that country that would assist you should you need to flee the hordes of looters, Blackwater goons, Marxist rebels, or whatever sort of nasties will be roaming our streets should the worst come to pass.

B) Purchase a home in the country with some land, access to water, sunshine, good soil, and in a place where it is neither too hot nor too cold to grow food. Learn the mysteries of chickens and goats and tomato plants and growing your own herbs and vegetables. Buy a shotgun or two to keep the nasties at bay. Get to know your neighbors and maybe bake them a pie and invite them to dinner.

C) Buy a sailboat, learn to sail and be ready to hightail it out of here at the first signs that the Thunderdome scenario is about to come to pass. Seriously, in San Diego this is a good option, especially when combined with A) If it’s a nice one, you can even live on it although it is a bit like living in a trailer park.

I wish I had better suggestions. Every investment I have made with my down payment money has been a loser so maybe I’m not the best person to ask. I don’t feel like such a genius for selling my house in 2005 anymore 🙁

[blahblahblah]

All the information is interesting, but what can we do on a personal level?

Metals are a tough deal right now. You can buy gold and silver ETFs or mining stocks but the prices are being heavily manipulated. You can purchase physical metals but the US government has outlawed private ownership of these before (under FDR). If the Mad Max scenario hits expect them to do it again. If this occurs and you don’t turn in your metals, how will you use them to purchase anything? You will become a criminal and you’ll be dealing with criminals who can find out where you live (and keep your gold!), so how will you keep yourself safe? What will you tell the police after someone robs your illegal stash of gold? As you can see, there are many thorny problems here.

Honestly the only suggestions I can think of are:

A) Move it overseas into a foreign bank, especially if you have relatives or friends in that country that would assist you should you need to flee the hordes of looters, Blackwater goons, Marxist rebels, or whatever sort of nasties will be roaming our streets should the worst come to pass.

B) Purchase a home in the country with some land, access to water, sunshine, good soil, and in a place where it is neither too hot nor too cold to grow food. Learn the mysteries of chickens and goats and tomato plants and growing your own herbs and vegetables. Buy a shotgun or two to keep the nasties at bay. Get to know your neighbors and maybe bake them a pie and invite them to dinner.

C) Buy a sailboat, learn to sail and be ready to hightail it out of here at the first signs that the Thunderdome scenario is about to come to pass. Seriously, in San Diego this is a good option, especially when combined with A) If it’s a nice one, you can even live on it although it is a bit like living in a trailer park.

I wish I had better suggestions. Every investment I have made with my down payment money has been a loser so maybe I’m not the best person to ask. I don’t feel like such a genius for selling my house in 2005 anymore 🙁

[blahblahblah]

Also, didn’t FNMA and FMAC just lower the amount for loans that they are willing to buy? If I recall correctly San Diego went down from almost $700K to around $540K.

I’m sure CV won’t be affected though.

[blahblahblah]

Also, didn’t FNMA and FMAC just lower the amount for loans that they are willing to buy? If I recall correctly San Diego went down from almost $700K to around $540K.

I’m sure CV won’t be affected though.

[blahblahblah]

Also, didn’t FNMA and FMAC just lower the amount for loans that they are willing to buy? If I recall correctly San Diego went down from almost $700K to around $540K.

I’m sure CV won’t be affected though.

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