[blahblahblah]

Funny when the immigrant word is mentioned, you immediately think Mexican and Fillipino.

Here’s the first line of the original post, FLU, since you were obviously too busy to read it:

Indians, Chinese, Mexicans, and Philipinos on work visas received news this week that their pending change-of-status requests have been suddenly moved to “current”.

Note that it doesn’t say, “French, Germans, Saudis, and Japanese on work visas”, it says “Indians, Chinese, Mexicans, and Filipinos”. Every one of these groups is from a third world country not known for having a lot of rich folks who can afford 700K houses. Not to say there aren’t rich people there, but there are a lot fewer of them than in first world countries, and I just don’t see them having a lot of effect on our housing market.

[blahblahblah]

Funny when the immigrant word is mentioned, you immediately think Mexican and Fillipino.

Here’s the first line of the original post, FLU, since you were obviously too busy to read it:

Indians, Chinese, Mexicans, and Philipinos on work visas received news this week that their pending change-of-status requests have been suddenly moved to “current”.

Note that it doesn’t say, “French, Germans, Saudis, and Japanese on work visas”, it says “Indians, Chinese, Mexicans, and Filipinos”. Every one of these groups is from a third world country not known for having a lot of rich folks who can afford 700K houses. Not to say there aren’t rich people there, but there are a lot fewer of them than in first world countries, and I just don’t see them having a lot of effect on our housing market.

[blahblahblah]

Whoo-hoo, the SD housing market is saved! Here come THE RICH FILIPINOS AND MEXICANS to buy all of our $700K houses! Our realtors and mortgage brokers don’t have to return their leased BMWs just yet!!!

[blahblahblah]

Whoo-hoo, the SD housing market is saved! Here come THE RICH FILIPINOS AND MEXICANS to buy all of our $700K houses! Our realtors and mortgage brokers don’t have to return their leased BMWs just yet!!!

[blahblahblah]

Man, all of the old stories are crawling back out of the woodwork lately. In the last few days we’ve heard:

* There’s no more land so prices can’t fall
* Foreign buyers are gonna buy all of the houses and keep prices from falling
* The high end is immune
* It’s different here

Somebody put another record on, this one’s got a deep scratch in it and just keeps skipping over and over on the same part…

[blahblahblah]

Man, all of the old stories are crawling back out of the woodwork lately. In the last few days we’ve heard:

* There’s no more land so prices can’t fall
* Foreign buyers are gonna buy all of the houses and keep prices from falling
* The high end is immune
* It’s different here

Somebody put another record on, this one’s got a deep scratch in it and just keeps skipping over and over on the same part…

[blahblahblah]

All you prop 13 haters should read this

FYI, the correct spelling is now “haterz”. Speaking of which, it looks like the Casey Serin-haterz have driven him into exile!

[blahblahblah]

All you prop 13 haters should read this

FYI, the correct spelling is now “haterz”. Speaking of which, it looks like the Casey Serin-haterz have driven him into exile!

[blahblahblah]

I love it when the lady says — “They promised they wouldn’t sell these below the fair market value!” Guess what — they kept their promise. The FMV has just changed.

You are the weakest link. Goodbye!

[blahblahblah]

I love it when the lady says — “They promised they wouldn’t sell these below the fair market value!” Guess what — they kept their promise. The FMV has just changed.

You are the weakest link. Goodbye!

[blahblahblah]

The excess capital created by the E-Z credit boom and the MBS market could only be used to purchase one asset class (houses), and to a much smaller extent house-related goods (landscaping, granite countertops, etc…) and consumer goods via equity loans. That’s why house prices went up so much while rents increased only slightly. Had the fed simply printed more bills, all asset classes would have risen.

[blahblahblah]

The excess capital created by the E-Z credit boom and the MBS market could only be used to purchase one asset class (houses), and to a much smaller extent house-related goods (landscaping, granite countertops, etc…) and consumer goods via equity loans. That’s why house prices went up so much while rents increased only slightly. Had the fed simply printed more bills, all asset classes would have risen.

[blahblahblah]

Wow, I think you’re onto something there. There’s no more land so prices aren’t gonna fall. Better get out there and buy a house before the prices start going up again. If you don’t act now, you’ll be priced out forever. Everyone wants to live in California, after all.

I could go on but there’s really no point.

[blahblahblah]

Wow, I think you’re onto something there. There’s no more land so prices aren’t gonna fall. Better get out there and buy a house before the prices start going up again. If you don’t act now, you’ll be priced out forever. Everyone wants to live in California, after all.

I could go on but there’s really no point.

[blahblahblah]

Also don’t forget that people will try to salvage their home using every possible method at hand: credit cards, 401K loans, etc… That will drag this out even further. It’s going to be a long slow ride down.

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