Forum Replies Created
-
AuthorPosts
-
bob007
ParticipantI do not know why people blame the realtors and lenders. People on this board have to blame their own countrymen first. Ignorance is no excuse.
ParticipantI do not know why people blame the realtors and lenders. People on this board have to blame their own countrymen first. Ignorance is no excuse.
ParticipantWhat is the cost of constructing the place ? Assume land is free
ParticipantI sympathize with most people on this board.
A lot of things in this world are weird.
1. USA the largest foreign debtor attracts the most capital in the world.2. Short term interest rates are higher than long term interest rates in the USA. It has been that way for several months.
It is possible that housing bust is confined to South Florida, Arizona, Las Vegas, Central Valley, Southern California.
The basic advice is to buy a house if you can afford it and you want to enjoy it. Otherwise rent what you can afford.
February 1, 2007 at 7:07 PM in reply to: Federal Reserve Montary Policy in Light of An Asset Bubble #44638ParticipantI have no trouble with the Fed response after 9-11. I have troubles with their responses to the East Asian problems of the mid-1990s, margin requirements in the 1990s
February 1, 2007 at 7:07 PM in reply to: Federal Reserve Montary Policy in Light of An Asset Bubble #44637ParticipantI have no trouble with the Fed response after 9-11. I have troubles with their responses to the East Asian problems of the mid-1990s, margin requirements in the 1990s
ParticipantI think the green space crowd, immigration, influx of skilled professionals from Asia, limited land in coastal areas, Fed interest rates have a bigger impact on the housing bubble.
Prop 13 has a minor impact in that some longtime homeowners in coastal California may not be able to pay property tax on their homes if they were assessed at the current inflated value.
Participantthe main problem in CA is prop 13. It keeps property taxes artifically low for long time property owners.
Participantthe main problem in CA is prop 13. It keeps property taxes artifically low for long time property owners.
ParticipantIt really depends on your financial situation.
5% CD on $2 million yields 100k a year. He would lose 30-35k annually to taxes.
Inflation @ 4% would wipe out 200k out of his $2 million principal in 4 years.
Do not expect a huge fall in real estate prices in Diamond Bar. It has a nice school district compared to Pomona.
Participanti know a lot of software engineers making below 100k. I was making 80k in 2004. there is a risk of losing job.
i do not think the housing bubble will truly ever burst until govt gets out of the housing sector
Participantis the school district good
ParticipantThe US economy will be in good shape in the short run (next 2-5 years) thanks to external forces.
China has the 2008 Olympics.
Japan and West Europe based MNCs will buy US assets to hedge against their declining populations
friendly OPEC powers will keep crude low to squeeze Iran and to help USA.
None of this will prevent implosion in housing market. My personal view is that all those “buyers on the sidelines” will stay on the sidelines until prices decline. But buyers cannot expect the housing market to collapse because of macro-economic problems in the US economy. AT least not for 5 years.
January 14, 2007 at 2:39 PM in reply to: There are still a lot of suckers willing to overpay for a home #43403Participantsome ppl can afford to be suckers
-
AuthorPosts