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October 30, 2007 at 3:35 PM in reply to: 10% population in SD county are millionaires (exclude Primary RE)?! #93297October 30, 2007 at 1:30 PM in reply to: 10% population in SD county are millionaires (exclude Primary RE)?! #93210
Borat
ParticipantThat is COUNTY, not CITY. There are around 3M in the county, so approx. 3% of the population have at least a million american pesos.
October 30, 2007 at 1:30 PM in reply to: 10% population in SD county are millionaires (exclude Primary RE)?! #93245ParticipantThat is COUNTY, not CITY. There are around 3M in the county, so approx. 3% of the population have at least a million american pesos.
October 30, 2007 at 1:30 PM in reply to: 10% population in SD county are millionaires (exclude Primary RE)?! #93256ParticipantThat is COUNTY, not CITY. There are around 3M in the county, so approx. 3% of the population have at least a million american pesos.
October 1, 2007 at 2:05 PM in reply to: Dow at intraday high 14,000+ on expectation of “loosening of credit crunch.” #86613ParticipantIf that graph isn’t price adjusted for inflation then it just shows how debased the currency has become since the 1970s when we went off of the gold standard. We’re all playing with monopoly money now. Pretty soon everyone will be a millionaire!
ParticipantHunstville, AL. No comparison.
ParticipantThey’re slowly gonna make the currency worth as little as they can without causing the foreigners to dump their treasury instruments en masse. If they can devalue by 50%, voila they owe 50% as much money as they used to. By hiding real inflation behind a bogus CPI value they keep interest rates low while running the presses 24/7 and deflating the value. It’s brilliant! Unless of course you have your money in dollars and then it sucks. But of course Americans have debt not dollars so it’s good for them!
ParticipantThey WENT bankrupt trying to keep up in the arms race.
Ummmm I think the 10-year Afghan war had a little something to do with it too. I should know because I am from Kazakhstan. Jagshemash!
ParticipantAgreed about the inflation-adjusted dollars but not about the % of GDP since GDP includes government spending. Debt % of GDP is a good measure for some purposes but not for illustrating government growth. A communist government might only have a 20% debt/GDP ratio but still have 100% of its GDP dependent on government spending. There’s a good graph of inflation-adjusted debt on this page, which still shows explosive growth starting in 1980 and having only a slight slowdown during the end of Clinton’s presidency before rocketing up again in 2000.
My only point is that Ronnie’s administration didn’t live up to that quote. They spent and spent and spent some more without worrying where the money came from…
ParticipantSeptember 25, 2007 at 8:39 AM in reply to: Did this rate cut do anything to help the economy? #85811ParticipantOn one hand, some folks have been jumping on folks spending $3500+/month on mortgages.
Don’t forget that the vast majority of those people are also taking a huge tax write-off in the interest. Few of them (only work-from-home self-employed types) will be able to write off any of their rent. The rest will have to adjust their monthly housing cost downward by 800 or more to cover their now-higher tax bill as a renter…
Participantbrsharma, do you know anything about Dallas? Here’s some demographic info for the 75241 zip code where you found that “bargain” home for $130K. Check the crime stats. Yeah, that looks like a great deal. Why don’t you move there and if you survive a year, write back and tell us all about it!
August 31, 2007 at 3:54 PM in reply to: Why is Texas dirt cheap compared to California for real estate? #82861ParticipantWhy is Texas cheaper than San Diego? Here’s one reason.
ParticipantThis country deserves what it gets for voting that guy in twice. Now we will helplessly watch them steal our money while promising to protect us, just like they did with that Medicare drug giveaway. Worthless speculators will get to keep their houses, our savings will be eroded and we’ll all still be on this board b****ing about how houses are too expensive. Welcome to the third world everyone.
Hey, but at least you didn’t vote for the guy who said he invented the internet. Or the FLIP FLOPPER. You can all feel good about that.
ParticipantDoesn’t some blame need to fall on whoever de-regulated this silly business to allow loans to be packaged and re-sold? That just turned the whole housing market into a big game of hot potato/musical chairs with the last bank/pension fund holding the bag the loser. Also I would say that whoever was doing the ratings of those MBSes deserves some of the blame as there were clearly bad loans in many of them. And the appraisers that went along with the game. And the mortgage brokers. And of course the buyers themselves.
It’s sort of like that South Park episode about Wal-Mart where they find the secret that keeps the company growing and it’s just a mirror reflecting whoever looks into it. There is plenty of guilt to go around…
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