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bsrsharma
Participant“cheap foreign labor”
??? Sony only has designers and product developers in SD. No more assembly line/manufacturing workers. I hope a Product Architect is not “cheap foreign labor”!
August 7, 2007 at 3:02 PM in reply to: Anyone see the new Consumer Credit (and revised) Numbers?? WOW #71461Participant“American consumer continues to load up on credit card debt!”
HELOC/Refi days are over. Last gasp of the overleveraged consumer before the noose tightens. Then the sky high defaults will kill the credit card “industry”. Good riddance.
August 7, 2007 at 3:02 PM in reply to: Anyone see the new Consumer Credit (and revised) Numbers?? WOW #71576Participant“American consumer continues to load up on credit card debt!”
HELOC/Refi days are over. Last gasp of the overleveraged consumer before the noose tightens. Then the sky high defaults will kill the credit card “industry”. Good riddance.
August 7, 2007 at 3:02 PM in reply to: Anyone see the new Consumer Credit (and revised) Numbers?? WOW #71584Participant“American consumer continues to load up on credit card debt!”
HELOC/Refi days are over. Last gasp of the overleveraged consumer before the noose tightens. Then the sky high defaults will kill the credit card “industry”. Good riddance.
Participant“Plenty of Chinese get rejected for visas”
True; but I would doubt if anybody who wants to buy a holiday home in San Diego with cash will be rejected. All said and done, the visas are just a filter to keep poor people out. If they ever refuse a Visa to such a guy, it will be the ultimate irony. No visa for a cash buyer and no need for a visa to Jose from TJ to come and pick lettuce for sub-minimum wage!
Participant“Plenty of Chinese get rejected for visas”
True; but I would doubt if anybody who wants to buy a holiday home in San Diego with cash will be rejected. All said and done, the visas are just a filter to keep poor people out. If they ever refuse a Visa to such a guy, it will be the ultimate irony. No visa for a cash buyer and no need for a visa to Jose from TJ to come and pick lettuce for sub-minimum wage!
Participant“Plenty of Chinese get rejected for visas”
True; but I would doubt if anybody who wants to buy a holiday home in San Diego with cash will be rejected. All said and done, the visas are just a filter to keep poor people out. If they ever refuse a Visa to such a guy, it will be the ultimate irony. No visa for a cash buyer and no need for a visa to Jose from TJ to come and pick lettuce for sub-minimum wage!
Participant“3) foreigners are coming to SD;
5) inflation will save the day;”I think the above two are valid scenarios. By the time the fat lady sings, the political pressure on FED will be unbearable. They may crack and decide to kill the $ to stop the pain. If $ devalues by 50% or more, I can imagine a lot of offshore interest in SD. That’s what happened in Vancouver, BC. It quickly became a suburb of Hong Kong.
Participant“3) foreigners are coming to SD;
5) inflation will save the day;”I think the above two are valid scenarios. By the time the fat lady sings, the political pressure on FED will be unbearable. They may crack and decide to kill the $ to stop the pain. If $ devalues by 50% or more, I can imagine a lot of offshore interest in SD. That’s what happened in Vancouver, BC. It quickly became a suburb of Hong Kong.
Participant“3) foreigners are coming to SD;
5) inflation will save the day;”I think the above two are valid scenarios. By the time the fat lady sings, the political pressure on FED will be unbearable. They may crack and decide to kill the $ to stop the pain. If $ devalues by 50% or more, I can imagine a lot of offshore interest in SD. That’s what happened in Vancouver, BC. It quickly became a suburb of Hong Kong.
Participant“California home sales”
Make it US. BTW, the worst of the problems seems to be in Atlanta (going by inventory, more than 110K homes on market, by comparison, SD is 20K+). Any clue?
Participant“California home sales”
Make it US. BTW, the worst of the problems seems to be in Atlanta (going by inventory, more than 110K homes on market, by comparison, SD is 20K+). Any clue?
Participant“California home sales”
Make it US. BTW, the worst of the problems seems to be in Atlanta (going by inventory, more than 110K homes on market, by comparison, SD is 20K+). Any clue?
August 7, 2007 at 11:02 AM in reply to: Purchasing at the top just got pricier, the market is now being squeezed from two fronts #71338ParticipantAlso, a lot of “millionaires” based on (paper) house worth are now ex-millionaires (more like $417K’ers). Imagine what that will do to big-ticket spending. Looks like a socialist revolution!
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