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bubble_contagion
ParticipantExactly. Move your cash to U.S. Dollar inflation resistant investments. Buying a house to hedge against inflation would be the worst because it is a depreciating asset valued in devaluating U.S. dollars. Double whammy.
ParticipantExactly. Move your cash to U.S. Dollar inflation resistant investments. Buying a house to hedge against inflation would be the worst because it is a depreciating asset valued in devaluating U.S. dollars. Double whammy.
ParticipantI would like Carmel Valley to get hit like that but I would definitely not want to live there.
ParticipantI would like Carmel Valley to get hit like that but I would definitely not want to live there.
ParticipantI say go ahead and buy it. For you it is an emotional decision not a financial one. People buy new cars everyday for the pleasure not for economics. I am encouraging people that have good income and savings to buy right now. That way, at the bottom, there will be less competition.
ParticipantI say go ahead and buy it. For you it is an emotional decision not a financial one. People buy new cars everyday for the pleasure not for economics. I am encouraging people that have good income and savings to buy right now. That way, at the bottom, there will be less competition.
ParticipantI was just kidding, I don’t have a H1-B. Giving amnesty to the illegals is unfair for the people that have been slowly going through the complex and expensive legal process of immigration.
I also see the potential for much abuse since it will be impossible to tell who was here before Jan 1, 07 and who really has been working hard in the US and should be allowed to stay.
ParticipantI was just kidding, I don’t have a H1-B. Giving amnesty to the illegals is unfair for the people that have been slowly going through the complex and expensive legal process of immigration.
I also see the potential for much abuse since it will be impossible to tell who was here before Jan 1, 07 and who really has been working hard in the US and should be allowed to stay.
ParticipantI am a H1-B holder and if this bill passes I will say I’m illegal. Besides I kind of look Mexican 🙂 Yesterday I phoned 10 cousins and they are all preparing to fly here. I’ll vouch for them when asked if they were in the US before Jan 1, 07.
ParticipantI am a H1-B holder and if this bill passes I will say I’m illegal. Besides I kind of look Mexican 🙂 Yesterday I phoned 10 cousins and they are all preparing to fly here. I’ll vouch for them when asked if they were in the US before Jan 1, 07.
ParticipantVery difficult to get a work visa in Mexico but may be able to bribe your way through the system. Also immigrants from Central America get terribly abused by the army, local police and gangs when they enter Mexico’s southern border to cross to the US. For them, crossing Mexico is the hard part; once they get to the US border it gets lets risky.
BTW the workforce in Mexico is not tight. Only about 20% are formally employed and pay taxes. Everybody else is part of the “informal economy” just like illegals in the US. Mexico’s taxes are way higher than in the US to compensate for the fact that just a small sector of the population has to provide services for everybody. PEMEX revenues from oil sales to the US provide about 1/3 of Mexico’s Federal government budget.
Sale tax (IVA) in all Mexico is 15% for most goods except food and medicines and 20% for luxury goods (like restaurants). You do not see this because by law it must be included in the price. On top of this, federal taxes are higher than in the US but there is no state tax. If you make more than, I believe, US$50K you need to file taxes every quarter.
In Mexico, car registration, cell phone and internet cost are higher. Gas prices are about the same. Housing prices and groceries can be way cheaper, but by my calculations in US$, it is way more costly to live in nice a neighborhood in Mexico City than in a nice neighborhood of most large US cities like L.A. or Chicago.
ParticipantVery difficult to get a work visa in Mexico but may be able to bribe your way through the system. Also immigrants from Central America get terribly abused by the army, local police and gangs when they enter Mexico’s southern border to cross to the US. For them, crossing Mexico is the hard part; once they get to the US border it gets lets risky.
BTW the workforce in Mexico is not tight. Only about 20% are formally employed and pay taxes. Everybody else is part of the “informal economy” just like illegals in the US. Mexico’s taxes are way higher than in the US to compensate for the fact that just a small sector of the population has to provide services for everybody. PEMEX revenues from oil sales to the US provide about 1/3 of Mexico’s Federal government budget.
Sale tax (IVA) in all Mexico is 15% for most goods except food and medicines and 20% for luxury goods (like restaurants). You do not see this because by law it must be included in the price. On top of this, federal taxes are higher than in the US but there is no state tax. If you make more than, I believe, US$50K you need to file taxes every quarter.
In Mexico, car registration, cell phone and internet cost are higher. Gas prices are about the same. Housing prices and groceries can be way cheaper, but by my calculations in US$, it is way more costly to live in nice a neighborhood in Mexico City than in a nice neighborhood of most large US cities like L.A. or Chicago.
ParticipantSD RE sales from rereports.com
March 04: 2,366
April 04: 2,550March 05: 2,179
April 05: 2,268March 06: 1,880
April 06: 1,604March 07: 1,489
April 07: 1,451In the last two years sales have decreased from March to April and during 04 and 05 sales increased. Sales have been decreasing year-over-year during the last fours years while inventory increased by 400% when compared to March 04 (the absolute low). Still prices haven’t budged much. Go figure….
ParticipantSD RE sales from rereports.com
March 04: 2,366
April 04: 2,550March 05: 2,179
April 05: 2,268March 06: 1,880
April 06: 1,604March 07: 1,489
April 07: 1,451In the last two years sales have decreased from March to April and during 04 and 05 sales increased. Sales have been decreasing year-over-year during the last fours years while inventory increased by 400% when compared to March 04 (the absolute low). Still prices haven’t budged much. Go figure….
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