[CA renter]

While Encinitas won’t always be overpriced, it will always be expensive.
——————

Yes, just as Beverly Hills, Malibu, La Jolla, etc. will always be more expensive than O’side, Escondido, Van Nuys, etc. They always were, and probably will always be more expensive.

The point some are trying to make (I’m in this camp) is that the ratio between high/low-priced areas should not significantly change over time. Right now, the spread is very high, and unlikely to stay there.

The lower end has probably seen the greatest portion of its decline (though will likely see more, just at a slower pace). The high end is just beginning. These things **roll.** It does not happen to all places at exactly the same time.

BTW, it’s much more difficult to replace a $100K+++ job than a $25K job — especially in a **global** recession/depression where the stock markets and credit markets are constrained (less capital to fund new ventures, among other things). People will always need to shop at Wal-Mart. They will not always need to upgrade their software. The high end of the job market is more dependent on “wants” while the low end is more concentrated around “needs”.

The money from starter homes (not uncommon to see $200K+ down payments received from the sale of a crapshack in O’side during the peak) will no longer be able to prop up the next tier…

We have a long way to go, but, “to the patient go the spoils.”

[CA renter]

Agree with underdose.

This was just the foot in the door. From here, they will find a way to manipulate the amount they can spend, without voting on another bill.

It will “just happen” and most Americans will wake up one day (probably between now and February 1, 2009) to hear that the govt will now increase the limit to $2 trillion. At some point, it will be $5 trillion because: “THE CRISIS WILL MEAN THE END OF THE WORLD AND WE WILL ALL BE DOOOOOMED IF WE DON’T SPEND THIS MONEY!!! WE CAN’T TAKE THE TIME TO VOTE BECAUSE WE NEED THE MONEY NOW, NOW, NOW!!!”

Something like that. 😉

[CA renter]

Agree with underdose.

This was just the foot in the door. From here, they will find a way to manipulate the amount they can spend, without voting on another bill.

It will “just happen” and most Americans will wake up one day (probably between now and February 1, 2009) to hear that the govt will now increase the limit to $2 trillion. At some point, it will be $5 trillion because: “THE CRISIS WILL MEAN THE END OF THE WORLD AND WE WILL ALL BE DOOOOOMED IF WE DON’T SPEND THIS MONEY!!! WE CAN’T TAKE THE TIME TO VOTE BECAUSE WE NEED THE MONEY NOW, NOW, NOW!!!”

Something like that. 😉

[CA renter]

Agree with underdose.

This was just the foot in the door. From here, they will find a way to manipulate the amount they can spend, without voting on another bill.

It will “just happen” and most Americans will wake up one day (probably between now and February 1, 2009) to hear that the govt will now increase the limit to $2 trillion. At some point, it will be $5 trillion because: “THE CRISIS WILL MEAN THE END OF THE WORLD AND WE WILL ALL BE DOOOOOMED IF WE DON’T SPEND THIS MONEY!!! WE CAN’T TAKE THE TIME TO VOTE BECAUSE WE NEED THE MONEY NOW, NOW, NOW!!!”

Something like that. 😉

[CA renter]

Agree with underdose.

This was just the foot in the door. From here, they will find a way to manipulate the amount they can spend, without voting on another bill.

It will “just happen” and most Americans will wake up one day (probably between now and February 1, 2009) to hear that the govt will now increase the limit to $2 trillion. At some point, it will be $5 trillion because: “THE CRISIS WILL MEAN THE END OF THE WORLD AND WE WILL ALL BE DOOOOOMED IF WE DON’T SPEND THIS MONEY!!! WE CAN’T TAKE THE TIME TO VOTE BECAUSE WE NEED THE MONEY NOW, NOW, NOW!!!”

Something like that. 😉

[CA renter]

Agree with underdose.

This was just the foot in the door. From here, they will find a way to manipulate the amount they can spend, without voting on another bill.

It will “just happen” and most Americans will wake up one day (probably between now and February 1, 2009) to hear that the govt will now increase the limit to $2 trillion. At some point, it will be $5 trillion because: “THE CRISIS WILL MEAN THE END OF THE WORLD AND WE WILL ALL BE DOOOOOMED IF WE DON’T SPEND THIS MONEY!!! WE CAN’T TAKE THE TIME TO VOTE BECAUSE WE NEED THE MONEY NOW, NOW, NOW!!!”

Something like that. 😉

[CA renter]

Your experience is why I’ve been out since selling off my short (and a few long) positions last week.

This thing will rip the legs off most traders — long OR short, IMHO.

I think we will see volatility accelerate from here. As many of us have predicted (and we have yet to see if we’re right), this bailout is unlikely to do anything favorable for either the stock or credit markets. We may see some short-term improvement, but we’ll be right back to another “crisis” (but bigger) within the year, IMO.

They just can’t resist wasting taxpayers’ money at the very time we need to conserve everything. We need to vote all the “yes” voters out.

[CA renter]

Your experience is why I’ve been out since selling off my short (and a few long) positions last week.

This thing will rip the legs off most traders — long OR short, IMHO.

I think we will see volatility accelerate from here. As many of us have predicted (and we have yet to see if we’re right), this bailout is unlikely to do anything favorable for either the stock or credit markets. We may see some short-term improvement, but we’ll be right back to another “crisis” (but bigger) within the year, IMO.

They just can’t resist wasting taxpayers’ money at the very time we need to conserve everything. We need to vote all the “yes” voters out.

[CA renter]

Your experience is why I’ve been out since selling off my short (and a few long) positions last week.

This thing will rip the legs off most traders — long OR short, IMHO.

I think we will see volatility accelerate from here. As many of us have predicted (and we have yet to see if we’re right), this bailout is unlikely to do anything favorable for either the stock or credit markets. We may see some short-term improvement, but we’ll be right back to another “crisis” (but bigger) within the year, IMO.

They just can’t resist wasting taxpayers’ money at the very time we need to conserve everything. We need to vote all the “yes” voters out.

[CA renter]

Your experience is why I’ve been out since selling off my short (and a few long) positions last week.

This thing will rip the legs off most traders — long OR short, IMHO.

I think we will see volatility accelerate from here. As many of us have predicted (and we have yet to see if we’re right), this bailout is unlikely to do anything favorable for either the stock or credit markets. We may see some short-term improvement, but we’ll be right back to another “crisis” (but bigger) within the year, IMO.

They just can’t resist wasting taxpayers’ money at the very time we need to conserve everything. We need to vote all the “yes” voters out.

[CA renter]

Your experience is why I’ve been out since selling off my short (and a few long) positions last week.

This thing will rip the legs off most traders — long OR short, IMHO.

I think we will see volatility accelerate from here. As many of us have predicted (and we have yet to see if we’re right), this bailout is unlikely to do anything favorable for either the stock or credit markets. We may see some short-term improvement, but we’ll be right back to another “crisis” (but bigger) within the year, IMO.

They just can’t resist wasting taxpayers’ money at the very time we need to conserve everything. We need to vote all the “yes” voters out.

[CA renter]

Encinitas and South CBD are great places to raise a family if you like the suburbs.

As a Los Angeles native, it took a while for me to get used to it (still not there completely) because it’s pretty bland, race-wise. White and brown (both Lat Am and Asian), and that’s about it. Sucks if you like an active night life.

OTOH, it’s quite safe, clean, and shopping is pretty convenient. You have good schools, nice libraries, decent beaches (which can be way too crowded in the summer).

Not bad, but the houses ARE too expensive. Some are definitely coming down, though. These things roll from the outskirts-in, and from the poorer n’hoods to the wealthier ones. The Village Park area has come down rather significantly, and the area around RSF Rd and Melrose (in Carlsbad, with San Marcos schools, I believe) are certainly down from the peak.

Just have to give it time if you want to buy in these areas. We’ve been waiting for over four years (but still live here as renters — yay!), and will probably have to wait another two or more. 🙁

[CA renter]

Encinitas and South CBD are great places to raise a family if you like the suburbs.

As a Los Angeles native, it took a while for me to get used to it (still not there completely) because it’s pretty bland, race-wise. White and brown (both Lat Am and Asian), and that’s about it. Sucks if you like an active night life.

OTOH, it’s quite safe, clean, and shopping is pretty convenient. You have good schools, nice libraries, decent beaches (which can be way too crowded in the summer).

Not bad, but the houses ARE too expensive. Some are definitely coming down, though. These things roll from the outskirts-in, and from the poorer n’hoods to the wealthier ones. The Village Park area has come down rather significantly, and the area around RSF Rd and Melrose (in Carlsbad, with San Marcos schools, I believe) are certainly down from the peak.

Just have to give it time if you want to buy in these areas. We’ve been waiting for over four years (but still live here as renters — yay!), and will probably have to wait another two or more. 🙁

[CA renter]

Encinitas and South CBD are great places to raise a family if you like the suburbs.

As a Los Angeles native, it took a while for me to get used to it (still not there completely) because it’s pretty bland, race-wise. White and brown (both Lat Am and Asian), and that’s about it. Sucks if you like an active night life.

OTOH, it’s quite safe, clean, and shopping is pretty convenient. You have good schools, nice libraries, decent beaches (which can be way too crowded in the summer).

Not bad, but the houses ARE too expensive. Some are definitely coming down, though. These things roll from the outskirts-in, and from the poorer n’hoods to the wealthier ones. The Village Park area has come down rather significantly, and the area around RSF Rd and Melrose (in Carlsbad, with San Marcos schools, I believe) are certainly down from the peak.

Just have to give it time if you want to buy in these areas. We’ve been waiting for over four years (but still live here as renters — yay!), and will probably have to wait another two or more. 🙁

[CA renter]

Encinitas and South CBD are great places to raise a family if you like the suburbs.

As a Los Angeles native, it took a while for me to get used to it (still not there completely) because it’s pretty bland, race-wise. White and brown (both Lat Am and Asian), and that’s about it. Sucks if you like an active night life.

OTOH, it’s quite safe, clean, and shopping is pretty convenient. You have good schools, nice libraries, decent beaches (which can be way too crowded in the summer).

Not bad, but the houses ARE too expensive. Some are definitely coming down, though. These things roll from the outskirts-in, and from the poorer n’hoods to the wealthier ones. The Village Park area has come down rather significantly, and the area around RSF Rd and Melrose (in Carlsbad, with San Marcos schools, I believe) are certainly down from the peak.

Just have to give it time if you want to buy in these areas. We’ve been waiting for over four years (but still live here as renters — yay!), and will probably have to wait another two or more. 🙁

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