Forum Replies Created
-
AuthorPosts
-
CA renter
Participant[quote=flu]I’m sorry I hijacked this thread and talked about schools. When we should be talking about how effective the looters are looting Ferguson…
Anyone else notice that right when the riots started, that people were saying that the police using tear gas/riot gear/etc was being too aggressive..Then after a brief lull of calm, the rioters/looters returned and the police temporarily just stood by and did nothing…
You think that was deliberate?[/quote]
Of course it’s deliberate. They’ve giving them what they asked for. What else should people expect.
And the cop didn’t shoot some innocent kid who was just walking down the street. That “kid” was 6’4″ and 290+ pounds, had just robbed a store, then disobeyed a police officer’s request to get out of the middle of the street (and I get the grey area there), then slammed the car door on the cop when he was trying to exit the patrol car, and got into a physical altercation with the cop where he (supposedly) was trying to wrestle the gun away from the cop.
And cops don’t know if a person is unarmed. The best way to prove it is to listen to the cops and settle any disputes at the police station. Sue the hell out of them afterward if they violated your rights, etc. But do NOT get into a heated, physical fight with a cop.
Participant[quote=scaredyclassic]Article says she serves 50 percent in uk, so 36 m.[/quote]
Not nearly long enough.
Participant[quote=zk][quote=CA renter]
From the limited info I got, both of these women seemed to be “decent” people without any major prior arrests or convictions. They are both equally guilty.[/quote]
Just because a person has no major prior convictions doesn’t mean they’re decent. I’d say both these women are abominable.[/quote]
Agreed. That’s why I used the quotation marks. I was responding to Brian’s example of one person having a history of violent crimes vs. another who doesn’t.
Participant[quote=FlyerInHi][quote=zk]This is more like it.
This woman did basically the same thing as Kathy Rowe, and was sentenced to six years in prison.
From the article: “The judge said [the defendant] was in denial throughout proceedings, and that it was only by chance that the victim had not actually been raped.”
Sounds familiar.[/quote]
yes, but who said that the same crime merits the same punishment anywhere in the world.
If it were so, a public servant who dedicated his whole life to service but got caught with illegal drugs would get the same punishment as the “loser” who committed the same crime.
justice is not blind.[/quote]
From the limited info I got, both of these women seemed to be “decent” people without any major prior arrests or convictions. They are both equally guilty.
Participant[quote=FlyerInHi][quote=zk]This is more like it.
This woman did basically the same thing as Kathy Rowe, and was sentenced to six years in prison.
From the article: “The judge said [the defendant] was in denial throughout proceedings, and that it was only by chance that the victim had not actually been raped.”
Sounds familiar.[/quote]
From the limited info I got, both of these women seemed to be “decent” women without any major prior arrests or convictions. They are both equally guilty.
yes, but who said that the same crime merits the same punishment anywhere in the world.
If it were so, a public servant who dedicated his whole life to service but got caught with illegal drugs would get the same punishment as the “loser” who committed the same crime.
justice is not blind.[/quote]
Participant[quote=exsdgal]
As a final note, long time ago when considering our house purchase we made a casual remark about having to pay 6 1/2% interest, and one of my in-laws in her sweet Scottish accent commented āDad and I paid 18% as our mortgageā. Suffice to say that was the last we spoke and ended up purchasing a house valued 6x our household income. Interest rates do have an effect, and eventually buyer/seller will prioritize their requirements and adapt. e.g. smaller home, different area, postponing purchase, converting to rental etc.[/quote]
…lowering prices. š
Participant[quote=zk]This is more like it.
This woman did basically the same thing as Kathy Rowe, and was sentenced to six years in prison.
From the article: “The judge said [the defendant] was in denial throughout proceedings, and that it was only by chance that the victim had not actually been raped.”
Sounds familiar.[/quote]
Excellent find, zk. It’s amazing how similar these stories are.
Note that it says this was the shortest sentence the judge felt he could impose.
‘By the seriousness of these offences taking account the totality of the criminality, I impose the shortest sentence I feel I possibly can. That sentence is a sentence of six years imprisonment.’
Participant[quote=exsdgal][quote=CA renter]
Irrespective of interest rates? What about if/when the investors get out of the market? That could increase aggregate supply and decrease demand at the same time.[/quote]Afaik PQ did not have much investor activity relating to SFH during the downturn. There were good pricing on the condoās and not as many for single family residences. The few that did crop up required a fair amount of slab/foundation repairs.
Just considering one qualification – school district, I think PQ has some unique characteristics. 1) mostly low/zero mello-roos 2) good schools 3) great proximity to different work centers 4) ability to find decent sized lot homes sometimes w/ views 5) year around temperature
Folks who want to be in CV / Del Sur / 4S / Santa Luz will go for such places. If I were in the market for a primary residence in Poway Unified district I would give serious consideration to PQ. Just for a simple reason that a comparable 700-800K PQ lot home will cost 1mil+ in the new developments w/o counting the mello-roos/hoa etal.[/quote]
Absolutely, there is no question that some areas saw more speculative activity than others. But aggregate inventory levels do affect prices of the more stable areas, too. And while many people who buy in the areas you’ve listed have some money, there are still plenty of people who rely on mortgages in order to buy. Interest rates will still affect them as much as they’ll affect people buying lower-priced homes.
Participant[quote=scaredyclassic]I have no more predictions.
Only doubt.
And feeling aged.
Last kid started 7th grade. That’s the beginning of the end.
I shudder to think what I was doing in 7th grade!!![/quote]
That’s sad. š
Nothing marks time like watching one’s children grow up.
Nonetheless, I’m quite sure your son will continue to be awesome. At least you have one out the door in good shape, so there’s a precedent.
Participant[quote=deadzone][quote=CA renter][quote=The-Shoveler]I donāt know what Scaredy’s take is but my view is mostly stable to more or less normal market from here. (IMO it would take the lenders and the builders to go crazy again to really get a big downturn going, 10% that can happen anytime, 30% now that takes something unusual).
But I think the point that a 700K home is not usually a good rental is valid as well.
So maybe it does boil down to āare you planning to move back?ā[/quote]
Irrespective of interest rates? What about if/when the investors get out of the market? That could increase aggregate supply and decrease demand at the same time.[/quote]
Apparently that is already starting to happen if you read Diana Olicks column about San Diego real estate on CNBC today[/quote]
Yes, there are a number of sources out there who are witnessing the investors backing off, or even selling. The areas I watch in SD and LA counties have all seen a dramatic rise in inventory, along with a slowdown in sales. Other areas are supposedly seeing the same thing, based on the stories of others who are watching this.
Of course, even with the rise in inventory, it’s only coming off extremely low levels, so we’re not in a place where people need to panic. But if the trajectory continues, we’ll start to see more “normal” inventory levels. And if interest rates rise at the same time? I think the damage can be as devastating as in 2008 because there has been at least as much speculative activity this time around. Even though the leverage isn’t the same (as far as we know…leverage can be hidden in these deals), I think the motives of buyers and sellers is the same as during the bubble…and it’s all driven by the Fed’s confiscatory (from savers and “safe” investors) policies.
Participant[quote=The-Shoveler]I donāt know what Scaredy’s take is but my view is mostly stable to more or less normal market from here. (IMO it would take the lenders and the builders to go crazy again to really get a big downturn going, 10% that can happen anytime, 30% now that takes something unusual).
But I think the point that a 700K home is not usually a good rental is valid as well.
So maybe it does boil down to āare you planning to move back?ā[/quote]
Irrespective of interest rates? What about if/when the investors get out of the market? That could increase aggregate supply and decrease demand at the same time.
ParticipantScaredy, how do you see the market as we go forward?
ParticipantThank you for sharing this, HLS.
ParticipantExactly, deadzone.
-
AuthorPosts
