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carlsbadworker
Participant[quote=TheBreeze]I’m confused how the Fed can print money in order to buy $500 billion in MBS/CDO/etc without a spike in gold or treasury rates or a decrease in the value of the dollar. The Fed just announced that they are starting their purchases today, but gold is down quite a bit, the dollar is up pretty huge, and treasuries appear to be holding steady. It makes me think that the demand for U.S. debt is just insatiable. [/quote]
Actually here is the symptom of the next bubble: dollar/US-treasury is traded in a price range that does not make sense. However, I believe it is only the beginning stage of the bubble, when the world economy brings the rest of the world onto their knees, that bubble will peak. Once the world economy is back on its foot, everyone will realize that they are holding a ton of worthless paper. That’s when the real dire consequence that predicted by some of the doomsday predictors on this site might happen.
I agree that we will see some dead-cat bounce before then…until the root cause of the issue (U.S. debt bomb) would be finally challenged.
Participant[quote=TheBreeze]I’m confused how the Fed can print money in order to buy $500 billion in MBS/CDO/etc without a spike in gold or treasury rates or a decrease in the value of the dollar. The Fed just announced that they are starting their purchases today, but gold is down quite a bit, the dollar is up pretty huge, and treasuries appear to be holding steady. It makes me think that the demand for U.S. debt is just insatiable. [/quote]
Actually here is the symptom of the next bubble: dollar/US-treasury is traded in a price range that does not make sense. However, I believe it is only the beginning stage of the bubble, when the world economy brings the rest of the world onto their knees, that bubble will peak. Once the world economy is back on its foot, everyone will realize that they are holding a ton of worthless paper. That’s when the real dire consequence that predicted by some of the doomsday predictors on this site might happen.
I agree that we will see some dead-cat bounce before then…until the root cause of the issue (U.S. debt bomb) would be finally challenged.
Participant[quote=TheBreeze]I’m confused how the Fed can print money in order to buy $500 billion in MBS/CDO/etc without a spike in gold or treasury rates or a decrease in the value of the dollar. The Fed just announced that they are starting their purchases today, but gold is down quite a bit, the dollar is up pretty huge, and treasuries appear to be holding steady. It makes me think that the demand for U.S. debt is just insatiable. [/quote]
Actually here is the symptom of the next bubble: dollar/US-treasury is traded in a price range that does not make sense. However, I believe it is only the beginning stage of the bubble, when the world economy brings the rest of the world onto their knees, that bubble will peak. Once the world economy is back on its foot, everyone will realize that they are holding a ton of worthless paper. That’s when the real dire consequence that predicted by some of the doomsday predictors on this site might happen.
I agree that we will see some dead-cat bounce before then…until the root cause of the issue (U.S. debt bomb) would be finally challenged.
Participant[quote=TheBreeze]I’m confused how the Fed can print money in order to buy $500 billion in MBS/CDO/etc without a spike in gold or treasury rates or a decrease in the value of the dollar. The Fed just announced that they are starting their purchases today, but gold is down quite a bit, the dollar is up pretty huge, and treasuries appear to be holding steady. It makes me think that the demand for U.S. debt is just insatiable. [/quote]
Actually here is the symptom of the next bubble: dollar/US-treasury is traded in a price range that does not make sense. However, I believe it is only the beginning stage of the bubble, when the world economy brings the rest of the world onto their knees, that bubble will peak. Once the world economy is back on its foot, everyone will realize that they are holding a ton of worthless paper. That’s when the real dire consequence that predicted by some of the doomsday predictors on this site might happen.
I agree that we will see some dead-cat bounce before then…until the root cause of the issue (U.S. debt bomb) would be finally challenged.
Participant[quote=temeculaguy]I’ve taken about half a dozen off site e-mails from people asking about that tract, I always tell them to look elsewhere, it is a low price leader for a reason.[/quote]
I was tempted to buy in that tract when I was searching for the home, my wife talked me out of it. The other area that I almost bought was in north Temecula (between Nicolas Rd and Murrieta Hot Springs Rd). The price in those two areas seem to be the lowest (as well as the casino area, which I never intended to buy) in Temecula.
So far I am happy with the neighborhood we end up with (Temeku Hills). Tax is low and access to the freeway (and anything else in Temecula) is easy. Some claims they have Nazi HOA, but I’m the kind of person who would follow reasonable rules easily, so I hope that wouldn’t be an issue for me.
I was so busy last weekend but I hope I could get access to the clubhouse next weekend. After all, I am already paying this month’s HOA so I should get started using their facility.
Participant[quote=temeculaguy]I’ve taken about half a dozen off site e-mails from people asking about that tract, I always tell them to look elsewhere, it is a low price leader for a reason.[/quote]
I was tempted to buy in that tract when I was searching for the home, my wife talked me out of it. The other area that I almost bought was in north Temecula (between Nicolas Rd and Murrieta Hot Springs Rd). The price in those two areas seem to be the lowest (as well as the casino area, which I never intended to buy) in Temecula.
So far I am happy with the neighborhood we end up with (Temeku Hills). Tax is low and access to the freeway (and anything else in Temecula) is easy. Some claims they have Nazi HOA, but I’m the kind of person who would follow reasonable rules easily, so I hope that wouldn’t be an issue for me.
I was so busy last weekend but I hope I could get access to the clubhouse next weekend. After all, I am already paying this month’s HOA so I should get started using their facility.
Participant[quote=temeculaguy]I’ve taken about half a dozen off site e-mails from people asking about that tract, I always tell them to look elsewhere, it is a low price leader for a reason.[/quote]
I was tempted to buy in that tract when I was searching for the home, my wife talked me out of it. The other area that I almost bought was in north Temecula (between Nicolas Rd and Murrieta Hot Springs Rd). The price in those two areas seem to be the lowest (as well as the casino area, which I never intended to buy) in Temecula.
So far I am happy with the neighborhood we end up with (Temeku Hills). Tax is low and access to the freeway (and anything else in Temecula) is easy. Some claims they have Nazi HOA, but I’m the kind of person who would follow reasonable rules easily, so I hope that wouldn’t be an issue for me.
I was so busy last weekend but I hope I could get access to the clubhouse next weekend. After all, I am already paying this month’s HOA so I should get started using their facility.
Participant[quote=temeculaguy]I’ve taken about half a dozen off site e-mails from people asking about that tract, I always tell them to look elsewhere, it is a low price leader for a reason.[/quote]
I was tempted to buy in that tract when I was searching for the home, my wife talked me out of it. The other area that I almost bought was in north Temecula (between Nicolas Rd and Murrieta Hot Springs Rd). The price in those two areas seem to be the lowest (as well as the casino area, which I never intended to buy) in Temecula.
So far I am happy with the neighborhood we end up with (Temeku Hills). Tax is low and access to the freeway (and anything else in Temecula) is easy. Some claims they have Nazi HOA, but I’m the kind of person who would follow reasonable rules easily, so I hope that wouldn’t be an issue for me.
I was so busy last weekend but I hope I could get access to the clubhouse next weekend. After all, I am already paying this month’s HOA so I should get started using their facility.
Participant[quote=temeculaguy]I’ve taken about half a dozen off site e-mails from people asking about that tract, I always tell them to look elsewhere, it is a low price leader for a reason.[/quote]
I was tempted to buy in that tract when I was searching for the home, my wife talked me out of it. The other area that I almost bought was in north Temecula (between Nicolas Rd and Murrieta Hot Springs Rd). The price in those two areas seem to be the lowest (as well as the casino area, which I never intended to buy) in Temecula.
So far I am happy with the neighborhood we end up with (Temeku Hills). Tax is low and access to the freeway (and anything else in Temecula) is easy. Some claims they have Nazi HOA, but I’m the kind of person who would follow reasonable rules easily, so I hope that wouldn’t be an issue for me.
I was so busy last weekend but I hope I could get access to the clubhouse next weekend. After all, I am already paying this month’s HOA so I should get started using their facility.
Participant[quote=peterb]Inflation is still pretty far away. IMO. No multiplier effect and wages stuck. Unemployment rising. Defaults rising.
Debt in a depression is a recipe for financial failure. If you’re not in a position where you have to buy a house, I would wait until there are a few positive trends in the market….like unemployment decreasing instead of increasing.[/quote]It is explicit to everyone that if you don’t have a job, you don’t want to buy a house right now. But I don’t understand the reason why when you have a job, you want to wait for other unemployed people to get their jobs as well (thus competing with you on the house), before you decide to buy a house.
If you wait for the robin, spring will be over.
Participant[quote=peterb]Inflation is still pretty far away. IMO. No multiplier effect and wages stuck. Unemployment rising. Defaults rising.
Debt in a depression is a recipe for financial failure. If you’re not in a position where you have to buy a house, I would wait until there are a few positive trends in the market….like unemployment decreasing instead of increasing.[/quote]It is explicit to everyone that if you don’t have a job, you don’t want to buy a house right now. But I don’t understand the reason why when you have a job, you want to wait for other unemployed people to get their jobs as well (thus competing with you on the house), before you decide to buy a house.
If you wait for the robin, spring will be over.
Participant[quote=peterb]Inflation is still pretty far away. IMO. No multiplier effect and wages stuck. Unemployment rising. Defaults rising.
Debt in a depression is a recipe for financial failure. If you’re not in a position where you have to buy a house, I would wait until there are a few positive trends in the market….like unemployment decreasing instead of increasing.[/quote]It is explicit to everyone that if you don’t have a job, you don’t want to buy a house right now. But I don’t understand the reason why when you have a job, you want to wait for other unemployed people to get their jobs as well (thus competing with you on the house), before you decide to buy a house.
If you wait for the robin, spring will be over.
Participant[quote=peterb]Inflation is still pretty far away. IMO. No multiplier effect and wages stuck. Unemployment rising. Defaults rising.
Debt in a depression is a recipe for financial failure. If you’re not in a position where you have to buy a house, I would wait until there are a few positive trends in the market….like unemployment decreasing instead of increasing.[/quote]It is explicit to everyone that if you don’t have a job, you don’t want to buy a house right now. But I don’t understand the reason why when you have a job, you want to wait for other unemployed people to get their jobs as well (thus competing with you on the house), before you decide to buy a house.
If you wait for the robin, spring will be over.
Participant[quote=peterb]Inflation is still pretty far away. IMO. No multiplier effect and wages stuck. Unemployment rising. Defaults rising.
Debt in a depression is a recipe for financial failure. If you’re not in a position where you have to buy a house, I would wait until there are a few positive trends in the market….like unemployment decreasing instead of increasing.[/quote]It is explicit to everyone that if you don’t have a job, you don’t want to buy a house right now. But I don’t understand the reason why when you have a job, you want to wait for other unemployed people to get their jobs as well (thus competing with you on the house), before you decide to buy a house.
If you wait for the robin, spring will be over.
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