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May 26, 2011 at 6:23 AM in reply to: Well, looks like the U.S. of A. maxed out it’s credit cards…Lol…. #698910May 26, 2011 at 6:23 AM in reply to: Well, looks like the U.S. of A. maxed out it’s credit cards…Lol…. #699004
carlsbadworker
Participant[quote=briansd1]Who here who owns a house wants the repeal of the mortgage interest deduction?[/quote]
Me! Subsidy from the rent poor to the house rich never made any sense. However, I also favor put some of the Wallstreet crooks behind the bar while we are at it.
May 26, 2011 at 6:23 AM in reply to: Well, looks like the U.S. of A. maxed out it’s credit cards…Lol…. #699590Participant[quote=briansd1]Who here who owns a house wants the repeal of the mortgage interest deduction?[/quote]
Me! Subsidy from the rent poor to the house rich never made any sense. However, I also favor put some of the Wallstreet crooks behind the bar while we are at it.
May 26, 2011 at 6:23 AM in reply to: Well, looks like the U.S. of A. maxed out it’s credit cards…Lol…. #699736Participant[quote=briansd1]Who here who owns a house wants the repeal of the mortgage interest deduction?[/quote]
Me! Subsidy from the rent poor to the house rich never made any sense. However, I also favor put some of the Wallstreet crooks behind the bar while we are at it.
May 26, 2011 at 6:23 AM in reply to: Well, looks like the U.S. of A. maxed out it’s credit cards…Lol…. #700090Participant[quote=briansd1]Who here who owns a house wants the repeal of the mortgage interest deduction?[/quote]
Me! Subsidy from the rent poor to the house rich never made any sense. However, I also favor put some of the Wallstreet crooks behind the bar while we are at it.
Participant[quote=Ren] It’s only high compared to two years ago, and only when Temecula is the only market you’re looking at. Still insanely low compared to any comparable school district anywhere in so-cal. We paid $123/sf, which seemed high to us at the time, but if you do the math ($1k mortgage for a place that will rent for $1,800+), it’s hardly a bad deal.
Two years ago you could get an awesome spread (3ksf, large lot, pool, golf course) in Temecula for $350k. Now that same house will run you $450k+. I’m seeing prices heading south again, though.[/quote]
Why the topic has shifted to Temecula when the title is about San Diego?
I think price is all relative given what you value in life. I paid for lower than $100/sf for a move-in-ready house 2.5 years ago and I still often felt that I overpaid the house. Yet, on the other side, owning a house is truly beautiful with the extra spaces and all I can do with it…besides, it helps me financially to save the rent payment each month! Now, only if I can buy a farm and save my food expenses as well…
Participant[quote=Ren] It’s only high compared to two years ago, and only when Temecula is the only market you’re looking at. Still insanely low compared to any comparable school district anywhere in so-cal. We paid $123/sf, which seemed high to us at the time, but if you do the math ($1k mortgage for a place that will rent for $1,800+), it’s hardly a bad deal.
Two years ago you could get an awesome spread (3ksf, large lot, pool, golf course) in Temecula for $350k. Now that same house will run you $450k+. I’m seeing prices heading south again, though.[/quote]
Why the topic has shifted to Temecula when the title is about San Diego?
I think price is all relative given what you value in life. I paid for lower than $100/sf for a move-in-ready house 2.5 years ago and I still often felt that I overpaid the house. Yet, on the other side, owning a house is truly beautiful with the extra spaces and all I can do with it…besides, it helps me financially to save the rent payment each month! Now, only if I can buy a farm and save my food expenses as well…
Participant[quote=Ren] It’s only high compared to two years ago, and only when Temecula is the only market you’re looking at. Still insanely low compared to any comparable school district anywhere in so-cal. We paid $123/sf, which seemed high to us at the time, but if you do the math ($1k mortgage for a place that will rent for $1,800+), it’s hardly a bad deal.
Two years ago you could get an awesome spread (3ksf, large lot, pool, golf course) in Temecula for $350k. Now that same house will run you $450k+. I’m seeing prices heading south again, though.[/quote]
Why the topic has shifted to Temecula when the title is about San Diego?
I think price is all relative given what you value in life. I paid for lower than $100/sf for a move-in-ready house 2.5 years ago and I still often felt that I overpaid the house. Yet, on the other side, owning a house is truly beautiful with the extra spaces and all I can do with it…besides, it helps me financially to save the rent payment each month! Now, only if I can buy a farm and save my food expenses as well…
Participant[quote=Ren] It’s only high compared to two years ago, and only when Temecula is the only market you’re looking at. Still insanely low compared to any comparable school district anywhere in so-cal. We paid $123/sf, which seemed high to us at the time, but if you do the math ($1k mortgage for a place that will rent for $1,800+), it’s hardly a bad deal.
Two years ago you could get an awesome spread (3ksf, large lot, pool, golf course) in Temecula for $350k. Now that same house will run you $450k+. I’m seeing prices heading south again, though.[/quote]
Why the topic has shifted to Temecula when the title is about San Diego?
I think price is all relative given what you value in life. I paid for lower than $100/sf for a move-in-ready house 2.5 years ago and I still often felt that I overpaid the house. Yet, on the other side, owning a house is truly beautiful with the extra spaces and all I can do with it…besides, it helps me financially to save the rent payment each month! Now, only if I can buy a farm and save my food expenses as well…
Participant[quote=Ren] It’s only high compared to two years ago, and only when Temecula is the only market you’re looking at. Still insanely low compared to any comparable school district anywhere in so-cal. We paid $123/sf, which seemed high to us at the time, but if you do the math ($1k mortgage for a place that will rent for $1,800+), it’s hardly a bad deal.
Two years ago you could get an awesome spread (3ksf, large lot, pool, golf course) in Temecula for $350k. Now that same house will run you $450k+. I’m seeing prices heading south again, though.[/quote]
Why the topic has shifted to Temecula when the title is about San Diego?
I think price is all relative given what you value in life. I paid for lower than $100/sf for a move-in-ready house 2.5 years ago and I still often felt that I overpaid the house. Yet, on the other side, owning a house is truly beautiful with the extra spaces and all I can do with it…besides, it helps me financially to save the rent payment each month! Now, only if I can buy a farm and save my food expenses as well…
ParticipantThe bubble will never burst. It just reflects the lower productivity of the government funded education program. In fact, as Larry Summers observe, everything that the government touches, from healthcare to post office, is bound to have lower productivity growth and as a result its share of household expanses is going to increase. Maybe until the date that the government is so over-bloated that we are running into $14.3 trillion debt ceiling and S&P threatens to downgrade its AAA status…nah, I take it back.
A segment of the college bubble may burst though which is called for profit education. Steve Eisman is on it (he is one of the few who is famous for shorting the subprime mortgage):
http://en.wikipedia.org/wiki/Steve_EismanParticipantThe bubble will never burst. It just reflects the lower productivity of the government funded education program. In fact, as Larry Summers observe, everything that the government touches, from healthcare to post office, is bound to have lower productivity growth and as a result its share of household expanses is going to increase. Maybe until the date that the government is so over-bloated that we are running into $14.3 trillion debt ceiling and S&P threatens to downgrade its AAA status…nah, I take it back.
A segment of the college bubble may burst though which is called for profit education. Steve Eisman is on it (he is one of the few who is famous for shorting the subprime mortgage):
http://en.wikipedia.org/wiki/Steve_EismanParticipantThe bubble will never burst. It just reflects the lower productivity of the government funded education program. In fact, as Larry Summers observe, everything that the government touches, from healthcare to post office, is bound to have lower productivity growth and as a result its share of household expanses is going to increase. Maybe until the date that the government is so over-bloated that we are running into $14.3 trillion debt ceiling and S&P threatens to downgrade its AAA status…nah, I take it back.
A segment of the college bubble may burst though which is called for profit education. Steve Eisman is on it (he is one of the few who is famous for shorting the subprime mortgage):
http://en.wikipedia.org/wiki/Steve_EismanParticipantThe bubble will never burst. It just reflects the lower productivity of the government funded education program. In fact, as Larry Summers observe, everything that the government touches, from healthcare to post office, is bound to have lower productivity growth and as a result its share of household expanses is going to increase. Maybe until the date that the government is so over-bloated that we are running into $14.3 trillion debt ceiling and S&P threatens to downgrade its AAA status…nah, I take it back.
A segment of the college bubble may burst though which is called for profit education. Steve Eisman is on it (he is one of the few who is famous for shorting the subprime mortgage):
http://en.wikipedia.org/wiki/Steve_EismanParticipantThe bubble will never burst. It just reflects the lower productivity of the government funded education program. In fact, as Larry Summers observe, everything that the government touches, from healthcare to post office, is bound to have lower productivity growth and as a result its share of household expanses is going to increase. Maybe until the date that the government is so over-bloated that we are running into $14.3 trillion debt ceiling and S&P threatens to downgrade its AAA status…nah, I take it back.
A segment of the college bubble may burst though which is called for profit education. Steve Eisman is on it (he is one of the few who is famous for shorting the subprime mortgage):
http://en.wikipedia.org/wiki/Steve_Eisman -
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