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CAwireman
ParticipantDan The Dart,
Awesome post and reference to the Dr. Housing Bubble article.
That one says is all!
Thanks!
===========================
[quote=danthedart]Have you guys read Dr. Housing Bubble’s latest?
A few interesting things from the article:
– The stock market is a bad indicator because its completely disconnected with what is happening in the real world. Remember the stock market has predicted 6 out of the last 0 economic recoveries and 12 out of the last 9 recessions.
– The peak of the alt-a option arm recasts will be in 2011.
– Unemployment was the driving factor in the last 2 housing collapses in California. Unemployment affects housing a lot more than it does the overall economy. [/quote]
ParticipantDan The Dart,
Awesome post and reference to the Dr. Housing Bubble article.
That one says is all!
Thanks!
===========================
[quote=danthedart]Have you guys read Dr. Housing Bubble’s latest?
A few interesting things from the article:
– The stock market is a bad indicator because its completely disconnected with what is happening in the real world. Remember the stock market has predicted 6 out of the last 0 economic recoveries and 12 out of the last 9 recessions.
– The peak of the alt-a option arm recasts will be in 2011.
– Unemployment was the driving factor in the last 2 housing collapses in California. Unemployment affects housing a lot more than it does the overall economy. [/quote]
ParticipantDan The Dart,
Awesome post and reference to the Dr. Housing Bubble article.
That one says is all!
Thanks!
===========================
[quote=danthedart]Have you guys read Dr. Housing Bubble’s latest?
A few interesting things from the article:
– The stock market is a bad indicator because its completely disconnected with what is happening in the real world. Remember the stock market has predicted 6 out of the last 0 economic recoveries and 12 out of the last 9 recessions.
– The peak of the alt-a option arm recasts will be in 2011.
– Unemployment was the driving factor in the last 2 housing collapses in California. Unemployment affects housing a lot more than it does the overall economy. [/quote]
May 2, 2009 at 5:12 PM in reply to: Stonebridge Estates / Scripps Preserve – What’s going on there? #391894ParticipantThose homes while nice and large, gotta cost a pretty penny to cool in the summer. Plenty of room for pools though, which cost what, $5K to $7K per year to maintain?
Still if you can afford it, it would be nice to have that kind of space….
[quote=HomeShopping]I think that sdrealtor is referring to the homes at Scripps Preserve listed below:
3-12-09 15572 Via La Ventana $735K
3-02-09 15533 Mission Preserve Pl $750K
3-30-09 15581 Via La Ventana $798KThose are some nice homes, ranging from 4600-5800 sf. Lot sizes averaged around 16,000 sf.
I think at those prices that Davidson may have sold below cost. I agree that we may not see those kinds of prices ever again.
If only the community were not so far from the freeway …
[/quote]
May 2, 2009 at 5:12 PM in reply to: Stonebridge Estates / Scripps Preserve – What’s going on there? #392157ParticipantThose homes while nice and large, gotta cost a pretty penny to cool in the summer. Plenty of room for pools though, which cost what, $5K to $7K per year to maintain?
Still if you can afford it, it would be nice to have that kind of space….
[quote=HomeShopping]I think that sdrealtor is referring to the homes at Scripps Preserve listed below:
3-12-09 15572 Via La Ventana $735K
3-02-09 15533 Mission Preserve Pl $750K
3-30-09 15581 Via La Ventana $798KThose are some nice homes, ranging from 4600-5800 sf. Lot sizes averaged around 16,000 sf.
I think at those prices that Davidson may have sold below cost. I agree that we may not see those kinds of prices ever again.
If only the community were not so far from the freeway …
[/quote]
May 2, 2009 at 5:12 PM in reply to: Stonebridge Estates / Scripps Preserve – What’s going on there? #392368ParticipantThose homes while nice and large, gotta cost a pretty penny to cool in the summer. Plenty of room for pools though, which cost what, $5K to $7K per year to maintain?
Still if you can afford it, it would be nice to have that kind of space….
[quote=HomeShopping]I think that sdrealtor is referring to the homes at Scripps Preserve listed below:
3-12-09 15572 Via La Ventana $735K
3-02-09 15533 Mission Preserve Pl $750K
3-30-09 15581 Via La Ventana $798KThose are some nice homes, ranging from 4600-5800 sf. Lot sizes averaged around 16,000 sf.
I think at those prices that Davidson may have sold below cost. I agree that we may not see those kinds of prices ever again.
If only the community were not so far from the freeway …
[/quote]
May 2, 2009 at 5:12 PM in reply to: Stonebridge Estates / Scripps Preserve – What’s going on there? #392420ParticipantThose homes while nice and large, gotta cost a pretty penny to cool in the summer. Plenty of room for pools though, which cost what, $5K to $7K per year to maintain?
Still if you can afford it, it would be nice to have that kind of space….
[quote=HomeShopping]I think that sdrealtor is referring to the homes at Scripps Preserve listed below:
3-12-09 15572 Via La Ventana $735K
3-02-09 15533 Mission Preserve Pl $750K
3-30-09 15581 Via La Ventana $798KThose are some nice homes, ranging from 4600-5800 sf. Lot sizes averaged around 16,000 sf.
I think at those prices that Davidson may have sold below cost. I agree that we may not see those kinds of prices ever again.
If only the community were not so far from the freeway …
[/quote]
May 2, 2009 at 5:12 PM in reply to: Stonebridge Estates / Scripps Preserve – What’s going on there? #392562ParticipantThose homes while nice and large, gotta cost a pretty penny to cool in the summer. Plenty of room for pools though, which cost what, $5K to $7K per year to maintain?
Still if you can afford it, it would be nice to have that kind of space….
[quote=HomeShopping]I think that sdrealtor is referring to the homes at Scripps Preserve listed below:
3-12-09 15572 Via La Ventana $735K
3-02-09 15533 Mission Preserve Pl $750K
3-30-09 15581 Via La Ventana $798KThose are some nice homes, ranging from 4600-5800 sf. Lot sizes averaged around 16,000 sf.
I think at those prices that Davidson may have sold below cost. I agree that we may not see those kinds of prices ever again.
If only the community were not so far from the freeway …
[/quote]
ParticipantGood points – also, trust is a big thing going forward. And keeping investment principle is more important than returns. Once biten, twice shy….
========================================
Americans Place a Renewed Premium on Trust
In keeping with consumers’ new appetite for security comes greater demand for predictable returns and guarantees. Eight in ten (80%) of those surveyed report that they are now more concerned with guarantees and stability than they are with returns; among Silents and Boomers, the percentages opting for stability over returns climbs to 91% and 84% respectively. While only 17% of Americans have already rebalanced their investment portfolios to reflect heightened appetite for stability, an additional 33% plan to take this step as a result of the financial crisis.The reputation of financial services organizations — like guarantees — is increasingly important to Americans as they build and/or reinforce their safety nets. More than nine in ten (91%) Americans agree with the statement “It is more important than ever to understand the financial health of the companies I do business with or am considering doing business with,” including 51% who strongly agree.
Despite budgetary pressures, 68% of Americans say they are generally willing to pay more for financial and protection products if they come from a company they trust. Two in ten (20%) Americans strongly support the idea of a “trust premium”; an additional 48% support it somewhat.
ParticipantGood points – also, trust is a big thing going forward. And keeping investment principle is more important than returns. Once biten, twice shy….
========================================
Americans Place a Renewed Premium on Trust
In keeping with consumers’ new appetite for security comes greater demand for predictable returns and guarantees. Eight in ten (80%) of those surveyed report that they are now more concerned with guarantees and stability than they are with returns; among Silents and Boomers, the percentages opting for stability over returns climbs to 91% and 84% respectively. While only 17% of Americans have already rebalanced their investment portfolios to reflect heightened appetite for stability, an additional 33% plan to take this step as a result of the financial crisis.The reputation of financial services organizations — like guarantees — is increasingly important to Americans as they build and/or reinforce their safety nets. More than nine in ten (91%) Americans agree with the statement “It is more important than ever to understand the financial health of the companies I do business with or am considering doing business with,” including 51% who strongly agree.
Despite budgetary pressures, 68% of Americans say they are generally willing to pay more for financial and protection products if they come from a company they trust. Two in ten (20%) Americans strongly support the idea of a “trust premium”; an additional 48% support it somewhat.
ParticipantGood points – also, trust is a big thing going forward. And keeping investment principle is more important than returns. Once biten, twice shy….
========================================
Americans Place a Renewed Premium on Trust
In keeping with consumers’ new appetite for security comes greater demand for predictable returns and guarantees. Eight in ten (80%) of those surveyed report that they are now more concerned with guarantees and stability than they are with returns; among Silents and Boomers, the percentages opting for stability over returns climbs to 91% and 84% respectively. While only 17% of Americans have already rebalanced their investment portfolios to reflect heightened appetite for stability, an additional 33% plan to take this step as a result of the financial crisis.The reputation of financial services organizations — like guarantees — is increasingly important to Americans as they build and/or reinforce their safety nets. More than nine in ten (91%) Americans agree with the statement “It is more important than ever to understand the financial health of the companies I do business with or am considering doing business with,” including 51% who strongly agree.
Despite budgetary pressures, 68% of Americans say they are generally willing to pay more for financial and protection products if they come from a company they trust. Two in ten (20%) Americans strongly support the idea of a “trust premium”; an additional 48% support it somewhat.
ParticipantGood points – also, trust is a big thing going forward. And keeping investment principle is more important than returns. Once biten, twice shy….
========================================
Americans Place a Renewed Premium on Trust
In keeping with consumers’ new appetite for security comes greater demand for predictable returns and guarantees. Eight in ten (80%) of those surveyed report that they are now more concerned with guarantees and stability than they are with returns; among Silents and Boomers, the percentages opting for stability over returns climbs to 91% and 84% respectively. While only 17% of Americans have already rebalanced their investment portfolios to reflect heightened appetite for stability, an additional 33% plan to take this step as a result of the financial crisis.The reputation of financial services organizations — like guarantees — is increasingly important to Americans as they build and/or reinforce their safety nets. More than nine in ten (91%) Americans agree with the statement “It is more important than ever to understand the financial health of the companies I do business with or am considering doing business with,” including 51% who strongly agree.
Despite budgetary pressures, 68% of Americans say they are generally willing to pay more for financial and protection products if they come from a company they trust. Two in ten (20%) Americans strongly support the idea of a “trust premium”; an additional 48% support it somewhat.
ParticipantGood points – also, trust is a big thing going forward. And keeping investment principle is more important than returns. Once biten, twice shy….
========================================
Americans Place a Renewed Premium on Trust
In keeping with consumers’ new appetite for security comes greater demand for predictable returns and guarantees. Eight in ten (80%) of those surveyed report that they are now more concerned with guarantees and stability than they are with returns; among Silents and Boomers, the percentages opting for stability over returns climbs to 91% and 84% respectively. While only 17% of Americans have already rebalanced their investment portfolios to reflect heightened appetite for stability, an additional 33% plan to take this step as a result of the financial crisis.The reputation of financial services organizations — like guarantees — is increasingly important to Americans as they build and/or reinforce their safety nets. More than nine in ten (91%) Americans agree with the statement “It is more important than ever to understand the financial health of the companies I do business with or am considering doing business with,” including 51% who strongly agree.
Despite budgetary pressures, 68% of Americans say they are generally willing to pay more for financial and protection products if they come from a company they trust. Two in ten (20%) Americans strongly support the idea of a “trust premium”; an additional 48% support it somewhat.
ParticipantThe Nimoy Baggins tape was a new one. But I saw the Shattner Rocket Man skit when it aired back in the 70’s and thought it corny.
Brings back memories……and shows my age….
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