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CoronitaParticipantAn all brick-sided, picket-fence walled 4,000 sq-ft brand new house with granite kitchen and half-acre yard in Central Texas can be had for $250,000 currently. There are green meadows, sunshine, and plenty of spring waters to go with that. Give or take $200,000 for the weather-and-surfing tax, the same San Diego house should only add up to $450,000 for comparison. Anything above that should be outrageous. After all, you don't want to overpay for the trickle of undiluted water from the Colorado river infused with Moab, Utah's toxic dumpsite kool-aid watering the 4-Closure lawns.
Uh, yes but it's hill-billie texas. Hey, I can say that because I was born there.
CoronitaParticipantAn all brick-sided, picket-fence walled 4,000 sq-ft brand new house with granite kitchen and half-acre yard in Central Texas can be had for $250,000 currently. There are green meadows, sunshine, and plenty of spring waters to go with that. Give or take $200,000 for the weather-and-surfing tax, the same San Diego house should only add up to $450,000 for comparison. Anything above that should be outrageous. After all, you don't want to overpay for the trickle of undiluted water from the Colorado river infused with Moab, Utah's toxic dumpsite kool-aid watering the 4-Closure lawns.
Uh, yes but it's hill-billie texas. Hey, I can say that because I was born there.
CoronitaParticipantAn all brick-sided, picket-fence walled 4,000 sq-ft brand new house with granite kitchen and half-acre yard in Central Texas can be had for $250,000 currently. There are green meadows, sunshine, and plenty of spring waters to go with that. Give or take $200,000 for the weather-and-surfing tax, the same San Diego house should only add up to $450,000 for comparison. Anything above that should be outrageous. After all, you don't want to overpay for the trickle of undiluted water from the Colorado river infused with Moab, Utah's toxic dumpsite kool-aid watering the 4-Closure lawns.
Uh, yes but it's hill-billie texas. Hey, I can say that because I was born there.
CoronitaParticipantI would say lenders are still reeling at the uncertainity of liquidity in the markets.
The liquidity pendulum has swung to far to the left on relaxed stardards, it’s now swinging toward the right of overtightening. Hopefully, sometime in the future, it will stabilize somewhere in the middle.
It would have been interesting to find out who the lender was.Also how much the doctor was making. Doctors aren’t necessarily paid “that” much these days (save, the specialists), especially if it’s a single income. Also, how long has the doctor been in practice? (Newer doctors with educational debt might have issues)
BTW: what do people consider to be “high-end”?
CoronitaParticipantI would say lenders are still reeling at the uncertainity of liquidity in the markets.
The liquidity pendulum has swung to far to the left on relaxed stardards, it’s now swinging toward the right of overtightening. Hopefully, sometime in the future, it will stabilize somewhere in the middle.
It would have been interesting to find out who the lender was.Also how much the doctor was making. Doctors aren’t necessarily paid “that” much these days (save, the specialists), especially if it’s a single income. Also, how long has the doctor been in practice? (Newer doctors with educational debt might have issues)
BTW: what do people consider to be “high-end”?
CoronitaParticipantI would say lenders are still reeling at the uncertainity of liquidity in the markets.
The liquidity pendulum has swung to far to the left on relaxed stardards, it’s now swinging toward the right of overtightening. Hopefully, sometime in the future, it will stabilize somewhere in the middle.
It would have been interesting to find out who the lender was.Also how much the doctor was making. Doctors aren’t necessarily paid “that” much these days (save, the specialists), especially if it’s a single income. Also, how long has the doctor been in practice? (Newer doctors with educational debt might have issues)
BTW: what do people consider to be “high-end”?
CoronitaParticipantHey I lost money, but not really since I didn't sell. Sure feels that way though. Wow what a couple of rough days. Sure do love the FED intervening to stave off the inevitable. Josh
Easy there barnaby33..That statement sounds like a peak-purchased homeowner, going "you don't really lose money on a house until you sell it".
My joke:
Question: what is a stock that falls 20% or more after you buy it? Answer: a long term investment.
CoronitaParticipantHey I lost money, but not really since I didn't sell. Sure feels that way though. Wow what a couple of rough days. Sure do love the FED intervening to stave off the inevitable. Josh
Easy there barnaby33..That statement sounds like a peak-purchased homeowner, going "you don't really lose money on a house until you sell it".
My joke:
Question: what is a stock that falls 20% or more after you buy it? Answer: a long term investment.
CoronitaParticipantHey I lost money, but not really since I didn't sell. Sure feels that way though. Wow what a couple of rough days. Sure do love the FED intervening to stave off the inevitable. Josh
Easy there barnaby33..That statement sounds like a peak-purchased homeowner, going "you don't really lose money on a house until you sell it".
My joke:
Question: what is a stock that falls 20% or more after you buy it? Answer: a long term investment.
CoronitaParticipantWho cares. Not significant if 1000-2000-3000 people get laid off from one company.
Want to see something that accelerates a southern CA decline? Cut in defense spending. I think a lot of the real estate implosion in SoCal back in the late 80ies resulted from a defense budget cut. I remember living through that when friends parents neighbors were being laid off left and right.
Some of my colleagues working at BAE, Northrop, Raytheon, etc here and SD are sort of nervous. Aside from pension under funding, a lot of them are depending on gov contracts that have yet to be realized.
Side note, nost new hires no longer have a pension option.
CoronitaParticipantWho cares. Not significant if 1000-2000-3000 people get laid off from one company.
Want to see something that accelerates a southern CA decline? Cut in defense spending. I think a lot of the real estate implosion in SoCal back in the late 80ies resulted from a defense budget cut. I remember living through that when friends parents neighbors were being laid off left and right.
Some of my colleagues working at BAE, Northrop, Raytheon, etc here and SD are sort of nervous. Aside from pension under funding, a lot of them are depending on gov contracts that have yet to be realized.
Side note, nost new hires no longer have a pension option.
CoronitaParticipantWho cares. Not significant if 1000-2000-3000 people get laid off from one company.
Want to see something that accelerates a southern CA decline? Cut in defense spending. I think a lot of the real estate implosion in SoCal back in the late 80ies resulted from a defense budget cut. I remember living through that when friends parents neighbors were being laid off left and right.
Some of my colleagues working at BAE, Northrop, Raytheon, etc here and SD are sort of nervous. Aside from pension under funding, a lot of them are depending on gov contracts that have yet to be realized.
Side note, nost new hires no longer have a pension option.
CoronitaParticipantFinancially Yes, Militarily No. This crisis will make US stronger as a nation, promote thrift, reduce debt, cut down waste, will bring back dignity to real labor.
I disagree. Most americans have no concept of "saving". You give someone a buck (raise), they'll spend 2. You lend someone a buck, they'll use it to for the first monthly payment in financing bling. It's been part of the culture for a long time. What is going to make americans all the sudden wake up and change? Recession, implosion of financial system? Even so, doubt behavior will drastically change. Maybe a smarter, less selfish, less me generation (our kids).
CoronitaParticipantFinancially Yes, Militarily No. This crisis will make US stronger as a nation, promote thrift, reduce debt, cut down waste, will bring back dignity to real labor.
I disagree. Most americans have no concept of "saving". You give someone a buck (raise), they'll spend 2. You lend someone a buck, they'll use it to for the first monthly payment in financing bling. It's been part of the culture for a long time. What is going to make americans all the sudden wake up and change? Recession, implosion of financial system? Even so, doubt behavior will drastically change. Maybe a smarter, less selfish, less me generation (our kids).
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