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CoronitaParticipant[quote=spdrun]I wasn’t implying that properties were being dumped, just that sales to investors have slowed down. Overpriced crap isn’t flying off the shelves as it did this spring.[/quote]
[quote=spdrun]If you read about what’s happening in Phoenix and Las Vegas, property is already correcting. Investors are leaving like rats, very little organic demand to replace them.[/quote]
CoronitaParticipant[quote=SK in CV][quote=flu][quote=SK in CV][quote=spdrun]If you read about what’s happening in Phoenix and Las Vegas, property is already correcting. Investors are leaving like rats, very little organic demand to replace them.[/quote]
No idea about Vegas, but investors are not leaving Phoenix like rats. Or like anything else. Big buyers have stopped buying. Still tons of rehab flippers in the central city. No widespread decline in prices. No widespread increase in inventory.[/quote]
I didn’t think so….[/quote]
Sadly, what we think doesn’t actually have any effect on the facts. Any actual evidence that investors are leaving (as in dumping properties), and organic demand is insufficient to maintain prices? If that’s actually happening, prices should be falling. It may happen, so far it hasn’t.[/quote]
Investment property demand in SD seems to be still pretty strong….Haven’t seen prices plummet either. Maybe not increasing as fast as before but not “falling” (at least where I’m looking)….It would be easier if that wasn’t true 🙁
CoronitaParticipant[quote=SK in CV][quote=spdrun]If you read about what’s happening in Phoenix and Las Vegas, property is already correcting. Investors are leaving like rats, very little organic demand to replace them.[/quote]
No idea about Vegas, but investors are not leaving Phoenix like rats. Or like anything else. Big buyers have stopped buying. Still tons of rehab flippers in the central city. No widespread decline in prices. No widespread increase in inventory.[/quote]
I didn’t think so….
CoronitaParticipant[quote=AN][quote=flu][quote=AN]DOW’s up 1.14%, NASDAQ’s up 0.43%, and S&P’s up 0.99%. I’ll take that. Now, lets see if it can continue through the rest of the year at this rate :-D.[/quote]
You mean Dow up 1.84% and Nasdaq up 1.15% and S&P500 up 1.46%….
:)[/quote]Or better yet, UDOW up 4.91%, UPRO up 5.19%, and TQQQ up 3.45%. :-D[/quote]
You are a brave soul my friend… I’m done with the “ultra-XXX ETF’s”
CoronitaParticipantGlad you got back on your feet… Now, don’t let it happen again… Or else!…..
CoronitaParticipant[quote=AN]DOW’s up 1.14%, NASDAQ’s up 0.43%, and S&P’s up 0.99%. I’ll take that. Now, lets see if it can continue through the rest of the year at this rate :-D.[/quote]
You mean Dow up 1.84% and Nasdaq up 1.15% and S&P500 up 1.46%….
🙂
CoronitaParticipant[quote=spdrun]If you read about what’s happening in Phoenix and Las Vegas, property is already correcting. Investors are leaving like rats, very little organic demand to replace them.[/quote]
And your point is?
CoronitaParticipant[quote=spdrun]I’m not wrong — the question isn’t “if” but “when” the correction happens. Meanwhile, I’ve done fine with investments, but I’m also not in the position to lose as much as I’ve gained :)[/quote]
The questions is the time it takes the “when” to happen, how much opportunity cost has been lost waiting for the “when” to happen.
It’s almost like folks that sat out years and years and years renting waiting for a RE correction…Wait another 5-8 years for another downcycle after already waiting 5-8 years for the first downcycle…. Um ok….
Most people can’t outsmart the markets for a very long time… If they could, they would be working for Goldman Sachs, and even then, they don’t get it right all the time…
That was my personal lesson learned for the past few years.
CoronitaParticipant[quote=spdrun]It is comical, because as of September, we found out that forward guidance has about the same level of utility as nipples on a boar hog. The only meaningful data are the actual decisions.[/quote]
Well, it’s comical because the bears screaming of an immediate market crash once tapering kicks in are seeing the bears are still hibernating . I was one of them especially in the equity markets when things ran up quickly…
Oh just admit it. You were wrong….
CoronitaParticipant[quote=spdrun]I don’t see any fine print — I see a bunch of equivocation, as is typical for the Fed. “Likely be appropriate” means absolutely nothing.[/quote]
I think keeping interest rates pegged lower is the fine print…
The markets apparently seem to love it today…. I’m laughing my ass off right now… Because it’s comical..
CoronitaParticipantRead the fine print.
“Look ma!… Another tin can on the ground that I found to kick!…And my, can I kick this other can for a long time and further too!”
http://finance.yahoo.com/news/fed-faces-tough-call-bond-051027295.html
Fed cuts bond-buying but stresses easy policy
WASHINGTON (Reuters) – The U.S. Federal Reserve announced plans to trim its aggressive bond-buying program on Wednesday but sought to temper the long-awaited move by suggesting its key interest rate would stay lower for even longer than previously promised.
In what amounts to the beginning of the end of its unprecedented support for the U.S. economy, the central bank said it would reduce its monthly asset purchases by $10 billion to total $75 billion. It trimmed equally from mortgage and Treasury bonds.
The move, which could come as a surprise to many investors, was a nod to better prospects for the economy and labor market and marks a historic turning point for the largest monetary policy experiment ever.
The Fed’s asset purchase program, a centerpiece of its crisis-era policy, has left it holding roughly $4 trillion of bonds, and the path it must follow in dialing it down is rife with numerous risks, including the possibility of higher-than-targeted interest rates and a loss of investor confidence.
The Fed “modestly” reduced the pace of bond buying in light of better labor market conditions, it said in a statement following a two-day policy meeting.
But in a move likely meant to forestall any sharp market reaction that could undercut the recovery, the central bank also said it “likely will be appropriate” to keep rates near zero “well past the time” that the jobless rate falls below 6.5 percent.BTW: Facebook at 55 and now part of S&P 500…. Lol…. I guess I do own facebook now since I have Vanguard 500 Index funds….
Welcome to the wonderful world of make the rich(er) people with assets richer while people with no assets/limited assets poorer….
CoronitaParticipant[quote=The-Shoveler][quote=flu][quote]
We’ve forgotten what it feels like to pay 5%.
[/quote]aint gonna happen in the short-middle term.
fed already guaranteed it.And maybe folks missed the story QE3 until mid-2015 AT LEAST…
http://money.cnn.com/2012/09/24/news/economy/goldman-fed-qe3/index.html
Remember? We talked about it here..
http://piggington.com/qe3_away
Your hard tax dollars at work..
No point in sitting at the sideline anymore…Well there was no point sitting at the sideline for probably the past 1.5 years.
[/quote]I vote flu for having the best prediction.[/quote]
a broken clock is still correct twice a day..
December 17, 2013 at 9:29 PM in reply to: OT: I need to shave at least 4 seconds off my drive time…. #769207CoronitaParticipant[quote=joec]When I used to auto-x, sometimes we’d share a car or a “better” driver would drive my car and you can get a sense of how much more time you can get from your vehicle…Again, tires make a world of difference and a lot of times, you can even tell when you car’s tires are losing grip. You notice it just pushes or you have to wait a lot more when the tires are old/hard/etc…before you can turn or recover.
If this other driver has suspension and tires, that’s really all you need as I mentioned in my earlier post. Car power is not that important on the auto-x vs. say a track or something. Like you don’t see Nissan GTRs do that well since the car is big/heavy.
This is why you see people go through the massive hassle of trailering tires on all manner of cars even the Miata to these events.
If I win lotto, I will be autocrossing again. 😉 Maybe with a flatbed and a truck![/quote]
My friend was an instructor that day and drove it one practice lap with me as a passenger, and vice versa. There was another guy who runs a miata performance shop that was also an instructor. My friend was about 2 secs quicker in a practice lap, and he wasn’t pushing it too hard, so it’s about 4 secs of wiggle room for me.
My tires are Dunlop Direzza ZII’s, are as good as they are going to get for 14″ without moving into 15″ which I don’t think will help me that much at this point.. There’s no other decent street tires in 14″. Both instructors that drove my car also mentioned the suspension setup was fine and neutral… The brakes are a little touchy since it’s more brakes than the car needs, but manageable… Mostly driver skill issues at this point….
CoronitaParticipant$636 million? Is that it? I thought Piggs do better than that already 🙂
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