Forum Replies Created
-
AuthorPosts
-
CostaMesa
ParticipantI think you’re onto something. Problem is, how do the plebes get to the truth.
As a data point – my income has stayed nearly constant since ’97. It’s within $500 annualized. I often wonder why I stay in the manufacturing industry…which is *supposed* to be one of the only true value creation engines that any economy has available to it.
Feel free to flame away…I’ve obviously got it coming. Participant>>Just what I want, someone full of hate and anger having a heavy influence on my future.
You mean like Bush, Cheney, Rumsfeld….
ParticipantGee Matt, I dono if that’s a very accurate interpretation of how things actually happened. What’s your angle?
Wasn’t it Bush and his business cronies that pushed the changes to mortgage lending practices through Congress (with the explicit blessing of the FRB system) that created this mess so they could avoid the impending ’02 recession/depression?
The Dodd bill enjoys precious little support from either side of the aisle – the data is out there if you look for it. It’s abundantly clear that only the Senators and Congressmen with very close ties to the Banking industry seem to feel that this bill is a good idea – any guess why?
It’s time to let markets work like they’re supposed to – without unfair support for *both* consumers and corporations.
Let the markets work!
ParticipantHere’s another way of seeing the situation.
If one finds a rental that could use some good lovin’, it’s not unusual to negotiate a deal with the landlord that recompensates the renter for the sweat equity that they put into the property. All too often, a landlord is a guy with a wife, kids and a 60+ hour a week job that just doesn’t want to spend his free time making improvements that won’t result in immediately higher rent.
I’ve done it more than once…and my previous landlords all give me outstanding referrals. 🙂
ParticipantIIRC, the US economy showed signs of a serious recession at the end of ’01 and early ’02.
Anyone that blames Greenspan and doesn’t stop to consider that Bush had far more to gain from the creation of the housing bubble than anyone else did is fooling themself. Bush41 didn’t get a second term because of the ’91 recession and Bush43 made damn sure that he wasn’t going to be hung by the same rope his dad got hung by.
It’s all connected…
ParticipantNary a thought, indeed.
I agree with the advice – don’t let out that you’re from California, whatever you do. Don’t speak like a ‘yankee’ and don’t criticize ANYTHING.
A lot of people there don’t take kindly to ferriners – that’s anyone who isn’t southern, btw.
Participant>It’s how fast that 10% racked up that should register.
Understood. Considering how fast the market went up in the last few years, it’s not surprising to see it fall quickly also. I’m pretty sure there were 10% quarters on the way up…
ParticipantDude…ten percent is hardly a ‘meltdown’. Fifty percent, maybe. Ten is more of a correction, IMO.
Good data though – it’s nice to see data for something that I’m a bit more familiar with.
ParticipantEngineers have little opportunity to rise into jobs that are sufficiently ‘sexy’ for today’s addled youth. Go talk to the kids, that’s what they’ll tell you.
Why are there 20X as many business majors than engineers and 100X as many law students? Because those professions are where the money is for the superstars. When a kid has already figured out that they’re not going to be the next Michael Jordan, Cindy Crawford or Jim Carrey, then they’ve got to figure out another path to that goal of superstardom. Following in Ken Lay’s footsteps seems like a good idea to lots of these dreamers. (this is the future of America!!!)
I went back for a masters in engineering last year. There were 3 American students and 32 foreign students in the incoming class. Of the 32, two were from Europe and the rest were from India, Taiwan or China.
America is doomed long-term. Our populace is filled with far too many fat/dumb/ignorant people who feel entitled to a phat salary and all the perks without ever trying, because they see so many others getting that for nothing.
As long as we believe in the lottery, nothing will change.
ParticipantPerhaps. Germany is a good example of a country that’s reached the saturation point, where it doesn’t do much good to immigrate there because the difference in quality of life just ain’t what it once was. The rate of people trying to get in just ain’t what it was fifteen years ago.
I think people need to spend more time learning what’s really going on and less time listening to the reichwing pundits, and then parroting them back onto the internet.
Participant“at current rate”
Is that sort of like ‘my house will continue appreciating at 30% per annum forever’?
ParticipantWho is at the root of these problems? Stupid people that are easily fooled and those who seek to make money or gain glory from them.
Can anyone provide factual data to demonstrate how this proposal is anything beyond something that a few people are using to make money or gain glory?
I don’t see this issue as being associated with the left or any other political organization.
If people want to start painting ‘the other side’ with an extra-broad brush – y’all better be ready when ‘the other side’ is ready to fight back…because I most certainly do not appreciate other fellow Americans questioning my integrity (implictly or explicitly) based on the actions of a few useless schmucks. I would assume that conservatives would also prefer not to be treated in that manner…
March 8, 2007 at 11:30 PM in reply to: California real estate prices versus North Carolina and Florida #47182ParticipantThough nobody asked, I will offer this additional tidbit.
During the 14 years I lived in NC, not a single week went by without someone repeating the “why don’t you go back where you came from, yankee!” line – typically right to my face. It was really a nearly daily thing, but occasionally I didn’t get out much and got a reprieve. Strangers would walk up to me in the grocery store and dish out that bile, absolutely unprovoked, based on nothing more than an absence of southern accent.
For a farm kid who grew up in rural Nebraska, that sort of ‘hospitality’ wound up being the majority of the reason why I left. The enforced ignorance that permeates every corner of that state is best left to those who find it comfortable. I’m not inclined to live around a group of people that practice open disrespect towards others…
March 7, 2007 at 10:28 PM in reply to: California real estate prices versus North Carolina and Florida #47118ParticipantI can’t speak for Florida… However, for NC – I have the ‘qualification’ of having lived there for ~14 years before I came to California in the late 90’s.
From the perspective of the housing market, it’s not surprising that NC hasn’t caught up to Cal in terms of raw median price – it’s definitely a less expensive place to live. There’s plenty of usable, open land.
I was looking at a place right before I left. A 25yo 3/3/3 on five acres with a half-acre pond out back and woods in between. Ten minutes to downtown Raleigh, ten minutes to RTP, main road backs up to a state forest. $185K
When I got here, a funky little 1952 2/1 SFH on 2200sf across from my rental sold for $260K. I knew it’d been renovated, but was stunned by what someone would be willing to pay for that place. The sticker shock was pretty intense – and that for a place where people are packed frighteningly close to each other. Less than two years ago the same place sold for $890K to a young couple of financial analysts that re-renovated it.
I hear that stuff near the Park (RTP) has tripled since then, which syncs fairly well with my observations here.
Not that my data is in any way complete or representative – the experience was just so intense that I felt like sharing.
-
AuthorPosts