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Participant[quote=sdrealtor]It wont turn things around but it will extend your aggravating wait another day creating another chance for inflation or the next herois attempt at a bailout. The fact that other things might offs[/quote]
Fair enough. Maybe I misunderstood you, b/c I mostly agree.
However my aggravating wait will only cause prices to fall further, because any floor they establish will be temporary given the reasons I listed.
Our gov’t prefers people drowning in mortgage debt. Bailouts may help some of the measely 5% of homeowners in default but they alienate future buyers who are among the 35% of the population that rents.
On another note re: w/ the high end starting to crack, foreclosures should increase and start moving.
That will drive the median price up, but it will be deceptive, for all the reasons median is a useless indicator.
A bunch of houses selling at $500k will do that, but if they all sold for $1MM at peak, good news it isn’t.
Participant[quote=sdrealtor]It wont turn things around but it will extend your aggravating wait another day creating another chance for inflation or the next herois attempt at a bailout. The fact that other things might offs[/quote]
Fair enough. Maybe I misunderstood you, b/c I mostly agree.
However my aggravating wait will only cause prices to fall further, because any floor they establish will be temporary given the reasons I listed.
Our gov’t prefers people drowning in mortgage debt. Bailouts may help some of the measely 5% of homeowners in default but they alienate future buyers who are among the 35% of the population that rents.
On another note re: w/ the high end starting to crack, foreclosures should increase and start moving.
That will drive the median price up, but it will be deceptive, for all the reasons median is a useless indicator.
A bunch of houses selling at $500k will do that, but if they all sold for $1MM at peak, good news it isn’t.
Participant[quote=sdrealtor]It wont turn things around but it will extend your aggravating wait another day creating another chance for inflation or the next herois attempt at a bailout. The fact that other things might offs[/quote]
Fair enough. Maybe I misunderstood you, b/c I mostly agree.
However my aggravating wait will only cause prices to fall further, because any floor they establish will be temporary given the reasons I listed.
Our gov’t prefers people drowning in mortgage debt. Bailouts may help some of the measely 5% of homeowners in default but they alienate future buyers who are among the 35% of the population that rents.
On another note re: w/ the high end starting to crack, foreclosures should increase and start moving.
That will drive the median price up, but it will be deceptive, for all the reasons median is a useless indicator.
A bunch of houses selling at $500k will do that, but if they all sold for $1MM at peak, good news it isn’t.
Participant[quote=sdrealtor]It wont turn things around but it will extend your aggravating wait another day creating another chance for inflation or the next herois attempt at a bailout. The fact that other things might offs[/quote]
Fair enough. Maybe I misunderstood you, b/c I mostly agree.
However my aggravating wait will only cause prices to fall further, because any floor they establish will be temporary given the reasons I listed.
Our gov’t prefers people drowning in mortgage debt. Bailouts may help some of the measely 5% of homeowners in default but they alienate future buyers who are among the 35% of the population that rents.
On another note re: w/ the high end starting to crack, foreclosures should increase and start moving.
That will drive the median price up, but it will be deceptive, for all the reasons median is a useless indicator.
A bunch of houses selling at $500k will do that, but if they all sold for $1MM at peak, good news it isn’t.
ParticipantGood points guys, and I hear ya mm.
To vent here what I posted in another thream you can add to that the higher taxes on every business, family, car, good/service and person in the state of CA.
More of their income will now go to our wonderful state gov’t thereby making housing and everything else more expensive as a portion of your (falling) income.
ParticipantGood points guys, and I hear ya mm.
To vent here what I posted in another thream you can add to that the higher taxes on every business, family, car, good/service and person in the state of CA.
More of their income will now go to our wonderful state gov’t thereby making housing and everything else more expensive as a portion of your (falling) income.
ParticipantGood points guys, and I hear ya mm.
To vent here what I posted in another thream you can add to that the higher taxes on every business, family, car, good/service and person in the state of CA.
More of their income will now go to our wonderful state gov’t thereby making housing and everything else more expensive as a portion of your (falling) income.
ParticipantGood points guys, and I hear ya mm.
To vent here what I posted in another thream you can add to that the higher taxes on every business, family, car, good/service and person in the state of CA.
More of their income will now go to our wonderful state gov’t thereby making housing and everything else more expensive as a portion of your (falling) income.
ParticipantGood points guys, and I hear ya mm.
To vent here what I posted in another thream you can add to that the higher taxes on every business, family, car, good/service and person in the state of CA.
More of their income will now go to our wonderful state gov’t thereby making housing and everything else more expensive as a portion of your (falling) income.
February 24, 2009 at 5:10 PM in reply to: Is anything made in the U.S.A. anymore? You’d be surprised #354472Participant[quote=kev374]Some leading products are still made in the US, for example Taylor Guitars are world renowned and manufactured right here in El Cajon 😉 Martin Guitars are another company, they are manufactured in Bethlehem, PA.
Not to mention Gibson and Fender.
Steinway and Sons, some of the world’s finest Pianos are made in New York.[/quote]
Don’t forget PRS. Here’s a cheaper Private Stock model.
February 24, 2009 at 5:10 PM in reply to: Is anything made in the U.S.A. anymore? You’d be surprised #354340Participant[quote=kev374]Some leading products are still made in the US, for example Taylor Guitars are world renowned and manufactured right here in El Cajon 😉 Martin Guitars are another company, they are manufactured in Bethlehem, PA.
Not to mention Gibson and Fender.
Steinway and Sons, some of the world’s finest Pianos are made in New York.[/quote]
Don’t forget PRS. Here’s a cheaper Private Stock model.
February 24, 2009 at 5:10 PM in reply to: Is anything made in the U.S.A. anymore? You’d be surprised #354029Participant[quote=kev374]Some leading products are still made in the US, for example Taylor Guitars are world renowned and manufactured right here in El Cajon 😉 Martin Guitars are another company, they are manufactured in Bethlehem, PA.
Not to mention Gibson and Fender.
Steinway and Sons, some of the world’s finest Pianos are made in New York.[/quote]
Don’t forget PRS. Here’s a cheaper Private Stock model.
February 24, 2009 at 5:10 PM in reply to: Is anything made in the U.S.A. anymore? You’d be surprised #354501Participant[quote=kev374]Some leading products are still made in the US, for example Taylor Guitars are world renowned and manufactured right here in El Cajon 😉 Martin Guitars are another company, they are manufactured in Bethlehem, PA.
Not to mention Gibson and Fender.
Steinway and Sons, some of the world’s finest Pianos are made in New York.[/quote]
Don’t forget PRS. Here’s a cheaper Private Stock model.
February 24, 2009 at 5:10 PM in reply to: Is anything made in the U.S.A. anymore? You’d be surprised #354608Participant[quote=kev374]Some leading products are still made in the US, for example Taylor Guitars are world renowned and manufactured right here in El Cajon 😉 Martin Guitars are another company, they are manufactured in Bethlehem, PA.
Not to mention Gibson and Fender.
Steinway and Sons, some of the world’s finest Pianos are made in New York.[/quote]
Don’t forget PRS. Here’s a cheaper Private Stock model.
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