[creechrr]

Run! Head for the hills and don’t look back!

My interpretation:

“I don’t have enough money to qualify to purchase my dream home. I’m looking for some sucker to risk his assets by purchasing this home. I will then magically have the finanical resources to make the purchase while bestowing a sizable profit to the kind hearted soul.”

Come on, this has BS written all over it.

[creechrr]

Run! Head for the hills and don’t look back!

My interpretation:

“I don’t have enough money to qualify to purchase my dream home. I’m looking for some sucker to risk his assets by purchasing this home. I will then magically have the finanical resources to make the purchase while bestowing a sizable profit to the kind hearted soul.”

Come on, this has BS written all over it.

[creechrr]

[quote=freshman]

Fed $8000 credit will expire on Dec 1, 2009 and it is for first time buyer only. They are talking to extend this plan for few more months…. or not, keep eyes on the news.

CA $10K has been used up already !!! don’t think about it.

Artifically low interst rate will be gone after end of Oct ! because Fed won’t buy the securities after end of Oct. If investors put money on bond, then the rate may be kept in low level. But if they jump to stock market, not sure how high the mortgage rate will go and how the house price will drop further. You can either buy a cheaper house or lock a lower rate I guess.[/quote]

Not quite that simple. There’s been talk about extending the $8K First Time Buyer credit another year and increasing the amount to $15K.

At this point the Fed does pretty much what the Fed wants. They may or may not keep buying.

Bottom line, the Gov’t/Fed shouldn’t be involved in housing. The more involvement, the more distortion. What we are seeing is essentially economic warfare declared on the working class by the “rich”. All helped along by the “me first” mentallity of the “boomers” are whatever you’d like to call the older class. It’s not a financial problem, it’s a cultural problem.

One of paradigms that I encounter on a daily bais is that of, “I’m entitle to it”. The one thing they keep forgetting or just want to ignore is that resources are limited. The more poeple at the table, the smaller your individual piece of the pie.

As the worlds population grows more people will be the table. As much as our gov’t preaches global equality, human rights, health, wealth and prosperity for all, it can’t happen. The policies and the feel good speeches are at odds with each other demonstrating that the gov’t clearly understands that fact. They keep us chasing the scraps while they feast.

We’re all so worried about terrorism, global warming, having the latest and greatest gadget/clothes/granite counter tops/SS appliances that we as a whole don’t notice much. In the last decade, we’ve had the Patriot Act, Bankruptcy Act of 2005, TARP, and it appears as though B of A was forced to buy Merril Lynch. All without much interest of the general populace.

I really think that as time passes, a large number of recent home “owners” are going to be kicking themselves. They are going to realize that they don’t really own anything. The home and the gov’t/banks by proxy will really own them.

I reaize that this text is probably a little disjointed as I feverishly write this during a break but, I really urge everyone to give it some thought.

[creechrr]

[quote=freshman]

Fed $8000 credit will expire on Dec 1, 2009 and it is for first time buyer only. They are talking to extend this plan for few more months…. or not, keep eyes on the news.

CA $10K has been used up already !!! don’t think about it.

Artifically low interst rate will be gone after end of Oct ! because Fed won’t buy the securities after end of Oct. If investors put money on bond, then the rate may be kept in low level. But if they jump to stock market, not sure how high the mortgage rate will go and how the house price will drop further. You can either buy a cheaper house or lock a lower rate I guess.[/quote]

Not quite that simple. There’s been talk about extending the $8K First Time Buyer credit another year and increasing the amount to $15K.

At this point the Fed does pretty much what the Fed wants. They may or may not keep buying.

Bottom line, the Gov’t/Fed shouldn’t be involved in housing. The more involvement, the more distortion. What we are seeing is essentially economic warfare declared on the working class by the “rich”. All helped along by the “me first” mentallity of the “boomers” are whatever you’d like to call the older class. It’s not a financial problem, it’s a cultural problem.

One of paradigms that I encounter on a daily bais is that of, “I’m entitle to it”. The one thing they keep forgetting or just want to ignore is that resources are limited. The more poeple at the table, the smaller your individual piece of the pie.

As the worlds population grows more people will be the table. As much as our gov’t preaches global equality, human rights, health, wealth and prosperity for all, it can’t happen. The policies and the feel good speeches are at odds with each other demonstrating that the gov’t clearly understands that fact. They keep us chasing the scraps while they feast.

We’re all so worried about terrorism, global warming, having the latest and greatest gadget/clothes/granite counter tops/SS appliances that we as a whole don’t notice much. In the last decade, we’ve had the Patriot Act, Bankruptcy Act of 2005, TARP, and it appears as though B of A was forced to buy Merril Lynch. All without much interest of the general populace.

I really think that as time passes, a large number of recent home “owners” are going to be kicking themselves. They are going to realize that they don’t really own anything. The home and the gov’t/banks by proxy will really own them.

I reaize that this text is probably a little disjointed as I feverishly write this during a break but, I really urge everyone to give it some thought.

[creechrr]

[quote=freshman]

Fed $8000 credit will expire on Dec 1, 2009 and it is for first time buyer only. They are talking to extend this plan for few more months…. or not, keep eyes on the news.

CA $10K has been used up already !!! don’t think about it.

Artifically low interst rate will be gone after end of Oct ! because Fed won’t buy the securities after end of Oct. If investors put money on bond, then the rate may be kept in low level. But if they jump to stock market, not sure how high the mortgage rate will go and how the house price will drop further. You can either buy a cheaper house or lock a lower rate I guess.[/quote]

Not quite that simple. There’s been talk about extending the $8K First Time Buyer credit another year and increasing the amount to $15K.

At this point the Fed does pretty much what the Fed wants. They may or may not keep buying.

Bottom line, the Gov’t/Fed shouldn’t be involved in housing. The more involvement, the more distortion. What we are seeing is essentially economic warfare declared on the working class by the “rich”. All helped along by the “me first” mentallity of the “boomers” are whatever you’d like to call the older class. It’s not a financial problem, it’s a cultural problem.

One of paradigms that I encounter on a daily bais is that of, “I’m entitle to it”. The one thing they keep forgetting or just want to ignore is that resources are limited. The more poeple at the table, the smaller your individual piece of the pie.

As the worlds population grows more people will be the table. As much as our gov’t preaches global equality, human rights, health, wealth and prosperity for all, it can’t happen. The policies and the feel good speeches are at odds with each other demonstrating that the gov’t clearly understands that fact. They keep us chasing the scraps while they feast.

We’re all so worried about terrorism, global warming, having the latest and greatest gadget/clothes/granite counter tops/SS appliances that we as a whole don’t notice much. In the last decade, we’ve had the Patriot Act, Bankruptcy Act of 2005, TARP, and it appears as though B of A was forced to buy Merril Lynch. All without much interest of the general populace.

I really think that as time passes, a large number of recent home “owners” are going to be kicking themselves. They are going to realize that they don’t really own anything. The home and the gov’t/banks by proxy will really own them.

I reaize that this text is probably a little disjointed as I feverishly write this during a break but, I really urge everyone to give it some thought.

[creechrr]

[quote=freshman]

Fed $8000 credit will expire on Dec 1, 2009 and it is for first time buyer only. They are talking to extend this plan for few more months…. or not, keep eyes on the news.

CA $10K has been used up already !!! don’t think about it.

Artifically low interst rate will be gone after end of Oct ! because Fed won’t buy the securities after end of Oct. If investors put money on bond, then the rate may be kept in low level. But if they jump to stock market, not sure how high the mortgage rate will go and how the house price will drop further. You can either buy a cheaper house or lock a lower rate I guess.[/quote]

Not quite that simple. There’s been talk about extending the $8K First Time Buyer credit another year and increasing the amount to $15K.

At this point the Fed does pretty much what the Fed wants. They may or may not keep buying.

Bottom line, the Gov’t/Fed shouldn’t be involved in housing. The more involvement, the more distortion. What we are seeing is essentially economic warfare declared on the working class by the “rich”. All helped along by the “me first” mentallity of the “boomers” are whatever you’d like to call the older class. It’s not a financial problem, it’s a cultural problem.

One of paradigms that I encounter on a daily bais is that of, “I’m entitle to it”. The one thing they keep forgetting or just want to ignore is that resources are limited. The more poeple at the table, the smaller your individual piece of the pie.

As the worlds population grows more people will be the table. As much as our gov’t preaches global equality, human rights, health, wealth and prosperity for all, it can’t happen. The policies and the feel good speeches are at odds with each other demonstrating that the gov’t clearly understands that fact. They keep us chasing the scraps while they feast.

We’re all so worried about terrorism, global warming, having the latest and greatest gadget/clothes/granite counter tops/SS appliances that we as a whole don’t notice much. In the last decade, we’ve had the Patriot Act, Bankruptcy Act of 2005, TARP, and it appears as though B of A was forced to buy Merril Lynch. All without much interest of the general populace.

I really think that as time passes, a large number of recent home “owners” are going to be kicking themselves. They are going to realize that they don’t really own anything. The home and the gov’t/banks by proxy will really own them.

I reaize that this text is probably a little disjointed as I feverishly write this during a break but, I really urge everyone to give it some thought.

[creechrr]

[quote=freshman]

Fed $8000 credit will expire on Dec 1, 2009 and it is for first time buyer only. They are talking to extend this plan for few more months…. or not, keep eyes on the news.

CA $10K has been used up already !!! don’t think about it.

Artifically low interst rate will be gone after end of Oct ! because Fed won’t buy the securities after end of Oct. If investors put money on bond, then the rate may be kept in low level. But if they jump to stock market, not sure how high the mortgage rate will go and how the house price will drop further. You can either buy a cheaper house or lock a lower rate I guess.[/quote]

Not quite that simple. There’s been talk about extending the $8K First Time Buyer credit another year and increasing the amount to $15K.

At this point the Fed does pretty much what the Fed wants. They may or may not keep buying.

Bottom line, the Gov’t/Fed shouldn’t be involved in housing. The more involvement, the more distortion. What we are seeing is essentially economic warfare declared on the working class by the “rich”. All helped along by the “me first” mentallity of the “boomers” are whatever you’d like to call the older class. It’s not a financial problem, it’s a cultural problem.

One of paradigms that I encounter on a daily bais is that of, “I’m entitle to it”. The one thing they keep forgetting or just want to ignore is that resources are limited. The more poeple at the table, the smaller your individual piece of the pie.

As the worlds population grows more people will be the table. As much as our gov’t preaches global equality, human rights, health, wealth and prosperity for all, it can’t happen. The policies and the feel good speeches are at odds with each other demonstrating that the gov’t clearly understands that fact. They keep us chasing the scraps while they feast.

We’re all so worried about terrorism, global warming, having the latest and greatest gadget/clothes/granite counter tops/SS appliances that we as a whole don’t notice much. In the last decade, we’ve had the Patriot Act, Bankruptcy Act of 2005, TARP, and it appears as though B of A was forced to buy Merril Lynch. All without much interest of the general populace.

I really think that as time passes, a large number of recent home “owners” are going to be kicking themselves. They are going to realize that they don’t really own anything. The home and the gov’t/banks by proxy will really own them.

I reaize that this text is probably a little disjointed as I feverishly write this during a break but, I really urge everyone to give it some thought.

[creechrr]

[quote=freshman]

Fed $8000 credit will expire on Dec 1, 2009 and it is for first time buyer only. They are talking to extend this plan for few more months…. or not, keep eyes on the news.

CA $10K has been used up already !!! don’t think about it.

Artifically low interst rate will be gone after end of Oct ! because Fed won’t buy the securities after end of Oct. If investors put money on bond, then the rate may be kept in low level. But if they jump to stock market, not sure how high the mortgage rate will go and how the house price will drop further. You can either buy a cheaper house or lock a lower rate I guess.[/quote]

Not quite that simple. There’s been talk about extending the $8K First Time Buyer credit another year and increasing the amount to $15K.

At this point the Fed does pretty much what the Fed wants. They may or may not keep buying.

Bottom line, the Gov’t/Fed shouldn’t be involved in housing. The more involvement, the more distortion. What we are seeing is essentially economic warfare declared on the working class by the “rich”. All helped along by the “me first” mentallity of the “boomers” are whatever you’d like to call the older class. It’s not a financial problem, it’s a cultural problem.

One of paradigms that I encounter on a daily bais is that of, “I’m entitle to it”. The one thing they keep forgetting or just want to ignore is that resources are limited. The more poeple at the table, the smaller your individual piece of the pie.

As the worlds population grows more people will be the table. As much as our gov’t preaches global equality, human rights, health, wealth and prosperity for all, it can’t happen. The policies and the feel good speeches are at odds with each other demonstrating that the gov’t clearly understands that fact. They keep us chasing the scraps while they feast.

We’re all so worried about terrorism, global warming, having the latest and greatest gadget/clothes/granite counter tops/SS appliances that we as a whole don’t notice much. In the last decade, we’ve had the Patriot Act, Bankruptcy Act of 2005, TARP, and it appears as though B of A was forced to buy Merril Lynch. All without much interest of the general populace.

I really think that as time passes, a large number of recent home “owners” are going to be kicking themselves. They are going to realize that they don’t really own anything. The home and the gov’t/banks by proxy will really own them.

I reaize that this text is probably a little disjointed as I feverishly write this during a break but, I really urge everyone to give it some thought.

[creechrr]

[quote=freshman]

Fed $8000 credit will expire on Dec 1, 2009 and it is for first time buyer only. They are talking to extend this plan for few more months…. or not, keep eyes on the news.

CA $10K has been used up already !!! don’t think about it.

Artifically low interst rate will be gone after end of Oct ! because Fed won’t buy the securities after end of Oct. If investors put money on bond, then the rate may be kept in low level. But if they jump to stock market, not sure how high the mortgage rate will go and how the house price will drop further. You can either buy a cheaper house or lock a lower rate I guess.[/quote]

Not quite that simple. There’s been talk about extending the $8K First Time Buyer credit another year and increasing the amount to $15K.

At this point the Fed does pretty much what the Fed wants. They may or may not keep buying.

Bottom line, the Gov’t/Fed shouldn’t be involved in housing. The more involvement, the more distortion. What we are seeing is essentially economic warfare declared on the working class by the “rich”. All helped along by the “me first” mentallity of the “boomers” are whatever you’d like to call the older class. It’s not a financial problem, it’s a cultural problem.

One of paradigms that I encounter on a daily bais is that of, “I’m entitle to it”. The one thing they keep forgetting or just want to ignore is that resources are limited. The more poeple at the table, the smaller your individual piece of the pie.

As the worlds population grows more people will be the table. As much as our gov’t preaches global equality, human rights, health, wealth and prosperity for all, it can’t happen. The policies and the feel good speeches are at odds with each other demonstrating that the gov’t clearly understands that fact. They keep us chasing the scraps while they feast.

We’re all so worried about terrorism, global warming, having the latest and greatest gadget/clothes/granite counter tops/SS appliances that we as a whole don’t notice much. In the last decade, we’ve had the Patriot Act, Bankruptcy Act of 2005, TARP, and it appears as though B of A was forced to buy Merril Lynch. All without much interest of the general populace.

I really think that as time passes, a large number of recent home “owners” are going to be kicking themselves. They are going to realize that they don’t really own anything. The home and the gov’t/banks by proxy will really own them.

I reaize that this text is probably a little disjointed as I feverishly write this during a break but, I really urge everyone to give it some thought.

[creechrr]

[quote=freshman]

Fed $8000 credit will expire on Dec 1, 2009 and it is for first time buyer only. They are talking to extend this plan for few more months…. or not, keep eyes on the news.

CA $10K has been used up already !!! don’t think about it.

Artifically low interst rate will be gone after end of Oct ! because Fed won’t buy the securities after end of Oct. If investors put money on bond, then the rate may be kept in low level. But if they jump to stock market, not sure how high the mortgage rate will go and how the house price will drop further. You can either buy a cheaper house or lock a lower rate I guess.[/quote]

Not quite that simple. There’s been talk about extending the $8K First Time Buyer credit another year and increasing the amount to $15K.

At this point the Fed does pretty much what the Fed wants. They may or may not keep buying.

Bottom line, the Gov’t/Fed shouldn’t be involved in housing. The more involvement, the more distortion. What we are seeing is essentially economic warfare declared on the working class by the “rich”. All helped along by the “me first” mentallity of the “boomers” are whatever you’d like to call the older class. It’s not a financial problem, it’s a cultural problem.

One of paradigms that I encounter on a daily bais is that of, “I’m entitle to it”. The one thing they keep forgetting or just want to ignore is that resources are limited. The more poeple at the table, the smaller your individual piece of the pie.

As the worlds population grows more people will be the table. As much as our gov’t preaches global equality, human rights, health, wealth and prosperity for all, it can’t happen. The policies and the feel good speeches are at odds with each other demonstrating that the gov’t clearly understands that fact. They keep us chasing the scraps while they feast.

We’re all so worried about terrorism, global warming, having the latest and greatest gadget/clothes/granite counter tops/SS appliances that we as a whole don’t notice much. In the last decade, we’ve had the Patriot Act, Bankruptcy Act of 2005, TARP, and it appears as though B of A was forced to buy Merril Lynch. All without much interest of the general populace.

I really think that as time passes, a large number of recent home “owners” are going to be kicking themselves. They are going to realize that they don’t really own anything. The home and the gov’t/banks by proxy will really own them.

I reaize that this text is probably a little disjointed as I feverishly write this during a break but, I really urge everyone to give it some thought.

[creechrr]

[quote=freshman]

Fed $8000 credit will expire on Dec 1, 2009 and it is for first time buyer only. They are talking to extend this plan for few more months…. or not, keep eyes on the news.

CA $10K has been used up already !!! don’t think about it.

Artifically low interst rate will be gone after end of Oct ! because Fed won’t buy the securities after end of Oct. If investors put money on bond, then the rate may be kept in low level. But if they jump to stock market, not sure how high the mortgage rate will go and how the house price will drop further. You can either buy a cheaper house or lock a lower rate I guess.[/quote]

Not quite that simple. There’s been talk about extending the $8K First Time Buyer credit another year and increasing the amount to $15K.

At this point the Fed does pretty much what the Fed wants. They may or may not keep buying.

Bottom line, the Gov’t/Fed shouldn’t be involved in housing. The more involvement, the more distortion. What we are seeing is essentially economic warfare declared on the working class by the “rich”. All helped along by the “me first” mentallity of the “boomers” are whatever you’d like to call the older class. It’s not a financial problem, it’s a cultural problem.

One of paradigms that I encounter on a daily bais is that of, “I’m entitle to it”. The one thing they keep forgetting or just want to ignore is that resources are limited. The more poeple at the table, the smaller your individual piece of the pie.

As the worlds population grows more people will be the table. As much as our gov’t preaches global equality, human rights, health, wealth and prosperity for all, it can’t happen. The policies and the feel good speeches are at odds with each other demonstrating that the gov’t clearly understands that fact. They keep us chasing the scraps while they feast.

We’re all so worried about terrorism, global warming, having the latest and greatest gadget/clothes/granite counter tops/SS appliances that we as a whole don’t notice much. In the last decade, we’ve had the Patriot Act, Bankruptcy Act of 2005, TARP, and it appears as though B of A was forced to buy Merril Lynch. All without much interest of the general populace.

I really think that as time passes, a large number of recent home “owners” are going to be kicking themselves. They are going to realize that they don’t really own anything. The home and the gov’t/banks by proxy will really own them.

I reaize that this text is probably a little disjointed as I feverishly write this during a break but, I really urge everyone to give it some thought.

[creechrr]

[quote=freshman]

Fed $8000 credit will expire on Dec 1, 2009 and it is for first time buyer only. They are talking to extend this plan for few more months…. or not, keep eyes on the news.

CA $10K has been used up already !!! don’t think about it.

Artifically low interst rate will be gone after end of Oct ! because Fed won’t buy the securities after end of Oct. If investors put money on bond, then the rate may be kept in low level. But if they jump to stock market, not sure how high the mortgage rate will go and how the house price will drop further. You can either buy a cheaper house or lock a lower rate I guess.[/quote]

Not quite that simple. There’s been talk about extending the $8K First Time Buyer credit another year and increasing the amount to $15K.

At this point the Fed does pretty much what the Fed wants. They may or may not keep buying.

Bottom line, the Gov’t/Fed shouldn’t be involved in housing. The more involvement, the more distortion. What we are seeing is essentially economic warfare declared on the working class by the “rich”. All helped along by the “me first” mentallity of the “boomers” are whatever you’d like to call the older class. It’s not a financial problem, it’s a cultural problem.

One of paradigms that I encounter on a daily bais is that of, “I’m entitle to it”. The one thing they keep forgetting or just want to ignore is that resources are limited. The more poeple at the table, the smaller your individual piece of the pie.

As the worlds population grows more people will be the table. As much as our gov’t preaches global equality, human rights, health, wealth and prosperity for all, it can’t happen. The policies and the feel good speeches are at odds with each other demonstrating that the gov’t clearly understands that fact. They keep us chasing the scraps while they feast.

We’re all so worried about terrorism, global warming, having the latest and greatest gadget/clothes/granite counter tops/SS appliances that we as a whole don’t notice much. In the last decade, we’ve had the Patriot Act, Bankruptcy Act of 2005, TARP, and it appears as though B of A was forced to buy Merril Lynch. All without much interest of the general populace.

I really think that as time passes, a large number of recent home “owners” are going to be kicking themselves. They are going to realize that they don’t really own anything. The home and the gov’t/banks by proxy will really own them.

I reaize that this text is probably a little disjointed as I feverishly write this during a break but, I really urge everyone to give it some thought.

[creechrr]

[quote=svelte]No, wait, that can’t be true…

If you believe the other threads, SD is going to become a ghosttown with all the high paying jobs fleeing north/south/east/west/under a rock.

We can’t possibly be paying the 4th highest tech salaries with all the jobs that are leaving!!! :-)[/quote]

That all depends on who you ask and how they want to see the stats.

I know many people want to believe that San Diego County is an afluent utopia (especially North of the 8) but, that simply isn’t true. And, becoming even less true everyday.

I obviously don’t have any hard data to back it up but, there sure seems to be a large number of families/individuals that are just getting by. And, I’m talking about the basics, rent, food, utilities. With credit being scarce for the majority it’s only getting harder.

Those that went before us spent their futures and the futures of those of us unfortunate to have a slightly better grasp on youth than they. My son and his cohort are going to be even worse off than mine.

[creechrr]

[quote=svelte]No, wait, that can’t be true…

If you believe the other threads, SD is going to become a ghosttown with all the high paying jobs fleeing north/south/east/west/under a rock.

We can’t possibly be paying the 4th highest tech salaries with all the jobs that are leaving!!! :-)[/quote]

That all depends on who you ask and how they want to see the stats.

I know many people want to believe that San Diego County is an afluent utopia (especially North of the 8) but, that simply isn’t true. And, becoming even less true everyday.

I obviously don’t have any hard data to back it up but, there sure seems to be a large number of families/individuals that are just getting by. And, I’m talking about the basics, rent, food, utilities. With credit being scarce for the majority it’s only getting harder.

Those that went before us spent their futures and the futures of those of us unfortunate to have a slightly better grasp on youth than they. My son and his cohort are going to be even worse off than mine.

[creechrr]

[quote=svelte]No, wait, that can’t be true…

If you believe the other threads, SD is going to become a ghosttown with all the high paying jobs fleeing north/south/east/west/under a rock.

We can’t possibly be paying the 4th highest tech salaries with all the jobs that are leaving!!! :-)[/quote]

That all depends on who you ask and how they want to see the stats.

I know many people want to believe that San Diego County is an afluent utopia (especially North of the 8) but, that simply isn’t true. And, becoming even less true everyday.

I obviously don’t have any hard data to back it up but, there sure seems to be a large number of families/individuals that are just getting by. And, I’m talking about the basics, rent, food, utilities. With credit being scarce for the majority it’s only getting harder.

Those that went before us spent their futures and the futures of those of us unfortunate to have a slightly better grasp on youth than they. My son and his cohort are going to be even worse off than mine.

[Author]

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