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September 25, 2007 at 3:54 PM in reply to: Nice place but never in a million years could I afford it yet. #85881September 25, 2007 at 3:37 PM in reply to: Greenspan and the Vaunted Bay Area Both Going Down #85877
drunkle
Participant“Bill Clinton, in modern times, revealed that if you continually lie with a straight face, most people will tend to believe; as the more dependent they become, the less choices they have, the more they NEED to believe.”
that would be good ol’ joe gobbles…
who said this:
Naturally the common people don’t want war…
it is the leaders of the country who determine policy, and it is always a simple matter to drag the people along…
the people can always be brought to the bidding of the leaders…
All you have to do is to tell them they are being attacked, and denounce the pacifists for lack of patriotism and exposing the country to danger…September 25, 2007 at 3:20 PM in reply to: Nice place but never in a million years could I afford it yet. #85874Participantthat area is really nice with lots of young professional types.
the cops keep the herd of pros east of utah.
there’s little to no traffic, it’s a 5 min jot to downtown… you can ride your bike to dt even.
and santee still sucks.
Participantpure uneducated speculation:
gold is bubbled, but with more to go, particularly with the recent fed cut, euro banks poised to cut, more cuts looming, a skittish economy, china on a precipice and ww3 looming.
Participantthe original post commented on how overpriced he thought standard pacific’s project in santee was… not as if the rest of sd county is not overpriced…
yes. santee is overpriced. for the money, it sucks. if prices in santee were realistic, it would then be a trade off, price for value; it’s better than city/logan heights, it’s worse than carlsbad.
santee is by no means shangri la, geez.
Participantsome people have gone throught the experiment of trying to buy non chinese goods. their results were less than favorable.
the yuan is pegged to the dollar, but as a result, china is experiencing serious inflation due to a falling dollar.
if china revalues the yuan, what will happen?
americans can’t buy goods. not even shitty chevys since they’re made in mexico. certainly not the oil that we’ve become dependant on, built our communities and society around.
american food will be exported for higher profit in foreign countries (china).
what else do you need for a convincing doom and gloom scenario?
September 23, 2007 at 6:47 PM in reply to: Off topic – The Chargers are NOT who we thought they were #85638Participantmeh. whatever. at least some under priviledged kids get free game tickets… how many now? 25 thousand kids? are there even that many poor kids in sd?
actually, this probably means i’ll get a couple free tickets tossed my way… who cares about the chargers, i’m down for the dogs and beers and a wasted afternoon…
Participant“I’m not a big fan. His rambling diatribe to Bernanke was incredibly scatter-brained, not quite as bad as the NY congresswoman that preceeded him, but bad.”
i’d come to the conclusion that such hearings are merely platforms for politicians to spout their views. as such, i dont fault paul for taking advantage.
Participantnorth park definately has it’s advantages… the original zombie lounge, lancers, the russian joint, the hot chef, the red fox, di milles, close proximity to everything…
(edit: it’s not like we dont have cars either…)
but the way rents have been going up, real estate, you’d think np is the east village of sd or whatever swank place you want. it’s not, it is still a dump and will remain so for some very fundamental, basic reasons:
the scum. try walking up to the liquor store on el cajon at night some time.
the pros. yeah, those girls.
the proximity of all the shtbox stucco mexican prisons to each other.
the rent to own ratio.
the low tax base.
the indifferent landlords.the downsides can’t be ignored, especially when making an re valuation. compare the 3 bed/3 bath condo my bro owned in loma portal (resort style community pool, empty/quiet streets, private car ports), purchased for 180 in 98 to your new fangled, mc esher wanna be place with no parking, no pool, in the ghetro. it aint 98 no more, but it’s not like we all won the lotto here either.
if that place was reasonably priced, 100-150, i’d be proud to own there too. but as it is, i’d be embarrassed.
Participantthey’ve been lying to people all these years about how re never goes down… you think they’d cop to lying?
Participantadd the deficit and money printing operations… if gold is a reasonable measure of inflation (dunno if i accept that tho), then the dollar has been sliding for a while.
if lowering the fed rate does not contribute to inflation, then it can’t do anything for the economy either…
volker increased the rate and reigned in the inflation of the 70’s.
Participant“The yuppies that view the area as “edgy”,”hip”, and “cool”, are the same people that bought condos at top of the market and/or on subprime loans. Many of them will face foreclosure and no longer be able to buy from the fancy soap store.”
it’s the yuppies that go into a place and suck the life out of it. hillcrest, little italy, downtown… they were cool before because there were good places to go for cheap.
boheme (along with all the other new condos) should have been built for the current residents, not for “investors” and yuppies. gentrification happens when you have the residents take ownership of their community and when the resident’s increase in net worth. not by trying to drive out the “bad” ones and importing “good” ones.
iirc the majority of np is rental as is. unless that changes, np will remain a ghetto.
btw, there’s another new condo building up the street at the site of the old bowling alley. a god ugly building that looks like an old school building rather than a condo. they were asking some 500k per unit last spring, they recently repriced in the 400’s. after the auction, see how much lower they go. and what happens to those senseless fools who bought way back when.
September 20, 2007 at 9:24 AM in reply to: Chinese Government Freezes Some Prices in Move to Contain Inflation #85281Participanthmm. the yuan is tied to the dollar, deflation of the dollar = deflation of the yuan. fixing prices means suppliers, importers will lose money on their products.
if the people stock up on supplies, the dollar continues it’s slide… china might run out of food…
Participantscolari’s is right across the street from boheme on 30th. buster daly’s is around the corner on university. shooters is down a block on 30th.
scolari’s has bands, or at least they used to. but the general noise of ghetto birds, emergency vehicles, crack heads and tweekers, “bumping” car stereo’s, gun shots…
Participantsome of these funds have so much money… why not buy options and just move your weight around to manipulate the price? you’d be guaranteed a profit…
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