[drunkle]

patient:

if i actually did some research on it, my posting would fall out of the “nothing useful” category. besides, he didn’t post an address, i don’t have historical price data at my fingertips and i’m going on median prices circa 2000.

asia:

taking year 2000 median (200k) and making assumptions about escondido condo values relative to the median, 190k seems high, neglecting inflation… and interest rates. 1000/mo @ 5.25 seems generous… are rates really that low for the average buyer without 800+ credit score? add the ancillary costs/tax benefits, how does it compare? finally… it’s still escondido.

bottom line, my question was merely posed to the op: he isn’t concerned if prices fall to 190 from 210, but how would he feel about a much larger fall. this snowball is only now picking up steam, the rate of decline is increasing and prices a mere 6 months from now may be astounding. although, i do think a decent bump will be had this spring and summer from people like the op who really want to buy and are will to take what they imagine will be only a small bit of a hit.

[drunkle]

patient:

if i actually did some research on it, my posting would fall out of the “nothing useful” category. besides, he didn’t post an address, i don’t have historical price data at my fingertips and i’m going on median prices circa 2000.

asia:

taking year 2000 median (200k) and making assumptions about escondido condo values relative to the median, 190k seems high, neglecting inflation… and interest rates. 1000/mo @ 5.25 seems generous… are rates really that low for the average buyer without 800+ credit score? add the ancillary costs/tax benefits, how does it compare? finally… it’s still escondido.

bottom line, my question was merely posed to the op: he isn’t concerned if prices fall to 190 from 210, but how would he feel about a much larger fall. this snowball is only now picking up steam, the rate of decline is increasing and prices a mere 6 months from now may be astounding. although, i do think a decent bump will be had this spring and summer from people like the op who really want to buy and are will to take what they imagine will be only a small bit of a hit.

[drunkle]

patient:

if i actually did some research on it, my posting would fall out of the “nothing useful” category. besides, he didn’t post an address, i don’t have historical price data at my fingertips and i’m going on median prices circa 2000.

asia:

taking year 2000 median (200k) and making assumptions about escondido condo values relative to the median, 190k seems high, neglecting inflation… and interest rates. 1000/mo @ 5.25 seems generous… are rates really that low for the average buyer without 800+ credit score? add the ancillary costs/tax benefits, how does it compare? finally… it’s still escondido.

bottom line, my question was merely posed to the op: he isn’t concerned if prices fall to 190 from 210, but how would he feel about a much larger fall. this snowball is only now picking up steam, the rate of decline is increasing and prices a mere 6 months from now may be astounding. although, i do think a decent bump will be had this spring and summer from people like the op who really want to buy and are will to take what they imagine will be only a small bit of a hit.

[drunkle]

patient:

if i actually did some research on it, my posting would fall out of the “nothing useful” category. besides, he didn’t post an address, i don’t have historical price data at my fingertips and i’m going on median prices circa 2000.

asia:

taking year 2000 median (200k) and making assumptions about escondido condo values relative to the median, 190k seems high, neglecting inflation… and interest rates. 1000/mo @ 5.25 seems generous… are rates really that low for the average buyer without 800+ credit score? add the ancillary costs/tax benefits, how does it compare? finally… it’s still escondido.

bottom line, my question was merely posed to the op: he isn’t concerned if prices fall to 190 from 210, but how would he feel about a much larger fall. this snowball is only now picking up steam, the rate of decline is increasing and prices a mere 6 months from now may be astounding. although, i do think a decent bump will be had this spring and summer from people like the op who really want to buy and are will to take what they imagine will be only a small bit of a hit.

[drunkle]

patient:

if i actually did some research on it, my posting would fall out of the “nothing useful” category. besides, he didn’t post an address, i don’t have historical price data at my fingertips and i’m going on median prices circa 2000.

asia:

taking year 2000 median (200k) and making assumptions about escondido condo values relative to the median, 190k seems high, neglecting inflation… and interest rates. 1000/mo @ 5.25 seems generous… are rates really that low for the average buyer without 800+ credit score? add the ancillary costs/tax benefits, how does it compare? finally… it’s still escondido.

bottom line, my question was merely posed to the op: he isn’t concerned if prices fall to 190 from 210, but how would he feel about a much larger fall. this snowball is only now picking up steam, the rate of decline is increasing and prices a mere 6 months from now may be astounding. although, i do think a decent bump will be had this spring and summer from people like the op who really want to buy and are will to take what they imagine will be only a small bit of a hit.

[drunkle]

robson:

the energy market is a perfect example. oil companies get a subsidy (tax breaks and such), one that was initially created to encourage oil exploration. now, the world runs on oil, oil companies make billions of dollars and yet they still get subsidized. now, to make it “fair” for alternatives, they too get a subsidy…

like… wtf! same thing for gamblers… cough, “investors”. meanwhile, market manipulation runs rampant…

boa’s tax benefits may turn out to be godly… countrywide losses over ~1.35 billion are eligible for unlimited tax write offs… considering the massive amount of mortgage losses countrywide may take, the 4 bil purchase price could be the greatest deal of the century.

[drunkle]

robson:

the energy market is a perfect example. oil companies get a subsidy (tax breaks and such), one that was initially created to encourage oil exploration. now, the world runs on oil, oil companies make billions of dollars and yet they still get subsidized. now, to make it “fair” for alternatives, they too get a subsidy…

like… wtf! same thing for gamblers… cough, “investors”. meanwhile, market manipulation runs rampant…

boa’s tax benefits may turn out to be godly… countrywide losses over ~1.35 billion are eligible for unlimited tax write offs… considering the massive amount of mortgage losses countrywide may take, the 4 bil purchase price could be the greatest deal of the century.

[drunkle]

robson:

the energy market is a perfect example. oil companies get a subsidy (tax breaks and such), one that was initially created to encourage oil exploration. now, the world runs on oil, oil companies make billions of dollars and yet they still get subsidized. now, to make it “fair” for alternatives, they too get a subsidy…

like… wtf! same thing for gamblers… cough, “investors”. meanwhile, market manipulation runs rampant…

boa’s tax benefits may turn out to be godly… countrywide losses over ~1.35 billion are eligible for unlimited tax write offs… considering the massive amount of mortgage losses countrywide may take, the 4 bil purchase price could be the greatest deal of the century.

[drunkle]

robson:

the energy market is a perfect example. oil companies get a subsidy (tax breaks and such), one that was initially created to encourage oil exploration. now, the world runs on oil, oil companies make billions of dollars and yet they still get subsidized. now, to make it “fair” for alternatives, they too get a subsidy…

like… wtf! same thing for gamblers… cough, “investors”. meanwhile, market manipulation runs rampant…

boa’s tax benefits may turn out to be godly… countrywide losses over ~1.35 billion are eligible for unlimited tax write offs… considering the massive amount of mortgage losses countrywide may take, the 4 bil purchase price could be the greatest deal of the century.

[drunkle]

robson:

the energy market is a perfect example. oil companies get a subsidy (tax breaks and such), one that was initially created to encourage oil exploration. now, the world runs on oil, oil companies make billions of dollars and yet they still get subsidized. now, to make it “fair” for alternatives, they too get a subsidy…

like… wtf! same thing for gamblers… cough, “investors”. meanwhile, market manipulation runs rampant…

boa’s tax benefits may turn out to be godly… countrywide losses over ~1.35 billion are eligible for unlimited tax write offs… considering the massive amount of mortgage losses countrywide may take, the 4 bil purchase price could be the greatest deal of the century.

[drunkle]

i understood your post perfectly and think you made some good arguments.

your graph really needs to extend out to the real limits of wealth and income. that would be what, upwards of 50 billion? the significance of that being, a billionaire isn’t sweating campaign contributions.

consider as well, what these guys are talking about with the tax code; the innumerable loopholes, evasion schemes and tax shelters that the current byzantine system allows. a “simple” tax code is farthest from what *those guys* want.

“start” a home based business? as far as i could tell, your business had to have income for you to be able to take deductions. making random deductions on your own for the hell of it is called “fraud”. we bitch about the fraudsters signing liar loans, yeah?

[drunkle]

i understood your post perfectly and think you made some good arguments.

your graph really needs to extend out to the real limits of wealth and income. that would be what, upwards of 50 billion? the significance of that being, a billionaire isn’t sweating campaign contributions.

consider as well, what these guys are talking about with the tax code; the innumerable loopholes, evasion schemes and tax shelters that the current byzantine system allows. a “simple” tax code is farthest from what *those guys* want.

“start” a home based business? as far as i could tell, your business had to have income for you to be able to take deductions. making random deductions on your own for the hell of it is called “fraud”. we bitch about the fraudsters signing liar loans, yeah?

[drunkle]

i understood your post perfectly and think you made some good arguments.

your graph really needs to extend out to the real limits of wealth and income. that would be what, upwards of 50 billion? the significance of that being, a billionaire isn’t sweating campaign contributions.

consider as well, what these guys are talking about with the tax code; the innumerable loopholes, evasion schemes and tax shelters that the current byzantine system allows. a “simple” tax code is farthest from what *those guys* want.

“start” a home based business? as far as i could tell, your business had to have income for you to be able to take deductions. making random deductions on your own for the hell of it is called “fraud”. we bitch about the fraudsters signing liar loans, yeah?

[drunkle]

i understood your post perfectly and think you made some good arguments.

your graph really needs to extend out to the real limits of wealth and income. that would be what, upwards of 50 billion? the significance of that being, a billionaire isn’t sweating campaign contributions.

consider as well, what these guys are talking about with the tax code; the innumerable loopholes, evasion schemes and tax shelters that the current byzantine system allows. a “simple” tax code is farthest from what *those guys* want.

“start” a home based business? as far as i could tell, your business had to have income for you to be able to take deductions. making random deductions on your own for the hell of it is called “fraud”. we bitch about the fraudsters signing liar loans, yeah?

[drunkle]

i understood your post perfectly and think you made some good arguments.

your graph really needs to extend out to the real limits of wealth and income. that would be what, upwards of 50 billion? the significance of that being, a billionaire isn’t sweating campaign contributions.

consider as well, what these guys are talking about with the tax code; the innumerable loopholes, evasion schemes and tax shelters that the current byzantine system allows. a “simple” tax code is farthest from what *those guys* want.

“start” a home based business? as far as i could tell, your business had to have income for you to be able to take deductions. making random deductions on your own for the hell of it is called “fraud”. we bitch about the fraudsters signing liar loans, yeah?

[Author]

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