[EconProf]

BobS
We often hear the claim that financial issues are the biggest cause of divorce. But I suggest that financial problems are the symptom, not the cause, of marital discord.
More likely, the cause is two people unable or unwilling to plan, or to share financial decisionmaking, or to not resist rampant consumerism and advertising. Of course two such people will have financial problems, and our superficial news journalists will blame it all on the recession, or the housing meltdown, or that old favorite, G.W. Bush. Look for more such shallow analysis in the months ahead.

[EconProf]

BobS
We often hear the claim that financial issues are the biggest cause of divorce. But I suggest that financial problems are the symptom, not the cause, of marital discord.
More likely, the cause is two people unable or unwilling to plan, or to share financial decisionmaking, or to not resist rampant consumerism and advertising. Of course two such people will have financial problems, and our superficial news journalists will blame it all on the recession, or the housing meltdown, or that old favorite, G.W. Bush. Look for more such shallow analysis in the months ahead.

[EconProf]

BobS
We often hear the claim that financial issues are the biggest cause of divorce. But I suggest that financial problems are the symptom, not the cause, of marital discord.
More likely, the cause is two people unable or unwilling to plan, or to share financial decisionmaking, or to not resist rampant consumerism and advertising. Of course two such people will have financial problems, and our superficial news journalists will blame it all on the recession, or the housing meltdown, or that old favorite, G.W. Bush. Look for more such shallow analysis in the months ahead.

[EconProf]

BobS
We often hear the claim that financial issues are the biggest cause of divorce. But I suggest that financial problems are the symptom, not the cause, of marital discord.
More likely, the cause is two people unable or unwilling to plan, or to share financial decisionmaking, or to not resist rampant consumerism and advertising. Of course two such people will have financial problems, and our superficial news journalists will blame it all on the recession, or the housing meltdown, or that old favorite, G.W. Bush. Look for more such shallow analysis in the months ahead.

[EconProf]

BobS
We often hear the claim that financial issues are the biggest cause of divorce. But I suggest that financial problems are the symptom, not the cause, of marital discord.
More likely, the cause is two people unable or unwilling to plan, or to share financial decisionmaking, or to not resist rampant consumerism and advertising. Of course two such people will have financial problems, and our superficial news journalists will blame it all on the recession, or the housing meltdown, or that old favorite, G.W. Bush. Look for more such shallow analysis in the months ahead.

[EconProf]

BobS
Welcome to the Piggs, Mr. Mortgage. You’ll find that although we have sharp elbows, most posters here can give you some very insightful feedback that should prove useful in your work. Given the pathbreaking data and stands you are coming out with, peer-review of the sort you find here can be the best way of honing and refining your message.

One reason San Diego trends should be a major part of your research is that is that we lead other areas in this housing cycle. We led other housing markets in the bubble runup, and we peaked before others–I believe in the summer of 2005. Will we lead in finding the bottom? That’s for you to find out.

[EconProf]

BobS
Welcome to the Piggs, Mr. Mortgage. You’ll find that although we have sharp elbows, most posters here can give you some very insightful feedback that should prove useful in your work. Given the pathbreaking data and stands you are coming out with, peer-review of the sort you find here can be the best way of honing and refining your message.

One reason San Diego trends should be a major part of your research is that is that we lead other areas in this housing cycle. We led other housing markets in the bubble runup, and we peaked before others–I believe in the summer of 2005. Will we lead in finding the bottom? That’s for you to find out.

[EconProf]

BobS
Welcome to the Piggs, Mr. Mortgage. You’ll find that although we have sharp elbows, most posters here can give you some very insightful feedback that should prove useful in your work. Given the pathbreaking data and stands you are coming out with, peer-review of the sort you find here can be the best way of honing and refining your message.

One reason San Diego trends should be a major part of your research is that is that we lead other areas in this housing cycle. We led other housing markets in the bubble runup, and we peaked before others–I believe in the summer of 2005. Will we lead in finding the bottom? That’s for you to find out.

[EconProf]

BobS
Welcome to the Piggs, Mr. Mortgage. You’ll find that although we have sharp elbows, most posters here can give you some very insightful feedback that should prove useful in your work. Given the pathbreaking data and stands you are coming out with, peer-review of the sort you find here can be the best way of honing and refining your message.

One reason San Diego trends should be a major part of your research is that is that we lead other areas in this housing cycle. We led other housing markets in the bubble runup, and we peaked before others–I believe in the summer of 2005. Will we lead in finding the bottom? That’s for you to find out.

[EconProf]

BobS
Welcome to the Piggs, Mr. Mortgage. You’ll find that although we have sharp elbows, most posters here can give you some very insightful feedback that should prove useful in your work. Given the pathbreaking data and stands you are coming out with, peer-review of the sort you find here can be the best way of honing and refining your message.

One reason San Diego trends should be a major part of your research is that is that we lead other areas in this housing cycle. We led other housing markets in the bubble runup, and we peaked before others–I believe in the summer of 2005. Will we lead in finding the bottom? That’s for you to find out.

[EconProf]

BobS
This is a really good question, because the politicians pushing bailouts are all claiming they won’t help “speculators”. But that is a very squishy and ambiguous term, and defining it in any law will be tricky.

What about the homeowner who bought at the peak and put nothing down, stretched himself financially to the limit, and who bought largely for appreciation and also to live in the house? I’d call him a speculator who simply bet wrong. How can a law be written which will exclude him? Yet his neighbor who rents may have the same financials but decided to save for a decent down payment and for the time when house prices would become affordable? The prudent neighbor gets screwed; the undeserving homeowner gets rewarded by our government (and his taxpaying neighbor).

[EconProf]

BobS
This is a really good question, because the politicians pushing bailouts are all claiming they won’t help “speculators”. But that is a very squishy and ambiguous term, and defining it in any law will be tricky.

What about the homeowner who bought at the peak and put nothing down, stretched himself financially to the limit, and who bought largely for appreciation and also to live in the house? I’d call him a speculator who simply bet wrong. How can a law be written which will exclude him? Yet his neighbor who rents may have the same financials but decided to save for a decent down payment and for the time when house prices would become affordable? The prudent neighbor gets screwed; the undeserving homeowner gets rewarded by our government (and his taxpaying neighbor).

[EconProf]

BobS
This is a really good question, because the politicians pushing bailouts are all claiming they won’t help “speculators”. But that is a very squishy and ambiguous term, and defining it in any law will be tricky.

What about the homeowner who bought at the peak and put nothing down, stretched himself financially to the limit, and who bought largely for appreciation and also to live in the house? I’d call him a speculator who simply bet wrong. How can a law be written which will exclude him? Yet his neighbor who rents may have the same financials but decided to save for a decent down payment and for the time when house prices would become affordable? The prudent neighbor gets screwed; the undeserving homeowner gets rewarded by our government (and his taxpaying neighbor).

[EconProf]

BobS
This is a really good question, because the politicians pushing bailouts are all claiming they won’t help “speculators”. But that is a very squishy and ambiguous term, and defining it in any law will be tricky.

What about the homeowner who bought at the peak and put nothing down, stretched himself financially to the limit, and who bought largely for appreciation and also to live in the house? I’d call him a speculator who simply bet wrong. How can a law be written which will exclude him? Yet his neighbor who rents may have the same financials but decided to save for a decent down payment and for the time when house prices would become affordable? The prudent neighbor gets screwed; the undeserving homeowner gets rewarded by our government (and his taxpaying neighbor).

[EconProf]

BobS
This is a really good question, because the politicians pushing bailouts are all claiming they won’t help “speculators”. But that is a very squishy and ambiguous term, and defining it in any law will be tricky.

What about the homeowner who bought at the peak and put nothing down, stretched himself financially to the limit, and who bought largely for appreciation and also to live in the house? I’d call him a speculator who simply bet wrong. How can a law be written which will exclude him? Yet his neighbor who rents may have the same financials but decided to save for a decent down payment and for the time when house prices would become affordable? The prudent neighbor gets screwed; the undeserving homeowner gets rewarded by our government (and his taxpaying neighbor).

[Author]

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