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Eugene
Participant“I am shocked at how many foreign buyers seem to want to own USA real estate.”
I see where you’re coming from but there’s one problem.
Foreign buyers aren’t snapping up McMansions in Florida to such an extent as to stop the bubble from collapsing. And Florida has some enormous advantages over San Diego for a prospective foreign vacation property buyer:
– About two times cheaper (median SFR in 300’s in Miami, low 200’s in Tampa)
– WARM OCEAN (low 70’s in December!)
– Direct 8-9 hour flights connecting Miami with London and Paris
Once we hear about rich Brits reversing the decline in Miami, I’ll start worrying about San Diego.
ParticipantWhat’s the story about Countryhaven Court?
ParticipantWhat’s the story about Countryhaven Court?
ParticipantWhat’s the story about Countryhaven Court?
ParticipantWhat’s the story about Countryhaven Court?
ParticipantWhat’s the story about Countryhaven Court?
January 11, 2008 at 10:59 AM in reply to: How do you see a Democratic prez handling the mortgage crash? #134221Participant“consists of pretty much anyone making $100k or more”
I heard 200K
“The government needs to spend less. Only RP wants to do that. ”
US government is one of the smallest governments in the developed world (in terms of spending vs. GDP). It can’t spend much less than it does. Yeah you can end the war (every Democrat will do that) and you can scale back Homeland Security but there aren’t any other easy ways to spend less.
January 11, 2008 at 10:59 AM in reply to: How do you see a Democratic prez handling the mortgage crash? #134414Participant“consists of pretty much anyone making $100k or more”
I heard 200K
“The government needs to spend less. Only RP wants to do that. ”
US government is one of the smallest governments in the developed world (in terms of spending vs. GDP). It can’t spend much less than it does. Yeah you can end the war (every Democrat will do that) and you can scale back Homeland Security but there aren’t any other easy ways to spend less.
January 11, 2008 at 10:59 AM in reply to: How do you see a Democratic prez handling the mortgage crash? #134423Participant“consists of pretty much anyone making $100k or more”
I heard 200K
“The government needs to spend less. Only RP wants to do that. ”
US government is one of the smallest governments in the developed world (in terms of spending vs. GDP). It can’t spend much less than it does. Yeah you can end the war (every Democrat will do that) and you can scale back Homeland Security but there aren’t any other easy ways to spend less.
January 11, 2008 at 10:59 AM in reply to: How do you see a Democratic prez handling the mortgage crash? #134476Participant“consists of pretty much anyone making $100k or more”
I heard 200K
“The government needs to spend less. Only RP wants to do that. ”
US government is one of the smallest governments in the developed world (in terms of spending vs. GDP). It can’t spend much less than it does. Yeah you can end the war (every Democrat will do that) and you can scale back Homeland Security but there aren’t any other easy ways to spend less.
January 11, 2008 at 10:59 AM in reply to: How do you see a Democratic prez handling the mortgage crash? #134517Participant“consists of pretty much anyone making $100k or more”
I heard 200K
“The government needs to spend less. Only RP wants to do that. ”
US government is one of the smallest governments in the developed world (in terms of spending vs. GDP). It can’t spend much less than it does. Yeah you can end the war (every Democrat will do that) and you can scale back Homeland Security but there aren’t any other easy ways to spend less.
January 11, 2008 at 12:45 AM in reply to: How do you see a Democratic prez handling the mortgage crash? #134017ParticipantIMHO
By November, falling consumer spending will eclipse mortgage problems
Democrats will save the consumer by taxing the heck out of the top 20% and redistributing the money among the bottom 80% (tax cuts, expanded welfare projects, free healthcare, etc.)
Republicans (except RP) will make Bush tax cuts permanent, top off with some free cash to everyone
January 11, 2008 at 12:45 AM in reply to: How do you see a Democratic prez handling the mortgage crash? #134210ParticipantIMHO
By November, falling consumer spending will eclipse mortgage problems
Democrats will save the consumer by taxing the heck out of the top 20% and redistributing the money among the bottom 80% (tax cuts, expanded welfare projects, free healthcare, etc.)
Republicans (except RP) will make Bush tax cuts permanent, top off with some free cash to everyone
January 11, 2008 at 12:45 AM in reply to: How do you see a Democratic prez handling the mortgage crash? #134219ParticipantIMHO
By November, falling consumer spending will eclipse mortgage problems
Democrats will save the consumer by taxing the heck out of the top 20% and redistributing the money among the bottom 80% (tax cuts, expanded welfare projects, free healthcare, etc.)
Republicans (except RP) will make Bush tax cuts permanent, top off with some free cash to everyone
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