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March 2, 2009 at 12:33 PM in reply to: Stocks at levels not seen in 12 years…why not 1997 pricing for houses next? #358806March 2, 2009 at 12:33 PM in reply to: Stocks at levels not seen in 12 years…why not 1997 pricing for houses next? #359084
Ex-SD
ParticipantWhat’s driving the existing market is the same thing that caused the bubble in the first place: GREED! There are too many morons in SoCal who don’t take the time to truly educate themselves about what’s going on before spending ridiculous amounts of money on a house. They have convinced themselves that buying a home in SoCal is the road to wealth accumulation. Many of these people are the same people who will shop twenty car dealers (who sell the same brand) in order to drive down the price and save $200 when they buy a new car. They are convinced that if they don’t buy a house, NOW, that the price will magically shoot back up to late 2005 prices.
If you could get these morons out of the housing market and housing sales dropped another 50% +, then prices would fall almost immediately to 1997 pricing. Of course, if unemployment in CA hits 15% (which would be a real 20% due to the way the government now counts the unemployment figures), you’re likely to also see 1997 prices because at that point, housing sales will drop drastically…………………unless the fools in the White House and Congress decide that they will print even more money and announce that they’re going to pay the mortgage for everyone in the nation for ten years if they will buy a home immediately.March 2, 2009 at 12:33 PM in reply to: Stocks at levels not seen in 12 years…why not 1997 pricing for houses next? #358504ParticipantWhat’s driving the existing market is the same thing that caused the bubble in the first place: GREED! There are too many morons in SoCal who don’t take the time to truly educate themselves about what’s going on before spending ridiculous amounts of money on a house. They have convinced themselves that buying a home in SoCal is the road to wealth accumulation. Many of these people are the same people who will shop twenty car dealers (who sell the same brand) in order to drive down the price and save $200 when they buy a new car. They are convinced that if they don’t buy a house, NOW, that the price will magically shoot back up to late 2005 prices.
If you could get these morons out of the housing market and housing sales dropped another 50% +, then prices would fall almost immediately to 1997 pricing. Of course, if unemployment in CA hits 15% (which would be a real 20% due to the way the government now counts the unemployment figures), you’re likely to also see 1997 prices because at that point, housing sales will drop drastically…………………unless the fools in the White House and Congress decide that they will print even more money and announce that they’re going to pay the mortgage for everyone in the nation for ten years if they will buy a home immediately.March 2, 2009 at 12:33 PM in reply to: Stocks at levels not seen in 12 years…why not 1997 pricing for houses next? #358948ParticipantWhat’s driving the existing market is the same thing that caused the bubble in the first place: GREED! There are too many morons in SoCal who don’t take the time to truly educate themselves about what’s going on before spending ridiculous amounts of money on a house. They have convinced themselves that buying a home in SoCal is the road to wealth accumulation. Many of these people are the same people who will shop twenty car dealers (who sell the same brand) in order to drive down the price and save $200 when they buy a new car. They are convinced that if they don’t buy a house, NOW, that the price will magically shoot back up to late 2005 prices.
If you could get these morons out of the housing market and housing sales dropped another 50% +, then prices would fall almost immediately to 1997 pricing. Of course, if unemployment in CA hits 15% (which would be a real 20% due to the way the government now counts the unemployment figures), you’re likely to also see 1997 prices because at that point, housing sales will drop drastically…………………unless the fools in the White House and Congress decide that they will print even more money and announce that they’re going to pay the mortgage for everyone in the nation for ten years if they will buy a home immediately.March 2, 2009 at 12:33 PM in reply to: Stocks at levels not seen in 12 years…why not 1997 pricing for houses next? #358981ParticipantWhat’s driving the existing market is the same thing that caused the bubble in the first place: GREED! There are too many morons in SoCal who don’t take the time to truly educate themselves about what’s going on before spending ridiculous amounts of money on a house. They have convinced themselves that buying a home in SoCal is the road to wealth accumulation. Many of these people are the same people who will shop twenty car dealers (who sell the same brand) in order to drive down the price and save $200 when they buy a new car. They are convinced that if they don’t buy a house, NOW, that the price will magically shoot back up to late 2005 prices.
If you could get these morons out of the housing market and housing sales dropped another 50% +, then prices would fall almost immediately to 1997 pricing. Of course, if unemployment in CA hits 15% (which would be a real 20% due to the way the government now counts the unemployment figures), you’re likely to also see 1997 prices because at that point, housing sales will drop drastically…………………unless the fools in the White House and Congress decide that they will print even more money and announce that they’re going to pay the mortgage for everyone in the nation for ten years if they will buy a home immediately.ParticipantB.O. is putting too many programs on his plate. He’s only harming himself (politically) as well as the nation (fiscally) with this “all you can eat buffet” that he has launched so quickly in his Presidency. I didn’t vote for him but I would like to see him succeed with his quest to turn the economy around……..BUT…………..I just don’t see him having any possibility of success with this costly, idiotic, stimulus plan…………much less, with any attempts to implement national healthcare while attacking medicare at the same time. Me thinks he will encounter quite a bit of resistance, not only from AARP and the baby boomers but Senators and Congressmen / women from his own party.
ParticipantB.O. is putting too many programs on his plate. He’s only harming himself (politically) as well as the nation (fiscally) with this “all you can eat buffet” that he has launched so quickly in his Presidency. I didn’t vote for him but I would like to see him succeed with his quest to turn the economy around……..BUT…………..I just don’t see him having any possibility of success with this costly, idiotic, stimulus plan…………much less, with any attempts to implement national healthcare while attacking medicare at the same time. Me thinks he will encounter quite a bit of resistance, not only from AARP and the baby boomers but Senators and Congressmen / women from his own party.
ParticipantB.O. is putting too many programs on his plate. He’s only harming himself (politically) as well as the nation (fiscally) with this “all you can eat buffet” that he has launched so quickly in his Presidency. I didn’t vote for him but I would like to see him succeed with his quest to turn the economy around……..BUT…………..I just don’t see him having any possibility of success with this costly, idiotic, stimulus plan…………much less, with any attempts to implement national healthcare while attacking medicare at the same time. Me thinks he will encounter quite a bit of resistance, not only from AARP and the baby boomers but Senators and Congressmen / women from his own party.
ParticipantB.O. is putting too many programs on his plate. He’s only harming himself (politically) as well as the nation (fiscally) with this “all you can eat buffet” that he has launched so quickly in his Presidency. I didn’t vote for him but I would like to see him succeed with his quest to turn the economy around……..BUT…………..I just don’t see him having any possibility of success with this costly, idiotic, stimulus plan…………much less, with any attempts to implement national healthcare while attacking medicare at the same time. Me thinks he will encounter quite a bit of resistance, not only from AARP and the baby boomers but Senators and Congressmen / women from his own party.
ParticipantB.O. is putting too many programs on his plate. He’s only harming himself (politically) as well as the nation (fiscally) with this “all you can eat buffet” that he has launched so quickly in his Presidency. I didn’t vote for him but I would like to see him succeed with his quest to turn the economy around……..BUT…………..I just don’t see him having any possibility of success with this costly, idiotic, stimulus plan…………much less, with any attempts to implement national healthcare while attacking medicare at the same time. Me thinks he will encounter quite a bit of resistance, not only from AARP and the baby boomers but Senators and Congressmen / women from his own party.
ParticipantBernanke is as full of turkey as a Thanksgiving shit. This mess isn’t going away by 2010……………..and we’re probably not going to see any real signs of recovery until 2012. All of these guys are nothing more than talking heads who say what the President and his advisers tell them to say.
ParticipantBernanke is as full of turkey as a Thanksgiving shit. This mess isn’t going away by 2010……………..and we’re probably not going to see any real signs of recovery until 2012. All of these guys are nothing more than talking heads who say what the President and his advisers tell them to say.
ParticipantBernanke is as full of turkey as a Thanksgiving shit. This mess isn’t going away by 2010……………..and we’re probably not going to see any real signs of recovery until 2012. All of these guys are nothing more than talking heads who say what the President and his advisers tell them to say.
ParticipantBernanke is as full of turkey as a Thanksgiving shit. This mess isn’t going away by 2010……………..and we’re probably not going to see any real signs of recovery until 2012. All of these guys are nothing more than talking heads who say what the President and his advisers tell them to say.
ParticipantBernanke is as full of turkey as a Thanksgiving shit. This mess isn’t going away by 2010……………..and we’re probably not going to see any real signs of recovery until 2012. All of these guys are nothing more than talking heads who say what the President and his advisers tell them to say.
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