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August 22, 2008 at 12:10 PM in reply to: Peter Schiff: Housing prices will go back to 2000 or lower… #260338August 22, 2008 at 12:10 PM in reply to: Peter Schiff: Housing prices will go back to 2000 or lower… #260377
(former)FormerSanDiegan
ParticipantI did not claim that anyone missed out on an 80% rally.
I merely claimed that it existed and you challenged that fact.
Sure some folks made more in oil futures than stocks. However, that does not mean the the value that others made in stocks was negative.
ParticipantWhy vacation rentals ?
Why not bread-and-butter rental properties close to job centers ?
Currently, the coast is still highly priced. I believe that at some point during this recession vacation rentals will get cheap for two reasons :
1. Less demand caused by fewer vacationers (probably already happening)
2. Coastal property markets feeling progressively more of the impact.In fact, one might expect vacation properties (especially condos) may be the last thing to turn up in the next potential upturn. People need to cover the basics of shelter and comfort first before considering luxury items.
ParticipantWhy vacation rentals ?
Why not bread-and-butter rental properties close to job centers ?
Currently, the coast is still highly priced. I believe that at some point during this recession vacation rentals will get cheap for two reasons :
1. Less demand caused by fewer vacationers (probably already happening)
2. Coastal property markets feeling progressively more of the impact.In fact, one might expect vacation properties (especially condos) may be the last thing to turn up in the next potential upturn. People need to cover the basics of shelter and comfort first before considering luxury items.
ParticipantWhy vacation rentals ?
Why not bread-and-butter rental properties close to job centers ?
Currently, the coast is still highly priced. I believe that at some point during this recession vacation rentals will get cheap for two reasons :
1. Less demand caused by fewer vacationers (probably already happening)
2. Coastal property markets feeling progressively more of the impact.In fact, one might expect vacation properties (especially condos) may be the last thing to turn up in the next potential upturn. People need to cover the basics of shelter and comfort first before considering luxury items.
ParticipantWhy vacation rentals ?
Why not bread-and-butter rental properties close to job centers ?
Currently, the coast is still highly priced. I believe that at some point during this recession vacation rentals will get cheap for two reasons :
1. Less demand caused by fewer vacationers (probably already happening)
2. Coastal property markets feeling progressively more of the impact.In fact, one might expect vacation properties (especially condos) may be the last thing to turn up in the next potential upturn. People need to cover the basics of shelter and comfort first before considering luxury items.
ParticipantWhy vacation rentals ?
Why not bread-and-butter rental properties close to job centers ?
Currently, the coast is still highly priced. I believe that at some point during this recession vacation rentals will get cheap for two reasons :
1. Less demand caused by fewer vacationers (probably already happening)
2. Coastal property markets feeling progressively more of the impact.In fact, one might expect vacation properties (especially condos) may be the last thing to turn up in the next potential upturn. People need to cover the basics of shelter and comfort first before considering luxury items.
August 22, 2008 at 11:45 AM in reply to: Peter Schiff: Housing prices will go back to 2000 or lower… #260061ParticipantWhat hurts the average San Diegan more, spending 1-2k more a year on gas/food or losing 100k in home equity?
What hurts the average investor more ? Making a few hundred K on stocks from 2003 to 2007 or paying 1-2K more a year on gas/food ?
Which gets us back to my original beef. Pricing relative to commodities distorts reality. While I agree in principle that commodities reflect monetary inflation, they exaggerate the magnitude of the change because of speculation, and thus are a poor barometer.
August 22, 2008 at 11:45 AM in reply to: Peter Schiff: Housing prices will go back to 2000 or lower… #260259ParticipantWhat hurts the average San Diegan more, spending 1-2k more a year on gas/food or losing 100k in home equity?
What hurts the average investor more ? Making a few hundred K on stocks from 2003 to 2007 or paying 1-2K more a year on gas/food ?
Which gets us back to my original beef. Pricing relative to commodities distorts reality. While I agree in principle that commodities reflect monetary inflation, they exaggerate the magnitude of the change because of speculation, and thus are a poor barometer.
August 22, 2008 at 11:45 AM in reply to: Peter Schiff: Housing prices will go back to 2000 or lower… #260270ParticipantWhat hurts the average San Diegan more, spending 1-2k more a year on gas/food or losing 100k in home equity?
What hurts the average investor more ? Making a few hundred K on stocks from 2003 to 2007 or paying 1-2K more a year on gas/food ?
Which gets us back to my original beef. Pricing relative to commodities distorts reality. While I agree in principle that commodities reflect monetary inflation, they exaggerate the magnitude of the change because of speculation, and thus are a poor barometer.
August 22, 2008 at 11:45 AM in reply to: Peter Schiff: Housing prices will go back to 2000 or lower… #260318ParticipantWhat hurts the average San Diegan more, spending 1-2k more a year on gas/food or losing 100k in home equity?
What hurts the average investor more ? Making a few hundred K on stocks from 2003 to 2007 or paying 1-2K more a year on gas/food ?
Which gets us back to my original beef. Pricing relative to commodities distorts reality. While I agree in principle that commodities reflect monetary inflation, they exaggerate the magnitude of the change because of speculation, and thus are a poor barometer.
August 22, 2008 at 11:45 AM in reply to: Peter Schiff: Housing prices will go back to 2000 or lower… #260357ParticipantWhat hurts the average San Diegan more, spending 1-2k more a year on gas/food or losing 100k in home equity?
What hurts the average investor more ? Making a few hundred K on stocks from 2003 to 2007 or paying 1-2K more a year on gas/food ?
Which gets us back to my original beef. Pricing relative to commodities distorts reality. While I agree in principle that commodities reflect monetary inflation, they exaggerate the magnitude of the change because of speculation, and thus are a poor barometer.
August 22, 2008 at 10:07 AM in reply to: Peter Schiff: Housing prices will go back to 2000 or lower… #260021ParticipantWho cares if my index funds are up 80% if food and energy are up 200-300%?
I care.
Food and energy currently compose about 10% of our annual household budget.
Our investments are about 500% of our annual income.
August 22, 2008 at 10:07 AM in reply to: Peter Schiff: Housing prices will go back to 2000 or lower… #260219ParticipantWho cares if my index funds are up 80% if food and energy are up 200-300%?
I care.
Food and energy currently compose about 10% of our annual household budget.
Our investments are about 500% of our annual income.
August 22, 2008 at 10:07 AM in reply to: Peter Schiff: Housing prices will go back to 2000 or lower… #260230ParticipantWho cares if my index funds are up 80% if food and energy are up 200-300%?
I care.
Food and energy currently compose about 10% of our annual household budget.
Our investments are about 500% of our annual income.
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