[gold_dredger_phd]

This reads like a Marxist article. The government should have no business in deciding what people use for money.

The whole article could be read as a critique of fiat or paper money. Paper money is just that, paper. It’s all a promise.

If we had a choice between gold, paper, other metals or foreign currencies, people would opt to store their wealth in a form resistant to debasement.

All fiat currencies reach their true value, which is zero.

[gold_dredger_phd]

Some men are so desparate to get married that they will marry anything. If he’s a professional, how did he end up with a wife with no education? That’s what happens when you marry way below your class.

I’d tell her to move back to Mexico.

This guy has no backbone and deserves bankruptcy and divorce.

I would never put up with such an irrational woman. Just “Dump that b*tch!”

[gold_dredger_phd]

Going by personal savings rate, inverted yield curve and the sales of new cars, we should be in a recession by now.

Last quarter’s growth was 3.5%. The recession/depression may not happen until 2008.

For anyone who has access to statistics on the GDP, what has been the sharpest reversal of growth to contraction in the historical record for the US GDP?

[gold_dredger_phd]

Mortgage rates will not be coming down.

[gold_dredger_phd]

Proposition 13 is another market distortion that makes housing less liquid since it tends to keep people in their houses longer than they should be. Plus, if the old people get huge tax bills, then they’d be forced to move. That would drive down the price of housing.

[gold_dredger_phd]

I’d turn it into a bed and breakfast and advertise that it has ghosts.

[gold_dredger_phd]

I would sell my stake in the house and retire in the Midwest or Nevada. You can live off of $500K.

[gold_dredger_phd]

I heard of someone who got borked. He never made it on the Supreme Court!

[gold_dredger_phd]

Yeah, you do need to make over $200K per year in order to afford a house by reasonable standards in this county unless you want to live 50 miles from the coast or live in a dangerous neighborhood.

I know a guy who makes low 6 figures and he’s got a huge house loan. He sleeps in the laundry room and rents out the real rooms in his house to make ends meet.

I would not try to guess what direction interest rates will take. If they really will lower interest rates, the economy may be so bad that you may not want a house or you will not have a job.

If I could leave southern California, I would.

[gold_dredger_phd]

They should never have had 0% downpayment loans. People that cannot save money have no business owning a house.

[gold_dredger_phd]

That’s why you have children. Duh! In the end, no one outside your family really cares about you. I think that millions of older people are going to find that out in the next 20 or so years.

If I’m broke when retired, I’ll go live with the kids.

[gold_dredger_phd]

I’m going to retire to a trailer in Nevada. It should still be a low tax state and they have a change of seasons.

San Diego will be a resort for the super-wealthy foreigners who have priced out the unemployed locals. Or, California will have been taken over by Mexico de facto or de jure.

[gold_dredger_phd]

We are there to kill Jihadis! It’s better to have them all in one country so they are concentrated enough to kill them efficiently.

People have forgotten who Saddam was.

[gold_dredger_phd]

What he’s saying is:

“Housing has reached a permanently high plateau!”

[gold_dredger_phd]

A reverse mortgage is just “Elder Cleansing” from the high cost real estate areas.

They should give them 5 year reverse mortgages in SD and then just move them to Nebraska when the money runs out!

These bankers are very clever social engineers. You gotta turn over the property to make more money. The government gets more revenue once the value for tax assessment is updated when the house changes hands.

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