[JES]

The self deception is admirable! Even in the face of foreclosure and bankrupcy people like this still run around with false pride and grand illusions that they are living the life of a celebrity. Sometimes I wish that I could be a little less self aware and just run around dropping benjamins, sipping on Cristal and buying new cars and backyard pools that I cannot afford. Interesting that from a distance, many would assume that this couple had reached the pinnacle of success, when in fact they are flat broke. At the same time, you could look at the guy down the street from us with a wife, two kids, old Chevy, average house, and assume that he is just an average Joe who hasn’t gone too far in life. In fact, he is a doctor and loaded, you just can’t see it. Bling, bling! Look at my bling! Look at my bank account and you won’t see a thing! And I can’t take it with me when I die, so it don’t mean a thing!

[JES]

The self deception is admirable! Even in the face of foreclosure and bankrupcy people like this still run around with false pride and grand illusions that they are living the life of a celebrity. Sometimes I wish that I could be a little less self aware and just run around dropping benjamins, sipping on Cristal and buying new cars and backyard pools that I cannot afford. Interesting that from a distance, many would assume that this couple had reached the pinnacle of success, when in fact they are flat broke. At the same time, you could look at the guy down the street from us with a wife, two kids, old Chevy, average house, and assume that he is just an average Joe who hasn’t gone too far in life. In fact, he is a doctor and loaded, you just can’t see it. Bling, bling! Look at my bling! Look at my bank account and you won’t see a thing! And I can’t take it with me when I die, so it don’t mean a thing!

[JES]

Yes, the symbols on their merit badges reveal a secret code that is known only to the followers of the devine feminine.

[JES]

Yes, the symbols on their merit badges reveal a secret code that is known only to the followers of the devine feminine.

[JES]

Yes, the symbols on their merit badges reveal a secret code that is known only to the followers of the devine feminine.

[JES]

We all know that the entire thing is being coordinated by a few smart Jewish guys in the same way that they created 9/11. Everybody knows that…

[JES]

We all know that the entire thing is being coordinated by a few smart Jewish guys in the same way that they created 9/11. Everybody knows that…

[JES]

We all know that the entire thing is being coordinated by a few smart Jewish guys in the same way that they created 9/11. Everybody knows that…

[JES]

I will agree that prices west of the 5 will not drop off a cliff, but I am having a hard time understanding why a home that is 900k in S.Carlsbad can’t easily drop to, say, 600k.

[JES]

I will agree that prices west of the 5 will not drop off a cliff, but I am having a hard time understanding why a home that is 900k in S.Carlsbad can’t easily drop to, say, 600k.

[JES]

I will agree that prices west of the 5 will not drop off a cliff, but I am having a hard time understanding why a home that is 900k in S.Carlsbad can’t easily drop to, say, 600k.

[JES]

Alex, the problem that I have is understanding what exactly has happened the past 7 years to drive prices west of the 5 in an area like Carlsbad up 150%+. Seriously, in 2000 I could have bought a home in S.Carlsbad west of the 5 for 300k. That same home is now 900k. In 2000, there really wasn’t much more land left to build on west of the 5 either. Has San Diego’s economy fundamentally changed since 2000? One thing that I am certain has changed is that we went through a period of rampant speculation driven by easy money and low interest rates, roughly during that same time period. To make the case that prices will not drop, you need to understand how they got to where they are. Convince me that current prices west of the 5 are in line with the fundamentals and I will agree with you that they will not fall.

[JES]

Alex, the problem that I have is understanding what exactly has happened the past 7 years to drive prices west of the 5 in an area like Carlsbad up 150%+. Seriously, in 2000 I could have bought a home in S.Carlsbad west of the 5 for 300k. That same home is now 900k. In 2000, there really wasn’t much more land left to build on west of the 5 either. Has San Diego’s economy fundamentally changed since 2000? One thing that I am certain has changed is that we went through a period of rampant speculation driven by easy money and low interest rates, roughly during that same time period. To make the case that prices will not drop, you need to understand how they got to where they are. Convince me that current prices west of the 5 are in line with the fundamentals and I will agree with you that they will not fall.

[JES]

Alex, the problem that I have is understanding what exactly has happened the past 7 years to drive prices west of the 5 in an area like Carlsbad up 150%+. Seriously, in 2000 I could have bought a home in S.Carlsbad west of the 5 for 300k. That same home is now 900k. In 2000, there really wasn’t much more land left to build on west of the 5 either. Has San Diego’s economy fundamentally changed since 2000? One thing that I am certain has changed is that we went through a period of rampant speculation driven by easy money and low interest rates, roughly during that same time period. To make the case that prices will not drop, you need to understand how they got to where they are. Convince me that current prices west of the 5 are in line with the fundamentals and I will agree with you that they will not fall.

[JES]

Entrepreneur, Business Startups Magazine etc. are even worse…

[Author]

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