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JES
ParticipantDo a Myers Briggs personality test on your wife. If she comes back an STJ, narrow the choices down before getting her involved. She will want to look at what’s in front of her, be analytical about it and close her options quickly. If she comes back an NFP, let her be the one who hunts and finds all the possibilities. then when it comes time to decide, send her to the kitchen to bake cookies…
August 16, 2007 at 7:39 AM in reply to: Dow Closes below 13000 today. Down 167 points. NDQ -40, S&P -19.8 #76212ParticipantAnyone else enjoying this market correction as much as I am? Nostodamus here: I predict that it will fall 500 points today. the perfect storm is brewing and cash is king.
August 16, 2007 at 7:39 AM in reply to: Dow Closes below 13000 today. Down 167 points. NDQ -40, S&P -19.8 #76331ParticipantAnyone else enjoying this market correction as much as I am? Nostodamus here: I predict that it will fall 500 points today. the perfect storm is brewing and cash is king.
August 16, 2007 at 7:39 AM in reply to: Dow Closes below 13000 today. Down 167 points. NDQ -40, S&P -19.8 #76333ParticipantAnyone else enjoying this market correction as much as I am? Nostodamus here: I predict that it will fall 500 points today. the perfect storm is brewing and cash is king.
ParticipantPrices have already gone down, in some cases 15-20%, and yet unlike the lurkers here, most people in SD county have no clue about the true condition of the market. They see the median price leveling or even going up, but they pay no attention to the other ways to measure prices that are taught here. Far more accurate measures. They read the UT and NCTimes and find false encouragement that we are near the bottom, but they don’t take the time to read the Voice of San Diego. And overall, they spend about 1/100th the time that we all do analyzing the market. If they live, or want to buy, in Carlsbad or Encintas, they likely think that the crash hasn’t affected them and that prices will soon rise again now that the worst is over.
Living in the middle of this bubble does one of two things to a man. He either gains insight into the insanity, removes himself from it and takes appropriate action, or he gets so deeply involved in the action that he is forever seduced by the game itself. It is not that far removed from gambling. Start with $100, throw some craps, win $1,000, and I cash out while the guy next to me decides that the hand will turn hot again soon and lets it roll. Only in this case, instead of the odds being slightly worse than even, they are probably entirely stacked against the better with very little gain to be expected for so much risk. And yet new buyers continually come to the table thinking “700 k is alot of money, but it used to be 775k, so this is a real baragin and it is not like prices here are really going to go down that miuch further. Besides, since we make 110k a year, we need the tax write off…”
ParticipantPrices have already gone down, in some cases 15-20%, and yet unlike the lurkers here, most people in SD county have no clue about the true condition of the market. They see the median price leveling or even going up, but they pay no attention to the other ways to measure prices that are taught here. Far more accurate measures. They read the UT and NCTimes and find false encouragement that we are near the bottom, but they don’t take the time to read the Voice of San Diego. And overall, they spend about 1/100th the time that we all do analyzing the market. If they live, or want to buy, in Carlsbad or Encintas, they likely think that the crash hasn’t affected them and that prices will soon rise again now that the worst is over.
Living in the middle of this bubble does one of two things to a man. He either gains insight into the insanity, removes himself from it and takes appropriate action, or he gets so deeply involved in the action that he is forever seduced by the game itself. It is not that far removed from gambling. Start with $100, throw some craps, win $1,000, and I cash out while the guy next to me decides that the hand will turn hot again soon and lets it roll. Only in this case, instead of the odds being slightly worse than even, they are probably entirely stacked against the better with very little gain to be expected for so much risk. And yet new buyers continually come to the table thinking “700 k is alot of money, but it used to be 775k, so this is a real baragin and it is not like prices here are really going to go down that miuch further. Besides, since we make 110k a year, we need the tax write off…”
ParticipantPrices have already gone down, in some cases 15-20%, and yet unlike the lurkers here, most people in SD county have no clue about the true condition of the market. They see the median price leveling or even going up, but they pay no attention to the other ways to measure prices that are taught here. Far more accurate measures. They read the UT and NCTimes and find false encouragement that we are near the bottom, but they don’t take the time to read the Voice of San Diego. And overall, they spend about 1/100th the time that we all do analyzing the market. If they live, or want to buy, in Carlsbad or Encintas, they likely think that the crash hasn’t affected them and that prices will soon rise again now that the worst is over.
Living in the middle of this bubble does one of two things to a man. He either gains insight into the insanity, removes himself from it and takes appropriate action, or he gets so deeply involved in the action that he is forever seduced by the game itself. It is not that far removed from gambling. Start with $100, throw some craps, win $1,000, and I cash out while the guy next to me decides that the hand will turn hot again soon and lets it roll. Only in this case, instead of the odds being slightly worse than even, they are probably entirely stacked against the better with very little gain to be expected for so much risk. And yet new buyers continually come to the table thinking “700 k is alot of money, but it used to be 775k, so this is a real baragin and it is not like prices here are really going to go down that miuch further. Besides, since we make 110k a year, we need the tax write off…”
ParticipantWhen I look at homes in an area like San Elijo Hills that are currently selling for 700k, my intuition tells me that they will drop to at least 500k during the next two years. My subconscious is comnbining the millions of facts that I have seen on this site and others and weighing the odds of a recession, layoffs, a continued housing crash, and heaven forbid a terrorist strike on this country, rate rises etc. Just as Nostradamus predicted ‘hisler’ and the soon to be revealed antichrist who will rise from the European Union, I am confident in 500k, if for no other reason than the fact that the average person in North County looks at those stucco boxes and says, “700k, are you kidding me! Maybe 500k, but no way I’d pay 700k.”
ParticipantWhen I look at homes in an area like San Elijo Hills that are currently selling for 700k, my intuition tells me that they will drop to at least 500k during the next two years. My subconscious is comnbining the millions of facts that I have seen on this site and others and weighing the odds of a recession, layoffs, a continued housing crash, and heaven forbid a terrorist strike on this country, rate rises etc. Just as Nostradamus predicted ‘hisler’ and the soon to be revealed antichrist who will rise from the European Union, I am confident in 500k, if for no other reason than the fact that the average person in North County looks at those stucco boxes and says, “700k, are you kidding me! Maybe 500k, but no way I’d pay 700k.”
ParticipantWhen I look at homes in an area like San Elijo Hills that are currently selling for 700k, my intuition tells me that they will drop to at least 500k during the next two years. My subconscious is comnbining the millions of facts that I have seen on this site and others and weighing the odds of a recession, layoffs, a continued housing crash, and heaven forbid a terrorist strike on this country, rate rises etc. Just as Nostradamus predicted ‘hisler’ and the soon to be revealed antichrist who will rise from the European Union, I am confident in 500k, if for no other reason than the fact that the average person in North County looks at those stucco boxes and says, “700k, are you kidding me! Maybe 500k, but no way I’d pay 700k.”
ParticipantI would consider looking in the neighborhoods just east of El Camino Real in the Encinitas / LaCosta area. South of LaCosta Blvd., west of Rancho Santa Fe Rd., eest of El Camino Real and north of Encinitas Blvd. No mello roos, great schools etc. EG: Here is an example of what you can get in that very desirable area for 695k:
http://www.encinitascarlsbad.com/page.cfm?page=HomeDetail&ID=530071
ParticipantI would consider looking in the neighborhoods just east of El Camino Real in the Encinitas / LaCosta area. South of LaCosta Blvd., west of Rancho Santa Fe Rd., eest of El Camino Real and north of Encinitas Blvd. No mello roos, great schools etc. EG: Here is an example of what you can get in that very desirable area for 695k:
http://www.encinitascarlsbad.com/page.cfm?page=HomeDetail&ID=530071
ParticipantI would consider looking in the neighborhoods just east of El Camino Real in the Encinitas / LaCosta area. South of LaCosta Blvd., west of Rancho Santa Fe Rd., eest of El Camino Real and north of Encinitas Blvd. No mello roos, great schools etc. EG: Here is an example of what you can get in that very desirable area for 695k:
http://www.encinitascarlsbad.com/page.cfm?page=HomeDetail&ID=530071
ParticipantI would guess that they will become involved in the handful of cases that pass a certain threshold. That threshold will likely, and hopefully, be high.
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