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JWM in SD
ParticipantOr the other way to look at is the opportunity cost. I would rather have that money sitting somewhere collecting 5% interest than waiting to get it back in my tax return. I don’t know how many times I’ve had to explain that concept to people….
Participant“The report is intended to generate new business for GS by generating fear in anyone invested in CA real estate – just another aspect of the banking game
Yes, GS ‘should’ have delivered the report 2 years ago but that isn’t how they make obscene profits”
Yes, unfortunately that is true. That is how the game is played nowadays (since the late nineties primarily).
If anyone here doubts that WS is out to steal your money, almost literally, then this proof positive of that. They want to scare out that remaining $10T or so of home equity that still exists out there and a big chunk of that is in Clownifornia.
Participant“The report is intended to generate new business for GS by generating fear in anyone invested in CA real estate – just another aspect of the banking game
Yes, GS ‘should’ have delivered the report 2 years ago but that isn’t how they make obscene profits”
Yes, unfortunately that is true. That is how the game is played nowadays (since the late nineties primarily).
If anyone here doubts that WS is out to steal your money, almost literally, then this proof positive of that. They want to scare out that remaining $10T or so of home equity that still exists out there and a big chunk of that is in Clownifornia.
Participant“The report is intended to generate new business for GS by generating fear in anyone invested in CA real estate – just another aspect of the banking game
Yes, GS ‘should’ have delivered the report 2 years ago but that isn’t how they make obscene profits”
Yes, unfortunately that is true. That is how the game is played nowadays (since the late nineties primarily).
If anyone here doubts that WS is out to steal your money, almost literally, then this proof positive of that. They want to scare out that remaining $10T or so of home equity that still exists out there and a big chunk of that is in Clownifornia.
ParticipantIn the short term, almost any currency other than USD. Longer term, the carry trade currencies: YEN and CHF. they will eventually unwind.
ParticipantIn the short term, almost any currency other than USD. Longer term, the carry trade currencies: YEN and CHF. they will eventually unwind.
ParticipantIn the short term, almost any currency other than USD. Longer term, the carry trade currencies: YEN and CHF. they will eventually unwind.
October 29, 2007 at 6:39 AM in reply to: North County coastal prices — will they ever decline? #92813ParticipantNo, they are not immune, you just need to adjust your timeframe by several years is all. Just rent, what’s the big deal about buying right now?
October 29, 2007 at 6:39 AM in reply to: North County coastal prices — will they ever decline? #92844ParticipantNo, they are not immune, you just need to adjust your timeframe by several years is all. Just rent, what’s the big deal about buying right now?
October 29, 2007 at 6:39 AM in reply to: North County coastal prices — will they ever decline? #92857ParticipantNo, they are not immune, you just need to adjust your timeframe by several years is all. Just rent, what’s the big deal about buying right now?
Participant“Bugs – this is part of the banking game – create a bubble in some asset class, profit on the expansion of that bubble, then when the bubble pops profit on the deflation – Goldman will get lots of business (and fees!) from anxious clients wanting to reduce their exposure to CA real estate”
This is the same game played back in ’99-2000 with equities. It’s taken the better part of a decade for me to begin to see the forest for the trees, but it is very clear to me now what has been going on.
In my opinion, the true origin of this was in October 1987, when I was only in my second year of High School at Lincoln-Way High in New Lenox, Il. It’s taken twenty years for this to come full circle but it is happening.
I think all of the true Piggs should really be discussing how to take advantage of this if possible. I think there will be opportunity for those who were prescient enough to see this coming. The key will be survival first and opportunity second, but I don’t think that it is impossible.
Participant“Bugs – this is part of the banking game – create a bubble in some asset class, profit on the expansion of that bubble, then when the bubble pops profit on the deflation – Goldman will get lots of business (and fees!) from anxious clients wanting to reduce their exposure to CA real estate”
This is the same game played back in ’99-2000 with equities. It’s taken the better part of a decade for me to begin to see the forest for the trees, but it is very clear to me now what has been going on.
In my opinion, the true origin of this was in October 1987, when I was only in my second year of High School at Lincoln-Way High in New Lenox, Il. It’s taken twenty years for this to come full circle but it is happening.
I think all of the true Piggs should really be discussing how to take advantage of this if possible. I think there will be opportunity for those who were prescient enough to see this coming. The key will be survival first and opportunity second, but I don’t think that it is impossible.
Participant“Bugs – this is part of the banking game – create a bubble in some asset class, profit on the expansion of that bubble, then when the bubble pops profit on the deflation – Goldman will get lots of business (and fees!) from anxious clients wanting to reduce their exposure to CA real estate”
This is the same game played back in ’99-2000 with equities. It’s taken the better part of a decade for me to begin to see the forest for the trees, but it is very clear to me now what has been going on.
In my opinion, the true origin of this was in October 1987, when I was only in my second year of High School at Lincoln-Way High in New Lenox, Il. It’s taken twenty years for this to come full circle but it is happening.
I think all of the true Piggs should really be discussing how to take advantage of this if possible. I think there will be opportunity for those who were prescient enough to see this coming. The key will be survival first and opportunity second, but I don’t think that it is impossible.
October 26, 2007 at 12:59 PM in reply to: 4 closure Ranch errr scratch that “Fire proof” Ranch = new nickname for 4S Ranch #92188Participant“…you are praying values continue to drop)…”
Praying??? No, no, I’m observing them drop in real time. Including 4S.
I might well consider 4S in the future when I buy for much less than it is now (and it will be). As far as jealous and bitter goes, that is truly insulting. You see, we have had to endure trolls for two years now and that leads to a heightened sense of skepitiscm with posts such as yours.
Here’s a tip, if you want to make a point here, then don’t use the JBR label….you might get more people to take you seriously.
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