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JWM in SD
ParticipantAgreed, this article is HIGHLY SUSPECT in terms of timing. Unfortunately, I will guarantee you that this article will be used by unscrupulous Realtors to scare sheeple buyers into becoming debt slaves.
ParticipantAgreed, this article is HIGHLY SUSPECT in terms of timing. Unfortunately, I will guarantee you that this article will be used by unscrupulous Realtors to scare sheeple buyers into becoming debt slaves.
ParticipantFSD: You’re assuming that they would actually buy in these foreign locales. If one is wealthy enough to be that mobile, then why buy anything?? Least of all a tract home in SD. Just decide where it is you want to live at by season each year and lease accordingly.
Second of all, if only the uber wealthy can afford the SD tract homes, then the prices will rise to the affordablilty level of that strata of society. Then it won’t matter if it’s LaJolla, or Buenos Aires or Australia.
In order for this scenario to work, a disprportionate % of the ultra wealthy would have to want to live in SD as opposed to somewhere else in the world. Are they going to want to buy a tract home off the 56??? Really??
ParticipantFSD: You’re assuming that they would actually buy in these foreign locales. If one is wealthy enough to be that mobile, then why buy anything?? Least of all a tract home in SD. Just decide where it is you want to live at by season each year and lease accordingly.
Second of all, if only the uber wealthy can afford the SD tract homes, then the prices will rise to the affordablilty level of that strata of society. Then it won’t matter if it’s LaJolla, or Buenos Aires or Australia.
In order for this scenario to work, a disprportionate % of the ultra wealthy would have to want to live in SD as opposed to somewhere else in the world. Are they going to want to buy a tract home off the 56??? Really??
ParticipantI guess all the Armenians in Glendale are an exception Perry?? I don’t know honestly. Anyone here know why there are so many Armenians in Glendale???
ParticipantI guess all the Armenians in Glendale are an exception Perry?? I don’t know honestly. Anyone here know why there are so many Armenians in Glendale???
ParticipantWorse than that LA Renter, his assertions are basically a derivative of “It’s different here in SoCal” argument that has long since been shot down here and other bubble blogs.
In my opinion, PR jumped the shark with this post and exposed himself for what he realy is. A bull in bears clothing.
I ain’t having any of it.
ParticipantWorse than that LA Renter, his assertions are basically a derivative of “It’s different here in SoCal” argument that has long since been shot down here and other bubble blogs.
In my opinion, PR jumped the shark with this post and exposed himself for what he realy is. A bull in bears clothing.
I ain’t having any of it.
ParticipantLike I said in response to you in the other thread. Until your posts are based in some sort of fundamental reality, then I will not bother to respond to them anymore.
You might have fooled some other people here, but you don’t fool me.
ParticipantLike I said in response to you in the other thread. Until your posts are based in some sort of fundamental reality, then I will not bother to respond to them anymore.
You might have fooled some other people here, but you don’t fool me.
ParticipantI’m sorry PR, but my patience for your posts is running pretty thin right now. All of your little schemes seem to center around shifting principal to out years and other taxpayers. In my opinion, that ignores certain fundamental issues. One is pure affordability. At 10 times income in SoCal, how is that sustainable unless there is wage inflation? Second, the boomers are retiring and they are a much bigger population base than GenX and GenY combined. You are talking about taxing a smaller population even more and expecting them to pay ten times income for housing??? Unless you are advocating inter-generational loans, which was attempted in Japan and didn’t help, then I don’t how your ideas could work.
I know you claim to be playing devil’s advocate here, but the nature of your posts indicate otherwise. Good Luck, I won’t be responding to your posts anymore until you begin to acknowledge some sort of fundamental reality in them.
ParticipantI’m sorry PR, but my patience for your posts is running pretty thin right now. All of your little schemes seem to center around shifting principal to out years and other taxpayers. In my opinion, that ignores certain fundamental issues. One is pure affordability. At 10 times income in SoCal, how is that sustainable unless there is wage inflation? Second, the boomers are retiring and they are a much bigger population base than GenX and GenY combined. You are talking about taxing a smaller population even more and expecting them to pay ten times income for housing??? Unless you are advocating inter-generational loans, which was attempted in Japan and didn’t help, then I don’t how your ideas could work.
I know you claim to be playing devil’s advocate here, but the nature of your posts indicate otherwise. Good Luck, I won’t be responding to your posts anymore until you begin to acknowledge some sort of fundamental reality in them.
Participantbut the flipper still needs to find a greater who still has to get a regular loan.
Participantbut the flipper still needs to find a greater who still has to get a regular loan.
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