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JWM in SD
ParticipantJWM in SD
“The most rational solution to our national problem now is a dose of robust and sustained inflation so that our debts, public and private, become lower in real value. This will also make our products and factors of production internationally competitive. Just ask yourself – how many of you will buy a Honda or Toyota when it costs $50K, $100K …. How many will buy a BMW or MB when it costs 100K, 200K ….”
This is so f**king stupid it is beyond on belief. How many times do I have to explain this people? Inflation is increase in money supply not prices. In order for it to make a difference, it must make its way into your wages or it will not help sustain inflated asset prices. that is why every credit bubble in history ends up in deflation because the debt grows beyond the ability to be serviced.
Get your head out of your ass Bsharma…the Fed and the Govt can’t save your SD house anymore. Deflation psychology has set in.
ParticipantJWM in SD
“The most rational solution to our national problem now is a dose of robust and sustained inflation so that our debts, public and private, become lower in real value. This will also make our products and factors of production internationally competitive. Just ask yourself – how many of you will buy a Honda or Toyota when it costs $50K, $100K …. How many will buy a BMW or MB when it costs 100K, 200K ….”
This is so f**king stupid it is beyond on belief. How many times do I have to explain this people? Inflation is increase in money supply not prices. In order for it to make a difference, it must make its way into your wages or it will not help sustain inflated asset prices. that is why every credit bubble in history ends up in deflation because the debt grows beyond the ability to be serviced.
Get your head out of your ass Bsharma…the Fed and the Govt can’t save your SD house anymore. Deflation psychology has set in.
ParticipantJWM in SD
“The most rational solution to our national problem now is a dose of robust and sustained inflation so that our debts, public and private, become lower in real value. This will also make our products and factors of production internationally competitive. Just ask yourself – how many of you will buy a Honda or Toyota when it costs $50K, $100K …. How many will buy a BMW or MB when it costs 100K, 200K ….”
This is so f**king stupid it is beyond on belief. How many times do I have to explain this people? Inflation is increase in money supply not prices. In order for it to make a difference, it must make its way into your wages or it will not help sustain inflated asset prices. that is why every credit bubble in history ends up in deflation because the debt grows beyond the ability to be serviced.
Get your head out of your ass Bsharma…the Fed and the Govt can’t save your SD house anymore. Deflation psychology has set in.
ParticipantJWM in SD
“The most rational solution to our national problem now is a dose of robust and sustained inflation so that our debts, public and private, become lower in real value. This will also make our products and factors of production internationally competitive. Just ask yourself – how many of you will buy a Honda or Toyota when it costs $50K, $100K …. How many will buy a BMW or MB when it costs 100K, 200K ….”
This is so f**king stupid it is beyond on belief. How many times do I have to explain this people? Inflation is increase in money supply not prices. In order for it to make a difference, it must make its way into your wages or it will not help sustain inflated asset prices. that is why every credit bubble in history ends up in deflation because the debt grows beyond the ability to be serviced.
Get your head out of your ass Bsharma…the Fed and the Govt can’t save your SD house anymore. Deflation psychology has set in.
February 1, 2008 at 1:36 PM in reply to: I predict the rate cuts will lead to more inventory #146682ParticipantJWM in SD
Oh yeah, and another thing about San Diegans thinking it’s a great time to buy. Over a year ago, I told all of you that once the MSM get’s hold of this story and SD in particular, they are going to tear into like a mad pit bull. Let’s see, 60 minutes (check), WSJ (check), CNBC (check), FBI (check). Why just this past week someone decided to sue their carlsbad realtor because they didn’t have the buyers best interest in mind…gee, I though SD was this idyllic place in SoCal where no one ever gets ripped off???
Now check this out:
http://www.bubbleinfo.com/journal/2008/2/1/jenae-peckhams-story.htmlWait until this story really hits the MSM right between eyes. When the average San Diegan begins to realize that their entire housing market has been one big fraudulent ponzi scheme for the past several years, you better believe that they are going to go in search of the remaining greater fools still left out there.
Watch and Learn………
February 1, 2008 at 1:36 PM in reply to: I predict the rate cuts will lead to more inventory #146926ParticipantJWM in SD
Oh yeah, and another thing about San Diegans thinking it’s a great time to buy. Over a year ago, I told all of you that once the MSM get’s hold of this story and SD in particular, they are going to tear into like a mad pit bull. Let’s see, 60 minutes (check), WSJ (check), CNBC (check), FBI (check). Why just this past week someone decided to sue their carlsbad realtor because they didn’t have the buyers best interest in mind…gee, I though SD was this idyllic place in SoCal where no one ever gets ripped off???
Now check this out:
http://www.bubbleinfo.com/journal/2008/2/1/jenae-peckhams-story.htmlWait until this story really hits the MSM right between eyes. When the average San Diegan begins to realize that their entire housing market has been one big fraudulent ponzi scheme for the past several years, you better believe that they are going to go in search of the remaining greater fools still left out there.
Watch and Learn………
February 1, 2008 at 1:36 PM in reply to: I predict the rate cuts will lead to more inventory #146953ParticipantJWM in SD
Oh yeah, and another thing about San Diegans thinking it’s a great time to buy. Over a year ago, I told all of you that once the MSM get’s hold of this story and SD in particular, they are going to tear into like a mad pit bull. Let’s see, 60 minutes (check), WSJ (check), CNBC (check), FBI (check). Why just this past week someone decided to sue their carlsbad realtor because they didn’t have the buyers best interest in mind…gee, I though SD was this idyllic place in SoCal where no one ever gets ripped off???
Now check this out:
http://www.bubbleinfo.com/journal/2008/2/1/jenae-peckhams-story.htmlWait until this story really hits the MSM right between eyes. When the average San Diegan begins to realize that their entire housing market has been one big fraudulent ponzi scheme for the past several years, you better believe that they are going to go in search of the remaining greater fools still left out there.
Watch and Learn………
February 1, 2008 at 1:36 PM in reply to: I predict the rate cuts will lead to more inventory #146964ParticipantJWM in SD
Oh yeah, and another thing about San Diegans thinking it’s a great time to buy. Over a year ago, I told all of you that once the MSM get’s hold of this story and SD in particular, they are going to tear into like a mad pit bull. Let’s see, 60 minutes (check), WSJ (check), CNBC (check), FBI (check). Why just this past week someone decided to sue their carlsbad realtor because they didn’t have the buyers best interest in mind…gee, I though SD was this idyllic place in SoCal where no one ever gets ripped off???
Now check this out:
http://www.bubbleinfo.com/journal/2008/2/1/jenae-peckhams-story.htmlWait until this story really hits the MSM right between eyes. When the average San Diegan begins to realize that their entire housing market has been one big fraudulent ponzi scheme for the past several years, you better believe that they are going to go in search of the remaining greater fools still left out there.
Watch and Learn………
February 1, 2008 at 1:36 PM in reply to: I predict the rate cuts will lead to more inventory #147025ParticipantJWM in SD
Oh yeah, and another thing about San Diegans thinking it’s a great time to buy. Over a year ago, I told all of you that once the MSM get’s hold of this story and SD in particular, they are going to tear into like a mad pit bull. Let’s see, 60 minutes (check), WSJ (check), CNBC (check), FBI (check). Why just this past week someone decided to sue their carlsbad realtor because they didn’t have the buyers best interest in mind…gee, I though SD was this idyllic place in SoCal where no one ever gets ripped off???
Now check this out:
http://www.bubbleinfo.com/journal/2008/2/1/jenae-peckhams-story.htmlWait until this story really hits the MSM right between eyes. When the average San Diegan begins to realize that their entire housing market has been one big fraudulent ponzi scheme for the past several years, you better believe that they are going to go in search of the remaining greater fools still left out there.
Watch and Learn………
February 1, 2008 at 1:22 PM in reply to: I predict the rate cuts will lead to more inventory #146672ParticipantJWM in SD
“The average San Diegan still thinks housing is a great investment, and a market that has dropped 15% in the last year combined with near record-low interest rates (particularly when the jumbos go conforming) is going to be too much to pass up.”
Well, I will admit that at times I am surprised at who still doesn’t understand what is going on. However, I have noticed a marked shift in people’s attitudes towards SoCal RE. I would dare say that the 60 minutes program may have put the nail in the coffin.
Like I said, unless the price to income ratio changes through wage inflation, the debt is not serviceable, so more and more people will realize that it doesn’t matter how many times they refi it, they will still have to pay the debt.
February 1, 2008 at 1:22 PM in reply to: I predict the rate cuts will lead to more inventory #146916ParticipantJWM in SD
“The average San Diegan still thinks housing is a great investment, and a market that has dropped 15% in the last year combined with near record-low interest rates (particularly when the jumbos go conforming) is going to be too much to pass up.”
Well, I will admit that at times I am surprised at who still doesn’t understand what is going on. However, I have noticed a marked shift in people’s attitudes towards SoCal RE. I would dare say that the 60 minutes program may have put the nail in the coffin.
Like I said, unless the price to income ratio changes through wage inflation, the debt is not serviceable, so more and more people will realize that it doesn’t matter how many times they refi it, they will still have to pay the debt.
February 1, 2008 at 1:22 PM in reply to: I predict the rate cuts will lead to more inventory #146943ParticipantJWM in SD
“The average San Diegan still thinks housing is a great investment, and a market that has dropped 15% in the last year combined with near record-low interest rates (particularly when the jumbos go conforming) is going to be too much to pass up.”
Well, I will admit that at times I am surprised at who still doesn’t understand what is going on. However, I have noticed a marked shift in people’s attitudes towards SoCal RE. I would dare say that the 60 minutes program may have put the nail in the coffin.
Like I said, unless the price to income ratio changes through wage inflation, the debt is not serviceable, so more and more people will realize that it doesn’t matter how many times they refi it, they will still have to pay the debt.
February 1, 2008 at 1:22 PM in reply to: I predict the rate cuts will lead to more inventory #146954ParticipantJWM in SD
“The average San Diegan still thinks housing is a great investment, and a market that has dropped 15% in the last year combined with near record-low interest rates (particularly when the jumbos go conforming) is going to be too much to pass up.”
Well, I will admit that at times I am surprised at who still doesn’t understand what is going on. However, I have noticed a marked shift in people’s attitudes towards SoCal RE. I would dare say that the 60 minutes program may have put the nail in the coffin.
Like I said, unless the price to income ratio changes through wage inflation, the debt is not serviceable, so more and more people will realize that it doesn’t matter how many times they refi it, they will still have to pay the debt.
February 1, 2008 at 1:22 PM in reply to: I predict the rate cuts will lead to more inventory #147015ParticipantJWM in SD
“The average San Diegan still thinks housing is a great investment, and a market that has dropped 15% in the last year combined with near record-low interest rates (particularly when the jumbos go conforming) is going to be too much to pass up.”
Well, I will admit that at times I am surprised at who still doesn’t understand what is going on. However, I have noticed a marked shift in people’s attitudes towards SoCal RE. I would dare say that the 60 minutes program may have put the nail in the coffin.
Like I said, unless the price to income ratio changes through wage inflation, the debt is not serviceable, so more and more people will realize that it doesn’t matter how many times they refi it, they will still have to pay the debt.
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