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kev374
Participantso bearishgurl, what makes you think that inventory is going to stay low forever? What makes you think that historical affordability is not going to return? Why do you think that if one does not buy now they will never ever have another opportunity?
Personally I think the whole market is severely overpriced, I’m talking about LA/OC here. When sub-par neighborhoods in Orange County comprised largely of blue collar workers are listing 1500sqft homes for half a million dollars it does not take a rocket scientist to realize that this is a bubble.
And why shouldn’t people be picky? Being picky is the right thing to do when you are making a 30 year commitment and the biggest financial purchase of your life.
Being “less picky” and “lowering standards” is the same exact thing btw.
So, in your last paragraph you reveal the source of the bias in your response. You are a seller and/or a future landlord. I wouldn’t be so sure of rental potential or even sales potential if I were you. These things are cyclical and just because it’s a sellers market today does not mean that next year it would be the same as history has taught us time and time again!!
Participantso why the frenzied behavior, do investors think that the environment driving prices up (reduced inventory and ultra low interest rates) will remain so for the distant future? Or are they looking at holding for a bit and dumping before things turn south?
April 4, 2013 at 9:51 AM in reply to: Obama administration pushes banks to make home loans to people with weaker credit #761013ParticipantHmm… didn’t we just go through all of this? Well, I guess HISTORY DOES REPEAT ITSELF!!!
ParticipantThis sounds EXACTLY like a Ponzi scheme reminiscent of the last big bubble and crash. In the last bubble the actors were average Joe’s, in this bubble the actors are investors. In either case there will be a spectacular crash in 2-3 years. Will the taxpayers be picking up the pieces? Who knows.
Participantwhen I look at salary listings for the same class of job I see they are in the $110-115k range and employers seem absolutely refusing to budge from the $115k mark. That’s about $15k (13%) lower than salary.com data.
ParticipantThanks. I have all the money in a MM fund right now and have not made any investments. If I close down the rollover IRA and do a custodian to custodian transfer to Vanguard that may be a prudent choice don’t you think? Vanguard seems to have a better reputation than Fidelity in terms of performance and cost.
January 1, 2013 at 5:34 PM in reply to: debt forgiveness on primary residence extended to 2014….. #757049ParticipantLOL, in 2014 it will be extended to 2015 and in 2015 to 2016 so basically this act is as good as permanent! And of course all the other breaks will be extended as well since no Democrat wants to cancel anything regardless of what it is doing to our budget debt and deficit.
We have 16 trillion in debt and growing rapidly…pfft, who cares about that!
Participantwell, since the Obama administration has no qualms about printing as much money is required, money will be printed to make the FHA whole and continue their practices ad-infinitum.
And since the American public are onboard with the money printing (they re-elected the fellow after all!) why is this even an issue?
ParticipantA point to note is that if you are going on vacation somewhere you may consider getting a cleaning done there….I had my cleaning done in Quito, Ecuador for $40 and I honestly can say that the dentist was far better equipped and knowledgeable than any dentist I have gone to in the USA. He even measured my gums with lasers and I have never even seen such an instrument over here in the US.
Time to outsource some of your medical expenses too.
Participantjust mounted some BF Goodrich Long trail T/A 225 50R17s 60,000 mile tires on my truck, at Americas Tire co. they were $540 for the set of 4 out the door installed. I thought that was a good deal.
I did get quotes for worse tires from others as high as $700, shop around!!
June 1, 2012 at 11:05 AM in reply to: How are people dumber than us going to make out with their 401(k)s? #744752ParticipantI plan to retire outside the United States. I don’t think retiring in the US is possible anymore given the unstable nature of the job market and deflation in wages and high inflation making saving enough for retirement just a fantasy.
Take the typical student graduating today with $50,000 or more of student loan debt and faced with buying entry level homes for $350,000 and up… between paying student loans, saving up for emergencies, paying for kids, skyrocketing health care costs, skyrocketing gas and commodity prices, dealing with unexpected emergency expenses, dealing with unexpected layoffs where exactly are they going to get the money to ALSO save the $2 or 3 million it will take to live the 30 years of retirement?
One extended layoff and everything will be wiped clean and then they start over? How many times will they start over?? It’s a vicious circle…
And, this generation cannot count on Social Security at all! And who knows what will happen to Medicare, that may not exist too!
The problem with the previous generation is that they preach everything, the fact is that they have just been RIDICULOUSLY lucky to have SOLID jobs with pensions, low costs of living throughout their earning lifetime, a super stable job market relatively speaking, low cost for housing and all entitlements intact – SS, Medicare etc. That is not the situation for the current generation.
Participant@poorgradstudent, when I referred to carbs I was mainly focusing on refined carbs such as white bread, white rice and corn flour. Yes, you are right that complex carbs take more energy to break down but by contrast we consume a much larger quantity and also more frequently than an equivalent portion of fruits and vegetables.
In small portions nothing is that detrimental but have you seen an American portion size lately? LOL!
The French Paradox highlights this phenomenon actually – the French diet is what would be considered unhealthy but their portion sizes are highly regulated.
Actually I have seen people drinking 2 glasses of Orange Juice quite frequently – they get 1 glass and then go for refills.
ParticipantFruit juices do the same damage as sodas… in a fruit the sugar is not easily absorbed by the body due to the fiber, it is nature’s way of regulation and preventing damage to the body, a fruit juice has this balance destroyed and only the sugar squeezed out of the fruit causes blood glucose to skyrocket just like sodas would.
How many people have you seen drink an entire glass of Orange juice for breakfast and they are thinking this is actually HEALTHY! while infact they are pouring sugar down their throats and destroying their body.
The public health crisis is also caused due to lack of education. When most people think of sugar they think of sucrose – white table sugar.
They do not know that sugars include all starches rice, wheat, corn etc. (complex carbs). A starch is nothing but a chain of sugar (glucose) molecules. That means white rice, white bread etc. is JUST AS damaging as a can of soda – why not ban those as well?
I think education and personal responsibility is the key, not banning stuff.. people will find a way to drink it anyway.
ParticipantJust a quick question… is $75/hr W2 6 month “contract” for a Sr. Java Engineer (15 years exp.) under, over or average?
A year ago I had asked for $70/hr and my recruiter said $65/hr was about as far as the market will bear right now…I had to pull some strings in the company (I had worked there earlier for a few years and they wanted me) to get the rate I had asked for but not without a lot of negotiation drama.
In 2007 I was making $70/hr as a contractor and it upsets me that in 2012 I am making the same while salaries have increased at the 3% rate (at least in the company I work at) and cost of living has VERY sharply increased.
Opinions?
BTW, I am a US citizen!
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