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kewp
ParticipantWell, the thing is, we really don’t *have* to be so indebted to the Chinese in the first place! The only reason we are in as deep as we are is that the current administration is cutting taxes for the super-rich while simultaneously funding a hideously expensive war.
Once the Dem’s are in total control the budget will get balanced.
ParticipantI think expecting anything to swoop in and save this market is wishful thinking at this point. Maybe at the high end there will be an early bottom due to rich overseas investors, but does anyone think they are going to be buying McMansion’s in Temecula, Cruftmans in NP or shacks is Chula?
I do wonder if the downtown condo market will get snatched up as vacation homes/rentals for foreigners when the bottom falls out, though.
ParticipantI think expecting anything to swoop in and save this market is wishful thinking at this point. Maybe at the high end there will be an early bottom due to rich overseas investors, but does anyone think they are going to be buying McMansion’s in Temecula, Cruftmans in NP or shacks is Chula?
I do wonder if the downtown condo market will get snatched up as vacation homes/rentals for foreigners when the bottom falls out, though.
ParticipantSorry guys things are definately going to devalue but not to the extent where everyone can afford a house. This is still San Diego and if homes get to pricing like $144k for this, I’ll be buying them by the boatload.
Well, things are different this time. There is a glut of inventory from overbuilding and RE/retail dominate the employment numbers. A housing crash plus recession is going to dry up whatever pool of potential renters are left.
Assuming the market really starts tanking hard I can see rentals becoming a hotter commodity, as more folks would consider moving to SD, renting for a year then buying at the bottom.
ParticipantSorry guys things are definately going to devalue but not to the extent where everyone can afford a house. This is still San Diego and if homes get to pricing like $144k for this, I’ll be buying them by the boatload.
Well, things are different this time. There is a glut of inventory from overbuilding and RE/retail dominate the employment numbers. A housing crash plus recession is going to dry up whatever pool of potential renters are left.
Assuming the market really starts tanking hard I can see rentals becoming a hotter commodity, as more folks would consider moving to SD, renting for a year then buying at the bottom.
ParticipantMy anecdotal take is that actual selling prices have come down 10% – 20% from the very peak but houses are getting snatched up very quickly if they are at these prices.
Maybe at the high end. I’ve said it before, rich folks with tons of equity will buy into something they know is overpriced, if they want it.
Must be nice to have options like that!
ParticipantMy anecdotal take is that actual selling prices have come down 10% – 20% from the very peak but houses are getting snatched up very quickly if they are at these prices.
Maybe at the high end. I’ve said it before, rich folks with tons of equity will buy into something they know is overpriced, if they want it.
Must be nice to have options like that!
ParticipantFunny, for the past couple years I’ve been going to Costco about every two weeks. Even though I go during the day, I’ve noticed that recently the place seems much less crowded. I rarely find a line with more than one person in it.
My two cents (and really, don’t feed the trolls!)
ParticipantFunny, for the past couple years I’ve been going to Costco about every two weeks. Even though I go during the day, I’ve noticed that recently the place seems much less crowded. I rarely find a line with more than one person in it.
My two cents (and really, don’t feed the trolls!)
ParticipantOh GMAFB. Why don’t they give the guy a turban and have him holding one of those fizzing cartoon bombs while they are at it?
Read the 9/11 report. Read OSB’s own words. Read anything except this crappy propaganda.
I have no love for Islam (or any religion for that matter), but given our track record in the Middle East I can’t see how anyone would be surprised at their response.
ParticipantOh GMAFB. Why don’t they give the guy a turban and have him holding one of those fizzing cartoon bombs while they are at it?
Read the 9/11 report. Read OSB’s own words. Read anything except this crappy propaganda.
I have no love for Islam (or any religion for that matter), but given our track record in the Middle East I can’t see how anyone would be surprised at their response.
ParticipantIs it to prove yourself correct, or do you just want to see people suffering?
You mean people, like the legions of obese Americans, driving their SUV’s to WalMart and loading up on cheap Chinese crap? Paid for with a credit card?
What a tragedy. Won’t someone think of the children?
America needs to go on a diet. A *big* one.
ParticipantIs it to prove yourself correct, or do you just want to see people suffering?
You mean people, like the legions of obese Americans, driving their SUV’s to WalMart and loading up on cheap Chinese crap? Paid for with a credit card?
What a tragedy. Won’t someone think of the children?
America needs to go on a diet. A *big* one.
ParticipantI’m starting to see this in my environment (UC system) as well. My group is getting an equity increase shortly (after a few years of essentially flat salaries) and there is a rumour that there will be a system-wide salary bump with my job class to keep us competitive against the private sector.
My take is everything trends and for the last couple years especially there has been a ‘f!ck the employee’ mentality amongst big employers. Cut salaries, raises, benefits, outsource, lay people off, etc. Basically cost cutting instead of growing business.
This policy is starting to cause some blowback, as the smart folks realize they have to change jobs to make more money/benefits. This results in a brain drain, as well as accumulating lots of dead wood in their place. Hardly a recipe for success. Places like Google, on the other hand, realize that top employees are literally worth their weight in gold and are doing everything they can to attract and retain them. This has worked well for them, if you check out their stock price. Their competitors are starting to take note as well.
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