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kewp
ParticipantAccording to the wikipedia article on San Diego county, the mean household income is $47,016.
Think about that a moment. Suddenly I feel rich!
Something else to consider, do you think someone that has spent a few years pinching pennies to save up a nice cash bundle will just toss it away on an obviously overpriced asset? This housing bubble was all result of irresponsible people spending *other* peoples money. Not their own!
ParticipantIt’s been leaking air for awhile now.
Given that its been blowing since 1997, don’t expect it to pop like a soap bubble.
Something to note is that list prices mean nothing, its sales that count. I can offer apples for $50 each, doesn’t mean much if nobody will buy them.
The rest of this year should be interesting, once the MSM exposes all the RE fraud going on be prepared for a wild ride!
ParticipantIt’s been leaking air for awhile now.
Given that its been blowing since 1997, don’t expect it to pop like a soap bubble.
Something to note is that list prices mean nothing, its sales that count. I can offer apples for $50 each, doesn’t mean much if nobody will buy them.
The rest of this year should be interesting, once the MSM exposes all the RE fraud going on be prepared for a wild ride!
ParticipantRon Paul is rad.
I think its simply amazing that he’s the *only* Republican candidate willing to speak out about how our foreign police *incites*, not fights terrorism. And is routinely shouted down as a result.
ParticipantRon Paul is rad.
I think its simply amazing that he’s the *only* Republican candidate willing to speak out about how our foreign police *incites*, not fights terrorism. And is routinely shouted down as a result.
ParticipantA couple comments…
One, its *very* easy for someone, even with a good career and spending habits, to have savings wiped out due to a significant life event. For me, it was a few bouts of employment. My brother, it was some legal trouble.
Two, as everyone here may have noticed by now, RE prices have been outpacing salary growth by leaps and bounds in SoCal. I’m a great example, I only make a few K more annually then I did when I moved here in ’99. So there is the perception that one is ‘priced out forever’, so why bother saving.
As an aside, I think the flat this has led to something a friend noticed in SoCal, he referred to it as a land of ‘perpetual adolescence’. I know many people in their 30’s that are single, renters and spend a good portion of their income in the bars/clubs of Southern California.
ParticipantA couple comments…
One, its *very* easy for someone, even with a good career and spending habits, to have savings wiped out due to a significant life event. For me, it was a few bouts of employment. My brother, it was some legal trouble.
Two, as everyone here may have noticed by now, RE prices have been outpacing salary growth by leaps and bounds in SoCal. I’m a great example, I only make a few K more annually then I did when I moved here in ’99. So there is the perception that one is ‘priced out forever’, so why bother saving.
As an aside, I think the flat this has led to something a friend noticed in SoCal, he referred to it as a land of ‘perpetual adolescence’. I know many people in their 30’s that are single, renters and spend a good portion of their income in the bars/clubs of Southern California.
ParticipantYou know what they say, orange skies at night, flippers take flight!
ParticipantYou know what they say, orange skies at night, flippers take flight!
ParticipantI dunno.
What worries me is all the financial advice I’ve seen recently about ‘put X amount in index funds at 20 and retire at 40’ floating about. I.e., the amount of *certainty* that that there is a magic free money machine that will guarantee future riches with little to no risk.
Face it, all investments are a zero-sum game (ponzi scheme really) and given the dim prospects for the current generation (poor job market, flat wages and tighter lending standards) I think the market may just be burning out the last of the ‘greater fools’.
ParticipantI dunno.
What worries me is all the financial advice I’ve seen recently about ‘put X amount in index funds at 20 and retire at 40’ floating about. I.e., the amount of *certainty* that that there is a magic free money machine that will guarantee future riches with little to no risk.
Face it, all investments are a zero-sum game (ponzi scheme really) and given the dim prospects for the current generation (poor job market, flat wages and tighter lending standards) I think the market may just be burning out the last of the ‘greater fools’.
ParticipantI think Thornberg is in a bit of a bubble himself.
Meaning, that his predictions hinge on declining housing prices having no impact on the SD economy.
ParticipantI think Thornberg is in a bit of a bubble himself.
Meaning, that his predictions hinge on declining housing prices having no impact on the SD economy.
ParticipantChina has more honor students than we have students
US population == 301,924,790
China’s population == 1,319,175,330
(courtesy of population clocks)
Having an additional billion people sure helps matters!
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