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kewp
ParticipantGreat article!
Nice demonstration of why this process is so slow-moving; folks are so emotionally involved in their homes they are clutching onto them until the last minute.
Participant“I read an article recently that says only 1 out of 9 Americans believe housing is a bad investment right now.”
What a great metric! I’ll buy when it’s 8 out of 9.
May 3, 2007 at 7:58 AM in reply to: “Those who say the prices are going to go down 50 percent are just yahoos who are not looking at the whole picture,” #51684ParticipantDear lord, can you imagine the consequences if RE dropped 70% in San Diego County?
School teachers and firefighters being able to afford entry-level housing? And, god forbid, HAVE ENOUGH MONEY LEFT OVER TO RAISE A FAMILY?
For shame, people.
ParticipantI can see good arguments on both sides of the fence.
On the upside, indeed I’ve seen lots of boomers with fat 401k’s, paid off homes and expiring parents doing fabulously. My parents are a perfect example (despite the emotional pain of losing our beloved grandmother). Other than getting partially screwed by the Lucent pension rip-off, they are getting along fine. Getting a few hundred thou from the recent estate sale is a nice bonus.
The downside is there are lots and lots of boomers that have been forced into early retirement, seen their pensions evaporate and are counting on their home equity & 401k to bail them out. Once these start losing value at the same time (RE is already leading the way) I can easily foresee an avalanche of panic selling.
April 27, 2007 at 10:31 AM in reply to: Tech is BACK!….Housing downfall might be limited in San Diego afterall. #51284Participant“Funny you should mention this. Google pretty much lets you work anywhere provided they want you. There’s also an office in orange county. 4 of my buddies live here and work from home here.”
Bastards! The told me I would have to relocate!
ParticipantHar, the guys name is Bernard Ber!
I wonder if he lives in a tree and eats honey?
ParticipantYes, its sad that with all the focus on the ‘war on terror’, America’s real enemies are simply patiently manipulating us into financial Armageddon.
April 26, 2007 at 11:02 AM in reply to: Tech is BACK!….Housing downfall might be limited in San Diego afterall. #51214ParticipantHey, once I cash out the options from my gig at Google San Diego, I’ll buy a sweet pad in the ghetto for a half-mil. So will my other 10k co-workers. No housing crash here!
What a bunch of bull!
ParticipantI’m beginning to think that the only thing that will stop this is when folks have to start cashing out their 401k’s en masse’ to pay for skyrocketing basic commodities.
ParticipantDo the bulls really think that pricing out 99% of new home buyers within the next decade is a good business plan?
Cause that’s what they are advocating!
ParticipantA year from now this joker won’t even be able to get a $500 credit card.
April 13, 2007 at 1:05 PM in reply to: Surprisingly good article on money.cnn.com on the bialout debacle #50053ParticipantAt this rate I fully expect China to own all of the United States within ten years.
ParticipantI wonder how many posters here that are howling for FB blood have 401k’s loaded w/MBS’?
A point to ponder!
ParticipantHeh.
I was arguing with a friend about the housing bubble (he’s a recent buyer), whom claimed that it was just the foreign money that was going to get wiped out. He said all the ‘white people’ were too smart to fall for the suicide loans.
Opinions are like @$$holes, after all, I guess.
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