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LA_Renter
ParticipantIMO this thread of anecdotes is ridiculous. Remember “in God we trust, everybody else bring data”
ParticipantIMO this thread of anecdotes is ridiculous. Remember “in God we trust, everybody else bring data”
ParticipantIMO this thread of anecdotes is ridiculous. Remember “in God we trust, everybody else bring data”
ParticipantIMO this thread of anecdotes is ridiculous. Remember “in God we trust, everybody else bring data”
ParticipantHere is a LA Times article making the opposite argument. This is the state of California and not S D specific.
http://www.latimes.com/business/la-fi-leaving-california18-2008dec18,0,5838.story
“For the fourth year in a row, more residents left the Golden State than moved here from other states, according to a report released Wednesday by the California Department of Finance.
The outflow — last seen during the economic and social struggles of the 1990s — started when it became too expensive for most people to buy homes in the state, and has kept going throughout the bust with the loss of so many jobs.
The trend underscores the state’s sour economy as layoffs continue, the fiscal strain on government grows and home values continue to decline.”
IMO California will always rebound. It is the poster child of boom bust cycles. I’m a little leary on the current turn around in SD though. People need jobs to move here and I don’t think we have seen the worst yet on that front, in fact I am certain of it.
ParticipantHere is a LA Times article making the opposite argument. This is the state of California and not S D specific.
http://www.latimes.com/business/la-fi-leaving-california18-2008dec18,0,5838.story
“For the fourth year in a row, more residents left the Golden State than moved here from other states, according to a report released Wednesday by the California Department of Finance.
The outflow — last seen during the economic and social struggles of the 1990s — started when it became too expensive for most people to buy homes in the state, and has kept going throughout the bust with the loss of so many jobs.
The trend underscores the state’s sour economy as layoffs continue, the fiscal strain on government grows and home values continue to decline.”
IMO California will always rebound. It is the poster child of boom bust cycles. I’m a little leary on the current turn around in SD though. People need jobs to move here and I don’t think we have seen the worst yet on that front, in fact I am certain of it.
ParticipantHere is a LA Times article making the opposite argument. This is the state of California and not S D specific.
http://www.latimes.com/business/la-fi-leaving-california18-2008dec18,0,5838.story
“For the fourth year in a row, more residents left the Golden State than moved here from other states, according to a report released Wednesday by the California Department of Finance.
The outflow — last seen during the economic and social struggles of the 1990s — started when it became too expensive for most people to buy homes in the state, and has kept going throughout the bust with the loss of so many jobs.
The trend underscores the state’s sour economy as layoffs continue, the fiscal strain on government grows and home values continue to decline.”
IMO California will always rebound. It is the poster child of boom bust cycles. I’m a little leary on the current turn around in SD though. People need jobs to move here and I don’t think we have seen the worst yet on that front, in fact I am certain of it.
ParticipantHere is a LA Times article making the opposite argument. This is the state of California and not S D specific.
http://www.latimes.com/business/la-fi-leaving-california18-2008dec18,0,5838.story
“For the fourth year in a row, more residents left the Golden State than moved here from other states, according to a report released Wednesday by the California Department of Finance.
The outflow — last seen during the economic and social struggles of the 1990s — started when it became too expensive for most people to buy homes in the state, and has kept going throughout the bust with the loss of so many jobs.
The trend underscores the state’s sour economy as layoffs continue, the fiscal strain on government grows and home values continue to decline.”
IMO California will always rebound. It is the poster child of boom bust cycles. I’m a little leary on the current turn around in SD though. People need jobs to move here and I don’t think we have seen the worst yet on that front, in fact I am certain of it.
ParticipantHere is a LA Times article making the opposite argument. This is the state of California and not S D specific.
http://www.latimes.com/business/la-fi-leaving-california18-2008dec18,0,5838.story
“For the fourth year in a row, more residents left the Golden State than moved here from other states, according to a report released Wednesday by the California Department of Finance.
The outflow — last seen during the economic and social struggles of the 1990s — started when it became too expensive for most people to buy homes in the state, and has kept going throughout the bust with the loss of so many jobs.
The trend underscores the state’s sour economy as layoffs continue, the fiscal strain on government grows and home values continue to decline.”
IMO California will always rebound. It is the poster child of boom bust cycles. I’m a little leary on the current turn around in SD though. People need jobs to move here and I don’t think we have seen the worst yet on that front, in fact I am certain of it.
ParticipantI think Peter Schiff sums it up nicely in his last paragraph
“In the final analysis the market must be allowed to function. If real estate prices are too high they must be allowed to fall, regardless of the consequences. Lower prices are the market’s solution to housing affordability. Government attempts to artificially prop up prices will have much more dire economic consequences then letting them fall. Until we figure this out, there will be no escape from the economic death spiral the government is setting in motion.”
ParticipantI think Peter Schiff sums it up nicely in his last paragraph
“In the final analysis the market must be allowed to function. If real estate prices are too high they must be allowed to fall, regardless of the consequences. Lower prices are the market’s solution to housing affordability. Government attempts to artificially prop up prices will have much more dire economic consequences then letting them fall. Until we figure this out, there will be no escape from the economic death spiral the government is setting in motion.”
ParticipantI think Peter Schiff sums it up nicely in his last paragraph
“In the final analysis the market must be allowed to function. If real estate prices are too high they must be allowed to fall, regardless of the consequences. Lower prices are the market’s solution to housing affordability. Government attempts to artificially prop up prices will have much more dire economic consequences then letting them fall. Until we figure this out, there will be no escape from the economic death spiral the government is setting in motion.”
ParticipantI think Peter Schiff sums it up nicely in his last paragraph
“In the final analysis the market must be allowed to function. If real estate prices are too high they must be allowed to fall, regardless of the consequences. Lower prices are the market’s solution to housing affordability. Government attempts to artificially prop up prices will have much more dire economic consequences then letting them fall. Until we figure this out, there will be no escape from the economic death spiral the government is setting in motion.”
ParticipantI think Peter Schiff sums it up nicely in his last paragraph
“In the final analysis the market must be allowed to function. If real estate prices are too high they must be allowed to fall, regardless of the consequences. Lower prices are the market’s solution to housing affordability. Government attempts to artificially prop up prices will have much more dire economic consequences then letting them fall. Until we figure this out, there will be no escape from the economic death spiral the government is setting in motion.”
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