[lindismith]

The are just as many articles debunking the “inconvient truth” mentality as those that propagate it.

Actually, there aren’t. Please show us your source.

The fact is, denialists of climate change are in the minority.

Denialists are found in almost every field of science. You can google Duesberg who holds uncommon views on AIDS for one.

Support and encourage alternative energy? Yes, we should

Thanks!

[lindismith]

Nicely put, Chris.

Kicksavedave, try this site for charts by state:

http://www.thebubblebuster.com/reports.html

[lindismith]

sellers become the lender

This may be true, but in 2005, the sellers were actually trading up and buying. Now they are most likely dropping out of buying altogether.

How healthy is the sales volume? How does it compare to ’06,’05 and ’04?

[lindismith]

Yes, no question those that can wait to sell, will wait. But life has so many uncertainties, and we’ve all seen how much of our local economy has been driven by this housing market boom. A few more contractors, loan companies, real estate firms etc., affected, and people who think they’re ok will not be. The ripple effect will be huge. People stop eating out, getting their hair done, buying clothes etc., so the whole economy feels it. (And, just think what one divorce will do in every zip code!!)

Every week we’re watching those short sale numbers jump up. 2005 didn’t even have short sale figures. Listings would sell in a matter of hours! Now, listings are sitting, and sitting, and sitting. So, our sellers are different. We’re seeing people that need to sell, but unlike 2005, they can’t.

And, the buyers are all like me: they’re saying, ‘gee, things have really turned around. Exactly how low is this thing gonna go?’ In 2005 buyers were saying, ‘I’d better buy now or get priced out forever.’

So you’re right, no one knows how this will play out, but my money’s on further easy price declines. Buyers have nothing to lose by sitting out the market this entire year.

[lindismith]

The result will be a very slow change in prices this year unlike last year.

There’s no way the trend will stick. In 2005, there was not this quantity of short sales. It’s a totally different type of buyer and seller in the market these days.

[lindismith]

You have nothing to lose by waiting. Those agents are SALES PEOPLE! They are praying on your fear of ‘losing out in a hot market.’ Guess what? It’s cooled down considerably. PD is right – ask them to show you comps from last year. You can even look prices up on Zillow, and Zip. You’ll soon start to get a clear picture. Things are going to continue to go down. Coronado’s no different.

[lindismith]

We’re all pretty fiscally conservative on this board, so I would guess most of us have actually not heard of this type of loan.

If the loan comes with a software program, I’d say it’s pretty complicated, and buyer beware!

We occasionally have some mortgage brokers on this board. They disappear pretty fast though when we start asking for stories from the ‘good ole days’ (last year). But, maybe one will chime in and tell you the truth about this type of loan.

[lindismith]

I heard it yesterday morning. What was so frustrating however is that they kept harping on the median. I guess the median has only gone down slightly.

After all we know about the median I wanted to write them a letter to educate them. It’s simply bad reporting at this point to keep harping on the median. I exepect organizations like NPR to do a little more digging, and report more accurately.

[lindismith]

you’re right bigtrouble.

We had a thread last Fall about all the lay-offs hitting our local market. Companies were relocating out of SD. I’m not sure what happened to them… Anyone know?

[lindismith]

That’s a good question. I think it depends on how long this weather continues.

I checked the 10-day forecast, and it looks like these temps are due again next week.

I think it will have some effect on our economy, but people will give up the guacamole before the gasoline, so effectively it will have some impact, but perhaps not enough to push us over the edge.

I think the big impacts are terrorism and gas prices. But, it is interesting to watch something as seemingly benign as climate change take it’s toll.

[lindismith]

Rent Slicer is a cool site – helps identify properties by $ also.

http://sandiego.rentslicer.com/

[lindismith]

“how to make more dishes using spam” should be one coming up next year too.

[lindismith]

That’s why American Express is so great, you have to pay it off each month. (Although now they do offer a rotating balance card, but you don’t want that kind for them.)

The key is to pay down the debt each month, and then cut them up.

Use the Amex for plane tickets or other purchases that REQUIRE credit cards, but nothing.

You might consider talking to Rich (Prof. Piggington) about the 401K issue… He can best advise on those sort of things.

[lindismith]

we moved out here last year, put some bids in and finally woke up and realized that no matter how much sun, waves, california burritos, and sunsets we have here. It is not worth it to live here if Real Estate is that much.

What a great line! I love being a Piggington!

[lindismith]

That is good input SD Realtor.

There is a thread called, “Thinking about buying..Am I crazy?” Do a search for it. (left nav) It is only from November. Time flies on this forum.

There are a few other good ones. I will try to find them for you.

[Author]

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