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September 12, 2007 at 2:29 PM in reply to: “Theory” that RE bottom is looming . . . and RE is 25% undervalued . . . #84316September 10, 2007 at 3:44 PM in reply to: After all the recent mud slinging this article is a much needed diversion… #84086
lonestar2000
ParticipantHow on Earth do you recall a story from 1981?
Anyhow, in his article he states…
“The bubble that everyone said could never burst has burst.”
Sounds like all you’d need to do is change the date of the article and it could be re-printed whole, and would be just relevent today!
September 10, 2007 at 12:13 PM in reply to: Rumor – is CW reselling properties back to borrowers as short sales? #84054lonestar2000
ParticipantAnd what about 2nd mortgages or HELOCs on the house?
Don’t those have to be paid off when the house is sold?This all has the stink of disaster.
lonestar2000
ParticipantWow, that’s quite a drop! I can’t wait to see decent properties in the IE drop to that level. I’m just itching to finally ditch my mobile home and buy a decent house with some land.
lonestar2000
ParticipantLOL you guys are putting way too much into this. All I am saying is, that although we all knew that prices were too high and that they were posed for a crash, nobody knew the peak (as asianautica also pointed out) and nobody knows when the bottom will be.
You can draw conclusions from the markets, and I think we’re all in agreement that the downturn will continue for some time, but one’s purchasing decisions are not based singly on this one measure.
There are far more factors involved, of which the ‘time to buy or not’ is just one. It should certainly be considered, but it should not be your single driving force.
lonestar2000
ParticipantI fully agree with the main sentiment, that you should not try to time the market. Nobody foresaw the bubble, almost nobody foresaw the downturn, and quite certainly nobody knows then it will bottom out. If this could be known we’d all be multi millionaires by now and buy our own islands.
What you SHOULD concentrate on is finding equilibrium…and by that I mean buy when it makes sense to you. If you find the house you want, at a price you can afford, and are looking to LIVE there and not as an investment, then by all means go for it and enjoy it! Don’t worry about when is the right time or wrong time to buy, after all, nobody here will be making your mortgage payments but you.
There’s nothing wrong with delaying a purchase when prices are in a freefall like they are now, but don’t let the thought of another $10,000 savings hold off if you’re ready to buy.
lonestar2000
ParticipantSounds like the house of cards that easy money has built is crumbling.
“Buckle your seatbelt Dorothy, ’cause Kansas is going byebye”.
August 18, 2007 at 10:33 PM in reply to: Are we gonna experience the same Japanese Housing Burst at 1991? #77718lonestar2000
ParticipantSomebody mentioned New Balance as a US product.
Although it is true that they have factories here and do make some of their shoes in the US, not all of them are.We just came back from Kohl’s and I checked on the shoes there. The only New Balance shoe was…made in China.
Again, all this means very little since none of us really want to make New Balance shoes anyhow. We’d rather go to school and design them instead!
August 18, 2007 at 10:33 PM in reply to: Are we gonna experience the same Japanese Housing Burst at 1991? #77842lonestar2000
ParticipantSomebody mentioned New Balance as a US product.
Although it is true that they have factories here and do make some of their shoes in the US, not all of them are.We just came back from Kohl’s and I checked on the shoes there. The only New Balance shoe was…made in China.
Again, all this means very little since none of us really want to make New Balance shoes anyhow. We’d rather go to school and design them instead!
August 18, 2007 at 10:33 PM in reply to: Are we gonna experience the same Japanese Housing Burst at 1991? #77867lonestar2000
ParticipantSomebody mentioned New Balance as a US product.
Although it is true that they have factories here and do make some of their shoes in the US, not all of them are.We just came back from Kohl’s and I checked on the shoes there. The only New Balance shoe was…made in China.
Again, all this means very little since none of us really want to make New Balance shoes anyhow. We’d rather go to school and design them instead!
August 18, 2007 at 5:21 AM in reply to: Are we gonna experience the same Japanese Housing Burst at 1991? #77401lonestar2000
ParticipantIt always makes me laugh when people decry the Made in China labels as proof that the US is not good at anything any more.
The truh is our technological, scientific, and medical innovations (to name just a few) have never been better!
Our higher learning institutions are some of the best in the world, our routers and network gear cross the globe, our air planes and space vehicles (don’t just look at what’s available now, look at what’s in the works) are the best in the world. Tesla motors is the biggest innovators in electric cars. Apple has sold over 100 Million iPods (think all those went to US consumers?) and now whiplashed the cell phone industry (and that is the top of the iceberg, their design expertise will soon make it into other areas such as controls for air conditioning systems, art, furniture, to name a few). Intuitive Surgical makes state of the art operating room equipment the likes the world drools over. Boeing (as mentioned earlier) is kicking Airbuss buttocks left and right, and so what if much of its manufacturing is outsourced, the BRAINS and CREATIVE TALENT of the industry is what is important. When people need major surgery (heart transplant, brain surgery) they come to Loma Linda, California (and plenty of other fine US medical institutions).
Don’t even get me started on entertainment, GIS, military technology, industrial engineering…
I’m not trying to sound overly proud, although I damn well should be, but quite honestly stop all this America bashing already! Be proud of where you live and give some credit to those who work their asses off to make your lives easier every single day!
Made in China is just another US innovation, why make it for $1 when you can make it for $0.10! The creative genious is what drives the world in a technological revolution, and the last time I checked we were smack in the middle of one.
August 18, 2007 at 5:21 AM in reply to: Are we gonna experience the same Japanese Housing Burst at 1991? #77522lonestar2000
ParticipantIt always makes me laugh when people decry the Made in China labels as proof that the US is not good at anything any more.
The truh is our technological, scientific, and medical innovations (to name just a few) have never been better!
Our higher learning institutions are some of the best in the world, our routers and network gear cross the globe, our air planes and space vehicles (don’t just look at what’s available now, look at what’s in the works) are the best in the world. Tesla motors is the biggest innovators in electric cars. Apple has sold over 100 Million iPods (think all those went to US consumers?) and now whiplashed the cell phone industry (and that is the top of the iceberg, their design expertise will soon make it into other areas such as controls for air conditioning systems, art, furniture, to name a few). Intuitive Surgical makes state of the art operating room equipment the likes the world drools over. Boeing (as mentioned earlier) is kicking Airbuss buttocks left and right, and so what if much of its manufacturing is outsourced, the BRAINS and CREATIVE TALENT of the industry is what is important. When people need major surgery (heart transplant, brain surgery) they come to Loma Linda, California (and plenty of other fine US medical institutions).
Don’t even get me started on entertainment, GIS, military technology, industrial engineering…
I’m not trying to sound overly proud, although I damn well should be, but quite honestly stop all this America bashing already! Be proud of where you live and give some credit to those who work their asses off to make your lives easier every single day!
Made in China is just another US innovation, why make it for $1 when you can make it for $0.10! The creative genious is what drives the world in a technological revolution, and the last time I checked we were smack in the middle of one.
August 18, 2007 at 5:21 AM in reply to: Are we gonna experience the same Japanese Housing Burst at 1991? #77550lonestar2000
ParticipantIt always makes me laugh when people decry the Made in China labels as proof that the US is not good at anything any more.
The truh is our technological, scientific, and medical innovations (to name just a few) have never been better!
Our higher learning institutions are some of the best in the world, our routers and network gear cross the globe, our air planes and space vehicles (don’t just look at what’s available now, look at what’s in the works) are the best in the world. Tesla motors is the biggest innovators in electric cars. Apple has sold over 100 Million iPods (think all those went to US consumers?) and now whiplashed the cell phone industry (and that is the top of the iceberg, their design expertise will soon make it into other areas such as controls for air conditioning systems, art, furniture, to name a few). Intuitive Surgical makes state of the art operating room equipment the likes the world drools over. Boeing (as mentioned earlier) is kicking Airbuss buttocks left and right, and so what if much of its manufacturing is outsourced, the BRAINS and CREATIVE TALENT of the industry is what is important. When people need major surgery (heart transplant, brain surgery) they come to Loma Linda, California (and plenty of other fine US medical institutions).
Don’t even get me started on entertainment, GIS, military technology, industrial engineering…
I’m not trying to sound overly proud, although I damn well should be, but quite honestly stop all this America bashing already! Be proud of where you live and give some credit to those who work their asses off to make your lives easier every single day!
Made in China is just another US innovation, why make it for $1 when you can make it for $0.10! The creative genious is what drives the world in a technological revolution, and the last time I checked we were smack in the middle of one.
lonestar2000
ParticipantWith CFC execs cashing out their options, and CFC tapping their entire available credit for the next three months, I hardly think their issues are overblown. Even if they survive they are a huge target for a takeover/buyout. I can think of several Chinese banks with more money collecting dust than they know what to do with.
lonestar2000
ParticipantWith CFC execs cashing out their options, and CFC tapping their entire available credit for the next three months, I hardly think their issues are overblown. Even if they survive they are a huge target for a takeover/buyout. I can think of several Chinese banks with more money collecting dust than they know what to do with.
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