[lu]

Here is an earlier letter from the author to the president:

http://www.denninger.net/letters/president-financial.pdf

[lu]

Here is an earlier letter from the author to the president:

http://www.denninger.net/letters/president-financial.pdf

[lu]

Here is an earlier letter from the author to the president:

http://www.denninger.net/letters/president-financial.pdf

[lu]

Here is an earlier letter from the author to the president:

http://www.denninger.net/letters/president-financial.pdf

[lu]

Here is an earlier letter from the author to the president:

http://www.denninger.net/letters/president-financial.pdf

[lu]

JWM — I agree with you. I’m renting a place just down the street. My apartment also has a panoramic ocean view and a large garage (albeit detached). It costs me just $2200 per month; that’s a much better deal than the mortgage on $1.4M. 🙂

I’m just curious what other people thought about this listing, and prices in North County Coastal areas in general.

– Lu

quote:
———–
| No, they are not immune, you just need to adjust your timeframe
| by several years is all. Just rent, what’s the big deal about buying
| right now?
———–

[lu]

JWM — I agree with you. I’m renting a place just down the street. My apartment also has a panoramic ocean view and a large garage (albeit detached). It costs me just $2200 per month; that’s a much better deal than the mortgage on $1.4M. 🙂

I’m just curious what other people thought about this listing, and prices in North County Coastal areas in general.

– Lu

quote:
———–
| No, they are not immune, you just need to adjust your timeframe
| by several years is all. Just rent, what’s the big deal about buying
| right now?
———–

[lu]

JWM — I agree with you. I’m renting a place just down the street. My apartment also has a panoramic ocean view and a large garage (albeit detached). It costs me just $2200 per month; that’s a much better deal than the mortgage on $1.4M. 🙂

I’m just curious what other people thought about this listing, and prices in North County Coastal areas in general.

– Lu

quote:
———–
| No, they are not immune, you just need to adjust your timeframe
| by several years is all. Just rent, what’s the big deal about buying
| right now?
———–

[lu]

More info — yes, it’s for sale at just under $1.4M.

1878 sqft
fee simple
attached 2-car garage
hdwd floors
3 story
panoramic ocean views

[lu]

More info — yes, it’s for sale at just under $1.4M.

1878 sqft
fee simple
attached 2-car garage
hdwd floors
3 story
panoramic ocean views

[lu]

More info — yes, it’s for sale at just under $1.4M.

1878 sqft
fee simple
attached 2-car garage
hdwd floors
3 story
panoramic ocean views

[lu]

First let me say, RENTING SUCKS!

I’m renting, and I don’t think it’s so bad. I live in Cardiff. My place is a good size 2 bed / 2 bath with nice cabinets, nice bathrooms, and crown molding. Sure, it has beige carpet and off-white walls, and it could use more closet space. But it also has a panoramic ocean view. My unit is the entire second story of a duplex with a large 2 car (unattached) garage. I am 4 blocks from the beach — and it’s a great surf spot. There is a fancy grocery store down the street, nice shops, restaurants, breakfast places, and of course, VG’s.

What does all this cost? $2200 per month. I think that’s a great deal.

Regarding Cardiff, it doesn’t seem like house prices have come down very much here, which is frustrating for sure, but that’s a topic for a different post.

– Lu

[lu]

Here is another author, Steven Doty, who is predicting a massive bust because of the 80 million baby boomers that will be retiring soon.

http://thecomingcrashonline.googlepages.com/home

His analysis is based on monte carlo simulations, which is the same technique professionals use to optimize portfolios (such as when applying modern portfolio theory).

His book and profile: http://stores.lulu.com/stevendoty

Thoughts?

[lu]

Well I just went ahead and created it. 🙂

Click here to join the piggingtonians group

Let me know if anybody else wants to be a moderator. Also please DO let me know if this is a bad idea so I can delete the group. My yahoo username is ‘chuass’ (I know that sounds bad — that’s not how it’s pronounced; it’s a long story).

[lu]

I’m excited to meet the people on this board!

Should we create a yahoo group or something so that everyone can register and we can keep a calendar online, send group emails, etc.?

(instead of keeping track with all of these replies here — some people are starting to post their email addresses)

– Lu

[Author]

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