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LuckyInOC
ParticipantThis reminds me of a few good quotes…
“I have two great enemies, the southern army in front of me and the financial institutions, in the rear. Of the two, the one in the rear is the greatest enemy….. I see in the future a crisis approaching that unnerves me and causes me to tremble for the safety of my country. As a result of the war, corporations have been enthroned and an era of corruption in high places will follow, and the money power of the country will endeavor to prolong its reign by working upon the prejudices of the people until wealth is aggregated in a few hands and the Republic is destroyed. I feel at this moment more anxiety for the safety of my country than ever before, even in the midst of the war. – Abraham Lincoln”
“If the American people ever allow private banks to control the issue of their currency, first by inflation then by deflation, the banks and the corporations will grow up around them, will deprive the people of all property until their children wake up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs. – Thomas Jefferson, The Debate Over The Recharter Of The Bank Bill, (1809)”
“Whoever controls the volume of money in any country is absolute master of all industry and commerce. – James A. Garfield, 20th US President”
“It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. – Henry Ford”
“Let me issue and control a nation’s money and I care not who writes the laws. – Mayer Amschel Rothschild, 1790”
“Money plays the largest part in determining the course of history. – Karl Marx (Communist Manifesto)”
“I believe that banking institutions are more dangerous to our liberties than standing armies. – Thomas Jefferson”
Could it be that China and Saudi has some other motives or intentions?
Lucky In OC
ParticipantThis reminds me of a few good quotes…
“I have two great enemies, the southern army in front of me and the financial institutions, in the rear. Of the two, the one in the rear is the greatest enemy….. I see in the future a crisis approaching that unnerves me and causes me to tremble for the safety of my country. As a result of the war, corporations have been enthroned and an era of corruption in high places will follow, and the money power of the country will endeavor to prolong its reign by working upon the prejudices of the people until wealth is aggregated in a few hands and the Republic is destroyed. I feel at this moment more anxiety for the safety of my country than ever before, even in the midst of the war. – Abraham Lincoln”
“If the American people ever allow private banks to control the issue of their currency, first by inflation then by deflation, the banks and the corporations will grow up around them, will deprive the people of all property until their children wake up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs. – Thomas Jefferson, The Debate Over The Recharter Of The Bank Bill, (1809)”
“Whoever controls the volume of money in any country is absolute master of all industry and commerce. – James A. Garfield, 20th US President”
“It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. – Henry Ford”
“Let me issue and control a nation’s money and I care not who writes the laws. – Mayer Amschel Rothschild, 1790”
“Money plays the largest part in determining the course of history. – Karl Marx (Communist Manifesto)”
“I believe that banking institutions are more dangerous to our liberties than standing armies. – Thomas Jefferson”
Could it be that China and Saudi has some other motives or intentions?
Lucky In OC
ParticipantThis reminds me of a few good quotes…
“I have two great enemies, the southern army in front of me and the financial institutions, in the rear. Of the two, the one in the rear is the greatest enemy….. I see in the future a crisis approaching that unnerves me and causes me to tremble for the safety of my country. As a result of the war, corporations have been enthroned and an era of corruption in high places will follow, and the money power of the country will endeavor to prolong its reign by working upon the prejudices of the people until wealth is aggregated in a few hands and the Republic is destroyed. I feel at this moment more anxiety for the safety of my country than ever before, even in the midst of the war. – Abraham Lincoln”
“If the American people ever allow private banks to control the issue of their currency, first by inflation then by deflation, the banks and the corporations will grow up around them, will deprive the people of all property until their children wake up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs. – Thomas Jefferson, The Debate Over The Recharter Of The Bank Bill, (1809)”
“Whoever controls the volume of money in any country is absolute master of all industry and commerce. – James A. Garfield, 20th US President”
“It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. – Henry Ford”
“Let me issue and control a nation’s money and I care not who writes the laws. – Mayer Amschel Rothschild, 1790”
“Money plays the largest part in determining the course of history. – Karl Marx (Communist Manifesto)”
“I believe that banking institutions are more dangerous to our liberties than standing armies. – Thomas Jefferson”
Could it be that China and Saudi has some other motives or intentions?
Lucky In OC
ParticipantThis reminds me of a few good quotes…
“I have two great enemies, the southern army in front of me and the financial institutions, in the rear. Of the two, the one in the rear is the greatest enemy….. I see in the future a crisis approaching that unnerves me and causes me to tremble for the safety of my country. As a result of the war, corporations have been enthroned and an era of corruption in high places will follow, and the money power of the country will endeavor to prolong its reign by working upon the prejudices of the people until wealth is aggregated in a few hands and the Republic is destroyed. I feel at this moment more anxiety for the safety of my country than ever before, even in the midst of the war. – Abraham Lincoln”
“If the American people ever allow private banks to control the issue of their currency, first by inflation then by deflation, the banks and the corporations will grow up around them, will deprive the people of all property until their children wake up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs. – Thomas Jefferson, The Debate Over The Recharter Of The Bank Bill, (1809)”
“Whoever controls the volume of money in any country is absolute master of all industry and commerce. – James A. Garfield, 20th US President”
“It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. – Henry Ford”
“Let me issue and control a nation’s money and I care not who writes the laws. – Mayer Amschel Rothschild, 1790”
“Money plays the largest part in determining the course of history. – Karl Marx (Communist Manifesto)”
“I believe that banking institutions are more dangerous to our liberties than standing armies. – Thomas Jefferson”
Could it be that China and Saudi has some other motives or intentions?
Lucky In OC
ParticipantTG,
My wife and I bought our first home in OC at the end of ’97 after the last RE bubble. The biggest problem with ‘not’ being a knife-catcher and just in front of the up-turn was the selection of homes. We had very few nice homes in our price range. Basically, leftovers… We choose the best one we could. We upgraded to a larger home (wife’s choice, not mine) in ’06 (5.5% Jumbo 30yr fixed >20% down) and sold our first home this year with a nice profit.
If I was able to do over, I would think I would rather knife-catch a “little” with home I really love, instead of save a “little” and settle for what is left. I was not in a position to buy a home prior to ’97.
IMO the best would be at the beginning of the bottom-flat = Best Selection, Best Price… Of course the biggest problem is knowing when that is…
I been reading this site for about 6 months or so…
I’ve had the same feelings about this RE market being overheated since at least 2002, maybe even earlier. My last house saw highs in the $350k (’89) range before falling to th $150k (’95) range. After selling at $590k, my neighborhood is down to about $450 or less (24%). I would not bet against a 50% drop from the highs again.Even for rational persons, once the numbers start to line up, it will become an emotional decision as always…
Hope this helps and good luck,
Lucky In OC
ParticipantTG,
My wife and I bought our first home in OC at the end of ’97 after the last RE bubble. The biggest problem with ‘not’ being a knife-catcher and just in front of the up-turn was the selection of homes. We had very few nice homes in our price range. Basically, leftovers… We choose the best one we could. We upgraded to a larger home (wife’s choice, not mine) in ’06 (5.5% Jumbo 30yr fixed >20% down) and sold our first home this year with a nice profit.
If I was able to do over, I would think I would rather knife-catch a “little” with home I really love, instead of save a “little” and settle for what is left. I was not in a position to buy a home prior to ’97.
IMO the best would be at the beginning of the bottom-flat = Best Selection, Best Price… Of course the biggest problem is knowing when that is…
I been reading this site for about 6 months or so…
I’ve had the same feelings about this RE market being overheated since at least 2002, maybe even earlier. My last house saw highs in the $350k (’89) range before falling to th $150k (’95) range. After selling at $590k, my neighborhood is down to about $450 or less (24%). I would not bet against a 50% drop from the highs again.Even for rational persons, once the numbers start to line up, it will become an emotional decision as always…
Hope this helps and good luck,
Lucky In OC
ParticipantTG,
My wife and I bought our first home in OC at the end of ’97 after the last RE bubble. The biggest problem with ‘not’ being a knife-catcher and just in front of the up-turn was the selection of homes. We had very few nice homes in our price range. Basically, leftovers… We choose the best one we could. We upgraded to a larger home (wife’s choice, not mine) in ’06 (5.5% Jumbo 30yr fixed >20% down) and sold our first home this year with a nice profit.
If I was able to do over, I would think I would rather knife-catch a “little” with home I really love, instead of save a “little” and settle for what is left. I was not in a position to buy a home prior to ’97.
IMO the best would be at the beginning of the bottom-flat = Best Selection, Best Price… Of course the biggest problem is knowing when that is…
I been reading this site for about 6 months or so…
I’ve had the same feelings about this RE market being overheated since at least 2002, maybe even earlier. My last house saw highs in the $350k (’89) range before falling to th $150k (’95) range. After selling at $590k, my neighborhood is down to about $450 or less (24%). I would not bet against a 50% drop from the highs again.Even for rational persons, once the numbers start to line up, it will become an emotional decision as always…
Hope this helps and good luck,
Lucky In OC
ParticipantTG,
My wife and I bought our first home in OC at the end of ’97 after the last RE bubble. The biggest problem with ‘not’ being a knife-catcher and just in front of the up-turn was the selection of homes. We had very few nice homes in our price range. Basically, leftovers… We choose the best one we could. We upgraded to a larger home (wife’s choice, not mine) in ’06 (5.5% Jumbo 30yr fixed >20% down) and sold our first home this year with a nice profit.
If I was able to do over, I would think I would rather knife-catch a “little” with home I really love, instead of save a “little” and settle for what is left. I was not in a position to buy a home prior to ’97.
IMO the best would be at the beginning of the bottom-flat = Best Selection, Best Price… Of course the biggest problem is knowing when that is…
I been reading this site for about 6 months or so…
I’ve had the same feelings about this RE market being overheated since at least 2002, maybe even earlier. My last house saw highs in the $350k (’89) range before falling to th $150k (’95) range. After selling at $590k, my neighborhood is down to about $450 or less (24%). I would not bet against a 50% drop from the highs again.Even for rational persons, once the numbers start to line up, it will become an emotional decision as always…
Hope this helps and good luck,
Lucky In OC
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