[MadeInTaiwan]

10-12 years ago it was relatively inexpensive. If memory serves when we bought at the end of 95, Encinitas was not much more than expensive areas in Poway and RB.

It was (is?) the most affordable beach city not named Oceanside north of downtown. Our criteria was west of I-5, a price that we could survive on my 35K or her 40K salary(provided we only ate ramen), that left out Cardiff on south, and Carlsbad did not have much west of I-5 back then, so Encinitas it was.

I do think a lot of the housing east of I-5 to be at best no better than Carmel Valley and a bit sedating. The strip west of I-5 is a different story. You have Swami’s, you have what appears to me the highest concentration of yoga studios in San Diego, you have old style cafe’s down the street from fancy Italian Restaurants down the street from taco stand on Hwy 101 in downtown Encinitas. You have the beach surf culture. The housing styles and are all over the map. On our part of the street there isn’t even a sidewalk or streetlight. In comparison, I do find Carmel Valley and Poway a bit boring in its sameness.

Personally I prefer Point Loma for the older neighborhood and proximaty to downtown, but we could not afford it back then either (plus there is no beach). PB, OB are certainly funkier, but Encinitas doesn’t feel a bit safer. For us, it was the sweet spot of affordability, , beach, funkieness, schools. Probably still is.

MadeInTaiwan,

[MadeInTaiwan]

10-12 years ago it was relatively inexpensive. If memory serves when we bought at the end of 95, Encinitas was not much more than expensive areas in Poway and RB.

It was (is?) the most affordable beach city not named Oceanside north of downtown. Our criteria was west of I-5, a price that we could survive on my 35K or her 40K salary(provided we only ate ramen), that left out Cardiff on south, and Carlsbad did not have much west of I-5 back then, so Encinitas it was.

I do think a lot of the housing east of I-5 to be at best no better than Carmel Valley and a bit sedating. The strip west of I-5 is a different story. You have Swami’s, you have what appears to me the highest concentration of yoga studios in San Diego, you have old style cafe’s down the street from fancy Italian Restaurants down the street from taco stand on Hwy 101 in downtown Encinitas. You have the beach surf culture. The housing styles and are all over the map. On our part of the street there isn’t even a sidewalk or streetlight. In comparison, I do find Carmel Valley and Poway a bit boring in its sameness.

Personally I prefer Point Loma for the older neighborhood and proximaty to downtown, but we could not afford it back then either (plus there is no beach). PB, OB are certainly funkier, but Encinitas doesn’t feel a bit safer. For us, it was the sweet spot of affordability, , beach, funkieness, schools. Probably still is.

MadeInTaiwan,

[MadeInTaiwan]

10-12 years ago it was relatively inexpensive. If memory serves when we bought at the end of 95, Encinitas was not much more than expensive areas in Poway and RB.

It was (is?) the most affordable beach city not named Oceanside north of downtown. Our criteria was west of I-5, a price that we could survive on my 35K or her 40K salary(provided we only ate ramen), that left out Cardiff on south, and Carlsbad did not have much west of I-5 back then, so Encinitas it was.

I do think a lot of the housing east of I-5 to be at best no better than Carmel Valley and a bit sedating. The strip west of I-5 is a different story. You have Swami’s, you have what appears to me the highest concentration of yoga studios in San Diego, you have old style cafe’s down the street from fancy Italian Restaurants down the street from taco stand on Hwy 101 in downtown Encinitas. You have the beach surf culture. The housing styles and are all over the map. On our part of the street there isn’t even a sidewalk or streetlight. In comparison, I do find Carmel Valley and Poway a bit boring in its sameness.

Personally I prefer Point Loma for the older neighborhood and proximaty to downtown, but we could not afford it back then either (plus there is no beach). PB, OB are certainly funkier, but Encinitas doesn’t feel a bit safer. For us, it was the sweet spot of affordability, , beach, funkieness, schools. Probably still is.

MadeInTaiwan,

[MadeInTaiwan]

10-12 years ago it was relatively inexpensive. If memory serves when we bought at the end of 95, Encinitas was not much more than expensive areas in Poway and RB.

It was (is?) the most affordable beach city not named Oceanside north of downtown. Our criteria was west of I-5, a price that we could survive on my 35K or her 40K salary(provided we only ate ramen), that left out Cardiff on south, and Carlsbad did not have much west of I-5 back then, so Encinitas it was.

I do think a lot of the housing east of I-5 to be at best no better than Carmel Valley and a bit sedating. The strip west of I-5 is a different story. You have Swami’s, you have what appears to me the highest concentration of yoga studios in San Diego, you have old style cafe’s down the street from fancy Italian Restaurants down the street from taco stand on Hwy 101 in downtown Encinitas. You have the beach surf culture. The housing styles and are all over the map. On our part of the street there isn’t even a sidewalk or streetlight. In comparison, I do find Carmel Valley and Poway a bit boring in its sameness.

Personally I prefer Point Loma for the older neighborhood and proximaty to downtown, but we could not afford it back then either (plus there is no beach). PB, OB are certainly funkier, but Encinitas doesn’t feel a bit safer. For us, it was the sweet spot of affordability, , beach, funkieness, schools. Probably still is.

MadeInTaiwan,

[MadeInTaiwan]

10-12 years ago it was relatively inexpensive. If memory serves when we bought at the end of 95, Encinitas was not much more than expensive areas in Poway and RB.

It was (is?) the most affordable beach city not named Oceanside north of downtown. Our criteria was west of I-5, a price that we could survive on my 35K or her 40K salary(provided we only ate ramen), that left out Cardiff on south, and Carlsbad did not have much west of I-5 back then, so Encinitas it was.

I do think a lot of the housing east of I-5 to be at best no better than Carmel Valley and a bit sedating. The strip west of I-5 is a different story. You have Swami’s, you have what appears to me the highest concentration of yoga studios in San Diego, you have old style cafe’s down the street from fancy Italian Restaurants down the street from taco stand on Hwy 101 in downtown Encinitas. You have the beach surf culture. The housing styles and are all over the map. On our part of the street there isn’t even a sidewalk or streetlight. In comparison, I do find Carmel Valley and Poway a bit boring in its sameness.

Personally I prefer Point Loma for the older neighborhood and proximaty to downtown, but we could not afford it back then either (plus there is no beach). PB, OB are certainly funkier, but Encinitas doesn’t feel a bit safer. For us, it was the sweet spot of affordability, , beach, funkieness, schools. Probably still is.

MadeInTaiwan,

[MadeInTaiwan]

Here is an LA Times link that connects the money market fund loss with Lehman Brothers http://www.latimes.com/business/la-fi-credit27-2008sep27,0,7145620.story.

Again, you may want the banks to die, but in a mass stampede, many innocents, you and I included, may get trampled.

[MadeInTaiwan]

Here is an LA Times link that connects the money market fund loss with Lehman Brothers http://www.latimes.com/business/la-fi-credit27-2008sep27,0,7145620.story.

Again, you may want the banks to die, but in a mass stampede, many innocents, you and I included, may get trampled.

[MadeInTaiwan]

Here is an LA Times link that connects the money market fund loss with Lehman Brothers http://www.latimes.com/business/la-fi-credit27-2008sep27,0,7145620.story.

Again, you may want the banks to die, but in a mass stampede, many innocents, you and I included, may get trampled.

[MadeInTaiwan]

Here is an LA Times link that connects the money market fund loss with Lehman Brothers http://www.latimes.com/business/la-fi-credit27-2008sep27,0,7145620.story.

Again, you may want the banks to die, but in a mass stampede, many innocents, you and I included, may get trampled.

[MadeInTaiwan]

Here is an LA Times link that connects the money market fund loss with Lehman Brothers http://www.latimes.com/business/la-fi-credit27-2008sep27,0,7145620.story.

Again, you may want the banks to die, but in a mass stampede, many innocents, you and I included, may get trampled.

[MadeInTaiwan]

I did not make it clear, probably because I was not clear myself, on how exactly “credit freeze” will bring the economy to a grinding halt.

I heard another NPR segment co-produced with This American Life yesterday. They spoke to a few a people. One of them is the financial officer of Terminex’s parent company. The company uses commercial paper (called the most liquid part of the financial system) almost daily. The simplified explanation is to borrow 99,000.00 and return 100,000.00 a few days later. This is how many many companies make payroll and pay creditors. It is supposed to be a very boring part of finance, often handled by clerical level people when borrowing, seized up. His company could not burrow anything. He thought that our financial system would collapse if it went on for few more days. That is what got Pualson and Bernankie so spoofed. Then they talked to a banker at the receiving end of these loan requests. According to him, the reason the commercial paper market seized is because the oldest Money Market fund “turned a buck”, lost money, earlier in the week. Money Market pays extremely low interests, but is not supposed to loose money. The fact that one did spooked everyone, so no one is willing to lend.

What the feds/treasury are really trying to do is to instill sufficient confidence so that normal lending will occur, not the over leveraged crap that got us into this mess.

A poster thought this credit freeze is bankers withholding lending to force a bailout, I have to say that is a bit too “conspiracy theory” for me. Do you really thing bankers have that much control over each other?

Anyways, I don’t play a financial genius, even on internet. I am only passing along things that make sense to me.

[MadeInTaiwan]

I did not make it clear, probably because I was not clear myself, on how exactly “credit freeze” will bring the economy to a grinding halt.

I heard another NPR segment co-produced with This American Life yesterday. They spoke to a few a people. One of them is the financial officer of Terminex’s parent company. The company uses commercial paper (called the most liquid part of the financial system) almost daily. The simplified explanation is to borrow 99,000.00 and return 100,000.00 a few days later. This is how many many companies make payroll and pay creditors. It is supposed to be a very boring part of finance, often handled by clerical level people when borrowing, seized up. His company could not burrow anything. He thought that our financial system would collapse if it went on for few more days. That is what got Pualson and Bernankie so spoofed. Then they talked to a banker at the receiving end of these loan requests. According to him, the reason the commercial paper market seized is because the oldest Money Market fund “turned a buck”, lost money, earlier in the week. Money Market pays extremely low interests, but is not supposed to loose money. The fact that one did spooked everyone, so no one is willing to lend.

What the feds/treasury are really trying to do is to instill sufficient confidence so that normal lending will occur, not the over leveraged crap that got us into this mess.

A poster thought this credit freeze is bankers withholding lending to force a bailout, I have to say that is a bit too “conspiracy theory” for me. Do you really thing bankers have that much control over each other?

Anyways, I don’t play a financial genius, even on internet. I am only passing along things that make sense to me.

[MadeInTaiwan]

I did not make it clear, probably because I was not clear myself, on how exactly “credit freeze” will bring the economy to a grinding halt.

I heard another NPR segment co-produced with This American Life yesterday. They spoke to a few a people. One of them is the financial officer of Terminex’s parent company. The company uses commercial paper (called the most liquid part of the financial system) almost daily. The simplified explanation is to borrow 99,000.00 and return 100,000.00 a few days later. This is how many many companies make payroll and pay creditors. It is supposed to be a very boring part of finance, often handled by clerical level people when borrowing, seized up. His company could not burrow anything. He thought that our financial system would collapse if it went on for few more days. That is what got Pualson and Bernankie so spoofed. Then they talked to a banker at the receiving end of these loan requests. According to him, the reason the commercial paper market seized is because the oldest Money Market fund “turned a buck”, lost money, earlier in the week. Money Market pays extremely low interests, but is not supposed to loose money. The fact that one did spooked everyone, so no one is willing to lend.

What the feds/treasury are really trying to do is to instill sufficient confidence so that normal lending will occur, not the over leveraged crap that got us into this mess.

A poster thought this credit freeze is bankers withholding lending to force a bailout, I have to say that is a bit too “conspiracy theory” for me. Do you really thing bankers have that much control over each other?

Anyways, I don’t play a financial genius, even on internet. I am only passing along things that make sense to me.

[MadeInTaiwan]

I did not make it clear, probably because I was not clear myself, on how exactly “credit freeze” will bring the economy to a grinding halt.

I heard another NPR segment co-produced with This American Life yesterday. They spoke to a few a people. One of them is the financial officer of Terminex’s parent company. The company uses commercial paper (called the most liquid part of the financial system) almost daily. The simplified explanation is to borrow 99,000.00 and return 100,000.00 a few days later. This is how many many companies make payroll and pay creditors. It is supposed to be a very boring part of finance, often handled by clerical level people when borrowing, seized up. His company could not burrow anything. He thought that our financial system would collapse if it went on for few more days. That is what got Pualson and Bernankie so spoofed. Then they talked to a banker at the receiving end of these loan requests. According to him, the reason the commercial paper market seized is because the oldest Money Market fund “turned a buck”, lost money, earlier in the week. Money Market pays extremely low interests, but is not supposed to loose money. The fact that one did spooked everyone, so no one is willing to lend.

What the feds/treasury are really trying to do is to instill sufficient confidence so that normal lending will occur, not the over leveraged crap that got us into this mess.

A poster thought this credit freeze is bankers withholding lending to force a bailout, I have to say that is a bit too “conspiracy theory” for me. Do you really thing bankers have that much control over each other?

Anyways, I don’t play a financial genius, even on internet. I am only passing along things that make sense to me.

[MadeInTaiwan]

I did not make it clear, probably because I was not clear myself, on how exactly “credit freeze” will bring the economy to a grinding halt.

I heard another NPR segment co-produced with This American Life yesterday. They spoke to a few a people. One of them is the financial officer of Terminex’s parent company. The company uses commercial paper (called the most liquid part of the financial system) almost daily. The simplified explanation is to borrow 99,000.00 and return 100,000.00 a few days later. This is how many many companies make payroll and pay creditors. It is supposed to be a very boring part of finance, often handled by clerical level people when borrowing, seized up. His company could not burrow anything. He thought that our financial system would collapse if it went on for few more days. That is what got Pualson and Bernankie so spoofed. Then they talked to a banker at the receiving end of these loan requests. According to him, the reason the commercial paper market seized is because the oldest Money Market fund “turned a buck”, lost money, earlier in the week. Money Market pays extremely low interests, but is not supposed to loose money. The fact that one did spooked everyone, so no one is willing to lend.

What the feds/treasury are really trying to do is to instill sufficient confidence so that normal lending will occur, not the over leveraged crap that got us into this mess.

A poster thought this credit freeze is bankers withholding lending to force a bailout, I have to say that is a bit too “conspiracy theory” for me. Do you really thing bankers have that much control over each other?

Anyways, I don’t play a financial genius, even on internet. I am only passing along things that make sense to me.

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