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Nancy_s soothsayer
ParticipantThe pummelling of the subprime debtors won’t happen until Sept., Oct., and Nov. this year. That’s based on the Credit Suisse ARM Reset Schedule that most here gawked at weeks ago. IMHO the biggest yearly price drops haven’t happened yet. Okay, okay…. wait till next year, then. (But this is just me talking.) You may ignore or listen to me at your own risk as if I am not even here.
ParticipantBy your handle or name, I am wishing that you won’t buy this year. Could you wait till 2009? Even better in 2010. IMHO, all the dollar signs in your above post are moot at this point in time. Go rent in a spanking new landlord-subsidized house in a great area. The landlord will thank you.
ParticipantBy your handle or name, I am wishing that you won’t buy this year. Could you wait till 2009? Even better in 2010. IMHO, all the dollar signs in your above post are moot at this point in time. Go rent in a spanking new landlord-subsidized house in a great area. The landlord will thank you.
ParticipantFatso, you got the wrong person. I am as happy as can be. I don’t wish suffering for others. It is very bad karma.
ParticipantFatso, you got the wrong person. I am as happy as can be. I don’t wish suffering for others. It is very bad karma.
ParticipantWhen I started buying prime fishpond lands and developing large ponds in an Asian country in 2005, the exchange rate was (Peso)56.00 to a U.S.Dollar. I bought 3.5 hectares or about 8.4 acres. Now the exchange rate is 46.00 to one. The prices of land have also skyrocketed during that time period. The fishponds are now producing fat, delicious tilapias, gouramis, and mudfish feeding a small barrio.
ParticipantWhen I started buying prime fishpond lands and developing large ponds in an Asian country in 2005, the exchange rate was (Peso)56.00 to a U.S.Dollar. I bought 3.5 hectares or about 8.4 acres. Now the exchange rate is 46.00 to one. The prices of land have also skyrocketed during that time period. The fishponds are now producing fat, delicious tilapias, gouramis, and mudfish feeding a small barrio.
ParticipantThe thread was prefaced with “I have a SICK habit…” Being more than petty was already acknowledged. No “sermons” needed.
ParticipantThe thread was prefaced with “I have a SICK habit…” Being more than petty was already acknowledged. No “sermons” needed.
ParticipantThe nasty trend becomes scary and even more obvious if we factor in 2005 (The Peak) numbers. The ostriches will hopefully suddenly wake up and get their heads out of the sand. Even Dr. Pangloss starts looking for a rental heavily landlord-subsidized. There are whispers that rents are trending down putting more specuvestors under pressure.
ParticipantThe nasty trend becomes scary and even more obvious if we factor in 2005 (The Peak) numbers. The ostriches will hopefully suddenly wake up and get their heads out of the sand. Even Dr. Pangloss starts looking for a rental heavily landlord-subsidized. There are whispers that rents are trending down putting more specuvestors under pressure.
ParticipantKibu, dude, buying a house in San Diego from 2003 to now as an inflation hedge is not the smartest thing to do. That same house is facing a major huuuuge DEFLATION. What planet are you from?
In addition, someone who bought in the same period would be getting double-whammy hit both sides (redundant?):
a) his food, clothing, gas, and utility costs would squeeze him, and
b) his deflating net-worth equity from the alligator-house would squeeze him into not being able to move.The person with the cash only deals with the former.
ParticipantKibu, dude, buying a house in San Diego from 2003 to now as an inflation hedge is not the smartest thing to do. That same house is facing a major huuuuge DEFLATION. What planet are you from?
In addition, someone who bought in the same period would be getting double-whammy hit both sides (redundant?):
a) his food, clothing, gas, and utility costs would squeeze him, and
b) his deflating net-worth equity from the alligator-house would squeeze him into not being able to move.The person with the cash only deals with the former.
ParticipantWhat if you have inflationary spiral for one year or a relatively short period and then followed by a HUGE DEFLATION for many, many years afterwards. Is that possible at all in your calculation?
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