[Nancy_s soothsayer]

What 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?

[Nancy_s soothsayer]

Sheesh! That’s nothing. In my current part of the world in Texas, it is $75-/sqft limestone brick homes with large yards, sorrounded by a sea of super-green meadows, audobon-like paradise of birds on century-old trees, and super-bright blue skies with crystal white puffs of clouds. The recent rains brought an explosion of marigolds everywhere. Truly mother nature presented itself here, not a little piece of Disneyland. Now I know what “big sky” means.

[Nancy_s soothsayer]

I know where your local government put some of the money they collect. They spend over a BILLION dollars outsourcing their IT department to outsourcers who promptly import HB1 workers to dork around with expensive off-the-shelf software full of glitches. These outsources, as usual, always overpromise and under-deliver. Your tax dollars at work – same as it ever was.

[Nancy_s soothsayer]

Everybody, listen! I am the one with the crystal ball.

My crystal ball said, (in quotes):

“In 1996 -BUY San Diego house – April 1996.” Did it.
“In 2005 -LIST your house for sale June 2005.” Did it and sold October 2005.

Then it said: “Move out of San Diego – 2006, go to Austin, Texas area.” I obediently followed and did it, again.

Now it is saying: “You may buy again in San Diego AFTER OR PAST Winter of 2009”. Guess what, I will – if I certainly feel like it then. I may or I may not. Crystal ball won’t punish me if I disobey.

See, my crystal ball has been reliable in the past. Why would I question it now?

[Nancy_s soothsayer]

I was tickled to see in the picture that the CPA certificate was displayed so prominently for everyone to see. All wannabe-buyers walking through the house would be “proud” to be funding the CPA-seller’s retirement dreams.

My CPA certificate, in comparison, rots in the closet. I am now a proud Stepford wife who does lunch with the country-club ladies.

[Nancy_s soothsayer]

I could add some more favorite myths about San Diego.

4. America’s Finest City — yes, enjoy it now because the water still flows through the Colorado river. But with the Global Warming, water wars will ensue. That Colorado water will turn into a trickle and drought will turn the America’s Finest City to America’s Brownest and Driest City. Soon, the Navy ships would be rationing desalinated water.

[Nancy_s soothsayer]

People in San Diego seem to suffer from ADD. They get so distracted so easily. Focus should be on the Oct. 2007 bulk of subprime implosion. We are only in April 2007, and we should be patient for a few months more. Keep that phony celebration of a soft landing crap out of this blog, please. In 2008, the crashing of prices should commence real hard, that it would be very obvious even to a first grader with real ADD. By October 2009, we can all go and buy cheap houses again in San Diego – that is how optimistic we housing bulls are. Cheap houses for everyone again in 2009. Yeaaay – clap, clap.

[Nancy_s soothsayer]

IrvineRenter,

Bygollygosh, you write so well!!! I could feel the wisdom oozing from that masterpiece you wrote. Thank you. Amen to all of that.

[Nancy_s soothsayer]

IMHO, because Powayseller is an excellent writer – very smart, passionate, analytical, and prolific – there is envy among those who don’t have the same qualifications or energy. It’s okay, we’re only human to feel jealousy and such.

[Nancy_s soothsayer]

The San Diego Daily Transcript (with paid subscription) would tell you the date, time, place, etc. of scheduled auctions way in advance. It even tells you the homedebtor and those with vested interests (the lenders!!! whose reps are definitely going to be at the courthouse steps either bidding or simply carefully watching the bidding process). I think it also tells you the reservation price. I can imagine private parties bidding against lenders who won’t go way below reservation price. Knowing this in advance would probably help bottom-fishers out there. They can contact the homedebtor directly before the scheduled auction, perhaps.

[Nancy_s soothsayer]

Dear Piggingtonians,

The ARMS reset time bomb chart shared by kev374 in a recent thread is analogous to looking at a crystal ball. Please extrapolate away to your own benefit. It says, take cover.

[Nancy_s soothsayer]

Wow! The chart is a verifiable fountain and mountain of information. Thank you so much for bringing it to our radar screen.

I can extrapolate that the option-ARM holders (are these the ones with negative amortization loans?) would just walk away from their obligations once they are required to pay down on the principal of their undervalued POS’s. Maybe they would be the most gainers financially, despite their destroyed FICO scores….

On the 66th month close to year 6 (=666?) from Jan-07 countdown, the pain and suffering would probably be unimaginable for the masses of greater fools who bought in on the greatest ponzi scheme of our lifetime.

Personally, my biggest concern would be: Would my local government pension fund still be around for me to collect? I am aware that this pension fund is involved in over $1Billion of credit derivatives, swaps, or hedge funds. Remember Amaranth?

Good luck to all.

[Nancy_s soothsayer]

In San Diego, before April 10th (the due date of property tax’s second installment), people facing NOD problems without impound accounts would be sleepless thinking which one to pay first – tax or mortgage. For sure, NODs would skyrocket again after this date.

[Nancy_s soothsayer]

sdrealtor, you and me are the same – we are so super MAYABANG. In addition, you are far better.

[Nancy_s soothsayer]

My bout with tonight’s insomnia pushes me to do a drive by hit on this thread. With this state of mind I tend to be a permabull – just shooting off optimism after another.

In my mind, the safest stock to hide your money now from the excitability of high volatility would be in agricultural commodity stock called ADM (Archer Daniel Midland). They’re the biggest wheat and corn warehouse processors in these vast lands of America. Their future game plan is to corner the market on ethanol fuels which others might suggest as being copy-cat to Brazil’s huge success on biofuels. Yeah, highly optimistic vision. 100% proof pure alcohol based on switchgrass, maybe agave?, and corn. I feel drunk (or just really sleepy) typing this.

ADM stock would do well in a recession, methinks. To anyone who gets swayed, I am just a plain Stepford wife who looks at a tiny crystal ball bead. Caveat emptor.

[Author]

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