[Nancy_s soothsayer]

Guys, it is ONLY 2006.

Please wait till 2007 for Foreclosure Heaven
Even better in 2008 Blood on the Street
In 2009, Finally make up your mind to definitely buy…
In 2010 San Diego (AND STOCKS) are Cheap Again.

[Nancy_s soothsayer]

With my own observation of this region around Austin (especially in between Austin and Corpus Christi), the area near the corridors of I-35 is exploding in commercial and housing construction. Tractors, pipes, construction crews are everywhere. People in these areas, the “insiders”, must know something about the monstrous NAFTA highway being planned. The Public was invited to attend an informational seminar sometime ago, published in the Austin newspapers, about massive infusion of funds to develop I-35 into four-football-field-wide-mega-super-huge highway to accommodate all possible imports from Asia. (Exaggerating, of course). I sunk a portion of my profits selling a house in San Diego into buying a $70.00 per square-ft brand new house just built by Centex. White Texas Bricks on 3 sides. What an incredible deal! In this town where the house is located, a signpost said population is around 6,000. Well, as soon as the census gets completed, I have a feeling the signpost should be adjusted to 106,000. Within the last three years, this town just “exploded” in size. Home Depot, Wal-Mart and HEB are competing with each other building the most massive commercial retail sites I have ever seen. Their buildings are all made out of bricks, too. Beautiful structures.

I think it is true that Texas is moving up, up, up and away to the big sky of PROGRESS.

[Nancy_s soothsayer]

When the stock market is hitting its all-time record high, it is time for me to sell. I just sold my stocks in Pfizer, Verizon, and American Electric. I am keeping my foreign ADR’s (Honda, Mittal, Consol, etc.). I am also keeping mutual funds (example: EuroPacific Growth) in foreign stocks. Why not sell high today, park the money somewhere in CD or Treasury bills, and probably buy again around October 2007? Of course, my guesstimate could be wrong. Fire away?

[Nancy_s soothsayer]

This soothsayer has insight, especially for JES. Think San Marcos, Texas – not San Marcos, California. Texas State San Marcos has the most beautiful Texas “hot” ladies sunbathing near the abundantly clear waters of Edwards aquifer/San Marcos river. Houses that are brand new along the I-35 corridor and which are “hot” and exploding in buyer demand go for something like $150K for more than 2,000 sq feet. Same house in San Diego would fetch 800K, according to my crystal ball. Go figure.

[Nancy_s soothsayer]

For three weeks in December 2005, we drove around state of Florida to have a feel of the real estate market. We saw the devastation brought by the hurricanes and got scared of the idea of ever buying a stick-built house in the state. If we ever buy one in the state, it has to be made in solid concrete (hollow blocks reinforced with rebars cemented together, perhaps) a little bit inland and away from the shores. It is also not good to build houses in sandspits and barrier islands which it seemed a lot of people did. We saw houses buried in sands. Inspite of the risks, for retirement, we still love the areas in Clearwater, Panama City, and Pensacola because the beaches are just so incredibly beautiful.

[Nancy_s soothsayer]

Amazing. That is exactly what they call “housing ATM” because they milked the house for all its worth. Who is the greater fool who will buy it now? Then again, there are countless of other San Diegans who are probably still not aware that the housing market is now tanking and a greater delusional fool will step in shortly. Charter One Bank will try its best to find one. Pity.

[Nancy_s soothsayer]

I, for one, am very thankful of PowaySeller’s posts. I mirror the sentiments expressed by Colombo. Sometimes I entertain the idea that if only Powayseller were a woman posting under a man’s name (like Brock or Butch or Robert), she probably would not get so much ad hominem arguments and flak. Agressiveness, bluntness and such – these probably would not come into the equation if she were “Rambo” instead because, IMHO, males can be excused easily for showing blatant agressiveness. Am I being sexist? OhmyGoat! I did not intend to go this road… Please excuse me for bringing it up. I need to go to sleep now!!!

[Nancy_s soothsayer]

I think FB means F@ck@d Borrower and this originated from one of the earliest blogsites I chanced upon around the beginning of 2005 when I was starting to feel very scared that my POS in San Diego was going to decline in value soon. The blogsite bore the same name (e.g., “Another F@ck@d Borrower” or something like that.) Later on in 2005 or in 2006, the host or blog-owner either suffered incredible boredom (ennui?)or some other personal distraction that took him away from daily postings about his encounters with FB’s. He was (or still is) in the lending business. I miss him (colorful character and passion in print)and his blogs. Because of his blog and of others’, I put my house for sale in mid-2005 and sold.

The blogs similar to this one are truly incredible in giving validation to intuitions or hunches that might give one better odds in the astute mastery of probabilities. After I realized this, I ended my subscriptions to business magazines and journals like Businessweek, Forbes, SD Union-Tribune, and WSJournal. Waste of money for those mainstream media if you can find very informative blogs like this which are honestly way ahead of the curve. To me, the MSM are so behind the curve after reading blogs. Of course, there is the matter of blog selection to cater to one’s tastes. I love blogs now. The best part – they’re FREE!!

Thank you to all the great minds out there who are so generous in posting what data they have plus their great comments and conclusions. Added bonuses are their strong opinions and prognostications. Life is never boring with their predictions too. I don’t mind if predictions are sometimes way-over-there, I just take those that I like and ignore those that I don’t. Simple as that.

[Nancy_s soothsayer]

Thank you rseiser. That was an excellent post! I truly enjoyed reading it.

[Nancy_s soothsayer]

The H1-B visa is just another method to increase the number of slave-work in order for the CEO’s to reap more rewards to justify their 100x salaries vs. peons’. Bottom line is downward pressure on salaries and greater profits for CEO’s. The rich get richer and the poor, poorer. The short-sighted say, “Prices for goods get cheaper.” Yeah, in the short term. But in the long term, even cheap prices become unafordable to the toiling masses with slave-wage salaries. Just go to the third-world countries. The rich are super-rich, and the poor are slaves. Why don’t we hire children again, scrap child labor laws, to reduce prices further?

My best friend is a H1-B visa nurse from a thirld world country. As soon as she got her green card, she petitioned her parents to come to the US. Then her parents petitioned her 5 siblings. The parents and siblings are not professionals. The parents and a few sibs are now on the dole. America is so great!

[Nancy_s soothsayer]

Bravo! Wow… I am awed, inspired and amazed at the supreme intelligence and class shown by davelj. Top of the food chain. Cream of the crop. Davelj — you must have been valedictorian (Summa Cum Laude?) from Yale, Princeton or Harvard Business School. My hats to you. You win again. You Tarzan, me jane, you win again. –End of line—

[Nancy_s soothsayer]

davelj–

ok..ok.. you win. You are Warren Buffett, I am not. I have few words, you have tons! You are editor of Wall Street Journal, I am unknown blogger. You Tarzan, me jane. You win. Enough with your obsession with Powayseller. It is getting boring.

[Nancy_s soothsayer]

What I got from davelj is that in order to “sound” “like” “a” “consultant” or “analyst”, “you” “have” “to” “talk” “round and round” in circles”, saying statements “like:” “Sometimes they’re right; sometimes they’re wrong.” It sure sounds very professional, particulary dwelling in syntax and semantics and perfect “grammer.” Professor Higgins preaching to Eliza Doolittle did not sound as condescending as davelj to PS.

Just you wait and see, Professor Higgins!

[Nancy_s soothsayer]

If the gist of this thread is to personally attack those who make bold predictions, then I totally disagree with the mean intent.

I admire those people who stick their necks out and make their strong opinions/predictions heard. If we live in a world dominated by “chickens” and cowards, how boring and backward the world would be.

A few seem to speak from both sides of their mouths like some slick politicians with long verbose paragraphs. I get frustrated reading their long posts but essentially NOTHING was really said. They say, “on the one hand, blah..blah.. and then, on the other hand, blah..blah.. and then NOTHING. No strong or bold preditions, conclusions, or opinions to separate them from the mundane or mediocre. Then they have the gall to criticize those who do.

“The right side of the fence is this and the left side of the fence is that, but I am so superior I can point that out. Meanwhile, I am sitting pretty stuck on the fence.

“This is white, this is black and I am so smart I know the difference. Personally I will stick with the gray area because I am chicken and I might get slammed if I have a strong opinion.”

Get over it.

[Nancy_s soothsayer]

I’m not one to brag –just could not help it… I was able to time the market with pure luck on my side.

I bought a San Diego house in April 1996 after asking for a deep discount from the seller who could not unload the house after sitting vacant on the market more than 6 months (asking price: $160,000, paid $133,000). I bought at dip of the market.

I sold the same house in October 2005 for $500K – sold at near top of the market. The house was fully paid when I sold, so all proceeds from sale was pure equity/profit. I thank my lucky stars and my guardian angel (of course) for the perfect market timing.

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