[Nancy_s soothsayer]

This topic I like much!

I bought a house in the middle of two T-junctions like this: [–$*$–]; it has brought me so much good luck, so far. Sometimes I imagine I am the female version of Forrest Gump; destiny keeps dumping blessings and good luck along the way despite long odds. Good karma – please keep them coming.

Now do I have to convince the husband to lop off that young tree nicely growing but facing the front door?

If all the stars align again beautifully, we will close on a second house very near downtown Austin around beginning of November at the lowest-record locked fixed rates at $67/sq ft, brand new, stone/brick elevation, and all-appliances included.

Rationale for buying? The 401K plan has become untrustworthy, in my eyes. The house substitutes as a 401K-savings vehicle from now on.

Wish me luck – oh lucky stars (and PIGGS!)

[Nancy_s soothsayer]

This topic I like much!

I bought a house in the middle of two T-junctions like this: [–$*$–]; it has brought me so much good luck, so far. Sometimes I imagine I am the female version of Forrest Gump; destiny keeps dumping blessings and good luck along the way despite long odds. Good karma – please keep them coming.

Now do I have to convince the husband to lop off that young tree nicely growing but facing the front door?

If all the stars align again beautifully, we will close on a second house very near downtown Austin around beginning of November at the lowest-record locked fixed rates at $67/sq ft, brand new, stone/brick elevation, and all-appliances included.

Rationale for buying? The 401K plan has become untrustworthy, in my eyes. The house substitutes as a 401K-savings vehicle from now on.

Wish me luck – oh lucky stars (and PIGGS!)

[Nancy_s soothsayer]

I was very sure of the clarity of what my crystal ball said way back in 2005, and I shared that with all here and was treated as a nut case (who cares, right?)that with concrete action and total trust to its predictions, I confided here that I sold my San Diego house at the peak – Oct. 2005. Then I fled to Austin, Texas, where we are currently enjoying one of the lowest unemployment rates among the biggest states in U.S. With no income tax Austin is a great place for tech jobs. We are also currently enjoying one of the biggest parties anywhere, better than Bourbon St., South by Southwest.

Too bad for San Diego for it is currently unravelling, and so many people there are up to their eyeballs in debt for a loooooooong time. The equity is gone but the debt stays almost forever.

My crystal ball also predicted, and I have made requests for pension fund managers to get out of MBS, CMO, and CDO garbages waaaaay back when many years ago, that defined-benefit pension plans would suffer huge setbacks. Sure enough – the huge chunks that were lost by the County of San Diego pension fund bears the fruition of such a prediction. The chief investment officer had gone buh-bye after $2+Billion chunk had evaporated. Could you imagine working for how so many many years to get vested and then suddenly finding out that your pension plan promised to you might be gutted when the time comes to collect?

Was it good to sell at the top of the bubble to sock away retirement money in safe CD’s because the pension plans might face trouble in another Great Depression? Hell YEAH! My crystal ball predictions were right.

[Nancy_s soothsayer]

I was very sure of the clarity of what my crystal ball said way back in 2005, and I shared that with all here and was treated as a nut case (who cares, right?)that with concrete action and total trust to its predictions, I confided here that I sold my San Diego house at the peak – Oct. 2005. Then I fled to Austin, Texas, where we are currently enjoying one of the lowest unemployment rates among the biggest states in U.S. With no income tax Austin is a great place for tech jobs. We are also currently enjoying one of the biggest parties anywhere, better than Bourbon St., South by Southwest.

Too bad for San Diego for it is currently unravelling, and so many people there are up to their eyeballs in debt for a loooooooong time. The equity is gone but the debt stays almost forever.

My crystal ball also predicted, and I have made requests for pension fund managers to get out of MBS, CMO, and CDO garbages waaaaay back when many years ago, that defined-benefit pension plans would suffer huge setbacks. Sure enough – the huge chunks that were lost by the County of San Diego pension fund bears the fruition of such a prediction. The chief investment officer had gone buh-bye after $2+Billion chunk had evaporated. Could you imagine working for how so many many years to get vested and then suddenly finding out that your pension plan promised to you might be gutted when the time comes to collect?

Was it good to sell at the top of the bubble to sock away retirement money in safe CD’s because the pension plans might face trouble in another Great Depression? Hell YEAH! My crystal ball predictions were right.

[Nancy_s soothsayer]

I was very sure of the clarity of what my crystal ball said way back in 2005, and I shared that with all here and was treated as a nut case (who cares, right?)that with concrete action and total trust to its predictions, I confided here that I sold my San Diego house at the peak – Oct. 2005. Then I fled to Austin, Texas, where we are currently enjoying one of the lowest unemployment rates among the biggest states in U.S. With no income tax Austin is a great place for tech jobs. We are also currently enjoying one of the biggest parties anywhere, better than Bourbon St., South by Southwest.

Too bad for San Diego for it is currently unravelling, and so many people there are up to their eyeballs in debt for a loooooooong time. The equity is gone but the debt stays almost forever.

My crystal ball also predicted, and I have made requests for pension fund managers to get out of MBS, CMO, and CDO garbages waaaaay back when many years ago, that defined-benefit pension plans would suffer huge setbacks. Sure enough – the huge chunks that were lost by the County of San Diego pension fund bears the fruition of such a prediction. The chief investment officer had gone buh-bye after $2+Billion chunk had evaporated. Could you imagine working for how so many many years to get vested and then suddenly finding out that your pension plan promised to you might be gutted when the time comes to collect?

Was it good to sell at the top of the bubble to sock away retirement money in safe CD’s because the pension plans might face trouble in another Great Depression? Hell YEAH! My crystal ball predictions were right.

[Nancy_s soothsayer]

I was very sure of the clarity of what my crystal ball said way back in 2005, and I shared that with all here and was treated as a nut case (who cares, right?)that with concrete action and total trust to its predictions, I confided here that I sold my San Diego house at the peak – Oct. 2005. Then I fled to Austin, Texas, where we are currently enjoying one of the lowest unemployment rates among the biggest states in U.S. With no income tax Austin is a great place for tech jobs. We are also currently enjoying one of the biggest parties anywhere, better than Bourbon St., South by Southwest.

Too bad for San Diego for it is currently unravelling, and so many people there are up to their eyeballs in debt for a loooooooong time. The equity is gone but the debt stays almost forever.

My crystal ball also predicted, and I have made requests for pension fund managers to get out of MBS, CMO, and CDO garbages waaaaay back when many years ago, that defined-benefit pension plans would suffer huge setbacks. Sure enough – the huge chunks that were lost by the County of San Diego pension fund bears the fruition of such a prediction. The chief investment officer had gone buh-bye after $2+Billion chunk had evaporated. Could you imagine working for how so many many years to get vested and then suddenly finding out that your pension plan promised to you might be gutted when the time comes to collect?

Was it good to sell at the top of the bubble to sock away retirement money in safe CD’s because the pension plans might face trouble in another Great Depression? Hell YEAH! My crystal ball predictions were right.

[Nancy_s soothsayer]

I was very sure of the clarity of what my crystal ball said way back in 2005, and I shared that with all here and was treated as a nut case (who cares, right?)that with concrete action and total trust to its predictions, I confided here that I sold my San Diego house at the peak – Oct. 2005. Then I fled to Austin, Texas, where we are currently enjoying one of the lowest unemployment rates among the biggest states in U.S. With no income tax Austin is a great place for tech jobs. We are also currently enjoying one of the biggest parties anywhere, better than Bourbon St., South by Southwest.

Too bad for San Diego for it is currently unravelling, and so many people there are up to their eyeballs in debt for a loooooooong time. The equity is gone but the debt stays almost forever.

My crystal ball also predicted, and I have made requests for pension fund managers to get out of MBS, CMO, and CDO garbages waaaaay back when many years ago, that defined-benefit pension plans would suffer huge setbacks. Sure enough – the huge chunks that were lost by the County of San Diego pension fund bears the fruition of such a prediction. The chief investment officer had gone buh-bye after $2+Billion chunk had evaporated. Could you imagine working for how so many many years to get vested and then suddenly finding out that your pension plan promised to you might be gutted when the time comes to collect?

Was it good to sell at the top of the bubble to sock away retirement money in safe CD’s because the pension plans might face trouble in another Great Depression? Hell YEAH! My crystal ball predictions were right.

[Nancy_s soothsayer]

I agree with Mr. capeman. The 4.25 years could turn out conservative. Many high-income salaried fools in San Diego bought multiple homes at the peak and will help fulfill that inventory statistic in the near future.

[Nancy_s soothsayer]

I agree with Mr. capeman. The 4.25 years could turn out conservative. Many high-income salaried fools in San Diego bought multiple homes at the peak and will help fulfill that inventory statistic in the near future.

[Nancy_s soothsayer]

I agree with Mr. capeman. The 4.25 years could turn out conservative. Many high-income salaried fools in San Diego bought multiple homes at the peak and will help fulfill that inventory statistic in the near future.

[Nancy_s soothsayer]

I agree with Mr. capeman. The 4.25 years could turn out conservative. Many high-income salaried fools in San Diego bought multiple homes at the peak and will help fulfill that inventory statistic in the near future.

[Nancy_s soothsayer]

I agree with Mr. capeman. The 4.25 years could turn out conservative. Many high-income salaried fools in San Diego bought multiple homes at the peak and will help fulfill that inventory statistic in the near future.

[Nancy_s soothsayer]

I know two households in San Diego who HELOC’ed their primary homes in order to buy second homes, again in San Diego, in 2004-2005. They were totally convinced the gamble would pay off big time returns. There would be three scenarios I can think of:

1. Lets say if they and many others moved to the newly bought homes in 2006 and rented off the older homes for three years until 2009, they would still qualify under the 2-out-of-five years of free capital gains tax on the older house. They would look at selling the older house in 2009, conservatively, because longer term payments on two depreciating houses would cause a lot of economic damage to their net worth. Therefore, listing inventory would be high in 2009. That’s good for buyers looking to buy in 2009.

2. If they and many others decide to give up the newer house after living in it for two years (2006 and 2007) and move back to original house, they could try and rent out the newer house for three more years till 2010 and still qualify under the same tax-free law. But they must sell the newer house in 2010, adding to 2010 inventory.

3. Here’s what I like – after they finally come to realize any moment now that the multi-home gamble is a total loss, even if they wait another five years, they go back to the original house and sell the pricier, newer house this year or next. Second half of 2008 listing inventory and next year’s will be high.

I say, like in my past predictions, that after October 2009, many of these San Diego multi-home fools would have made up their minds already. Listing inventory will be high any way you slice it.

[Nancy_s soothsayer]

I know two households in San Diego who HELOC’ed their primary homes in order to buy second homes, again in San Diego, in 2004-2005. They were totally convinced the gamble would pay off big time returns. There would be three scenarios I can think of:

1. Lets say if they and many others moved to the newly bought homes in 2006 and rented off the older homes for three years until 2009, they would still qualify under the 2-out-of-five years of free capital gains tax on the older house. They would look at selling the older house in 2009, conservatively, because longer term payments on two depreciating houses would cause a lot of economic damage to their net worth. Therefore, listing inventory would be high in 2009. That’s good for buyers looking to buy in 2009.

2. If they and many others decide to give up the newer house after living in it for two years (2006 and 2007) and move back to original house, they could try and rent out the newer house for three more years till 2010 and still qualify under the same tax-free law. But they must sell the newer house in 2010, adding to 2010 inventory.

3. Here’s what I like – after they finally come to realize any moment now that the multi-home gamble is a total loss, even if they wait another five years, they go back to the original house and sell the pricier, newer house this year or next. Second half of 2008 listing inventory and next year’s will be high.

I say, like in my past predictions, that after October 2009, many of these San Diego multi-home fools would have made up their minds already. Listing inventory will be high any way you slice it.

[Nancy_s soothsayer]

I know two households in San Diego who HELOC’ed their primary homes in order to buy second homes, again in San Diego, in 2004-2005. They were totally convinced the gamble would pay off big time returns. There would be three scenarios I can think of:

1. Lets say if they and many others moved to the newly bought homes in 2006 and rented off the older homes for three years until 2009, they would still qualify under the 2-out-of-five years of free capital gains tax on the older house. They would look at selling the older house in 2009, conservatively, because longer term payments on two depreciating houses would cause a lot of economic damage to their net worth. Therefore, listing inventory would be high in 2009. That’s good for buyers looking to buy in 2009.

2. If they and many others decide to give up the newer house after living in it for two years (2006 and 2007) and move back to original house, they could try and rent out the newer house for three more years till 2010 and still qualify under the same tax-free law. But they must sell the newer house in 2010, adding to 2010 inventory.

3. Here’s what I like – after they finally come to realize any moment now that the multi-home gamble is a total loss, even if they wait another five years, they go back to the original house and sell the pricier, newer house this year or next. Second half of 2008 listing inventory and next year’s will be high.

I say, like in my past predictions, that after October 2009, many of these San Diego multi-home fools would have made up their minds already. Listing inventory will be high any way you slice it.

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