[NeetaT]

“Come on Neeta are you F*cking kidding me???? Have you had your head in the sand since march? Over 90 subprime lenders are dead. Have you not heard about the CDO issues in the news and what’s happening with Bear Stearns????”

give me a break.

JWM,

None of your observations, although correct, matter to me unless it causes prices to drop. I’m looking for deflation. All I see is run away inflation to which the Fed does not want to admit to, because that means defending the Dollar with high interest rates. I love high interest rates, but the majority does not, because that cuts into their spending habits.

[NeetaT]

“Come on Neeta are you F*cking kidding me???? Have you had your head in the sand since march? Over 90 subprime lenders are dead. Have you not heard about the CDO issues in the news and what’s happening with Bear Stearns????”

give me a break.

JWM,

None of your observations, although correct, matter to me unless it causes prices to drop. I’m looking for deflation. All I see is run away inflation to which the Fed does not want to admit to, because that means defending the Dollar with high interest rates. I love high interest rates, but the majority does not, because that cuts into their spending habits.

[NeetaT]

There seems to be just as much corroborating information to support Scruffydog’s comments as there is for ours. I’m just trying to be unbiased, but to be honest I must say that I am a little biased on the side of the Piggington’s as far as house prices. I would say 60% Piggington and 40% Scruffydog. As far as people having money, there is no doubt that people have money and a lot of it. Maybe I should say buying power which is probably more accurate. Buying power is what counts seeing that it sets the tone for upward movement in prices. Credit / Dept contraction theory has been around for a long time and nothing in the way of a crises has happened. Don’t get me wrong I am set up financially in such a way that I would benefit immensely in a depression scenario, but when is the big question.

[NeetaT]

There seems to be just as much corroborating information to support Scruffydog’s comments as there is for ours. I’m just trying to be unbiased, but to be honest I must say that I am a little biased on the side of the Piggington’s as far as house prices. I would say 60% Piggington and 40% Scruffydog. As far as people having money, there is no doubt that people have money and a lot of it. Maybe I should say buying power which is probably more accurate. Buying power is what counts seeing that it sets the tone for upward movement in prices. Credit / Dept contraction theory has been around for a long time and nothing in the way of a crises has happened. Don’t get me wrong I am set up financially in such a way that I would benefit immensely in a depression scenario, but when is the big question.

[NeetaT]

I concur with “scruffydog” about his comment on how people are spending money like crazy. I too have trouble finding parking space at malls and I can’t seem to get in restaurants either. As for his comments on housing, well, all I can say is that I just don’t see prices dropping like you would think. It seems as though people are getting wealthier and wealthier thus pushing prices up. I too hope for falling prices, but I feel that I am hoping against hope. “hipmatt,” your observations are astute. I concur with you on what should happen as a result of your conclusions, but I just don’t see it. Maybe I’m oblivious.

[NeetaT]

I concur with “scruffydog” about his comment on how people are spending money like crazy. I too have trouble finding parking space at malls and I can’t seem to get in restaurants either. As for his comments on housing, well, all I can say is that I just don’t see prices dropping like you would think. It seems as though people are getting wealthier and wealthier thus pushing prices up. I too hope for falling prices, but I feel that I am hoping against hope. “hipmatt,” your observations are astute. I concur with you on what should happen as a result of your conclusions, but I just don’t see it. Maybe I’m oblivious.

[NeetaT]

No!!!!!

[NeetaT]

No!!!!!

[NeetaT]

First of all, I can commiserate with you. I understand your situation and feel that a lot of people feel the way you do including me. The simple fact is that inflation is caused by easy credit. People like you and me who are responsible with our money can’t compete with those irresponsible people who borrow money for purchases. They are able to promiscuously borrow just about any amount thus bidding up the price on just about everything. This is the reason why people like us actually prosper when interest rates go up. The higher the interest rate the less purchasing power these idiots have thus prices must fall. So wish for those double digit interest rates.

[NeetaT]

First of all, I can commiserate with you. I understand your situation and feel that a lot of people feel the way you do including me. The simple fact is that inflation is caused by easy credit. People like you and me who are responsible with our money can’t compete with those irresponsible people who borrow money for purchases. They are able to promiscuously borrow just about any amount thus bidding up the price on just about everything. This is the reason why people like us actually prosper when interest rates go up. The higher the interest rate the less purchasing power these idiots have thus prices must fall. So wish for those double digit interest rates.

[NeetaT]

Insurance, no wonder. Everyone knows it’s an unscrupulous business known for ripping people off and collecting inordinate premiums.

[NeetaT]

Insurance, no wonder. Everyone knows it’s an unscrupulous business known for ripping people off and collecting inordinate premiums.

[NeetaT]

I low-ball even if it’s a seller’s market.

[NeetaT]

I low-ball even if it’s a seller’s market.

[NeetaT]

So that narrows it down. When I move out to San Diego two years from now, I will look only at the listings that show one price and assume OBO.

[Author]

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