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June 23, 2007 at 11:16 PM in reply to: San Diego among 5 cities positioned to bounce back the fastest… #61670June 23, 2007 at 11:16 PM in reply to: San Diego among 5 cities positioned to bounce back the fastest… #61709
NotCranky
ParticipantI wish it all didn’t matter so much sometimes.No, I have not been drinking.When will the national obsession with housing, which we bloggers in my opinion have got a bad case of, be over?
Back to the topic:
Article seems irrelevant for all the reasons you all have blogticulated. Housing seems blown out of proportion from every angle.Size,price, from a values systems perspective,emotional energy on it,you name it. I don’t care how it gets back to normal anymore. I just hope it does it soon.ParticipantNo problems Rocky, I am not short anything related, but I am ready for a depression. Thanks to this blog and inciteful posters like you, I will be one of the few people that see it coming and how it is coming, if it does. I have been concerned about a wide reaching economic meltdown for several years. Grandma asked me not to scare the children too much, so I more or less relaxed on it.
ParticipantNo problems Rocky, I am not short anything related, but I am ready for a depression. Thanks to this blog and inciteful posters like you, I will be one of the few people that see it coming and how it is coming, if it does. I have been concerned about a wide reaching economic meltdown for several years. Grandma asked me not to scare the children too much, so I more or less relaxed on it.
ParticipantYou totally misunderstood my comment Rocky.I wasn’t making fun of you. I was making fun of the lack of concerned people you are pointing out. For weeks we have been fighting about religion and schools ect. on the blog. I was poking fun at those of us engaged in that activity.It has gotten so extreme that I thought we could use little teasing about being drunk. No worries, I am not offended by your mistake. You keep doing the heavy work. You are doing a great job. Thanks to you and a few others I get the concept of the hedge fund crisis and I appreciate the edification achieved. It is true I don’t personally worry about pending economic disruptions to a very large degree. I am not that materialistic.I Just hope we don’t end up killing lots of people to get out of it.
ParticipantYou totally misunderstood my comment Rocky.I wasn’t making fun of you. I was making fun of the lack of concerned people you are pointing out. For weeks we have been fighting about religion and schools ect. on the blog. I was poking fun at those of us engaged in that activity.It has gotten so extreme that I thought we could use little teasing about being drunk. No worries, I am not offended by your mistake. You keep doing the heavy work. You are doing a great job. Thanks to you and a few others I get the concept of the hedge fund crisis and I appreciate the edification achieved. It is true I don’t personally worry about pending economic disruptions to a very large degree. I am not that materialistic.I Just hope we don’t end up killing lots of people to get out of it.
ParticipantReligion is the new/old networking tool. A holdover from when the church was the equivalent of government. Religion maintains itself as a branch of government throughout many aspects of world power. Best example is the Vatican.Any historian should see this connection.Why would there be any incentive to dismiss it when you could be hurt socially,politically and economically for doing so, yet there are very little negative consequences for maintaining faith? That same effect carries through all strata of politics and to a lesser degree the business world. The result, phony religious people in all places,political parties, and positions. Add to that the familial associations/pressures and the fact that most people, from any walk of life,are not independent thinker types and you have very little possibility that religion is going to be replaced soon. In fact after the republicans won the white house with a religious platform, it seems the self serving aspect of being religious has made further inroads against higher intelligence/wisdom and even morality.(All lies are immoral)
Best wishesParticipantReligion is the new/old networking tool. A holdover from when the church was the equivalent of government. Religion maintains itself as a branch of government throughout many aspects of world power. Best example is the Vatican.Any historian should see this connection.Why would there be any incentive to dismiss it when you could be hurt socially,politically and economically for doing so, yet there are very little negative consequences for maintaining faith? That same effect carries through all strata of politics and to a lesser degree the business world. The result, phony religious people in all places,political parties, and positions. Add to that the familial associations/pressures and the fact that most people, from any walk of life,are not independent thinker types and you have very little possibility that religion is going to be replaced soon. In fact after the republicans won the white house with a religious platform, it seems the self serving aspect of being religious has made further inroads against higher intelligence/wisdom and even morality.(All lies are immoral)
Best wishesParticipantHello myito,
I am glad you are contributing to this blog. I just wanted to say,because you find it a little bit hostile at times,that this place is tame compared to most other housing bubble blogs.
Your’s truly was banned from Ben Jones’ blog after I fought back against people who obviously hated real estate as an investment class, mostly poor losers. Posters there would anihilate anyone who had positive things to counter the rediculous anti- real estate ramblings. Fight back you get banned.That place is truly an “echo chamber”
What is really funny is that, on this blog , I am one of the most “bearish” people and the other posters have helped me moderate my perspective,slightly, of an impending crash.The people on that other blog would not even wait to see what I had to say. The “blog master” culled diverse opinions from the mix.PS: Everybody on this blog has made mistakes…except bugs:).
ParticipantHello myito,
I am glad you are contributing to this blog. I just wanted to say,because you find it a little bit hostile at times,that this place is tame compared to most other housing bubble blogs.
Your’s truly was banned from Ben Jones’ blog after I fought back against people who obviously hated real estate as an investment class, mostly poor losers. Posters there would anihilate anyone who had positive things to counter the rediculous anti- real estate ramblings. Fight back you get banned.That place is truly an “echo chamber”
What is really funny is that, on this blog , I am one of the most “bearish” people and the other posters have helped me moderate my perspective,slightly, of an impending crash.The people on that other blog would not even wait to see what I had to say. The “blog master” culled diverse opinions from the mix.PS: Everybody on this blog has made mistakes…except bugs:).
Participant“Is this the type of market that you would recommend adding on to your home?”
As sdcellar inferred it depends on your reasoning. Maybe grandma is coming to live with the family, something like that? If they are doing it themselves it doesn’t cost much compared to buying a bigger house some other place.
Obviously in economic terms it makes more sense to buy the worst house in the best neighborhood during a favorable time in the market cycle and bring it up.Participant“Is this the type of market that you would recommend adding on to your home?”
As sdcellar inferred it depends on your reasoning. Maybe grandma is coming to live with the family, something like that? If they are doing it themselves it doesn’t cost much compared to buying a bigger house some other place.
Obviously in economic terms it makes more sense to buy the worst house in the best neighborhood during a favorable time in the market cycle and bring it up.ParticipantRicechex
“It does seem that owning a house is good for retirement, right? Pretty much you are going to be on a fixed income, so a house that is near paid off seems a good idea.”It certainly is to me. I am not one of the people who seems to think that making money and more of it forever is a sure thing. Having a house paid for is a hedge against the possiblity that It becomes very hard to make money some point in time. As a renter you have to pay rent forever where as a an owner at least in theory there comes a day when it just property taxes and insurance.Maintenance,especially cosmetic stuff, is generally more optional than people believe.Buying an overpriced,oversized house in the best neighborhood does not necessarily help accomplish anything towards the goal of establishing that hedge anymore than renting does.
You seem to be making progress toward being mortgage free. My recommendation is to stay conservative buy a house when the timing is better. Keep the one you have and maybe over time, pick up a few more rentals.Sell something once in a while if it helps you get in a better position. If you don’t accomplish it sooner in 15 to 20 years you can be debt free, including rent.
Like you, I also have never made much money.Never inherited a penny.I own a nice home free and clear. I am 44,Mesa College drop out.Yes bubble helped. I am convinced that for not so high earners, owning multiple less expensive homes is smart path, even if you want to stay renting.
ParticipantRicechex
“It does seem that owning a house is good for retirement, right? Pretty much you are going to be on a fixed income, so a house that is near paid off seems a good idea.”It certainly is to me. I am not one of the people who seems to think that making money and more of it forever is a sure thing. Having a house paid for is a hedge against the possiblity that It becomes very hard to make money some point in time. As a renter you have to pay rent forever where as a an owner at least in theory there comes a day when it just property taxes and insurance.Maintenance,especially cosmetic stuff, is generally more optional than people believe.Buying an overpriced,oversized house in the best neighborhood does not necessarily help accomplish anything towards the goal of establishing that hedge anymore than renting does.
You seem to be making progress toward being mortgage free. My recommendation is to stay conservative buy a house when the timing is better. Keep the one you have and maybe over time, pick up a few more rentals.Sell something once in a while if it helps you get in a better position. If you don’t accomplish it sooner in 15 to 20 years you can be debt free, including rent.
Like you, I also have never made much money.Never inherited a penny.I own a nice home free and clear. I am 44,Mesa College drop out.Yes bubble helped. I am convinced that for not so high earners, owning multiple less expensive homes is smart path, even if you want to stay renting.
Participant“God save us now if this creates a domino effect. If more of these CDOs get revalued lower, and you know they are not worth what these firm are claiming they are, we’re in for a real meltdown. A serious meltdown that will take more than the housing industry with it.”
“Eat drink and be merry for tomorrow we shall die.”
From the looks of things, the host of characters on this thread,after skipping the kool-aid, indulged themselves in something stronger!
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