Forum Replies Created
-
AuthorPosts
-
one_muggle
ParticipantBTW: Money.com lists the best salary/cost-of-living every year or so and keeps putting Raleigh NC, and recently Charlotte NC on the list. I love Raleigh, not too fond of Charlotte.
Also, I spent some time in Tucson, back in the early 90’s, near the university. Fun place, great people–there is (or was) a bagel place next to a pizza place both run by two Long Islanders, which has the best bagels and pizza in the world, so it’s pretty good.
On the con side, I couldn’t take the total lack of water. My bro loves it there though.Ever check out the pacific northwest? I am looking at it as an escape route if the decent 3/2 homes in my neck of the woods don’t drop a good chunk below their not-quite-seven figure mark, though that is looking less and less likely every day.
-one muggle
ParticipantBTW: Money.com lists the best salary/cost-of-living every year or so and keeps putting Raleigh NC, and recently Charlotte NC on the list. I love Raleigh, not too fond of Charlotte.
Also, I spent some time in Tucson, back in the early 90’s, near the university. Fun place, great people–there is (or was) a bagel place next to a pizza place both run by two Long Islanders, which has the best bagels and pizza in the world, so it’s pretty good.
On the con side, I couldn’t take the total lack of water. My bro loves it there though.Ever check out the pacific northwest? I am looking at it as an escape route if the decent 3/2 homes in my neck of the woods don’t drop a good chunk below their not-quite-seven figure mark, though that is looking less and less likely every day.
-one muggle
Participant“So you have to ask yourself what side of the downturn we are in, the beginning, middle or end.” –SD R
Does anyone really believe this is anything but the beginning?
I know SD has been flat or negative (on some measures) since April 05(?), but the main body of the exploding souffle (aka the housing economy) has yet to arc over and succumb to the harsh mistress of gravity, let alone land with a satisfying splut. Me, I’m waiting for the splut.(But I still worry about anyone gambling with their primary residence–especially people who need to ask for advice from a blog–no offense intended, but I know some fairly savvy people who still won’t gamble their own home. If you still want to do it, just make sure that you can survive, financially and personally, any downsides–then good luck to you.)
-one muggle
Participant“So you have to ask yourself what side of the downturn we are in, the beginning, middle or end.” –SD R
Does anyone really believe this is anything but the beginning?
I know SD has been flat or negative (on some measures) since April 05(?), but the main body of the exploding souffle (aka the housing economy) has yet to arc over and succumb to the harsh mistress of gravity, let alone land with a satisfying splut. Me, I’m waiting for the splut.(But I still worry about anyone gambling with their primary residence–especially people who need to ask for advice from a blog–no offense intended, but I know some fairly savvy people who still won’t gamble their own home. If you still want to do it, just make sure that you can survive, financially and personally, any downsides–then good luck to you.)
-one muggle
Participant“So you have to ask yourself what side of the downturn we are in, the beginning, middle or end.” –SD R
Does anyone really believe this is anything but the beginning?
I know SD has been flat or negative (on some measures) since April 05(?), but the main body of the exploding souffle (aka the housing economy) has yet to arc over and succumb to the harsh mistress of gravity, let alone land with a satisfying splut. Me, I’m waiting for the splut.(But I still worry about anyone gambling with their primary residence–especially people who need to ask for advice from a blog–no offense intended, but I know some fairly savvy people who still won’t gamble their own home. If you still want to do it, just make sure that you can survive, financially and personally, any downsides–then good luck to you.)
-one muggle
ParticipantAffordability calculators don’t use random numbers, they are formulas to predict successful repayment.
Does this mean that with the return of actual risk estimates the number of jobs lost in RE, will be balanced by all the actuaries getting their jobs back? Jinkies.
-one muggle
ParticipantAffordability calculators don’t use random numbers, they are formulas to predict successful repayment.
Does this mean that with the return of actual risk estimates the number of jobs lost in RE, will be balanced by all the actuaries getting their jobs back? Jinkies.
-one muggle
ParticipantAffordability calculators don’t use random numbers, they are formulas to predict successful repayment.
Does this mean that with the return of actual risk estimates the number of jobs lost in RE, will be balanced by all the actuaries getting their jobs back? Jinkies.
-one muggle
Participant4. “How long can we continue to put off eventual repayment of our collective debts?”
From what I understand, the USG does not and cannot invest or save money, at least in any traditional way. Sure it can “invest” in R&D or infrastructure, but it does not have a vehicle in which to put money aside. The fed may insert or remove money from supply, but this is not the same as, say buying stock in IBM or a CD. There is no lockbox, the funds received are spent, and some of it is spent to service debt.
Uncle Sam can (and should) limit how much debt it takes on, because the future debt service can become manageable, but it cannot set money aside for the future, except by paying down existing debt.
The Chinese government is actually quite an active capitalist, since it owns several profitable businesses, but that is socialism, which we don’t do because we are capitalists… But thinking about that makes my head hurt. Damned commies, can’t they do anything right!-one muggle
Participant4. “How long can we continue to put off eventual repayment of our collective debts?”
From what I understand, the USG does not and cannot invest or save money, at least in any traditional way. Sure it can “invest” in R&D or infrastructure, but it does not have a vehicle in which to put money aside. The fed may insert or remove money from supply, but this is not the same as, say buying stock in IBM or a CD. There is no lockbox, the funds received are spent, and some of it is spent to service debt.
Uncle Sam can (and should) limit how much debt it takes on, because the future debt service can become manageable, but it cannot set money aside for the future, except by paying down existing debt.
The Chinese government is actually quite an active capitalist, since it owns several profitable businesses, but that is socialism, which we don’t do because we are capitalists… But thinking about that makes my head hurt. Damned commies, can’t they do anything right!-one muggle
Participant4. “How long can we continue to put off eventual repayment of our collective debts?”
From what I understand, the USG does not and cannot invest or save money, at least in any traditional way. Sure it can “invest” in R&D or infrastructure, but it does not have a vehicle in which to put money aside. The fed may insert or remove money from supply, but this is not the same as, say buying stock in IBM or a CD. There is no lockbox, the funds received are spent, and some of it is spent to service debt.
Uncle Sam can (and should) limit how much debt it takes on, because the future debt service can become manageable, but it cannot set money aside for the future, except by paying down existing debt.
The Chinese government is actually quite an active capitalist, since it owns several profitable businesses, but that is socialism, which we don’t do because we are capitalists… But thinking about that makes my head hurt. Damned commies, can’t they do anything right!-one muggle
ParticipantRustico,
No, not complaining. Just commenting on how eclectic and interesting a place is SoCal.And yes, I tend do tend to wander, both geographically and metaphysically. Maybe one of these days I will make it to a non-metro area.
-one muggle
ParticipantRustico,
No, not complaining. Just commenting on how eclectic and interesting a place is SoCal.And yes, I tend do tend to wander, both geographically and metaphysically. Maybe one of these days I will make it to a non-metro area.
-one muggle
ParticipantRustico,
No, not complaining. Just commenting on how eclectic and interesting a place is SoCal.And yes, I tend do tend to wander, both geographically and metaphysically. Maybe one of these days I will make it to a non-metro area.
-one muggle
-
AuthorPosts
