[one_muggle]

For better or worse, the Chinese are diversifying: Their monetary holdings, their customers, and their labor markets. One day, and it might take ten or twenty years, they will not be so dependent on our economy. It may seem like a ways off, but I suspect we will begin to feel the effects much sooner. They are working on this very hard, and they have much more patience than does the US.
They are becoming rabid capitalists and have enormous growth potential just from their own citizens. Their economy is small, but is growing far faster than the US. If you are a growth investor it is very attractive, thought there is risk of the economy overheating or the gov’t doing something stupid-but hey, that happens here too!
I wouldn’t short them with my lunch money.

-one muggle

[one_muggle]

…loan restrictions and the fact that people don’t want to buy those pretty tulips anymore.

BTW Anyone one to buy my Vegas timeshare or Alpaca farm in Oregon? email me at IM2SCRWD@AOL

Seriously, the condo market in SD is simply toxic. I forget the number, but isn’t there a huge new supply coming on the market in the next couple years? And then there is ARMageddon peaking in a year or so.

Get a good realtor, price ahead of the market downturn and get out now. IMHO single family homes might weather the storm somewhat, but condo’s in SD are tulips.
-one muggle

[one_muggle]

Doubt it will drop below the ~11k mark, and really don’t see it dropping below the 10k mark barring an unforeseeable and significant event–like a nuke going off in London or tsunami hitting Long Beach harbor.
Credit crunches and overheated RE is one thing, but the market isn’t in bad shape–maybe just a bit expensive (P/E-wise) when the new earnings reports roll in over the next 18 months. THe current PE is reasonable, but the ‘E’ part will take a hit during the contraction–already in progress IMHO.

-one muggle

[one_muggle]

SDR,

I’ve noticed many houses that appear on a local MLS, but not on Zip Realty–and vice versa. Also, Realtor.com seems to have an extremely poor update rate, and I find it hard to use since so many homes appear multiple times. Zip’s site also has some multiple listings, but as a consumer, I find it to be the best site for information on available homes. The price history is priceless, as is DOM–which was removed from my local MLS.

I’d never thought to ascribe this to realtor manipulation, but assumed it had something to do with how the databases are cross-referenced (or the lack thereof). I find the multiple database theory much more likely than widespread online manipulation by a group, who with some exceptions, cannot seem to figure out the nuance of their spell checkers.

-one muggle

[one_muggle]

SDR,

I’ve noticed many houses that appear on a local MLS, but not on Zip Realty–and vice versa. Also, Realtor.com seems to have an extremely poor update rate, and I find it hard to use since so many homes appear multiple times. Zip’s site also has some multiple listings, but as a consumer, I find it to be the best site for information on available homes. The price history is priceless, as is DOM–which was removed from my local MLS.

I’d never thought to ascribe this to realtor manipulation, but assumed it had something to do with how the databases are cross-referenced (or the lack thereof). I find the multiple database theory much more likely than widespread online manipulation by a group, who with some exceptions, cannot seem to figure out the nuance of their spell checkers.

-one muggle

[one_muggle]

SDR,

I’ve noticed many houses that appear on a local MLS, but not on Zip Realty–and vice versa. Also, Realtor.com seems to have an extremely poor update rate, and I find it hard to use since so many homes appear multiple times. Zip’s site also has some multiple listings, but as a consumer, I find it to be the best site for information on available homes. The price history is priceless, as is DOM–which was removed from my local MLS.

I’d never thought to ascribe this to realtor manipulation, but assumed it had something to do with how the databases are cross-referenced (or the lack thereof). I find the multiple database theory much more likely than widespread online manipulation by a group, who with some exceptions, cannot seem to figure out the nuance of their spell checkers.

-one muggle

[one_muggle]

I am all for HOA’s too.

I have to admit, I wasn’t sure why people on a housing blog were talking about their HOA’s, but I am sure happy they did.
I never knew you could get one for as little as $42/month.
Mine costs at least that much per hour, and doesn’t even include the cost of the room, never mind cable AND lawn service!
You guys really are progressive.

[one_muggle]

I am all for HOA’s too.

I have to admit, I wasn’t sure why people on a housing blog were talking about their HOA’s, but I am sure happy they did.
I never knew you could get one for as little as $42/month.
Mine costs at least that much per hour, and doesn’t even include the cost of the room, never mind cable AND lawn service!
You guys really are progressive.

[one_muggle]

I am all for HOA’s too.

I have to admit, I wasn’t sure why people on a housing blog were talking about their HOA’s, but I am sure happy they did.
I never knew you could get one for as little as $42/month.
Mine costs at least that much per hour, and doesn’t even include the cost of the room, never mind cable AND lawn service!
You guys really are progressive.

[one_muggle]

I bet she is back on the pole.

Impossible, he’s in jail.

-one muggle

[one_muggle]

I bet she is back on the pole.

Impossible, he’s in jail.

-one muggle

[one_muggle]

I bet she is back on the pole.

Impossible, he’s in jail.

-one muggle

[one_muggle]

Most likely they are smoking tightly rolled commercial paper.

[one_muggle]

Most likely they are smoking tightly rolled commercial paper.

[one_muggle]

Most likely they are smoking tightly rolled commercial paper.

[Author]

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