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patientrenter
Participant[quote=FormerSanDiegan][quote=tom]
now, comes the hard part.. actually manage to stop seeking out the info and “let it go” for the time being.[/quote]I have been trying to “let it go” since 1995. I think that tracking real estate as a future, past or current owner (or combinations thereof) is an incurable disease, which many of us suffer.[/quote]
FormerSanDiegan, have you really been looking seriously at RE without buying since 1995? I thought no one came close to how extreme I was.
I don’t think I’ll reveal here, even in the safe Pigg nest, how long I’ve been looking without buying. But I was infected with the “tracking RE” disease before most Piggs were born. It really is incurable.
Participant[quote=FormerSanDiegan][quote=tom]
now, comes the hard part.. actually manage to stop seeking out the info and “let it go” for the time being.[/quote]I have been trying to “let it go” since 1995. I think that tracking real estate as a future, past or current owner (or combinations thereof) is an incurable disease, which many of us suffer.[/quote]
FormerSanDiegan, have you really been looking seriously at RE without buying since 1995? I thought no one came close to how extreme I was.
I don’t think I’ll reveal here, even in the safe Pigg nest, how long I’ve been looking without buying. But I was infected with the “tracking RE” disease before most Piggs were born. It really is incurable.
Participant[quote=FormerSanDiegan][quote=tom]
now, comes the hard part.. actually manage to stop seeking out the info and “let it go” for the time being.[/quote]I have been trying to “let it go” since 1995. I think that tracking real estate as a future, past or current owner (or combinations thereof) is an incurable disease, which many of us suffer.[/quote]
FormerSanDiegan, have you really been looking seriously at RE without buying since 1995? I thought no one came close to how extreme I was.
I don’t think I’ll reveal here, even in the safe Pigg nest, how long I’ve been looking without buying. But I was infected with the “tracking RE” disease before most Piggs were born. It really is incurable.
Participant[quote=Arraya]The Fed is an odd entity….. It is literally private banks controlling the country via threat of financial destruction.
[/quote]Arraya, I don’t know if you actually read the excerpt that jpnpb gave us. Either you didn’t, or you take issue with the interviewee’s assessment of the Fed. The interviewee made it clear that the Fed was an arm of the Federal government, but that the people in it work closely with private bankers, so they can become more or less captive to bankers. It depends on the person. Volcker = 1 outcome. Geithner = another outcome.
But I know that there are people out there who believe that all of their problems come from some secret cabal. If only that cabal could be broken up, all their problems would go away. I am not saying that’s your PoV, Arraya, but some do think that. The world is more complicated.
Participant[quote=Arraya]The Fed is an odd entity….. It is literally private banks controlling the country via threat of financial destruction.
[/quote]Arraya, I don’t know if you actually read the excerpt that jpnpb gave us. Either you didn’t, or you take issue with the interviewee’s assessment of the Fed. The interviewee made it clear that the Fed was an arm of the Federal government, but that the people in it work closely with private bankers, so they can become more or less captive to bankers. It depends on the person. Volcker = 1 outcome. Geithner = another outcome.
But I know that there are people out there who believe that all of their problems come from some secret cabal. If only that cabal could be broken up, all their problems would go away. I am not saying that’s your PoV, Arraya, but some do think that. The world is more complicated.
Participant[quote=Arraya]The Fed is an odd entity….. It is literally private banks controlling the country via threat of financial destruction.
[/quote]Arraya, I don’t know if you actually read the excerpt that jpnpb gave us. Either you didn’t, or you take issue with the interviewee’s assessment of the Fed. The interviewee made it clear that the Fed was an arm of the Federal government, but that the people in it work closely with private bankers, so they can become more or less captive to bankers. It depends on the person. Volcker = 1 outcome. Geithner = another outcome.
But I know that there are people out there who believe that all of their problems come from some secret cabal. If only that cabal could be broken up, all their problems would go away. I am not saying that’s your PoV, Arraya, but some do think that. The world is more complicated.
Participant[quote=Arraya]The Fed is an odd entity….. It is literally private banks controlling the country via threat of financial destruction.
[/quote]Arraya, I don’t know if you actually read the excerpt that jpnpb gave us. Either you didn’t, or you take issue with the interviewee’s assessment of the Fed. The interviewee made it clear that the Fed was an arm of the Federal government, but that the people in it work closely with private bankers, so they can become more or less captive to bankers. It depends on the person. Volcker = 1 outcome. Geithner = another outcome.
But I know that there are people out there who believe that all of their problems come from some secret cabal. If only that cabal could be broken up, all their problems would go away. I am not saying that’s your PoV, Arraya, but some do think that. The world is more complicated.
Participant[quote=Arraya]The Fed is an odd entity….. It is literally private banks controlling the country via threat of financial destruction.
[/quote]Arraya, I don’t know if you actually read the excerpt that jpnpb gave us. Either you didn’t, or you take issue with the interviewee’s assessment of the Fed. The interviewee made it clear that the Fed was an arm of the Federal government, but that the people in it work closely with private bankers, so they can become more or less captive to bankers. It depends on the person. Volcker = 1 outcome. Geithner = another outcome.
But I know that there are people out there who believe that all of their problems come from some secret cabal. If only that cabal could be broken up, all their problems would go away. I am not saying that’s your PoV, Arraya, but some do think that. The world is more complicated.
ParticipantRt 66, would you say that it’s best to only buy things that the people closest to you make? Should that be people in your township only? Or just your family? Or maybe just you?
Why is it best not to buy things from people in other countries if you like them and they are offering them to you at a good price?
ParticipantRt 66, would you say that it’s best to only buy things that the people closest to you make? Should that be people in your township only? Or just your family? Or maybe just you?
Why is it best not to buy things from people in other countries if you like them and they are offering them to you at a good price?
ParticipantRt 66, would you say that it’s best to only buy things that the people closest to you make? Should that be people in your township only? Or just your family? Or maybe just you?
Why is it best not to buy things from people in other countries if you like them and they are offering them to you at a good price?
ParticipantRt 66, would you say that it’s best to only buy things that the people closest to you make? Should that be people in your township only? Or just your family? Or maybe just you?
Why is it best not to buy things from people in other countries if you like them and they are offering them to you at a good price?
ParticipantRt 66, would you say that it’s best to only buy things that the people closest to you make? Should that be people in your township only? Or just your family? Or maybe just you?
Why is it best not to buy things from people in other countries if you like them and they are offering them to you at a good price?
May 5, 2009 at 4:53 PM in reply to: Bloomberg:….U.S. Home prices may be lost for a Generation… #393389Participant[quote=poorgradstudent]We must be near a bottom in the housing market….[/quote]
poor grad student, real estate is cyclical, and the long term values track real nominal consumer prices / wages quite well.
So check the last RE cycle trough. When was it? What what were the prices then? Adjust those prices upwards for increases in nominal CPI or wages.
Now compare those prices to today’s prices. I think prices in SD in general are still higher than they were at the last cycle trough, with some exceptions.
Perhaps this trough will be naturally shallower because the prior boom was not as big? If you go to the trouble to find a chart of the Case-Shiller home price index for SD, you’ll see as plain as day that the boom that precedes this downturn was the biggest on record, by a wide margin. The only way the trough won’t go deeper than the 1996 trough is if the govt intervenes massively. They are, but how much can it overcome natural economic forces?I would be very careful before drawing quick conclusions that we’ve reached a bottom.
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