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patientrenter
Participantsdr, you did kinda leave a question open with that comment that your friend doesn’t see a lot more REOs coming on the market any time soon. What made him say that? (I assume you asked him, being curious.)
Participantsdr, you did kinda leave a question open with that comment that your friend doesn’t see a lot more REOs coming on the market any time soon. What made him say that? (I assume you asked him, being curious.)
Participantsdr, you did kinda leave a question open with that comment that your friend doesn’t see a lot more REOs coming on the market any time soon. What made him say that? (I assume you asked him, being curious.)
Participant[quote=Nor-LA-SD-guy]
I have traveled quite a bit because of my job, both in the U.S.A. and international, Boston, Jersey, Florida, Georgia , Austin TX or many other often touted places , Germany , France, England, China, Puerto Rico, Mexico, Trinidad and Tobago etc…
Trust me I would rather live in Temecula valley than the best cities in those states and countries, (although I did like some parts of south Florida, as it seems very much like SoCal in many ways).
But to each their own, Good luck in your move if that is what you are getting to
[/quote]
Open-minded! (And I know Temecula well, and quite like it, along with many spots in the other areas you mention.)
I moved from So Cal 2008 even though I could see RE prices were about to become affordable for me there. Better job. If you’re flexible, and your income goes above a certain level, you can live nicely just about anywhere.
Participant[quote=Nor-LA-SD-guy]
I have traveled quite a bit because of my job, both in the U.S.A. and international, Boston, Jersey, Florida, Georgia , Austin TX or many other often touted places , Germany , France, England, China, Puerto Rico, Mexico, Trinidad and Tobago etc…
Trust me I would rather live in Temecula valley than the best cities in those states and countries, (although I did like some parts of south Florida, as it seems very much like SoCal in many ways).
But to each their own, Good luck in your move if that is what you are getting to
[/quote]
Open-minded! (And I know Temecula well, and quite like it, along with many spots in the other areas you mention.)
I moved from So Cal 2008 even though I could see RE prices were about to become affordable for me there. Better job. If you’re flexible, and your income goes above a certain level, you can live nicely just about anywhere.
Participant[quote=Nor-LA-SD-guy]
I have traveled quite a bit because of my job, both in the U.S.A. and international, Boston, Jersey, Florida, Georgia , Austin TX or many other often touted places , Germany , France, England, China, Puerto Rico, Mexico, Trinidad and Tobago etc…
Trust me I would rather live in Temecula valley than the best cities in those states and countries, (although I did like some parts of south Florida, as it seems very much like SoCal in many ways).
But to each their own, Good luck in your move if that is what you are getting to
[/quote]
Open-minded! (And I know Temecula well, and quite like it, along with many spots in the other areas you mention.)
I moved from So Cal 2008 even though I could see RE prices were about to become affordable for me there. Better job. If you’re flexible, and your income goes above a certain level, you can live nicely just about anywhere.
Participant[quote=Nor-LA-SD-guy]
I have traveled quite a bit because of my job, both in the U.S.A. and international, Boston, Jersey, Florida, Georgia , Austin TX or many other often touted places , Germany , France, England, China, Puerto Rico, Mexico, Trinidad and Tobago etc…
Trust me I would rather live in Temecula valley than the best cities in those states and countries, (although I did like some parts of south Florida, as it seems very much like SoCal in many ways).
But to each their own, Good luck in your move if that is what you are getting to
[/quote]
Open-minded! (And I know Temecula well, and quite like it, along with many spots in the other areas you mention.)
I moved from So Cal 2008 even though I could see RE prices were about to become affordable for me there. Better job. If you’re flexible, and your income goes above a certain level, you can live nicely just about anywhere.
Participant[quote=Nor-LA-SD-guy]
I have traveled quite a bit because of my job, both in the U.S.A. and international, Boston, Jersey, Florida, Georgia , Austin TX or many other often touted places , Germany , France, England, China, Puerto Rico, Mexico, Trinidad and Tobago etc…
Trust me I would rather live in Temecula valley than the best cities in those states and countries, (although I did like some parts of south Florida, as it seems very much like SoCal in many ways).
But to each their own, Good luck in your move if that is what you are getting to
[/quote]
Open-minded! (And I know Temecula well, and quite like it, along with many spots in the other areas you mention.)
I moved from So Cal 2008 even though I could see RE prices were about to become affordable for me there. Better job. If you’re flexible, and your income goes above a certain level, you can live nicely just about anywhere.
Participant[quote=Rich Toscano]patientrenter – I agree with you 100% (as I always do!)
Rich[/quote]
I learned from you, Rich, so you’re agreeing with yourself! More seriously, your conclusions are very similar to mine, and that has helped me avoid a lot of wasted energy second-guessing myself.
BTW, when I was thinking yesterday about when I first became absolutely convinced that some wheels were about to come off this economic cart, I realized it was right after I first tapped into your blog back in May 2007. I could feel something big was about to happen by May ’07, but I became certain before the end of that month, just after I read your blog a few times. It tipped the balance probably even more than CR, which I learned about from you. So thanks!
Participant[quote=Rich Toscano]patientrenter – I agree with you 100% (as I always do!)
Rich[/quote]
I learned from you, Rich, so you’re agreeing with yourself! More seriously, your conclusions are very similar to mine, and that has helped me avoid a lot of wasted energy second-guessing myself.
BTW, when I was thinking yesterday about when I first became absolutely convinced that some wheels were about to come off this economic cart, I realized it was right after I first tapped into your blog back in May 2007. I could feel something big was about to happen by May ’07, but I became certain before the end of that month, just after I read your blog a few times. It tipped the balance probably even more than CR, which I learned about from you. So thanks!
Participant[quote=Rich Toscano]patientrenter – I agree with you 100% (as I always do!)
Rich[/quote]
I learned from you, Rich, so you’re agreeing with yourself! More seriously, your conclusions are very similar to mine, and that has helped me avoid a lot of wasted energy second-guessing myself.
BTW, when I was thinking yesterday about when I first became absolutely convinced that some wheels were about to come off this economic cart, I realized it was right after I first tapped into your blog back in May 2007. I could feel something big was about to happen by May ’07, but I became certain before the end of that month, just after I read your blog a few times. It tipped the balance probably even more than CR, which I learned about from you. So thanks!
Participant[quote=Rich Toscano]patientrenter – I agree with you 100% (as I always do!)
Rich[/quote]
I learned from you, Rich, so you’re agreeing with yourself! More seriously, your conclusions are very similar to mine, and that has helped me avoid a lot of wasted energy second-guessing myself.
BTW, when I was thinking yesterday about when I first became absolutely convinced that some wheels were about to come off this economic cart, I realized it was right after I first tapped into your blog back in May 2007. I could feel something big was about to happen by May ’07, but I became certain before the end of that month, just after I read your blog a few times. It tipped the balance probably even more than CR, which I learned about from you. So thanks!
Participant[quote=Rich Toscano]patientrenter – I agree with you 100% (as I always do!)
Rich[/quote]
I learned from you, Rich, so you’re agreeing with yourself! More seriously, your conclusions are very similar to mine, and that has helped me avoid a lot of wasted energy second-guessing myself.
BTW, when I was thinking yesterday about when I first became absolutely convinced that some wheels were about to come off this economic cart, I realized it was right after I first tapped into your blog back in May 2007. I could feel something big was about to happen by May ’07, but I became certain before the end of that month, just after I read your blog a few times. It tipped the balance probably even more than CR, which I learned about from you. So thanks!
Participant[quote=Rich Toscano]
….This article was pretty much jaw-dropping to me. This guy is suggesting we openly punish people who save instead of running out and squandering every penny on things they don’t feel they need. (They already punish saving to an extent, but this takes it to a whole new level in terms of both openness and extent). As if the long-term prosperity of society is optimized by maximizing short-term consumption rather than saving wealth. This type of thinking is every bit as backwards as the housing bubble boosterism we heard in 2005, imho.
Mankiw is the author of one of the most widely used economics text, iirc, in addition to having been a presidential economic adviser to the last administration. So this is beyond a mainstream guy — he is one of the authorities in the field of economics.
This just goes to show how short-sighted and misguided mainstream economics is. And, by extension, economic policy, since it is informed by mainstream economics.
Rich
[/quote]I too was surprised at how open Mankiw is about this “war on savers”. But you have all seen the evidence that this is our political and economic establishment’s position on saving for many, many decades now. Don’t waste too much energy on resisting or complaining. Just plan your personal life and investments accordingly.
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