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patientrenter
Participant[quote=scaredycat]i am a preeminent intellectual and i live in southern cal[/quote]
I eat preeminent intellectuals for breakfast, and I live on the east coast 🙂
Participant[quote=scaredycat]i am a preeminent intellectual and i live in southern cal[/quote]
I eat preeminent intellectuals for breakfast, and I live on the east coast 🙂
Participant[quote=scaredycat]i am a preeminent intellectual and i live in southern cal[/quote]
I eat preeminent intellectuals for breakfast, and I live on the east coast 🙂
Participant[quote=briansd1]….Sometimes you have to grit your teeth for the greater good. Kinda like the bailout of the financial industry…[/quote]
“Bail us out to save your economy”. Some of us don’t believe that, brian. Some of us think the bailouts are designed instead to let existing wealthy homeowners and bankers hold onto their unearned gains, and pass the cost of doing that onto a future generation of taxpayers.
Participant[quote=briansd1]….Sometimes you have to grit your teeth for the greater good. Kinda like the bailout of the financial industry…[/quote]
“Bail us out to save your economy”. Some of us don’t believe that, brian. Some of us think the bailouts are designed instead to let existing wealthy homeowners and bankers hold onto their unearned gains, and pass the cost of doing that onto a future generation of taxpayers.
Participant[quote=briansd1]….Sometimes you have to grit your teeth for the greater good. Kinda like the bailout of the financial industry…[/quote]
“Bail us out to save your economy”. Some of us don’t believe that, brian. Some of us think the bailouts are designed instead to let existing wealthy homeowners and bankers hold onto their unearned gains, and pass the cost of doing that onto a future generation of taxpayers.
Participant[quote=briansd1]….Sometimes you have to grit your teeth for the greater good. Kinda like the bailout of the financial industry…[/quote]
“Bail us out to save your economy”. Some of us don’t believe that, brian. Some of us think the bailouts are designed instead to let existing wealthy homeowners and bankers hold onto their unearned gains, and pass the cost of doing that onto a future generation of taxpayers.
Participant[quote=briansd1]….Sometimes you have to grit your teeth for the greater good. Kinda like the bailout of the financial industry…[/quote]
“Bail us out to save your economy”. Some of us don’t believe that, brian. Some of us think the bailouts are designed instead to let existing wealthy homeowners and bankers hold onto their unearned gains, and pass the cost of doing that onto a future generation of taxpayers.
September 2, 2009 at 4:56 PM in reply to: expensive La Jolla townhomes – how low will they go? #452054Participant[quote=Eugene]
I think that there’s a bit of a disconnect at the high end. If you take one of those condos and pick a SFR in La Jolla that sold for the same price as the condo before the bubble (say, 500k in 2000) … today, the condo may be listed for 650-700k and the house may be listed for 850k.[/quote]I’d say the greater disconnect is at the low end. The numbers you give are pretty close to the dividing line between Monopoly Money no money down FHA loans and loans that are given by banks backstopped by the FDIC and Fed purchases etc. So one market’s prices are 99% held up by taxpayer money, and the other is held up only 80%. Both still have prices that you’d expect with such an arrangement – crazy high – but the low end is the craziest.
September 2, 2009 at 4:56 PM in reply to: expensive La Jolla townhomes – how low will they go? #452248Participant[quote=Eugene]
I think that there’s a bit of a disconnect at the high end. If you take one of those condos and pick a SFR in La Jolla that sold for the same price as the condo before the bubble (say, 500k in 2000) … today, the condo may be listed for 650-700k and the house may be listed for 850k.[/quote]I’d say the greater disconnect is at the low end. The numbers you give are pretty close to the dividing line between Monopoly Money no money down FHA loans and loans that are given by banks backstopped by the FDIC and Fed purchases etc. So one market’s prices are 99% held up by taxpayer money, and the other is held up only 80%. Both still have prices that you’d expect with such an arrangement – crazy high – but the low end is the craziest.
September 2, 2009 at 4:56 PM in reply to: expensive La Jolla townhomes – how low will they go? #452589Participant[quote=Eugene]
I think that there’s a bit of a disconnect at the high end. If you take one of those condos and pick a SFR in La Jolla that sold for the same price as the condo before the bubble (say, 500k in 2000) … today, the condo may be listed for 650-700k and the house may be listed for 850k.[/quote]I’d say the greater disconnect is at the low end. The numbers you give are pretty close to the dividing line between Monopoly Money no money down FHA loans and loans that are given by banks backstopped by the FDIC and Fed purchases etc. So one market’s prices are 99% held up by taxpayer money, and the other is held up only 80%. Both still have prices that you’d expect with such an arrangement – crazy high – but the low end is the craziest.
September 2, 2009 at 4:56 PM in reply to: expensive La Jolla townhomes – how low will they go? #452662Participant[quote=Eugene]
I think that there’s a bit of a disconnect at the high end. If you take one of those condos and pick a SFR in La Jolla that sold for the same price as the condo before the bubble (say, 500k in 2000) … today, the condo may be listed for 650-700k and the house may be listed for 850k.[/quote]I’d say the greater disconnect is at the low end. The numbers you give are pretty close to the dividing line between Monopoly Money no money down FHA loans and loans that are given by banks backstopped by the FDIC and Fed purchases etc. So one market’s prices are 99% held up by taxpayer money, and the other is held up only 80%. Both still have prices that you’d expect with such an arrangement – crazy high – but the low end is the craziest.
September 2, 2009 at 4:56 PM in reply to: expensive La Jolla townhomes – how low will they go? #452850Participant[quote=Eugene]
I think that there’s a bit of a disconnect at the high end. If you take one of those condos and pick a SFR in La Jolla that sold for the same price as the condo before the bubble (say, 500k in 2000) … today, the condo may be listed for 650-700k and the house may be listed for 850k.[/quote]I’d say the greater disconnect is at the low end. The numbers you give are pretty close to the dividing line between Monopoly Money no money down FHA loans and loans that are given by banks backstopped by the FDIC and Fed purchases etc. So one market’s prices are 99% held up by taxpayer money, and the other is held up only 80%. Both still have prices that you’d expect with such an arrangement – crazy high – but the low end is the craziest.
ParticipantI hate to disappoint you but, however just it might be, there will be no significant new taxes on RE. That would push prices down, and that is a political no-no. Why would the folks pouring trillions into trying to push RE prices up now turn around and push in the other direction?
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