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PD
ParticipantErgo UK is the fairer society
Eh… What? Did you know that the inheritance tax is crushing there? From memory, I think it is (or used to be) well over 50%. Many very old families have lost holdings that have been passed down for hundreds of years due to insanely unfair inheritance taxes.
ParticipantErgo UK is the fairer society
Eh… What? Did you know that the inheritance tax is crushing there? From memory, I think it is (or used to be) well over 50%. Many very old families have lost holdings that have been passed down for hundreds of years due to insanely unfair inheritance taxes.
ParticipantThere seem to be a lot of new posters who have not read Rich’s articles. Perhaps some of the bad news is getting out and more people are aware that there might be a problem and are looking for info on the internet. However, these new posters seem to be confused and still suffering under the effects of the koolaid.
It’s different here, 4S (CV, Del Mar, La Jolla, Coronado etc) is special, no more land, too much equity, yada, yada, yada.
Real estate is set at the margins, people!ParticipantThere seem to be a lot of new posters who have not read Rich’s articles. Perhaps some of the bad news is getting out and more people are aware that there might be a problem and are looking for info on the internet. However, these new posters seem to be confused and still suffering under the effects of the koolaid.
It’s different here, 4S (CV, Del Mar, La Jolla, Coronado etc) is special, no more land, too much equity, yada, yada, yada.
Real estate is set at the margins, people!ParticipantCyphire, it takes nearly two dollars to equal a British pound. Further, if a Whopper is on the menu for $4 here, it is on the menu for 4 pounds there ($8). When looking at the price of items there, the number seems right, however, you have to mulitply by two to convert to dollars. For an American converting dollars, your daily needs are twice as expensive. Further, the Brits are some of the most highly taxed people on the planet.
They do not make twice as much as we do.
ParticipantCyphire, it takes nearly two dollars to equal a British pound. Further, if a Whopper is on the menu for $4 here, it is on the menu for 4 pounds there ($8). When looking at the price of items there, the number seems right, however, you have to mulitply by two to convert to dollars. For an American converting dollars, your daily needs are twice as expensive. Further, the Brits are some of the most highly taxed people on the planet.
They do not make twice as much as we do.
ParticipantThe point that many are trying to make is that there is (or should be if lenders weren’t so whacked) a fixed amount that the average family can pay per month. Currently, you can get a low interest rate but high loan amount. It is much better to have a higher interest rate but smaller loan. In both cases, your monthly payment is the same at the outset. With the second situation, however, you MIGHT get the option to refinance into lower payments. You will also greatly increase your chances to make money in appreciation.
ParticipantThe point that many are trying to make is that there is (or should be if lenders weren’t so whacked) a fixed amount that the average family can pay per month. Currently, you can get a low interest rate but high loan amount. It is much better to have a higher interest rate but smaller loan. In both cases, your monthly payment is the same at the outset. With the second situation, however, you MIGHT get the option to refinance into lower payments. You will also greatly increase your chances to make money in appreciation.
ParticipantMaybe 2009.
ParticipantMaybe 2009.
ParticipantToday, 10 year treasuries rose their to highest in 5 years. We are now seeing 30 year fixed rates flirting with 6.75%. The fed isn’t in control of rates. J6P has no idea…
ParticipantToday, 10 year treasuries rose their to highest in 5 years. We are now seeing 30 year fixed rates flirting with 6.75%. The fed isn’t in control of rates. J6P has no idea…
June 12, 2007 at 12:33 PM in reply to: NEED your input, About to buy a new Pienza home in 4S Ranch #58711Participantschizo said:
Many, not all, of the posters here are empty heads who are praying the market will go down, but even if it does they probably don't have the wherewithal to buy anyway. 4S is a very very desireable family community. The commute is about as good as it gets for a new home community in the SD area. I believe this is one of the reasons for 4Ss resilience to large price drops. There are many waiting on the side lines itching to buy and live in 4S. Stupid statements like "20% is in the bag and 60% is possible" for price drops with nothing to back up such a statement is worthless fortune telling.
You haven't been around here long if you believe this tripe. We (long time Piggingtons)have investigated every angle of the market ad nauseam and there is no need to constantly reprint the facts that have already been stated over and over. With the exception of a few areas that have held up so far, most areas in San Diego are already down 10 – 15% (including Coronado, which is a very desirable place to live). With all of the resets coming, the recent increase in interest rates, and turning public sentiment, another 5 – 10% is almost assured. Further, some new homes in Temecula are already nearly 30% down.
You are a little short on facts yourself. I will agree that there are a lot people waiting to buy. I'm one of them (but not in 4S). Many others here are also waiting to buy. Our pockets are full and our research is sound. Fools jump in, dude. Go swimming.
As for my head being empty, I'm glad I have one. You might want to find a pumpkin patch.
June 12, 2007 at 12:33 PM in reply to: NEED your input, About to buy a new Pienza home in 4S Ranch #58740Participantschizo said:
Many, not all, of the posters here are empty heads who are praying the market will go down, but even if it does they probably don't have the wherewithal to buy anyway. 4S is a very very desireable family community. The commute is about as good as it gets for a new home community in the SD area. I believe this is one of the reasons for 4Ss resilience to large price drops. There are many waiting on the side lines itching to buy and live in 4S. Stupid statements like "20% is in the bag and 60% is possible" for price drops with nothing to back up such a statement is worthless fortune telling.
You haven't been around here long if you believe this tripe. We (long time Piggingtons)have investigated every angle of the market ad nauseam and there is no need to constantly reprint the facts that have already been stated over and over. With the exception of a few areas that have held up so far, most areas in San Diego are already down 10 – 15% (including Coronado, which is a very desirable place to live). With all of the resets coming, the recent increase in interest rates, and turning public sentiment, another 5 – 10% is almost assured. Further, some new homes in Temecula are already nearly 30% down.
You are a little short on facts yourself. I will agree that there are a lot people waiting to buy. I'm one of them (but not in 4S). Many others here are also waiting to buy. Our pockets are full and our research is sound. Fools jump in, dude. Go swimming.
As for my head being empty, I'm glad I have one. You might want to find a pumpkin patch.
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