[permabear]

[quote=urbanrealtor]Kind of like the first time I saw Rob Halford at Subway or when I asked Jewel to move so I could make a pool shot at the Casbah.[/quote]

So… Rob Halford frequents Subway??

[permabear]

[quote=urbanrealtor]Kind of like the first time I saw Rob Halford at Subway or when I asked Jewel to move so I could make a pool shot at the Casbah.[/quote]

So… Rob Halford frequents Subway??

[permabear]

[quote=urbanrealtor]Kind of like the first time I saw Rob Halford at Subway or when I asked Jewel to move so I could make a pool shot at the Casbah.[/quote]

So… Rob Halford frequents Subway??

[permabear]

At the very least, there’s been the NorCal / SoCal divide for at least 20 years. The only reason this hasn’t happened IMO is that NorCal has all the water, and SoCal knows it.

[permabear]

At the very least, there’s been the NorCal / SoCal divide for at least 20 years. The only reason this hasn’t happened IMO is that NorCal has all the water, and SoCal knows it.

[permabear]

At the very least, there’s been the NorCal / SoCal divide for at least 20 years. The only reason this hasn’t happened IMO is that NorCal has all the water, and SoCal knows it.

[permabear]

At the very least, there’s been the NorCal / SoCal divide for at least 20 years. The only reason this hasn’t happened IMO is that NorCal has all the water, and SoCal knows it.

[permabear]

At the very least, there’s been the NorCal / SoCal divide for at least 20 years. The only reason this hasn’t happened IMO is that NorCal has all the water, and SoCal knows it.

[permabear]

We’re in this weird “biflation” environment (blurb: http://www.newsweek.com/2010/08/16/what-is-biflation.html). Basically, if you follow commodities, there is massive inflation on the horizon due to the devaluation of the dollar. Commodities are up around 60% this year alone. Companies have started announcing price hikes.

QE2, if it’s around $1T which is what banks are begging for, will quicken that even more dramatically. This means necessities like food, gas, utilities, etc could get much much pricier in the near term. At the same time, the Fed has said it will keep rates at 0% basically forever. This means your savings account will not keep up (stocks will probably continue to rally, though).

If this happens, it will put a nasty squeeze on most everyone. Daily costs will rise, leaving less money for rent/mortgage. Salaries will likely not keep up with inflation because commodity prices will squeeze corporate profit margins.

Still not good for housing.

P.S. Abolish the Fed

[permabear]

We’re in this weird “biflation” environment (blurb: http://www.newsweek.com/2010/08/16/what-is-biflation.html). Basically, if you follow commodities, there is massive inflation on the horizon due to the devaluation of the dollar. Commodities are up around 60% this year alone. Companies have started announcing price hikes.

QE2, if it’s around $1T which is what banks are begging for, will quicken that even more dramatically. This means necessities like food, gas, utilities, etc could get much much pricier in the near term. At the same time, the Fed has said it will keep rates at 0% basically forever. This means your savings account will not keep up (stocks will probably continue to rally, though).

If this happens, it will put a nasty squeeze on most everyone. Daily costs will rise, leaving less money for rent/mortgage. Salaries will likely not keep up with inflation because commodity prices will squeeze corporate profit margins.

Still not good for housing.

P.S. Abolish the Fed

[permabear]

We’re in this weird “biflation” environment (blurb: http://www.newsweek.com/2010/08/16/what-is-biflation.html). Basically, if you follow commodities, there is massive inflation on the horizon due to the devaluation of the dollar. Commodities are up around 60% this year alone. Companies have started announcing price hikes.

QE2, if it’s around $1T which is what banks are begging for, will quicken that even more dramatically. This means necessities like food, gas, utilities, etc could get much much pricier in the near term. At the same time, the Fed has said it will keep rates at 0% basically forever. This means your savings account will not keep up (stocks will probably continue to rally, though).

If this happens, it will put a nasty squeeze on most everyone. Daily costs will rise, leaving less money for rent/mortgage. Salaries will likely not keep up with inflation because commodity prices will squeeze corporate profit margins.

Still not good for housing.

P.S. Abolish the Fed

[permabear]

We’re in this weird “biflation” environment (blurb: http://www.newsweek.com/2010/08/16/what-is-biflation.html). Basically, if you follow commodities, there is massive inflation on the horizon due to the devaluation of the dollar. Commodities are up around 60% this year alone. Companies have started announcing price hikes.

QE2, if it’s around $1T which is what banks are begging for, will quicken that even more dramatically. This means necessities like food, gas, utilities, etc could get much much pricier in the near term. At the same time, the Fed has said it will keep rates at 0% basically forever. This means your savings account will not keep up (stocks will probably continue to rally, though).

If this happens, it will put a nasty squeeze on most everyone. Daily costs will rise, leaving less money for rent/mortgage. Salaries will likely not keep up with inflation because commodity prices will squeeze corporate profit margins.

Still not good for housing.

P.S. Abolish the Fed

[permabear]

We’re in this weird “biflation” environment (blurb: http://www.newsweek.com/2010/08/16/what-is-biflation.html). Basically, if you follow commodities, there is massive inflation on the horizon due to the devaluation of the dollar. Commodities are up around 60% this year alone. Companies have started announcing price hikes.

QE2, if it’s around $1T which is what banks are begging for, will quicken that even more dramatically. This means necessities like food, gas, utilities, etc could get much much pricier in the near term. At the same time, the Fed has said it will keep rates at 0% basically forever. This means your savings account will not keep up (stocks will probably continue to rally, though).

If this happens, it will put a nasty squeeze on most everyone. Daily costs will rise, leaving less money for rent/mortgage. Salaries will likely not keep up with inflation because commodity prices will squeeze corporate profit margins.

Still not good for housing.

P.S. Abolish the Fed

[permabear]

Ok, try this listing directly from Brookfield.

“Price reduction! Never has a plan 1 sold this low! Western Sunset views on canyon rim next to open space!”

$213/ft

http://www.redfin.com/CA/San-Diego/11558-Carowind-Ln-92131/home/22417631

And these two just went pending after their price was dropped:

http://www.redfin.com/CA/San-Diego/LOT-261-Almond-Orchard-Ln-92131/home/28465800
http://www.redfin.com/CA/San-Diego/LOT-262-Almond-Orchard-Ln-92131/home/28564245

My point is, you could try holding out for even lower prices, but then again you could be missing out on a nice home trying to squeak out an extra $50k. Personally, if I needed a 4000 sq ft house, I would go in now with a solid 20% down offer and play hardball on price.

[permabear]

Ok, try this listing directly from Brookfield.

“Price reduction! Never has a plan 1 sold this low! Western Sunset views on canyon rim next to open space!”

$213/ft

http://www.redfin.com/CA/San-Diego/11558-Carowind-Ln-92131/home/22417631

And these two just went pending after their price was dropped:

http://www.redfin.com/CA/San-Diego/LOT-261-Almond-Orchard-Ln-92131/home/28465800
http://www.redfin.com/CA/San-Diego/LOT-262-Almond-Orchard-Ln-92131/home/28564245

My point is, you could try holding out for even lower prices, but then again you could be missing out on a nice home trying to squeak out an extra $50k. Personally, if I needed a 4000 sq ft house, I would go in now with a solid 20% down offer and play hardball on price.

[Author]

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