[PerryChase]

The ownership premium that owners pay months after months needs to be deducted from the net when they sell to arrive at the true gain/loss.

You can rent a house that would’ve sold in 2005 for $1 million for $3,000 to $3,500/month. Even if you can afford the payments, you’re losing money every month you own the house. Unless appreciation is, at the minimum, equal to the ownership premium, then you’re losing money every month you own the house.

[PerryChase]

Elan is closing in Sorrento Valley. They are one of the larger biotechs in SD.

http://www.signonsandiego.com/uniontrib/20070804/news_1b4elan.html

pfizer (formely Agouron) retrenched big time in SD.

As we are now finding out, many of the new drugs are pie-in-the-sky and not any better than the old drugs. What is it about our culture that makes us want to pop a pill instead of changing our life and eating habit?

I’m afraid that biotech will become a big flop. Investors have been sinking all that money in biotech since the 80s with only modest payback. What carried the industry was the take-overs (like houses, they were selling companies to each other).

Soon biotech research will be outsourced to India, China, Singapore anyway.

[PerryChase]

Elan is closing in Sorrento Valley. They are one of the larger biotechs in SD.

http://www.signonsandiego.com/uniontrib/20070804/news_1b4elan.html

pfizer (formely Agouron) retrenched big time in SD.

As we are now finding out, many of the new drugs are pie-in-the-sky and not any better than the old drugs. What is it about our culture that makes us want to pop a pill instead of changing our life and eating habit?

I’m afraid that biotech will become a big flop. Investors have been sinking all that money in biotech since the 80s with only modest payback. What carried the industry was the take-overs (like houses, they were selling companies to each other).

Soon biotech research will be outsourced to India, China, Singapore anyway.

[PerryChase]

Elan is closing in Sorrento Valley. They are one of the larger biotechs in SD.

http://www.signonsandiego.com/uniontrib/20070804/news_1b4elan.html

pfizer (formely Agouron) retrenched big time in SD.

As we are now finding out, many of the new drugs are pie-in-the-sky and not any better than the old drugs. What is it about our culture that makes us want to pop a pill instead of changing our life and eating habit?

I’m afraid that biotech will become a big flop. Investors have been sinking all that money in biotech since the 80s with only modest payback. What carried the industry was the take-overs (like houses, they were selling companies to each other).

Soon biotech research will be outsourced to India, China, Singapore anyway.

[PerryChase]

Alex, go ahead and go with your intuition and prove us wrong. Buy now and enjoy the appreciation next year. You can live in your highly desirable house for a couple of years then move up the property ladder.

What do you care what anyone else thinks? Do what is right for you.

[PerryChase]

Alex, go ahead and go with your intuition and prove us wrong. Buy now and enjoy the appreciation next year. You can live in your highly desirable house for a couple of years then move up the property ladder.

What do you care what anyone else thinks? Do what is right for you.

[PerryChase]

Alex, go ahead and go with your intuition and prove us wrong. Buy now and enjoy the appreciation next year. You can live in your highly desirable house for a couple of years then move up the property ladder.

What do you care what anyone else thinks? Do what is right for you.

[PerryChase]

How about another bailout for Chrysler?

I think that big businesses are of the universal healthcare bandwagon and will be pushing for that. It’s a good way to shift responsiblity for employee and retiree healthcare onto taxpayers.

[PerryChase]

How about another bailout for Chrysler?

I think that big businesses are of the universal healthcare bandwagon and will be pushing for that. It’s a good way to shift responsiblity for employee and retiree healthcare onto taxpayers.

[PerryChase]

How about another bailout for Chrysler?

I think that big businesses are of the universal healthcare bandwagon and will be pushing for that. It’s a good way to shift responsiblity for employee and retiree healthcare onto taxpayers.

[PerryChase]

I thought that eloan was the same as etrade but I was wrong.

Do you think that recent immigrants will apply online? From what I read in the news, it sounds like most immigrants go to loan brokers in their communities who speak their languages. Of course, those loan brokers don’t do their own any favors. Pretty sad dog-eat-dog mentality.

[PerryChase]

I thought that eloan was the same as etrade but I was wrong.

Do you think that recent immigrants will apply online? From what I read in the news, it sounds like most immigrants go to loan brokers in their communities who speak their languages. Of course, those loan brokers don’t do their own any favors. Pretty sad dog-eat-dog mentality.

[PerryChase]

I thought that eloan was the same as etrade but I was wrong.

Do you think that recent immigrants will apply online? From what I read in the news, it sounds like most immigrants go to loan brokers in their communities who speak their languages. Of course, those loan brokers don’t do their own any favors. Pretty sad dog-eat-dog mentality.

[PerryChase]

Ex-SD, welcome to Piggington. It’s nice to see new posters here. Your post sounds about right to me. I’m not married to a specified percentage decline, but your post pretty much sums up what direction the market will take.

2009/2010 is the earliest time to buy in my opinion.

I have a friend/acquaintance who moved to LA, bought an expensive house there last year; and because of the housing news, he’s trying to sell his SD house he had previously rented out. He’s asking top price. I’ll be watching his house to see how fast it sells or doesn’t sell. It will be a good gauge of the rate of decline in housing. He bought in 2003 and the house does not cash-flow as a rental. It’d be interesting to see the equity completely evaporate.

Ex-SD, you posted on another thread that homeowners who bought before 1999/2000 will be OK. What level do you think housing will decline to? I’m thinking 2001/2002 nominal prices for SFR, and perhaps 2000 prices for condos.

[PerryChase]

Ex-SD, welcome to Piggington. It’s nice to see new posters here. Your post sounds about right to me. I’m not married to a specified percentage decline, but your post pretty much sums up what direction the market will take.

2009/2010 is the earliest time to buy in my opinion.

I have a friend/acquaintance who moved to LA, bought an expensive house there last year; and because of the housing news, he’s trying to sell his SD house he had previously rented out. He’s asking top price. I’ll be watching his house to see how fast it sells or doesn’t sell. It will be a good gauge of the rate of decline in housing. He bought in 2003 and the house does not cash-flow as a rental. It’d be interesting to see the equity completely evaporate.

Ex-SD, you posted on another thread that homeowners who bought before 1999/2000 will be OK. What level do you think housing will decline to? I’m thinking 2001/2002 nominal prices for SFR, and perhaps 2000 prices for condos.

[Author]

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