Forum Replies Created
-
AuthorPosts
-
PerryChase
ParticipantBelow is an article that jg might have written on the US economy. The author makes some very good points.
http://www.marketoracle.co.uk/Article1204.html?
” If we eliminate the “frothy” exuberance of America’s trade deficit, then the stock market would be sucking air through a tube right now. And, you can bet that as soon as our foreign creditors wise-up and start raising interest rates the Dow Jones will quickly become the Dow Doldrums and the economy will nosedive into a 1929-type Depression. ”
ParticipantSome gruesome images.
The picture of the green pool with mosquitoes is interesting. When I was a kid, I used to think that only wildly rich people had swimming pools. Who would think that people with a pool would be in trouble?
http://news.yahoo.com/s/bw/20070606/bs_bw/jun2007db20070605228494?
ParticipantSome gruesome images.
The picture of the green pool with mosquitoes is interesting. When I was a kid, I used to think that only wildly rich people had swimming pools. Who would think that people with a pool would be in trouble?
http://news.yahoo.com/s/bw/20070606/bs_bw/jun2007db20070605228494?
ParticipantOne of the things I hate about real estate, is when you look at ads for new homes, in the newspapers or online, you can never tell where the development is until you read the fine print. The map is way not to scale to make you think that the development is close to town. In reality it’s out in the boonies somewhere.
I want to be able able to glance at an ad and see where the development is. No need to waste my time on something that’s too far.
ParticipantOne of the things I hate about real estate, is when you look at ads for new homes, in the newspapers or online, you can never tell where the development is until you read the fine print. The map is way not to scale to make you think that the development is close to town. In reality it’s out in the boonies somewhere.
I want to be able able to glance at an ad and see where the development is. No need to waste my time on something that’s too far.
Participantbugs, I love your posts. Your explanations are always clear and concise. You tend to draw on historical data. I too was in San Diego during the last boom and bust and the historical connection always hits home to me.
Participantbugs, I love your posts. Your explanations are always clear and concise. You tend to draw on historical data. I too was in San Diego during the last boom and bust and the historical connection always hits home to me.
ParticipantI don’t think that 6% – 8% growth is sustainable in the very long term to begin with. If that were the case, people wouldn’t be able to afford houses anymore since housing would consume a bigger and bigger proportion of income.
I think that Schiller researched housing prices at the peak a the end of the 19th Century. Prices peaked and dropped but did not recover until after WWII (if I remember well).
It’s not beyond reason for house prices to stagnate for a very long time. If China and foreign economies grow faster than ours, then that scenario is quite possible.
ParticipantI don’t think that 6% – 8% growth is sustainable in the very long term to begin with. If that were the case, people wouldn’t be able to afford houses anymore since housing would consume a bigger and bigger proportion of income.
I think that Schiller researched housing prices at the peak a the end of the 19th Century. Prices peaked and dropped but did not recover until after WWII (if I remember well).
It’s not beyond reason for house prices to stagnate for a very long time. If China and foreign economies grow faster than ours, then that scenario is quite possible.
ParticipantI would wait to at least 2004 price to buy.
http://www.sdlookup.com/Property-20930C4D-18135_Querida_Sol_Rancho_Santa_Fe_CA_92091
ParticipantI would wait to at least 2004 price to buy.
http://www.sdlookup.com/Property-20930C4D-18135_Querida_Sol_Rancho_Santa_Fe_CA_92091
Participant18000 sf at $2.95 million is not bad. It would cost quite a bit more in San Diego.
Participant18000 sf at $2.95 million is not bad. It would cost quite a bit more in San Diego.
ParticipantI agree with bugs and cyphire.
It’s not a bad deal for him. He took the profits and traded up. He cleared $410k on the condo and did not piss it away. If he bought an $800k house he might loose $300k of that when the market drops. He’ll do fine because he still would be up $100k.
Personally, I wouldn’t ‘ve bought the house.
The problem with the recent market is that many buyers leverage their gains into bigger and bigger homes using exotic loans. When the market drop, they’ll loose all the gains and more.
I know one couple who started with a $350k house in 2002. Now they live in a $1 million house with no change in income. Their income is not that stable so a recession and a loss of income would turn their house into must sell inventory at the worst of times. Children will hit HS graduation and college age in about 4 years. That’s when they’ll NEED money.
-
AuthorPosts
