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PerryChase
ParticipantAs far as criminal charges go, I doubt that the DA will press charges. They’ve got bigger fish to fry.
As far as a civil lawsuit on the part of the lender is concerned, you can’t get blood out of a turnip. It’s the cost of doing business.
ParticipantI pretty much agree with Thornberg and Bugs.
Negativity is frowned upon and one never predicts gloom and doom because, if one is not 100% right, one will get crucified. On the other hand, predicting pie-in-the-sky without backing it up with hard facts is OK. You can always come back with reasons why. Think Iraq.
By all account, we’re already at 2004 prices. I think that we can expect house prices sliding and stagnating for years to come. In the mean time, new products will built (for you guys looking for brand new houses). Think buying a large screen plasma or LCD in 2005.
ParticipantI pretty much agree with Thornberg and Bugs.
Negativity is frowned upon and one never predicts gloom and doom because, if one is not 100% right, one will get crucified. On the other hand, predicting pie-in-the-sky without backing it up with hard facts is OK. You can always come back with reasons why. Think Iraq.
By all account, we’re already at 2004 prices. I think that we can expect house prices sliding and stagnating for years to come. In the mean time, new products will built (for you guys looking for brand new houses). Think buying a large screen plasma or LCD in 2005.
ParticipantDoes anyone have a link to that LA Times article?
ParticipantDoes anyone have a link to that LA Times article?
ParticipantAnimal cruelty is a criminal offense.
But is it legal to destroy your house, if you feel like it (at least before the foreclosure)? Perhaps one needs a permit for that.
The prosecution will most likely get him on charges of animal cruelty.
ParticipantAnimal cruelty is a criminal offense.
But is it legal to destroy your house, if you feel like it (at least before the foreclosure)? Perhaps one needs a permit for that.
The prosecution will most likely get him on charges of animal cruelty.
ParticipantLike HeWeGo said, the Chinese are turning to investing in their own economy. That will be an ongoing process. If you go to China you’ll see that construction is rampant, not just in the cities.
China is looking for ways to “decouple” from the American consumers.
That won’t happen overnight but over decades. We can’t count on cheap money forever.
China is also modernizing its military.
http://www.washingtonpost.com/wp-dyn/articles/A45056-2005Apr11.htmlWhen China reaches critical mass, Japan will turn to investing in China just like it invested in America.
ParticipantLike HeWeGo said, the Chinese are turning to investing in their own economy. That will be an ongoing process. If you go to China you’ll see that construction is rampant, not just in the cities.
China is looking for ways to “decouple” from the American consumers.
That won’t happen overnight but over decades. We can’t count on cheap money forever.
China is also modernizing its military.
http://www.washingtonpost.com/wp-dyn/articles/A45056-2005Apr11.htmlWhen China reaches critical mass, Japan will turn to investing in China just like it invested in America.
ParticipantThe decline will only be delayed by the easy financing that’s still available. Refinancing will give people some breathing room, but the debt will still need be repaid. We’re just kicking the can down the road.
Government to the rescue?
http://www.latimes.com/classified/realestate/news/la-re-harney27may27,0,2520596.story?coll=la-class-realestate-newsParticipantThe decline will only be delayed by the easy financing that’s still available. Refinancing will give people some breathing room, but the debt will still need be repaid. We’re just kicking the can down the road.
Government to the rescue?
http://www.latimes.com/classified/realestate/news/la-re-harney27may27,0,2520596.story?coll=la-class-realestate-newsParticipantocrenter, what’s the deal with that cracked slab property? It sold for $540k last year.
Is a cracked slab that big of a deal? I suppose that most concrete slabs have some cracks under the flooring. You can’t see the cracks unless you pull out the flooring.Participantocrenter, what’s the deal with that cracked slab property? It sold for $540k last year.
Is a cracked slab that big of a deal? I suppose that most concrete slabs have some cracks under the flooring. You can’t see the cracks unless you pull out the flooring.ParticipantAsh, we now have plenty of government intervention in the form of zoning laws that dictates what developers can or cannot build. If we could resist nimbyism, view protections and such, then we could have affordable housing for everyone.
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