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PerryChase
Participantthanks for the correction, patb. 🙂 I meant to say the late 1800s through the 1920s.
ParticipantYeah, too bad Learah is gone.
As we know, human nature is such that we need to put a face to the evil-doers. People can thus rally against such “evil.”
With Lereah gone, the bloggers’ attack on the NAR won’t be so voracious and fun.
ParticipantYeah, too bad Learah is gone.
As we know, human nature is such that we need to put a face to the evil-doers. People can thus rally against such “evil.”
With Lereah gone, the bloggers’ attack on the NAR won’t be so voracious and fun.
ParticipantI agree with you, no_such_reality. The funny thing is that Democrats are blamed for bloated government, but it’s really the Republicans who devised the largest government with the most intrusion on civil liberty and largest deficit spending ever. It’s like welfare for the robber barons. In many ways, we are really back to the gilded age of the 1920s.
ParticipantI agree with you, no_such_reality. The funny thing is that Democrats are blamed for bloated government, but it’s really the Republicans who devised the largest government with the most intrusion on civil liberty and largest deficit spending ever. It’s like welfare for the robber barons. In many ways, we are really back to the gilded age of the 1920s.
ParticipantI know someone in DC who is a lawyer and invested in DC condos in the last 2 years to 3 years. He was trying to get friends to invest with him. I’ve tracked his investments and they are not doing well.
He works for what else? The big black hole that is Homeland Security. The only reason I mention his job is that you’d think that professionals working in security would be the careful conservative types — not. His salary does not support the carrying cost on several properties so when the loan reset there’ll be some hindsight regrets.
I think that when all is said on done, we’ll find out that the upper-middle class gambled on housing and subprime/exotic loans even more so than the lower income folks. I would go so far as to say that the RE gambling ran across economic classes, in proportion to earnings.
ParticipantI know someone in DC who is a lawyer and invested in DC condos in the last 2 years to 3 years. He was trying to get friends to invest with him. I’ve tracked his investments and they are not doing well.
He works for what else? The big black hole that is Homeland Security. The only reason I mention his job is that you’d think that professionals working in security would be the careful conservative types — not. His salary does not support the carrying cost on several properties so when the loan reset there’ll be some hindsight regrets.
I think that when all is said on done, we’ll find out that the upper-middle class gambled on housing and subprime/exotic loans even more so than the lower income folks. I would go so far as to say that the RE gambling ran across economic classes, in proportion to earnings.
ParticipantYeah, Harry won’t go Iraq after all.
It would be very ironic if Harry were to die in Iraq. It would mark the final close of Britain’s long involvement in Mesopotamia. Perhaps a sign of the end of the British monarchy and empire. The Brits can’t have that can they?
ParticipantYeah, Harry won’t go Iraq after all.
It would be very ironic if Harry were to die in Iraq. It would mark the final close of Britain’s long involvement in Mesopotamia. Perhaps a sign of the end of the British monarchy and empire. The Brits can’t have that can they?
Participant$1k in Taos. Sounds like the deal of a lifetime!
Anyone who builds an alternative, creative house, please post pictures and share with us.
ParticipantThanks for posting. Great video that explains the state of the RE market very well, in simple terms, that most viewers can understand. Every head-of-household should watch this video.
I can picture the FBs in denial in Carmel Highlands, Del Sur, 4S, San Elijo, etc…. Ain’t gonna be pretty.
ParticipantI second the Dwell concept. A neighborhood full of Dwell type houses would be so much nicer than the cookie cutter house we have now. I also think that single family houses should be allowed to build 3 to 4 stories high.
In my view, a good house is all about energy efficiency, good design and beautiful materials and finishes (not necessarily expensive). I’m gonna build or renovate something like that when the market is more propitious.
ParticipantI was young but around in the 1990s and I remember well.
Bugs is pretty much right on as far as same-house declines in La Jolla. On history, I agree with jg — it’ll happen again, in proportion to the run-up.jg, you’re a student of history yet you support the war on Iraq? What books have you been reading?! You know I’m givin’ you a hard time in a friendly way. Hope you don’t mind. 🙂
ParticipantI have a feel that if you want to save the environment, then building an eco-friendly home is a good thing. But you definitely won’t save you money.
Interesting topic. Thanks for bringing it up.
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