[PerryChase]

powayseller predicted 50% default on those ARMs?

If owners walk like Cramer recommended they do, then we might just see 50% default rates 2/28.

I personally predited that people would walk from their houses rather than cut back and live on bread and water. Of course, they’ll keep the cars and credit cars and drop the house.

I think that economy is resilient and while we’ll get a general recession, the consumer will keep on spending throughout the housing depression. The consumer is an addict. He’ll cut back a little but he really can’t stop from buying junk.

I see the families shopping at Walmart and to them, buying junk is a feel good exercise. Buying plastic tubs, clothes and shoes made in China in affordable entertainment and luxury for them.

I didn’t used to believe in the affordable luxury concept but Starbucks proved me wrong.

[PerryChase]

sdnativeson, I agree that’s important to be intellectually open to different ideas.

That would include giving consideration that universal healthcare would be good for our country, and that Arabs have some legitimate grievences against America. But somehow, I doubt that you would even entertain those possibilities.

[PerryChase]

sdnativeson, I agree that’s important to be intellectually open to different ideas.

That would include giving consideration that universal healthcare would be good for our country, and that Arabs have some legitimate grievences against America. But somehow, I doubt that you would even entertain those possibilities.

[PerryChase]

sdnativeson, I agree that’s important to be intellectually open to different ideas.

That would include giving consideration that universal healthcare would be good for our country, and that Arabs have some legitimate grievences against America. But somehow, I doubt that you would even entertain those possibilities.

[PerryChase]

I still don’t see how certain areas would be immune (or drop less percentage wise) to the downturn.

I looked at histories of individual houses and Carlsbad dropped just as much as Tierrasanta or Mira Mesa during the 1990s. Areas that appreciated and held up better were central areas such as Hillcrest, Mission Hills and Bay Park.

The Del Mar (the real one of popuplation of just 5000) even dropped. Houses weren’t moving there and people had more staying power so there were few sales.

[PerryChase]

I still don’t see how certain areas would be immune (or drop less percentage wise) to the downturn.

I looked at histories of individual houses and Carlsbad dropped just as much as Tierrasanta or Mira Mesa during the 1990s. Areas that appreciated and held up better were central areas such as Hillcrest, Mission Hills and Bay Park.

The Del Mar (the real one of popuplation of just 5000) even dropped. Houses weren’t moving there and people had more staying power so there were few sales.

[PerryChase]

I still don’t see how certain areas would be immune (or drop less percentage wise) to the downturn.

I looked at histories of individual houses and Carlsbad dropped just as much as Tierrasanta or Mira Mesa during the 1990s. Areas that appreciated and held up better were central areas such as Hillcrest, Mission Hills and Bay Park.

The Del Mar (the real one of popuplation of just 5000) even dropped. Houses weren’t moving there and people had more staying power so there were few sales.

[PerryChase]

I say 2000/2001 nominal prices. That’s about 50% off peak, I think.

When bugs talks, I listen.

[PerryChase]

I say 2000/2001 nominal prices. That’s about 50% off peak, I think.

When bugs talks, I listen.

[PerryChase]

I say 2000/2001 nominal prices. That’s about 50% off peak, I think.

When bugs talks, I listen.

[PerryChase]

mixxalot, you keep on talking about moving. Do it already!

You should move now, rent for cheap in Dallas and watch the market crash in SD. You’ll have save more money, have more comfortable living arrangements; and when the market does crash, move back SD with even more cash.

A friend of mine works in high tech. He reluctantly got transferred to Dallas (with big bonus). Now he’s paying less in rent for his townhouse with attached 2-car garage than he used to pay for his lousy Mission Valley 1bd apartment.

[PerryChase]

mixxalot, you keep on talking about moving. Do it already!

You should move now, rent for cheap in Dallas and watch the market crash in SD. You’ll have save more money, have more comfortable living arrangements; and when the market does crash, move back SD with even more cash.

A friend of mine works in high tech. He reluctantly got transferred to Dallas (with big bonus). Now he’s paying less in rent for his townhouse with attached 2-car garage than he used to pay for his lousy Mission Valley 1bd apartment.

[PerryChase]

mixxalot, you keep on talking about moving. Do it already!

You should move now, rent for cheap in Dallas and watch the market crash in SD. You’ll have save more money, have more comfortable living arrangements; and when the market does crash, move back SD with even more cash.

A friend of mine works in high tech. He reluctantly got transferred to Dallas (with big bonus). Now he’s paying less in rent for his townhouse with attached 2-car garage than he used to pay for his lousy Mission Valley 1bd apartment.

[PerryChase]

Another good post, bugs.

[PerryChase]

Another good post, bugs.

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