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January 25, 2007 at 2:05 PM in reply to: Loan Advertised on KFI – Pay $20 per month per $100k borrowed #44189
PerryChase
ParticipantYou can contact Rich at [email protected]. He’s an independent guy who setup my network for me.
Participantdeadzone, i agree that the Republican’s support of Bush is pure partisanship. Had a Democrat bungled Iraq, there would’ve been major reprisals. Republicans strongly opposed Clinton’s foreign policy actions such Kosovo and Somalia.
I’m guessing that Republicans are privately reeling over Bush’s proposal to spend $1 billion on a jobs program in Iraq.
ParticipantI believe that the changes were because higher inflation means higher prices, not due to Prop 13 or other tax code changes. How does the Prop 13 affect prices to the upside? I would argue that Prop 13 suppresses prices by reducing a potential pool of buyers.
Prop 13 probably translated into immediate increases that got built-into the prices of houses that were selling at the time — just like tax breaks get priced-into asset prices. Therefore we are better off letting the market do its own things and forget the tax incentives.
If people don’t sell their houses, that reduces inventory. Old-time owners would require a bigger windfall to be coaxed into buying a new house with a higher tax basis. How would that depress prices?
I’m reluctant to sell my house because of my lower property tax basis. I’d have to sell at a proportionately higher price to be persuaded to pay higher property taxes. $600/mo increase in property taxes means one extra nice vacation each year. I wouldn’t want to give that up by moving to a house that isn’t at least $600/mo better.
ParticipantVery astute point, jg. What you say makes perfect sense to me. If interest rates and inflation are high, then households are more likely to put their money into savings accounts.
ParticipantGreat chart, jg. If there’s one thing that we agree on, it’s housing. 🙂
ParticipantThere was no concensus on Iraq. It was politically correct to acquiesce to the “use of force” at that time. There was no vote for the war, just a resolution giving Bush the leeway to do what was needed to stop terrorism. Bush chose war.
It’s the medical concensus that it’s bad to be fat. It’s also politically correct to say that “fat is beautiful” and that beauty is in the eyes of the beholder.
ParticipantConcho is right. There is no need to debate if global warming is caused by humans. It’s happening.
There’s real demand for clean industries/technologies. As a country, we need to position ourselves as the leader in the field. Look at Ford and GM. They got fat and happy on gas gluzzlers. They are now going bankrupt and will eventually need a taxpayer bailout. Toyota and Honda are a generation ahead in terms of technology.
I would retrofit my house with solar panels if the technology were cost effective. That would be an investment in our future well-being. Wouldn’t your children be happy to inherit a house that came with no utility bills?
If anything, green technologies will provide us a clean, pleasant environment to live in.
Remember the acid rain and smog alerts of the 1970s and 1980s? If it weren’t for the environmental movement, those problem would still be with us today. Thanks to environmental regulations, we have fairly clean cars and industries today. The problem that we need to tackle now is the CO2.
January 24, 2007 at 3:41 PM in reply to: “If I hadn’t survived, everything would have been fine.” #44123Participant"Three times a week, they call and say, 'Where's my money?' " he said. "If I hadn't survived, everything would have been fine."
I don’t understand how Brown’s life or death has anything to do with the value of his house. Had he died, his wife would’ve been stuck with the same mess alone. Maybe he’s got a big life insurance policy.
ParticipantBush is becoming isolated.
He’s loosing his base of religious voters for condoning the lesbian relationship of Mary Cheney who is having a baby.
He’s loosing his base of business executives who want health care reform. Those business executives feel that American industry are unfairly asked to shoulder the health care cost of workers. Foreign company don’t have that enormous cost.
He’s slowly loosing the Republican military voters who see Iraq as a quagmire.
He’s slowing loosing the Southern voters whose sons and daughters are sent to Iraq.
He’s loosing the pro-development, bulldoze everything, crowd as the Real Estate market is in the dumps and there’s no more money to be made. The electricians, pumbers and contractors who are loosing their jobs will soon turn against him.
Bush is trying to reclaim the center by talking about a humane solution to illegal immigration, health care, alternative fuels and global warming. Too little too late, Mister.
Bush’s divide and conquer strategy are leaving him with no friends.
ParticipantProminent Republicans are speaking out against Bush
http://www.cnn.com/2007/POLITICS/01/24/us.iraq.ap/index.html
“I am not confident that President Bush’s plan will succeed,” said Sen. Richard Lugar of Indiana, senior Republican on the committee.
“There is no strategy,” he said of the Bush administration’s war management. “This is a pingpong game with American lives. These young men and women that we put in Anbar province, in Iraq, in Baghdad are not beans; they’re real lives. And we better be damn sure we know what we’re doing, all of us, before we put 22,000 more Americans into that grinder.”
A Vietnam veteran, he fairly lectured fellow senators not to duck a painful debate about a war that has grown increasingly unpopular as it has gone on. “No president of the United States can sustain a foreign policy or a war policy without the sustained support of the American people,” Hagel said.
At least eight other Republican senators say they now back legislative proposals registering objections to Bush’s decision to boost U.S. military strength in Iraq by 21,500 troops.
The growing list — which includes Sens. Gordon Smith, George Voinovich and Sam Brownback — has emboldened Democrats, who are pushing for a vote in the full Senate by next week to rebuke the president’s Iraq policy.
“I wonder whether the clock has already run out,” said Sen. Susan Collins, R-Maine. She said she was worried that U.S. troops in Iraq are already perceived “not as liberators but as occupiers.”
ParticipantThe buck stops here. The second owner didn’t have much luck.
350 K ST #605, SD – Downtown, CA 92101**
List Price: $699,000 – $699,000
Sales History
Date Price
08/11/2004 $735,000
02/01/2002 $480,000Bedrooms: 2
Full Baths: 2
Partial Baths: 0
Square Feet: 1,024
Lot Size: N/A
Year Built: 2002
Listing Date: 01/22/07
On Market: 2 days
Type: CONDO/TH
Status: ACTIVE
MLS #: 076006764http://sdlookup.com/PropertyDetails/tabid/53/forumid/1/view/topics/pid/9C2B85B1/Default.aspx
http://www.ziprealty.com/buy_a_home/logged_in/search/home_detail.jsp?listing_num=076006764&mls=mls_sandiego&cKey=36fqlg3l&source=SANDICORParticipantAnother flip flop.
1501 FRONT ST. #408, SD – Downtown, CA 92101**List Price: $499,900 – $499,900
Sale History 04/01/2005 $515,050Bedrooms: 2
Full Baths: 2
Partial Baths: 0
Square Feet: 1,065
Lot Size: N/A
Year Built: 2004
Listing Date: 01/23/07
On Market: 1 day
Type: CONDO/TH
Status: ACTIVE
MLS #: 076006643http://sdlookup.com/PropertyDetails/tabid/53/forumid/1/view/topics/pid/E4B227E0/Default.aspx
http://www.ziprealty.com/buy_a_home/logged_in/search/home_detail.jsp?listing_num=076006643&mls=mls_sandiego&cKey=l3d6gk6r&source=SANDICORParticipantIn a down market, builders are the ones moving the prices downward. No matter the market conditions, builders need to continue selling houses to earn a living.
Sellers of resale houses hold on to their high prices until certain catalysts (job move, divorce, children going to college, flip gone flop, etc…) in their lives force price reductions and sales.
The promotional email updates I get from builders show that they ahead of the market and lower than resale houses.
ParticipantRepublicans would say that we should pray to Almighty God. Global warming or not, as long as we pray real hard, God will be come to help us.
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