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PerryChase
ParticipantHowever much we like to complain about prices in San Diego (or California in general), we have it pretty good compared to other places in the world (wages to housing prices wise).
In poor countries, it’s very common for houses to cost $100k to $1M but the average salary to be only $200/month. Eastern Europe is the most horrible place to live if you’re poor. The freezing winter cold kills thousands of people per year. Better to live in a shack in tropical Thailand where the weather is warm and you can grow your own food.
ParticipantThe Republican Party is not for small government. They are for imposing their values on America; but rather then doing it in a convincing manner, they bully their way around. That’s why I think that they need a lesson.
When I was a teenager, our family used to take road trips on European country roads (way before GPS and MapQuest). I would argue about the best way to get to destination. Well, my dad said “you lead the way, son.” Sometimes, we wouldn’t get to destination until late in the evening. Well, I learned humility and I learned cooperation.
ParticipantHow about a prepaid type web service? Like a prepaid phone card? You pay for what you use until you need to recharge.
ParticipantBikeRider, just curious, where do you buy your OSB sheets? Are those the same as metal siding/roofing? I want to build a 10×20 pavillion (free standing patio cover) that has an island/tropical look — kinda like a Balinese gazebo but with metal roofing and concrete slab (for low maintenance).
Participantbgates, I think that the best course of action for the country is new leadership and a whole new policy. That won’t happen until 2008.
There’s no point for the Democrats to risk their political skins arguing with Bush and his neo-cons because they won’t listen. The Republicans will just label them defeatists. Let him have his way and when his policy fails, the voters will throw them all out. Long run, that’s, in my view, the best thing for our country and the world.
I’m not rooting for failure. But I can’t help but think that’s where we’re headed.
On partisanship, Carl Rove took it to new heights. Bullies don’t undertand compromise and talking it over; they believe it’s weakness. The Republicans need a taste of their own medicine so they feel the pain. Just like school bullies, the extreme right doesn’t understand reason… They need a hard punch to stop the intimidation.
ParticipantYes, lumber prices have dropped precipitously and will continue to drop for lack of demand in my view.
That will make new construction pencil out at lower price points. As new construction comes in below resale houses, it will hold down housing price.
Here’s the price history of lumber. I’m too lazy to graph it.
http://www.nahb.org/generic.aspx?genericContentID=527ParticipantCrappy washer/dryer downtown. That’s one thing that bothers me with downtown condos. For the price they want, sellers should at least provide premium appliances not the cheap kinds that you’d want to throw away.
ParticipantDefinitely 2004 Pricing.
1643 6TH AVENUE #405, SD – Downtown, CA 92101**
List Price: $720,000 – $720,000
Sales History
Date Price
10/07/2004 $795,661Bedrooms: 3
Full Baths: 2
Partial Baths: 0
Square Feet: 1,702
Lot Size: N/A
Year Built: 2004
Listing Date: 09/27/06
On Market: 104 days
Type: CONDO/TH
Status: ACTIVE
MLS #: 066082681http://sdlookup.com/PropertyDetails/tabid/53/forumid/1/view/topics/pid/263A98BA/Default.aspx
Description
Motivated seller-see cfr. Awesome property & opportunity to own an almost-new 3-br(!),top flr,sw corner unit w/fabulous views,3 balconies,an oversized granite kitchen w/movable center island,crown molding,huge laundry rm, & a bright & sunny interior-priced @ an amazing $423 per sq.Ft!Definitely the best-priced 3-br downtown
——-The best-priced Downtown but still sitting for 104 days.
ParticipantThis is an interesting read on the International monetary system. Some economists call our current system Bretton Woods II.
ParticipantThings are never simple, they are all interrelated.
If we have inflation and cause the Chinese to loose a chunk of their Dollar holdings, they’ll be mad at us and thus will be less likely to cooperate where we need them (Korea, Afghanistan, Iran, etc..) They will need to make it up somehow even if they need to go against us (a big loss in the value of their Dollar holdings will cause them to think that we are not trustworthy and that we screwed them).
Same with the oil producing countries. They have large dollar holdings and they won’t be happy. They may then start trading their oil in Euros, Yens and Yuans. That will be a problem for us because that will reduce our ability to pay for oil in depreciating dollars.
Why are we in the Middle East? To assert our influence/relevance so that oil producing countries have confidence in our ability to shape events and continue the petrodollar regime.
Remember, we have it really good because of the dollar being the reserve currency. That is we pay with our own currency so we don’t have to “work” to earn foreign reserves. Foreigner sell us goods and we give them paper dollars. Those same dollars are then re-invested in our economy generating growth for us. Our standard of living is high because we can exchange paper dollars for all the stuff we fill our homes with.
Economists are talking about the beginning of “decoupling” that is Europe and Asia’s ability to sustain growth without America. America is still the biggest buyer of everything but “decoupling” will happen sooner of later — just like globalization cannot be stopped.
However we manage our economy we have to be mindful of how our lenders perceive us. Confidence in the US Dollar is critical to our national security. Remember, once you get bad credit you pay more for everything.
ParticipantThe Fed will try to pull another rabbit out of the hat. However, they’re running out of rabbits. Inflation will cause foreigners to loose on their investments; they’ll demand higher returns which will cause rates to go up. That might cause housing prices to drop while consumer prices increase. We are now too endebted to foreigners not to worry about the global repercussions.
The best course of action is to let the markets work and flush all the crap out of the system.
ParticipantOverall a win for the USofA. We want well to do foreigners to come and live here.
ParticipantCertain magazines I subscribe to provide web access to their subscribers. But that’s about all I indirectly pay for.
I’m not against paying… but there’re so much distractions out there, so many unexplored content that you can easily find an alternative. For example, I use to read the NYT opinion pages. Since they went pay, I switched to Piggington. I guess I have a short attention span and low loyalty.
I never had cable TV and but I had high speed Internet access at home since the beginning. Perhaps one day I’ll pay for Internet content but I haven’t found anything compelling yet.
ParticipantTechnically, we are in a buyers’ market. But I hate that term because it implies “run out and buy.” Let’s find another term to use. Any ideas?
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