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poorsaver
ParticipantEconProf, the numbers do add up. The area I’m talking about is Diamond Bar. I live in an exclusive community called “The Country”. Perhaps you saw it on TV news with the recent fires. It was one of the evacuated neighborhoods. I sold my house for $2.0M in Nov.’05. True, San Diego peaked at that time, buy my particular area didn’t peak until mid to late ’07. Here’s the zillow link: http://www.zillow.com/homedetails/1813-Diamond-Knoll-Ln-Diamond-Bar-CA-91765/21661162_zpid
Per zillow, which I know has it’s inconsistencies, it’s currently valued at $2.4M. Checking with my realtor, it does seem to be accurate. So my originally posted math is correct. It does concern me that for each year I rent, over $30K is going bye bye for a house that is not mine. At some point I’m sure that the rent spent will exceed the savings from any decline. I am hoping that this (2009) will finally be the year that my area will get hit, and hit hard to make it all worthwhile.
ParticipantEconProf, the numbers do add up. The area I’m talking about is Diamond Bar. I live in an exclusive community called “The Country”. Perhaps you saw it on TV news with the recent fires. It was one of the evacuated neighborhoods. I sold my house for $2.0M in Nov.’05. True, San Diego peaked at that time, buy my particular area didn’t peak until mid to late ’07. Here’s the zillow link: http://www.zillow.com/homedetails/1813-Diamond-Knoll-Ln-Diamond-Bar-CA-91765/21661162_zpid
Per zillow, which I know has it’s inconsistencies, it’s currently valued at $2.4M. Checking with my realtor, it does seem to be accurate. So my originally posted math is correct. It does concern me that for each year I rent, over $30K is going bye bye for a house that is not mine. At some point I’m sure that the rent spent will exceed the savings from any decline. I am hoping that this (2009) will finally be the year that my area will get hit, and hit hard to make it all worthwhile.
ParticipantEconProf, the numbers do add up. The area I’m talking about is Diamond Bar. I live in an exclusive community called “The Country”. Perhaps you saw it on TV news with the recent fires. It was one of the evacuated neighborhoods. I sold my house for $2.0M in Nov.’05. True, San Diego peaked at that time, buy my particular area didn’t peak until mid to late ’07. Here’s the zillow link: http://www.zillow.com/homedetails/1813-Diamond-Knoll-Ln-Diamond-Bar-CA-91765/21661162_zpid
Per zillow, which I know has it’s inconsistencies, it’s currently valued at $2.4M. Checking with my realtor, it does seem to be accurate. So my originally posted math is correct. It does concern me that for each year I rent, over $30K is going bye bye for a house that is not mine. At some point I’m sure that the rent spent will exceed the savings from any decline. I am hoping that this (2009) will finally be the year that my area will get hit, and hit hard to make it all worthwhile.
ParticipantEconProf, the numbers do add up. The area I’m talking about is Diamond Bar. I live in an exclusive community called “The Country”. Perhaps you saw it on TV news with the recent fires. It was one of the evacuated neighborhoods. I sold my house for $2.0M in Nov.’05. True, San Diego peaked at that time, buy my particular area didn’t peak until mid to late ’07. Here’s the zillow link: http://www.zillow.com/homedetails/1813-Diamond-Knoll-Ln-Diamond-Bar-CA-91765/21661162_zpid
Per zillow, which I know has it’s inconsistencies, it’s currently valued at $2.4M. Checking with my realtor, it does seem to be accurate. So my originally posted math is correct. It does concern me that for each year I rent, over $30K is going bye bye for a house that is not mine. At some point I’m sure that the rent spent will exceed the savings from any decline. I am hoping that this (2009) will finally be the year that my area will get hit, and hit hard to make it all worthwhile.
ParticipantThis type of behavior will not stop until all the sheeple are bankrupt and unemployed. Simply put, Americans don’t know how to save money. Hence, the terms “shopping spree”, “I’d rather be shopping at ********’s”, “shop ’til you drop” were all coin right here in America. And the government supports this by “stimulus” checks and easy credit. We’re doomed.
ParticipantThis type of behavior will not stop until all the sheeple are bankrupt and unemployed. Simply put, Americans don’t know how to save money. Hence, the terms “shopping spree”, “I’d rather be shopping at ********’s”, “shop ’til you drop” were all coin right here in America. And the government supports this by “stimulus” checks and easy credit. We’re doomed.
ParticipantThis type of behavior will not stop until all the sheeple are bankrupt and unemployed. Simply put, Americans don’t know how to save money. Hence, the terms “shopping spree”, “I’d rather be shopping at ********’s”, “shop ’til you drop” were all coin right here in America. And the government supports this by “stimulus” checks and easy credit. We’re doomed.
ParticipantThis type of behavior will not stop until all the sheeple are bankrupt and unemployed. Simply put, Americans don’t know how to save money. Hence, the terms “shopping spree”, “I’d rather be shopping at ********’s”, “shop ’til you drop” were all coin right here in America. And the government supports this by “stimulus” checks and easy credit. We’re doomed.
ParticipantThis type of behavior will not stop until all the sheeple are bankrupt and unemployed. Simply put, Americans don’t know how to save money. Hence, the terms “shopping spree”, “I’d rather be shopping at ********’s”, “shop ’til you drop” were all coin right here in America. And the government supports this by “stimulus” checks and easy credit. We’re doomed.
ParticipantI’ve been reading the Market Ticker for over a year now, and I have to admit that for the most part, Karl’s been spot on. Some of his political observations are a bit over the top, but I can’t fault him for his market perceptions. Scary thing is that he feels our economy is going into a depression, possibly to exceed GD1, due to the failed policies of our gov’t. If that prediction/observation comes true, then what’s to prevent house prices coming down 90 percent, as they did in the 30’s? I’ve heard that some houses (not like the ones in Detroit) were selling for $100. Adjust that for today’s dollars, and houses could be as cheap as $10,000. For real.
ParticipantI’ve been reading the Market Ticker for over a year now, and I have to admit that for the most part, Karl’s been spot on. Some of his political observations are a bit over the top, but I can’t fault him for his market perceptions. Scary thing is that he feels our economy is going into a depression, possibly to exceed GD1, due to the failed policies of our gov’t. If that prediction/observation comes true, then what’s to prevent house prices coming down 90 percent, as they did in the 30’s? I’ve heard that some houses (not like the ones in Detroit) were selling for $100. Adjust that for today’s dollars, and houses could be as cheap as $10,000. For real.
ParticipantI’ve been reading the Market Ticker for over a year now, and I have to admit that for the most part, Karl’s been spot on. Some of his political observations are a bit over the top, but I can’t fault him for his market perceptions. Scary thing is that he feels our economy is going into a depression, possibly to exceed GD1, due to the failed policies of our gov’t. If that prediction/observation comes true, then what’s to prevent house prices coming down 90 percent, as they did in the 30’s? I’ve heard that some houses (not like the ones in Detroit) were selling for $100. Adjust that for today’s dollars, and houses could be as cheap as $10,000. For real.
ParticipantI’ve been reading the Market Ticker for over a year now, and I have to admit that for the most part, Karl’s been spot on. Some of his political observations are a bit over the top, but I can’t fault him for his market perceptions. Scary thing is that he feels our economy is going into a depression, possibly to exceed GD1, due to the failed policies of our gov’t. If that prediction/observation comes true, then what’s to prevent house prices coming down 90 percent, as they did in the 30’s? I’ve heard that some houses (not like the ones in Detroit) were selling for $100. Adjust that for today’s dollars, and houses could be as cheap as $10,000. For real.
ParticipantI’ve been reading the Market Ticker for over a year now, and I have to admit that for the most part, Karl’s been spot on. Some of his political observations are a bit over the top, but I can’t fault him for his market perceptions. Scary thing is that he feels our economy is going into a depression, possibly to exceed GD1, due to the failed policies of our gov’t. If that prediction/observation comes true, then what’s to prevent house prices coming down 90 percent, as they did in the 30’s? I’ve heard that some houses (not like the ones in Detroit) were selling for $100. Adjust that for today’s dollars, and houses could be as cheap as $10,000. For real.
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