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Ren
ParticipantI’ve been watching Carlsbad/La Costa for many years, and while I don’t have the experience that you folks do, it seems obvious that while that area will always command a premium over inland areas, homes there will see very nearly as big a decline, if not just as big, percentage-wise. In the late 90’s, 2-3k sq ft homes in nice neighborhoods were going for $300-400k, and I just can’t see any reason why they won’t end up at $400-500k. It will just take a few more years. The coast always echoed inland price drops in the past, and I find the same reasons for well-off people relocating there also existed when prices weren’t exorbitant.
ParticipantI’ve been watching Carlsbad/La Costa for many years, and while I don’t have the experience that you folks do, it seems obvious that while that area will always command a premium over inland areas, homes there will see very nearly as big a decline, if not just as big, percentage-wise. In the late 90’s, 2-3k sq ft homes in nice neighborhoods were going for $300-400k, and I just can’t see any reason why they won’t end up at $400-500k. It will just take a few more years. The coast always echoed inland price drops in the past, and I find the same reasons for well-off people relocating there also existed when prices weren’t exorbitant.
ParticipantI’ve been watching Carlsbad/La Costa for many years, and while I don’t have the experience that you folks do, it seems obvious that while that area will always command a premium over inland areas, homes there will see very nearly as big a decline, if not just as big, percentage-wise. In the late 90’s, 2-3k sq ft homes in nice neighborhoods were going for $300-400k, and I just can’t see any reason why they won’t end up at $400-500k. It will just take a few more years. The coast always echoed inland price drops in the past, and I find the same reasons for well-off people relocating there also existed when prices weren’t exorbitant.
ParticipantI’ve been watching Carlsbad/La Costa for many years, and while I don’t have the experience that you folks do, it seems obvious that while that area will always command a premium over inland areas, homes there will see very nearly as big a decline, if not just as big, percentage-wise. In the late 90’s, 2-3k sq ft homes in nice neighborhoods were going for $300-400k, and I just can’t see any reason why they won’t end up at $400-500k. It will just take a few more years. The coast always echoed inland price drops in the past, and I find the same reasons for well-off people relocating there also existed when prices weren’t exorbitant.
August 31, 2008 at 6:10 PM in reply to: Sarah Palin is a brilliant pick as next VP of the US #264180Participant[quote=arraya]
She is a Christian fundamentalist, an ardent believer in creationism, and proponent of introducing creationism into the science curriculum in public schools.
[/quote]It scares me to think people like this actually make it into influential positions. I think we should introduce Norse Mythology while we’re at it:
August 31, 2008 at 6:10 PM in reply to: Sarah Palin is a brilliant pick as next VP of the US #264388Participant[quote=arraya]
She is a Christian fundamentalist, an ardent believer in creationism, and proponent of introducing creationism into the science curriculum in public schools.
[/quote]It scares me to think people like this actually make it into influential positions. I think we should introduce Norse Mythology while we’re at it:
August 31, 2008 at 6:10 PM in reply to: Sarah Palin is a brilliant pick as next VP of the US #264392Participant[quote=arraya]
She is a Christian fundamentalist, an ardent believer in creationism, and proponent of introducing creationism into the science curriculum in public schools.
[/quote]It scares me to think people like this actually make it into influential positions. I think we should introduce Norse Mythology while we’re at it:
August 31, 2008 at 6:10 PM in reply to: Sarah Palin is a brilliant pick as next VP of the US #264446Participant[quote=arraya]
She is a Christian fundamentalist, an ardent believer in creationism, and proponent of introducing creationism into the science curriculum in public schools.
[/quote]It scares me to think people like this actually make it into influential positions. I think we should introduce Norse Mythology while we’re at it:
August 31, 2008 at 6:10 PM in reply to: Sarah Palin is a brilliant pick as next VP of the US #264485Participant[quote=arraya]
She is a Christian fundamentalist, an ardent believer in creationism, and proponent of introducing creationism into the science curriculum in public schools.
[/quote]It scares me to think people like this actually make it into influential positions. I think we should introduce Norse Mythology while we’re at it:
Participant[quote=Procolherring]
Am I the only one who heard that they owned the house outright before using it as an ATM to pay for (supposedly necessary) medical bills?
[/quote]We heard it, and it’s one reason I have such a hard time sympathizing. They were doing fine, better than fine, until they used their house as an ATM. Note that she didn’t break her ankle until AFTER the loan was taken out and spent. What the hell did they do all those years without a mortgage? Sit on the couch and drink? That’s very likely exactly what they did.
[quote]
It really does gall me, though, that either due to a young age or hubris, those here can’t imagine a scenario where despite their best efforts, they might fall victim to the vagaries of life. Shit happens. Life isn’t fair. It just is. A serious ongoing illness, in America, insurance or no insurance, could wipe you out in a heartbeat.
[/quote]Certainly awful things can happen, but their medical issues in particular are relatively minor. Again, they were in an ideal situation without a mortgage payment. In order for things to go so terribly wrong for them, there was a lot more going on than just arthritis, such as extended periods of unemployment.
Participant[quote=Procolherring]
Am I the only one who heard that they owned the house outright before using it as an ATM to pay for (supposedly necessary) medical bills?
[/quote]We heard it, and it’s one reason I have such a hard time sympathizing. They were doing fine, better than fine, until they used their house as an ATM. Note that she didn’t break her ankle until AFTER the loan was taken out and spent. What the hell did they do all those years without a mortgage? Sit on the couch and drink? That’s very likely exactly what they did.
[quote]
It really does gall me, though, that either due to a young age or hubris, those here can’t imagine a scenario where despite their best efforts, they might fall victim to the vagaries of life. Shit happens. Life isn’t fair. It just is. A serious ongoing illness, in America, insurance or no insurance, could wipe you out in a heartbeat.
[/quote]Certainly awful things can happen, but their medical issues in particular are relatively minor. Again, they were in an ideal situation without a mortgage payment. In order for things to go so terribly wrong for them, there was a lot more going on than just arthritis, such as extended periods of unemployment.
Participant[quote=Procolherring]
Am I the only one who heard that they owned the house outright before using it as an ATM to pay for (supposedly necessary) medical bills?
[/quote]We heard it, and it’s one reason I have such a hard time sympathizing. They were doing fine, better than fine, until they used their house as an ATM. Note that she didn’t break her ankle until AFTER the loan was taken out and spent. What the hell did they do all those years without a mortgage? Sit on the couch and drink? That’s very likely exactly what they did.
[quote]
It really does gall me, though, that either due to a young age or hubris, those here can’t imagine a scenario where despite their best efforts, they might fall victim to the vagaries of life. Shit happens. Life isn’t fair. It just is. A serious ongoing illness, in America, insurance or no insurance, could wipe you out in a heartbeat.
[/quote]Certainly awful things can happen, but their medical issues in particular are relatively minor. Again, they were in an ideal situation without a mortgage payment. In order for things to go so terribly wrong for them, there was a lot more going on than just arthritis, such as extended periods of unemployment.
Participant[quote=Procolherring]
Am I the only one who heard that they owned the house outright before using it as an ATM to pay for (supposedly necessary) medical bills?
[/quote]We heard it, and it’s one reason I have such a hard time sympathizing. They were doing fine, better than fine, until they used their house as an ATM. Note that she didn’t break her ankle until AFTER the loan was taken out and spent. What the hell did they do all those years without a mortgage? Sit on the couch and drink? That’s very likely exactly what they did.
[quote]
It really does gall me, though, that either due to a young age or hubris, those here can’t imagine a scenario where despite their best efforts, they might fall victim to the vagaries of life. Shit happens. Life isn’t fair. It just is. A serious ongoing illness, in America, insurance or no insurance, could wipe you out in a heartbeat.
[/quote]Certainly awful things can happen, but their medical issues in particular are relatively minor. Again, they were in an ideal situation without a mortgage payment. In order for things to go so terribly wrong for them, there was a lot more going on than just arthritis, such as extended periods of unemployment.
Participant[quote=Procolherring]
Am I the only one who heard that they owned the house outright before using it as an ATM to pay for (supposedly necessary) medical bills?
[/quote]We heard it, and it’s one reason I have such a hard time sympathizing. They were doing fine, better than fine, until they used their house as an ATM. Note that she didn’t break her ankle until AFTER the loan was taken out and spent. What the hell did they do all those years without a mortgage? Sit on the couch and drink? That’s very likely exactly what they did.
[quote]
It really does gall me, though, that either due to a young age or hubris, those here can’t imagine a scenario where despite their best efforts, they might fall victim to the vagaries of life. Shit happens. Life isn’t fair. It just is. A serious ongoing illness, in America, insurance or no insurance, could wipe you out in a heartbeat.
[/quote]Certainly awful things can happen, but their medical issues in particular are relatively minor. Again, they were in an ideal situation without a mortgage payment. In order for things to go so terribly wrong for them, there was a lot more going on than just arthritis, such as extended periods of unemployment.
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