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I regret not buying a rental at SDSU when my kid was there.

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Funny …i remember trying to buy this negative shirt back in 2009 or so and they were sold out. Should’ve been a sign the worst was over…

http://driftingcamera.blogspot.com/2010/01/hamburger-eyes-t-shirts.html?m=1

Good shirt to wear for the next crash

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Hope for the worst, expect the best. Or wait, was it hope for the best, expect the worst? Shit I can’t remember.

I think for me it’s hope for the worst expect the worst.

Used to have a mug I liked that had dancing hot dogs and said

Hope for the best but expect the ‘wurst.

Hahaha

The worst for a vegan is the wurst.

A crash is always coming but no one knows when or how deep

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I still have the brochure I got from honda in 1988 for my civic.

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[quote=sdrealtor][quote=deadzone][quote=an][quote=deadzone]Perhaps, but you mentioned yourself sometime abo that Carmel Valley was being bought up by Chinese money. And regarding people moving here from “more expensive places in US” in reality there are very few places in the US with higher housing costs than San Diego, Bay Area being the most obvious.[/quote]
Really? How about anywhere in OC, LA, entire bay area, NYC? SD is dirty cheap compare to those area.[/quote]

Yes you basically just named every area in the U.S. that is more expensive than San Diego. The rest of the country not so much.[/quote]

There you go again creating your own negativity. There are very expensive towns all over this country. They may not be big MSA’s but how about Jupiter Florida, Highland Park Illinois, Greenwich Connecticut , Park City Utah, Hawaii, Broadmor Washington, Wellesley Massachusetts and I could go on. People move here from those places also. You can talk yourself out of anything

Still haven’t answered my question[/quote]

Doesn’t every state have a rich town? NM kind of a broke state, but Santa Fe is wealthy.

Hanover new Hampshire.

Boston generally.

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[quote=Rich Toscano]Ah gotcha… I thought you were saying your prediction was for SD as a whole.[/quote]

It’s tough to make predictions, especially about the future.
Yogi Berra

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[quote=svelte][quote=an][quote=svelte][quote=an]
Yes, every crash is different. Not every crash cause everything to crash. Oil prices in the 70s caused massive inflation and housing went up almost 10x.
[/quote]

The stock market crashed in the 70s.[/quote]
But not housing. Like I said, not everything crashes. Housing went up almost 10x.[/quote]

That is an absurd claim. I was going to spend time this weekend researching it and show you, but I just figured out I already have two data points that demonstrate how outlandish it is.

I’ve stated previously that my father purchased a 3/2 1500 SF house in the central valley for $21K in 1970.

When I arrived in San Diego in 1987, a single family 3/2 1500 SF house – brand new – was selling for $100K-105K in Mira Mesa. I distinctly remember taking my dad over to show him those ridiculous prices.

San Diego, including Mira Mesa, has always been more expensive that the central valley.

If my dad’s 1970 house had went up 10x in the 1970s, it should have been worth $210K in 1980. It most definitely was not, and the fact that anyone could walk into a new development in Mira Mesa in 1987 and buy a brand new 3/2 1500 SF for $100K demonstrates that even at 17 years, prices hadn’t even went up 5x yet.

Totally bogus claim.[/quote]

Where I was raised early in Brooklyn, brownstones were about 5k. Now, about 5 million. Actually, more…

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[quote=deadzone][quote=sdrealtor]I suspect you are lazy so I’ll give you the cliff notes version. Spot one! No one on this site came close to how accurate mine were. Feel free to confirm
[/quote]

Nice, another douchebag response. Go ahead and keep patting yourself on the back and keep cheerleading real estate prices to the moon. The fact that you don’t realize or care that the majority of young people have no chance of ever being homeowners is not important to you, as long as you are doing well. Great for you.

If you want to hang your had on predicting that NC would become high end, or OC south, fine but that wasn’t going out on a limb. But you absolutely didn’t predict the 2008 crash as so many on this site warned about. Now you also predict there will not be another crash. Perhaps not, but your track record on predicting market crashes is not good.[/quote]

young people should be able to afford homes.

(though probably not in the neighborhood everyone wants)

wealth should be more equitably distributed.

(however, poor people historically have a hard time holding on to money)

America should be less filled with assholes.

(but it’s hard to change the national character…)

etc. of what use are such statements, except at occupy wall street rallies? (however, they may not have any use even there–too tepid…(so sad that David Graeber, OWS founder, recently died at 59; I loved his history book “Debt: the first 5,000 years” (although to be honest, I didn’t read the whole tome, just around 200 pps, skimmed the rest, though I did read his book on bureacracy in whole, which I liked even more; kinda wonder what his estate looked like)). he had just hit the mainstream with BULLSHIT JOBS….I bet he was financially on the upswing.

i do regret not going to nyc to occupy wall street with him.

I was unfortunately busy working my ass off back in 09. Protest wasn’t on my radar. Kids, 401ks, drinking too much, trying not to get divorced, work work work. Shopping for a damned short sale or foreclosure..

59 .just 1 year older than me. Acute pancreatitis, his obit say. Im going to the doc if my pancreas hurts…15 months without a drink for me….

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my general problem over my lifetime is confusing what should be with what is.

in spite of that, I’ve actually done remarkably well, all things considered. I attribute this to being married to a normal woman who makes decisions based on reasonable information and not overthinking things.

basically, I agonize over choices, and do whatever she says, unless it seems utterly insane, which hasn’t happened yet.

which is not to say I do everything she says. I dress how I like. I also recently started wearing a phone/wallet holster, over her objection.

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[quote=Coronita][quote=scaredyclassic]Gift tastes go out of style…but tp is forever. Except, well, I’m liking those baby wipes nowadays.

Also, one major investment strategy that sees candies screws up is investing in your teeth. If you can just keep your own teeth you could save 50k plus in dental implants!!!

Avoid sugar if you can and floss like your life depends on it. Also, try neem powder. Remedy from India. My mouth feels awesome when I use it. Not available anywhere but internet, except for minute quantities in toothpaste. Could be a big item someday. Maybe I should get in the neem game.[/quote]

Sees candies has not gone out of business for over 100 years.[/quote]

Polaroid. 1999.

[scaredyclassic]

Gift tastes go out of style…but tp is forever. Except, well, I’m liking those baby wipes nowadays.

Also, one major investment strategy that sees candies screws up is investing in your teeth. If you can just keep your own teeth you could save 50k plus in dental implants!!!

Avoid sugar if you can and floss like your life depends on it. Also, try neem powder. Remedy from India. My mouth feels awesome when I use it. Not available anywhere but internet, except for minute quantities in toothpaste. Could be a big item someday. Maybe I should get in the neem game.

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Smart lady. Stock up on shovels for little shoveler.

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I think everyone can make 5 to 10 perc guaranteed easily.

Just stock up on household supplies. Spend 10 k at Costco, same stuff will be 11k in 2022.

Just make sure you use your garbage bags and toothpaste sparingly to maintain savings.

Problem is storage costs and holding costs. Do I really want to buy 2025s toilet paper this weekend? My return is lower if I have to wait 6 years to use that floss.

This also runs counter to my other investment strategy, the highest yielding trick ever…don’t spend money. I had an available bowl that was 10.29! Seemed high to me.

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Is there a scenario where interest rates are not under governmental control?

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[quote=deadzone][quote=svelte]I think I’ve been crossing back and forth between two topics in this thread and haven’t made myself clear.

Do I think housing prices will drop? Yes, at some point in the next fews years. As bad as 2008? Nope. It may not hit 20% down as sdr points out.

What I do think will happen is that stocks will crash. Probably greater than 20%, perhaps 30, unsure about 40. And I’m totally unsure of the timing of that.

I could totally be behind the times. Perhaps we are drawing so many tech jobs that housing prices won’t dip. Certainly a possibility.

Another thing I may not be factoring in is just what sdr pointed out. House price increases aren’t linear. At least in my neighborhood, we are coming off a few years of not impressive price increases. Then this year hit. Perhaps it is making up for past years when we got overlooked, and when viewed through that lens perhaps 30% increase is justified.

I don’t know. I’m not an expert. I just play one on the internet.[/quote]

If there is a stock market crash, housing will crash too, guaranteed. The same forces are blowing up both bubbles. And if there is a crash, it will be far worse than 2008. That bubble was purely housing and mortgages, now there is more insane speculative money out there than I’ve ever seen. This makes the dot com bubble look like child’s play. This bubble is everywhere. Look at the insane housing prices, stocks, crypto currencies, even baseball cards. I not kidding, I follow sports collectibles and there are cards auctioning off for 7 figures on a weekly basis. This is insane and unprecedented.[/quote]

From a recent blog on comic book speculation.

(I do own a giant size X-Men 1 in a safe deposit box sadly not super high grade.

Purchased new as a lad.

Too bad I didn’t buy a handful of them.

I would never sell. Comic book analyst here sounds savvier and soberer than most wall St. Analysts…..)

Conclusion
Our current comic book market is one of the hottest markets I have ever seen. Many knowledgeable people in the industry are comparing it to the crazy 90s comic book boom and bust. During that time, comic book speculation became an off-the-hook gambling mentality. People chased books with no clue as to the value. Speculators were storing Modern Age books of no value in storage lockers. Books like the X-Men #1 (1991) were simply hunted to the point of delirium. The result was a comic book market collapse and many retail establishments going out of business.

Now, we have a market on stimulation steroids fueled with crazed online buying due to the pandemic. The key factor for this burst of buying is the added stimulus checks. How will this end? Who knows? I definitely believe history will not repeat itself as speculators are a tad savvier than they used to be. That said, I predict within a year everything will be relatively back to normal (God willing). Hopefully, we should see this level of speculation subside. Either that, or books like Giant-Size X-Men #1 will be approaching the $100K barrier. At this point, nothing would shock me in comic book speculation except the level of denial for people that think it can go on forever.

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