[SD Realtor]

Well I think we all are actually on the same page and saying it in different ways. Yes Rus the jobs thing is what does seem to be the most intractable problem. sdr agreed with all you said above and patb I agree with those U3 numbers.

[SD Realtor]

Well I think we all are actually on the same page and saying it in different ways. Yes Rus the jobs thing is what does seem to be the most intractable problem. sdr agreed with all you said above and patb I agree with those U3 numbers.

[SD Realtor]

Well I think we all are actually on the same page and saying it in different ways. Yes Rus the jobs thing is what does seem to be the most intractable problem. sdr agreed with all you said above and patb I agree with those U3 numbers.

[SD Realtor]

Well I think we all are actually on the same page and saying it in different ways. Yes Rus the jobs thing is what does seem to be the most intractable problem. sdr agreed with all you said above and patb I agree with those U3 numbers.

[SD Realtor]

San Diego is one of the best climates on the planet. It has a wide diversity of jobs, and is simply a very very VERY nice place to live. The median home price has never matched up to any other averages, not now, not 10 years ago, not 20 years ago. It is doubtful that they ever will. There are plenty of affordable areas in San Diego but they may not be in neighborhoods that you want to live in. The market is set by the buyers not the sellers. The fact is that there are plenty of buyers willing to pay more as they have the means to be able to do so.

[SD Realtor]

San Diego is one of the best climates on the planet. It has a wide diversity of jobs, and is simply a very very VERY nice place to live. The median home price has never matched up to any other averages, not now, not 10 years ago, not 20 years ago. It is doubtful that they ever will. There are plenty of affordable areas in San Diego but they may not be in neighborhoods that you want to live in. The market is set by the buyers not the sellers. The fact is that there are plenty of buyers willing to pay more as they have the means to be able to do so.

[SD Realtor]

San Diego is one of the best climates on the planet. It has a wide diversity of jobs, and is simply a very very VERY nice place to live. The median home price has never matched up to any other averages, not now, not 10 years ago, not 20 years ago. It is doubtful that they ever will. There are plenty of affordable areas in San Diego but they may not be in neighborhoods that you want to live in. The market is set by the buyers not the sellers. The fact is that there are plenty of buyers willing to pay more as they have the means to be able to do so.

[SD Realtor]

San Diego is one of the best climates on the planet. It has a wide diversity of jobs, and is simply a very very VERY nice place to live. The median home price has never matched up to any other averages, not now, not 10 years ago, not 20 years ago. It is doubtful that they ever will. There are plenty of affordable areas in San Diego but they may not be in neighborhoods that you want to live in. The market is set by the buyers not the sellers. The fact is that there are plenty of buyers willing to pay more as they have the means to be able to do so.

[SD Realtor]

San Diego is one of the best climates on the planet. It has a wide diversity of jobs, and is simply a very very VERY nice place to live. The median home price has never matched up to any other averages, not now, not 10 years ago, not 20 years ago. It is doubtful that they ever will. There are plenty of affordable areas in San Diego but they may not be in neighborhoods that you want to live in. The market is set by the buyers not the sellers. The fact is that there are plenty of buyers willing to pay more as they have the means to be able to do so.

[SD Realtor]

Thanks for the offer but I don’t drink. The changes we are going through do not keep me awake at night. They do however guide some decisions I make regarding longer term issues for myself and family. Just because I look reality square in the eye doesn’t mean I run away and hide from it. You only get one chance to live life so choosing to shrink and hide is a sad decision.

Many years ago I came to the realization that trying to fight or change things that are insurmountable or manipulated by the powers that be is a waste of my time and effort. Trying to time markets for absolute bottoms and such is another waste of time. In a manipulated housing market I found flipping was a great short term opportunity. In a rock bottom interest rate environment there are other golden opportunities for people to take advantage of cheap money. Similarly when interest rates are sky high other opportunities will be there.

I am a realist and thinking Shawshank redemption and smiling and thinking well in 40 years this will all be different and things will have magically taken care of themselves is not something I prefer to rely on. In the grand scheme of things opportunities always present themselves and that is what I look out for.

However things are not changing for the better and I think many people will be challenged. At some point our lives will change and the adult lives for our kids will be much different then ours because they will not enjoy as robust an economy as we did. As Rus implied, (not sure if he was joking or not) maybe they will be international slaves whatever that means.

[SD Realtor]

Thanks for the offer but I don’t drink. The changes we are going through do not keep me awake at night. They do however guide some decisions I make regarding longer term issues for myself and family. Just because I look reality square in the eye doesn’t mean I run away and hide from it. You only get one chance to live life so choosing to shrink and hide is a sad decision.

Many years ago I came to the realization that trying to fight or change things that are insurmountable or manipulated by the powers that be is a waste of my time and effort. Trying to time markets for absolute bottoms and such is another waste of time. In a manipulated housing market I found flipping was a great short term opportunity. In a rock bottom interest rate environment there are other golden opportunities for people to take advantage of cheap money. Similarly when interest rates are sky high other opportunities will be there.

I am a realist and thinking Shawshank redemption and smiling and thinking well in 40 years this will all be different and things will have magically taken care of themselves is not something I prefer to rely on. In the grand scheme of things opportunities always present themselves and that is what I look out for.

However things are not changing for the better and I think many people will be challenged. At some point our lives will change and the adult lives for our kids will be much different then ours because they will not enjoy as robust an economy as we did. As Rus implied, (not sure if he was joking or not) maybe they will be international slaves whatever that means.

[SD Realtor]

Thanks for the offer but I don’t drink. The changes we are going through do not keep me awake at night. They do however guide some decisions I make regarding longer term issues for myself and family. Just because I look reality square in the eye doesn’t mean I run away and hide from it. You only get one chance to live life so choosing to shrink and hide is a sad decision.

Many years ago I came to the realization that trying to fight or change things that are insurmountable or manipulated by the powers that be is a waste of my time and effort. Trying to time markets for absolute bottoms and such is another waste of time. In a manipulated housing market I found flipping was a great short term opportunity. In a rock bottom interest rate environment there are other golden opportunities for people to take advantage of cheap money. Similarly when interest rates are sky high other opportunities will be there.

I am a realist and thinking Shawshank redemption and smiling and thinking well in 40 years this will all be different and things will have magically taken care of themselves is not something I prefer to rely on. In the grand scheme of things opportunities always present themselves and that is what I look out for.

However things are not changing for the better and I think many people will be challenged. At some point our lives will change and the adult lives for our kids will be much different then ours because they will not enjoy as robust an economy as we did. As Rus implied, (not sure if he was joking or not) maybe they will be international slaves whatever that means.

[SD Realtor]

Thanks for the offer but I don’t drink. The changes we are going through do not keep me awake at night. They do however guide some decisions I make regarding longer term issues for myself and family. Just because I look reality square in the eye doesn’t mean I run away and hide from it. You only get one chance to live life so choosing to shrink and hide is a sad decision.

Many years ago I came to the realization that trying to fight or change things that are insurmountable or manipulated by the powers that be is a waste of my time and effort. Trying to time markets for absolute bottoms and such is another waste of time. In a manipulated housing market I found flipping was a great short term opportunity. In a rock bottom interest rate environment there are other golden opportunities for people to take advantage of cheap money. Similarly when interest rates are sky high other opportunities will be there.

I am a realist and thinking Shawshank redemption and smiling and thinking well in 40 years this will all be different and things will have magically taken care of themselves is not something I prefer to rely on. In the grand scheme of things opportunities always present themselves and that is what I look out for.

However things are not changing for the better and I think many people will be challenged. At some point our lives will change and the adult lives for our kids will be much different then ours because they will not enjoy as robust an economy as we did. As Rus implied, (not sure if he was joking or not) maybe they will be international slaves whatever that means.

[SD Realtor]

Thanks for the offer but I don’t drink. The changes we are going through do not keep me awake at night. They do however guide some decisions I make regarding longer term issues for myself and family. Just because I look reality square in the eye doesn’t mean I run away and hide from it. You only get one chance to live life so choosing to shrink and hide is a sad decision.

Many years ago I came to the realization that trying to fight or change things that are insurmountable or manipulated by the powers that be is a waste of my time and effort. Trying to time markets for absolute bottoms and such is another waste of time. In a manipulated housing market I found flipping was a great short term opportunity. In a rock bottom interest rate environment there are other golden opportunities for people to take advantage of cheap money. Similarly when interest rates are sky high other opportunities will be there.

I am a realist and thinking Shawshank redemption and smiling and thinking well in 40 years this will all be different and things will have magically taken care of themselves is not something I prefer to rely on. In the grand scheme of things opportunities always present themselves and that is what I look out for.

However things are not changing for the better and I think many people will be challenged. At some point our lives will change and the adult lives for our kids will be much different then ours because they will not enjoy as robust an economy as we did. As Rus implied, (not sure if he was joking or not) maybe they will be international slaves whatever that means.

[SD Realtor]

I believe that the larger a system/market is, the harder it becomes to have a secular change that is defined by a single direction. Translation, things do not go straight down or straight up. We are not going to have a system collapse all at once. Just like anything else, lower lows and lower highs. Our currency for instance just doesn’t nose dive all at once. It becomes more worthless in fits and starts, over a period of many years. I also believe that for a period of time, the worse things get that we will be told the better they are.

If you believe a system that operates with a govt in severe debt that cannot help but spend more then it has, then is consistently forced to service its debt by selling that debt to other countries, and now services debt by printing its own money and buying its own securities, and it has also provided money to other countries, and has municipalities and states within it that are essentially insolvent, and buys the majority of goods from those same countries that are it’s creditors and has a shriveled manufacturing base, and has the majority of it’s large companies manufacture and produce overseas… well if you think that “this” system is A-OK because of increased consumer spending, and/or less Craigslist postings…. well I guess we have quite differing views.

Those who feel we can simply press a reset button and default on our debt are as ostrich like as anyone else. Follow the trail… if we do default on our debt then what? Who will be our creditor? How can our govt continue to provide more services, entitlements, even universal healthcare, when nobody will credit us? Any ideas? Who will pay to build the superdeeduper high tech railroads that will save our economy?

Yes I hear the crickets chirping…

The answer is nobody. We will have to bite the bullet and live within our means.

This doesn’t mean that everyone will be broke. This doesn’t mean lots and lots of engineers, attorneys, biotech guys, service workers, and DINK families in San Diego will not be buying in Carmel Valley and Encinitas. However it does mean there will be fairly major changes that are most probably defined by much higher taxes at both state and federal levels and lower standards of services by those same govt entities.

Doesn’t seem that hard to figure out and it isn’t gonna happen tomorrow or the next day. Yet to think we will simply push our way out via revenue increases or some other entity coming to our rescue please tell me who or what will do that.

[Author]

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