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I was hanging out with some Carmel Valley moms few days ago. Was talking housing with two of them.

One was a renter. Been watching for three years. Hoping for prices to come down. Said even if they do, she still may not be able to afford one.

The other recently leveraged her house to buy a business. Had to try 7 appplications and persistent negotiations. Was very surprised at how little her excellent credit helped in the approval process.

She said CV is holding up pretty well, but admits prices have clearly started to drop. I was surprised to hear anyone admit this, espeicially someone who borrowed so aggressively.

Said she hopes the market flies so she could “refinance and redecorate.” That’s a direct quote.

I thought these two ladies gave me a good feeling for the sentiment there. They have seen some prices coming down, but not really expecting that trend to continue in a dramatic fashion.

I see a banking crisis and wonder how anyone can imagine buying a house anywhere right now.

[sdduuuude]

I was hanging out with some Carmel Valley moms few days ago. Was talking housing with two of them.

One was a renter. Been watching for three years. Hoping for prices to come down. Said even if they do, she still may not be able to afford one.

The other recently leveraged her house to buy a business. Had to try 7 appplications and persistent negotiations. Was very surprised at how little her excellent credit helped in the approval process.

She said CV is holding up pretty well, but admits prices have clearly started to drop. I was surprised to hear anyone admit this, espeicially someone who borrowed so aggressively.

Said she hopes the market flies so she could “refinance and redecorate.” That’s a direct quote.

I thought these two ladies gave me a good feeling for the sentiment there. They have seen some prices coming down, but not really expecting that trend to continue in a dramatic fashion.

I see a banking crisis and wonder how anyone can imagine buying a house anywhere right now.

[sdduuuude]

I was hanging out with some Carmel Valley moms few days ago. Was talking housing with two of them.

One was a renter. Been watching for three years. Hoping for prices to come down. Said even if they do, she still may not be able to afford one.

The other recently leveraged her house to buy a business. Had to try 7 appplications and persistent negotiations. Was very surprised at how little her excellent credit helped in the approval process.

She said CV is holding up pretty well, but admits prices have clearly started to drop. I was surprised to hear anyone admit this, espeicially someone who borrowed so aggressively.

Said she hopes the market flies so she could “refinance and redecorate.” That’s a direct quote.

I thought these two ladies gave me a good feeling for the sentiment there. They have seen some prices coming down, but not really expecting that trend to continue in a dramatic fashion.

I see a banking crisis and wonder how anyone can imagine buying a house anywhere right now.

[sdduuuude]

I was hanging out with some Carmel Valley moms few days ago. Was talking housing with two of them.

One was a renter. Been watching for three years. Hoping for prices to come down. Said even if they do, she still may not be able to afford one.

The other recently leveraged her house to buy a business. Had to try 7 appplications and persistent negotiations. Was very surprised at how little her excellent credit helped in the approval process.

She said CV is holding up pretty well, but admits prices have clearly started to drop. I was surprised to hear anyone admit this, espeicially someone who borrowed so aggressively.

Said she hopes the market flies so she could “refinance and redecorate.” That’s a direct quote.

I thought these two ladies gave me a good feeling for the sentiment there. They have seen some prices coming down, but not really expecting that trend to continue in a dramatic fashion.

I see a banking crisis and wonder how anyone can imagine buying a house anywhere right now.

[sdduuuude]

It’s an effinmessocracy.

[sdduuuude]

It’s an effinmessocracy.

[sdduuuude]

It’s an effinmessocracy.

[sdduuuude]

It’s an effinmessocracy.

[sdduuuude]

It’s an effinmessocracy.

[sdduuuude]

X/10 is a farce. I know a guy who opened an office in India. After all was said and done, the total cost was about 70% of using local work. Quality wasn’t so much an issue but the time difference was. It’s a marginal decision. i.e. markets equilibrate and is no arbitrage there.

Good point, though, about telecommuting as a red flag for a worker that could be anywhere. If you are gonna telecommute, you have to make sure you’re very good.

[sdduuuude]

X/10 is a farce. I know a guy who opened an office in India. After all was said and done, the total cost was about 70% of using local work. Quality wasn’t so much an issue but the time difference was. It’s a marginal decision. i.e. markets equilibrate and is no arbitrage there.

Good point, though, about telecommuting as a red flag for a worker that could be anywhere. If you are gonna telecommute, you have to make sure you’re very good.

[sdduuuude]

X/10 is a farce. I know a guy who opened an office in India. After all was said and done, the total cost was about 70% of using local work. Quality wasn’t so much an issue but the time difference was. It’s a marginal decision. i.e. markets equilibrate and is no arbitrage there.

Good point, though, about telecommuting as a red flag for a worker that could be anywhere. If you are gonna telecommute, you have to make sure you’re very good.

[sdduuuude]

X/10 is a farce. I know a guy who opened an office in India. After all was said and done, the total cost was about 70% of using local work. Quality wasn’t so much an issue but the time difference was. It’s a marginal decision. i.e. markets equilibrate and is no arbitrage there.

Good point, though, about telecommuting as a red flag for a worker that could be anywhere. If you are gonna telecommute, you have to make sure you’re very good.

[sdduuuude]

X/10 is a farce. I know a guy who opened an office in India. After all was said and done, the total cost was about 70% of using local work. Quality wasn’t so much an issue but the time difference was. It’s a marginal decision. i.e. markets equilibrate and is no arbitrage there.

Good point, though, about telecommuting as a red flag for a worker that could be anywhere. If you are gonna telecommute, you have to make sure you’re very good.

[sdduuuude]

But they won’t necessarily pay a higher premium to live there instead of somewhere else than they have historically. That is – it’s all connected and right now the low end is pulling down on La Jolla.

[Author]

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