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October 1, 2007 at 1:55 PM in reply to: Give me La Jolla’s ultimate rock-bottom price/sq ft – and when #86608
SHILOH
ParticipantIn this scenario – can a “tweak” like this keep prices high – or if the judge reduces the debt obligation..will that effectually drive prices down anyway?
ParticipantThe questions could be re-designed to measure the knowledge of the process..not just dates and numbers.
I would guess that many people who graduate from college don’t have basic knowledge.Ie: What was D-Day and Normandy?
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What causes the ocean tides?
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What is the Magna Carta?I have met college grads who would not be able to answer these questions.
September 28, 2007 at 7:51 AM in reply to: VOTE: state of the bubble collapse, Worse, OR Better than your expectation? #86215ParticipantThe foreclosure and credit crunch happened faster than I expected. Price decline rate are happening as expected.
I would say like another poster, 2011 or 2012 might be bottom. For me, one question is what is going to prop up the SD economy from the loss of housing related income?ParticipantThe only thing I didn’t like about HI was the feeling of being stuck on an island. Island Fever.
September 25, 2007 at 12:01 PM in reply to: Greenspan and the Vaunted Bay Area Both Going Down #85840ParticipantIf Greenspan did such a great job of keeping the ship from sinking…why now, just as he leaves, the whole thing taking on so much water? I think he had a tremendous amount of power to influence the conditions that created the current mess.
ParticipantI think Greenspan knew the effect and did nothing acting like a lunatic – he used his power to create and watch his economic experiment.
How could this “expert” not know the outcome?
I don’t think Greenspan cares what happens to middle America. He has all his wealth and his “speech” money at about $100K a shot.It begs the question — he and the others like those in the millionaires club that we call the Senate and Congress —
what are they REALLy experts at?ParticipantDoes the inventory number include properties the banks may be sitting on to keep their balance sheets looking better than they are? If the inventory that banks are sitting on is not represented from foreclosed property – then it’s hard to say how much inventory is out there.
September 12, 2007 at 8:12 AM in reply to: August numbers out. No impact of the credit crunch in San Diego… #84254ParticipantAside from declining property value, what other costs do banks accumulate for sitting on inventory? DO they pay the property tax?
September 10, 2007 at 10:00 AM in reply to: Helicopter Drops and Lollipops…why the Fed saving your SD house is a Myth #84032ParticipantCan someone explain how holding cash…dollars…will be a good thing while the dollar is falling. The dollar last week went below 80 cents. I also heard the Chinese are dumping the dollars they hold. So – how will that affect house pricing in the future?
ParticipantThe problem now is the dollar. Even with saving for a future purchase..the dollar dropped last week below 80 cents. The Chinese are starting to dump their dollars and who can blame them.
The dollar stands to lose(more of) it’s purchasing power.
But I did hear one commentator on NPR say that if the US economy coughs, the rest of the world could get pneumonia. I don’t know how true that is.
ParticipantThe Chinese, the Dutch, the Germans….this is a US global blight…and by that I mean “disease.” If we are aware of the shoddy and unscrupulous practices of this system…imagine what the rest of the world is going to think.
In late July, IKB abandoned a profit forecast for the 2007-2008 fiscal year of €280 million ($382 million). It said it had “felt the impact of the crisis in the U.S. sub-prime mortgage market,” and said its chief executive, Stefan Ortseifen, had resigned.(CNN MONEY, 9/3/07)
…and I heard on NPR that that the European banks involved are injecting a lot more money into their banking crisis that the US.
Participantewwww…slimed again.
ParticipantIf you cannot do the math…you have no business buying a $400K home. I am not going to feel sorry for them, any more than I would expect someone to coddle me if I went to France and did something stupid.
It seems to me the immigrants can do math well enough to figure out how to maximize their “benefits” when they come into the US. Perhaps if they realized they need to read their contract….MAYBE it would have prevented their so-called “victimization.” The last thing we need is immigrants who can’t function with financial sense. We already have plenty of born-Americans with that problem.
ParticipantI had no idea the Reader was such lousy bleeding heart reporting.
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