Forum Replies Created
-
AuthorPosts
-
sobmaz
ParticipantI keep hearing that line.
Need I point out that in San Diego during the early 80’s the average home price reflected 3 to 4 times annual income? So yes, when rates went up, prices stagnated rather than declined. Stagnation during inflation has the net affect of decreasing the REAL price.
Now, in North Park for example, the average house is anywhere between 7 and 10 times average wages.
It all seems pretty simple, never before have we had housing prices so out of whack. What happened in the past cannot be a predictor of the future.
Pretty simple if you ask me, interest rates will have a far far more drasitic effect compared to any other time.
ParticipantHellloooo????????????????
Did you notice the Federal Government has started sending checks to people? As they increasingly continue this, won’t that get the newly printed dollars in circulation?
I am not a Nobel Peace Prize winner but common sense says when more and more people are laid off and stop producing goods or services and then the Federal Gooberment sends them money to compete with the fewer and fewer goods and services, inflation is a certainty.
And, it seems to me we had an abundance of labor in the 70’s yet we also had some serious inflation. The Deflationists claim an abundance of labor prevents inflation.
‘Splane Lucy, ‘splane!
ParticipantHellloooo????????????????
Did you notice the Federal Government has started sending checks to people? As they increasingly continue this, won’t that get the newly printed dollars in circulation?
I am not a Nobel Peace Prize winner but common sense says when more and more people are laid off and stop producing goods or services and then the Federal Gooberment sends them money to compete with the fewer and fewer goods and services, inflation is a certainty.
And, it seems to me we had an abundance of labor in the 70’s yet we also had some serious inflation. The Deflationists claim an abundance of labor prevents inflation.
‘Splane Lucy, ‘splane!
ParticipantHellloooo????????????????
Did you notice the Federal Government has started sending checks to people? As they increasingly continue this, won’t that get the newly printed dollars in circulation?
I am not a Nobel Peace Prize winner but common sense says when more and more people are laid off and stop producing goods or services and then the Federal Gooberment sends them money to compete with the fewer and fewer goods and services, inflation is a certainty.
And, it seems to me we had an abundance of labor in the 70’s yet we also had some serious inflation. The Deflationists claim an abundance of labor prevents inflation.
‘Splane Lucy, ‘splane!
ParticipantHellloooo????????????????
Did you notice the Federal Government has started sending checks to people? As they increasingly continue this, won’t that get the newly printed dollars in circulation?
I am not a Nobel Peace Prize winner but common sense says when more and more people are laid off and stop producing goods or services and then the Federal Gooberment sends them money to compete with the fewer and fewer goods and services, inflation is a certainty.
And, it seems to me we had an abundance of labor in the 70’s yet we also had some serious inflation. The Deflationists claim an abundance of labor prevents inflation.
‘Splane Lucy, ‘splane!
ParticipantHellloooo????????????????
Did you notice the Federal Government has started sending checks to people? As they increasingly continue this, won’t that get the newly printed dollars in circulation?
I am not a Nobel Peace Prize winner but common sense says when more and more people are laid off and stop producing goods or services and then the Federal Gooberment sends them money to compete with the fewer and fewer goods and services, inflation is a certainty.
And, it seems to me we had an abundance of labor in the 70’s yet we also had some serious inflation. The Deflationists claim an abundance of labor prevents inflation.
‘Splane Lucy, ‘splane!
ParticipantPerhaps in many places but not San Diego.
I am watching 50 or so houses of inventory a day disappear!
Since the end of Feb. inventory has dropped every single day except for a couple.
In my opinion, the Fed is winning the game of blowing the bubble back up. I guess I will take my housing profits and invest in something else until this birthing bubble pops.
ParticipantPerhaps in many places but not San Diego.
I am watching 50 or so houses of inventory a day disappear!
Since the end of Feb. inventory has dropped every single day except for a couple.
In my opinion, the Fed is winning the game of blowing the bubble back up. I guess I will take my housing profits and invest in something else until this birthing bubble pops.
ParticipantPerhaps in many places but not San Diego.
I am watching 50 or so houses of inventory a day disappear!
Since the end of Feb. inventory has dropped every single day except for a couple.
In my opinion, the Fed is winning the game of blowing the bubble back up. I guess I will take my housing profits and invest in something else until this birthing bubble pops.
ParticipantPerhaps in many places but not San Diego.
I am watching 50 or so houses of inventory a day disappear!
Since the end of Feb. inventory has dropped every single day except for a couple.
In my opinion, the Fed is winning the game of blowing the bubble back up. I guess I will take my housing profits and invest in something else until this birthing bubble pops.
ParticipantPerhaps in many places but not San Diego.
I am watching 50 or so houses of inventory a day disappear!
Since the end of Feb. inventory has dropped every single day except for a couple.
In my opinion, the Fed is winning the game of blowing the bubble back up. I guess I will take my housing profits and invest in something else until this birthing bubble pops.
Participanthttp://www.oldcoinshop.com/site/
I bought about half of my Gold and Silver from these guys, but haven’t dealt with them since 2003 however I think they are the same guys running it now.
Also, I bought half of my stuff from California Numismatic http://www.golddealer.com/ . These guys are up in LA but no one can beat the price. The Old Coin Shop above is competitive but you can save if you are buying a large quantity by taking a drive up to LA.
That said, I only bought Gold and Silver from these guys, no collectible coins so my recommendation is only about Silver and Gold. Always got what I expected, no tricks.
Participanthttp://www.oldcoinshop.com/site/
I bought about half of my Gold and Silver from these guys, but haven’t dealt with them since 2003 however I think they are the same guys running it now.
Also, I bought half of my stuff from California Numismatic http://www.golddealer.com/ . These guys are up in LA but no one can beat the price. The Old Coin Shop above is competitive but you can save if you are buying a large quantity by taking a drive up to LA.
That said, I only bought Gold and Silver from these guys, no collectible coins so my recommendation is only about Silver and Gold. Always got what I expected, no tricks.
Participanthttp://www.oldcoinshop.com/site/
I bought about half of my Gold and Silver from these guys, but haven’t dealt with them since 2003 however I think they are the same guys running it now.
Also, I bought half of my stuff from California Numismatic http://www.golddealer.com/ . These guys are up in LA but no one can beat the price. The Old Coin Shop above is competitive but you can save if you are buying a large quantity by taking a drive up to LA.
That said, I only bought Gold and Silver from these guys, no collectible coins so my recommendation is only about Silver and Gold. Always got what I expected, no tricks.
-
AuthorPosts