[socrattt]

[quote=briansd1][quote=gandalf]This is my point. ‘Government’ is not bad. It’s the people in our current government who sold out to corporate America and gutted conservative and time-tested Depression-era banking regulations. The answer is to get involved and change out the people who made these stupid decisions.

For my part, I think fundamental change requires reducing the role money and fundraising plays in our political process.[/quote]

I agree.

The real estate bubble was made possible by Wall Street “innovation” and lack of government regulation.

Had the government not allowed toxic loans, we would not have had the bubble nor the crash. Bubbles happen because of financing and leverage.

And jpinpb would be happily growing a vegetable garden and orchard in her affordable own house in PB. 😉

But the downtown towers would not have been built so I wouldn’t be happily renting downtown for a bargain when compared to cost of ownership (for those who don’t know, $700 – $1,000 HOA downtown is very common).[/quote]

Brian, no need to state the obvious. We all know your views and beliefs on government intervention and how you perceive it to be a great thing. We also know that you and Gandalf rarely disagree.

Your comment about bubbles happening due to financing and leveraging is sort of misrepresented. Carter and Clinton did their fair share of enabling a portion of the bubble factor. No need to get into that, but there’s definitely much more to the bubble equation than just financing and leveraging. And now we are creating another bubble with continued intervention.

[socrattt]

[quote=briansd1][quote=gandalf]This is my point. ‘Government’ is not bad. It’s the people in our current government who sold out to corporate America and gutted conservative and time-tested Depression-era banking regulations. The answer is to get involved and change out the people who made these stupid decisions.

For my part, I think fundamental change requires reducing the role money and fundraising plays in our political process.[/quote]

I agree.

The real estate bubble was made possible by Wall Street “innovation” and lack of government regulation.

Had the government not allowed toxic loans, we would not have had the bubble nor the crash. Bubbles happen because of financing and leverage.

And jpinpb would be happily growing a vegetable garden and orchard in her affordable own house in PB. 😉

But the downtown towers would not have been built so I wouldn’t be happily renting downtown for a bargain when compared to cost of ownership (for those who don’t know, $700 – $1,000 HOA downtown is very common).[/quote]

Brian, no need to state the obvious. We all know your views and beliefs on government intervention and how you perceive it to be a great thing. We also know that you and Gandalf rarely disagree.

Your comment about bubbles happening due to financing and leveraging is sort of misrepresented. Carter and Clinton did their fair share of enabling a portion of the bubble factor. No need to get into that, but there’s definitely much more to the bubble equation than just financing and leveraging. And now we are creating another bubble with continued intervention.

[socrattt]

[quote=briansd1][quote=gandalf]This is my point. ‘Government’ is not bad. It’s the people in our current government who sold out to corporate America and gutted conservative and time-tested Depression-era banking regulations. The answer is to get involved and change out the people who made these stupid decisions.

For my part, I think fundamental change requires reducing the role money and fundraising plays in our political process.[/quote]

I agree.

The real estate bubble was made possible by Wall Street “innovation” and lack of government regulation.

Had the government not allowed toxic loans, we would not have had the bubble nor the crash. Bubbles happen because of financing and leverage.

And jpinpb would be happily growing a vegetable garden and orchard in her affordable own house in PB. 😉

But the downtown towers would not have been built so I wouldn’t be happily renting downtown for a bargain when compared to cost of ownership (for those who don’t know, $700 – $1,000 HOA downtown is very common).[/quote]

Brian, no need to state the obvious. We all know your views and beliefs on government intervention and how you perceive it to be a great thing. We also know that you and Gandalf rarely disagree.

Your comment about bubbles happening due to financing and leveraging is sort of misrepresented. Carter and Clinton did their fair share of enabling a portion of the bubble factor. No need to get into that, but there’s definitely much more to the bubble equation than just financing and leveraging. And now we are creating another bubble with continued intervention.

[socrattt]

[quote=briansd1][quote=gandalf]This is my point. ‘Government’ is not bad. It’s the people in our current government who sold out to corporate America and gutted conservative and time-tested Depression-era banking regulations. The answer is to get involved and change out the people who made these stupid decisions.

For my part, I think fundamental change requires reducing the role money and fundraising plays in our political process.[/quote]

I agree.

The real estate bubble was made possible by Wall Street “innovation” and lack of government regulation.

Had the government not allowed toxic loans, we would not have had the bubble nor the crash. Bubbles happen because of financing and leverage.

And jpinpb would be happily growing a vegetable garden and orchard in her affordable own house in PB. 😉

But the downtown towers would not have been built so I wouldn’t be happily renting downtown for a bargain when compared to cost of ownership (for those who don’t know, $700 – $1,000 HOA downtown is very common).[/quote]

Brian, no need to state the obvious. We all know your views and beliefs on government intervention and how you perceive it to be a great thing. We also know that you and Gandalf rarely disagree.

Your comment about bubbles happening due to financing and leveraging is sort of misrepresented. Carter and Clinton did their fair share of enabling a portion of the bubble factor. No need to get into that, but there’s definitely much more to the bubble equation than just financing and leveraging. And now we are creating another bubble with continued intervention.

[socrattt]

[quote=briansd1][quote=gandalf]This is my point. ‘Government’ is not bad. It’s the people in our current government who sold out to corporate America and gutted conservative and time-tested Depression-era banking regulations. The answer is to get involved and change out the people who made these stupid decisions.

For my part, I think fundamental change requires reducing the role money and fundraising plays in our political process.[/quote]

I agree.

The real estate bubble was made possible by Wall Street “innovation” and lack of government regulation.

Had the government not allowed toxic loans, we would not have had the bubble nor the crash. Bubbles happen because of financing and leverage.

And jpinpb would be happily growing a vegetable garden and orchard in her affordable own house in PB. 😉

But the downtown towers would not have been built so I wouldn’t be happily renting downtown for a bargain when compared to cost of ownership (for those who don’t know, $700 – $1,000 HOA downtown is very common).[/quote]

Brian, no need to state the obvious. We all know your views and beliefs on government intervention and how you perceive it to be a great thing. We also know that you and Gandalf rarely disagree.

Your comment about bubbles happening due to financing and leveraging is sort of misrepresented. Carter and Clinton did their fair share of enabling a portion of the bubble factor. No need to get into that, but there’s definitely much more to the bubble equation than just financing and leveraging. And now we are creating another bubble with continued intervention.

[socrattt]

Interesting topic we have here. Brian sees government intervention as a good thing as he looks at things from a “today” standpoint rather than taking a took at the long term effect.

A stimulus may have been needed to fend off a potential collapse in 2008, but continued intervention can cause dramatic long term issues, which I believe are now right around the corner. The FED purchased mortgage back securities to push rates down, the banks kept inventory from flooding the markets and our government incentivized just about every bank to stay afloat.

At the end of the day the evidence is staggering. Some coastal areas that are lacking inventory are seeing 2005, 2006 prices. The banks are not only making money on their distressed property, but in some cases their subsidies make them more than the actual loan balance. The FDIC is involved in the payback process to many, but those funds will be short lived.

Does intervention help? Short term, most definitely, but the long term is my concern. The next 6-12 months will be a telling time for this country and San Diego. I believe America is on the verge of some very big changes and that we have some very large financial issues brewing. I didn’t believe America had the ability to control the markets as they did, but at some point free markets will dominate and a collapse is inevitable. We can only hope that the government will somehow detach itself from the housing market and realize that the housing market has to fix itself. Housing Bubble 2.0 is being created as we speak, the only question is how will it burst??

[socrattt]

Interesting topic we have here. Brian sees government intervention as a good thing as he looks at things from a “today” standpoint rather than taking a took at the long term effect.

A stimulus may have been needed to fend off a potential collapse in 2008, but continued intervention can cause dramatic long term issues, which I believe are now right around the corner. The FED purchased mortgage back securities to push rates down, the banks kept inventory from flooding the markets and our government incentivized just about every bank to stay afloat.

At the end of the day the evidence is staggering. Some coastal areas that are lacking inventory are seeing 2005, 2006 prices. The banks are not only making money on their distressed property, but in some cases their subsidies make them more than the actual loan balance. The FDIC is involved in the payback process to many, but those funds will be short lived.

Does intervention help? Short term, most definitely, but the long term is my concern. The next 6-12 months will be a telling time for this country and San Diego. I believe America is on the verge of some very big changes and that we have some very large financial issues brewing. I didn’t believe America had the ability to control the markets as they did, but at some point free markets will dominate and a collapse is inevitable. We can only hope that the government will somehow detach itself from the housing market and realize that the housing market has to fix itself. Housing Bubble 2.0 is being created as we speak, the only question is how will it burst??

[socrattt]

Interesting topic we have here. Brian sees government intervention as a good thing as he looks at things from a “today” standpoint rather than taking a took at the long term effect.

A stimulus may have been needed to fend off a potential collapse in 2008, but continued intervention can cause dramatic long term issues, which I believe are now right around the corner. The FED purchased mortgage back securities to push rates down, the banks kept inventory from flooding the markets and our government incentivized just about every bank to stay afloat.

At the end of the day the evidence is staggering. Some coastal areas that are lacking inventory are seeing 2005, 2006 prices. The banks are not only making money on their distressed property, but in some cases their subsidies make them more than the actual loan balance. The FDIC is involved in the payback process to many, but those funds will be short lived.

Does intervention help? Short term, most definitely, but the long term is my concern. The next 6-12 months will be a telling time for this country and San Diego. I believe America is on the verge of some very big changes and that we have some very large financial issues brewing. I didn’t believe America had the ability to control the markets as they did, but at some point free markets will dominate and a collapse is inevitable. We can only hope that the government will somehow detach itself from the housing market and realize that the housing market has to fix itself. Housing Bubble 2.0 is being created as we speak, the only question is how will it burst??

[socrattt]

Interesting topic we have here. Brian sees government intervention as a good thing as he looks at things from a “today” standpoint rather than taking a took at the long term effect.

A stimulus may have been needed to fend off a potential collapse in 2008, but continued intervention can cause dramatic long term issues, which I believe are now right around the corner. The FED purchased mortgage back securities to push rates down, the banks kept inventory from flooding the markets and our government incentivized just about every bank to stay afloat.

At the end of the day the evidence is staggering. Some coastal areas that are lacking inventory are seeing 2005, 2006 prices. The banks are not only making money on their distressed property, but in some cases their subsidies make them more than the actual loan balance. The FDIC is involved in the payback process to many, but those funds will be short lived.

Does intervention help? Short term, most definitely, but the long term is my concern. The next 6-12 months will be a telling time for this country and San Diego. I believe America is on the verge of some very big changes and that we have some very large financial issues brewing. I didn’t believe America had the ability to control the markets as they did, but at some point free markets will dominate and a collapse is inevitable. We can only hope that the government will somehow detach itself from the housing market and realize that the housing market has to fix itself. Housing Bubble 2.0 is being created as we speak, the only question is how will it burst??

[socrattt]

Interesting topic we have here. Brian sees government intervention as a good thing as he looks at things from a “today” standpoint rather than taking a took at the long term effect.

A stimulus may have been needed to fend off a potential collapse in 2008, but continued intervention can cause dramatic long term issues, which I believe are now right around the corner. The FED purchased mortgage back securities to push rates down, the banks kept inventory from flooding the markets and our government incentivized just about every bank to stay afloat.

At the end of the day the evidence is staggering. Some coastal areas that are lacking inventory are seeing 2005, 2006 prices. The banks are not only making money on their distressed property, but in some cases their subsidies make them more than the actual loan balance. The FDIC is involved in the payback process to many, but those funds will be short lived.

Does intervention help? Short term, most definitely, but the long term is my concern. The next 6-12 months will be a telling time for this country and San Diego. I believe America is on the verge of some very big changes and that we have some very large financial issues brewing. I didn’t believe America had the ability to control the markets as they did, but at some point free markets will dominate and a collapse is inevitable. We can only hope that the government will somehow detach itself from the housing market and realize that the housing market has to fix itself. Housing Bubble 2.0 is being created as we speak, the only question is how will it burst??

[socrattt]

I completely understand the shift of finances with baby boomers, but if we take into consideration a shift if market supply the prices go up regardless. People want a home and especially at 4.5%, so my guess is that nothing controls the market more than banks. If they continue to lag on pushing short sales through and continue to shy away from filing NOD’s we are going to keep playing this game for years to come.

I submitted another offer this week on a home completely overpriced by nearly 10%. Home wouldn’t appraise if it was gold plated. The same floor plan didn’t see any action 6 months ago at that price. There were multiple offers and some bone head came in at full asking all cash. This market isn’t going to do exactly the opposite we think it is. I know exactly what they are trying to do, but the problem is jobs, economic instability and debt play a huge role in the future of controlling inventory and eventually the markets will burst again.

I get irked seeing homes selling for 2005, 2006 prices right now.

[socrattt]

I completely understand the shift of finances with baby boomers, but if we take into consideration a shift if market supply the prices go up regardless. People want a home and especially at 4.5%, so my guess is that nothing controls the market more than banks. If they continue to lag on pushing short sales through and continue to shy away from filing NOD’s we are going to keep playing this game for years to come.

I submitted another offer this week on a home completely overpriced by nearly 10%. Home wouldn’t appraise if it was gold plated. The same floor plan didn’t see any action 6 months ago at that price. There were multiple offers and some bone head came in at full asking all cash. This market isn’t going to do exactly the opposite we think it is. I know exactly what they are trying to do, but the problem is jobs, economic instability and debt play a huge role in the future of controlling inventory and eventually the markets will burst again.

I get irked seeing homes selling for 2005, 2006 prices right now.

[socrattt]

I completely understand the shift of finances with baby boomers, but if we take into consideration a shift if market supply the prices go up regardless. People want a home and especially at 4.5%, so my guess is that nothing controls the market more than banks. If they continue to lag on pushing short sales through and continue to shy away from filing NOD’s we are going to keep playing this game for years to come.

I submitted another offer this week on a home completely overpriced by nearly 10%. Home wouldn’t appraise if it was gold plated. The same floor plan didn’t see any action 6 months ago at that price. There were multiple offers and some bone head came in at full asking all cash. This market isn’t going to do exactly the opposite we think it is. I know exactly what they are trying to do, but the problem is jobs, economic instability and debt play a huge role in the future of controlling inventory and eventually the markets will burst again.

I get irked seeing homes selling for 2005, 2006 prices right now.

[socrattt]

I completely understand the shift of finances with baby boomers, but if we take into consideration a shift if market supply the prices go up regardless. People want a home and especially at 4.5%, so my guess is that nothing controls the market more than banks. If they continue to lag on pushing short sales through and continue to shy away from filing NOD’s we are going to keep playing this game for years to come.

I submitted another offer this week on a home completely overpriced by nearly 10%. Home wouldn’t appraise if it was gold plated. The same floor plan didn’t see any action 6 months ago at that price. There were multiple offers and some bone head came in at full asking all cash. This market isn’t going to do exactly the opposite we think it is. I know exactly what they are trying to do, but the problem is jobs, economic instability and debt play a huge role in the future of controlling inventory and eventually the markets will burst again.

I get irked seeing homes selling for 2005, 2006 prices right now.

[socrattt]

I completely understand the shift of finances with baby boomers, but if we take into consideration a shift if market supply the prices go up regardless. People want a home and especially at 4.5%, so my guess is that nothing controls the market more than banks. If they continue to lag on pushing short sales through and continue to shy away from filing NOD’s we are going to keep playing this game for years to come.

I submitted another offer this week on a home completely overpriced by nearly 10%. Home wouldn’t appraise if it was gold plated. The same floor plan didn’t see any action 6 months ago at that price. There were multiple offers and some bone head came in at full asking all cash. This market isn’t going to do exactly the opposite we think it is. I know exactly what they are trying to do, but the problem is jobs, economic instability and debt play a huge role in the future of controlling inventory and eventually the markets will burst again.

I get irked seeing homes selling for 2005, 2006 prices right now.

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