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socrattt
Participant[quote=bob2007]Opinions will vary widely. Stay 5-10 years, probably ok. Have to sell in less than 5 years, maybe a 10%ish type loss. To me, even if it costs me 10%, if my quality of life goes up (meaning I am happier overall), its worth it.[/quote]
Bob, this is speculation at its best. Do yourself a favor and try not to throw numbers out. A higher than 10% decline is much more likely and the chances are if the banks were forced to release inventory there would be a much greater decline in many areas.
I had a meeting with some bankers at Chase on Friday and we discussed the issue of inventory. Chase alone currently has over 350,000 homes off the market. Sounds like anyone trying to predict the market could be off by a large margin if you ask me.
If you are looking at a home purchase at any point as a financial investment do yourself a favor and rent. The market (real estate and economic markets) will change dramatically in the next 12-18 months, so just be weary of the potential issues when contemplating a purchase.
Participant[quote=bob2007]Opinions will vary widely. Stay 5-10 years, probably ok. Have to sell in less than 5 years, maybe a 10%ish type loss. To me, even if it costs me 10%, if my quality of life goes up (meaning I am happier overall), its worth it.[/quote]
Bob, this is speculation at its best. Do yourself a favor and try not to throw numbers out. A higher than 10% decline is much more likely and the chances are if the banks were forced to release inventory there would be a much greater decline in many areas.
I had a meeting with some bankers at Chase on Friday and we discussed the issue of inventory. Chase alone currently has over 350,000 homes off the market. Sounds like anyone trying to predict the market could be off by a large margin if you ask me.
If you are looking at a home purchase at any point as a financial investment do yourself a favor and rent. The market (real estate and economic markets) will change dramatically in the next 12-18 months, so just be weary of the potential issues when contemplating a purchase.
Participant[quote=bob2007]Opinions will vary widely. Stay 5-10 years, probably ok. Have to sell in less than 5 years, maybe a 10%ish type loss. To me, even if it costs me 10%, if my quality of life goes up (meaning I am happier overall), its worth it.[/quote]
Bob, this is speculation at its best. Do yourself a favor and try not to throw numbers out. A higher than 10% decline is much more likely and the chances are if the banks were forced to release inventory there would be a much greater decline in many areas.
I had a meeting with some bankers at Chase on Friday and we discussed the issue of inventory. Chase alone currently has over 350,000 homes off the market. Sounds like anyone trying to predict the market could be off by a large margin if you ask me.
If you are looking at a home purchase at any point as a financial investment do yourself a favor and rent. The market (real estate and economic markets) will change dramatically in the next 12-18 months, so just be weary of the potential issues when contemplating a purchase.
Participant[quote=bob2007]Opinions will vary widely. Stay 5-10 years, probably ok. Have to sell in less than 5 years, maybe a 10%ish type loss. To me, even if it costs me 10%, if my quality of life goes up (meaning I am happier overall), its worth it.[/quote]
Bob, this is speculation at its best. Do yourself a favor and try not to throw numbers out. A higher than 10% decline is much more likely and the chances are if the banks were forced to release inventory there would be a much greater decline in many areas.
I had a meeting with some bankers at Chase on Friday and we discussed the issue of inventory. Chase alone currently has over 350,000 homes off the market. Sounds like anyone trying to predict the market could be off by a large margin if you ask me.
If you are looking at a home purchase at any point as a financial investment do yourself a favor and rent. The market (real estate and economic markets) will change dramatically in the next 12-18 months, so just be weary of the potential issues when contemplating a purchase.
February 16, 2010 at 7:30 PM in reply to: Shall we buy or never in San Diego or wait for more depreciation? #513754Participant[quote=Nor-LA-SD-guy]In Zimbabwe,
Home and Land owners are King.
FYI.[/quote]
Especially if you are white!
February 16, 2010 at 7:30 PM in reply to: Shall we buy or never in San Diego or wait for more depreciation? #513902Participant[quote=Nor-LA-SD-guy]In Zimbabwe,
Home and Land owners are King.
FYI.[/quote]
Especially if you are white!
February 16, 2010 at 7:30 PM in reply to: Shall we buy or never in San Diego or wait for more depreciation? #514326Participant[quote=Nor-LA-SD-guy]In Zimbabwe,
Home and Land owners are King.
FYI.[/quote]
Especially if you are white!
February 16, 2010 at 7:30 PM in reply to: Shall we buy or never in San Diego or wait for more depreciation? #514418Participant[quote=Nor-LA-SD-guy]In Zimbabwe,
Home and Land owners are King.
FYI.[/quote]
Especially if you are white!
February 16, 2010 at 7:30 PM in reply to: Shall we buy or never in San Diego or wait for more depreciation? #514668Participant[quote=Nor-LA-SD-guy]In Zimbabwe,
Home and Land owners are King.
FYI.[/quote]
Especially if you are white!
Participant[quote=Allan from Fallbrook][quote=briansd1][quote=felix]
Again we didn’t choose this war. Saddam did.[/quote]I don’t agree with you.
But what does it matter who started what?
I thought America was all about taking the moral high-ground?
We just need to do the right thing for our country. The money spent on the military industrial complex would have been better spent elsewhere.[/quote]
Brian: Do you argue just to argue? Like stirring the pot? On the one hand, you argue that it is about “ideas” and “ideals”, especially Democrat/Democratic ideas and ideals.
On the other hand, you argue that it isn’t about ideas and ideals at all, its about pragmatism.
So which is it? You can’t have it both ways (although you try).
As far as the US goes, its always been about resource acquisition and retention. From Lewis & Clark to the Louisiana Purchase to Manifest Destiny to Gunboat Diplomacy to “Remember the Maine!” through WWI and WWII and the containment policy and Vietnam through the present day, the policy has remained unchanged.
As far as the “Military-Industrial Complex” goes, where do you think those bitchin’ weapons systems we use to keep the oil flowing come from?
And, if you want to have some real fun, watch what happens to our Chinese buddies in Africa (Nigeria especially) when they start trying to control the supply of oil and ship it home from the Dark Continent. Its not covered in the news, but Chinese “security forces” are already shipping something back to the Middle Kingdom and it ain’t oil. Its bodies. Yup, insurgents in Nigeria have already targeted Chinese facilities and personnel and China is finding out firsthand just how ugly shit can get when it comes to satisfying that oil jones.[/quote]
Allan, once again your thoughts are exactly mine. I love how we still have a few ignorant sheep on here who like to compare the 70’s, 80’s and 90’s to today. Every facet of our debt is so complex and unmanageable at this point, that to call this an ordinary cycle is asinine.
Of course the thought is that America could never go bankrupt, which I sort of believe as we will continue to print money to save ourselves regardless and just keep raising the debt ceiling. It’s obvious at this point most Piggs are on the same page, but folks like Brian and NorCal still fail to see the writing on the wall. But that’s America for you.
America is the blind leading the blind. I’m an advocate for common sense, but some just can’t deal reality. The honest truth is no one truly knows when the poop will hit the fan. What we can say is it will and I believe our days leading normal lives will change very soon.
On that note, I need to get back to work to support everyone else in this country. It’s not easy paying 40%+ in taxes but someone has got do it :).
Participant[quote=Allan from Fallbrook][quote=briansd1][quote=felix]
Again we didn’t choose this war. Saddam did.[/quote]I don’t agree with you.
But what does it matter who started what?
I thought America was all about taking the moral high-ground?
We just need to do the right thing for our country. The money spent on the military industrial complex would have been better spent elsewhere.[/quote]
Brian: Do you argue just to argue? Like stirring the pot? On the one hand, you argue that it is about “ideas” and “ideals”, especially Democrat/Democratic ideas and ideals.
On the other hand, you argue that it isn’t about ideas and ideals at all, its about pragmatism.
So which is it? You can’t have it both ways (although you try).
As far as the US goes, its always been about resource acquisition and retention. From Lewis & Clark to the Louisiana Purchase to Manifest Destiny to Gunboat Diplomacy to “Remember the Maine!” through WWI and WWII and the containment policy and Vietnam through the present day, the policy has remained unchanged.
As far as the “Military-Industrial Complex” goes, where do you think those bitchin’ weapons systems we use to keep the oil flowing come from?
And, if you want to have some real fun, watch what happens to our Chinese buddies in Africa (Nigeria especially) when they start trying to control the supply of oil and ship it home from the Dark Continent. Its not covered in the news, but Chinese “security forces” are already shipping something back to the Middle Kingdom and it ain’t oil. Its bodies. Yup, insurgents in Nigeria have already targeted Chinese facilities and personnel and China is finding out firsthand just how ugly shit can get when it comes to satisfying that oil jones.[/quote]
Allan, once again your thoughts are exactly mine. I love how we still have a few ignorant sheep on here who like to compare the 70’s, 80’s and 90’s to today. Every facet of our debt is so complex and unmanageable at this point, that to call this an ordinary cycle is asinine.
Of course the thought is that America could never go bankrupt, which I sort of believe as we will continue to print money to save ourselves regardless and just keep raising the debt ceiling. It’s obvious at this point most Piggs are on the same page, but folks like Brian and NorCal still fail to see the writing on the wall. But that’s America for you.
America is the blind leading the blind. I’m an advocate for common sense, but some just can’t deal reality. The honest truth is no one truly knows when the poop will hit the fan. What we can say is it will and I believe our days leading normal lives will change very soon.
On that note, I need to get back to work to support everyone else in this country. It’s not easy paying 40%+ in taxes but someone has got do it :).
Participant[quote=Allan from Fallbrook][quote=briansd1][quote=felix]
Again we didn’t choose this war. Saddam did.[/quote]I don’t agree with you.
But what does it matter who started what?
I thought America was all about taking the moral high-ground?
We just need to do the right thing for our country. The money spent on the military industrial complex would have been better spent elsewhere.[/quote]
Brian: Do you argue just to argue? Like stirring the pot? On the one hand, you argue that it is about “ideas” and “ideals”, especially Democrat/Democratic ideas and ideals.
On the other hand, you argue that it isn’t about ideas and ideals at all, its about pragmatism.
So which is it? You can’t have it both ways (although you try).
As far as the US goes, its always been about resource acquisition and retention. From Lewis & Clark to the Louisiana Purchase to Manifest Destiny to Gunboat Diplomacy to “Remember the Maine!” through WWI and WWII and the containment policy and Vietnam through the present day, the policy has remained unchanged.
As far as the “Military-Industrial Complex” goes, where do you think those bitchin’ weapons systems we use to keep the oil flowing come from?
And, if you want to have some real fun, watch what happens to our Chinese buddies in Africa (Nigeria especially) when they start trying to control the supply of oil and ship it home from the Dark Continent. Its not covered in the news, but Chinese “security forces” are already shipping something back to the Middle Kingdom and it ain’t oil. Its bodies. Yup, insurgents in Nigeria have already targeted Chinese facilities and personnel and China is finding out firsthand just how ugly shit can get when it comes to satisfying that oil jones.[/quote]
Allan, once again your thoughts are exactly mine. I love how we still have a few ignorant sheep on here who like to compare the 70’s, 80’s and 90’s to today. Every facet of our debt is so complex and unmanageable at this point, that to call this an ordinary cycle is asinine.
Of course the thought is that America could never go bankrupt, which I sort of believe as we will continue to print money to save ourselves regardless and just keep raising the debt ceiling. It’s obvious at this point most Piggs are on the same page, but folks like Brian and NorCal still fail to see the writing on the wall. But that’s America for you.
America is the blind leading the blind. I’m an advocate for common sense, but some just can’t deal reality. The honest truth is no one truly knows when the poop will hit the fan. What we can say is it will and I believe our days leading normal lives will change very soon.
On that note, I need to get back to work to support everyone else in this country. It’s not easy paying 40%+ in taxes but someone has got do it :).
Participant[quote=Allan from Fallbrook][quote=briansd1][quote=felix]
Again we didn’t choose this war. Saddam did.[/quote]I don’t agree with you.
But what does it matter who started what?
I thought America was all about taking the moral high-ground?
We just need to do the right thing for our country. The money spent on the military industrial complex would have been better spent elsewhere.[/quote]
Brian: Do you argue just to argue? Like stirring the pot? On the one hand, you argue that it is about “ideas” and “ideals”, especially Democrat/Democratic ideas and ideals.
On the other hand, you argue that it isn’t about ideas and ideals at all, its about pragmatism.
So which is it? You can’t have it both ways (although you try).
As far as the US goes, its always been about resource acquisition and retention. From Lewis & Clark to the Louisiana Purchase to Manifest Destiny to Gunboat Diplomacy to “Remember the Maine!” through WWI and WWII and the containment policy and Vietnam through the present day, the policy has remained unchanged.
As far as the “Military-Industrial Complex” goes, where do you think those bitchin’ weapons systems we use to keep the oil flowing come from?
And, if you want to have some real fun, watch what happens to our Chinese buddies in Africa (Nigeria especially) when they start trying to control the supply of oil and ship it home from the Dark Continent. Its not covered in the news, but Chinese “security forces” are already shipping something back to the Middle Kingdom and it ain’t oil. Its bodies. Yup, insurgents in Nigeria have already targeted Chinese facilities and personnel and China is finding out firsthand just how ugly shit can get when it comes to satisfying that oil jones.[/quote]
Allan, once again your thoughts are exactly mine. I love how we still have a few ignorant sheep on here who like to compare the 70’s, 80’s and 90’s to today. Every facet of our debt is so complex and unmanageable at this point, that to call this an ordinary cycle is asinine.
Of course the thought is that America could never go bankrupt, which I sort of believe as we will continue to print money to save ourselves regardless and just keep raising the debt ceiling. It’s obvious at this point most Piggs are on the same page, but folks like Brian and NorCal still fail to see the writing on the wall. But that’s America for you.
America is the blind leading the blind. I’m an advocate for common sense, but some just can’t deal reality. The honest truth is no one truly knows when the poop will hit the fan. What we can say is it will and I believe our days leading normal lives will change very soon.
On that note, I need to get back to work to support everyone else in this country. It’s not easy paying 40%+ in taxes but someone has got do it :).
Participant[quote=Allan from Fallbrook][quote=briansd1][quote=felix]
Again we didn’t choose this war. Saddam did.[/quote]I don’t agree with you.
But what does it matter who started what?
I thought America was all about taking the moral high-ground?
We just need to do the right thing for our country. The money spent on the military industrial complex would have been better spent elsewhere.[/quote]
Brian: Do you argue just to argue? Like stirring the pot? On the one hand, you argue that it is about “ideas” and “ideals”, especially Democrat/Democratic ideas and ideals.
On the other hand, you argue that it isn’t about ideas and ideals at all, its about pragmatism.
So which is it? You can’t have it both ways (although you try).
As far as the US goes, its always been about resource acquisition and retention. From Lewis & Clark to the Louisiana Purchase to Manifest Destiny to Gunboat Diplomacy to “Remember the Maine!” through WWI and WWII and the containment policy and Vietnam through the present day, the policy has remained unchanged.
As far as the “Military-Industrial Complex” goes, where do you think those bitchin’ weapons systems we use to keep the oil flowing come from?
And, if you want to have some real fun, watch what happens to our Chinese buddies in Africa (Nigeria especially) when they start trying to control the supply of oil and ship it home from the Dark Continent. Its not covered in the news, but Chinese “security forces” are already shipping something back to the Middle Kingdom and it ain’t oil. Its bodies. Yup, insurgents in Nigeria have already targeted Chinese facilities and personnel and China is finding out firsthand just how ugly shit can get when it comes to satisfying that oil jones.[/quote]
Allan, once again your thoughts are exactly mine. I love how we still have a few ignorant sheep on here who like to compare the 70’s, 80’s and 90’s to today. Every facet of our debt is so complex and unmanageable at this point, that to call this an ordinary cycle is asinine.
Of course the thought is that America could never go bankrupt, which I sort of believe as we will continue to print money to save ourselves regardless and just keep raising the debt ceiling. It’s obvious at this point most Piggs are on the same page, but folks like Brian and NorCal still fail to see the writing on the wall. But that’s America for you.
America is the blind leading the blind. I’m an advocate for common sense, but some just can’t deal reality. The honest truth is no one truly knows when the poop will hit the fan. What we can say is it will and I believe our days leading normal lives will change very soon.
On that note, I need to get back to work to support everyone else in this country. It’s not easy paying 40%+ in taxes but someone has got do it :).
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