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temeculaguy
ParticipantYou may be right Cash, but I have to give Case a little benefit of the doubt. I think he is looking at greater metro markets as opposed to micro markets. He is also studying data as opposed to your field visit, so you have a slight advantage in that specific micromarket. He and Schiller have always been fundamentalists, they look a the fundamentals of income and price. Roubini and Schiff have had much more dramatic views but Case/Schiller are a little more moderate yet they called the bubble and have spent their careers tracking it in broad terms.
The point of my support and comment was that karl may see normalcy but he doesn’t see it where we live,so the headline is misleading. If someone thinks things will be fine unless you live in California, then what should we Californians take from that…..that we are not fine, were heading there in a handbasket, that’s what i took from his interview.
ParticipantYou may be right Cash, but I have to give Case a little benefit of the doubt. I think he is looking at greater metro markets as opposed to micro markets. He is also studying data as opposed to your field visit, so you have a slight advantage in that specific micromarket. He and Schiller have always been fundamentalists, they look a the fundamentals of income and price. Roubini and Schiff have had much more dramatic views but Case/Schiller are a little more moderate yet they called the bubble and have spent their careers tracking it in broad terms.
The point of my support and comment was that karl may see normalcy but he doesn’t see it where we live,so the headline is misleading. If someone thinks things will be fine unless you live in California, then what should we Californians take from that…..that we are not fine, were heading there in a handbasket, that’s what i took from his interview.
ParticipantYou may be right Cash, but I have to give Case a little benefit of the doubt. I think he is looking at greater metro markets as opposed to micro markets. He is also studying data as opposed to your field visit, so you have a slight advantage in that specific micromarket. He and Schiller have always been fundamentalists, they look a the fundamentals of income and price. Roubini and Schiff have had much more dramatic views but Case/Schiller are a little more moderate yet they called the bubble and have spent their careers tracking it in broad terms.
The point of my support and comment was that karl may see normalcy but he doesn’t see it where we live,so the headline is misleading. If someone thinks things will be fine unless you live in California, then what should we Californians take from that…..that we are not fine, were heading there in a handbasket, that’s what i took from his interview.
ParticipantIt makes sense, so they will never go for it.
ParticipantIt makes sense, so they will never go for it.
ParticipantIt makes sense, so they will never go for it.
ParticipantIt makes sense, so they will never go for it.
ParticipantIt makes sense, so they will never go for it.
ParticipantCase is a guy I respect so I listened to his entire interview. I agree with him that the housing market is normal with four exceptions that he pointed out, Florida, Arizona, Nevada and California. He also said California “was an entirely different kettle of fish.”
As he said, in those four places, people are going to get hurt, but other than those four places, the other 46 states will be fine. Of course he had one caveat, if the recession deepens, this may change.
So what do think of what Case thinks? He’s right, if you want to buy a house in Texas or Iowa or Colorado, the worst in behind you, the housing starts are low and the inventory will be worked off.
ParticipantCase is a guy I respect so I listened to his entire interview. I agree with him that the housing market is normal with four exceptions that he pointed out, Florida, Arizona, Nevada and California. He also said California “was an entirely different kettle of fish.”
As he said, in those four places, people are going to get hurt, but other than those four places, the other 46 states will be fine. Of course he had one caveat, if the recession deepens, this may change.
So what do think of what Case thinks? He’s right, if you want to buy a house in Texas or Iowa or Colorado, the worst in behind you, the housing starts are low and the inventory will be worked off.
ParticipantCase is a guy I respect so I listened to his entire interview. I agree with him that the housing market is normal with four exceptions that he pointed out, Florida, Arizona, Nevada and California. He also said California “was an entirely different kettle of fish.”
As he said, in those four places, people are going to get hurt, but other than those four places, the other 46 states will be fine. Of course he had one caveat, if the recession deepens, this may change.
So what do think of what Case thinks? He’s right, if you want to buy a house in Texas or Iowa or Colorado, the worst in behind you, the housing starts are low and the inventory will be worked off.
ParticipantCase is a guy I respect so I listened to his entire interview. I agree with him that the housing market is normal with four exceptions that he pointed out, Florida, Arizona, Nevada and California. He also said California “was an entirely different kettle of fish.”
As he said, in those four places, people are going to get hurt, but other than those four places, the other 46 states will be fine. Of course he had one caveat, if the recession deepens, this may change.
So what do think of what Case thinks? He’s right, if you want to buy a house in Texas or Iowa or Colorado, the worst in behind you, the housing starts are low and the inventory will be worked off.
ParticipantCase is a guy I respect so I listened to his entire interview. I agree with him that the housing market is normal with four exceptions that he pointed out, Florida, Arizona, Nevada and California. He also said California “was an entirely different kettle of fish.”
As he said, in those four places, people are going to get hurt, but other than those four places, the other 46 states will be fine. Of course he had one caveat, if the recession deepens, this may change.
So what do think of what Case thinks? He’s right, if you want to buy a house in Texas or Iowa or Colorado, the worst in behind you, the housing starts are low and the inventory will be worked off.
ParticipantI vote SDCCU because they have a branch in most every town in the county, including a few in my hood. The ease and terms (same rate) of their subordinated tax reward auto loan is reason enough, always deduct your car payments.
I don’t know much about their loan portfolio but I’ve shopped them in the past for home related loans and they are never a good deal. Their 30 yr fixed right now is 6 3/4.
I also read their 2007 report and from my understanding they have 3 billion in loans, it doesn’t say home loans, just loans. I’ve never met anyone with their home loan through SDCCU but know plenty with car loans and credit cards through them. My guess is most of their loans are not mortgages. The other element to their stability in volatile times is a large number of their members are governemnt employees who have fairly stable jobs and income.
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