[The-Shoveler]

I have sold three SoCal homes in my lifetime,

I have come to regret ever selling two of them, even the one I don’t regret so much is now worth considerable more than I sold it for.

Anyway, Just My two cents.

[The-Shoveler]

Both my Niece and Nephew graduated with Masters in engineering from UC-Irvine,
Both had great paying Jobs with Broadcom, both quit and went to Stanford for their PHD’s
I was like, Why?
Anyway there you go.

[The-Shoveler]

“houses and education in America will be more expensive for foreigners”

Don’t know about that, SD is in the Global RE bargain bin compared to most large cities in the world (for what you get for your buck).

I would like to get a small truck on sale if I can get one under say 11 or 12 grand, else I may buy used.

[The-Shoveler]

Contingent usually means that the current buyer is contingent on the sale of their current house etc..

In other words, If they cannot sell their current home then the deal may be canceled.

[The-Shoveler]

In the mean time construction and trades are having a very difficult time finding young workers willing to commit to a apprenticeship program for good paying Jobs.

(seems Millennials are not interested in trades work)

http://hotair.com/archives/2011/11/28/when-good-paying-jobs-go-unfilled/

Mean while demand for Software engineers is expected keep growing.

http://www.boston.com/jobs/2013/12/23/the-year-the-fastest-growing-jobs/GGDo2PVgihmpsurdiPGUhO/story.html#slide-7

just don’t go out and get a degree in fine arts and expect booming job opportunities.

[The-Shoveler]

I would not be surprised to see them mail checks again even.

Anyway there is a lot more things they have not done yet but I really don’t think it will be necessary.

As long as companies don’t start to go BK, and laying off in mass I don’t see a BIG crash coming, (5%-10%) could happen because it’s Wednesday however.

As long as the fed does not do something Stupid.

Besides what Mark C. says it is really nothing like the 2000 internet bubble.

[The-Shoveler]

Whatever happens the Fed’s foot is not far from the gas pedal right now.
Inflation low they will error to the side of pushing further on the gas.

Someday they will put the foot over the brake pedal, but I don’t see it soon.

[The-Shoveler]

They cannot control everything True, but they know and can do a lot more than most on this board seem to think.

The 2003-8 housing bubble was created as a diversion to the Iraq War by the way.

[The-Shoveler]

So at least several people on this board and Warren Buffett were warning of the subprime and derivatives way in advance of the 2008 crash, so tell me with a straight face.

You honestly believe the Fed and prez’s financial advisers did not know what was going to happen?

[The-Shoveler]

It’s not that we would WANT to, it’s the fact that we CAN.

very few other counties can say the same.

This can go round and round forever so I leave it here,

IMO TPTB knew all about and wanted the whole sub-prime/2008 recession to occur almost exactly like it did.

Anyway this never goes anywhere so I leave it here and agree to disagree.

[The-Shoveler]

Out side of significant catastrophic events (like war),

I believe the USA is in a very unique and enviable position to control it’s economic destiny.
We REALLY don’t need anyone else.

[The-Shoveler]

“millennials coming of age” IMO means that the housing market and the economy in general will stay active as they will be forming households and renting/buying homes (this should keep things going until 2020).
(the housing market like it or not plays a significant roll in the general economy).

IMO TPTB wanted the 2001 and 2008 crashes, but right now they are in a world wide coordinated fight to save the world economy (except bad payers like russia and venezuela) also to save local and fed Gov pensions.

[The-Shoveler]

They still need documentation.

You can’t get to a bubble of the same magnitude as 2006-8 unless you have.
No Doc’s. with No Down loans.

Hey but it’s a start.

[The-Shoveler]

For selfish reasons I too would kind of like to see a significant market crash but I just have my doubts that will occur in the next few years (without some catastrophe external to the market itself).

I don’t think it likely for two reasons,
1)Demographics (millennials coming of age).
2)TPTB don’t want it to happen (and I mean they really don’t want it to happen).

[The-Shoveler]

I think it is a given that “ALL” SoCal coastal cities will be gentrified if they have not been already.

The SoCal coastal RE is just too limited and valuable for it not to be.

Kind of like an unstoppable wave.

[Author]

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