[The-Shoveler]

There may be a small short term one or so year blip on the inventory and price as CAR suggests, but I think in the long run it would not make much difference.

Also I think the adverse affects on rents and the economy ect.. would be greater than expected.

[The-Shoveler]

[quote=SK in CV][quote=livinincali]
The bottom line being the media and analysts are lying when they say not raising the debt ceiling means a default. No, it just means there’s an immediate and large cut to government spending.[/quote]

It also means a severe recession. A spike in unemployment. Probably a depression.[/quote]

Not likely to happen,

As it would all but kill off most local municipalities pension systems (the real thing the Fed has been so desperate to save, not so much the housing market as most everyone believes but the tax base and stock market are the real targets).

Also it would likely increase the Debt even further.

[The-Shoveler]

The longer this goes on the better my chances to see the trillion dollar coin.

and yes it should be very large, maybe the size of say a old winchell donut sign.

[The-Shoveler]

I vote for the trillion dollar coin.
Just because I think it would be hilarious.

[The-Shoveler]

OK We can double you property tax but you are not allowed to pass that on to the renters who live there.

Yea that’s going to work,

I just think there will be a lot of repercussions to a tax hike of that magnitude that have not been well thought out just yet.

[The-Shoveler]

We can go round and round but there are quite a few much smarter than I who think this is pretty clear.

“The validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions and bounties for services in suppressing insurrection or rebellion, shall not be questioned.”

[The-Shoveler]

Section 4 of the Fourteenth Amendment gives the president the power to bypass Congress and raise the debt ceiling by executive order.

[The-Shoveler]

From what I understand we are just giving some Fed workers a paid holiday, as when it does end (most likely in a few weeks time) most will be paid for the time off.
Other than that really if it comes down to it, the Prez can just tell the Treasury to issue more money and congress cannot stop him.

Waste of time.. nothing to see IMO.

[The-Shoveler]

[quote=6packscaredy]Sounds old school and safe.

Better than say led zep alley.[/quote]

“Led Zep Alley” sounds like a good name for a Boomer retirement community.

OK maybe a bit of a strange one.

[The-Shoveler]

To be honest I don’t see how that will help create inventory and if you lower property values it will lower property taxes as well.

The only thing I see it doing is force old apartment owners to raise rents, force places like Qceanside to remove rent control on the trailer parks. Etc… and force biz out of the state,
Anyway good luck with that.

[The-Shoveler]

I think there are a few things not discussed so far like the fact that rent control will need to go in places like Santa Monica ETC… as well .

Not as easy as it seems I say.

Woe to the congress person who touches this one.

[The-Shoveler]

Never underestimate the ability of NY-Bankers to turn your 401K into a 50K.

[The-Shoveler]

Nice ER,

I really want to get an EV, I also really like the way Tesla is marketing their cars.

[The-Shoveler]

When it became clear that Obama was not going to get the for profit insurance companies out of the picture they should have dumped the affordable healthcare act.

This will end up much worse than doing nothing,
(You might want to check if your company will cover your spouse and kids next year).

The only way this is going to work is if we get a system like the UK has IMHO.

[The-Shoveler]

That is my other next biz (besides the home elevator installer so boomers can stay it their two story homes, I don’t think most are planning to move out of SoCal).
The other biz, manufacture special furniture that allows the hole to be as storage and TV hanger as well as have all the needed hookups.

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