[The-Shoveler]

Nor_LA-Temcu-SD-Guy

Any day now I keep telling myself, I am going to buy some QID
(QQQQ ultra-short) shares, Luckily I just have not got up the nerve to pull the trigger.

But any day now !!!

I only have a small part of my bank roll in trading accounts, the rest is in 6% FDIC CD’s waiting for that North County McMansion (Any day Now !!!).

OK maybe any month now !! (year maybe ahhhhhhqqqqa).

[The-Shoveler]

Nor_LA-Temcu-SD-Guy

No anger here, If I get priced out of costal SD, I could not afford it anyway (and still live life with a little free spending money). Anyway I do go out to open houses all the time (it’s a weird hobby the wife and I got) (most are vacant and have been for months seems about 70% of them).

Good luck to you though.

[The-Shoveler]

Nor_LA-Temcu-SD-Guy

It’s a river in Egypt .

[The-Shoveler]

Nor_LA-Temcu-SD-Guy

There are more homes in foreclosure than were sold last month. (high selling season) in SD .

enough said.

[The-Shoveler]

Nor_LA-Temcu-SD-Guy

DaCounselor

One last question,

Would you buy your home now (at current market rate) if you did not already own it ??

I would not buy my current one now (at current market rate) but I don’t plan to sell it either (just for the record).

[The-Shoveler]

Nor_LA-Temcu-SD-Guy

Hey DaCounselor,

Tell you what ,

Are you a buyer or a seller ???

(Most here are potential buyers if the price is right I believe).

Do you think the soaring consumer credit in lastest report was a good thing ???

Just curious ..

[The-Shoveler]

Nor_LA-Temcu-SD-Guy

Well I think most posters and lookers to this (doom and gloom) blog are buyers and are optimistic we will see a better price (hopefully not to too far off in the future).

we will see .

[The-Shoveler]

Nor_LA-Temcu-SD-Guy

Some what off topic but not really,

Retail sales drop, but consumer credit soars !!

What does that tell you ???

[The-Shoveler]

Nor_LA-Temcu-SD-Guy

Private equity buyouts , The Pension plans will be left holding the bag I think.

JMO,

[The-Shoveler]

Nor_LA-Temcu-SD-Guy

Yea I sold the qqqq’s in January of 2006 at 43 and change,
Now it is at 46 and change (WoooHooo!!), No thanks, I am waiting for a real advantage here. Interest rates may go up I think.

Well good luck to you anyway.

[The-Shoveler]

Nor_LA-Temcu-SD-Guy

I am kind of in the same boat as your friend, Would like to upgrade to nicer costal area but we are waiting for a downturn which seems to be taking forever to occur. Still think it will happen IMO over the next two years. If it never happens I will feel a little disappointed but we have a nice place in Temecula and we could go on living here just fine thanks.

[The-Shoveler]

Nor_LA-Temcu-SD-Guy

I am of the school (now days anyway, got burned bad in 2000 like a lot of people) that if there is not a significate advantage there is no reason to go throwing your money into an investment (getting close to 6% in Fed insured CD’s) .

IMO there is not a good reason to invest in RE or Stocks at the moment.

Just waiting !!

[The-Shoveler]

Nor_LA-Temcu-SD-Guy

Your talkign about the one May 12th in SD convention center,

Yea I am going to that one as well, I looked at a few of the homes in Fallbrook area, Just my opinion, but These would not be a great buy even at Minimum bid. (maybe just OK but not great).

Just going to see what these go for.

[The-Shoveler]

Nor_LA-Temcu-SD-Guy

Most of the boomers I know are stretched thin, with Grown kids Grand kids (baggage), And sometimes Parents living in the same home and on the same expense account.

But I suppose there are lucky ones here and there.

See Master Cards earnings … Maybe the Housing ATM has run out ???

[The-Shoveler]

Nor_LA-Temcu-SD-Guy

Based on my Gas Begging indicator, (was hit up twice this week for gas money) , I don’t see a big spending spree in the near future.

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