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The-Shoveler
ParticipantNor_LA-Temcu-SD-Guy
Spending from retiring Boomers ????
Don’t see it, increased savings maybe but not spending.
ParticipantNor_LA-Temcu-SD-Guy
Been to Austin, It’s OK in a Cowboy town kind of way, Just not my cup ot tea so to speak. The College in Austin is a big Plus though.
Reminds me of Sacramento with cowboys.
ParticipantNor_LA-Temcu-SD-Guy
Peter had a good point, Maybe I will call the Long haired guy and try to sell him My house at the price I could have got in early 2005, only problem now is where to find an idiot… I mean nice mortgage broker to lend him the money …
ParticipantNor_LA-Temcu-SD-Guy
This is a re-post but I think it fits this thread as well.
I think the bottom line is FORECLOSURES !!,
Hell these things (houses) may even be worth what they were sold for, But just too many of them were sold to people who had no business even driving through that neighborhood (at that price). So there will be a fair amount of them on the market that must be sold I believe.
Just My opinion.
ParticipantNor_LA-Temcu-SD-Guy
I think the bottom line is FORECLOSURES !!,
Hell these things (houses) may even be worth what they were sold for, But just too many of them were sold to people who had no business even driving through that neighborhood (at that price). So there will be a fair amount of them on the market that must be sold I believe.
Just My opinion.
April 26, 2007 at 7:07 PM in reply to: Tech is BACK!….Housing downfall might be limited in San Diego afterall. #51249ParticipantNor_LA-Temcu-SD-Guy
Well I guess there maybe really good news in Tech after all,
Anyone see msft’s earnings WOW !!
It’s good to be in Tech again !!,
In 2002 when I was buying my place in Temecula, the Sales rep looked at me and rolled her eye’s when I said I was a Software engineer (like OK this guy will probably not make it to closing) (that was just before the days of 100% no Doc’s).
April 26, 2007 at 12:51 PM in reply to: **RING THE BELL** Offically over 20,000 for sale in San Diego County!!! #51224ParticipantNor_LA-Temcu-SD-Guy
I agree with LA_Renter , Ventura is falling fast, lot’s of foreclosures in Valencia (about 200% increase over last year), Listing are pileing up fast in WestLake/Thousand Oaks area’s .
L.A. I think just saw a period where more expensive homes were sold (for what looked like a bargain) and the rest of the sellers are still in denial.
Sales volumes are very low in L.A.
April 26, 2007 at 9:32 AM in reply to: Tech is BACK!….Housing downfall might be limited in San Diego afterall. #51192ParticipantNor_LA-Temcu-SD-Guy
One last point is engineers are practical types, ie.. if you gave one a million dollar bonus, they will more than likely buy a modest home and stick the rest in the bank or retirement account.
April 26, 2007 at 6:31 AM in reply to: Tech is BACK!….Housing downfall might be limited in San Diego afterall. #51172ParticipantNor_LA-Temcu-SD-Guy
Yea I was just talking to an engineering colleague yesterday who bought a house in 2002 about the same time I did, he paid 400K I paid about 300K, we both agreed that (even though we could not even buy a condo for that now) it seemed so expensive at the time (Maybe it was).
April 25, 2007 at 6:49 PM in reply to: Tech is BACK!….Housing downfall might be limited in San Diego afterall. #51138ParticipantNor_LA-Temcu-SD-Guy
I would love for this to be true (Tech is Back!!) (and hope it is), But I think it has more to do with selling in euro’s products made here and abroad (in cheap labor area’s).
Riddle of the day — If your sales to Europe are flat, but you manufacture in China … Do your earnings go up ????
Europe’s and China’s economy is not completely disconnected from ours I believe so I think it is just a matter of time before the chickens come home.
ParticipantNor_LA-Temcu-SD-Guy
Riddle of the day — If your sales to Europe are flat, but you manufacture in China … Do your earnings go up ????
ParticipantA Rich Dad Quote,
This quote was from Robert Kiyosaki (Rich Dad) from an artical on Yahoo Finance.
Where Deflation Does Its Damage
In a deflationary market, the value of your home can drop. If the value drops, the bank may call in your loan. Even if you’ve never missed a payment, and even if you’re ahead on the payment schedule, the bank can call in your loan if they feel the value of the property is lower than the loan amount.
For example, say you buy a house for $100,000 and put 20 percent down and borrow $80,000. If the market deflates and the value of your home drops to $70,000 (because everyone else is selling their homes to get out of debt), the lender may ask you to pay the $80,000 you owe immediately.
If such deflation happens, cash will become king. There will be half-price sales on BMWs, expensive restaurants will close, and people will be out of work. And anybody who caters to people with dumb money will be in trouble. As I said before, deflation is much worse than inflation.
ParticipantThis quote was from Robert Kiyosaki (Rich Dad) from an artical on Yahoo Finance.
ParticipantNor_LA-Temcu-SD-Guy
I would hope in this case that I am wrong, But I think The SD and L.A./OC area’s have lost more Tech Jobs than they created and (loss of pay as well) since 2000, I have no stats but there are no Head hunters calling that is for sure.
I think more Tech jobs will be created off shore(d) then in SoCal but again I hope I am wrong. (Just a cheap easy way to automate the Knowledge economy).
I think there will still be opportunity but only for the very well qualified.
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