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The-Shoveler
ParticipantNor_LA-Temcu-SD-Guy
Just my two cents, I am no expert BUT !!! , First rent has been going up big time, and rent is 30 or 40 % (don’t know the exact figure) of CPI, so I don’t see the fed lowering rates anytime soon, as for a soft landing, I think you would first have to have a lot of people who could afford to buy these over priced homes, and that not likly to happen in my opinion.
They may get the loans but then you just have to deal with the comming forclosures sooner or later.
Deal with the problem now or deal with a bigger problem later, it’s 1996 all over (Your move Ben).
ParticipantNor_LA-Temcu-SD-Guy
I have seen HOA dues this high in San Marcos area and all you get is landscaping on the parts (not anywhere near your property) no one cares about.
Yep, just another way to continue to suck money out of home buyers.
ParticipantNor_LA-Temcu-SD-Guy
Just my Opinion, but I think they are going to pull out all the stops for the next two weeks to paint as rosie a picture as possible. after that your on your own.
ParticipantNor_LA-Temcu-SD-Guy
Just my Opinion, but I think they are going to pull out all the stops for the next two weeks to paint as rosie a picture as possible. after that your on your own.
ParticipantNor_LA-Temcu-SD-Guy
Another good Qoute I saw in a cartoon,
From a fortune cookie, “Your stock picks are no good”, But they were recomended by that screaming lunatic on CNBC how can they be no good !!!
ParticipantNor_LA-Temcu-SD-Guy
Best Quote I seen in a while:
Suffice it to say that even if the market was to advance further by 10% or more (which I view as improbable), the lilelihood of investors actually retaining the gain would be fairly negligible. We’ll accept those risks that are appropriate, but there’s no sense running off to juggle dynamite with the other kids, just because they’re having fun right now.
ParticipantNor_LA-Temcu-SD-Guy
But there is no theme, Usually there is some theme to the rally.
Internet , Housing etc…
Just kidding sort of.
ParticipantNor_LA-Temcu-SD-Guy
People have a little more money after they fill up on gas, so they splurge on a happy meal ????
Sorry could not help it, RT sales down in this mornings report, maybe Roubini’s got it right.
ParticipantNor_LA-Temcu-SD-Guy
Almost too bazaar for words, I personally don’t know anyone wanting to put a lot of money in stocks right now, or who thinks the economy to going to shoot to the moon (even the fed says growth is slowing) so whats up !!!
Very weird I tell you.
Almost like (hurry) you got to get another bubble going before the current one collapses, wonder where all the money is comming from ???
ParticipantNor_LA-Temcu-SD-Guy
Yea smells like a dead cat alright, really don’t see speculators jumping in again (got to get about 15% to make a profit I figure), And I sure as heck don’t make enough (even if I had a six figure salary) to buy a decent house to live in (30 year fix 20% down). So I would say that this horse is good and dead and won’t be getting up again for awhile. But that’s just my opinion.
ParticipantNor_LA-Temcu-SD-Guy
Or I should say, Temecula is the same as the Valencia you first moved into 15 years ago but catching up fast (moving in fast forward).
ParticipantNor_LA-Temcu-SD-Guy
Dude , I sold My Valencia home of 12 years in December 2004, Moved to a house I had bought in Temecula in 2002 (almost same town as Valenca ‘weather etc ..’ but you get a lot more for your money). I can really relate to the stress issue with the wife. (Man can I relate). Looking to get back to Ventura, or maybe North SD somewhere when and if the crash occurs. Good luck to you.
ParticipantNor_LA-Temcu-SD-Guy
Wow and no next big thing even, hmmm !!
ParticipantNor_LA-Temcu-SD-Guy
Good luck with that, maybe investment is OK, don’t think I would want to live there but to each his own.
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