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The-Shoveler
ParticipantIMO still a long way to go.
I think they figured out how to cause wage inflation even in the age of globalization (just force it from the bottom).
That will keep it going awhile IMO.
ParticipantIMO we have no biz in the middle east we need to get the heck out and stay out ASAP.
Russia will never let the Rebels control Syria because of the simple fact that there are too many Russian’s living in Syria.
The sooner we recognize that and let Russia handle it the better off we well be.
There is a line in the sand but it does “NOT” run through Syria.
ParticipantEven if you did buy at peak and held on you probably don’t feel too bad about the whole thing as in most places your back above water and in another ten years it will likely just be noise, water under the bridge so to speak.
The real tragedy IMO is those who but down large downs and were not able to hold on or who lost employment because of the ordeal.
Even those who sold at peak likely gave a lot back in rent and time (loss) and transaction costs.
In the end IMO it was just a waste for most.
Not that this site did not do a good job of education and recording the whole ordeal, just that sometimes for most like the stock market, it is best just to buy an index fund and go on with life not trying to chase the market.
ParticipantIMO there are two main reasons we had the big housing crash.
1) Widespread corruption in mortgage underwriting.
2) Over Building mainly fueled by number 1.March 23, 2017 at 10:41 AM in reply to: OT: I hate buying and haggling for a new car…And why Edmunds, TrueCar,etc is worthless imho #806105ParticipantIf you are paying cash you are much better off getting a used car from a private party.
Not many people these days have many thousands of dollars to hand out for a Car so you have less competition for anything over a say 2 or 3 thousand.
March 22, 2017 at 9:24 AM in reply to: OT: I hate buying and haggling for a new car…And why Edmunds, TrueCar,etc is worthless imho #806090ParticipantI don’t think I will ever buy a new car or any car from a dealer again.
Just my personal experience, I never seem to be able to get a deal at a dealer.
and no, no F-150 is ever worth 60-70K LOL.
Seriously that was what I was quoted.
ParticipantStill has a few years to run IMO. (well unless something else causes an economic crash that is NOT housing).
When they have been overbuilding for a few years then I would become concerned.
March 16, 2017 at 6:19 PM in reply to: Why it’s not a good time to buy a house in San Diego! #806053ParticipantThey should give the number a call if they are in good mental and physical health and don’t mind doing really hard physical work.
March 16, 2017 at 5:43 PM in reply to: Why it’s not a good time to buy a house in San Diego! #806051ParticipantI think everyone have been brain washed into thinking they want a desk job.
Maybe that is what I would recommend my kid to do as well, the boomers did not have that for the most part.
Just saying there is a shortage few are interested in filling now days.
March 16, 2017 at 5:29 PM in reply to: Why it’s not a good time to buy a house in San Diego! #806049ParticipantThis is the way most of the boomers did it, still works today.
https://www.carpenters.org/Todays_UBC_Top_Nav/How_to_Join_Us.aspx
San Diego Training Center
8595 Miralani Drive
San Diego, CA 92126 USPhone: 858-621-2667
Fax: 858-621-2669Email: [email protected]
Web: http://www.swctf.orgTraining Center ID: 201
March 16, 2017 at 10:37 AM in reply to: Why it’s not a good time to buy a house in San Diego! #806047ParticipantBecoming a journeyman in the construction trades was seen as a good career in boomer times.
Most boomers got told to leave the house at 18 and were on their own and had to fend for themselves.
March 15, 2017 at 5:22 PM in reply to: Why it’s not a good time to buy a house in San Diego! #806038ParticipantThe housing shortage is completely self inflicted by zoning .
Secondly there is a construction worker shortage mainly because Millennials don’t seem to want to commit to learning construction trades.
Takes 3-5 years of dedication believe it or not to learn a trade.
ParticipantWell there are different levels of crazy lending.
Giving people with no income and no documentation 100% – 120% loans is really crazy.
Now give them 10 of those loans and we are talking really really crazy.
ParticipantIMO what caused the last crash was crazy lending practices and over building.
Could the market slow as rates rise, maybe.
But I don’t see a big housing market crash myself.
They would need to start overbuilding then get the crazy lending and let that run a few more years.
Anyway IMO.
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