[The-Shoveler]

Call it a managed economy or what ever you want, but the Canada and Chinese housing markets never really crashed.

Only the USA is stupid enough to let their housing market crash (but that’s just my opinion).

[The-Shoveler]

IMO the GOP plan is to not let the Dem’s have credit for anything and take credit for anything that seems to work and blame Dem’s for anything that does not.

They really don’t care about anything but power (either side).

That same rule applies for either party.

The only thing they really care about is money/winning and power.

That’s the only real plan IMO.

[The-Shoveler]

Happy Thanksgiving everyone!

We are just hanging around the house today, but Tomorrow we are definitely going to go out and do a little shopping.

Good deals on Beer and we need a new slow cooker.

[The-Shoveler]

[quote=flu]
North County will end up being like Irvine, imho.
/quote]

I find it amazing how fast Carlsbad and surrounds are changing.

IMO you are right.

[The-Shoveler]

Shanghai RE went up about 35% last year,
I should bring up the thread from last year where people were saying China was going to crash and burn and I was saying no don’t think so, CHINA IS THE BANK.

Anyway If they can get the money out they will be buying USA RE IMO.

Even without inbound migration the Birth death ratio is still out pacing new home construction.

[The-Shoveler]

[quote=FlyerInHi][quote=millennial]
I don’t think industrial jobs will ever come back to the Midwest because of mechanization and outsourcing. Also if it does, it will never be like the 70’s and early 80’s where factory workers were getting paid 6 figures due to the unions and non-competitive foreign products.
[/quote]
That’s so true. That’s why we need to focus on new jobs, not bring back old jobs.

[quote=millennial]
Despite this, cities like Detroit are now growing again and property values are growing as well. My sister just purchased a refurbished loft style condominium in a high rise for over $250k. Rent comps within the building are running between 2500-3000 a month and the available units get picked up quick. Companies such as Quicken have come in and incentivized workers by paying for their rent, or covering some of the down payment to do so. Anyways, just wanted to say that the those industrial cities are starting to right size and fill up again with professionals.[/quote]

So true again. Those old cities have great architecture and the city cores are doing well. the old urban sprawl… not so much.

Pittsburg is the same with Carnegie Mellon as a draw. Even Harrisburg, PA, the state capitol is reviving with new condos. A friend was trying to get to me to bid on a building at a ridiculous price, but it’s too far for me to handle. A beautiful stone building like in NY or Chicago! Great opportunity for real estate, but too cold for my blood.[/quote]

These Jobs are only a very small personage in these areas, most Jobs are very minimal in these cities.

[The-Shoveler]

IMO the people who voted for Trump in middle America did so out of frustration and desperation.

It’s all the good jobs have gone and I am stuck here with only minimum (or minimal) wage Jobs and all this Clinton person is telling me is that the Jobs aren’t coming back because robots are taking them anyway.

Sorry you don’t win elections that way.

Trump had a better story for them.

All the other stuff is just noise.

[The-Shoveler]

I think the more interesting thing this election is telling us is that the desperation in the middle of the country is real.

The election was about better Jobs and a living wage (for the middle of the country “NOT the West coast”)

Maine, Arizona, Colorado and Washington all voted to increase the minimum wage to at least $12 an hour by 2020. (also tied to inflation after that in most cases)

For Colorado this almost a 100% increase.

It was a desperation vote.

[The-Shoveler]

While that maybe true I think it is mostly the large corporate apartment complex’s that are being counted.
This is where I think pricing will be a little softer going forward.

There are a lot less of those outside the major cities.

Just too hard to qualify for the corporate apartment complex’s, why not just buy a place a little further out.

[The-Shoveler]

Yep, Get into big data and robots if you want to be in demand.

[The-Shoveler]

Also In LA (most likely SD as well), it is just a status thing.

Most of the Jobs are in the suburbs.

[The-Shoveler]

Suburbs are more affordable.

People are finding out that if they can qualify for the tough Corporate apartment rental requirement they can easily buy a SFH in the suburbs.

[The-Shoveler]

I think there is a small chance if there is some disruptions etc… then we could get a real political crisis.

Really I think if Trump wins outright it may not be that big a deal, I think he just says whatever gets him in then he will act a lot more rational if he is elected (Jimmy Carter did this but no one remembers).

Say what you have to to get elected then do something else.

So far Zero presidents have kept their campaign promises.

[The-Shoveler]

Yep maybe a political crisis will create s small crash (before the central bank steps in anyway).

There is a crap load of cash and it’s does not seem to be in anyone interest who matters (big money) to give a buying opportunity to any small investors.

anyway IMO.

[The-Shoveler]

Anyway I think people would rather pay the bank to keep their money than be invested right now.

I think that is part of the issue. there is a lot of cash sitting around.

[Author]

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