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The-Shoveler
ParticipantI bet SS has something to do with that LOL.
ParticipantUnnamed relative, seemed unhappy until they started collecting SS at 65, then they seemed much happier (the last 10 years now and going)
So Collecting SS = happiness as far as I can tell.
ParticipantI am still hoping Skunkworks comes through on their fusion reactor (if it was anyone else but skunkworks I would not).
But that said, utility companies are starting to panic over rooftop solar (and companies like WalMart) cutting into their revenue.
ParticipantWell I think just about every nation in the world that matters has just declared they are going fossil fuel free.
(well that’s the goal anyway).So not sure where Oil fits into that future.
ParticipantGets below 10 I think will buy a another small amount, bought a little at 15 (was not a good Idea in retrospect).
The thing I like about Silver is it is a industrial metal as well as a paper money panic metal.
The thing I don’t like about Silver is it is a by-product metal (they get it from copper and iron mines and sell it for a few extra bucks).
ParticipantSure but you can only buy whats for sale,
Supply/Demand type thing.
I would agree there maybe some temporary home price reductions if rates go up much. But IMO I don’t see anything even remotely like 2007-11 occurring.
Recessions do happen though, but IMO the FED will be on it in a heart beat this time.
Weird the builders were up on the news.
ParticipantIMO a snow ball rolling down hill is very unlikely given most have fixed rates.
I think we have seen before that those who can will pull their listings if they don’t get their price, and builders are not building enough to get caught with their pants down.
ParticipantJust checked 30 year rates, looks unchanged but I did not look yesterday.
3.95% currently from what I could see.Anyway If the housing market starts to be affected I think the fed will reverse course very quickly.
ParticipantIMO the real issue is not enough new housing being built to meet the household formation current occurring.
Os I guess is kind of an anti-building bubble.
ParticipantWith just a few exception areas anyone who bought in SoCal in 2005 would probably say the same thing.
Homes that sold in Oxnard at 800K in 2005 are still only fetching 5-600K currently.
That is just one example.
There are many other areas in SoCal that are still under water, there maybe Micro Bubbles here and there but by and large there is not.
ParticipantI am always amazed at how many Beach mansions are mostly sitting empty (trophy’s I guess).
Maybe not so much in SD but in L.A. and Ventura counties the Beach cities are not known to be the best place for kids.
ParticipantIMO there maybe micro bubbles but SoCal in general is not in a bubble yet.
Even if you have a bubble it is very unlikely to come close to the one we had in 2005-7.
There are still a few relative bargain areas in SoCal, just maybe not in coastal SD county.
Anyway IMO.After taking a tour through AZ and NM, to be honest I would be a lot more nervous buying a 600k tract home there than a 1-Million home in say Carlsbad.
ParticipantYea EastVale really threw me the first time I heard about it I was thinking WTF LOL.
Corona seemed a lot more logical as it’s just down the freeway from UCR and Rowland Heights the other way.
Participant[quote=FlyerInHi]Another thing to consider is that, unlike Canadians, Asian buyers, especially the part time residents, don’t really understand very high property taxes and HOA. The rich won’t have a problem, the middle class who rode the property boom might get tired of paying a middle class salary (for them) in annual maintenance costs.[/quote]
I would agree with this, time will tell how that plays out. They do understand HOA’s with condos but the High MR and HOA’s really throw them after they buy new SFH, but they are learning fast.
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