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The-Shoveler
ParticipantCome to think of it I never hear BMW commercials advertising them for sale, they always seem to talk about leasing them LOL.
Participant[quote=harvey]
There’s no such thing as a “normal” economy, it only looks that way, sometimes, in hindsight.[/quote]
You should have been around in the 70’s LOL!!!
And yes that DOES deserve three.
ParticipantYea, I am not seeing the messaging coming from the fed that we are anywhere near negative rates.
ParticipantI did not buy one single thing (besides food and gas).
But that was only because I was on the road all thanksgiving weekend LOL.
I did buy a few things this morning to take advantage of Cyber Monday discounts and free shipping.
Cyber Monday seems to be really busy as far as I can tell looking at the head lines (sites going down due to too much traffic etc…).
Seems good to me (biz wise).
ParticipantI think you missed the point CAR, the real robbing of the middle class started in 1981 with OER and the other changes to how inflation was calculated but OER is the biggie.
ParticipantThe Crazy part was if you wanted to buy 10 homes with nothing down and no collateral other than the house you were buying, there was not much to stop you.
Not seeing anything like that now.
Something like that only happens once.
ParticipantI Think some missed the point xbox was making,
It was not the interest rates that caused the last housing bust, it was the CRAZY loans that were being made from about 2003-2007 that are NOT being made now (especially the ones in 2005-6).
Sure home prices are crazy but the loans are not for the most part. what that means IMO is if you do finally get some builder to start building and selling at a lower home prices (which I think will happen at some point), it will not necessarily lead to the foreclosure wave we had from 2008-20011 or so.
Sorry that was a once in a life time.
Participant[quote=XBoxBoy][quote=CA renter]It is strange how everyone seemed to agree that the credit/housing bubble that brought us to our knees in 2008 was the consequence of holding interest rates too low for too long.[/quote]
Don’t think that is true. Most people seem to agree that the 2008 housing bubble was caused by lax lending standards, not by holding interest rates too low for too long. There’s a big difference between those two things.[/quote]
+1
ParticipantThe difference is the whole region (not just the coastal area’s) are becoming a increasingly growth averse a lot more than it ever was in the past.
We are building about 1/2 Normal pace after coming off a period of almost no building for the last 5 years.
Then you got the largest generation in history turning 24-25 or so.
Whatever it’s going to be tight.
ParticipantOn another thought, If they make collage extended High school, it will become worth what a high school ed is worth.
There should be some limits i think, maybe everyone has to go to a two year first to thin the herd.
I don’t think we need too many 4 year Grads working as clerks.
ParticipantCoastal SD is considered low risk in most locals.
My Mothers Condo in North LA is like $1500.00 a year if she wanted to buy it (she did not)
Your basically sitting on a mat of criss-crossing faults up there.
ParticipantI think I could get behind a bill to pay for engineering, Doctors, Nurses etc.. students provided they graduate (before eliminating debt).
Not sure why your average liberal arts student needs to go beyond a two year university, but maybe I am wrong.
November 12, 2015 at 5:51 PM in reply to: Millenia (Is it truly the “Next thing” The South County is looking for?) #791249ParticipantWhat they are actually letting them build something in SD?
LOL,Whatever just seems like a corny name or gimmick to me.
Next you will see a retirement community in SWRC called boomerville LOL.
ParticipantWe still have rising living standards (average house size still keeps growing every year),
SoCal (and Nor-Cal really) are just becoming Growth adverse.
Most other states don’t have that problem.
It’s just here for the most part.
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