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UCGal
ParticipantDidn’t our economic problems largely stem from people borrowing too much money? Spending money they didn’t have?
Am I missing something?
Whatever happened to living within ones’ means and saving/investing what was left over. You’re talking about borrowing to invest.
The only difference I see between this plan and people who bought houses they couldn’t/shouldn’t have bought is you’re talking about commodities not real estate… but you’re still making the assumption that commodities can only go up. And using borrowed money for that assumption.
ParticipantDidn’t our economic problems largely stem from people borrowing too much money? Spending money they didn’t have?
Am I missing something?
Whatever happened to living within ones’ means and saving/investing what was left over. You’re talking about borrowing to invest.
The only difference I see between this plan and people who bought houses they couldn’t/shouldn’t have bought is you’re talking about commodities not real estate… but you’re still making the assumption that commodities can only go up. And using borrowed money for that assumption.
ParticipantMaybe I misheard this morning when listening to Geithner, etc… But I thought the remaining tarp money ($350B) was going to be used for capital infusion into banks. Not specifically to mortgage programs, etc… but “capital infusion”.
In other words, we’re propping up the failing financial institutions.
ParticipantMaybe I misheard this morning when listening to Geithner, etc… But I thought the remaining tarp money ($350B) was going to be used for capital infusion into banks. Not specifically to mortgage programs, etc… but “capital infusion”.
In other words, we’re propping up the failing financial institutions.
ParticipantMaybe I misheard this morning when listening to Geithner, etc… But I thought the remaining tarp money ($350B) was going to be used for capital infusion into banks. Not specifically to mortgage programs, etc… but “capital infusion”.
In other words, we’re propping up the failing financial institutions.
ParticipantMaybe I misheard this morning when listening to Geithner, etc… But I thought the remaining tarp money ($350B) was going to be used for capital infusion into banks. Not specifically to mortgage programs, etc… but “capital infusion”.
In other words, we’re propping up the failing financial institutions.
ParticipantMaybe I misheard this morning when listening to Geithner, etc… But I thought the remaining tarp money ($350B) was going to be used for capital infusion into banks. Not specifically to mortgage programs, etc… but “capital infusion”.
In other words, we’re propping up the failing financial institutions.
Participant[quote=Jim Jones]Would the WARN (The Worker Adjustment and Retraining Notification) Act apply in this situation?
http://www.doleta.gov/programs/factsht/warn.htm%5B/quote%5D
Only if they’re laying off 50 or more in one state.
70 of the rumored 2000 are from Oregon. (Tigard facility).And only if they comply. Motorola just laid off a bunch of folks here – and apparently didn’t file with WARN in CA. I don’t know if there will be consequences to ignoring the law.
Participant[quote=Jim Jones]Would the WARN (The Worker Adjustment and Retraining Notification) Act apply in this situation?
http://www.doleta.gov/programs/factsht/warn.htm%5B/quote%5D
Only if they’re laying off 50 or more in one state.
70 of the rumored 2000 are from Oregon. (Tigard facility).And only if they comply. Motorola just laid off a bunch of folks here – and apparently didn’t file with WARN in CA. I don’t know if there will be consequences to ignoring the law.
Participant[quote=Jim Jones]Would the WARN (The Worker Adjustment and Retraining Notification) Act apply in this situation?
http://www.doleta.gov/programs/factsht/warn.htm%5B/quote%5D
Only if they’re laying off 50 or more in one state.
70 of the rumored 2000 are from Oregon. (Tigard facility).And only if they comply. Motorola just laid off a bunch of folks here – and apparently didn’t file with WARN in CA. I don’t know if there will be consequences to ignoring the law.
Participant[quote=Jim Jones]Would the WARN (The Worker Adjustment and Retraining Notification) Act apply in this situation?
http://www.doleta.gov/programs/factsht/warn.htm%5B/quote%5D
Only if they’re laying off 50 or more in one state.
70 of the rumored 2000 are from Oregon. (Tigard facility).And only if they comply. Motorola just laid off a bunch of folks here – and apparently didn’t file with WARN in CA. I don’t know if there will be consequences to ignoring the law.
Participant[quote=Jim Jones]Would the WARN (The Worker Adjustment and Retraining Notification) Act apply in this situation?
http://www.doleta.gov/programs/factsht/warn.htm%5B/quote%5D
Only if they’re laying off 50 or more in one state.
70 of the rumored 2000 are from Oregon. (Tigard facility).And only if they comply. Motorola just laid off a bunch of folks here – and apparently didn’t file with WARN in CA. I don’t know if there will be consequences to ignoring the law.
February 10, 2009 at 9:23 AM in reply to: Mira Mesa half-mil $ condos vs. bigger, better, cheaper sfrs #343809Participant[quote=nostradamus]Interesting SDEng. I had wondered about that.
What kind of advantage would a “twin home” have over an SFR? The way I see it, you pay SFR price for a condo life!
Yes AN, those sales comps in 2008 are what have me perplexed. Even then there were cheaper houses. I wonder if it’s because this is just about the furthest North-West in Mira Mesa you can get.[/quote]
I don’t think a twin home has an advantage here… but I owned one in the Philly suburbs… a 100 year old, victorian style, twin home.
The advantages
– I had one less exterior wall to heat. That’s not a value in our climate… but back east it reduced my heating bills.
– I had the benefit of a guard dog, without the work. (neighbors dog barked at people coming onto my porch, lol.)Mine was fee simple… property line ran exactly through the fire/party wall. No HOA’s. Only covenant prevented me from having a tannery or a manure pit in my back yard. (Seriously.) My neighbors on the other side of the wall were great… it was a good experience.
February 10, 2009 at 9:23 AM in reply to: Mira Mesa half-mil $ condos vs. bigger, better, cheaper sfrs #344129Participant[quote=nostradamus]Interesting SDEng. I had wondered about that.
What kind of advantage would a “twin home” have over an SFR? The way I see it, you pay SFR price for a condo life!
Yes AN, those sales comps in 2008 are what have me perplexed. Even then there were cheaper houses. I wonder if it’s because this is just about the furthest North-West in Mira Mesa you can get.[/quote]
I don’t think a twin home has an advantage here… but I owned one in the Philly suburbs… a 100 year old, victorian style, twin home.
The advantages
– I had one less exterior wall to heat. That’s not a value in our climate… but back east it reduced my heating bills.
– I had the benefit of a guard dog, without the work. (neighbors dog barked at people coming onto my porch, lol.)Mine was fee simple… property line ran exactly through the fire/party wall. No HOA’s. Only covenant prevented me from having a tannery or a manure pit in my back yard. (Seriously.) My neighbors on the other side of the wall were great… it was a good experience.
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