[USMCBunny]

I can, I do track that blog, but for some reason the PIGG site gets thru work filters, while the Nova site does not, so I have to do it from home.

[USMCBunny]

I can, I do track that blog, but for some reason the PIGG site gets thru work filters, while the Nova site does not, so I have to do it from home.

[USMCBunny]

I can, I do track that blog, but for some reason the PIGG site gets thru work filters, while the Nova site does not, so I have to do it from home.

[USMCBunny]

I can, I do track that blog, but for some reason the PIGG site gets thru work filters, while the Nova site does not, so I have to do it from home.

[USMCBunny]

I can, I do track that blog, but for some reason the PIGG site gets thru work filters, while the Nova site does not, so I have to do it from home.

[USMCBunny]

Hey Folks,

I rarely post, and have not for a long while. I moved from San Diego to DC 2.5 years ago.I still track this blog for old times sake.

To a large extent, inside the beltway has held up, but there seem to be some wildly swinging prices. I live (Rent) in old town Alexandria. Across the street, a three bedroom rowhouse with finished basement (2100-ish) square feet just sold for 525K. I rent an identical place, though not as updated, for 2200/ month.
One street over, a slightly newer 3 bedroom with a garage but no basement has been on the market for months at 725K. Overall there are a lot of for sale signs, but things do seem to be selling.
The first house was owned by an older lady who bought 15 years ago, she priced to sell, and was out in like a week. I think the big swings in pricing are totally based on what people need to get out clean, and they generally rent them (at a loss) if they cannot sell. Obviously a lot of renters in the beltway.
I plan the future budget for the USMC, and am pretty read into Government spending plans. A GS hiring freeze and reduction in contractor services are already on the table, and this is just the first step.
The Beltway and public sector have been largely immune to cutbacks due to the war / stimulus / bloated budgets… this is coming to an end sooner than you think. The workforce in DC is going to take a hit, Beltway real estate prices will take take the same hit.
Frankly, I think buying in the beltway is very dangerous right now. Enjoy the sunshine….

[USMCBunny]

Hey Folks,

I rarely post, and have not for a long while. I moved from San Diego to DC 2.5 years ago.I still track this blog for old times sake.

To a large extent, inside the beltway has held up, but there seem to be some wildly swinging prices. I live (Rent) in old town Alexandria. Across the street, a three bedroom rowhouse with finished basement (2100-ish) square feet just sold for 525K. I rent an identical place, though not as updated, for 2200/ month.
One street over, a slightly newer 3 bedroom with a garage but no basement has been on the market for months at 725K. Overall there are a lot of for sale signs, but things do seem to be selling.
The first house was owned by an older lady who bought 15 years ago, she priced to sell, and was out in like a week. I think the big swings in pricing are totally based on what people need to get out clean, and they generally rent them (at a loss) if they cannot sell. Obviously a lot of renters in the beltway.
I plan the future budget for the USMC, and am pretty read into Government spending plans. A GS hiring freeze and reduction in contractor services are already on the table, and this is just the first step.
The Beltway and public sector have been largely immune to cutbacks due to the war / stimulus / bloated budgets… this is coming to an end sooner than you think. The workforce in DC is going to take a hit, Beltway real estate prices will take take the same hit.
Frankly, I think buying in the beltway is very dangerous right now. Enjoy the sunshine….

[USMCBunny]

Hey Folks,

I rarely post, and have not for a long while. I moved from San Diego to DC 2.5 years ago.I still track this blog for old times sake.

To a large extent, inside the beltway has held up, but there seem to be some wildly swinging prices. I live (Rent) in old town Alexandria. Across the street, a three bedroom rowhouse with finished basement (2100-ish) square feet just sold for 525K. I rent an identical place, though not as updated, for 2200/ month.
One street over, a slightly newer 3 bedroom with a garage but no basement has been on the market for months at 725K. Overall there are a lot of for sale signs, but things do seem to be selling.
The first house was owned by an older lady who bought 15 years ago, she priced to sell, and was out in like a week. I think the big swings in pricing are totally based on what people need to get out clean, and they generally rent them (at a loss) if they cannot sell. Obviously a lot of renters in the beltway.
I plan the future budget for the USMC, and am pretty read into Government spending plans. A GS hiring freeze and reduction in contractor services are already on the table, and this is just the first step.
The Beltway and public sector have been largely immune to cutbacks due to the war / stimulus / bloated budgets… this is coming to an end sooner than you think. The workforce in DC is going to take a hit, Beltway real estate prices will take take the same hit.
Frankly, I think buying in the beltway is very dangerous right now. Enjoy the sunshine….

[USMCBunny]

Hey Folks,

I rarely post, and have not for a long while. I moved from San Diego to DC 2.5 years ago.I still track this blog for old times sake.

To a large extent, inside the beltway has held up, but there seem to be some wildly swinging prices. I live (Rent) in old town Alexandria. Across the street, a three bedroom rowhouse with finished basement (2100-ish) square feet just sold for 525K. I rent an identical place, though not as updated, for 2200/ month.
One street over, a slightly newer 3 bedroom with a garage but no basement has been on the market for months at 725K. Overall there are a lot of for sale signs, but things do seem to be selling.
The first house was owned by an older lady who bought 15 years ago, she priced to sell, and was out in like a week. I think the big swings in pricing are totally based on what people need to get out clean, and they generally rent them (at a loss) if they cannot sell. Obviously a lot of renters in the beltway.
I plan the future budget for the USMC, and am pretty read into Government spending plans. A GS hiring freeze and reduction in contractor services are already on the table, and this is just the first step.
The Beltway and public sector have been largely immune to cutbacks due to the war / stimulus / bloated budgets… this is coming to an end sooner than you think. The workforce in DC is going to take a hit, Beltway real estate prices will take take the same hit.
Frankly, I think buying in the beltway is very dangerous right now. Enjoy the sunshine….

[USMCBunny]

Hey Folks,

I rarely post, and have not for a long while. I moved from San Diego to DC 2.5 years ago.I still track this blog for old times sake.

To a large extent, inside the beltway has held up, but there seem to be some wildly swinging prices. I live (Rent) in old town Alexandria. Across the street, a three bedroom rowhouse with finished basement (2100-ish) square feet just sold for 525K. I rent an identical place, though not as updated, for 2200/ month.
One street over, a slightly newer 3 bedroom with a garage but no basement has been on the market for months at 725K. Overall there are a lot of for sale signs, but things do seem to be selling.
The first house was owned by an older lady who bought 15 years ago, she priced to sell, and was out in like a week. I think the big swings in pricing are totally based on what people need to get out clean, and they generally rent them (at a loss) if they cannot sell. Obviously a lot of renters in the beltway.
I plan the future budget for the USMC, and am pretty read into Government spending plans. A GS hiring freeze and reduction in contractor services are already on the table, and this is just the first step.
The Beltway and public sector have been largely immune to cutbacks due to the war / stimulus / bloated budgets… this is coming to an end sooner than you think. The workforce in DC is going to take a hit, Beltway real estate prices will take take the same hit.
Frankly, I think buying in the beltway is very dangerous right now. Enjoy the sunshine….

[USMCBunny]

I don’t claim to be very smart on macro econonics, like a lot of lurkers here, I learn from reading this and a couple other blogs.

The best simple definitions of Inflation / Deflation that I have read are simply that Inflation is the creation of wealth, and that deflation is the destruction of wealth. Wealth- obviously can be defined as actual $$$’s (paper or Electronic, “Stuff” (material goods) or even tranferable Debt (The future value of debt anyway … to whomever is getting the monthly payment).

The bursting of the bubble will lead to the destruction of close to a trillion dollars before it is over with. This trillion dollars (A number you could certainly argue up or down) was the notional value of home equity gains and may or may not have been turned into other forms of wealth via HELOC and refinance. Either way – this wealth is rapidly evaporating… it will be gone. This is the destruction of wealth and must be viewed as deflationary.

The inflation / creation of wealth already happened from 2000-2005 via all the paper gains. We are now deflating.

If the US Govt actually buys MBS mortgage debt (which I think would require a change in federal law) – they could potentially create more real debt. (By purchasing them for more then they are actually worth, they would in essence be creating dollars…) this would be inflationary. Until this happens, wealth is still being destroyed (if you owned Bear Stearns Stock… your wealth was destroyed).

I think the price increases we are seeing come not from the creation of dollars, but from the devaluation of the dollars currently in existance. Price increases do not in themselves constitute inflation, and in my thoughts may be more based on deflationary pressure and the consequent reactions to that pressure.

Flywestcoast

[USMCBunny]

I don’t claim to be very smart on macro econonics, like a lot of lurkers here, I learn from reading this and a couple other blogs.

The best simple definitions of Inflation / Deflation that I have read are simply that Inflation is the creation of wealth, and that deflation is the destruction of wealth. Wealth- obviously can be defined as actual $$$’s (paper or Electronic, “Stuff” (material goods) or even tranferable Debt (The future value of debt anyway … to whomever is getting the monthly payment).

The bursting of the bubble will lead to the destruction of close to a trillion dollars before it is over with. This trillion dollars (A number you could certainly argue up or down) was the notional value of home equity gains and may or may not have been turned into other forms of wealth via HELOC and refinance. Either way – this wealth is rapidly evaporating… it will be gone. This is the destruction of wealth and must be viewed as deflationary.

The inflation / creation of wealth already happened from 2000-2005 via all the paper gains. We are now deflating.

If the US Govt actually buys MBS mortgage debt (which I think would require a change in federal law) – they could potentially create more real debt. (By purchasing them for more then they are actually worth, they would in essence be creating dollars…) this would be inflationary. Until this happens, wealth is still being destroyed (if you owned Bear Stearns Stock… your wealth was destroyed).

I think the price increases we are seeing come not from the creation of dollars, but from the devaluation of the dollars currently in existance. Price increases do not in themselves constitute inflation, and in my thoughts may be more based on deflationary pressure and the consequent reactions to that pressure.

Flywestcoast

[USMCBunny]

I don’t claim to be very smart on macro econonics, like a lot of lurkers here, I learn from reading this and a couple other blogs.

The best simple definitions of Inflation / Deflation that I have read are simply that Inflation is the creation of wealth, and that deflation is the destruction of wealth. Wealth- obviously can be defined as actual $$$’s (paper or Electronic, “Stuff” (material goods) or even tranferable Debt (The future value of debt anyway … to whomever is getting the monthly payment).

The bursting of the bubble will lead to the destruction of close to a trillion dollars before it is over with. This trillion dollars (A number you could certainly argue up or down) was the notional value of home equity gains and may or may not have been turned into other forms of wealth via HELOC and refinance. Either way – this wealth is rapidly evaporating… it will be gone. This is the destruction of wealth and must be viewed as deflationary.

The inflation / creation of wealth already happened from 2000-2005 via all the paper gains. We are now deflating.

If the US Govt actually buys MBS mortgage debt (which I think would require a change in federal law) – they could potentially create more real debt. (By purchasing them for more then they are actually worth, they would in essence be creating dollars…) this would be inflationary. Until this happens, wealth is still being destroyed (if you owned Bear Stearns Stock… your wealth was destroyed).

I think the price increases we are seeing come not from the creation of dollars, but from the devaluation of the dollars currently in existance. Price increases do not in themselves constitute inflation, and in my thoughts may be more based on deflationary pressure and the consequent reactions to that pressure.

Flywestcoast

[USMCBunny]

I don’t claim to be very smart on macro econonics, like a lot of lurkers here, I learn from reading this and a couple other blogs.

The best simple definitions of Inflation / Deflation that I have read are simply that Inflation is the creation of wealth, and that deflation is the destruction of wealth. Wealth- obviously can be defined as actual $$$’s (paper or Electronic, “Stuff” (material goods) or even tranferable Debt (The future value of debt anyway … to whomever is getting the monthly payment).

The bursting of the bubble will lead to the destruction of close to a trillion dollars before it is over with. This trillion dollars (A number you could certainly argue up or down) was the notional value of home equity gains and may or may not have been turned into other forms of wealth via HELOC and refinance. Either way – this wealth is rapidly evaporating… it will be gone. This is the destruction of wealth and must be viewed as deflationary.

The inflation / creation of wealth already happened from 2000-2005 via all the paper gains. We are now deflating.

If the US Govt actually buys MBS mortgage debt (which I think would require a change in federal law) – they could potentially create more real debt. (By purchasing them for more then they are actually worth, they would in essence be creating dollars…) this would be inflationary. Until this happens, wealth is still being destroyed (if you owned Bear Stearns Stock… your wealth was destroyed).

I think the price increases we are seeing come not from the creation of dollars, but from the devaluation of the dollars currently in existance. Price increases do not in themselves constitute inflation, and in my thoughts may be more based on deflationary pressure and the consequent reactions to that pressure.

Flywestcoast

[USMCBunny]

I don’t claim to be very smart on macro econonics, like a lot of lurkers here, I learn from reading this and a couple other blogs.

The best simple definitions of Inflation / Deflation that I have read are simply that Inflation is the creation of wealth, and that deflation is the destruction of wealth. Wealth- obviously can be defined as actual $$$’s (paper or Electronic, “Stuff” (material goods) or even tranferable Debt (The future value of debt anyway … to whomever is getting the monthly payment).

The bursting of the bubble will lead to the destruction of close to a trillion dollars before it is over with. This trillion dollars (A number you could certainly argue up or down) was the notional value of home equity gains and may or may not have been turned into other forms of wealth via HELOC and refinance. Either way – this wealth is rapidly evaporating… it will be gone. This is the destruction of wealth and must be viewed as deflationary.

The inflation / creation of wealth already happened from 2000-2005 via all the paper gains. We are now deflating.

If the US Govt actually buys MBS mortgage debt (which I think would require a change in federal law) – they could potentially create more real debt. (By purchasing them for more then they are actually worth, they would in essence be creating dollars…) this would be inflationary. Until this happens, wealth is still being destroyed (if you owned Bear Stearns Stock… your wealth was destroyed).

I think the price increases we are seeing come not from the creation of dollars, but from the devaluation of the dollars currently in existance. Price increases do not in themselves constitute inflation, and in my thoughts may be more based on deflationary pressure and the consequent reactions to that pressure.

Flywestcoast

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