[what_a_disasta]

And I thought prop 13 couldn’t be anymore unjust! What a swizz.

[what_a_disasta]

Thanks for the interesting insights. Food for thought.

[what_a_disasta]

Thanks for the interesting insights. Food for thought.

[what_a_disasta]

I thought I would go to the beach a lot more before I moved to SD. Appart from the occasional stroll near Torrey Pines, I pretty much never go there. I find the other beaches to be crawling with low life or too difficult to park nearby.

[what_a_disasta]

I thought I would go to the beach a lot more before I moved to SD. Appart from the occasional stroll near Torrey Pines, I pretty much never go there. I find the other beaches to be crawling with low life or too difficult to park nearby.

[what_a_disasta]

Speaking of large homes, I am thinking about buying one of these:
http://www.sdlookup.com/MLS-076067347-15195_Saddlebrook_Ln_Poway_CA_92064

or

http://www.sdlookup.com/MLS-076031063-15165_Saddlebrook_Ln_Poway_CA_92064

Looks to me that these nice homes in Green Valley didn’t really go up much during the boom, they were already going for 2m in 2000 so they have just gone up 25% in 7 years. Intuitively that makes me think that they will probably stay around the current price instead of going down much. It’s the kind of place I could stay a long time, so why wait?

Do you think there is anything in this line of thinking?

[what_a_disasta]

Speaking of large homes, I am thinking about buying one of these:
http://www.sdlookup.com/MLS-076067347-15195_Saddlebrook_Ln_Poway_CA_92064

or

http://www.sdlookup.com/MLS-076031063-15165_Saddlebrook_Ln_Poway_CA_92064

Looks to me that these nice homes in Green Valley didn’t really go up much during the boom, they were already going for 2m in 2000 so they have just gone up 25% in 7 years. Intuitively that makes me think that they will probably stay around the current price instead of going down much. It’s the kind of place I could stay a long time, so why wait?

Do you think there is anything in this line of thinking?

[what_a_disasta]

Have you looked at Heritage Ranch, Poway, CA 92064

Those are IMO the nicest places in Southern California if you aren’t obsessed with ocean views.

[what_a_disasta]

note to self: I’ve been frantically trying to put a webcrawler together that agregates all bankowned properties from different websites, but like so many others here, I have a regular day job too, with possibly the exception of Rustico, which has the means to contract everything out to everyone else 🙂

Have you thought about yahoo pipes? http://pipes.yahoo.com/pipes/

It’s a DIY aggregator that has quite a nifty visual interface for compiling your data sets. It’s free too.

[what_a_disasta]

I always find “Property Ladder” is good for a giggle.

[what_a_disasta]

Go ahead and buy if you can afford it. Life is for living, not getting depressed and paranoid about “them” screwing your future.

[what_a_disasta]

Last time i was in London I opened an HSBC premier account and get 5.75 on checking and 6.75 on savings. All calculated daily and paid monthly. It’s in GBP, not USD, so I’ve made an extra 2% due to the dollar’s decline since I opened it. I can transfer money for free on the net to my local HSBC dollar account whenever I need it. I believe you can set all this up by phone/fax too.

Highly recommended as HSBC is the largest bank in the world, if they fail we have a lot more to worry about than our savings.

[what_a_disasta]

My advice to you is that if you need a ‘basic book’ on the subject then you might as well stay out of it, or let some pro’s handle your money. It is a very complicated and risky business; trying to outsmart the street.

A good site for investment jargon is http://www.investopedia.com this explains terms that you will hear investors using.

Just keep your money in a high yield savings account or if you feel lucky, get some kind of index tracker etf like SPY.

If you are in the money, and able to convert those share options to cash, I would sellif you aren’t confident about future gains. Lock in those profits and don’t get greedy.

Nobody can say what will happen in the markets or eeconomy for sure, but it sure feels to me like something big and nasty this way comes.

[what_a_disasta]

http://www.thestreet.com/s/bank-injections-lift-stocks/markets/marketstory/10373886.html?puc=_googlen?cm_ven=GOOGLEN&cm_cat=FREE&cm_ite=NA

Meanwhile, the U.S. Federal Reserve said it was adding $2 billion in liquidity by way of a one-day repurchase of Treasuries and other securities.

“The Fed is buying securities from the banks in cash, taking them off the banks’ hands,” said Paul Mendelsohn, chief investment officer with Windham Financial. “It looks like $400 billion has been put into banks worldwide. That’s a lot of money. It’s hard to imagine what this market would be like without these injections. It would be an ugly picture.”

So much for the free market!

[what_a_disasta]

http://www.thestreet.com/s/bank-injections-lift-stocks/markets/marketstory/10373886.html?puc=_googlen?cm_ven=GOOGLEN&cm_cat=FREE&cm_ite=NA

Meanwhile, the U.S. Federal Reserve said it was adding $2 billion in liquidity by way of a one-day repurchase of Treasuries and other securities.

“The Fed is buying securities from the banks in cash, taking them off the banks’ hands,” said Paul Mendelsohn, chief investment officer with Windham Financial. “It looks like $400 billion has been put into banks worldwide. That’s a lot of money. It’s hard to imagine what this market would be like without these injections. It would be an ugly picture.”

So much for the free market!

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