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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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Why would anyone want a holiday home in San Diego if they didn’t live in the US? There are countless places with better beaches, weather, entertainment, value and more relaxed immigration rules.

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Why would anyone want a holiday home in San Diego if they didn’t live in the US? There are countless places with better beaches, weather, entertainment, value and more relaxed immigration rules.

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Why would anyone want a holiday home in San Diego if they didn’t live in the US? There are countless places with better beaches, weather, entertainment, value and more relaxed immigration rules.

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I wonder if they will ask Halliburton to build the new debtor’s prisons we will need.

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I wonder if they will ask Halliburton to build the new debtor’s prisons we will need.

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I wonder if they will ask Halliburton to build the new debtor’s prisons we will need.

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The weather isn’t all that great either. It’s certainly not ‘vacation weather’. A bit cloudy and chilly for my tastes.

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The weather isn’t all that great either. It’s certainly not ‘vacation weather’. A bit cloudy and chilly for my tastes.

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The weather isn’t all that great either. It’s certainly not ‘vacation weather’. A bit cloudy and chilly for my tastes.

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People who bought before mid 04 don’t want to sell because their cost of ownership is managable and they have nice low tax bills. People who bought after mid 04 cannot afford to sell at a realistic price (so they are fishing for prices that arent realistic, and not having any takers). They will either hang on, if they can afford to, or hand the keys back.

So it’s all up to the banks and the builders. Up until recently, banks and builders could find qualified buyers at retail prices, but that should change now. Both of these groups can afford to drop prices a long way.

[what_a_disasta]

People who bought before mid 04 don’t want to sell because their cost of ownership is managable and they have nice low tax bills. People who bought after mid 04 cannot afford to sell at a realistic price (so they are fishing for prices that arent realistic, and not having any takers). They will either hang on, if they can afford to, or hand the keys back.

So it’s all up to the banks and the builders. Up until recently, banks and builders could find qualified buyers at retail prices, but that should change now. Both of these groups can afford to drop prices a long way.

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wise words tone!

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wise words tone!

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I guess they are hoping for 2k, that doesnt mean they will get it. Ive seen some places festering on caigslist for many months losing the owners money.

Saying that, SD is expensive so good luck finding something suitable for the price you can afford. I would have thought a house in SD would rent for closer to 2700 for anything that doesnt stink.

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