[XBoxBoy]

[quote=The OC Scam]Maybe this is the last bullet?[/quote]

I don’t think this is the feds last bullet by any means. They can simply add bigger numbers in their ledger and buy as many bonds as they want. And that’s what they are clearly saying they are going to do. Not their last bullet at all.

XBoxBoy

[XBoxBoy]

[quote=The OC Scam]Maybe this is the last bullet?[/quote]

I don’t think this is the feds last bullet by any means. They can simply add bigger numbers in their ledger and buy as many bonds as they want. And that’s what they are clearly saying they are going to do. Not their last bullet at all.

XBoxBoy

[XBoxBoy]

[quote=The OC Scam]Maybe this is the last bullet?[/quote]

I don’t think this is the feds last bullet by any means. They can simply add bigger numbers in their ledger and buy as many bonds as they want. And that’s what they are clearly saying they are going to do. Not their last bullet at all.

XBoxBoy

[XBoxBoy]

Stop looking at asking prices and the places that sit there for months on end. Look at the closed sales and see how they are trending.

I don’t watch Carlsbad or Oceanside, but instead La Jolla. I can tell you that when I look at asking prices I see lots of sellers that are holding out and will continue to hold out. But when I look at what closes, it’s a different picture. The stuff that is selling is much lower priced and much better value. So, forget the asking prices of those that refuse to take a loss. Look at the closed sales if you want to see where the market is trading at.

XBoxBoy

[XBoxBoy]

Stop looking at asking prices and the places that sit there for months on end. Look at the closed sales and see how they are trending.

I don’t watch Carlsbad or Oceanside, but instead La Jolla. I can tell you that when I look at asking prices I see lots of sellers that are holding out and will continue to hold out. But when I look at what closes, it’s a different picture. The stuff that is selling is much lower priced and much better value. So, forget the asking prices of those that refuse to take a loss. Look at the closed sales if you want to see where the market is trading at.

XBoxBoy

[XBoxBoy]

Stop looking at asking prices and the places that sit there for months on end. Look at the closed sales and see how they are trending.

I don’t watch Carlsbad or Oceanside, but instead La Jolla. I can tell you that when I look at asking prices I see lots of sellers that are holding out and will continue to hold out. But when I look at what closes, it’s a different picture. The stuff that is selling is much lower priced and much better value. So, forget the asking prices of those that refuse to take a loss. Look at the closed sales if you want to see where the market is trading at.

XBoxBoy

[XBoxBoy]

Stop looking at asking prices and the places that sit there for months on end. Look at the closed sales and see how they are trending.

I don’t watch Carlsbad or Oceanside, but instead La Jolla. I can tell you that when I look at asking prices I see lots of sellers that are holding out and will continue to hold out. But when I look at what closes, it’s a different picture. The stuff that is selling is much lower priced and much better value. So, forget the asking prices of those that refuse to take a loss. Look at the closed sales if you want to see where the market is trading at.

XBoxBoy

[XBoxBoy]

Stop looking at asking prices and the places that sit there for months on end. Look at the closed sales and see how they are trending.

I don’t watch Carlsbad or Oceanside, but instead La Jolla. I can tell you that when I look at asking prices I see lots of sellers that are holding out and will continue to hold out. But when I look at what closes, it’s a different picture. The stuff that is selling is much lower priced and much better value. So, forget the asking prices of those that refuse to take a loss. Look at the closed sales if you want to see where the market is trading at.

XBoxBoy

[XBoxBoy]

The concept of moral hazard seems to have completely escaped our government. It’s really sad, but the reality is if you are a politician, you get on TV and get exposure by talking about how you are going to help some poor sap. If you talk about how you are going to hold people responsible you will be seen as mean and spiteful. I guess we get the government we deserve.

XBoxBoy

[XBoxBoy]

The concept of moral hazard seems to have completely escaped our government. It’s really sad, but the reality is if you are a politician, you get on TV and get exposure by talking about how you are going to help some poor sap. If you talk about how you are going to hold people responsible you will be seen as mean and spiteful. I guess we get the government we deserve.

XBoxBoy

[XBoxBoy]

The concept of moral hazard seems to have completely escaped our government. It’s really sad, but the reality is if you are a politician, you get on TV and get exposure by talking about how you are going to help some poor sap. If you talk about how you are going to hold people responsible you will be seen as mean and spiteful. I guess we get the government we deserve.

XBoxBoy

[XBoxBoy]

The concept of moral hazard seems to have completely escaped our government. It’s really sad, but the reality is if you are a politician, you get on TV and get exposure by talking about how you are going to help some poor sap. If you talk about how you are going to hold people responsible you will be seen as mean and spiteful. I guess we get the government we deserve.

XBoxBoy

[XBoxBoy]

The concept of moral hazard seems to have completely escaped our government. It’s really sad, but the reality is if you are a politician, you get on TV and get exposure by talking about how you are going to help some poor sap. If you talk about how you are going to hold people responsible you will be seen as mean and spiteful. I guess we get the government we deserve.

XBoxBoy

[XBoxBoy]

[quote=reddgreen]I wouldn’t say immune, but there are quite a few European buyers that would like to have a nice house by the sea in beautiful ‘Diego
[/quote]

Reddgreen, I keep hearing about foreign buyers, but I don’t see the sales stats to support it. Inventory for LJ (at least in houses) is way higher than it was a year ago and sales are way down. While this thread is meant to show that prices are down even along the coast I would definitely agree that they are not down like they are in Temecula or Inland Empire.

I think everyone forgets that foreigners have a huge number of choices, not just La Jolla. Del Mar, Coronado, Rancho Santa Fe, to name only a few locally, but there are considerably more when you expand to the whole USA. (Like Cape Cod, or Martha’s Vineyard, or Nags Head, or Carmel, or Santa Barbara and Montecito or go into the mountains and cities and there are even more choices) Conversely, there are only so many ultra rich foreigners buying trophy houses in the USA these days, and with the rising dollar it makes it all the less affordable for them.

XBoxBoy

[XBoxBoy]

[quote=reddgreen]I wouldn’t say immune, but there are quite a few European buyers that would like to have a nice house by the sea in beautiful ‘Diego
[/quote]

Reddgreen, I keep hearing about foreign buyers, but I don’t see the sales stats to support it. Inventory for LJ (at least in houses) is way higher than it was a year ago and sales are way down. While this thread is meant to show that prices are down even along the coast I would definitely agree that they are not down like they are in Temecula or Inland Empire.

I think everyone forgets that foreigners have a huge number of choices, not just La Jolla. Del Mar, Coronado, Rancho Santa Fe, to name only a few locally, but there are considerably more when you expand to the whole USA. (Like Cape Cod, or Martha’s Vineyard, or Nags Head, or Carmel, or Santa Barbara and Montecito or go into the mountains and cities and there are even more choices) Conversely, there are only so many ultra rich foreigners buying trophy houses in the USA these days, and with the rising dollar it makes it all the less affordable for them.

XBoxBoy

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