[XBoxBoy]

If this is to be funded by new fees at Freddie and Fannie, then doesn’t that mean that we are making future mortgages more expensive? How in the heck will that fix the housing mess?

[XBoxBoy]

If this is to be funded by new fees at Freddie and Fannie, then doesn’t that mean that we are making future mortgages more expensive? How in the heck will that fix the housing mess?

[XBoxBoy]

If this is to be funded by new fees at Freddie and Fannie, then doesn’t that mean that we are making future mortgages more expensive? How in the heck will that fix the housing mess?

[XBoxBoy]

The government has plenty of reasons to skew the inflations statistics, and from everything I’ve ever seen, they darn sure do. If you want a conservative view of how badly things are skewed, you might read Bill Gross June newsletter over at pimco:

http://www.pimco.com/LeftNav/Featured+Market+Commentary/IO/2008/IO+June+2008.htm

Not as conservative, but backed by data is John William’s site, Shadow Government Statistics. He calculates that if we were still calculating CPI the way the government did before Clinton, we would currently be just under 8%.

http://www.shadowstats.com/

And if you go to the store, you might not know how to calculate inflation, but you sure do know that prices sure are going up fast. And might I add, pretty much everyone knows. Which is why I shake my head when I hear the fed officials talking about how “if” inflation expectations were to become unmoored….. Yeah, right, like what planet do you guys live on? Inflation expectations in the general public have been unmoored for a long time and are only getting worse.

XBoxBoy

[XBoxBoy]

The government has plenty of reasons to skew the inflations statistics, and from everything I’ve ever seen, they darn sure do. If you want a conservative view of how badly things are skewed, you might read Bill Gross June newsletter over at pimco:

http://www.pimco.com/LeftNav/Featured+Market+Commentary/IO/2008/IO+June+2008.htm

Not as conservative, but backed by data is John William’s site, Shadow Government Statistics. He calculates that if we were still calculating CPI the way the government did before Clinton, we would currently be just under 8%.

http://www.shadowstats.com/

And if you go to the store, you might not know how to calculate inflation, but you sure do know that prices sure are going up fast. And might I add, pretty much everyone knows. Which is why I shake my head when I hear the fed officials talking about how “if” inflation expectations were to become unmoored….. Yeah, right, like what planet do you guys live on? Inflation expectations in the general public have been unmoored for a long time and are only getting worse.

XBoxBoy

[XBoxBoy]

The government has plenty of reasons to skew the inflations statistics, and from everything I’ve ever seen, they darn sure do. If you want a conservative view of how badly things are skewed, you might read Bill Gross June newsletter over at pimco:

http://www.pimco.com/LeftNav/Featured+Market+Commentary/IO/2008/IO+June+2008.htm

Not as conservative, but backed by data is John William’s site, Shadow Government Statistics. He calculates that if we were still calculating CPI the way the government did before Clinton, we would currently be just under 8%.

http://www.shadowstats.com/

And if you go to the store, you might not know how to calculate inflation, but you sure do know that prices sure are going up fast. And might I add, pretty much everyone knows. Which is why I shake my head when I hear the fed officials talking about how “if” inflation expectations were to become unmoored….. Yeah, right, like what planet do you guys live on? Inflation expectations in the general public have been unmoored for a long time and are only getting worse.

XBoxBoy

[XBoxBoy]

The government has plenty of reasons to skew the inflations statistics, and from everything I’ve ever seen, they darn sure do. If you want a conservative view of how badly things are skewed, you might read Bill Gross June newsletter over at pimco:

http://www.pimco.com/LeftNav/Featured+Market+Commentary/IO/2008/IO+June+2008.htm

Not as conservative, but backed by data is John William’s site, Shadow Government Statistics. He calculates that if we were still calculating CPI the way the government did before Clinton, we would currently be just under 8%.

http://www.shadowstats.com/

And if you go to the store, you might not know how to calculate inflation, but you sure do know that prices sure are going up fast. And might I add, pretty much everyone knows. Which is why I shake my head when I hear the fed officials talking about how “if” inflation expectations were to become unmoored….. Yeah, right, like what planet do you guys live on? Inflation expectations in the general public have been unmoored for a long time and are only getting worse.

XBoxBoy

[XBoxBoy]

The government has plenty of reasons to skew the inflations statistics, and from everything I’ve ever seen, they darn sure do. If you want a conservative view of how badly things are skewed, you might read Bill Gross June newsletter over at pimco:

http://www.pimco.com/LeftNav/Featured+Market+Commentary/IO/2008/IO+June+2008.htm

Not as conservative, but backed by data is John William’s site, Shadow Government Statistics. He calculates that if we were still calculating CPI the way the government did before Clinton, we would currently be just under 8%.

http://www.shadowstats.com/

And if you go to the store, you might not know how to calculate inflation, but you sure do know that prices sure are going up fast. And might I add, pretty much everyone knows. Which is why I shake my head when I hear the fed officials talking about how “if” inflation expectations were to become unmoored….. Yeah, right, like what planet do you guys live on? Inflation expectations in the general public have been unmoored for a long time and are only getting worse.

XBoxBoy

[XBoxBoy]

As to the downtown market, I suggest you drive around downtown and notice how many unfinished condo buildings are still going up. If that soon to come on line supply doesn’t convince you that downtown has a long collapse ahead of it, I really don’t know what would.

XBoxBoy

[XBoxBoy]

As to the downtown market, I suggest you drive around downtown and notice how many unfinished condo buildings are still going up. If that soon to come on line supply doesn’t convince you that downtown has a long collapse ahead of it, I really don’t know what would.

XBoxBoy

[XBoxBoy]

As to the downtown market, I suggest you drive around downtown and notice how many unfinished condo buildings are still going up. If that soon to come on line supply doesn’t convince you that downtown has a long collapse ahead of it, I really don’t know what would.

XBoxBoy

[XBoxBoy]

As to the downtown market, I suggest you drive around downtown and notice how many unfinished condo buildings are still going up. If that soon to come on line supply doesn’t convince you that downtown has a long collapse ahead of it, I really don’t know what would.

XBoxBoy

[XBoxBoy]

As to the downtown market, I suggest you drive around downtown and notice how many unfinished condo buildings are still going up. If that soon to come on line supply doesn’t convince you that downtown has a long collapse ahead of it, I really don’t know what would.

XBoxBoy

[XBoxBoy]

Awombadavis and La Jolla Renter – take note:

[quote=awombadavis]”Is a clean $1M 2000sqft SFR with a back yard ocean view too much to ask for?”

I don’t think that’s going to happen… the 800 sq. ft. no view Bird Rock homes aren’t going under $1 million, so I think your scenario is too much to ask for.

[/quote]

Well, will you guys settle for a 1980sqft house, clean with ocean view? ‘Cause one just closed for $1M in the summit.

http://www.sdlookup.com/MLS-086008216-7070_Caminito_Manresa_La_Jolla_CA_92037

Pictures are gone from sdlookup, but you can see them here at:
http://www.prudentialcal.com/Listing/ListingDetail.aspx?&Listing=28479057&Image=1&First=11&Last=20

(Hope that link works.)

So…. looks like La Jolla isn’t holding up as well as people would have thought…

[XBoxBoy]

Awombadavis and La Jolla Renter – take note:

[quote=awombadavis]”Is a clean $1M 2000sqft SFR with a back yard ocean view too much to ask for?”

I don’t think that’s going to happen… the 800 sq. ft. no view Bird Rock homes aren’t going under $1 million, so I think your scenario is too much to ask for.

[/quote]

Well, will you guys settle for a 1980sqft house, clean with ocean view? ‘Cause one just closed for $1M in the summit.

http://www.sdlookup.com/MLS-086008216-7070_Caminito_Manresa_La_Jolla_CA_92037

Pictures are gone from sdlookup, but you can see them here at:
http://www.prudentialcal.com/Listing/ListingDetail.aspx?&Listing=28479057&Image=1&First=11&Last=20

(Hope that link works.)

So…. looks like La Jolla isn’t holding up as well as people would have thought…

[Author]

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