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zk
ParticipantCV is where you find the largest concentration of physicians, attorneys, C level execs etc. HH Incomes of 300 to 500K are pretty common there. Most of these folks wont be crushed by severe recessions. Additionally most of these folks bought homes well under 2X their current annual earnings in pre-bubble times.
While I agree with all of the above, there are other factors that could cause declines despite those factors. I’ve lived in CV for almost 6 years, and of the people I know with HH incomes in that range, quite a few of them are business owners. Obviously their businesses are successful at this point, but if there’s a moderate or worse recession, that could change. Also, I would guess that there are plenty of people in the newer developments who are typical of the “other half” of CV residents. They make 100k-200k/yr, and they really stretched to buy, figuring on continued appreciation. If prices do continue coming down even at their current (very slow) pace, they may not be able to hang on when their loans reset.
It won’t take very many from either of those two categories to start lowering the comps and accelerating the price declines.
zk
ParticipantCV is where you find the largest concentration of physicians, attorneys, C level execs etc. HH Incomes of 300 to 500K are pretty common there. Most of these folks wont be crushed by severe recessions. Additionally most of these folks bought homes well under 2X their current annual earnings in pre-bubble times.
While I agree with all of the above, there are other factors that could cause declines despite those factors. I’ve lived in CV for almost 6 years, and of the people I know with HH incomes in that range, quite a few of them are business owners. Obviously their businesses are successful at this point, but if there’s a moderate or worse recession, that could change. Also, I would guess that there are plenty of people in the newer developments who are typical of the “other half” of CV residents. They make 100k-200k/yr, and they really stretched to buy, figuring on continued appreciation. If prices do continue coming down even at their current (very slow) pace, they may not be able to hang on when their loans reset.
It won’t take very many from either of those two categories to start lowering the comps and accelerating the price declines.
zk
ParticipantCV is where you find the largest concentration of physicians, attorneys, C level execs etc. HH Incomes of 300 to 500K are pretty common there. Most of these folks wont be crushed by severe recessions. Additionally most of these folks bought homes well under 2X their current annual earnings in pre-bubble times.
While I agree with all of the above, there are other factors that could cause declines despite those factors. I’ve lived in CV for almost 6 years, and of the people I know with HH incomes in that range, quite a few of them are business owners. Obviously their businesses are successful at this point, but if there’s a moderate or worse recession, that could change. Also, I would guess that there are plenty of people in the newer developments who are typical of the “other half” of CV residents. They make 100k-200k/yr, and they really stretched to buy, figuring on continued appreciation. If prices do continue coming down even at their current (very slow) pace, they may not be able to hang on when their loans reset.
It won’t take very many from either of those two categories to start lowering the comps and accelerating the price declines.
zk
ParticipantCV is where you find the largest concentration of physicians, attorneys, C level execs etc. HH Incomes of 300 to 500K are pretty common there. Most of these folks wont be crushed by severe recessions. Additionally most of these folks bought homes well under 2X their current annual earnings in pre-bubble times.
While I agree with all of the above, there are other factors that could cause declines despite those factors. I’ve lived in CV for almost 6 years, and of the people I know with HH incomes in that range, quite a few of them are business owners. Obviously their businesses are successful at this point, but if there’s a moderate or worse recession, that could change. Also, I would guess that there are plenty of people in the newer developments who are typical of the “other half” of CV residents. They make 100k-200k/yr, and they really stretched to buy, figuring on continued appreciation. If prices do continue coming down even at their current (very slow) pace, they may not be able to hang on when their loans reset.
It won’t take very many from either of those two categories to start lowering the comps and accelerating the price declines.
zk
ParticipantCV is where you find the largest concentration of physicians, attorneys, C level execs etc. HH Incomes of 300 to 500K are pretty common there. Most of these folks wont be crushed by severe recessions. Additionally most of these folks bought homes well under 2X their current annual earnings in pre-bubble times.
While I agree with all of the above, there are other factors that could cause declines despite those factors. I’ve lived in CV for almost 6 years, and of the people I know with HH incomes in that range, quite a few of them are business owners. Obviously their businesses are successful at this point, but if there’s a moderate or worse recession, that could change. Also, I would guess that there are plenty of people in the newer developments who are typical of the “other half” of CV residents. They make 100k-200k/yr, and they really stretched to buy, figuring on continued appreciation. If prices do continue coming down even at their current (very slow) pace, they may not be able to hang on when their loans reset.
It won’t take very many from either of those two categories to start lowering the comps and accelerating the price declines.
January 14, 2008 at 3:54 PM in reply to: Carmel Valley Pardee DH,Saratoga,CarriageRun Holding Value #135665zk
ParticipantSo what was the benefit to the buyer to participate in this scheme? He’s going to pay higher property tax because of the higher purchase price, so there must be some benefit to him. What is it?
January 14, 2008 at 3:54 PM in reply to: Carmel Valley Pardee DH,Saratoga,CarriageRun Holding Value #135862zk
ParticipantSo what was the benefit to the buyer to participate in this scheme? He’s going to pay higher property tax because of the higher purchase price, so there must be some benefit to him. What is it?
January 14, 2008 at 3:54 PM in reply to: Carmel Valley Pardee DH,Saratoga,CarriageRun Holding Value #135865zk
ParticipantSo what was the benefit to the buyer to participate in this scheme? He’s going to pay higher property tax because of the higher purchase price, so there must be some benefit to him. What is it?
January 14, 2008 at 3:54 PM in reply to: Carmel Valley Pardee DH,Saratoga,CarriageRun Holding Value #135923zk
ParticipantSo what was the benefit to the buyer to participate in this scheme? He’s going to pay higher property tax because of the higher purchase price, so there must be some benefit to him. What is it?
January 14, 2008 at 3:54 PM in reply to: Carmel Valley Pardee DH,Saratoga,CarriageRun Holding Value #135966zk
ParticipantSo what was the benefit to the buyer to participate in this scheme? He’s going to pay higher property tax because of the higher purchase price, so there must be some benefit to him. What is it?
zk
Participant“I wonder about alot of things, but I usually wonder along the analytical lines.”
You can’t wonder along analytical lines. You can think and research and try to develop conclusions along analytical lines. But you don’t seem to be doing any of that. You just seem to be unskeptically reading extremely unreliable sources (an email floating around the internet has taken us to new heights of unreliability, and the First Post online magazine is only a notch or two above that) and wondering things that a tiny bit of analysis (or common sense, for that matter) will show to be ridiculous.
As far as an atheist marrying a radical muslim, you leave out the “radical” part some of the time when you discuss it. There’s a huge difference between a person who is muslim only because he is required to be one by the state (there are countries where citizens are required to be muslims) and one who would kill babies in the name of allah because he follows the radical strain of islam. I can’t speak for all atheists, but I think that you’d be hard pressed to find a single one who’d marry a radical muslim. And, of course a radical muslim would never marry an atheist. As the atheist is, to him, an infidel, the radical muslim would want to murder the atheist. (I actually laughed when I read arraya’s post, because it’s a pretty funny joke that I think he made intentionally. You think of a radical muslim married to an atheist, and the first thing you think is that the radical muslim want to murder an infidel, not marry one. But arraya turns it around and says that an atheist wouldn’t marry a radical muslim.)
“ I wonder if any of it is true or not. I wonder if we, as Americans in a country created as ‘one nation under GOD’, are having the wool pulled over our eyes.”
You’re having the wool pulled over your eyes by someone who knows that there are unskeptical, unanalytical people out there who can be made to wonder about a candidate they (the writers of the email) don’t like simply by spewing false information.
zk
Participant“I wonder about alot of things, but I usually wonder along the analytical lines.”
You can’t wonder along analytical lines. You can think and research and try to develop conclusions along analytical lines. But you don’t seem to be doing any of that. You just seem to be unskeptically reading extremely unreliable sources (an email floating around the internet has taken us to new heights of unreliability, and the First Post online magazine is only a notch or two above that) and wondering things that a tiny bit of analysis (or common sense, for that matter) will show to be ridiculous.
As far as an atheist marrying a radical muslim, you leave out the “radical” part some of the time when you discuss it. There’s a huge difference between a person who is muslim only because he is required to be one by the state (there are countries where citizens are required to be muslims) and one who would kill babies in the name of allah because he follows the radical strain of islam. I can’t speak for all atheists, but I think that you’d be hard pressed to find a single one who’d marry a radical muslim. And, of course a radical muslim would never marry an atheist. As the atheist is, to him, an infidel, the radical muslim would want to murder the atheist. (I actually laughed when I read arraya’s post, because it’s a pretty funny joke that I think he made intentionally. You think of a radical muslim married to an atheist, and the first thing you think is that the radical muslim want to murder an infidel, not marry one. But arraya turns it around and says that an atheist wouldn’t marry a radical muslim.)
“ I wonder if any of it is true or not. I wonder if we, as Americans in a country created as ‘one nation under GOD’, are having the wool pulled over our eyes.”
You’re having the wool pulled over your eyes by someone who knows that there are unskeptical, unanalytical people out there who can be made to wonder about a candidate they (the writers of the email) don’t like simply by spewing false information.
zk
Participant“I wonder about alot of things, but I usually wonder along the analytical lines.”
You can’t wonder along analytical lines. You can think and research and try to develop conclusions along analytical lines. But you don’t seem to be doing any of that. You just seem to be unskeptically reading extremely unreliable sources (an email floating around the internet has taken us to new heights of unreliability, and the First Post online magazine is only a notch or two above that) and wondering things that a tiny bit of analysis (or common sense, for that matter) will show to be ridiculous.
As far as an atheist marrying a radical muslim, you leave out the “radical” part some of the time when you discuss it. There’s a huge difference between a person who is muslim only because he is required to be one by the state (there are countries where citizens are required to be muslims) and one who would kill babies in the name of allah because he follows the radical strain of islam. I can’t speak for all atheists, but I think that you’d be hard pressed to find a single one who’d marry a radical muslim. And, of course a radical muslim would never marry an atheist. As the atheist is, to him, an infidel, the radical muslim would want to murder the atheist. (I actually laughed when I read arraya’s post, because it’s a pretty funny joke that I think he made intentionally. You think of a radical muslim married to an atheist, and the first thing you think is that the radical muslim want to murder an infidel, not marry one. But arraya turns it around and says that an atheist wouldn’t marry a radical muslim.)
“ I wonder if any of it is true or not. I wonder if we, as Americans in a country created as ‘one nation under GOD’, are having the wool pulled over our eyes.”
You’re having the wool pulled over your eyes by someone who knows that there are unskeptical, unanalytical people out there who can be made to wonder about a candidate they (the writers of the email) don’t like simply by spewing false information.
zk
Participant“I wonder about alot of things, but I usually wonder along the analytical lines.”
You can’t wonder along analytical lines. You can think and research and try to develop conclusions along analytical lines. But you don’t seem to be doing any of that. You just seem to be unskeptically reading extremely unreliable sources (an email floating around the internet has taken us to new heights of unreliability, and the First Post online magazine is only a notch or two above that) and wondering things that a tiny bit of analysis (or common sense, for that matter) will show to be ridiculous.
As far as an atheist marrying a radical muslim, you leave out the “radical” part some of the time when you discuss it. There’s a huge difference between a person who is muslim only because he is required to be one by the state (there are countries where citizens are required to be muslims) and one who would kill babies in the name of allah because he follows the radical strain of islam. I can’t speak for all atheists, but I think that you’d be hard pressed to find a single one who’d marry a radical muslim. And, of course a radical muslim would never marry an atheist. As the atheist is, to him, an infidel, the radical muslim would want to murder the atheist. (I actually laughed when I read arraya’s post, because it’s a pretty funny joke that I think he made intentionally. You think of a radical muslim married to an atheist, and the first thing you think is that the radical muslim want to murder an infidel, not marry one. But arraya turns it around and says that an atheist wouldn’t marry a radical muslim.)
“ I wonder if any of it is true or not. I wonder if we, as Americans in a country created as ‘one nation under GOD’, are having the wool pulled over our eyes.”
You’re having the wool pulled over your eyes by someone who knows that there are unskeptical, unanalytical people out there who can be made to wonder about a candidate they (the writers of the email) don’t like simply by spewing false information.
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