quote:

ORIGINAL: Caretakr

quote:

ORIGINAL: CrappyDom

A significant factor in the vapid rise in real estate are the interest only loans that allow people to buy more house for the money.  Well, when there is more money chasing the same amount of houses, you have the basic recipe for inflation and it drove the cost of houses through the roof.  I sold a tiny 850sf house in Sacramento's urban core for $325k, a house that six years earlier was worth only 80k.  When the economy adjusts for all the bullshit of the last 8 years, there are going to be some horrendous economic costs and people with the wrong kind of debt are going to be seriously fucked.

I'm waiting for a serious break in the housing market in the next three years. All it's going to take is another short recession, and layoffs. And once the forecloures start to flood the market, housing values are going to tumble. Most people these days have no cash reserves, unemployment won't pay a mortgage.

It's my understanding that a vast percentage of people live about two paychecks away from destituion.

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ORIGINAL: Level

Ah, thanks for the info. I bet that does sting lol, some over here duck and dodge to just get under a certain bracket.

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ORIGINAL: CrappyDom

Gee, I haven't been getting any lately, I wonder what I could do?  I mean I have shitloads of money and actually know enough to get my jacket sleeves tailored to the right length, I mean that should be enough to get me elbow deep in pussy and I can't think of ANY other reason they would be blowing me off.

SO, what should I do?  Oh I know, perhaps I will write a post that discreetly but transparently enough that the sluts will see I have money and spend it on the little whores.  Yeah, that should get some more notches on the little guy.  I will mask it in some insipid post about how poor other guys are and that should mask it enough for the whole charade to work.

I mean, it has to work better than developing a personality and fixing all those things my ex girlfriends keep yelling at me as they run screaming down the street. 

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ORIGINAL: enigmabrat

::giggles and starts a crappy fan club::

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ORIGINAL: Caretakr

I'm waiting for a serious break in the housing market in the next three years. All it's going to take is another short recession, and layoffs. And once the forecloures start to flood the market, housing values are going to tumble. Most people these days have no cash reserves, unemployment won't pay a mortgage.

It's my understanding that a vast percentage of people live about two paychecks away from destituion.

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ORIGINAL: popeye1250

Level, here in Myrtle Beach,SC we have a lot of people moving into the area from high cost areas up North, Florida and Calif.
You can buy three houses here, nice ones, for the price of one in those areas. That tells me that our prices are too low or the prices in those areas are too high.
One thing I look at in the way of "indicators" is the "inbound" and "outbound" lists of big movers like United Van Lines and Mayflower and companies like that.
That means are people moving "in" to a state or "out" of a state.
The Carolinas, Georgia, Kentucky and a few others are "inbound" states while states like Mass, NY, NJ, Calif, Fla and others are outbound states.
The biggest drop in real estate will be in Calif, parts of Florida and most of the North East especially Ny and Boston.

Popeye, I'm thinking "too high", but that is a totally uneducated guess lol. I see where you think the above-mentioned states would lose population; add in loss of insurers in hurricane risky areas in Florida, and that's one more incentive, for that state. It should be interesting to see how it goes [:D].

Susan, good posts. Yes, you need to know how to save and manage money.
I grew up poor in Boston, my father being a Firefighter in the 50's, 60's and 70's when the job didn't pay that much.
We were always taught to save money from whatever we made after school. Never got "allowance" That's a great habit to instill in "unmentionables" as you call them. It's done me very well in life. I manage to save about a third of what I make now due to my circumstances and I just bought a new car and paid cash for it. If I want to do something like take a trip I know the money is there to do it.
If you guys want a very high yield on a stock of a growing company (17%) look up (NAT.)

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ORIGINAL: zenofeller

..... But a Master usually will cover the slave's expenses,

quote:

ORIGINAL: CrappyDom

A significant factor in the vapid rise in real estate are the interest only loans that allow people to buy more house for the money.  Well, when there is more money chasing the same amount of houses, you have the basic recipe for inflation and it drove the cost of houses through the roof.  I sold a tiny 850sf house in Sacramento's urban core for $325k, a house that six years earlier was worth only 80k.  When the economy adjusts for all the bullshit of the last 8 years, there are going to be some horrendous economic costs and people with the wrong kind of debt are going to be seriously fucked.