| Author | Message | ||
| "The Don" (The_don)
Senior Member Username: The_don Post Number: 5752 Registered: 8-2002 |
I am set to stop getting paid on the 15th of July. I HATE THIS STATE. | ||
| Jerry Lotter (Ponyup355)
New member Username: Ponyup355 Post Number: 2 Registered: 6-2003 |
Those who understand the housing market know that the only thing that can bring it crashing down as you say is a severe loss in local jobs. Remember supply and demand. Thats why buying in So Cal is a no brainer. I have a better idea, capitalize on your wise investment and refinance it. Take the money and buy that Ferrari you always wanted. That is if your wife will let you! | ||
| DaveE (Banzaiboxr)
Junior Member Username: Banzaiboxr Post Number: 153 Registered: 8-2002 |
We are all doomed!! unless "THE GREAT DON" does some pushing around.GIVE THEM HELL DAMMIT! | ||
| chris cummings (Entelechy)
Member Username: Entelechy Post Number: 337 Registered: 5-2001 |
What a disgrace - I can barely stomach it. Jordan, if you really want to know, read Catherine Crier's book "The Case Against Lawyers" which provides a comprehensive view of law and government in the US and how it has strayed from our forefather's intentions. Literally every page is damning, jaw-dropping, and fully documented. I got tired of highlighting, because I was highlighting everything. | ||
| Sunny Garofalo (Jaguarxj6)
Member Username: Jaguarxj6 Post Number: 626 Registered: 2-2003 |
Jordan, show us your tits and maybe we'll forgive you. Or, maybe not. lol | ||
| Jordan Witherspoon (Jordan747_400)
Intermediate Member Username: Jordan747_400 Post Number: 1392 Registered: 12-2002 |
I knew I shouldnt have said that! Let me rephrase that: Many people are flocking to Southern California and moving to nicer neighborhoods. Oh I give up. You guys know I didnt mean that badly  | ||
| Byron (Bmyth)
Member Username: Bmyth Post Number: 850 Registered: 10-2002 |
jordan, that's it. no more rides in the challenge car. | ||
| Sunny Garofalo (Jaguarxj6)
Member Username: Jaguarxj6 Post Number: 625 Registered: 2-2003 |
Jordan, I'm telling Byron on you! | ||
| Sunny Garofalo (Jaguarxj6)
Member Username: Jaguarxj6 Post Number: 624 Registered: 2-2003 |
Low interest, thats why they are selling and prices are going up. Look at the rates 10 years ago and then 5 years ago compared to now. You can refi a 500k house now for a 15/yr fixed and pay slightly less then you are for a 30/yr fixed when you bought the place less 3-4 years ago. My father who's income limited (self employed carpenter) just knocked off 1.5% off his for the sake of doing it. The auto industry is trying to offer low or 0% interest rates to get your business and buy a new car. For 50% of the families out there, that means they can now afford one. Its the same with houses. Suddenly, a large % of people who were not in the market suddenly are, its a sellers market, prices will jump. It will level out and eventually crash, but companies like the one I work for are living high on the hog. When rates go up again, it will be a whole new refi craze and last minute buyers before prices stabilize. You have to figure, when the market softens up, two $250k houses next to each other bought/sold at $350k during this time will come back down in price in several years and compete with each other. They won't go nearly for what they are going for now, so whomever is buying at sky high prices are going to have to hold onto their property a long time to get some equity back. People holding onto property means no one is buying and that means its a buyers market, though the interest rate may remain high, I'd rather pay higher interest then pay crazy prices! Sunny | ||
| Jordan Witherspoon (Jordan747_400)
Intermediate Member Username: Jordan747_400 Post Number: 1391 Registered: 12-2002 |
Not to sound racist, but Asians are really flocking to Southern California, and many of them are buying houses in very nice neighborhoods (at least in my area). | ||
| peter brinzey (Ferraripete)
Junior Member Username: Ferraripete Post Number: 71 Registered: 11-2002 |
i too would like to know who is buying these houses? i make quite a good living and am simply stumped by who must be buying these houses!! the realtors seem to know little about the ever increasing spread of housing costs and actual income growth. they also seem to think it will not stop (two words for them...dot com). today there are fewer high paying jobs and seemingly more million + dollar houses. how can this growth be sustainable? a last note, i also find it to pisses me off when some realtor (that could make more money than i)tells me how this violation of the laws of economics can not be stopped! | ||
| Gene Agatep (Gagatep)
Member Username: Gagatep Post Number: 335 Registered: 8-2002 |
with all this financial depression in california.... can someone enlighten me? WHY ARE HOUSING PRICES SOOOOO HIGH? WHO ARE BUYING THESE HOUSES? WHY ARE MORE PEOPLE ENTERING CALIFORNIA (POPULATION GROWTH DUE TO MIGRATION)? These are not rhetorical questions? I'd really like to know. (NO B.S. ANSWERS PLEASE) a simple "Duh, I don't know." is acceptable. | ||
| Bart Duesler (The_bart)
Junior Member Username: The_bart Post Number: 168 Registered: 1-2003 |
The state will issue warrents. They have done this in the past. Most large banks will accept them in personal accounts as cash. The warrents will be paid after the state gets a budget. These are I.O.U.s. Of course you trust the government to pay it bills. They trust us don't they? The whole problem is the workers do not pay enough to the state. They know better want to do with our money and the workers are not sensitive enough to the non-worker who needs your money. | ||
| "The Don" (The_don)
Senior Member Username: The_don Post Number: 5652 Registered: 8-2002 |
I will not get paid if they do not get a budget. | ||
| Jordan Witherspoon (Jordan747_400)
Intermediate Member Username: Jordan747_400 Post Number: 1382 Registered: 12-2002 |
This is rediculous. Im really curious, never learned this stuff...but where does all that money go? How can we shift through it so quickly? Now I want to move back to Texas... | ||
| "The Don" (The_don)
Senior Member Username: The_don Post Number: 5651 Registered: 8-2002 |
http://www.washingtonpost.com/wp-dyn/articles/A48925-2003Jun29.html Our GDP is higher then 90% of the world and we are going broke. nice. |