Posted on 09/08/2005 1:10:12 PM PDT by ex-Texan
It's amazing how many people look at short term trends then conclude everything is hunky-dory.
>>I make a decent salary but I can't afford anything other than a dinky apartment conversion.
Sounds familiar. :( My friends and I here in NorCal are all in a similar situation. Well, except I don't have lots of family nearby, so I suppose that is not keeping me from moving.
But I don't miss Winter that is for sure.
Ug. You have it all wrong geezer, the housing market is unlimited, paying 50 times the value is normal and also "a good investment". The market can only go up, there is an unlimited number of people willing and able to buy $100,000 homes for $800,000.....just look at FR. No bubble here, I'm going out to buy a shanty in California as we type, some bonehead will pay a cool half million, just because the realtor's say so......
"The rats have lost their last blue state in the South."
Louisiana was not and is not a "blue" state. Like many southern states, Louisiana at the state level is controlled by Democrats. It's a habit of long standing, going back to Reconstruction.
But, don't confuse that with conservative political leanings, when it comes to voting in presidential elections. There are enough who voted Republican in 2004 to have carried the state for Bush, amazing though that may seem in light of the fiascoes of Blanco, Landrieu, Nagin and other Democrats.
New Orleans is not representative of the whole state, in other words.
The same applies to California, however, technically we are a blue state regardless of our Reagan history.
All I can say is San Diego never looked better.
Nope. She lost 800,000 votes. Each votes twice.
Why do we keep reading the same regurgitated quotes, quips and "facts". It's like one default "bubble" article which has the sentences rearranged in random order, and republished. I don't care what anyone thinks about the subject, but can we please just have some original research or reportage on the real estate market?
Doom and gloom sells papers, gets viewers. They pander
to the lowest denominator for attracting attention.
The newspapers should be brought up on charges for
destroying trees for no apparent purpose.
The trick is to not wait too long before the interest rates get high again.
I wish we could have bought a couple years ago.
Sigh. Water under the bridge.
Looks like some are pushing for a one year moratorium for Katrina victims: http://www.mercurynews.com/mld/mercurynews/12583955.htm
Not really fair for people who are hit by future disasters, though.
If both parties were unemployed, they would be able to file, still, since they would be under the median income. I think house prices are too much in some areas and the bubble might burst. In other areas, where they are more modest, I think they will be fine.
Where are the 53 overpriced metropolitan areas?
>>I was born and raised in Southern California
Ah, I'm more of a wandering gypsy myself. Though other than CT (where I grew up), I've lived in NorCal the longest. A stable job is a nice change of pace from moving every 3-6 months which I was doing in my last career.
There is a cognitive dissonance involved with Conservatives who don't want to see the end of the housing boom and all that it may entail politically.
Better said, now is a good time to sell!
Doesn't the new federal bankruptcy law change all that?
A week ago Wednesday, there were 3000 homes for sale in Baton Rouge. Every one of them sold by Friday last week. People there are now accepting offers $10,000 higher than their listing price -- something totally unknown there. Baton Rouge used to be one of the places where you could get a good-quality sub $90,000 3/2/2 house. Not anymore.
Somewhat. You must make less than the median income for your area to declare chapter 7. If both are unemployed, that would be the case. If not, they would need to declare chapter 13 (reorg of debts), and would be screwed.
I'm just guessing, but perhaps you are noticing the direct inflationary impact of speculators investing in Baton Rouge? Perhaps wealthy investors are betting that homes will be in high demand in your area because of Katrina? But nobody listens to me, anyway. I'm just a retired geezer living in Oregon.
This looks interesting: http://scoop.agonist.org/story/2005/9/14/201912/760
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