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When only 3% of the population can afford the median cost of a home, and buying continues, theres only one explaination: Mass delusion, exuberance, and psychotic loaning practices with interest only ARM loans at 12:1 leverage. This has the potential to make the last san diego home market...

You call $1M+ the higher end in san diego? Thats a 2700 sq foot track home in carmel valley that you could spit on your neighbors roof on from your bathroom window. Upper middle end maybe. Check this out: http://client.aavirtualoffice.com/listnow/property.asp?PropertyID=127391 A sign of...

Average rent increase is 6% since 2004. Thats lower than inflation. Whoooopiiieee. Rents arent going anywhere because salaries are flat and people are moving out of san diego. Housing will fall back to regular levels over the next 5 years. Were still 2-3 standard deviations out of...

Rents will not go up to match mortgage payments in san diego. Home prices will drop to close the gap. Take a look at this graph of rental prices in san diego. This is based on polling of people who live at apartments and rate them. Basically flat. Yes, they have gone up a bit, but...

Those ma's are worthless.

Fooled by randomness, just like most players in the markets. Seeing patterns that also occur in random data sets.

Dont expect them to fix anything. I had an even more blatant error several months ago. My system put in a market order for 2000 shares of a stock in the morning. I didnt notice it until 3 hours later. The audit trail shows the order was accepted and sent to the NYSE. The transmit bar...

A Toyota Camry may be more domestic, but it will still out last a Ford, simply because of the japanese design/engineering and incremental improvements they have been making for decades.

When to exit should be part of your written trading plan too. I could give another trader my very best trading system, but not tell him when to exit, and he could end up losing money like crazy while I make it, taking the same entry signals. A trading plan, without rules for the exit, is...

This article doesnt even require a counter argument, since its not even an argument at all. Nothing more than assertion after assertion after assertion with nothing to back it up. A poorly written opinion piece, with the same old USA Oil conspiracies dragging the US the through the mud as...

Its worse than that. Most people here have purchased an item, in an over priced market, at 14X their gross salary, with no hedging, and put 0 down because they dont even have any life savings, so they got an interest only loan, and ARM so they could barely make the payments. Hows that for a...

I said if im lucky ill catch the bottom of a ***panic*** in 2-3 years. I consider 2-3 years too short, thats why I used the word panic. I think you are correct it will take 5,6,7,8 years to hit the real bottom. But if im ***lucky*** a panic would occur, sending it down fast. No, I am not...

Stopped by a nice house in hot Carmel Vallery during lunch. 2300 square feet, 4 bedroom, 3.5 bath. Now get this. Price has been reduced $100,000 from 800k and its still not selling. Its been on the market now for 171 days. :eek: Sellers are going to freak soon. Bids are getting...

I love it when people try to convince themselves that the auto-traders cant and are not doing as well or better than the discretionary traders. Please keep it up.

2007 will be a scary year. "This year, more than $300 billion worth of hybrid ARMs will readjust for the first time. That number will jump to approximately $1 trillion in 2007, according to the MBA. Monthly payments will leap too, many beyond what homeowners can afford." All those 3/1, 5/1...

The hot oil market has Houston ripping up again! The cycle repeats. 1.2 million dollar median price in one area :eek: http://www.chicagotribune.com/classified/realestate/newhomes/chi-0606170193jun17,0,6848014.story?coll=chi-classifiednewhomes-hed 55% increase in price in 1 year! :eek:

Holy crap!!! They are going to end up like Houston in the 80's when they over built and housing crashed after the oil problems. Some lucky smoe is gonna pick up some super cheap condos in miami in the not so distant future.

Check this out. $861,759 average cost of new detached home in san diego. 5.99% - current 5/1 RM mortgage rate $0 - amount of money put down on a house here. --------------------------------------- $5161.14 <--- your starting monthly payment Know how many people can afford that in san...

Another must read from the San Diego Housing Commission: http://www.sdhc.net/giaboutus2.shtml Some highlights: To afford a median-priced house ($550,000) today in San Diego, buyers need an annual income of about $134,000, assuming a 10 percent down payment and a 30-year fixed-rate...

It seems in the last 2-3 years, everyone decided to become a realtor to "get rich". Just like when everyone tried to become a day trader for easy money back in 2000. :) They will all wash out now, and go back to their old professions. The SD economy will take a bit of a hit, but ghost town...